TACU vs. TCAF

Last updated Jun 6, 2026

TACU (T. Rowe Price Active Core U.S. Equity ETF) and TCAF (T. Rowe Price Capital Appreciation Equity ETF) are both Large Cap Blend Equities funds from T. Rowe Price. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. TACU charges 0.14%/yr vs 0.31%/yr for TCAF.

Performance

TACU vs. TCAF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Active Core U.S. Equity ETF (TACU) and T. Rowe Price Capital Appreciation Equity ETF (TCAF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TACU achieves a 7.92% return, which is significantly higher than TCAF's 4.74% return.

TACU

• 1D: -2.43%
• 1M: 0.41%
• YTD: 7.92%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCAF

• 1D: -2.17%
• 1M: 0.18%
• YTD: 4.74%
• 6M: 4.88%
• 1Y: 18.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TACU vs. TCAF - Yearly Performance Comparison

	2026 (YTD)	2025
TACU T. Rowe Price Active Core U.S. Equity ETF	7.92%	-0.66%
TCAF T. Rowe Price Capital Appreciation Equity ETF	4.74%	-0.26%

Correlation

The correlation between TACU and TCAF is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.93

Return for Risk

TACU vs. TCAF — Risk / Return Rank

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

TCAF

TCAF Risk / Return Rank: 43
TCAF Sharpe Ratio Rank: 47
TCAF Sortino Ratio Rank: 45
TCAF Omega Ratio Rank: 47
TCAF Calmar Ratio Rank: 35
TCAF Martin Ratio Rank: 43

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.

TACU vs. TCAF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Active Core U.S. Equity ETF (TACU) and T. Rowe Price Capital Appreciation Equity ETF (TCAF). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TACU	TCAF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	1.21	-0.06

Drawdowns

TACU vs. TCAF - Drawdown Comparison

The maximum TACU drawdown since its inception was -8.91%, smaller than the maximum TCAF drawdown of -16.37%. Use the drawdown chart below to compare losses from any high point for TACU and TCAF.

Drawdown Indicators

	TACU	TCAF	Difference
Max Drawdown Largest peak-to-trough decline	-8.91%	-16.37%	+7.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.33%	—
Current Drawdown Current decline from peak	-2.68%	-2.63%	-0.05%
Average Drawdown Average peak-to-trough decline	-1.57%	-2.06%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.83%	—

Volatility

Volatility by Period

	TACU	TCAF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.75%	11.68%	+2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	13.99%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.75%	13.99%	-0.24%

TACU vs. TCAF - Expense Ratio Comparison

TACU has a 0.14% expense ratio, which is lower than TCAF's 0.31% expense ratio.

Dividends

TACU vs. TCAF - Dividend Comparison

TACU has not paid dividends to shareholders, while TCAF's dividend yield for the trailing twelve months is around 0.48%.

Position	TTM	2025	2024	2023
TACU T. Rowe Price Active Core U.S. Equity ETF	0.00%	0.00%	0.00%	0.00%
TCAF T. Rowe Price Capital Appreciation Equity ETF	0.48%	0.50%	0.43%	0.26%

Frequently Asked Questions

Can I hold both TACU and TCAF in my portfolio?

With a correlation of 0.93, TACU and TCAF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TACU or TCAF?

On fees, TACU is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TACU or TCAF?

TACU is cheaper with a 0.14% expense ratio, compared with 0.31% for TCAF.

Which ETF pays a higher dividend yield, TACU or TCAF?

TCAF has the higher dividend yield at 0.48%, compared with 0.00% for TACU.

What is the main difference between TACU and TCAF?

Their fees differ too: 0.14% for TACU and 0.31% for TCAF.