XXV vs. TCAL

Last updated Jul 12, 2026

XXV (Simplify Ancorato Target 25 Distribution ETF) and TCAL (T. Rowe Price Capital Appreciation Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. XXV charges 0.85%/yr vs 0.34%/yr for TCAL.

Performance

XXV vs. TCAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Ancorato Target 25 Distribution ETF (XXV) and T. Rowe Price Capital Appreciation Premium Income ETF (TCAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XXV achieves a 4.69% return, which is significantly higher than TCAL's 2.86% return.

XXV

• 1D: -0.34%
• 1M: 0.71%
• 6M: 4.20%
• YTD: 4.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCAL

• 1D: 0.57%
• 1M: 4.06%
• 6M: 1.48%
• YTD: 2.86%
• 1Y: 3.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XXV vs. TCAL - Yearly Performance Comparison

	2026 (YTD)	2025
XXV Simplify Ancorato Target 25 Distribution ETF	4.69%	4.06%
TCAL T. Rowe Price Capital Appreciation Premium Income ETF	2.86%	-0.25%

Correlation

The correlation between XXV and TCAL is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.05

Return for Risk

XXV vs. TCAL — Risk / Return Rank

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

XXV

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

TCAL

TCAL Risk / Return Rank: 15
TCAL Sharpe Ratio Rank: 15
TCAL Sortino Ratio Rank: 14
TCAL Omega Ratio Rank: 13
TCAL Calmar Ratio Rank: 16
TCAL Martin Ratio Rank: 16

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.

XXV vs. TCAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Ancorato Target 25 Distribution ETF (XXV) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XXV	TCAL	Difference
Sharpe ratio: Return per unit of total volatility	—	0.32	—
Sortino ratio: Return per unit of downside risk	—	0.53	—
Omega ratio: Gain probability vs. loss probability	—	1.06	—
Calmar ratio: Return relative to maximum drawdown	—	0.45	—
Martin ratio: Return relative to average drawdown	—	1.07	—

Drawdowns

XXV vs. TCAL - Drawdown Comparison

The maximum XXV drawdown since its inception was -8.90%, which is greater than TCAL's maximum drawdown of -7.24%. Use the drawdown chart below to compare losses from any high point for XXV and TCAL.

Drawdown Indicators

	XXV	TCAL	Difference
Max Drawdown Largest peak-to-trough decline	-8.90%	-7.24%	-1.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.00%	—
Current Drawdown Current decline from peak	-1.65%	-0.36%	-1.29%
Average Drawdown Average peak-to-trough decline	-2.05%	-2.11%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.91%	—

Volatility

Volatility by Period

	XXV	TCAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.99%	9.63%	+3.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.99%	11.19%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.99%	11.19%	+1.80%

XXV vs. TCAL - Expense Ratio Comparison

XXV has a 0.85% expense ratio, which is higher than TCAL's 0.34% expense ratio.

Dividends

XXV vs. TCAL - Dividend Comparison

XXV's dividend yield for the trailing twelve months is around 15.13%, more than TCAL's 12.10% yield.

Position	TTM	2025
TCAL T. Rowe Price Capital Appreciation Premium Income ETF	12.10%	8.34%
XXV Simplify Ancorato Target 25 Distribution ETF	15.13%	2.36%

Frequently Asked Questions

Can I hold both XXV and TCAL in my portfolio?

XXV and TCAL have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XXV or TCAL?

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, XXV or TCAL?

TCAL is cheaper with a 0.34% expense ratio, compared with 0.85% for XXV.

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

XXV has the higher dividend yield at 15.13%, compared with 12.10% for TCAL.

What is the main difference between XXV and TCAL?

They also come from different issuers: Simplify and T. Rowe Price. Their fees differ too: 0.85% for XXV and 0.34% for TCAL.