Do AIS and TCAI hold the same stocks?

By their latest filings, 25% 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, AIS or TCAI?

AIS has 40% of its weight in S&P 500 names and TCAI has 60%, so TCAI differs more from the index.

Which is cheaper, AIS or TCAI?

AIS charges 0.75% 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

AIS vs TCAI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, AIS returned +44.0% to TCAI's +7.5%; 25% of their weight is in the same names.

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Net assets: $940m on Nov 4, 2026 for VistaShares Artificial Intelligence Supercycle ETF, and $230m on Aug 31, 2026 for Tortoise AI Infrastructure ETF.

AIS on its own →TCAI on its own →

At a glance

40.5%

AIS in the S&P 500

60.4%

TCAI in the S&P 500

+44.0%

AIS total return, 1 year

+7.5%

TCAI total return, 1 year

AIS · 1 year to Nov 4, 2026 60% of its weight is outside the S&P 500

41% of AIS's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Nov 4, 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 0.10 points a year less; their one-year returns differ by 36.5 points.

Points (pts) are percentage points.

AIS vs TCAI: Holdings Overlap & Returns
Measure	AIS	TCAI
Return
Measure	AIS	TCAI
Total return, 1 year	+44.0%	+7.5%
Drawdown
Measure	AIS	TCAI
Below its all-time high	37.0%, high on Jun 22, 2026	39.3%, high on Jun 22, 2026
Against its benchmark
Measure	AIS	TCAI
What it tracks	Artificial intelligence	AI infrastructure and chips
Against the S&P 500, 1 year	ahead by 29.2 pts
Its benchmark, total return, 1 year	+14.8%
Against its benchmark, 1 year	ahead by 29.2 pts
Cost and size
Measure	AIS	TCAI
Expense ratio	0.75%	0.65%
Net assets, AIS as of Nov 4, 2026 and TCAI as of Aug 31, 2026	$940m	$230m
Holdings
Measure	AIS	TCAI
Holdings in common	25%

Method

Risk and return

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

AIS TCAI

Return

Total return edge AIS +97.4% +54.1%

Annualized edge AIS +75.3% +42.9%

Price return edge AIS +97.4% +54.0%

Risk

Volatility edge TCAI 41.2% 36.7%

Max drawdown edge AIS −30.4% −33.9%

Risk-adjusted

Sharpe edge AIS 1.48 1.06

Sortino edge AIS 2.25 1.51

Calmar edge AIS 2.48 1.27

Reading

From Aug 2025 to Oct 2026, AIS returned more: +97.4% to +54.1%. TCAI swung less: 36.7% to 41.2%. AIS fell less at its worst: −30.4% to −33.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: AIS vs TCAI: Holdings Overlap & Returns
Measure	AIS	TCAI	Edge	How it is measured
Return
Total return	+97.4%	+54.1%	AIS	Price change plus distributions, reinvested.
Annualized	+75.3%	+42.9%	AIS	Total return as a yearly rate.
Price return	+97.4%	+54.0%	AIS	Price change alone, distributions left out.
Risk
Volatility	41.2%	36.7%	TCAI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	27.1%	25.7%	TCAI (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−30.4%	−33.9%	AIS	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.48	1.06	AIS	Return above Treasury bills per unit of volatility.
Sortino	2.25	1.51	AIS	Return above Treasury bills per unit of downside deviation.
Calmar	2.48	1.27	AIS	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

25%

By the books each fund has filed, AIS and TCAI hold 25% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

25% in common

Positions both hold · largest shared weight first AIS TCAI

Micron Technology Inc 7.23% 5.29%

Vertiv Holdings Co 3.41% 5.59%

GE Vernova Inc 2.95% 3.05%

Arista Networks Inc 2.24% 2.49%

SK hynix Inc 8.20% 2.15%

Seagate Technology Holdings PLC 2.04% 3.83%

Sandisk Corp 1.42% 4.25%

Western Digital Corp 1.05% 3.18%

Credo Technology Group Holding Ltd 0.83% 2.12%

Hewlett Packard Enterprise Co 0.76% 2.38%

NVIDIA Corp 2.35% 0.74%

Coherent Corp 0.71% 1.50%

Only in one fund ↓

Only in AIS

Advanced Micro Devices Inc 6.19%

Taiwan Semiconductor Manufacturing Co Ltd 4.24%

Semtech Corp 3.60%

MARVELL TECHNOLOGY INC 3.37%

Foxconn Industrial Internet Co Ltd 2.48%

Silicon Motion Technology Corp 2.46%

Samsung Electronics Co Ltd 2.36%

Intel Corp 2.31%

Only in TCAI

Dell Technologies Inc 6.37%

Ciena Corp 4.01%

Quanta Services Inc 3.64%

nVent Electric PLC 3.42%

Constellation Energy Corp 3.07%

Cipher Digital Inc 3.00%

MasTec Inc 2.77%

Nebius Group NV 2.56%

Check overlap with more funds →

Window by window

Window by window: AIS vs TCAI: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	AIS	TCAI	AIS	TCAI
3 months	−18.7%	−25.9%	−18.6 pts vs VOO	not measured
6 months	−15.7%	−28.8%	−20.7 pts vs VOO	not measured
1 year	+44.0%	+7.5%	+29.2 pts vs VOO	not measured
Since launchNot the same days: AIS Dec 2024 · TCAI Aug 2025	+122.2%	+40.4%	+92.2 pts vs VOO	not measured

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Side by side

AIS VistaShares Artificial Intelligence Supercycle ETF · Holds 57 stocks in artificial intelligence, 40% 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 VistaShares Tortoise

Theme Artificial intelligence AI infrastructure and chips

In the S&P 500 40.5% 60.4%

Active share vs the S&P 500 88.4% 93.3%

In the Nasdaq-100 33.1% 25.7%

Holdings 57 46

Top ten, share of the fund 44.1% 42.6%

Expense ratio 0.75% 0.65%

Fee for the differing part 0.85% 0.70%

Total return, 1 year +44.0% +7.5%

vs its benchmark +29.2 pts vs VOO not measured

Below its high −37.0% −39.3%

Net assets, AIS as of Nov 4, 2026 and TCAI as of Aug 31, 2026 $940m $230m

As of Nov 4, 2026. Source: ETFIQ.

25% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

AIS

By weight, 40% of AIS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 88%. The top ten holdings are 44% of the fund across 57 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +44.0% with distributions reinvested against +14.8% for its benchmark, the S&P 500 TR, so a holder was ahead by 29.2 pts. It sits 37.0% below its all-time high of Jun 22, 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 AIS and TCAI hold the same stocks?: By their latest filings, 25% 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, AIS or TCAI?: AIS has 40% of its weight in S&P 500 names and TCAI has 60%, so TCAI differs more from the index.
Which is cheaper, AIS or TCAI?: AIS charges 0.75% a year and TCAI charges 0.65%, so TCAI is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIS vs IVEP AIS vs COOL AIS vs CGPT AIS vs AINF TCAI vs ALAI TCAI vs THNQ TCAI vs KOID TCAI vs JHAI

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AIS on its own →TCAI on its own →AIS holdings →TCAI dividend history →TCAI holdings →Method →Standards and sources →

Sources and dates

AIS filings on SEC EDGAR ↗

AIS prospectus with the expense ratio (SEC) ↗

VistaShares page for AIS ↗

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

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

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.