TCAL vs VOO
T. Rowe Price Capital Appreciation Premium Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | TCAL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.03% | |
| AUM | $285M | $979.0B | |
| Dividend Yield | 11.83% | 1.09% | |
| Holdings | 290 | 509 | |
| YTD Return | +4.48% | +13.72% | |
| 1Y Return | +4.64% | +21.63% | |
| 3Y Return (annualized) | - | +21.55% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 7.0% | 14.1% | |
| Max Drawdown | -7.2% | -34.3% | |
| Fund Family | T.Rowe Price | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2025 | Sep 7, 2010 |
TCAL vs VOO Performance
T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) is a ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TCAL returned +4.64% while VOO returned +21.63%. Year to date, TCAL is up 4.48% versus a gain of 13.72% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 7.0% for TCAL. 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 -7.2% for TCAL and -34.3% for VOO. 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TCAL charges 0.31% per year while VOO 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, TCAL currently yields 11.83% against 1.09% for VOO.
Holdings Overlap
TCAL and VOO share 85 holdings out of 514 unique holdings combined, representing a 20.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TCAL or VOO?
TCAL has an expense ratio of 0.31% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, TCAL or VOO?
Over the past year TCAL returned +4.64% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), TCAL annualized +4.64% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, TCAL or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 7.0% for TCAL. Worst drawdown: TCAL -7.2% vs VOO -34.3%.
Should I hold both TCAL and VOO?
TCAL and VOO have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TCAL and VOO?
TCAL and VOO share 85 common holdings with a 20.6% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, TCAL or VOO?
TCAL yields 11.83% while VOO yields 1.09%, so TCAL currently pays the higher dividend yield.
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