TCAL vs VTI
T. Rowe Price Capital Appreciation Premium Income 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 | TCAL | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.03% | |
| AUM | $303M | $666.9B | |
| Dividend Yield | 11.52% | 1.07% | |
| Holdings | 290 | 3,543 | |
| YTD Return | +4.25% | +12.65% | |
| 1Y Return | +2.96% | +21.39% | |
| 3Y Return (annualized) | - | +21.54% | |
| 5Y Return (annualized) | - | +12.11% | |
| Volatility (annualized) | 7.0% | 15.3% | |
| Max Drawdown | -7.2% | -56.6% | |
| Fund Family | T.Rowe Price | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2025 | May 24, 2001 |
TCAL vs VTI Performance
T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) 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 TCAL returned +2.96% while VTI returned +21.39%. Year to date, TCAL is up 4.25% versus a gain of 12.65% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TCAL 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, TCAL currently yields 11.52% against 1.07% for VTI.
Holdings Overlap
TCAL and VTI share 96 holdings out of 2795 unique holdings combined, representing a 22.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TCAL or VTI?
TCAL 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, TCAL or VTI?
Over the past year TCAL returned +2.96% vs +21.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (1 years), TCAL annualized +4.40% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, TCAL or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 7.0% for TCAL. Worst drawdown: TCAL -7.2% vs VTI -56.6%.
Should I hold both TCAL and VTI?
TCAL and VTI have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TCAL and VTI?
TCAL and VTI share 96 common holdings with a 22.0% weight overlap. Combined, they hold 2795 unique securities.
Which pays a higher dividend, TCAL or VTI?
TCAL yields 11.52% while VTI yields 1.07%, so TCAL currently pays the higher dividend yield.
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