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TCAI vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TCAI vs. HDV

Last updated Jul 17, 2026
Documentation

TCAI (Tortoise AI Infrastructure ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - TCAI is a Technology Equities fund actively managed by Tortoise, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. TCAI is actively managed, while HDV is passively managed. At a correlation of -0.13, they often move in opposite directions. TCAI charges 0.65%/yr vs 0.08%/yr for HDV.

Performance

TCAI vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TCAI achieves a 57.12% return, which is significantly higher than HDV's 18.49% return.

TCAI

1D
-5.14%
1M
-14.48%
6M
45.60%
YTD
57.12%
1Y
—
3Y*
—
5Y*
—
10Y*
—

HDV

1D
2.57%
1M
3.57%
6M
13.53%
YTD
18.49%
1Y
23.14%
3Y*
16.44%
5Y*
11.92%
10Y*
9.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TCAI vs. HDV - Yearly Performance Comparison

2026 (YTD)2025
TCAI
Tortoise AI Infrastructure ETF		57.12%17.27%
HDV
iShares Core High Dividend ETF		18.49%3.98%

Correlation

The correlation between TCAI and HDV is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.13

TCAI vs. HDV - Sectors Allocation Comparison

Sectors
TCAI
HDV

Technology

43.0%
0.2%

Industrials

24.3%
3.6%

Utilities

14.0%
8.2%

Financial Services

6.6%
4.8%

Energy

4.3%
19.6%

Consumer Cyclical

2.0%
9.2%

Communication Services

1.9%
5.2%

Real Estate

0.6%

-

Basic Materials

-

0.8%

Consumer Defensive

-

24.5%

Healthcare

-

23.7%

Technology

TCAI
43.0%
HDV
0.2%

Industrials

TCAI
24.3%
HDV
3.6%

Utilities

TCAI
14.0%
HDV
8.2%

Financial Services

TCAI
6.6%
HDV
4.8%

Energy

TCAI
4.3%
HDV
19.6%

Consumer Cyclical

TCAI
2.0%
HDV
9.2%

Communication Services

TCAI
1.9%
HDV
5.2%

Real Estate

TCAI
0.6%
HDV

-

Basic Materials

TCAI

-

HDV
0.8%

Consumer Defensive

TCAI

-

HDV
24.5%

Healthcare

TCAI

-

HDV
23.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Tortoise AI Infrastructure ETF

iShares Core High Dividend ETF

Often compared with TCAI:
TCAI vs. AIPOTCAI vs. DTCRTCAI vs. AISTCAI vs. ARTYTCAI vs. AIFDTCAI vs. CHATTCAI vs. BAI
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

TCAI vs. HDV — 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.

HDV
HDV Risk / Return Rank: 8585
Overall Rank
HDV Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 8888
Sortino Ratio Rank
HDV Omega Ratio Rank: 8181
Omega Ratio Rank
HDV Calmar Ratio Rank: 9191
Calmar Ratio Rank
HDV Martin Ratio Rank: 8181
Martin Ratio Rank
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. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) and iShares Core High Dividend ETF (HDV). 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.

TCAIHDVDifference
Sharpe ratioReturn per unit of total volatility

—

2.17

—

Sortino ratioReturn per unit of downside risk

—

3.28

—

Omega ratioGain probability vs. loss probability

—

1.38

—

Calmar ratioReturn relative to maximum drawdown

—

4.49

—

Martin ratioReturn relative to average drawdown

—

12.27

—

TCAI vs. HDV - Sharpe Ratio Comparison

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Drawdowns

TCAI vs. HDV - Drawdown Comparison

The maximum TCAI drawdown since its inception was -19.97%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for TCAI and HDV.

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Drawdown Indicators

TCAIHDVDifference

Max Drawdown

Largest peak-to-trough decline

-19.97%

-37.04%

+17.07%

Max Drawdown (1Y)

Largest decline over 1 year

—

-5.18%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-10.49%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.42%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-19.97%

0.00%

-19.97%

Average Drawdown

Average peak-to-trough decline

-4.04%

-3.07%

-0.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.89%

—

Volatility

TCAI vs. HDV - Volatility Comparison

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Volatility by Period

TCAIHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.12%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

8.63%

—

Volatility (1Y)

Calculated over the trailing 1-year period

39.13%

10.72%

+28.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

39.13%

12.95%

+26.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.13%

15.77%

+23.36%

TCAI vs. HDV - Expense Ratio Comparison

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

Dividends

TCAI vs. HDV - Dividend Comparison

TCAI's dividend yield for the trailing twelve months is around 0.03%, less than HDV's 3.11% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		3.11%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
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

TCAI and HDV have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

HDV has the higher dividend yield at 3.11%, compared with 0.03% for TCAI.

TCAI is categorized as Technology Equities, while HDV is Dividend. They also come from different issuers: Tortoise and iShares. Their fees differ too: 0.65% for TCAI and 0.08% for HDV.

Portfolio Optimizer

Find the right allocation for TCAI and HDV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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