RACK vs TCAI: Grades, Fees and Holdings Compared

VanEck Data Center Supply Chain ETF

RACKACboe

Tortoise AI Infrastructure ETF

TCAIBNYSE

Overlap

30.9%by weight

Expense ratio

RACK −0.15pt a year

RACK0.50%TCAI0.65%

Avg volume · 30D

TCAI 2.1×the volume

RACK38KTCAI79.1K

RACK vs TCAI Performance

Jul 31, 2026 – Oct 30, 2026

−6.1%RACK−15.5%TCAI

Expense ratio: RACK 0.50%, better; TCAI 0.65%
Fund size: RACK $71M; TCAI $212M
1Y total return: RACK No data; TCAI +18.5%
Holdings: RACK 52; TCAI 45
Avg volume (30D): RACK 38K sh; TCAI 79.1K sh, better
NAV per share: RACK $43.07; TCAI $38.75
52W range

ETF.net Grade

Pillar letters and Scores for RACK, TCAI, with each pillar’s weight
Pillar	RACK	TCAI
Cost30% weight	A82Higher	C53
Mission25% weight	Not scored	D25
Risk15% weight	C43Higher	C41
Tradability15% weight	A71Higher	B60
Holdings10% weight	A79Higher	A76
Durability5% weight	B64Higher	B58

Rank among AI Data Infrastructure funds

How we build Categories ›

Same Category. RACK and TCAI are both graded against the same 11 AI Data Infrastructure funds, so their Grades compare head to head.

AI Data Infrastructure⁠

Category · 11 funds

See all 11 ›

RACK ranks 3rd and TCAI 4th of 11 funds in the AI Data Infrastructure Category.

Rank 1AWTAIWisdomTree Artificial Intelligence and Innovation FundScore 78
Rank 2ADTCRGlobal X Data Center & Digital Infrastructure ETFScore 75
Rank 3ARACKVanEck Data Center Supply Chain ETFScore 70
Rank 4BTCAITortoise AI Infrastructure ETFScore 55
Rank 5CAIPODefiance AI & Power Infrastructure ETFScore 53

Our read on each fund

ETF.net Research

RACKAVanEck Data Center Supply Chain ETF

TCAIBTortoise AI Infrastructure ETF

In short

RACK No data

TCAI A stock picker's run at the AI buildout. TCAI is actively managed with no index to follow, aiming at the companies that supply AI infrastructure, and it prices right at the middle of its small niche.

Stated mandate

RACK No data

TCAI The Fund invests with an emphasis on companies involved in AI infrastructure. It is actively managed and does not seek to track an index.

Why people hold it

RACK No data

TCAI No index, no rulebook. The managers pick the AI infrastructure names themselves, so the portfolio can shift as the buildout does rather than wait for a quarterly reconstitution.
At 0.65% a year it lands on the median fee for its AI infrastructure cohort, and under the 0.69% charged by Defiance's AIPO, despite being run actively.
In a crowded new corner (seven funds chasing AI infrastructure), this one grades out in the upper half on our review.
Liquidity is a bright spot: it changes hands often enough that getting in and out is one of the smoother parts of owning it, unusual for a fund this new.

Worth knowing

RACK No data

TCAI Launched in August 2025, so the track record is thin. There is not yet enough history to judge how it behaves through a full market cycle.
Active costs more here. Index-run peers in the same niche, Franklin's XDAT at 0.50% and ProShares' DAT at 0.58%, undercut it.
Distributions come once or twice a year, and the fund is still mid-sized rather than a giant. This is a growth-theme holding, not an income line item.

Full RACK profile⁠

Full TCAI profile⁠

RACK vs TCAI Holdings

How RACK and TCAI differ

Overlap by weight

30.9%

Shared holdings make up 52.8% of TCAI and 36.5% of RACK.

