TCAI vs. FSELX

Last updated Jun 9, 2026

TCAI (Tortoise AI Infrastructure ETF) and FSELX (Fidelity Select Semiconductors Portfolio) are both funds - TCAI is a Technology Equities fund actively managed by Tortoise, while FSELX is a Semiconductors fund managed by Fidelity. Their correlation of 0.80 suggests significant overlap in exposure. TCAI charges 0.65%/yr vs 0.68%/yr for FSELX.

Performance

TCAI vs. FSELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and Fidelity Select Semiconductors Portfolio (FSELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCAI achieves a 74.50% return, which is significantly higher than FSELX's 66.12% return.

TCAI

• 1D: 1.87%
• 1M: 6.30%
• YTD: 74.50%
• 6M: 65.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSELX

• 1D: -9.27%
• 1M: 5.76%
• YTD: 66.12%
• 6M: 60.36%
• 1Y: 135.04%
• 3Y*: 63.14%
• 5Y*: 43.03%
• 10Y*: 37.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TCAI vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025
TCAI Tortoise AI Infrastructure ETF	74.50%	17.27%
FSELX Fidelity Select Semiconductors Portfolio	66.12%	21.51%

Correlation

The correlation between TCAI and FSELX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.80

Return for Risk

TCAI vs. FSELX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSELX

FSELX Risk / Return Rank: 93
FSELX Sharpe Ratio Rank: 99
FSELX Sortino Ratio Rank: 87
FSELX Omega Ratio Rank: 85
FSELX Calmar Ratio Rank: 98
FSELX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCAI vs. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) and Fidelity Select Semiconductors Portfolio (FSELX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TCAI	FSELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.00	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.72	0.54	+3.19

Drawdowns

TCAI vs. FSELX - Drawdown Comparison

The maximum TCAI drawdown since its inception was -15.80%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for TCAI and FSELX.

Drawdown Indicators

	TCAI	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-15.80%	-82.54%	+66.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.38%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-36.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.37%	—
Current Drawdown Current decline from peak	-8.22%	-10.89%	+2.67%
Average Drawdown Average peak-to-trough decline	-3.48%	-28.69%	+25.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.80%	—

Volatility

Volatility by Period

	TCAI	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.74%	34.06%	+2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.74%	39.17%	-2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.74%	35.18%	+1.56%

TCAI vs. FSELX - Expense Ratio Comparison

TCAI has a 0.65% expense ratio, which is lower than FSELX's 0.68% expense ratio.

Dividends

TCAI vs. FSELX - Dividend Comparison

TCAI's dividend yield for the trailing twelve months is around 0.03%, less than FSELX's 9.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSELX Fidelity Select Semiconductors Portfolio	9.86%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TCAI and FSELX in my portfolio?

TCAI and FSELX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.