TCAL vs. FTQI
Compare and contrast key facts about T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) and First Trust Nasdaq BuyWrite Income ETF (FTQI).
TCAL and FTQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCAL is an actively managed fund by T. Rowe Price. It was launched on Mar 26, 2025. FTQI is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 6, 2014.
Performance
TCAL vs. FTQI - Performance Comparison
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TCAL vs. FTQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCAL T. Rowe Price Capital Appreciation Premium Income ETF | -2.47% | 1.58% |
FTQI First Trust Nasdaq BuyWrite Income ETF | -1.37% | 19.16% |
Returns By Period
In the year-to-date period, TCAL achieves a -2.47% return, which is significantly lower than FTQI's -1.37% return.
TCAL
- 1D
- 0.99%
- 1M
- -5.52%
- YTD
- -2.47%
- 6M
- -2.85%
- 1Y
- -1.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTQI
- 1D
- 3.05%
- 1M
- -1.40%
- YTD
- -1.37%
- 6M
- 2.69%
- 1Y
- 19.08%
- 3Y*
- 13.75%
- 5Y*
- 9.36%
- 10Y*
- 6.85%
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TCAL vs. FTQI - Expense Ratio Comparison
TCAL has a 0.34% expense ratio, which is lower than FTQI's 0.75% expense ratio.
Return for Risk
TCAL vs. FTQI — Risk / Return Rank
TCAL
FTQI
TCAL vs. FTQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) and First Trust Nasdaq BuyWrite Income ETF (FTQI). 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.
| TCAL | FTQI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.12 | 1.12 | -1.24 |
Sortino ratioReturn per unit of downside risk | -0.09 | 1.70 | -1.78 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.28 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.66 | -1.72 |
Martin ratioReturn relative to average drawdown | -0.22 | 9.64 | -9.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TCAL | FTQI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 1.12 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.45 | -0.53 |
Correlation
The correlation between TCAL and FTQI is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TCAL vs. FTQI - Dividend Comparison
TCAL's dividend yield for the trailing twelve months is around 11.74%, less than FTQI's 11.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCAL T. Rowe Price Capital Appreciation Premium Income ETF | 11.74% | 8.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTQI First Trust Nasdaq BuyWrite Income ETF | 11.97% | 11.46% | 11.66% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 3.27% | 2.74% | 3.02% | 3.54% |
Drawdowns
TCAL vs. FTQI - Drawdown Comparison
The maximum TCAL drawdown since its inception was -7.24%, smaller than the maximum FTQI drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for TCAL and FTQI.
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Drawdown Indicators
| TCAL | FTQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.24% | -19.42% | +12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -11.75% | +4.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.42% | — |
Current DrawdownCurrent decline from peak | -5.52% | -3.38% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -3.81% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.02% | +0.11% |
Volatility
TCAL vs. FTQI - Volatility Comparison
The current volatility for T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) is 3.36%, while First Trust Nasdaq BuyWrite Income ETF (FTQI) has a volatility of 5.30%. This indicates that TCAL experiences smaller price fluctuations and is considered to be less risky than FTQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCAL | FTQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 5.30% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 8.88% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.70% | 17.12% | -5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.68% | 14.83% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 13.41% | -1.73% |