TCAL vs. IPDP

Last updated Jun 4, 2026

TCAL (T. Rowe Price Capital Appreciation Premium Income ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. TCAL charges 0.34%/yr vs 1.52%/yr for IPDP.

Performance

TCAL vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TCAL

• 1D: 0.23%
• 1M: -1.26%
• YTD: -2.88%
• 6M: -2.97%
• 1Y: -1.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TCAL vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
TCAL T. Rowe Price Capital Appreciation Premium Income ETF	-5.48%
IPDP Dividend Performers ETF	0.00%

TCAL vs. IPDP - Sectors Allocation Comparison

Sectors	TCAL	IPDP
Industrials	19.3%	45.1%
Healthcare	18.7%	13.6%
Financial Services	15.0%	18.6%
Consumer Defensive	11.3%	3.9%
Technology	11.3%	13.1%
Utilities	9.8%	-
Consumer Cyclical	8.7%	3.6%
Real Estate	2.2%	-
Basic Materials	1.7%	1.5%
Energy	1.3%	-
Communication Services	0.9%	-

Return for Risk

TCAL vs. IPDP — Risk / Return Rank

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

TCAL

TCAL Risk / Return Rank: 6
TCAL Sharpe Ratio Rank: 7
TCAL Sortino Ratio Rank: 6
TCAL Omega Ratio Rank: 6
TCAL Calmar Ratio Rank: 6
TCAL Martin Ratio Rank: 5

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.

TCAL vs. IPDP - 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 Dividend Performers ETF (IPDP). 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	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	—	—
Sortino ratio: Return per unit of downside risk	-0.22	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.27	—	—
Martin ratio: Return relative to average drawdown	-0.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TCAL	IPDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	—	—

Drawdowns

TCAL vs. IPDP - Drawdown Comparison

The maximum TCAL drawdown since its inception was -7.24%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TCAL and IPDP.

Drawdown Indicators

	TCAL	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-7.24%	0.00%	-7.24%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	—	—
Current Drawdown Current decline from peak	-5.92%	0.00%	-5.92%
Average Drawdown Average peak-to-trough decline	-2.02%	0.00%	-2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	—	—

Volatility

Volatility by Period

	TCAL	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.31%	0.00%	+9.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.25%	0.00%	+11.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.25%	0.00%	+11.25%

TCAL vs. IPDP - Expense Ratio Comparison

TCAL has a 0.34% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

TCAL vs. IPDP - Dividend Comparison

TCAL's dividend yield for the trailing twelve months is around 11.96%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025
IPDP Dividend Performers ETF	0.00%	0.00%
TCAL T. Rowe Price Capital Appreciation Premium Income ETF	11.96%	8.34%

Frequently Asked Questions

Which ETF is better, TCAL or IPDP?

On fees, TCAL is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TCAL or IPDP?

TCAL is cheaper with a 0.34% expense ratio, compared with 1.52% for IPDP.

Which ETF pays a higher dividend yield, TCAL or IPDP?

TCAL has the higher dividend yield at 11.96%, compared with 0.00% for IPDP.

What is the main difference between TCAL and IPDP?

They also come from different issuers: T. Rowe Price and Innovative Portfolios. Their fees differ too: 0.34% for TCAL and 1.52% for IPDP.