Do JHAI 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.

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

JHAI has 68% of its weight in S&P 500 names and TCAI has 60%, so TCAI differs more from the index.

Which is cheaper, JHAI or TCAI?

JHAI charges 0.59% a year and TCAI charges 0.65%, so JHAI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

JHAI vs TCAI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, JHAI returned +10.9% to TCAI's +7.5%; 19% of their weight is in the same names.

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Net assets: $23m on Jul 31, 2026 for Janus Henderson Global Artificial Intelligence ETF, and $230m on Aug 31, 2026 for Tortoise AI Infrastructure ETF.

JHAI on its own →TCAI on its own →

At a glance

68.3%

JHAI in the S&P 500

60.4%

TCAI in the S&P 500

+10.9%

JHAI total return, 1 year

+7.5%

TCAI total return, 1 year

JHAI · 1 year to Nov 4, 2026 32% of its weight is outside the S&P 500

68% of JHAI's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Jul 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

JHAI costs 0.06 points a year less; their one-year returns differ by 3.4 points.

Points (pts) are percentage points.

JHAI vs TCAI: Holdings Overlap & Returns
Measure	JHAI	TCAI
Return
Measure	JHAI	TCAI
Total return, 1 year	+10.9%	+7.5%
Drawdown
Measure	JHAI	TCAI
Below its all-time high	16.4%, high on Jun 30, 2026	39.3%, high on Jun 22, 2026
Against its benchmark
Measure	JHAI	TCAI
What it tracks	Artificial intelligence	AI infrastructure and chips
Against the S&P 500, 1 year	behind by 3.9 pts
Its benchmark, total return, 1 year	+14.8%
Against its benchmark, 1 year	behind by 3.9 pts
Cost and size
Measure	JHAI	TCAI
Expense ratio	0.59%	0.65%
Net assets, JHAI as of Jul 31, 2026 and TCAI as of Aug 31, 2026	$23m	$230m
Holdings
Measure	JHAI	TCAI
Holdings in common	19%

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 Score11.8JHAI65.4TCAI

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

JHAI 11.8

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

What they share

19%

By the books each fund has filed, JHAI and TCAI hold 19% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

19% in common

Positions both hold · largest shared weight first JHAI TCAI

Micron Technology, Inc. 5.39% 5.29%

Nebius Group NV 3.00% 2.56%

Lumentum Holdings, Inc. 2.30% 1.88%

GE Vernova, Inc. 1.68% 3.05%

Seagate Technology Holdings plc 1.60% 3.83%

Arista Networks, Inc. 1.49% 2.49%

Amphenol Corp. 1.74% 1.41%

Vertiv Holdings Co. 1.32% 5.59%

NVIDIA Corp. 13.43% 0.74%

Forgent Power Solutions, Inc. 0.71% 0.96%

Constellation Energy Corp. 0.29% 3.07%

Innio NV 0.28% 0.80%

Only in one fund ↓

Only in JHAI

Taiwan Semiconductor Manufacturing Co. Ltd. 15.27%

Broadcom, Inc. 5.52%

Microsoft Corp. 5.25%

Lam Research Corp. 4.21%

Amazon.com, Inc. 4.07%

ASML Holding NV 3.56%

Advanced Micro Devices, Inc. 2.99%

KLA Corp. 2.88%

Only in TCAI

Dell Technologies Inc 6.37%

Sandisk Corp 4.25%

Ciena Corp 4.01%

Quanta Services Inc 3.64%

nVent Electric PLC 3.42%

Western Digital Corp 3.18%

Cipher Digital Inc 3.00%

MasTec Inc 2.77%

Check overlap with more funds →

Window by window

Window by window: JHAI vs TCAI: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	JHAI	TCAI	JHAI	TCAI
3 months	−9.6%	−25.9%	−9.5 pts vs VOO	not measured
6 months	−4.8%	−28.8%	−9.8 pts vs VOO	not measured
1 year	+10.9%	+7.5%	−3.9 pts vs VOO	not measured
Since launchNot the same days: JHAI Aug 2025 · TCAI Aug 2025	+24.8%	+40.4%	+2.9 pts vs VOO	not measured

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Side by side

JHAI Janus Henderson Global Artificial Intelligence ETF · Holds 47 stocks in artificial intelligence, 68% 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 Janus Henderson Tortoise

Theme Artificial intelligence AI infrastructure and chips

In the S&P 500 68.3% 60.4%

Active share vs the S&P 500 68.1% 93.3%

In the Nasdaq-100 64.6% 25.7%

Holdings 47 46

Top ten, share of the fund 62.7% 42.6%

Expense ratio 0.59% 0.65%

Fee for the differing part 0.87% 0.70%

Total return, 1 year +10.9% +7.5%

vs its benchmark −3.9 pts vs VOO not measured

Below its high −16.4% −39.3%

Net assets, JHAI as of Jul 31, 2026 and TCAI as of Aug 31, 2026 $23m $230m

As of Nov 4, 2026. Source: ETFIQ.

19% of the two portfolios are the same securities at the same weight.

Alert

About each fund

JHAI

By weight, 68% of JHAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 68%. The top ten holdings are 63% of the fund across 47 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +10.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 3.9 pts. It sits 16.4% below its all-time high of Jun 30, 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 JHAI 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.
Which is more different from the S&P 500, JHAI or TCAI?: JHAI has 68% of its weight in S&P 500 names and TCAI has 60%, so TCAI differs more from the index.
Which is cheaper, JHAI or TCAI?: JHAI charges 0.59% a year and TCAI charges 0.65%, so JHAI is cheaper. Fees come from each fund's prospectus.

Other comparisons

JHAI vs AIHY JHAI vs AIPO JHAI vs CGPT JHAI vs AINF TCAI vs AGIQ TCAI vs AINT TCAI vs AIUP TCAI vs AIX

Where to next

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

Sources and dates

JHAI filings on SEC EDGAR ↗

JHAI prospectus with the expense ratio (SEC) ↗

Janus Henderson website ↗

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

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