Data as of .
JHAI vs TCAI: which is really different?
JHAI and TCAI hold 14% of their weight in the same names, and TCAI returned more over the year.
ETFIQ Off-Index Score: TCAI scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
14% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, JHAI and TCAI hold 14% of their money in the same securities at the same weight.
| Holding | JHAI | TCAI |
|---|---|---|
| Micron Technology, Inc. | 3.71% | 7.64% |
| Vertiv Holdings Co. | 2.07% | 4.48% |
| Nebius Group NV | 2.05% | 1.55% |
| GE Vernova, Inc. | 1.65% | 1.12% |
| Amphenol Corp. | 1.53% | 1.11% |
| Constellation Energy Corp. | 1.06% | 2.70% |
| Arista Networks, Inc. | 0.94% | 1.71% |
| Lumentum Holdings, Inc. | 2.22% | 0.86% |
| Vistra Corp. | 0.72% | 1.13% |
| NVIDIA Corp. | 14.16% | 0.59% |
| Only in JHAI | Only in TCAI |
|---|---|
| Taiwan Semiconductor Manufacturing Co. L 16.38% | Dell Technologies Inc 8.94% |
| Broadcom, Inc. 6.48% | Seagate Technology Holdings PL 5.77% |
| Amazon.com, Inc. 5.09% | Western Digital Corp 5.14% |
| Alphabet, Inc. 4.73% | Ciena Corp 5.10% |
| Lam Research Corp. 4.05% | Quanta Services Inc 3.58% |
| Microsoft Corp. 3.42% | Sandisk Corp/DE 3.47% |
| KLA Corp. 3.01% | MYR Group Inc 3.29% |
| ASML Holding NV 2.52% | nVent Electric PLC 3.18% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| JHAI | TCAI | JHAI | TCAI | JHAI | TCAI | |
| 3 months | −6.7% | −16.4% | −8.9 pts | −18.6 pts | −4.2 pts | −13.9 pts |
| 6 months | +31.2% | +34.7% | +13.2 pts | +16.7 pts | +7.0 pts | +10.5 pts |
| 1 year | +27.2% | +67.6% | +10.7 pts | +51.0 pts | +5.5 pts | +45.8 pts |
| Since launch | +38.2% | +88.8% | +17.2 pts | +65.8 pts | +10.1 pts | +59.4 pts |
| JHAI Janus Henderson Global Artificial Intelligence ETF Holds 46 stocks in artificial intelligence, 72% of its weight in S&P 500 companies | TCAI Tortoise AI Infrastructure ETF Holds 43 stocks in aI infrastructure and chips, 63% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Janus Henderson | Tortoise |
| Theme | Artificial intelligence | AI infrastructure and chips |
| In the S&P 500 | 71.8% | 63.2% |
| Active share vs the S&P 500 | 70.0% | 92.7% |
| In the Nasdaq-100 | 61.6% | 26.2% |
| Holdings | 46 | 43 |
| Top ten, share of the fund | 63.6% | 50.6% |
| Expense ratio | 0.59% | 0.65% |
| Fee for the differing part | 0.84% | 0.70% |
| Total return, 1 year | +27.2% | +67.6% |
| vs the S&P 500 | +10.7 pts | +51.0 pts |
| vs the Nasdaq-100 | +5.5 pts | +45.8 pts |
| Below its high | −7.4% | −18.4% |
| Net assets | $21m | $217m |
JHAI in plain words
By weight, 72% of JHAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 70%. The top ten holdings are 64% of the fund across 46 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +27.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 10.7 pts. It sits 7.4% below its all-time high of Jun 30, 2026.
TCAI in plain words
By weight, 63% 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 51% of the fund across 43 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned +67.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 51.0 pts. It sits 18.4% below its all-time high of Jun 22, 2026.
Questions people ask
- Do JHAI and TCAI hold the same stocks?
- By their latest filings, 14% of their books are the same securities at the same weight, which is mostly different names. 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 72% of its weight in S&P 500 names and TCAI has 63%, 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, JHAI against TCAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/jhai-vs-tcai Free to use with attribution; the underlying files are at Open data.