XPND vs. TCAI

Last updated Aug 4, 2026

XPND (First Trust Expanded Technology ETF) and TCAI (Tortoise AI Infrastructure ETF) are both exchange-traded funds - XPND is a Technology Equities fund actively managed by First Trust, while TCAI is a Artificial Intelligence fund actively managed by Tortoise. Both are actively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. 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 6.06% return, which is significantly lower than TCAI's 60.69% return.

XPND

• 1D: 1.23%
• 1M: -3.81%
• 6M: 7.94%
• YTD: 6.06%
• 1Y: 15.04%
• 3Y*: 22.06%
• 5Y*: 12.22%
• 10Y*: —
• ALL TIME*: 13.68%

TCAI

• 1D: 3.49%
• 1M: -4.18%
• 6M: 39.26%
• YTD: 60.69%
• 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	$4.59M	$5.30M	$6.77M
XPND First Trust Expanded Technology ETF	$71.00K	$148.72K	$150.95K

XPND vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
XPND First Trust Expanded Technology ETF	6.06%	6.47%
TCAI Tortoise AI Infrastructure ETF	60.69%	17.27%

Correlation

The correlation between XPND 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

XPND vs. TCAI - Sectors Allocation Comparison

Sectors	XPND	TCAI
Technology	77.5%	44.4%
Communication Services	13.3%	2.2%
Financial Services	9.2%	7.2%
Basic Materials	-	-
Consumer Cyclical	-	2.1%
Consumer Defensive	-	-
Energy	-	3.9%
Healthcare	-	-
Industrials	-	30.5%
Real Estate	-	0.6%
Utilities	-	9.8%

Return for Risk

XPND vs. TCAI — Risk / Return Rank

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

XPND

XPND Risk / Return Rank: 27
XPND Sharpe Ratio Rank: 29
XPND Sortino Ratio Rank: 28
XPND Omega Ratio Rank: 27
XPND Calmar Ratio Rank: 27
XPND Martin Ratio Rank: 27

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.

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.

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.

	XPND	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	0.70	—	—
Sortino ratio: Return per unit of downside risk	1.07	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.87	—	—
Martin ratio: Return relative to average drawdown	2.29	—	—

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 -28.82%. 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%	-28.82%	-9.18%
Max Drawdown (1Y) Largest decline over 1 year	-17.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.00%	—	—
Current Drawdown Current decline from peak	-9.58%	-18.15%	+8.57%
Average Drawdown Average peak-to-trough decline	-9.95%	-4.77%	-5.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.59%	—	—

Volatility

Volatility by Period

	XPND	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.61%	41.75%	-20.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.43%	41.75%	-17.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.20%	41.75%	-17.55%

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 0.08%, 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	0.08%	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 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 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 0.08%, compared with 0.03% for TCAI.

What is the main difference between XPND and TCAI?

XPND is categorized as Technology Equities, while TCAI is Artificial Intelligence. They also come from different issuers: First Trust and Tortoise.