Level by level

Holdings17 in both30.9%
Sector9 Sectors78.3%
Countryby domicile91.7%
Asset classEquity100%

Sector

Sector weights in RACK and TCAI, widest gap first
Sector	More in RACKMore in TCAI	RACK	TCAI
Industrials	TCAI +10.0 points	20.2%	30.2%
Technology	RACK +8.7 points	56.2%	47.5%
Financials	TCAI +7.0 points	0.0%	7.0%
Utilities	RACK +5.3 points	10.8%	5.5%
Real Estate	RACK +3.6 points	3.6%	0.0%
Materials	RACK +2.5 points	2.5%	0.0%
Communication	TCAI +2.4 points	0.0%	2.4%
Consumer Discretionary	TCAI +2.3 points	0.0%	2.3%
Energy	RACK +1.6 points	6.7%	5.1%

Country, concentration and asset class

Country by domicile

Country weights in RACK and TCAI, widest gap first
Country	More in RACKMore in TCAI	RACK	TCAI
Canada	RACK +6.1 points	6.5%	0.4%
Germany	TCAI +4.0 points	0.0%	4.0%
South Korea	RACK +2.0 points	4.0%	2.0%
United Kingdom	TCAI +1.9 points	0.7%	2.6%
France	TCAI +1.3 points	0.0%	1.3%
Australia	TCAI +1.2 points	0.0%	1.2%
United States	RACK +0.2 points	88.8%	88.6%

Concentration

Weight in the 10 largest Holdings

RACK43.2%
TCAI43.2%

Securities held

RACK51
TCAI45

Asset class

RACK: Equity
TCAI: Equity

Holdings

Only in RACK34
In both17
Only in TCAI28

Only in RACK

34 securities, 63.4% of RACK by weight

Nvidia Corp4.66%
Eaton Corp Plc4.62%
Broadcom Inc4.56%
Public Service Enterprise Group Inc4.38%
Cameco Corp4.05%
Sk Hynix Inc3.98%
Advanced Micro Devices Inc3.18%
Oracle Corp3.02%
Johnson Controls International Plc2.54%
Bwx Technologies Inc2.18%
Cummins Inc2.08%
Bloom Energy Corp1.83%
Ametek Inc1.73%
Nexgen Energy Ltd1.53%
Equinix Inc1.49%
Everpure Inc1.32%
Qualcomm Inc1.30%
Synopsys Inc1.24%
Cadence Design Systems Inc1.21%
Marvell Technology Inc1.19%
Oklo Inc1.11%
Digital Realty Trust Inc1.08%
Uranium Energy Corp1.04%
Iron Mountain Inc0.98%
Monolithic Power Systems Inc0.93%
Astera Labs Inc0.89%
Nutanix Inc0.86%
Arm Holdings Plc0.81%
Super Micro Computer Inc0.78%
Ionq Inc0.71%
Hubbell Inc0.70%
Coreweave Inc0.64%
Talen Energy Corp0.42%
Generac Holdings Inc0.39%

Only in TCAI

28 securities, 47.2% of TCAI by weight

MYR Group Inc3.88%
Ciena Corp3.75%
GE Vernova Inc3.59%
Terawulf Inc2.72%
Williams Cos Inc/The2.47%
Entergy Corp2.46%
Dycom Industries Inc2.38%
Cipher Digital Inc2.15%
Modine Manufacturing Co2.03%
SK hynix Inc1.94%
Infineon Technologies AG1.58%
Hut 8 Corp1.56%
Solaris Energy Infrastructure Inc1.52%
Siemens Energy AG1.44%
Coherent Corp1.32%
Schneider Electric SE1.30%
Evergy Inc1.22%
DT Midstream Inc1.18%
IREN Ltd1.15%
AAON Inc1.05%
Riot Platforms Inc1.00%
Accelevation Holdings Corp0.94%
Forgent Power Solutions Inc0.94%
Innio NV0.93%
Comfort Systems USA Inc0.92%
Applied Digital Corp0.81%
Core Scientific Inc0.70%
First American Government Obligations Fund 12/01/20310.31%

Weight gaps

All 17 Holdings in both funds, largest gap first.

