TCAI vs. FTEC

Last updated Jun 24, 2026

TCAI (Tortoise AI Infrastructure ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both Technology Equities funds. TCAI is actively managed, while FTEC is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. TCAI charges 0.65%/yr vs 0.08%/yr for FTEC.

Performance

TCAI vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCAI achieves a 86.83% return, which is significantly higher than FTEC's 23.56% return.

TCAI

• 1D: -4.84%
• 1M: 10.54%
• YTD: 86.83%
• 6M: 82.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTEC

• 1D: -3.70%
• 1M: 0.35%
• YTD: 23.56%
• 6M: 21.69%
• 1Y: 47.58%
• 3Y*: 30.58%
• 5Y*: 19.77%
• 10Y*: 25.28%

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

TCAI vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025
TCAI Tortoise AI Infrastructure ETF	86.83%	17.27%
FTEC Fidelity MSCI Information Technology Index ETF	23.56%	9.78%

Correlation

The correlation between TCAI and FTEC is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.78

TCAI vs. FTEC - Sectors Allocation Comparison

Sectors	TCAI	FTEC
Technology	51.4%	98.3%
Industrials	25.4%	0.6%
Utilities	8.6%	-
Financial Services	7.1%	0.6%
Energy	4.7%	0.3%
Communication Services	1.6%	0.0%
Consumer Cyclical	1.3%	0.0%
Real Estate	0.6%	-
Basic Materials	-	0.0%
Consumer Defensive	-	-
Healthcare	-	-

Return for Risk

TCAI vs. FTEC — Risk / Return Rank

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

TCAI

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

FTEC

FTEC Risk / Return Rank: 60
FTEC Sharpe Ratio Rank: 67
FTEC Sortino Ratio Rank: 57
FTEC Omega Ratio Rank: 59
FTEC Calmar Ratio Rank: 62
FTEC Martin Ratio Rank: 54

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. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) and Fidelity MSCI Information Technology Index ETF (FTEC). 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	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	—	2.10	—
Sortino ratio: Return per unit of downside risk	—	2.63	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.94	—
Martin ratio: Return relative to average drawdown	—	9.03	—

Drawdowns

TCAI vs. FTEC - Drawdown Comparison

The maximum TCAI drawdown since its inception was -15.80%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for TCAI and FTEC.

Drawdown Indicators

	TCAI	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-15.80%	-34.95%	+19.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.26%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.95%	—
Current Drawdown Current decline from peak	-4.84%	-7.72%	+2.88%
Average Drawdown Average peak-to-trough decline	-3.54%	-5.57%	+2.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.28%	—

Volatility

Volatility by Period

	TCAI	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.57%	22.79%	+14.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.57%	25.60%	+11.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.57%	24.86%	+12.71%

TCAI vs. FTEC - Expense Ratio Comparison

TCAI has a 0.65% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

TCAI vs. FTEC - Dividend Comparison

TCAI's dividend yield for the trailing twelve months is around 0.03%, less than FTEC's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.36%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
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 FTEC in my portfolio?

TCAI and FTEC have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TCAI or FTEC?

On fees, FTEC is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TCAI or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.65% for TCAI.

Which ETF pays a higher dividend yield, TCAI or FTEC?

FTEC has the higher dividend yield at 0.36%, compared with 0.03% for TCAI.

What is the main difference between TCAI and FTEC?

They also come from different issuers: Tortoise and Fidelity. Their fees differ too: 0.65% for TCAI and 0.08% for FTEC.