Do PBOT and TCAI hold the same stocks?

By their latest filings, 3% 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, PBOT or TCAI?

PBOT has 61% of its weight in S&P 500 names and TCAI has 60%, so TCAI differs more from the index.

Which is cheaper, PBOT or TCAI?

PBOT charges 0.70% a year and TCAI charges 0.65%, so TCAI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

PBOT vs TCAI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, PBOT returned +17.1% to TCAI's +7.5%; 3% of their weight is in the same names.

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Net assets: $14m on Jun 30, 2026 for Pictet AI & Automation ETF, and $230m on Aug 31, 2026 for Tortoise AI Infrastructure ETF.

PBOT on its own →TCAI on its own →

At a glance

60.7%

PBOT in the S&P 500

60.4%

TCAI in the S&P 500

+17.1%

PBOT total return, 1 year

+7.5%

TCAI total return, 1 year

PBOT · 1 year to Nov 4, 2026 39% of its weight is outside the S&P 500

61% of PBOT's weight is in S&P 500 companies and 39% is outside the index. Holdings as of Jun 30, 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

TCAI costs 0.05 points a year less; their one-year returns differ by 9.6 points.

Points (pts) are percentage points.

PBOT vs TCAI: Holdings Overlap & Returns
Measure	PBOT	TCAI
Return
Measure	PBOT	TCAI
Total return, 1 year	+17.1%	+7.5%
Drawdown
Measure	PBOT	TCAI
Below its all-time high	17.2%, high on Oct 6, 2026	39.3%, high on Jun 22, 2026
Against its benchmark
Measure	PBOT	TCAI
What it tracks	Artificial intelligence	AI infrastructure and chips
Its benchmark, total return, 1 year	+15.0%
Against its benchmark, 1 year	ahead by 2.1 pts
Cost and size
Measure	PBOT	TCAI
Expense ratio	0.70%	0.65%
Net assets, PBOT as of Jun 30, 2026 and TCAI as of Aug 31, 2026	$14m	$230m
Holdings
Measure	PBOT	TCAI
Holdings in common	3%

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 Score38.2PBOT65.4TCAI

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

PBOT 38.2

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

By the books each fund has filed, PBOT and TCAI hold 3% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first PBOT TCAI

MICRON TECHNOLOGY INC 2.11% 5.29%

NVIDIA CORP 3.13% 0.74%

Only in one fund ↓

Only in PBOT

ALPHABET INC-CL A 6.83%

KLA CORP 6.33%

TAIWAN SEMICONDUCTOR-SP ADR 6.31%

BROADCOM INC 6.31%

ASML HOLDING NV /EUR 5.75%

SNOWFLAKE INC 4.71%

CROWDSTRIKE HOLDINGS INC - A 4.62%

PALO ALTO NETWORKS INC 4.55%

Only in TCAI

Dell Technologies Inc 6.37%

Vertiv Holdings Co 5.59%

Sandisk Corp 4.25%

Ciena Corp 4.01%

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: PBOT vs TCAI: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	PBOT	TCAI	PBOT	TCAI
3 months	−8.8%	−25.9%	−7.5 pts vs ACWI	not measured
6 months	+5.5%	−28.8%	+2.9 pts vs ACWI	not measured
1 year	+17.1%	+7.5%	+2.1 pts vs ACWI	not measured
Since launchNot the same days: PBOT Oct 2025 · TCAI Aug 2025	+20.9%	+40.4%	+4.4 pts vs ACWI	not measured

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Side by side

PBOT Pictet AI & Automation ETF · Holds 44 stocks in artificial intelligence, 61% 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 Pictet Tortoise

Theme Artificial intelligence AI infrastructure and chips

In the S&P 500 60.7% 60.4%

Active share vs the S&P 500 82.1% 93.3%

In the Nasdaq-100 51.8% 25.7%

Holdings 44 46

Top ten, share of the fund 52.5% 42.6%

Expense ratio 0.70% 0.65%

Fee for the differing part 0.85% 0.70%

Total return, 1 year +17.1% +7.5%

vs its benchmark +2.1 pts vs ACWI not measured

Below its high −17.2% −39.3%

Net assets, PBOT as of Jun 30, 2026 and TCAI as of Aug 31, 2026 $14m $230m

As of Nov 4, 2026. Source: ETFIQ.

3% of the two portfolios are the same securities at the same weight.

Alert

About each fund

PBOT

By weight, 61% of PBOT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 52% of the fund across 44 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +17.1% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 2.1 pts. It sits 17.2% 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 PBOT and TCAI hold the same stocks?: By their latest filings, 3% 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, PBOT or TCAI?: PBOT has 61% of its weight in S&P 500 names and TCAI has 60%, so TCAI differs more from the index.
Which is cheaper, PBOT or TCAI?: PBOT charges 0.70% a year and TCAI charges 0.65%, so TCAI is cheaper. Fees come from each fund's prospectus.

Other comparisons

PBOT vs AIHY PBOT vs AIPO PBOT vs CGPT PBOT vs AINF TCAI vs HLTH TCAI vs AGIQ TCAI vs WDRN TCAI vs NEWZ

Where to next

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

Sources and dates

PBOT filings on SEC EDGAR ↗

PBOT prospectus with the expense ratio (SEC) ↗

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

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