Which paid more, DYLG or TCAL?

Over the year to Nov 4, 2026, DYLG paid 9.2% of its starting price in cash and TCAL paid 11.4%, so TCAL paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, DYLG or TCAL?

With every distribution reinvested, DYLG returned +14.8% and TCAL +11.2% over the year to Nov 4, 2026.

Which is cheaper, DYLG or TCAL?

DYLG charges 0.35% a year and TCAL charges 0.34%, so TCAL is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

DYLG vs TCAL: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, TCAL paid 11.4% of its price in cash against DYLG’s 9.2%, though DYLG returned more with it reinvested.

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Net assets: $4.8m on Oct 12, 2026 for Global X Dow 30 Covered Call & Growth ETF, and $324m on Nov 3, 2026 for T. Rowe Price Capital Appreciation Premium Income ETF.

DYLG on its own →TCAL on its own →

At a glance

9.2%

DYLG cash paid, 1 year

11.4%

TCAL cash paid, 1 year

+14.8%

DYLG total return, 1 year

+11.2%

TCAL total return, 1 year

DYLG · 1 year to Nov 4, 2026 Not measured

DYLG

+14.8%

none

Not measured

DYLG over 1 year: paid 9.2%, price +4.7%, total +14.8%, not measured against a benchmark. Data to Nov 4, 2026.

DYLG

+14.8%

9.2% of it arrived as cash

Total return, distributions reinvested

Not measured

DYLG over 1 year: paid 9.2%, price +4.7%, total +14.8%, not measured against a benchmark. Data to Nov 4, 2026.

DYLG

+14.8%

9.2% cash

9.2% of it arrived as cash. Total return, distributions reinvested. DYLG over 1 year: paid 9.2%, price +4.7%, total +14.8%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

TCAL · 1 year to Nov 4, 2026 3.4 pts behind its own stocks

TCAL

+11.2%

Own

+14.6%

3.4 pts behind its own stocks

TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.

its own stocks

+14.6%

TCAL

+11.2%

11.4% of it arrived as cash

3.4 pts behind its own stocks

Total return, distributions reinvested

3.4 pts behind its own stocks

TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.

its own stocks

+14.6%

TCAL

+11.2%

11.4% as cash

3.4 pts behind its own stocks

11.4% of it arrived as cash. Both charts share one scale, with zero at the line. TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

TCAL costs 0.01 points a year less; their one-year returns differ by 3.6 points; TCAL is far larger, $310m against $4.8m.

Points (pts) are percentage points.

DYLG vs TCAL: Dividend Yield & Total Return
Measure	DYLG	TCAL
Paid and earned
Measure	DYLG	TCAL
Total return, 1 year	+14.8%	+11.2%
Price change, 1 year	rose 4.7%	fell 1.2%
Return of capital, issuer estimate	32% of the Sep 24, 2026 payment
Against its benchmark
Measure	DYLG	TCAL
Benchmark	not published	its own stocks
Cost and size
Measure	DYLG	TCAL
Expense ratio	0.35%	0.34%
Net assets, as of Oct 12, 2026	$4.8m	$310m
Holdings
Measure	DYLG	TCAL
Holdings in common	13%

Method

Risk and return

Apr 4, 2025 to Oct 30, 2026 · 82 weekly returns

DYLG TCAL

Return

Total return edge DYLG +33.2% +15.2%

Annualized edge DYLG +19.9% +9.4%

Price return edge DYLG +18.3% −3.8%

Risk

Volatility edge TCAL 9.5% 8.5%

Max drawdown edge TCAL −8.2% −7.0%

Risk-adjusted

Sharpe edge DYLG 1.55 0.64

Sortino edge DYLG 2.66 0.95

Calmar edge DYLG 2.44 1.34

Reading

From Apr 2025 to Oct 2026, DYLG returned more: +33.2% to +15.2%. TCAL swung less: 8.5% to 9.5%. TCAL fell less at its worst: −7.0% to −8.2%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: DYLG vs TCAL: Dividend Yield & Total Return
Measure	DYLG	TCAL	Edge	How it is measured
Return
Total return	+33.2%	+15.2%	DYLG	Price change plus distributions, reinvested.
Annualized	+19.9%	+9.4%	DYLG	Total return as a yearly rate.
Price return	+18.3%	−3.8%	DYLG	Price change alone, distributions left out.
Risk
Volatility	9.5%	8.5%	TCAL	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	5.5%	5.7%	DYLG (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−8.2%	−7.0%	TCAL	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.55	0.64	DYLG	Return above Treasury bills per unit of volatility.
Sortino	2.66	0.95	DYLG	Return above Treasury bills per unit of downside deviation.
Calmar	2.44	1.34	DYLG	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 82 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

13%

By the books each fund has filed, DYLG and TCAL hold 13% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

