Data as of Nov 4, 2026.
IGPT vs TCAI: Holdings Overlap & Returns
Over the year to Nov 4, 2026, IGPT returned +38.1% to TCAI's +7.5%; 19% of their weight is in the same names.
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Net assets: $1.2bn on Nov 3, 2026 for Invesco AI and Next Gen Software ETF, and $230m on Aug 31, 2026 for Tortoise AI Infrastructure ETF.
75% of IGPT's weight is in S&P 500 companies and 25% is outside the index. Holdings as of Nov 3, 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
IGPT costs 0.08 points a year less; their one-year returns differ by 30.6 points.
| Measure | IGPT | TCAI |
|---|---|---|
| Return | ||
| Total return, 1 year | +38.1% | +7.5% |
| Drawdown | ||
| Below its all-time high | 24.4%, high on Jun 22, 2026 | 39.3%, high on Jun 22, 2026 |
| Benchmark | ||
| What it tracks | Artificial intelligence | AI infrastructure and chips |
| Cost and size | ||
| Expense ratio | 0.57% | 0.65% |
| Net assets, IGPT as of Nov 3, 2026 and TCAI as of Aug 31, 2026 | $1.2bn | $230m |
| Holdings | ||
| Holdings in common | 19% | |
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, IGPT returned more: +63.7% to +54.1%. IGPT swung slightly less: 35.6% to 36.7%. IGPT fell less at its worst: −21.3% to −33.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IGPT | TCAI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +63.7% | +54.1% | IGPT | Price change plus distributions, reinvested. |
| Annualized | +50.2% | +42.9% | IGPT | Total return as a yearly rate. |
| Price return | +63.7% | +54.0% | IGPT | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 35.6% | 36.7% | IGPT (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 22.1% | 25.7% | IGPT | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −21.3% | −33.9% | IGPT | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.22 | 1.06 | IGPT | Return above Treasury bills per unit of volatility. |
| Sortino | 1.95 | 1.51 | IGPT | Return above Treasury bills per unit of downside deviation. |
| Calmar | 2.35 | 1.27 | IGPT | 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, IGPT and TCAI hold 19% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
19% in common
Only in one fund ↓
Window by window
| Total return | ||
|---|---|---|
| Window | IGPT | TCAI |
| 3 months | −11.3% | −25.9% |
| 6 months | −5.9% | −28.8% |
| 1 year | +38.1% | +7.5% |
| 3 years | +144.2% | – |
| Since launchNot the same days: IGPT Jun 2005 · TCAI Aug 2025 | +1,650.8% | +40.4% |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
19% of the two portfolios are the same securities at the same weight.
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IGPT
By weight, 75% of IGPT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 79%. The top ten holdings are 58% of the fund across 101 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +38.1% with distributions reinvested. It sits 24.4% 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 IGPT and TCAI hold the same stocks?
- By their latest filings, 19% 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.
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ETFIQ, IGPT against TCAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/igpt-vs-tcai
ETFIQ. (Nov 4, 2026). IGPT against TCAI. Retrieved from https://etfiq.com/compare/themes/igpt-vs-tcai
[IGPT against TCAI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/igpt-vs-tcai)
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