XPND vs. TCAI

Last updated Jun 4, 2026

XPND (First Trust Expanded Technology ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Technology Equities funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.

Performance

XPND vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Expanded Technology ETF (XPND) 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, XPND achieves a 16.32% return, which is significantly lower than TCAI's 89.63% return.

XPND

• 1D: -0.83%
• 1M: 12.34%
• YTD: 16.32%
• 6M: 15.44%
• 1Y: 32.11%
• 3Y*: 28.18%
• 5Y*: —
• 10Y*: —

TCAI

• 1D: -0.27%
• 1M: 19.58%
• YTD: 89.63%
• 6M: 85.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XPND vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
XPND First Trust Expanded Technology ETF	16.32%	7.73%
TCAI Tortoise AI Infrastructure ETF	89.63%	17.77%

Correlation

The correlation between XPND and TCAI is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.72

XPND vs. TCAI - Sectors Allocation Comparison

Sectors	XPND	TCAI
Technology	76.5%	44.0%
Communication Services	15.7%	1.1%
Financial Services	5.9%	6.4%
Basic Materials	-	-
Consumer Cyclical	-	1.4%
Consumer Defensive	-	-
Energy	-	6.1%
Healthcare	-	-
Industrials	-	29.9%
Real Estate	-	0.6%
Utilities	-	11.1%

Return for Risk

XPND vs. TCAI — Risk / Return Rank

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

XPND

XPND Risk / Return Rank: 45
XPND Sharpe Ratio Rank: 53
XPND Sortino Ratio Rank: 50
XPND Omega Ratio Rank: 50
XPND Calmar Ratio Rank: 38
XPND Martin Ratio Rank: 36

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.

XPND vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Expanded Technology ETF (XPND) 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.

	XPND	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	1.81	—	—
Sortino ratio: Return per unit of downside risk	2.42	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	1.86	—	—
Martin ratio: Return relative to average drawdown	5.46	—	—
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

	XPND	TCAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	4.61	-3.92

Drawdowns

XPND vs. TCAI - Drawdown Comparison

The maximum XPND drawdown since its inception was -38.00%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for XPND and TCAI.

Drawdown Indicators

	XPND	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-38.00%	-15.80%	-22.20%
Max Drawdown (1Y) Largest decline over 1 year	-17.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.37%	—	—
Current Drawdown Current decline from peak	-0.83%	-0.27%	-0.56%
Average Drawdown Average peak-to-trough decline	-10.07%	-3.43%	-6.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.90%	—	—

Volatility

Volatility by Period

	XPND	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.86%	35.82%	-17.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.88%	35.82%	-11.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.88%	35.82%	-11.94%

XPND vs. TCAI - Expense Ratio Comparison

Both XPND and TCAI have an expense ratio of 0.65%.

Dividends

XPND vs. TCAI - Dividend Comparison

XPND's dividend yield for the trailing twelve months is around 0.09%, more than TCAI's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%
XPND First Trust Expanded Technology ETF	0.09%	0.08%	0.12%	0.18%	0.34%	0.02%

Frequently Asked Questions

Can I hold both XPND and TCAI in my portfolio?

XPND and TCAI have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XPND or TCAI?

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XPND or TCAI?

XPND and TCAI have the same expense ratio: 0.65% per year.

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

XPND has the higher dividend yield at 0.09%, compared with 0.03% for TCAI.

What is the main difference between XPND and TCAI?

They also come from different issuers: First Trust and Tortoise.