Data as of .
TCAI vs WISE: which is really different?
TCAI and WISE hold 2% 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
2% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, TCAI and WISE hold 2% of their money in the same securities at the same weight.
| Holding | TCAI | WISE |
|---|---|---|
| Arista Networks Inc | 1.71% | 1.69% |
| NVIDIA Corp | 0.59% | 4.70% |
| Only in TCAI | Only in WISE |
|---|---|
| Dell Technologies Inc 8.94% | Advanced Micro Devices Inc 11.41% |
| Micron Technology Inc 7.64% | QuickLogic Corp 7.53% |
| Seagate Technology Holdings PL 5.77% | Gorilla Technology Group Inc 5.49% |
| Western Digital Corp 5.14% | Snowflake Inc 5.15% |
| Ciena Corp 5.10% | Broadcom Inc 3.53% |
| Vertiv Holdings Co 4.48% | Amazon.com Inc 3.46% |
| Quanta Services Inc 3.58% | Information Services Group Inc 3.45% |
| Sandisk Corp/DE 3.47% | BigBear.ai Holdings Inc 3.37% |
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 Jun 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| TCAI | WISE | TCAI | WISE | TCAI | WISE | |
| 3 months | −16.4% | −13.3% | −18.6 pts | −15.6 pts | −13.9 pts | −10.8 pts |
| 6 months | +34.7% | +7.5% | +16.7 pts | −10.5 pts | +10.5 pts | −16.8 pts |
| 1 year | +67.6% | −17.1% | +51.0 pts | −33.7 pts | +45.8 pts | −38.9 pts |
| Since launch | +88.8% | +42.7% | +65.8 pts | −28.9 pts | +59.4 pts | −44.1 pts |
| TCAI Tortoise AI Infrastructure ETF Holds 43 stocks in aI infrastructure and chips, 63% of its weight in S&P 500 companies | WISE Themes Generative Artificial Intelligence ETF Holds 40 stocks in artificial intelligence, 32% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Tortoise | Themes |
| Theme | AI infrastructure and chips | Artificial intelligence |
| In the S&P 500 | 63.2% | 32.4% |
| Active share vs the S&P 500 | 92.7% | 83.6% |
| In the Nasdaq-100 | 26.2% | 29.2% |
| Holdings | 43 | 40 |
| Top ten, share of the fund | 50.6% | 51.4% |
| Expense ratio | 0.65% | 0.35% |
| Fee for the differing part | 0.70% | 0.42% |
| Total return, 1 year | +67.6% | −17.1% |
| vs the S&P 500 | +51.0 pts | −33.7 pts |
| vs the Nasdaq-100 | +45.8 pts | −38.9 pts |
| Below its high | −18.4% | −24.0% |
| Net assets | $217m | $28m |
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.
WISE in plain words
By weight, 32% of WISE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 84%. The top ten holdings are 51% of the fund across 40 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −17.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 33.7 pts. It sits 24.0% below its all-time high of Oct 15, 2025.
Questions people ask
- Do TCAI and WISE hold the same stocks?
- By their latest filings, 2% 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, TCAI or WISE?
- TCAI has 63% of its weight in S&P 500 names and WISE has 32%, so TCAI differs more from the index.
- Which is cheaper, TCAI or WISE?
- TCAI charges 0.65% a year and WISE charges 0.35%, so WISE 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, TCAI against WISE, data as of Sep 18, 2026. https://etfiq.com/compare/themes/tcai-vs-wise Free to use with attribution; the underlying files are at Open data.