THNQ vs. TCAI

Last updated Aug 2, 2026

THNQ (ROBO Global Artificial Intelligence ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Artificial Intelligence funds. THNQ is passively managed, while TCAI is actively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. THNQ charges 0.68%/yr vs 0.65%/yr for TCAI.

Performance

THNQ vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ROBO Global Artificial Intelligence ETF (THNQ) and Tortoise AI Infrastructure ETF (TCAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THNQ achieves a 33.15% return, which is significantly lower than TCAI's 55.27% return.

THNQ

• 1D: 1.65%
• 1M: -4.13%
• 6M: 31.35%
• YTD: 33.15%
• 1Y: 55.63%
• 3Y*: 30.82%
• 5Y*: 14.49%
• 10Y*: —
• ALL TIME*: 21.75%

TCAI

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TCAI Tortoise AI Infrastructure ETF	$4.79M	$5.54M	$6.96M
THNQ ROBO Global Artificial Intelligence ETF	$1.82M	$1.71M	$2.47M

THNQ vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
THNQ ROBO Global Artificial Intelligence ETF	33.15%	14.60%
TCAI Tortoise AI Infrastructure ETF	55.27%	17.27%

Correlation

The correlation between THNQ and TCAI is 0.76, 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	0.76

THNQ vs. TCAI - Sectors Allocation Comparison

Sectors	THNQ	TCAI
Technology	78.5%	44.4%
Consumer Cyclical	11.1%	2.1%
Communication Services	4.3%	2.2%
Healthcare	3.8%	-
Industrials	1.3%	30.5%
Real Estate	1.3%	0.6%
Financial Services	0.9%	7.2%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	3.9%
Utilities	-	9.8%

Return for Risk

THNQ vs. TCAI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

THNQ

THNQ Risk / Return Rank: 71
THNQ Sharpe Ratio Rank: 75
THNQ Sortino Ratio Rank: 70
THNQ Omega Ratio Rank: 66
THNQ Calmar Ratio Rank: 78
THNQ Martin Ratio Rank: 66

TCAI

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

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.

THNQ vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ROBO Global Artificial Intelligence ETF (THNQ) 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.

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.

	THNQ	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	1.70	—	—
Sortino ratio: Return per unit of downside risk	2.26	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.78	—	—
Martin ratio: Return relative to average drawdown	7.92	—	—

Drawdowns

THNQ vs. TCAI - Drawdown Comparison

The maximum THNQ drawdown since its inception was -50.56%, which is greater than TCAI's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for THNQ and TCAI.

Drawdown Indicators

	THNQ	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-50.56%	-28.82%	-21.74%
Max Drawdown (1Y) Largest decline over 1 year	-18.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.56%	—	—
Current Drawdown Current decline from peak	-9.60%	-20.91%	+11.31%
Average Drawdown Average peak-to-trough decline	-14.88%	-4.71%	-10.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.45%	—	—

Volatility

Volatility by Period

	THNQ	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.08%	41.71%	-11.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.80%	41.71%	-11.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.97%	41.71%	-12.74%

THNQ vs. TCAI - Expense Ratio Comparison

THNQ has a 0.68% expense ratio, which is higher than TCAI's 0.65% expense ratio.

Dividends

THNQ vs. TCAI - Dividend Comparison

THNQ's dividend yield for the trailing twelve months is around 0.15%, more than TCAI's 0.03% yield.

Position	TTM	2025
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%
THNQ ROBO Global Artificial Intelligence ETF	0.15%	0.20%

Frequently Asked Questions

Can I hold both THNQ and TCAI in my portfolio?

THNQ and TCAI have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, THNQ or TCAI?

On fees, TCAI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, THNQ or TCAI?

TCAI is cheaper with a 0.65% expense ratio, compared with 0.68% for THNQ.

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

THNQ has the higher dividend yield at 0.15%, compared with 0.03% for TCAI.

What is the main difference between THNQ and TCAI?

They also come from different issuers: Exchange Traded Concepts and Tortoise. Their fees differ too: 0.68% for THNQ and 0.65% for TCAI.