TCAI vs. IVEP

Last updated Aug 2, 2026

TCAI (Tortoise AI Infrastructure ETF) and IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) are both exchange-traded funds - TCAI is a Artificial Intelligence fund actively managed by Tortoise, while IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index. TCAI is actively managed, while IVEP is passively managed. Their correlation of 0.81 means they have usually moved in the same direction. TCAI charges 0.65%/yr vs 0.75%/yr for IVEP.

Performance

TCAI vs. IVEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TCAI

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

IVEP

• 1D: 0.51%
• 1M: -3.48%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	$577.50K	$624.15K	$882.90K
TCAI Tortoise AI Infrastructure ETF	$4.79M	$5.54M	$6.96M

TCAI vs. IVEP - Yearly Performance Comparison

	2026 (YTD)
TCAI Tortoise AI Infrastructure ETF	25.34%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	-1.60%

Correlation

The correlation between TCAI and IVEP is 0.81, 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 Apr 8, 2026	0.81

TCAI vs. IVEP - Sectors Allocation Comparison

Sectors	TCAI	IVEP
Technology	44.4%	7.6%
Industrials	30.5%	45.4%
Utilities	9.8%	22.3%
Financial Services	7.2%	-
Energy	3.9%	12.5%
Communication Services	2.2%	-
Consumer Cyclical	2.1%	-
Real Estate	0.6%	10.1%
Basic Materials	-	2.2%
Consumer Defensive	-	-
Healthcare	-	-

Return for Risk

TCAI vs. IVEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). 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.

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

Drawdowns

TCAI vs. IVEP - Drawdown Comparison

The maximum TCAI drawdown since its inception was -28.82%, which is greater than IVEP's maximum drawdown of -17.54%. Use the drawdown chart below to compare losses from any high point for TCAI and IVEP.

Drawdown Indicators

	TCAI	IVEP	Difference
Max Drawdown Largest peak-to-trough decline	-28.82%	-17.54%	-11.28%
Current Drawdown Current decline from peak	-20.91%	-11.86%	-9.05%
Average Drawdown Average peak-to-trough decline	-4.71%	-5.01%	+0.30%

Volatility

Volatility by Period

	TCAI	IVEP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	41.71%	31.41%	+10.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.71%	31.41%	+10.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.71%	31.41%	+10.30%

TCAI vs. IVEP - Expense Ratio Comparison

TCAI has a 0.65% expense ratio, which is lower than IVEP's 0.75% expense ratio.

Dividends

TCAI vs. IVEP - Dividend Comparison

TCAI's dividend yield for the trailing twelve months is around 0.03%, while IVEP has not paid dividends to shareholders.

Position	TTM	2025
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%

Frequently Asked Questions

Can I hold both TCAI and IVEP in my portfolio?

TCAI and IVEP have a correlation of 0.81, 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 IVEP?

On fees, TCAI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TCAI or IVEP?

TCAI is cheaper with a 0.65% expense ratio, compared with 0.75% for IVEP.

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

TCAI has the higher dividend yield at 0.03%, compared with 0.00% for IVEP.

What is the main difference between TCAI and IVEP?

TCAI is categorized as Artificial Intelligence, while IVEP is Industrials Equities. They also come from different issuers: Tortoise and Wedbush. Their fees differ too: 0.65% for TCAI and 0.75% for IVEP.