Data as of .
DDDD vs TCAL: which paid, and which earned it?
DDDD and TCAL both write options for income.
What they hold in common
By the books each fund has filed, DDDD and TCAL hold 7% of their money in the same securities at the same weight.
| Holding | DDDD | TCAL |
|---|---|---|
| Lockheed Martin Corp | 2.74% | 1.60% |
| PepsiCo Inc | 3.50% | 1.16% |
| Abbott Laboratories | 4.53% | 1.08% |
| Procter & Gamble Co/The | 4.01% | 0.96% |
| Coca-Cola Co/The | 4.30% | 0.90% |
| Bristol-Myers Squibb Co | 3.27% | 0.51% |
| UnitedHealth Group Inc | 3.84% | 0.50% |
| Merck & Co Inc | 4.93% | 0.39% |
| Only in DDDD | Only in TCAL |
|---|---|
| Amgen Inc 4.38% | DANAHER CORP 2.01% |
| Chevron Corp 4.25% | WATERS CORP 1.97% |
| ConocoPhillips 4.07% | VERALTO CORP 1.87% |
| Verizon Communications Inc 3.96% | WASTE CONNECTIONS INC 1.80% |
| Home Depot Inc/The 3.68% | YUM BRANDS INC 1.72% |
| Texas Instruments Inc 3.32% | MCDONALD S CORP 1.70% |
| Altria Group Inc 2.94% | VISA INC-CLASS A SHARES 1.69% |
| Accenture PLC 2.81% | LINDE PLC 1.63% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| DDDD | TCAL | DDDD | TCAL | DDDD | TCAL | |
| 3 months | +4.9% | +4.2% | 1.6% | 3.5% | +2.6 pts | +1.9 pts |
| 6 months | +10.5% | +5.3% | 1.7% | 6.3% | −7.6 pts | −12.7 pts |
| 1 year | not published | +3.0% | not published | 11.4% | not published | −13.5 pts |
| Since launch | +8.7% | +3.9% | 1.6% | 15.2% | −6.5 pts | −32.7 pts |
| DDDD YieldMax(R) U.S. Stocks Target Double Distribution ETF Synthetic covered call on SPY | TCAL T. Rowe Price Capital Appreciation Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | YieldMax | T. Rowe Price |
| Strategy | synthetic covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | not established | monthly |
| Payout rate, annualized | 18.4% | 9.4% |
| Expense ratio | 1.01% | 0.34% |
| Cash paid, 1 year | 1.6% (since launch on Mar 12, 2026) | 11.4% |
| Price change, 1 year | +7.0% | −8.6% |
| Total return, 1 year | +8.7% (since launch on Mar 12, 2026) | +3.0% |
| Benchmark return, 1 year | +15.3% | +16.6% |
| Ahead or behind | −6.5 pts | −13.5 pts |
| Return of capital, latest estimate | 67% | not published |
| Age | 190 days | 540 days |
| Net assets | $7m | $276m |
DDDD in plain words
Over the period since launch on Mar 12, 2026 to Sep 18, 2026, DDDD paid 1.6% of its starting value in cash distributions while its price rose 7.0%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +15.3% over the same days, so a holder was behind by 6.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 18.4%, paid periodically. YieldMax estimates that 67% of the distribution paid Jul 6, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
TCAL in plain words
Over the year to Sep 18, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 8.6%. With every distribution reinvested, the fund returned +3.0%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 13.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.4%, paid monthly.
Questions people ask
- Which is cheaper, DDDD or TCAL?
- DDDD charges 1.01% a year and TCAL charges 0.34%, so TCAL is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DDDD against TCAL, data as of Sep 18, 2026. https://etfiq.com/compare/income/dddd-vs-tcal Free to use with attribution; the underlying files are at Open data.