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AIPOvsTCAIETF Comparison

ETF 1

AIPO

Defiance AI & Power Infrastructure ETF

This fund is part of

Multiple Trends

-3.1%

Full AIPO fund page

VS

ETF 2

TCAI

Tortoise AI Infrastructure ETF

This fund is part of

Multiple Trends

-3.1%

Full TCAI fund page

Defiance AI & Power Infrastructure ETF (AIPO) and Tortoise AI Infrastructure ETF (TCAI) belong to the same industry segment: Multiple Trends. AIPO's top 3 sector exposures are Industrials, Utilities and Technology. In contrast, TCAI's top sector exposures are Technology, Industrials and Utilities. AIPO is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.65% for TCAI. AIPO is up 32.82% year-to-date (YTD) with +$797M in YTD flows. TCAI performs better with 63.88% YTD performance, and +$156M in YTD flows. Run a side-by-side ETF comparison of AIPO and TCAI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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AIPO vs TCAI performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	AIPO TCAI	-10.81%-11.52%	-4.52%+9.99%	+32.82%+63.88%	+44.22%n/a	n/an/a	n/an/a
Flows	AIPO TCAI	+$111M+$14M	+$605M+$117M	+$797M+$156M	+$920M-	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	AIPO TCAI	+42.59%+50.71%	+35.89%n/a	n/an/a	n/an/a
Max drawdown	AIPO TCAI	-15.94%-20.59%	-17.09%n/a	n/an/a	n/an/a
Max drawdown duration	AIPO TCAI	32d32d	104dn/a	n/an/a	n/an/a

Trading data

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	AIPO	TCAI
Last sale 7/27/2026 at 2:41 PM	$28.35	$45.96
Previous close 07/24/2026	$29.33	$48.52
Consolidated volume 07/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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TCAI

is actively managed and doesn’t replicate an index

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	AIPO	TCAI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/27/2026 at 2:41 PM

Live

Closed

	AIPO	TCAI
Last price	$28.35	$45.96
1D performance	-3.34%	-5.28%
AuM	$919.85 M	$247.51 M
E/R	0.69%	0.65%

Characteristics

	AIPO	TCAI
Management strategy	Passive	Active
Provider	Defiance ETFs	Tortoise Capital
Benchmark	MarketVector US Listed AI and Power Infrastructure Index	-
N° of holdings	78	45
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	July 24, 2025	August 4, 2025
ESG	No	No

More AIPO data on Trackinsight

More TCAI data on Trackinsight

Exposure

Countries

AIPO

USA

81.29%

Ireland

7.9%

Other

10.81%

TCAI

USA

81.57%

Other

18.43%

Sectors

AIPO

Industrials

56.58%

Utilities

15.63%

Technology

13.6%

Other

14.19%

TCAI

Technology

43.01%

Industrials

31.19%

Utilities

10.38%

Finance

8.07%

Other

7.35%

Diversification

AIPO

Total weight of top 15 holdings out of 15

63.43%

TCAI

Total weight of top 15 holdings out of 15

55.32%

Top 15 holdings

Data as of June 30, 2026

AIPO

GE Vernova, Inc.

8.87%

Eaton Corp. Plc

7.90%

Quanta Services, Inc.

7.78%

Vertiv Holdings Co.

7.73%

Bloom Energy Corp.

4.41%

Cameco Corp.

3.83%

Broadcom Inc.

3.61%

Constellation Energy Corp.

3.60%

NVIDIA Corp.

3.54%

Advanced Micro Devices, Inc.

2.33%

MasTec, Inc.

1.99%

Hubbell, Inc.

1.97%

Vistra Corp.

1.96%

Xcel Energy, Inc.

1.96%

Dominion Energy, Inc.

1.95%

TCAI

Micron Technology, Inc.

5.78%

Vertiv Holdings Co.

5.26%

Dell Technologies, Inc.

4.67%

Sandisk Corp.

4.27%

Ciena Corp.

4.20%

Seagate Technology Holdings Plc

3.48%

Western Digital Corp.

3.46%

Quanta Services, Inc.

3.45%

MYR Group, Inc.

3.37%

nVent Electric Plc

3.09%

Credo Technology Group Holding Ltd.

3.05%

GE Vernova, Inc.

2.97%

MasTec, Inc.

2.95%

TeraWulf, Inc.

2.68%

Cipher Digital, Inc.

2.64%

Frequently asked questions about AIPO and TCAI

How have the AIPO and TCAI ETFs performed in 2026?

As of July 24, 2026, AIPO is up 32.82% year-to-date (YTD), while TCAI has returned 63.88%. That puts TCAI better performer ahead so far this year.

Which ETF is attracting more investor money: AIPO or TCAI?

Year-to-date, the AIPO ETF saw +$797M in flows, compared to +$156M for TCAI.

Which ETF is bigger: AIPO or TCAI?

As of July 24, 2026, AIPO holds $919.85 M in assets under management (AUM), while TCAI manages $247.51 M.

What sectors do the AIPO and TCAI ETFs invest in?

AIPO leans toward sectors like Industrials, Utilities and Technology. Meanwhile, TCAI focuses on Technology, Industrials and Utilities.

What are the top holdings of the AIPO ETF and TCAI ETF?

AIPO top holdings include GE Vernova, Inc., Eaton Corp. Plc and Quanta Services, Inc.. TCAI holds in its top three: Micron Technology, Inc., Vertiv Holdings Co. and Dell Technologies, Inc..

AIPOvsTCAIETF Comparison

Defiance AI & Power Infrastructure ETF

Tortoise AI Infrastructure ETF

AIPO vs TCAI performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the AIPO and TCAI ETFs performed in 2026?

As of July 24, 2026, AIPO is up 32.82% year-to-date (YTD), while TCAI has returned 63.88%. That puts TCAI better performer ahead so far this year.

Which ETF is attracting more investor money: AIPO or TCAI?

Year-to-date, the AIPO ETF saw +$797M in flows, compared to +$156M for TCAI.

Which ETF is bigger: AIPO or TCAI?

As of July 24, 2026, AIPO holds $919.85 M in assets under management (AUM), while TCAI manages $247.51 M.

What sectors do the AIPO and TCAI ETFs invest in?

AIPO leans toward sectors like Industrials, Utilities and Technology. Meanwhile, TCAI focuses on Technology, Industrials and Utilities.

What are the top holdings of the AIPO ETF and TCAI ETF?

AIPO top holdings include GE Vernova, Inc., Eaton Corp. Plc and Quanta Services, Inc.. TCAI holds in its top three: Micron Technology, Inc., Vertiv Holdings Co. and Dell Technologies, Inc..

Which ETF is more diversified: AIPO or TCAI?

AIPO holds 78 securities with 63.43% of its assets in the top 15. TCAI has 45 securities and a top 15 weight of 55.32%.

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