GQI vs. TCAL

Last updated Apr 1, 2026

Compare and contrast key facts about Natixis Gateway Quality Income ETF (GQI) and T. Rowe Price Capital Appreciation Premium Income ETF (TCAL).

GQI and TCAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GQI is an actively managed fund by Natixis. It was launched on Dec 12, 2023. TCAL is an actively managed fund by T. Rowe Price. It was launched on Mar 26, 2025.

Performance

GQI vs. TCAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Natixis Gateway Quality Income ETF (GQI) and T. Rowe Price Capital Appreciation Premium Income ETF (TCAL). The values are adjusted to include any dividend payments, if applicable.

GQI vs. TCAL - Yearly Performance Comparison

	2026 (YTD)	2025
GQI Natixis Gateway Quality Income ETF	-2.39%	18.75%
TCAL T. Rowe Price Capital Appreciation Premium Income ETF	-2.47%	1.58%

Returns By Period

The year-to-date returns for both stocks are quite close, with GQI having a -2.39% return and TCAL slightly lower at -2.47%.

GQI

• 1D: 2.54%
• 1M: -4.18%
• YTD: -2.39%
• 6M: 2.13%
• 1Y: 17.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCAL

• 1D: 0.99%
• 1M: -5.52%
• YTD: -2.47%
• 6M: -2.85%
• 1Y: -1.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GQI vs. TCAL - Expense Ratio Comparison

Both GQI and TCAL have an expense ratio of 0.34%.

GQI

Natixis Gateway Quality Income ETF

TCAL

T. Rowe Price Capital Appreciation Premium Income ETF

Return for Risk

GQI vs. TCAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GQI

GQI Risk / Return Rank: 72
GQI Sharpe Ratio Rank: 64
GQI Sortino Ratio Rank: 70
GQI Omega Ratio Rank: 71
GQI Calmar Ratio Rank: 69
GQI Martin Ratio Rank: 84

TCAL

TCAL Risk / Return Rank: 9
TCAL Sharpe Ratio Rank: 10
TCAL Sortino Ratio Rank: 8
TCAL Omega Ratio Rank: 8
TCAL Calmar Ratio Rank: 11
TCAL Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GQI vs. TCAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Natixis Gateway Quality Income ETF (GQI) and T. Rowe Price Capital Appreciation Premium Income ETF (TCAL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GQI	TCAL	Difference
Sharpe ratio Return per unit of total volatility	1.14	-0.12	+1.26
Sortino ratio Return per unit of downside risk	1.79	-0.09	+1.87
Omega ratio Gain probability vs. loss probability	1.26	0.99	+0.27
Calmar ratio Return relative to maximum drawdown	1.76	-0.07	+1.82
Martin ratio Return relative to average drawdown	9.73	-0.22	+9.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GQI vs. TCAL - Sharpe Ratio Comparison

The current GQI Sharpe Ratio is 1.14, which is higher than the TCAL Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of GQI and TCAL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GQI	TCAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	-0.12	+1.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	-0.08	+1.03

Correlation

The correlation between GQI and TCAL is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GQI vs. TCAL - Dividend Comparison

GQI's dividend yield for the trailing twelve months is around 9.57%, less than TCAL's 11.74% yield.

	TTM	2025	2024	2023
GQI Natixis Gateway Quality Income ETF	9.57%	8.97%	7.77%	0.31%
TCAL T. Rowe Price Capital Appreciation Premium Income ETF	11.74%	8.34%	0.00%	0.00%

Drawdowns

GQI vs. TCAL - Drawdown Comparison

The maximum GQI drawdown since its inception was -16.56%, which is greater than TCAL's maximum drawdown of -7.24%. Use the drawdown chart below to compare losses from any high point for GQI and TCAL.

Drawdown Indicators

	GQI	TCAL	Difference
Max Drawdown Largest peak-to-trough decline	-16.56%	-7.24%	-9.32%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-7.24%	-3.15%
Current Drawdown Current decline from peak	-4.60%	-5.52%	+0.92%
Average Drawdown Average peak-to-trough decline	-1.75%	-1.59%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.13%	-0.25%

Volatility

GQI vs. TCAL - Volatility Comparison

Natixis Gateway Quality Income ETF (GQI) has a higher volatility of 4.40% compared to T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) at 3.36%. This indicates that GQI's price experiences larger fluctuations and is considered to be riskier than TCAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQI	TCAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	3.36%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	7.49%	7.61%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	15.54%	11.70%	+3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.46%	11.68%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.46%	11.68%	+1.78%