TCAF vs VTI
T. Rowe Price Capital Appreciation Equity ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, TCAF or VTI?
Nearly the same fund. VTI costs less.
VTI has a lower expense ratio. VTI led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 38.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | TCAF | VTI |
|---|---|---|
| Expense Ratio | 0.31% | 0.03%Best |
| AUM | $8.6B | $666.9B |
| Dividend Yield | 0.47% | 1.03% |
| Holdings | 105 | 3,543 |
| YTD Return | +9.97% | +11.06%Best |
| 1Y Return | +13.65% | +15.41%Best |
| 3Y Return (annualized) | +17.98% | +20.48%Best |
| 5Y Return (annualized) | - | +11.52% |
| Volatility (annualized) | 12.2%Best | 13.1% |
| Max Drawdown | -16.6%Best | -19.3% |
| $10,000 over 3.3 years | $16,642 | $17,749Best |
| Top 10 Weight | 38.7% | 33.3%Best |
| Fund Family | T.Rowe Price | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 14, 2023 | May 24, 2001 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 15, 2023 to Sep 16, 2026 (3.3 years).
TCAF vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.3 years both funds cover.
TCAF vs VTI Performance
T. Rowe Price Capital Appreciation Equity ETF (TCAF) is an ETF from T.Rowe Price and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year TCAF returned +13.65% while VTI returned +15.41%. Year to date, TCAF is up 9.97% versus a gain of 11.06% for VTI.
Over three years, TCAF compounded at +17.98% per year against +20.48% for VTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 13.1% 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 -19.3% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.03% for VTI.
Holdings Overlap
87.1% of TCAF's money is in holdings VTI also owns. 41.5% of VTI's money is in holdings TCAF also owns.
Most of TCAF is already inside VTI. Owning both mostly buys the same companies twice.
87 positions in common, counted across the 98 positions we hold weights for in TCAF and 3,463 in VTI, against full books of 105 and 3,543.
What only one of them owns
Our book lists 1,070 positions for VTI that do not appear in our book for TCAF (56.1% of the fund), and 4 for TCAF that do not appear in VTI (1.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in TCAF | Weight in VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 5.44% | 6.40% | 0.96% |
| MSFTMicrosoft Corp | 6.16% | 4.79% | 1.37% |
| AAPLApple, Inc | 4.66% | 6.29% | 1.63% |
| AMZNAmazon.Com Inc | 5.15% | 3.65% | 1.50% |
| GOOGLAlphabet Inc,class A | 3.19% | 2.90% | 0.29% |
| AVGOBroadcom Inc | 3.32% | 2.56% | 0.76% |
| METAMeta Platforms Inc | 3.10% | 1.70% | 1.40% |
| GOOGAlphabet Inc | 1.65% | 2.31% | 0.66% |
| CNPCenterpoint Energy Inc. | 2.80% | 0.04% | 2.76% |
| JPMJpmorgan Chase | 1.45% | 1.31% | 0.14% |
87.1% of TCAF is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $28 a year on a $10,000 investment.
Which performed better, TCAF or VTI?
Over the past year TCAF returned +13.65% vs +15.41% for VTI, so VTI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TCAF or VTI?
VTI has been the more volatile fund at 13.1% annualized versus 12.2% for TCAF. Worst drawdown: TCAF -16.6% vs VTI -19.3%.
Should I hold both TCAF and VTI?
TCAF and VTI have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between TCAF and VTI?
87.1% of TCAF's money is in holdings VTI also owns. 41.5% of VTI's is in holdings TCAF also owns. They hold 87 positions in common, counted across the 98 positions we hold weights for in TCAF and 3,463 in VTI.
Which pays a higher dividend, TCAF or VTI?
TCAF yields 0.47% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than TCAF?
VTI has a lower expense ratio. VTI led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 38.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.