TCAI vs. SPHD
TCAI (Tortoise AI Infrastructure ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - TCAI is a Artificial Intelligence fund actively managed by Tortoise, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. TCAI is actively managed, while SPHD is passively managed. Their -0.16 correlation means they have often moved in opposite directions in the past. TCAI charges 0.65%/yr vs 0.30%/yr for SPHD.
Performance
TCAI vs. SPHD - 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 SPHD's 12.28% return.
TCAI
- 1D
- -0.41%
- 1M
- -7.41%
- 6M
- 37.28%
- YTD
- 55.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPHD
- 1D
- -0.19%
- 1M
- 0.89%
- 6M
- 6.75%
- YTD
- 12.28%
- 1Y
- 15.51%
- 3Y*
- 12.02%
- 5Y*
- 8.00%
- 10Y*
- 7.28%
- ALL TIME*
- 9.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.09M | $45.47M | $42.29M | |
| $4.79M | $5.54M | $6.96M |
TCAI vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCAI Tortoise AI Infrastructure ETF | 55.27% | 17.27% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 12.28% | 1.84% |
Correlation
The correlation between TCAI and SPHD is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025 | -0.16 |
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Return for Risk
TCAI vs. SPHD — Risk / Return Rank
TCAI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPHD
TCAI vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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 | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.08 | — |
| Martin ratioReturn relative to average drawdown | — | 5.19 | — |
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Drawdowns
TCAI vs. SPHD - Drawdown Comparison
The maximum TCAI drawdown since its inception was -28.82%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for TCAI and SPHD.
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Drawdown Indicators
| TCAI | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -41.39% | +12.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.33% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | -20.91% | -2.24% | -18.67% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -4.66% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.93% | — |
Volatility
TCAI vs. SPHD - Volatility Comparison
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Volatility by Period
| TCAI | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.71% | 11.81% | +29.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.71% | 14.24% | +27.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.71% | 17.67% | +24.04% |
TCAI vs. SPHD - Expense Ratio Comparison
TCAI has a 0.65% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
TCAI vs. SPHD - Dividend Comparison
TCAI's dividend yield for the trailing twelve months is around 0.03%, less than SPHD's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.56% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
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 SPHD have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPHD is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.65% for TCAI.
SPHD has the higher dividend yield at 4.56%, compared with 0.03% for TCAI.
TCAI is categorized as Artificial Intelligence, while SPHD is Dividend. They also come from different issuers: Tortoise and Invesco. Their fees differ too: 0.65% for TCAI and 0.30% for SPHD.
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