TCAF vs. LRGC

Last updated Aug 4, 2026

TCAF (T. Rowe Price Capital Appreciation Equity ETF) and LRGC (AB US Large Cap Strategic Equities ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, TCAF returned 17.81% vs 19.31% for LRGC. Their correlation of 0.92 means they have usually moved in the same direction. TCAF charges 0.31%/yr vs 0.48%/yr for LRGC.

Performance

TCAF vs. LRGC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Capital Appreciation Equity ETF (TCAF) and AB US Large Cap Strategic Equities ETF (LRGC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCAF achieves a 10.23% return, which is significantly lower than LRGC's 11.05% return.

TCAF

• 1D: 1.54%
• 1M: 1.74%
• 6M: 10.14%
• YTD: 10.23%
• 1Y: 17.81%
• 3Y*: 18.35%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.19%

LRGC

• 1D: 1.42%
• 1M: 2.75%
• 6M: 9.57%
• YTD: 11.05%
• 1Y: 19.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.37%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LRGC AB US Large Cap Strategic Equities ETF	$2.39M	$3.10M	$3.93M
TCAF T. Rowe Price Capital Appreciation Equity ETF	$20.52M	$22.08M	$27.72M

TCAF vs. LRGC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TCAF T. Rowe Price Capital Appreciation Equity ETF	10.23%	15.45%	20.93%	7.91%
LRGC AB US Large Cap Strategic Equities ETF	11.05%	16.23%	24.92%	8.11%

Correlation

The correlation between TCAF and LRGC is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023	0.92

The correlation between TCAF and LRGC has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

TCAF vs. LRGC - Sectors Allocation Comparison

Sectors	TCAF	LRGC
Technology	33.6%	32.1%
Healthcare	16.1%	9.3%
Communication Services	11.6%	11.4%
Financial Services	9.8%	13.5%
Utilities	9.1%	2.9%
Consumer Cyclical	6.7%	7.9%
Industrials	5.9%	9.1%
Consumer Defensive	3.2%	2.8%
Energy	2.1%	3.1%
Basic Materials	0.2%	1.2%
Real Estate	0.1%	1.5%

Return for Risk

TCAF vs. LRGC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TCAF

TCAF Risk / Return Rank: 55
TCAF Sharpe Ratio Rank: 61
TCAF Sortino Ratio Rank: 59
TCAF Omega Ratio Rank: 59
TCAF Calmar Ratio Rank: 44
TCAF Martin Ratio Rank: 51

LRGC

LRGC Risk / Return Rank: 59
LRGC Sharpe Ratio Rank: 62
LRGC Sortino Ratio Rank: 61
LRGC Omega Ratio Rank: 60
LRGC Calmar Ratio Rank: 51
LRGC Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TCAF vs. LRGC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Equity ETF (TCAF) and AB US Large Cap Strategic Equities ETF (LRGC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TCAF	LRGC	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.54	-0.08
Sortino ratio: Return per unit of downside risk	2.06	2.16	-0.11
Omega ratio: Gain probability vs. loss probability	1.26	1.27	-0.01
Calmar ratio: Return relative to maximum drawdown	1.58	1.94	-0.36
Martin ratio: Return relative to average drawdown	6.11	7.84	-1.73

TCAF vs. LRGC - Sharpe Ratio Comparison

The current TCAF Sharpe Ratio is 1.47, which is comparable to the LRGC Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of TCAF and LRGC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TCAF vs. LRGC - Drawdown Comparison

The maximum TCAF drawdown since its inception was -16.37%, smaller than the maximum LRGC drawdown of -19.38%. Use the drawdown chart below to compare losses from any high point for TCAF and LRGC.

Drawdown Indicators

	TCAF	LRGC	Difference
Max Drawdown Largest peak-to-trough decline	-16.37%	-19.38%	+3.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-10.00%	-1.33%
Max Drawdown (3Y) Largest decline over 3 years	-16.37%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.03%	-2.14%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	2.47%	+0.45%

Volatility

TCAF vs. LRGC - Volatility Comparison

T. Rowe Price Capital Appreciation Equity ETF (TCAF) and AB US Large Cap Strategic Equities ETF (LRGC) have volatilities of 3.52% and 3.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCAF	LRGC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	3.49%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.63%	9.94%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	12.60%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	15.13%	-1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.92%	15.13%	-1.21%

TCAF vs. LRGC - Expense Ratio Comparison

TCAF has a 0.31% expense ratio, which is lower than LRGC's 0.48% expense ratio.

Dividends

TCAF vs. LRGC - Dividend Comparison

TCAF's dividend yield for the trailing twelve months is around 0.45%, less than LRGC's 0.52% yield.

Position	TTM	2025	2024	2023
LRGC AB US Large Cap Strategic Equities ETF	0.52%	0.58%	0.46%	0.17%
TCAF T. Rowe Price Capital Appreciation Equity ETF	0.45%	0.50%	0.43%	0.26%

Frequently Asked Questions

Can I hold both TCAF and LRGC in my portfolio?

With a correlation of 0.92, TCAF and LRGC 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 is riskier, TCAF or LRGC?

TCAF has higher volatility (3.52%) compared to LRGC (3.49%). In terms of maximum drawdown, TCAF dropped -16.37% vs LRGC's -19.38%.

Which ETF is better, TCAF or LRGC?

On 1-year performance, LRGC leads with 19.31% vs 17.81% for TCAF. On fees, TCAF is cheaper at 0.31% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TCAF or LRGC?

Over the 1-year period, LRGC has performed better with a 19.31% return vs 17.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TCAF or LRGC?

TCAF is cheaper with a 0.31% expense ratio, compared with 0.48% for LRGC.

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

LRGC has the higher dividend yield at 0.52%, compared with 0.45% for TCAF.

What is the main difference between TCAF and LRGC?

They also come from different issuers: T. Rowe Price and AllianceBernstein. Their fees differ too: 0.31% for TCAF and 0.48% for LRGC.

Which has better risk-adjusted returns?

LRGC currently has the higher Sharpe Ratio (1.54 vs 1.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.