TCAL vs. HYLB
Compare and contrast key facts about T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) and Xtrackers USD High Yield Corporate Bond ETF (HYLB).
TCAL and HYLB 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. HYLB is a passively managed fund by DWS that tracks the performance of the Solactive USD High Yield Corporates Total Market Index. It was launched on Dec 7, 2016.
Performance
TCAL vs. HYLB - Performance Comparison
Loading graphics...
TCAL vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCAL T. Rowe Price Capital Appreciation Premium Income ETF | -2.47% | 1.58% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | -0.81% | 7.37% |
Returns By Period
In the year-to-date period, TCAL achieves a -2.47% return, which is significantly lower than HYLB's -0.81% return.
TCAL
- 1D
- 0.99%
- 1M
- -5.52%
- YTD
- -2.47%
- 6M
- -2.85%
- 1Y
- -1.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYLB
- 1D
- 0.39%
- 1M
- -1.60%
- YTD
- -0.81%
- 6M
- 0.56%
- 1Y
- 6.56%
- 3Y*
- 7.87%
- 5Y*
- 3.77%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TCAL vs. HYLB - Expense Ratio Comparison
TCAL has a 0.34% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Return for Risk
TCAL vs. HYLB — Risk / Return Rank
TCAL
HYLB
TCAL vs. HYLB - 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 Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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 | HYLB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.12 | 1.21 | -1.33 |
Sortino ratioReturn per unit of downside risk | -0.09 | 1.80 | -1.88 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.29 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.73 | -1.80 |
Martin ratioReturn relative to average drawdown | -0.22 | 9.04 | -9.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TCAL | HYLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 1.21 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.56 | -0.64 |
Correlation
The correlation between TCAL and HYLB is 0.42, 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
TCAL vs. HYLB - Dividend Comparison
TCAL's dividend yield for the trailing twelve months is around 11.74%, more than HYLB's 6.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.42% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% |
Drawdowns
TCAL vs. HYLB - Drawdown Comparison
The maximum TCAL drawdown since its inception was -7.24%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for TCAL and HYLB.
Loading graphics...
Drawdown Indicators
| TCAL | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.24% | -22.91% | +15.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -3.88% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.54% | — |
Current DrawdownCurrent decline from peak | -5.52% | -1.84% | -3.68% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -2.47% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 0.74% | +1.39% |
Volatility
TCAL vs. HYLB - Volatility Comparison
T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) has a higher volatility of 3.36% compared to Xtrackers USD High Yield Corporate Bond ETF (HYLB) at 2.04%. This indicates that TCAL's price experiences larger fluctuations and is considered to be riskier than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TCAL | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 2.04% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 2.71% | +4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.70% | 5.43% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.68% | 7.44% | +4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 8.23% | +3.45% |