TCAI vs. DRGN
TCAI (Tortoise AI Infrastructure ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both Artificial Intelligence funds. TCAI is actively managed, while DRGN is passively managed. Their 0.46 correlation means their historical movements had little consistent relationship. TCAI charges 0.65%/yr vs 0.39%/yr for DRGN.
Performance
TCAI vs. DRGN - Performance Comparison
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Returns By Period
In the year-to-date period, TCAI achieves a 55.27% return, which is significantly higher than DRGN's 8.73% return.
TCAI
- 1D
- -0.41%
- 1M
- -7.41%
- 6M
- 37.28%
- YTD
- 55.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DRGN
- 1D
- 3.34%
- 1M
- -0.11%
- 6M
- -2.24%
- YTD
- 8.73%
- 1Y
- 34.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 36.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $390.32K | $398.54K | $552.05K | |
| $4.79M | $5.54M | $6.96M |
TCAI vs. DRGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCAI Tortoise AI Infrastructure ETF | 55.27% | 17.27% |
DRGN Themes China Generative Artificial Intelligence ETF | 8.73% | 21.13% |
Correlation
The correlation between TCAI and DRGN is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025 | 0.46 |
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Return for Risk
TCAI vs. DRGN — Risk / Return Rank
TCAI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DRGN
TCAI vs. DRGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) and Themes China Generative Artificial Intelligence ETF (DRGN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TCAI | DRGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.55 | — |
| Martin ratioReturn relative to average drawdown | — | 3.10 | — |
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Drawdowns
TCAI vs. DRGN - Drawdown Comparison
The maximum TCAI drawdown since its inception was -28.82%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for TCAI and DRGN.
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Drawdown Indicators
| TCAI | DRGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -20.86% | -7.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -20.86% | — |
Current DrawdownCurrent decline from peak | -20.91% | -13.29% | -7.62% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -8.39% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.42% | — |
Volatility
TCAI vs. DRGN - Volatility Comparison
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Volatility by Period
| TCAI | DRGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.71% | 36.63% | +5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.71% | 36.03% | +5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.71% | 36.03% | +5.68% |
TCAI vs. DRGN - Expense Ratio Comparison
TCAI has a 0.65% expense ratio, which is higher than DRGN's 0.39% expense ratio.
Dividends
TCAI vs. DRGN - Dividend Comparison
TCAI's dividend yield for the trailing twelve months is around 0.03%, less than DRGN's 1.12% yield.
| Position | TTM | 2025 |
|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 1.12% | 1.22% |
TCAI Tortoise AI Infrastructure ETF | 0.03% | 0.05% |
Frequently Asked Questions
TCAI and DRGN have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DRGN is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DRGN is cheaper with a 0.39% expense ratio, compared with 0.65% for TCAI.
DRGN has the higher dividend yield at 1.12%, compared with 0.03% for TCAI.
They also come from different issuers: Tortoise and Themes. Their fees differ too: 0.65% for TCAI and 0.39% for DRGN.
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