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TCAI vs. IGPT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TCAI vs. IGPT

Last updated Aug 2, 2026
Documentation

TCAI (Tortoise AI Infrastructure ETF) and IGPT (Invesco AI and Next Gen Software ETF) are both Artificial Intelligence funds. TCAI is actively managed, while IGPT is passively managed. Their correlation of 0.82 means they have usually moved in the same direction. TCAI charges 0.65%/yr vs 0.56%/yr for IGPT.

Performance

TCAI vs. IGPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and Invesco AI and Next Gen Software ETF (IGPT). 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 55.27% return, which is significantly higher than IGPT's 45.80% return.

TCAI

1D
-0.41%
1M
-7.41%
6M
37.28%
YTD
55.27%
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—

IGPT

1D
0.59%
1M
-8.98%
6M
33.98%
YTD
45.80%
1Y
74.93%
3Y*
33.09%
5Y*
12.06%
10Y*
19.74%
ALL TIME*
14.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IGPT

Invesco AI and Next Gen Software ETF
$28.12M$21.89M$21.69M

TCAI

Tortoise AI Infrastructure ETF
$4.79M$5.54M$6.96M

TCAI vs. IGPT - Yearly Performance Comparison

2026 (YTD)2025
TCAI
Tortoise AI Infrastructure ETF		55.27%17.27%
IGPT
Invesco AI and Next Gen Software ETF		45.80%17.46%

Correlation

The correlation between TCAI and IGPT is 0.82, meaning they have usually moved in the same direction, including during past declines.

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

0.82

TCAI vs. IGPT - Sectors Allocation Comparison

Sectors
TCAI
IGPT

Technology

44.4%
76.6%

Industrials

30.5%
2.0%

Utilities

9.8%

-

Financial Services

7.2%
0.1%

Energy

3.9%

-

Communication Services

2.2%
16.9%

Consumer Cyclical

2.1%
0.1%

Real Estate

0.6%
2.4%

Basic Materials

-

-

Consumer Defensive

-

-

Healthcare

-

2.1%

Technology

TCAI
44.4%
IGPT
76.6%

Industrials

TCAI
30.5%
IGPT
2.0%

Utilities

TCAI
9.8%
IGPT

-

Financial Services

TCAI
7.2%
IGPT
0.1%

Energy

TCAI
3.9%
IGPT

-

Communication Services

TCAI
2.2%
IGPT
16.9%

Consumer Cyclical

TCAI
2.1%
IGPT
0.1%

Real Estate

TCAI
0.6%
IGPT
2.4%

Basic Materials

TCAI

-

IGPT

-

Consumer Defensive

TCAI

-

IGPT

-

Healthcare

TCAI

-

IGPT
2.1%

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

Invesco AI and Next Gen Software ETF

Often compared with TCAI:
TCAI vs. AIPOTCAI vs. DTCRTCAI vs. AISTCAI vs. ARTYTCAI vs. AIFDTCAI vs. CHATTCAI vs. BAI
Often compared with IGPT:
IGPT vs. AIQIGPT vs. CHATIGPT vs. BOTZIGPT vs. QQQIGPT vs. VGTIGPT vs. IRBOIGPT vs. XAIX

Return for Risk

TCAI vs. IGPT — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

IGPT
IGPT Risk / Return Rank: 8080
Overall Rank
IGPT Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IGPT Sortino Ratio Rank: 7777
Sortino Ratio Rank
IGPT Omega Ratio Rank: 7878
Omega Ratio Rank
IGPT Calmar Ratio Rank: 8080
Calmar Ratio Rank
IGPT Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TCAI vs. IGPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) and Invesco AI and Next Gen Software ETF (IGPT). 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.

TCAIIGPTDifference
Sharpe ratioReturn per unit of total volatility

—

1.94

—

Sortino ratioReturn per unit of downside risk

—

2.46

—

Omega ratioGain probability vs. loss probability

—

1.32

—

Calmar ratioReturn relative to maximum drawdown

—

2.89

—

Martin ratioReturn relative to average drawdown

—

11.04

—

TCAI vs. IGPT - Sharpe Ratio Comparison

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Drawdowns

TCAI vs. IGPT - Drawdown Comparison

The maximum TCAI drawdown since its inception was -28.82%, smaller than the maximum IGPT drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for TCAI and IGPT.

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Drawdown Indicators

TCAIIGPTDifference

Max Drawdown

Largest peak-to-trough decline

-28.82%

-50.14%

+21.32%

Max Drawdown (1Y)

Largest decline over 1 year

—

-24.74%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-29.30%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-42.04%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-50.14%

—

Current Drawdown

Current decline from peak

-20.91%

-19.79%

-1.12%

Average Drawdown

Average peak-to-trough decline

-4.71%

-11.95%

+7.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

6.47%

—

Volatility

TCAI vs. IGPT - Volatility Comparison

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Volatility by Period

TCAIIGPTDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

14.66%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

32.84%

—

Volatility (1Y)

Calculated over the trailing 1-year period

41.71%

36.85%

+4.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

41.71%

29.53%

+12.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.71%

27.29%

+14.42%

TCAI vs. IGPT - Expense Ratio Comparison

TCAI has a 0.65% expense ratio, which is higher than IGPT's 0.56% expense ratio.

Dividends

TCAI vs. IGPT - Dividend Comparison

TCAI's dividend yield for the trailing twelve months is around 0.03%, more than IGPT's 0.01% yield.

PositionTTM20252024202320222021202020192018201720162015
IGPT
Invesco AI and Next Gen Software ETF		0.01%0.04%0.00%0.00%1.41%6.21%0.04%0.05%0.00%0.00%0.03%0.15%
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 IGPT have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IGPT is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IGPT is cheaper with a 0.56% expense ratio, compared with 0.65% for TCAI.

TCAI has the higher dividend yield at 0.03%, compared with 0.01% for IGPT.

They also come from different issuers: Tortoise and Invesco. Their fees differ too: 0.65% for TCAI and 0.56% for IGPT.

Portfolio Optimizer

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