Data as of Nov 4, 2026.
ALAI vs TCAI: Holdings Overlap & Returns
Over the year to Nov 4, 2026, ALAI returned +9.9% to TCAI's +7.5%; 15% of their weight is in the same names.
askIQ about this page
askIQ about ALAI and TCAI
Net assets: $451m on Jun 30, 2026 for Alger AI Enablers & Adopters ETF, and $230m on Aug 31, 2026 for Tortoise AI Infrastructure ETF.
60% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.
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
ALAI costs 0.07 points a year less; their one-year returns differ by 2.4 points.
Points (pts) are percentage points.
| Measure | ALAI | TCAI |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.9% | +7.5% |
| Drawdown | ||
| Below its all-time high | 15.2%, high on Oct 6, 2026 | 39.3%, high on Jun 22, 2026 |
| Against its benchmark | ||
| What it tracks | Artificial intelligence | AI infrastructure and chips |
| Against the S&P 500, 1 year | behind by 4.9 pts | |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | behind by 4.9 pts | |
| Cost and size | ||
| Expense ratio | 0.58% | 0.65% |
| Net assets, ALAI as of Jun 30, 2026 and TCAI as of Aug 31, 2026 | $451m | $230m |
| Holdings | ||
| Holdings in common | 15% | |
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
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 →
Risk and return
Aug 15, 2025 to Oct 30, 2026 · 63 weekly returnsFrom Aug 2025 to Oct 2026, TCAI returned more: +54.1% to +24.2%. ALAI swung less: 24.7% to 36.7%. ALAI fell less at its worst: −16.5% to −33.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ALAI | TCAI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +24.2% | +54.1% | TCAI | Price change plus distributions, reinvested. |
| Annualized | +19.6% | +42.9% | TCAI | Total return as a yearly rate. |
| Price return | +22.4% | +54.0% | TCAI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.7% | 36.7% | ALAI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.8% | 25.7% | ALAI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −16.5% | −33.9% | ALAI | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.69 | 1.06 | TCAI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.08 | 1.51 | TCAI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.19 | 1.27 | TCAI (slight) | 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, ALAI and TCAI hold 15% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
15% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | ALAI | TCAI | ALAI | TCAI |
| 3 months | −9.3% | −25.9% | −9.2 pts vs VOO | not measured |
| 6 months | −3.5% | −28.8% | −8.5 pts vs VOO | not measured |
| 1 year | +9.9% | +7.5% | −4.9 pts vs VOO | not measured |
| Since launchNot the same days: ALAI Apr 2024 · TCAI Aug 2025 | +107.2% | +40.4% | +54.7 pts vs VOO | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
15% of the two portfolios are the same securities at the same weight.
Client brief:
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
ALAI
By weight, 60% of ALAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 65%. The top ten holdings are 52% of the fund across 79 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +9.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 4.9 pts. It sits 15.2% below its all-time high of Oct 6, 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 ALAI and TCAI hold the same stocks?
- By their latest filings, 15% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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.
Cite this pageCitation, APA and Markdown
ETFIQ, ALAI against TCAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/alai-vs-tcai
ETFIQ. (Nov 4, 2026). ALAI against TCAI. Retrieved from https://etfiq.com/compare/themes/alai-vs-tcai
[ALAI against TCAI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/alai-vs-tcai)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.