T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TCAL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TCAL
TCAL charges 0.34% annually. There are 9 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.32M | Nov 2024 | TCAL vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | TCAL vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | TCAL vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | TCAL vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | TCAL vs QQA |
Best Risk-Adjusted Alternatives to TCAL
TCAL has a PortfoliosLab risk / return rank of 8. There are 126 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | TCAL vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | TCAL vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | TCAL vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | TCAL vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | TCAL vs BUCK |
Top Performing TCAL Alternatives (YTD)
TCAL is at -1.64% YTD. There are 160 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | TCAL vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | TCAL vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | TCAL vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | TCAL vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | TCAL vs AMDY |
Lowest Volatility Alternatives to TCAL
TCAL has 9.54% 1-year volatility. There are 33 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | TCAL vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | TCAL vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | TCAL vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | TCAL vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | TCAL vs XRMI |
Lowest Drawdown Alternatives to TCAL
TCAL has a 1-year max drawdown of -7.00%. There are 35 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | TCAL vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | TCAL vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | TCAL vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | TCAL vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | TCAL vs OMAH |
Other ETFs from T. Rowe Price
The 10 most viewed T. Rowe Price ETFs shown here include TCAF, TFLR, TDVG and span 7 categories. AUM among these funds goes as high as $7B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Capital Appreciation Equity ETF | Large Cap Blend Equities | 39 | 4.55% | 7.13B | Jun 2023 | TCAL vs TCAF | |
| T. Rowe Price Floating Rate ETF | Bank Loan | 77 | 1.27% | 625.68M | Nov 2022 | TCAL vs TFLR | |
| T. Rowe Price Dividend Growth ETF | Large Cap Growth Equities, Dividend | 56 | 8.04% | 1.36B | Aug 2020 | TCAL vs TDVG | |
| T. Rowe Price Ultra Short-Term Bond ETF | Ultrashort Bond | 99 | 1.83% | 1.17B | Sep 2021 | TCAL vs TBUX | |
| T. Rowe Price Blue Chip Growth ETF | Large Cap Growth Equities | 21 | -1.72% | 2.16B | Aug 2020 | TCAL vs TCHP | |
| T. Rowe Price US Equity Research ETF | Large Cap Blend Equities | 59 | 8.79% | 3.56B | Jun 2021 | TCAL vs TSPA | |
| T. Rowe Price Growth Stock ETF | Large Cap Growth Equities | 23 | 0.74% | 1.01B | Aug 2020 | TCAL vs TGRW | |
| T. Rowe Price International Equity ETF | Foreign Large Cap Equities | 41 | 9.19% | 1.52B | Jun 2023 | TCAL vs TOUS | |
| T. Rowe Price U.S. High Yield ETF | High Yield Bonds | 55 | 1.84% | 818.81M | Oct 2022 | TCAL vs THYF | |
| T. Rowe Price Growth ETF | Large Cap Growth Equities | 23 | 0.18% | 1.24B | Jun 2023 | TCAL vs TGRT |
Often Compared With TCAL
Investors most often compare TCAL with JEPI, JEPQ, GPIQ. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare TCAL with Any Fund or Stock
Compare TCAL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TCAL with funds that move differently
T. Rowe Price Capital Appreciation Premium Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TCAL.
Explore TCAL Diversifiers