TCAI vs. TBLU

Last updated Jun 3, 2026

TCAI (Tortoise AI Infrastructure ETF) and TBLU (Tortoise Global Water Fund) are both exchange-traded funds - TCAI is a Technology Equities 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. At a 0.36 correlation, their price movements are largely independent. 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.

Returns By Period

In the year-to-date period, TCAI achieves a 90.13% return, which is significantly higher than TBLU's -2.16% return.

TCAI

• 1D: 2.62%
• 1M: 22.37%
• YTD: 90.13%
• 6M: 84.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TBLU

• 1D: 0.97%
• 1M: -4.64%
• YTD: -2.16%
• 6M: -3.83%
• 1Y: -0.69%
• 3Y*: 9.65%
• 5Y*: 3.93%
• 10Y*: —

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

TCAI vs. TBLU - Yearly Performance Comparison

	2026 (YTD)	2025
TCAI Tortoise AI Infrastructure ETF	90.13%	17.77%
TBLU Tortoise Global Water Fund	-2.16%	-3.39%

Correlation

The correlation between TCAI and TBLU is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.36

TCAI vs. TBLU - Sectors Allocation Comparison

Sectors	TCAI	TBLU
Technology	44.0%	0.5%
Industrials	29.9%	65.8%
Utilities	11.1%	24.7%
Financial Services	6.4%	-
Energy	6.1%	0.5%
Consumer Cyclical	1.4%	0.7%
Communication Services	1.1%	-
Real Estate	0.6%	-
Basic Materials	-	7.1%
Consumer Defensive	-	0.8%
Healthcare	-	-

Return for Risk

TCAI vs. TBLU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TBLU

TBLU Risk / Return Rank: 8
TBLU Sharpe Ratio Rank: 8
TBLU Sortino Ratio Rank: 8
TBLU Omega Ratio Rank: 8
TBLU Calmar Ratio Rank: 8
TBLU Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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

Sharpe Ratios by Period

	TCAI	TBLU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.05	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.66	0.50	+4.16

Drawdowns

TCAI vs. TBLU - Drawdown Comparison

The maximum TCAI drawdown since its inception was -15.80%, 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.

Drawdown Indicators

	TCAI	TBLU	Difference
Max Drawdown Largest peak-to-trough decline	-15.80%	-37.58%	+21.78%
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	0.00%	-11.80%	+11.80%
Average Drawdown Average peak-to-trough decline	-3.45%	-8.14%	+4.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.41%	—

Volatility

Volatility by Period

	TCAI	TBLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.90%	14.44%	+21.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.90%	17.33%	+18.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.90%	18.97%	+16.93%

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 3.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TBLU Tortoise Global Water Fund	3.38%	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

Can I hold both TCAI and TBLU in my portfolio?

TCAI and TBLU have a correlation of 0.36, 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 TBLU?

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.

Which ETF is cheaper, TCAI or TBLU?

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

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

TBLU has the higher dividend yield at 3.38%, compared with 0.03% for TCAI.

What is the main difference between TCAI and TBLU?

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