TDIV vs. TCAI

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust NASDAQ Technology Dividend Index Fund (TDIV) and Tortoise AI Infrastructure ETF (TCAI).

TDIV and TCAI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ Technology Dividend Index. It was launched on Aug 14, 2012. TCAI is an actively managed fund by Tortoise. It was launched on Aug 4, 2025.

Performance

TDIV vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Technology Dividend Index Fund (TDIV) and Tortoise AI Infrastructure ETF (TCAI). The values are adjusted to include any dividend payments, if applicable.

TDIV vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
TDIV First Trust NASDAQ Technology Dividend Index Fund	-2.96%	8.23%
TCAI Tortoise AI Infrastructure ETF	16.67%	17.77%

Returns By Period

In the year-to-date period, TDIV achieves a -2.96% return, which is significantly lower than TCAI's 16.67% return.

TDIV

• 1D: 3.22%
• 1M: -4.89%
• YTD: -2.96%
• 6M: -4.22%
• 1Y: 29.11%
• 3Y*: 22.10%
• 5Y*: 13.44%
• 10Y*: 15.72%

TCAI

• 1D: 4.49%
• 1M: -6.61%
• YTD: 16.67%
• 6M: 16.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDIV vs. TCAI - Expense Ratio Comparison

TDIV has a 0.50% expense ratio, which is lower than TCAI's 0.65% expense ratio.

TCAI

Tortoise AI Infrastructure ETF

TDIV

First Trust NASDAQ Technology Dividend Index Fund

Return for Risk

TDIV vs. TCAI — Risk / Return Rank

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

TDIV

TDIV Risk / Return Rank: 77
TDIV Sharpe Ratio Rank: 73
TDIV Sortino Ratio Rank: 76
TDIV Omega Ratio Rank: 73
TDIV Calmar Ratio Rank: 83
TDIV Martin Ratio Rank: 78

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.

TDIV vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) and Tortoise AI Infrastructure ETF (TCAI). 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.

	TDIV	TCAI	Difference
Sharpe ratio Return per unit of total volatility	1.24	—	—
Sortino ratio Return per unit of downside risk	1.87	—	—
Omega ratio Gain probability vs. loss probability	1.26	—	—
Calmar ratio Return relative to maximum drawdown	2.26	—	—
Martin ratio Return relative to average drawdown	7.82	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TDIV	TCAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.80	-1.04

Correlation

The correlation between TDIV and TCAI is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TDIV vs. TCAI - Dividend Comparison

TDIV's dividend yield for the trailing twelve months is around 1.50%, more than TCAI's 0.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.50%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%
TCAI Tortoise AI Infrastructure ETF	0.04%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TDIV vs. TCAI - Drawdown Comparison

The maximum TDIV drawdown since its inception was -31.97%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for TDIV and TCAI.

Drawdown Indicators

	TDIV	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-15.80%	-16.17%
Max Drawdown (1Y) Largest decline over 1 year	-13.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.97%	—	—
Current Drawdown Current decline from peak	-7.87%	-8.07%	+0.20%
Average Drawdown Average peak-to-trough decline	-4.88%	-3.97%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	—	—

Volatility

Volatility by Period

	TDIV	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.52%	35.03%	-11.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.46%	35.03%	-14.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.73%	35.03%	-14.30%