TPRY vs. TCAL

Last updated Apr 1, 2026

Compare and contrast key facts about VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) and T. Rowe Price Capital Appreciation Premium Income ETF (TCAL).

TPRY and TCAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TPRY is a passively managed fund by VistaShares that tracks the performance of the BITA VistaShares TEPRTantrum Select. It was launched on Feb 26, 2026. TCAL is an actively managed fund by T. Rowe Price. It was launched on Mar 26, 2025.

Performance

TPRY vs. TCAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) and T. Rowe Price Capital Appreciation Premium Income ETF (TCAL). The values are adjusted to include any dividend payments, if applicable.

TPRY vs. TCAL - Yearly Performance Comparison

	2026 (YTD)
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	-7.64%
TCAL T. Rowe Price Capital Appreciation Premium Income ETF	-4.84%

Returns By Period

TPRY

• 1D: 3.60%
• 1M: -6.34%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCAL

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

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

TPRY vs. TCAL - Expense Ratio Comparison

TPRY has a 0.95% expense ratio, which is higher than TCAL's 0.34% expense ratio.

TPRY

VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF

TCAL

T. Rowe Price Capital Appreciation Premium Income ETF

Return for Risk

TPRY vs. TCAL — 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.

TPRY vs. TCAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) and T. Rowe Price Capital Appreciation Premium Income ETF (TCAL). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TPRY	TCAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	-2.22	-0.08	-2.14

Correlation

The correlation between TPRY and TCAL is 0.45, 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

TPRY vs. TCAL - Dividend Comparison

TPRY's dividend yield for the trailing twelve months is around 1.25%, less than TCAL's 11.74% yield.

	TTM	2025
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	1.25%	0.00%
TCAL T. Rowe Price Capital Appreciation Premium Income ETF	11.74%	8.34%

Drawdowns

TPRY vs. TCAL - Drawdown Comparison

The maximum TPRY drawdown since its inception was -10.85%, which is greater than TCAL's maximum drawdown of -7.24%. Use the drawdown chart below to compare losses from any high point for TPRY and TCAL.

Drawdown Indicators

	TPRY	TCAL	Difference
Max Drawdown Largest peak-to-trough decline	-10.85%	-7.24%	-3.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.24%	—
Current Drawdown Current decline from peak	-7.64%	-5.52%	-2.12%
Average Drawdown Average peak-to-trough decline	-5.79%	-1.59%	-4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.13%	—

Volatility

Volatility by Period

	TPRY	TCAL	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	26.75%	11.70%	+15.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.75%	11.68%	+15.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.75%	11.68%	+15.07%