Do AIQ and TCAI hold the same stocks?

By their latest filings, 7% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, AIQ or TCAI?

AIQ has 62% of its weight in S&P 500 names and TCAI has 60%, so TCAI differs more from the index.

Which is cheaper, AIQ or TCAI?

AIQ charges 0.68% a year and TCAI charges 0.65%, so TCAI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AIQ vs TCAI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, AIQ returned +16.2% to TCAI's +7.5%; 7% of their weight is in the same names.

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Net assets: $10.6bn on Oct 12, 2026 for Global X Artificial Intelligence & Technology ETF, and $230m on Aug 31, 2026 for Tortoise AI Infrastructure ETF.

AIQ on its own →TCAI on its own →

At a glance

61.8%

AIQ in the S&P 500

60.4%

TCAI in the S&P 500

+16.2%

AIQ total return, 1 year

+7.5%

TCAI total return, 1 year

AIQ · 1 year to Nov 4, 2026 38% of its weight is outside the S&P 500

62% of AIQ's weight is in S&P 500 companies and 38% is outside the index. Holdings as of Aug 31, 2026.

TCAI · 1 year to Nov 4, 2026 40% of its weight is outside the S&P 500

60% of TCAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

TCAI costs 0.03 points a year less; their one-year returns differ by 8.7 points.

AIQ vs TCAI: Holdings Overlap & Returns
Measure	AIQ	TCAI
Return
Measure	AIQ	TCAI
Total return, 1 year	+16.2%	+7.5%
Drawdown
Measure	AIQ	TCAI
Below its all-time high	14.6%, high on Jun 2, 2026	39.3%, high on Jun 22, 2026
Benchmark
Measure	AIQ	TCAI
What it tracks	Artificial intelligence	AI infrastructure and chips
Cost and size
Measure	AIQ	TCAI
Expense ratio	0.68%	0.65%
Net assets, AIQ as of Oct 12, 2026 and TCAI as of Aug 31, 2026	$10.6bn	$230m
Holdings
Measure	AIQ	TCAI
Holdings in common	7%

ETFIQ S&P 500 Difference Score · TCAI scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score12.7AIQ65.4TCAI

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

AIQ 12.7

TCAI 65.4

0.4, the lowest in this set 99.6, the highest

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Method

Risk and return

Aug 15, 2025 to Oct 30, 2026 · 63 weekly returns

AIQ TCAI

Return

Total return edge TCAI +33.1% +54.1%

Annualized edge TCAI +26.6% +42.9%

Price return edge TCAI +33.0% +54.0%

Risk

Volatility edge AIQ 25.9% 36.7%

Max drawdown edge AIQ −14.3% −33.9%

Risk-adjusted

Sharpe edge TCAI 0.89 1.06

Sortino edge TCAI (slight) 1.42 1.51

Calmar edge AIQ 1.87 1.27

Reading

From Aug 2025 to Oct 2026, TCAI returned more: +54.1% to +33.1%. AIQ swung less: 25.9% to 36.7%. AIQ fell less at its worst: −14.3% to −33.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: AIQ vs TCAI: Holdings Overlap & Returns
Measure	AIQ	TCAI	Edge	How it is measured
Return
Total return	+33.1%	+54.1%	TCAI	Price change plus distributions, reinvested.
Annualized	+26.6%	+42.9%	TCAI	Total return as a yearly rate.
Price return	+33.0%	+54.0%	TCAI	Price change alone, distributions left out.
Risk
Volatility	25.9%	36.7%	AIQ	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	16.2%	25.7%	AIQ	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−14.3%	−33.9%	AIQ	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.89	1.06	TCAI	Return above Treasury bills per unit of volatility.
Sortino	1.42	1.51	TCAI (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	1.87	1.27	AIQ	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 63 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, AIQ and TCAI hold 7% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first AIQ TCAI

