TCAI vs. IYW
TCAI (Tortoise AI Infrastructure ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - TCAI is a Artificial Intelligence fund actively managed by Tortoise, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. TCAI is actively managed, while IYW is passively managed. Their 0.77 correlation means they have sometimes moved together and sometimes differently. TCAI charges 0.65%/yr vs 0.38%/yr for IYW.
Performance
TCAI vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, TCAI achieves a 55.27% return, which is significantly higher than IYW's 19.29% return.
TCAI
- 1D
- -0.41%
- 1M
- -7.41%
- 6M
- 37.28%
- YTD
- 55.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IYW
- 1D
- 0.46%
- 1M
- -2.23%
- 6M
- 20.08%
- YTD
- 19.29%
- 1Y
- 34.47%
- 3Y*
- 28.25%
- 5Y*
- 18.55%
- 10Y*
- 24.38%
- ALL TIME*
- 9.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $125.49M | $126.55M | $189.91M | |
| $4.79M | $5.54M | $6.96M |
TCAI vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCAI Tortoise AI Infrastructure ETF | 55.27% | 17.27% |
IYW iShares U.S. Technology ETF | 19.29% | 10.27% |
Correlation
The correlation between TCAI and IYW is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025 | 0.77 |
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Return for Risk
TCAI vs. IYW — Risk / Return Rank
TCAI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYW
TCAI vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) and iShares U.S. Technology ETF (IYW). 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 | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.77 | — |
| Martin ratioReturn relative to average drawdown | — | 5.23 | — |
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Drawdowns
TCAI vs. IYW - Drawdown Comparison
The maximum TCAI drawdown since its inception was -28.82%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for TCAI and IYW.
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Drawdown Indicators
| TCAI | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -81.90% | +53.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -20.91% | -8.40% | -12.51% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -34.48% | +29.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.03% | — |
Volatility
TCAI vs. IYW - Volatility Comparison
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Volatility by Period
| TCAI | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.86% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.71% | 23.79% | +17.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.71% | 26.47% | +15.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.71% | 25.36% | +16.35% |
TCAI vs. IYW - Expense Ratio Comparison
TCAI has a 0.65% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
TCAI vs. IYW - Dividend Comparison
TCAI's dividend yield for the trailing twelve months is around 0.03%, less than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
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 IYW have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IYW is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYW is cheaper with a 0.38% expense ratio, compared with 0.65% for TCAI.
IYW has the higher dividend yield at 0.11%, compared with 0.03% for TCAI.
TCAI is categorized as Artificial Intelligence, while IYW is Technology Equities. They also come from different issuers: Tortoise and iShares. Their fees differ too: 0.65% for TCAI and 0.38% for IYW.
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