TCAL vs VYM
T. Rowe Price Capital Appreciation Premium Income ETF vs Vanguard High Dividend Yield ETF
Which is better, TCAL or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window. TCAL is less concentrated, with 17.2% of the fund in its ten largest positions against 26.1%.
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 | TCAL | VYM |
|---|---|---|
| Expense Ratio | 0.34% | 0.04%Best |
| AUM | $307M | $81.6B |
| Dividend Yield | 11.33% | 2.22% |
| Holdings | 488 | 613 |
| YTD Return | -0.11% | +10.23%Best |
| 1Y Return | +0.77% | +14.28%Best |
| 3Y Return (annualized) | - | +17.50% |
| 5Y Return (annualized) | - | +11.60% |
| Volatility (annualized) | 7.3%Best | 10.3% |
| Max Drawdown | -7.2%Best | -11.3% |
| $10,000 over 1.5 years | $10,178 | $12,638Best |
| Top 10 Weight | 17.2%Best | 26.1% |
| Fund Family | T.Rowe Price | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Mar 26, 2025 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 27, 2025 to Sep 23, 2026 (1.5 years).
TCAL vs VYM 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 1.5 years both funds cover.
TCAL vs VYM Performance
T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) is an ETF from T.Rowe Price and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year TCAL returned +0.77% while VYM returned +14.28%. Year to date, TCAL is down 0.11% versus a gain of 10.23% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 10.3% compared with 7.3% 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 -11.3% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TCAL charges 0.34% per year while VYM charges 0.04%. On a $10,000 position that is $34 vs $4 annually, a gap of $30 per year that compounds over a long holding period. On income, TCAL currently yields 11.33% against 2.22% for VYM.
Holdings Overlap
46.0% of TCAL's money is in holdings VYM also owns. 32.3% of VYM's money is in holdings TCAL also owns.
The two portfolios partly overlap.
51 positions in common, counted across the 103 positions we hold weights for in TCAL and 557 in VYM, against full books of 488 and 613.
What only one of them owns
Our book lists 477 positions for VYM that do not appear in our book for TCAL (64.8% of the fund), and 45 for TCAL that do not appear in VYM (47.5%).
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 TCAL | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 0.86% | 3.82% | 2.96% |
| XOMExxon Mobil Corp. | 1.26% | 2.63% | 1.37% |
| JNJJohnson & Johnson - Common | 0.86% | 2.51% | 1.65% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.05% | 1.86% | 0.81% |
| ABTAbbott Laboratories | 1.74% | 0.74% | 1.00% |
| KOCoca Cola Co. | 0.95% | 1.38% | 0.43% |
| MCDMcdonald'S Corp | 1.52% | 0.78% | 0.74% |
| PGProcter & Gamble Company | 0.79% | 1.37% | 0.58% |
| HDHome Depot Inc/The | 0.63% | 1.34% | 0.71% |
| LMTLockheed Martin Corp | 1.49% | 0.48% | 1.01% |
46.0% of TCAL is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, TCAL or VYM?
TCAL has an expense ratio of 0.34% while VYM charges 0.04%. VYM is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, TCAL or VYM?
Over the past year TCAL returned +0.77% vs +14.28% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), TCAL annualized +1.18% vs +16.89% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TCAL or VYM?
VYM has been the more volatile fund at 10.3% annualized versus 7.3% for TCAL. Worst drawdown: TCAL -7.2% vs VYM -11.3%.
Should I hold both TCAL and VYM?
TCAL and VYM have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between TCAL and VYM?
46.0% of TCAL's money is in holdings VYM also owns. 32.3% of VYM's is in holdings TCAL also owns. They hold 51 positions in common, counted across the 103 positions we hold weights for in TCAL and 557 in VYM.
Which pays a higher dividend, TCAL or VYM?
TCAL yields 11.33% while VYM yields 2.22%, so TCAL currently pays the higher dividend yield.
Is VYM better than TCAL?
VYM has a lower expense ratio. VYM led over 1Y and the full window. TCAL is less concentrated, with 17.2% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.