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TCAI vs. TBLU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TCAI vs. TBLU

Last updated Aug 2, 2026
Documentation

TCAI (Tortoise AI Infrastructure ETF) and TBLU (Tortoise Global Water Fund) are both exchange-traded funds - TCAI is a Artificial Intelligence fund actively managed by Tortoise, while TBLU is a Water Equities fund tracking the Tortoise Global Water ESG Net Total Return Index. TCAI is actively managed, while TBLU is passively managed. Their 0.29 correlation means their historical movements had little consistent relationship. TCAI charges 0.65%/yr vs 0.40%/yr for TBLU.

Performance

TCAI vs. TBLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and Tortoise Global Water Fund (TBLU). 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 TBLU's 2.00% return.

TCAI

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

TBLU

1D
-0.27%
1M
-1.11%
6M
-3.93%
YTD
2.00%
1Y
-0.10%
3Y*
9.02%
5Y*
3.59%
10Y*
—
ALL TIME*
9.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

TBLU

Tortoise Global Water Fund
$60.50K$60.70K$110.96K

TCAI

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

TCAI vs. TBLU - Yearly Performance Comparison

2026 (YTD)2025
TCAI
Tortoise AI Infrastructure ETF		55.27%17.27%
TBLU
Tortoise Global Water Fund		2.00%-2.06%

Correlation

The correlation between TCAI and TBLU is 0.29, which is low. Their historical price movements had little consistent relationship.

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

0.29

TCAI vs. TBLU - Sectors Allocation Comparison

Sectors
TCAI
TBLU

Technology

44.4%
0.7%

Industrials

30.5%
64.2%

Utilities

9.8%
24.6%

Financial Services

7.2%

-

Energy

3.9%
0.6%

Communication Services

2.2%

-

Consumer Cyclical

2.1%
0.8%

Real Estate

0.6%

-

Basic Materials

-

7.9%

Consumer Defensive

-

1.0%

Healthcare

-

-

Technology

TCAI
44.4%
TBLU
0.7%

Industrials

TCAI
30.5%
TBLU
64.2%

Utilities

TCAI
9.8%
TBLU
24.6%

Financial Services

TCAI
7.2%
TBLU

-

Energy

TCAI
3.9%
TBLU
0.6%

Communication Services

TCAI
2.2%
TBLU

-

Consumer Cyclical

TCAI
2.1%
TBLU
0.8%

Real Estate

TCAI
0.6%
TBLU

-

Basic Materials

TCAI

-

TBLU
7.9%

Consumer Defensive

TCAI

-

TBLU
1.0%

Healthcare

TCAI

-

TBLU

-

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

Tortoise Global Water Fund

Often compared with TCAI:
TCAI vs. AIPOTCAI vs. DTCRTCAI vs. AISTCAI vs. ARTYTCAI vs. AIFDTCAI vs. CHATTCAI vs. BAI
Often compared with TBLU:
TBLU vs. CGWTBLU vs. FIWTBLU vs. PHOTBLU vs. PIOTBLU vs. AQWATBLU vs. TPYPTBLU vs. TNUK

Return for Risk

TCAI vs. TBLU — 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.

TBLU
TBLU Risk / Return Rank: 1111
Overall Rank
TBLU Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
TBLU Sortino Ratio Rank: 1010
Sortino Ratio Rank
TBLU Omega Ratio Rank: 1010
Omega Ratio Rank
TBLU Calmar Ratio Rank: 1111
Calmar Ratio Rank
TBLU Martin Ratio Rank: 1111
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. TBLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) and Tortoise Global Water Fund (TBLU). 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.

TCAITBLUDifference
Sharpe ratioReturn per unit of total volatility

—

-0.01

—

Sortino ratioReturn per unit of downside risk

—

0.09

—

Omega ratioGain probability vs. loss probability

—

1.01

—

Calmar ratioReturn relative to maximum drawdown

—

-0.02

—

Martin ratioReturn relative to average drawdown

—

-0.03

—

TCAI vs. TBLU - Sharpe Ratio Comparison

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Drawdowns

TCAI vs. TBLU - Drawdown Comparison

The maximum TCAI drawdown since its inception was -28.82%, smaller than the maximum TBLU drawdown of -37.58%. Use the drawdown chart below to compare losses from any high point for TCAI and TBLU.

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Drawdown Indicators

TCAITBLUDifference

Max Drawdown

Largest peak-to-trough decline

-28.82%

-37.58%

+8.76%

Max Drawdown (1Y)

Largest decline over 1 year

—

-13.17%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-15.42%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-35.36%

—

Current Drawdown

Current decline from peak

-20.91%

-8.05%

-12.86%

Average Drawdown

Average peak-to-trough decline

-4.71%

-8.16%

+3.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

6.53%

—

Volatility

TCAI vs. TBLU - Volatility Comparison

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Volatility by Period

TCAITBLUDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.54%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

11.89%

—

Volatility (1Y)

Calculated over the trailing 1-year period

41.71%

15.17%

+26.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

41.71%

17.42%

+24.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.71%

18.91%

+22.80%

TCAI vs. TBLU - Expense Ratio Comparison

TCAI has a 0.65% expense ratio, which is higher than TBLU's 0.40% expense ratio.

Dividends

TCAI vs. TBLU - Dividend Comparison

TCAI's dividend yield for the trailing twelve months is around 0.03%, less than TBLU's 3.47% yield.

PositionTTM202520242023202220212020201920182017
TBLU
Tortoise Global Water Fund		3.47%3.31%1.34%1.46%1.64%1.55%1.42%1.58%1.35%1.32%
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%

Frequently Asked Questions

TCAI and TBLU have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, TBLU is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TBLU is cheaper with a 0.40% expense ratio, compared with 0.65% for TCAI.

TBLU has the higher dividend yield at 3.47%, compared with 0.03% for TCAI.

TCAI is categorized as Artificial Intelligence, while TBLU is Water Equities. Their fees differ too: 0.65% for TCAI and 0.40% for TBLU.

Portfolio Optimizer

Find the right allocation for TCAI and TBLU

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