Holding weights in RACK and TCAI, widest gap first
Holding	More in RACKMore in TCAI	RACK	TCAI
Vertiv Holdings CoVRT	TCAI +3.70 points	2.82%	6.52%
Mastec IncMTZ	TCAI +3.37 points	0.36%	3.73%
Dell Technologies IncDELL	TCAI +3.01 points	1.93%	4.94%
Amphenol CorpAPH	RACK +2.81 points	4.92%	2.11%
Sandisk Corp/DeSNDK	TCAI +2.07 points	2.18%	4.25%
Constellation Energy CorpCEG	RACK +2.01 points	4.39%	2.38%
Nvent Electric PlcNVT	TCAI +1.80 points	0.68%	2.48%
Western Digital CorpWDC	TCAI +1.65 points	1.70%	3.35%
Seagate Technology Holdings PlcSTX	TCAI +1.54 points	1.92%	3.46%
Credo Technology Group Holding LtdCRDO	TCAI +1.27 points	0.87%	2.14%
Quanta Services IncPWR	TCAI +0.96 points	3.22%	4.18%
Yandex NvNBIS	TCAI +0.94 points	0.96%	1.90%
Hewlett Packard Enterprise CoHPE	TCAI +0.86 points	1.29%	2.15%
Celestica IncCLS	RACK +0.54 points	0.95%	0.41%
Micron Technology IncMU	TCAI +0.43 points	4.43%	4.86%
Lumentum Holdings IncLITE	TCAI +0.29 points	1.39%	1.68%
Arista Networks IncANET	RACK +0.24 points	2.51%	2.27%

All RACK holdings⁠All TCAI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

RACK vs TCAI Cost

Overpaying TCAI vs RACK

$2,738

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

RACK 0.50%
$9,979
TCAI 0.65%
$12,717

Amount$10,000

Years30 years

Cost over time

RACK 0.50%
TCAI 0.65%
Overpaying

Year by year

Year	RACK	TCAI	Overpaying
10	$900	$1,163	$263
20	$3,460	$4,440	$980
30	$9,979	$12,717	$2,738

Expense ratio

0.50%RACK, cheaper
0.65%TCAI

RACK0.50%TCAI0.65%

0.45%1.00%

Middle half of AI Data Infrastructure funds
Median 0.65%

RACK 2nd cheapest of 11 funds

TCAI 5th cheapest of 11 funds

RACK vs TCAI Dividends

Last 12 months to Oct 30, 2026

Payout (12M): RACK None; TCAI No data
Last payment: RACK No data; TCAI $0.02
Ex-dividend: RACK No data; TCAI Dec 31, 2025
Paid on: RACK No data; TCAI Jan 2, 2026
Frequency: RACK No data; TCAI Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

RACKAll RACK payments⁠

No distribution history available.

TCAIIrregular · 1 paymentAll TCAI payments⁠

RACK vs TCAI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: RACK No dataTCAI 48.0%since Sep 2025
Return per unit of riskSharpe ratio, 3 years: RACK No dataTCAI 0.89since Sep 2025
Worst fallMax drawdown, 5 years: RACK No dataTCAI −35.4%since Aug 2025
Market sensitivityBeta, 5 years: RACK 2.45TCAI 2.65; Market = 1

RACK and TCAI in the news

All news⁠

New ETFs
xETFs lists a fund to bundle AI bottlenecks that already have their own funds
Oct 5, 2026RACK
ETF Filings
Tuttle files eight Income Blast ETFs, including baskets that name OpenAI and Anthropic
Sep 15, 2026TCAI

Popular comparisons

RACKAvsWTAIA
VanEck Data Center Supply Chain ETF · WisdomTree Artificial Intelligence and Innovation Fund
Expense ratio
0.50% · 0.45%
Category
TCAIBvsWTAIA
Tortoise AI Infrastructure ETF · WisdomTree Artificial Intelligence and Innovation Fund
Expense ratio
0.65% · 0.45%
Category
RACKAvsDTCRA
VanEck Data Center Supply Chain ETF · Global X Data Center & Digital Infrastructure ETF
Expense ratio
0.50% · 0.50%
Category
TCAIBvsDTCRA
Tortoise AI Infrastructure ETF · Global X Data Center & Digital Infrastructure ETF
Expense ratio
0.65% · 0.50%
Category
RACKAvsAIPOC
VanEck Data Center Supply Chain ETF · Defiance AI & Power Infrastructure ETF
Expense ratio
0.50% · 0.69%
Category
TCAIBvsAIPOC
Tortoise AI Infrastructure ETF · Defiance AI & Power Infrastructure ETF
Expense ratio
0.65% · 0.69%
Category

RACK vs TCAI

In short

Stated mandate

Why people hold it

Worth knowing

How RACK and TCAI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in RACK

Only in TCAI

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

xETFs lists a fund to bundle AI bottlenecks that already have their own funds

Tuttle files eight Income Blast ETFs, including baskets that name OpenAI and Anthropic

How RACK and TCAI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in RACK

Only in TCAI

Weight gaps