TCAF vs VTI
T. Rowe Price Capital Appreciation Equity ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | TCAF | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.03% | |
| AUM | $8.3B | $666.9B | |
| Dividend Yield | 0.47% | 1.07% | |
| Holdings | 347 | 3,543 | |
| YTD Return | +10.99% | +12.65% | |
| 1Y Return | +15.96% | +21.39% | |
| 3Y Return (annualized) | +18.89% | +21.54% | |
| 5Y Return (annualized) | - | +12.11% | |
| Volatility (annualized) | 12.2% | 15.3% | |
| Max Drawdown | -16.6% | -56.6% | |
| Fund Family | T.Rowe Price | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 14, 2023 | May 24, 2001 |
TCAF vs VTI Performance
T. Rowe Price Capital Appreciation Equity ETF (TCAF) is a ETF from T.Rowe Price and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year TCAF returned +15.96% while VTI returned +21.39%. Year to date, TCAF is up 10.99% versus a gain of 12.65% for VTI.
Over three years, TCAF compounded at +18.89% per year against +21.54% for VTI. Across the full 3-year window we track, TCAF has the edge at +17.45% annualized vs +8.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.2% for TCAF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.6% for TCAF and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
TCAF charges 0.31% per year while VTI charges 0.03%. On a $10,000 position that is $31 vs $3 annually, a gap of $28 per year that compounds over a long holding period. On income, TCAF currently yields 0.47% against 1.07% for VTI.
Holdings Overlap
TCAF and VTI share 84 holdings out of 2804 unique holdings combined, representing a 35.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TCAF or VTI?
TCAF has an expense ratio of 0.31% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, TCAF or VTI?
Over the past year TCAF returned +15.96% vs +21.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (3 years), TCAF annualized +17.45% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, TCAF or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 12.2% for TCAF. Worst drawdown: TCAF -16.6% vs VTI -56.6%.
Should I hold both TCAF and VTI?
TCAF and VTI have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between TCAF and VTI?
TCAF and VTI share 84 common holdings with a 35.7% weight overlap. Combined, they hold 2804 unique securities.
Which pays a higher dividend, TCAF or VTI?
TCAF yields 0.47% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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