Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

AIFD vs TCAI: which is really different?

AIFD and TCAI hold 13% of their weight in the same names, and TCAI returned more over the year.

TCW Artificial Intelligence ETF and Tortoise AI Infrastructure ETF.

77.7%AIFD in the S&P 500
63.2%TCAI in the S&P 500
+48.4%AIFD total return, 1 year
+67.6%TCAI total return, 1 year

ETFIQ Off-Index Score: TCAI scores higher

How much of it is not the index it is sold as an alternative to?

AIFD 6.5TCAI 28.50.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

AIFD22% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
78%22%of its weight in S&P 500 companiesoutside the S&P 500active share 74% · top ten 56% of the fund · 32 holdings filed Apr 30, 2026 · Nasdaq-100: 58% in78%22%in the S&P 500outsideactive share 74% · top ten 56% of the fund
TCAI37% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
63%37%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 93% · top ten 51% of the fund · 43 holdings filed May 31, 2026 · Nasdaq-100: 26% in63%37%in the S&P 500outsideactive share 93% · top ten 51% of the fund

13% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, AIFD and TCAI hold 13% of their money in the same securities at the same weight.

Positions AIFD and TCAI both hold, largest shared weight first
HoldingAIFDTCAI
VERTIV HOLDINGS CO-A5.00%4.48%
MICRON TECHNOLOGY INC4.20%7.64%
ARISTA NETWORKS INC6.08%1.71%
NEBIUS GROUP NV1.18%1.55%
LUMENTUM HOLDINGS INC7.23%0.86%
NVIDIA CORP7.32%0.59%
CELESTICA INC1.75%0.43%
Only in each
Only in AIFDOnly in TCAI
BROADCOM INC 6.80%Dell Technologies Inc 8.94%
ALPHABET INC-CL A 6.27%Seagate Technology Holdings PL 5.77%
MARVELL TECHNOLOGY INC 4.73%Western Digital Corp 5.14%
AMAZON.COM INC 4.42%Ciena Corp 5.10%
DIGITALOCEAN HOLDINGS INC 3.85%Quanta Services Inc 3.58%
PALO ALTO NETWORKS INC 3.63%Sandisk Corp/DE 3.47%
TAIWAN SEMICONDUCTOR-SP ADR 3.55%MYR Group Inc 3.29%
EATON CORP PLC 2.99%nVent Electric PLC 3.18%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.

Performance, window by window

AIFD and TCAI over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
AIFDTCAIAIFDTCAIAIFDTCAI
3 months−5.1%−16.4%−7.3 pts−18.6 pts−2.6 pts−13.9 pts
6 months+34.1%+34.7%+16.1 pts+16.7 pts+9.9 pts+10.5 pts
1 year+48.4%+67.6%+31.9 pts+51.0 pts+26.6 pts+45.8 pts
Since launch+105.1%+88.8%+53.3 pts+65.8 pts+39.3 pts+59.4 pts
Open the live comparison on ETFIQ
AIFD and TCAI on the same fields, as of Sep 18, 2026. Source: ETFIQ.
AIFD
TCW Artificial Intelligence ETF
Holds 32 stocks in artificial intelligence, 78% of its weight in S&P 500 companies
TCAI
Tortoise AI Infrastructure ETF
Holds 43 stocks in aI infrastructure and chips, 63% of its weight in S&P 500 companies
IssuerTCWTortoise
ThemeArtificial intelligenceAI infrastructure and chips
In the S&P 50077.7%63.2%
Active share vs the S&P 50073.7%92.7%
In the Nasdaq-10058.2%26.2%
Holdings3243
Top ten, share of the fund55.9%50.6%
Expense ratio0.75%0.65%
Fee for the differing part1.02%0.70%
Total return, 1 year+48.4%+67.6%
vs the S&P 500+31.9 pts+51.0 pts
vs the Nasdaq-100+26.6 pts+45.8 pts
Below its high−8.5%−18.4%
Net assets$107m$217m

AIFD in plain words

By weight, 78% of AIFD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 74%. The top ten holdings are 56% of the fund across 32 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +48.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 31.9 pts. It sits 8.5% below its all-time high of Jun 2, 2026.

TCAI in plain words

By weight, 63% of TCAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 51% of the fund across 43 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned +67.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 51.0 pts. It sits 18.4% below its all-time high of Jun 22, 2026.

Questions people ask

Do AIFD and TCAI hold the same stocks?
By their latest filings, 13% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, AIFD or TCAI?
AIFD has 78% of its weight in S&P 500 names and TCAI has 63%, so TCAI differs more from the index.
Which is cheaper, AIFD or TCAI?
AIFD charges 0.75% a year and TCAI charges 0.65%, so TCAI is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

AIFD against TCAI, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, AIFD against TCAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/aifd-vs-tcai Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources