TCAF vs. XOMO

Last updated Aug 4, 2026

TCAF (T. Rowe Price Capital Appreciation Equity ETF) and XOMO (YieldMax XOM Option Income Strategy ETF) are both exchange-traded funds - TCAF is a Large Cap Blend Equities fund actively managed by T. Rowe Price, while XOMO is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, TCAF returned 17.81% vs 29.81% for XOMO. Their 0.01 correlation means their historical movements had little consistent relationship. TCAF charges 0.31%/yr vs 1.01%/yr for XOMO.

Performance

TCAF vs. XOMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Capital Appreciation Equity ETF (TCAF) and YieldMax XOM Option Income Strategy ETF (XOMO). 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 XOMO's 20.15% 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%

XOMO

• 1D: -0.09%
• 1M: 10.85%
• 6M: 7.87%
• YTD: 20.15%
• 1Y: 29.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.81%

*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)
TCAF T. Rowe Price Capital Appreciation Equity ETF	$20.52M	$22.08M	$27.72M
XOMO YieldMax XOM Option Income Strategy ETF	$559.24K	$694.66K	$715.05K

TCAF vs. XOMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TCAF T. Rowe Price Capital Appreciation Equity ETF	10.23%	15.45%	20.93%	6.26%
XOMO YieldMax XOM Option Income Strategy ETF	20.15%	6.90%	6.11%	-8.59%

Correlation

The correlation between TCAF and XOMO is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.26
Correlation (All Time) Calculated using the full available price history since Aug 31, 2023	0.01

The correlation between TCAF and XOMO shifts across timeframes, from -0.26 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TCAF vs. XOMO — 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

XOMO

XOMO Risk / Return Rank: 52
XOMO Sharpe Ratio Rank: 59
XOMO Sortino Ratio Rank: 55
XOMO Omega Ratio Rank: 57
XOMO Calmar Ratio Rank: 46
XOMO Martin Ratio Rank: 40

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. XOMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Equity ETF (TCAF) and YieldMax XOM Option Income Strategy ETF (XOMO). 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	XOMO	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.45	+0.02
Sortino ratio: Return per unit of downside risk	2.06	1.96	+0.09
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	1.58	1.74	-0.16
Martin ratio: Return relative to average drawdown	6.11	4.35	+1.76

TCAF vs. XOMO - Sharpe Ratio Comparison

The current TCAF Sharpe Ratio is 1.47, which is comparable to the XOMO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of TCAF and XOMO, 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. XOMO - Drawdown Comparison

The maximum TCAF drawdown since its inception was -16.37%, smaller than the maximum XOMO drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for TCAF and XOMO.

Drawdown Indicators

	TCAF	XOMO	Difference
Max Drawdown Largest peak-to-trough decline	-16.37%	-18.90%	+2.53%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-17.25%	+5.92%
Max Drawdown (3Y) Largest decline over 3 years	-16.37%	—	—
Current Drawdown Current decline from peak	0.00%	-7.65%	+7.65%
Average Drawdown Average peak-to-trough decline	-2.03%	-7.50%	+5.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	6.89%	-3.97%

Volatility

TCAF vs. XOMO - Volatility Comparison

The current volatility for T. Rowe Price Capital Appreciation Equity ETF (TCAF) is 3.52%, while YieldMax XOM Option Income Strategy ETF (XOMO) has a volatility of 6.21%. This indicates that TCAF experiences smaller price fluctuations and is considered to be less risky than XOMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCAF	XOMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	6.21%	-2.69%
Volatility (6M) Calculated over the trailing 6-month period	9.63%	17.24%	-7.61%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	20.67%	-8.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	19.19%	-5.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.92%	19.19%	-5.27%

TCAF vs. XOMO - Expense Ratio Comparison

TCAF has a 0.31% expense ratio, which is lower than XOMO's 1.01% expense ratio.

Dividends

TCAF vs. XOMO - Dividend Comparison

TCAF's dividend yield for the trailing twelve months is around 0.45%, less than XOMO's 37.07% yield.

Position	TTM	2025	2024	2023
TCAF T. Rowe Price Capital Appreciation Equity ETF	0.45%	0.50%	0.43%	0.26%
XOMO YieldMax XOM Option Income Strategy ETF	37.07%	31.64%	26.94%	5.13%

Frequently Asked Questions

Can I hold both TCAF and XOMO in my portfolio?

TCAF and XOMO have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TCAF or XOMO?

XOMO has higher volatility (6.21%) compared to TCAF (3.52%). In terms of maximum drawdown, TCAF dropped -16.37% vs XOMO's -18.90%.

Which ETF is better, TCAF or XOMO?

On 1-year performance, XOMO leads with 29.81% vs 17.81% for TCAF. On fees, TCAF is cheaper at 0.31% per year. On volatility, TCAF has been the lower-risk option at 3.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TCAF or XOMO?

Over the 1-year period, XOMO has performed better with a 29.81% 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 XOMO?

TCAF is cheaper with a 0.31% expense ratio, compared with 1.01% for XOMO.

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

XOMO has the higher dividend yield at 37.07%, compared with 0.45% for TCAF.

What is the main difference between TCAF and XOMO?

TCAF is categorized as Large Cap Blend Equities, while XOMO is Derivative Income. They also come from different issuers: T. Rowe Price and YieldMax. Their fees differ too: 0.31% for TCAF and 1.01% for XOMO.

Which has better risk-adjusted returns?

TCAF currently has the higher Sharpe Ratio (1.47 vs 1.45), 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.