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Data as of Nov 12, 2026.

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LUMA vs TCAI: Holdings Overlap & Returns

Return, fees and overlap, side by side.

Return gap
+2.8 pts
3 months to Nov 12, 2026: TCAI ahead, total return
Fee gap
0.35 pts
A year: LUMA 1.00%, TCAI 0.65%, per filings dated Mar 30, 2026 and Jul 8, 2026
Overlap
6%
Share of the two books held in common, holdings dated Nov 11, 2026 and Aug 31, 2026
Net flow
–
Needs daily flows for both funds

Pair scorecard

TCAI costs 0.35 points a year less; TCAI is far larger, $266m against $10m.

Points (pts) are percentage points.

LUMA vs TCAI: Holdings Overlap & Returns
MeasureLUMATCAI
Return
Total return, 1 yearnot published+17.0%
Drawdown
Below its all-time high33.8%, high on Oct 6, 202637.0%, high on Jun 22, 2026
Benchmark
What it tracksAI infrastructure and chipsAI infrastructure and chips
Cost and size
Expense ratio1.00%0.65%
Net assets, as of Nov 11, 2026$10m$266m
Holdings
Holdings in common6%

Method

Key numbers
19.4%
LUMA in the S&P 500
60.4%
TCAI in the S&P 500
−23.5%
LUMA total return, since launch, Jul 15, 2026
+17.0%
TCAI total return, 1 year
LUMA · 3 months to Nov 12, 2026 81% of its weight is outside the S&P 500
81% of its weight is outside the S&P 50019% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.19%81%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 55% of the fund · 27 holdings as published by its issuer for Nov 11, 2026 · Nasdaq-100: 9% in81% of its weight is outside the S&P 50019% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.19%81%inoutside the S&P 500active share 99% · Nasdaq-100: 9% in

19% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.

TCAI · 1 year to Nov 12, 2026 40% of its weight is outside the S&P 500
40% of its weight is outside the S&P 50060% of TCAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Aug 31, 2026.60%40%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 93% · top ten 43% of the fund · 46 holdings as filed for Aug 31, 2026 · Nasdaq-100: 26% in40% of its weight is outside the S&P 50060% of TCAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Aug 31, 2026.60%40%in the S&P 500outsideactive share 93% · Nasdaq-100: 26% in

60% of TCAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Aug 31, 2026.

What they share

6%

By the books each fund has filed, LUMA and TCAI hold 6% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 11, 2026.

0 half 100%

half

6% in common

Positions both hold · largest shared weight first LUMA TCAI
CIENA CORP 2.47% 4.01%
LUMENTUM HOLDINGS INC 4.74% 1.88%
COHERENT CORP 5.72% 1.50%
Only in one fund ↓
Only in LUMA
AYAR LABS INC 9.61%
MACOM TECHNOLOGY SOLUTIONS H 5.72%
AIXTRON SE 5.65%
LAND MARK OPTOELECTRONICS 5.31%
EOPTOLINK TECHNOLOGY INC L-A 4.71%
TOWER SEMICONDUCTOR LTD 4.61%
ZHONGJI INNOLIGHT CO LTD-A 4.45%
S.O.I.T.E.C. 4.19%
Only in TCAI
Dell Technologies Inc 6.37%
Vertiv Holdings Co 5.59%
Micron Technology Inc 5.29%
Sandisk Corp 4.25%
Seagate Technology Holdings PL 3.83%
Quanta Services Inc 3.64%
nVent Electric PLC 3.42%
Western Digital Corp 3.18%
Check overlap with more funds →

Window by window

Window by window: LUMA vs TCAI: Holdings Overlap & Returns
Total returnvs its benchmark
WindowLUMATCAILUMATCAI
3 months−29.0%−26.2%−20.7 pts vs EEMnot measured
6 months–−27.2%–not measured
1 year–+17.0%–not measured
Since launchNot the same days: LUMA Jul 2026 · TCAI Aug 2025−23.5%+45.6%−16.7 pts vs EEMnot measured

– means no data for this window. Open this comparison in the app →

Side by side

LUMA KraneShares Photonic and Optical ETF · Holds 27 stocks in aI infrastructure and chips, 19% 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 KraneShares Tortoise
Theme AI infrastructure and chips AI infrastructure and chips
In the S&P 500 19.4% 60.4%
Active share vs the S&P 500 99.0% 93.3%
In the Nasdaq-100 8.6% 25.7%
Holdings 27 46
Top ten, share of the fund 54.7% 42.6%
Expense ratio 1.00% 0.65%
Fee for the differing part 1.01% 0.70%
Total return, 1 year −23.5% (since launch, Jul 15, 2026) +17.0%
vs its benchmark −16.7 pts vs EEM (since launch, Jul 15, 2026) not measured
Below its high −33.8% −37.0%
Net assets, LUMA as of Nov 11, 2026 and TCAI as of Nov 12, 2026 $10m $263m

As of Nov 12, 2026. Source: ETFIQ.

6% of the two portfolios are the same securities at the same weight.

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About each fund
LUMA

By weight, 19% of LUMA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 55% of the fund across 27 positions, as published by its issuer for Nov 11, 2026. Since it first traded on Jul 15, 2026 the fund returned −23.5% with distributions reinvested. It sits 33.8% 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 12, 2026 the fund returned +17.0% with distributions reinvested. It sits 37.0% below its all-time high of Jun 22, 2026.

Questions people ask

Do LUMA and TCAI hold the same stocks?
By their latest filings, 6% 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, LUMA or TCAI?
LUMA has 19% of its weight in S&P 500 names and TCAI has 60%, so LUMA differs more from the index.
Which is cheaper, LUMA or TCAI?
LUMA charges 1.00% a year and TCAI charges 0.65%, so TCAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
LUMA vs AIPOLUMA vs AINFLUMA vs CHPXLUMA vs IVEPTCAI vs AIHYTCAI vs IVEPTCAI vs AINFTCAI vs AIPO
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →LUMA on its own →TCAI on its own →LUMA holdings →TCAI dividend history →TCAI holdings →Method →Standards and sources →
Sources and dates
LUMA filings on SEC EDGAR ↗
LUMA prospectus with the expense ratio (SEC) ↗
KraneShares page for LUMA ↗
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, LUMA against TCAI, data as of Nov 12, 2026. https://etfiq.com/compare/themes/luma-vs-tcai

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

LUMA and TCAI hold 6% of their weight in the same names.

LUMA on its own →TCAI on its own →
Growth of 100

LUMA and TCAI

Total return, distributions reinvested, 3 months.

LUMA −29.0%TCAI −26.2%
Aug 13, 2026Nov 12, 2026

LUMA −29.0%, TCAI −26.2%: TCAI +2.8 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.