13% in common

Positions both hold · largest shared weight first DYLG TCAL

MCDONALD'S CORPORATION 3.08% 1.71%

VISA INC. 4.17% 1.71%

AMAZON.COM, INC. 3.09% 1.55%

MICROSOFT CORPORATION 5.29% 1.51%

CISCO SYSTEMS, INC. 1.32% 1.15%

THE PROCTER & GAMBLE COMPANY 1.65% 0.97%

THE COCA-COLA COMPANY 1.00% 0.91%

JOHNSON & JOHNSON 2.92% 0.87%

WALMART INC. 1.27% 0.78%

THE HOME DEPOT, INC. 3.78% 0.64%

UNITEDHEALTH GROUP INCORPORATED 4.72% 0.51%

MERCK & CO., INC. 1.48% 0.39%

Only in one fund ↓

Only in DYLG

THE GOLDMAN SACHS GROUP, INC. 11.60%

CATERPILLAR INC. 9.28%

AMGEN INC. 4.39%

The Travelers Companies, Inc. 4.26%

ALPHABET INC. 4.05%

JPMORGAN CHASE & CO. 4.01%

THE SHERWIN-WILLIAMS COMPANY 3.88%

AMERICAN EXPRESS COMPANY 3.83%

Only in TCAL

DANAHER CORP 2.02%

WATERS CORP 1.99%

VERALTO CORP 1.89%

WASTE CONNECTIONS INC 1.82%

YUM BRANDS INC 1.73%

LINDE PLC 1.65%

LOCKHEED MARTIN CORP 1.61%

NORTHROP GRUMMAN CORP 1.58%

Check overlap with more funds →

Side by side

DYLG Global X Dow 30 Covered Call & Growth ETF · Covered call, paying monthly TCAL T. Rowe Price Capital Appreciation Premium Income ETF · Covered call on its own stocks, paying monthly

Issuer Global X T. Rowe Price

Strategy covered call covered call

Benchmark none TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026)

Pays monthly monthly

Payout rate, annualized 4.0% 13.0%

Expense ratio 0.35% 0.34%

Cash paid, 1 year 9.2% 11.4%

Price change, 1 year +4.7% −1.2%

Total return, 1 year +14.8% +11.2%

Benchmark return, 1 year not published +14.6%

Ahead or behind not available −3.4 pts

Return of capital, latest estimate 32% not published

Age 3.3 years 1.6 years

Net assets, DYLG as of Oct 12, 2026 and TCAL as of Nov 3, 2026 $4.8m $324m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: DYLG vs TCAL: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	DYLG	TCAL	DYLG	TCAL	DYLG	TCAL
3 months	−0.1%	+5.3%	0.8%	2.6%	not measured	−1.8 pts
6 months	+8.2%	+12.3%	1.8%	6.3%	not measured	−0.9 pts
1 year	+14.8%	+11.2%	9.2%	11.4%	not measured	−3.5 pts
3 years	+53.4%	–	31.6%	–	not measured	–
Since launchNot the same days: DYLG Jul 2023 · TCAL Mar 2025	+49.0%	+12.0%	31.3%	16.9%	not measured	not measured

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Client brief:

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About each fund

DYLG

Over the year to Nov 4, 2026, DYLG paid 9.2% of its starting value in cash distributions while its price rose 4.7%. With every distribution reinvested, the fund returned +14.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 4.0%, paid monthly. Global X estimates that 32% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

TCAL

Over the year to Nov 4, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 1.2%. With every distribution reinvested, the fund returned +11.2%. TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +14.6% over the same days, so a holder was behind by 3.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 13.0%, paid monthly.

Questions people ask

Which paid more, DYLG or TCAL?: Over the year to Nov 4, 2026, DYLG paid 9.2% of its starting price in cash and TCAL paid 11.4%, so TCAL paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, DYLG or TCAL?: With every distribution reinvested, DYLG returned +14.8% and TCAL +11.2% over the year to Nov 4, 2026.
Which is cheaper, DYLG or TCAL?: DYLG charges 0.35% a year and TCAL charges 0.34%, so TCAL is cheaper. Fees come from each fund's prospectus.

Other comparisons

DYLG vs SCEP DYLG vs GRNI DYLG vs HEMI DYLG vs CVRD TCAL vs ODTE TCAL vs TPAY TCAL vs XIDE TCAL vs SIOO

Where to next

All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →DYLG on its own →TCAL on its own →DYLG dividend history →DYLG holdings →TCAL dividend history →TCAL holdings →Method →Standards and sources →

Sources and dates

DYLG filings on SEC EDGAR ↗

DYLG prospectus with the expense ratio (SEC) ↗

DYLG 19a-1 distribution notice ↗

Global X page for DYLG ↗

TCAL filings on SEC EDGAR ↗

TCAL prospectus with the expense ratio (SEC) ↗

T. Rowe Price website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, DYLG against TCAL, data as of Nov 4, 2026. https://etfiq.com/compare/income/dylg-vs-tcal

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.