TCAL vs. NVDW

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) and Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW).

TCAL and NVDW 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. NVDW is an actively managed fund by Roundhill. It was launched on Feb 19, 2025.

Performance

TCAL vs. NVDW - 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 Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW). The values are adjusted to include any dividend payments, if applicable.

TCAL vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
TCAL T. Rowe Price Capital Appreciation Premium Income ETF	-2.47%	1.09%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	-9.02%	40.00%

Returns By Period

In the year-to-date period, TCAL achieves a -2.47% return, which is significantly higher than NVDW's -9.02% return.

TCAL

• 1D: 0.99%
• 1M: -5.52%
• YTD: -2.47%
• 6M: -2.85%
• 1Y: -1.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDW

• 1D: 6.84%
• 1M: -2.31%
• YTD: -9.02%
• 6M: -10.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TCAL vs. NVDW - Expense Ratio Comparison

TCAL has a 0.34% expense ratio, which is lower than NVDW's 0.99% expense ratio.

NVDW

Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF

TCAL

T. Rowe Price Capital Appreciation Premium Income ETF

Return for Risk

TCAL vs. NVDW — Risk / Return Rank

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

TCAL

TCAL Risk / Return Rank: 9
TCAL Sharpe Ratio Rank: 10
TCAL Sortino Ratio Rank: 8
TCAL Omega Ratio Rank: 8
TCAL Calmar Ratio Rank: 11
TCAL Martin Ratio Rank: 10

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. NVDW - 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 Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW). 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	NVDW	Difference
Sharpe ratio Return per unit of total volatility	-0.12	—	—
Sortino ratio Return per unit of downside risk	-0.09	—	—
Omega ratio Gain probability vs. loss probability	0.99	—	—
Calmar ratio Return relative to maximum drawdown	-0.07	—	—
Martin ratio Return relative to average drawdown	-0.22	—	—
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	NVDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.85	-0.93

Correlation

The correlation between TCAL and NVDW is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TCAL vs. NVDW - Dividend Comparison

TCAL's dividend yield for the trailing twelve months is around 11.74%, less than NVDW's 60.38% yield.

	TTM	2025
TCAL T. Rowe Price Capital Appreciation Premium Income ETF	11.74%	8.34%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	60.38%	38.94%

Drawdowns

TCAL vs. NVDW - Drawdown Comparison

The maximum TCAL drawdown since its inception was -7.24%, smaller than the maximum NVDW drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for TCAL and NVDW.

Drawdown Indicators

	TCAL	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-7.24%	-25.54%	+18.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	—	—
Current Drawdown Current decline from peak	-5.52%	-20.45%	+14.93%
Average Drawdown Average peak-to-trough decline	-1.59%	-8.20%	+6.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	—	—

Volatility

Volatility by Period

	TCAL	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.70%	40.13%	-28.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.68%	40.13%	-28.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.68%	40.13%	-28.45%