MICRON TECHNOLOGY, INC. 2.64% 5.29%

SK hynix Inc. 2.55% 2.15%

NVIDIA CORPORATION 2.88% 0.74%

Infineon Technologies AG 0.68% 1.57%

HEWLETT PACKARD ENTERPRISE COMPANY 0.54% 2.38%

CELESTICA INC. 0.27% 0.40%

HUT 8 CORP. 0.18% 1.54%

Only in one fund ↓

Only in AIQ

PALANTIR TECHNOLOGIES INC. 4.12%

MICROSOFT CORPORATION 3.62%

ORACLE CORPORATION 3.39%

SPACE EXPLORATION TECHNOLOGIES CORP. 3.31%

NETFLIX, INC. 3.21%

TESLA, INC. 3.14%

AMAZON.COM, INC. 3.03%

ALPHABET INC. 2.91%

Only in TCAI

Dell Technologies Inc 6.37%

Vertiv Holdings Co 5.59%

Sandisk Corp 4.25%

Ciena Corp 4.01%

Seagate Technology Holdings PL 3.83%

Quanta Services Inc 3.64%

nVent Electric PLC 3.42%

Western Digital Corp 3.18%

Check overlap with more funds →

Window by window

Window by window: AIQ vs TCAI: Holdings Overlap & Returns
	Total return
Window	AIQ	TCAI
3 months	−4.0%	−25.9%
6 months	−0.7%	−28.8%
1 year	+16.2%	+7.5%
3 years	+117.7%	–
Since launchNot the same days: AIQ May 2018 · TCAI Aug 2025	+309.8%	+40.4%

– means no data for this window. Open this comparison in the app →

Side by side

AIQ Global X Artificial Intelligence & Technology ETF · Holds 88 stocks in artificial intelligence, 62% of its weight in S&P 500 companies TCAI Tortoise AI Infrastructure ETF · Holds 46 stocks in aI infrastructure and chips, 60% of its weight in S&P 500 companies

Issuer Global X Tortoise

Theme Artificial intelligence AI infrastructure and chips

In the S&P 500 61.8% 60.4%

Active share vs the S&P 500 68.8% 93.3%

In the Nasdaq-100 55.5% 25.7%

Holdings 88 46

Top ten, share of the fund 32.4% 42.6%

Expense ratio 0.68% 0.65%

Fee for the differing part 0.99% 0.70%

Total return, 1 year +16.2% +7.5%

vs its benchmark not measured not measured

Below its high −14.6% −39.3%

Net assets, AIQ as of Oct 12, 2026 and TCAI as of Aug 31, 2026 $10.6bn $230m

As of Nov 4, 2026. Source: ETFIQ.

7% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

AIQ

By weight, 62% of AIQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 32% of the fund across 88 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +16.2% with distributions reinvested. It sits 14.6% below its all-time high of Jun 2, 2026.

TCAI

By weight, 60% 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 43% of the fund across 46 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +7.5% with distributions reinvested. It sits 39.3% below its all-time high of Jun 22, 2026.

Questions people ask

Do AIQ and TCAI hold the same stocks?: By their latest filings, 7% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, AIQ or TCAI?: AIQ has 62% of its weight in S&P 500 names and TCAI has 60%, so TCAI differs more from the index.
Which is cheaper, AIQ or TCAI?: AIQ charges 0.68% a year and TCAI charges 0.65%, so TCAI is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIQ vs IVEP AIQ vs COOL AIQ vs AINF AIQ vs CHPX TCAI vs BAI TCAI vs ARTY TCAI vs CHAT TCAI vs IGPT

Where to next

AIQ on its own →TCAI on its own →AIQ dividend history →AIQ holdings →TCAI dividend history →TCAI holdings →Method →Standards and sources →

Sources and dates

AIQ filings on SEC EDGAR ↗

AIQ prospectus with the expense ratio (SEC) ↗

Global X page for AIQ ↗

TCAI filings on SEC EDGAR ↗

TCAI prospectus with the expense ratio (SEC) ↗

Tortoise website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, AIQ against TCAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aiq-vs-tcai

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