Data as of .
JOYT vs TCAL: which paid, and which earned it?
Over the year TCAL paid 11.4% of its price in cash against JOYT’s 0.7%, though JOYT returned more with it reinvested.
ETFIQ Return Stability Score: JOYT scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, JOYT and TCAL hold 21% of their money in the same securities at the same weight.
| Holding | JOYT | TCAL |
|---|---|---|
| Amazon.com, Inc. | 4.78% | 1.53% |
| Mastercard, Inc. | 1.59% | 1.50% |
| Microsoft Corp. | 5.68% | 1.50% |
| Exxon Mobil Corp. | 1.91% | 1.16% |
| Meta Platforms, Inc. | 2.73% | 1.01% |
| Broadcom, Inc. | 2.98% | 0.95% |
| RTX Corp. | 1.02% | 0.86% |
| McDonald's Corp. | 0.73% | 1.70% |
| Southern Co. (The) | 0.79% | 0.72% |
| Stryker Corp. | 0.71% | 1.50% |
| Northrop Grumman Corp. | 0.70% | 1.56% |
| Thermo Fisher Scientific, Inc. | 0.70% | 1.49% |
| Only in JOYT | Only in TCAL |
|---|---|
| NVIDIA Corp. 8.64% | DANAHER CORP 2.01% |
| Apple, Inc. 6.51% | WATERS CORP 1.97% |
| Alphabet, Inc. 5.94% | VERALTO CORP 1.87% |
| Wells Fargo & Co. 2.22% | WASTE CONNECTIONS INC 1.80% |
| Micron Technology, Inc. 1.78% | YUM BRANDS INC 1.72% |
| Tesla, Inc. 1.45% | VISA INC-CLASS A SHARES 1.69% |
| Seagate Technology Holdings plc 1.37% | LOCKHEED MARTIN CORP 1.60% |
| Bank of America Corp. 1.28% | TELEDYNE TECHNOLOGIES INC 1.56% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| JOYT | TCAL | JOYT | TCAL | JOYT | TCAL | |
| 3 months | +3.8% | +4.2% | 0.2% | 3.5% | +1.5 pts | +1.9 pts |
| 6 months | +11.9% | +5.3% | 0.4% | 6.3% | −6.1 pts | −12.7 pts |
| 1 year | +15.9% | +3.0% | 0.7% | 11.4% | −0.7 pts | −13.5 pts |
| Since launch | +19.6% | +3.9% | 0.7% | 15.2% | −1.1 pts | −32.7 pts |
| JOYT JPMorgan Equity and Options Total Return ETF Option income on SPY, paying quarterly | TCAL T. Rowe Price Capital Appreciation Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | JPMorgan | T. Rowe Price |
| Strategy | option income | covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY), used as a default proxy |
| Pays | quarterly | monthly |
| Payout rate, annualized | 0.7% | 9.4% |
| Expense ratio | 0.35% | 0.34% |
| Cash paid, 1 year | 0.7% | 11.4% |
| Price change, 1 year | +15.2% | −8.6% |
| Total return, 1 year | +15.9% | +3.0% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −0.7 pts | −13.5 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 395 days | 540 days |
| Net assets | $108m | $276m |
JOYT in plain words
Over the year to Sep 18, 2026, JOYT paid 0.7% of its starting value in cash distributions while its price rose 15.2%. With every distribution reinvested, the fund returned +15.9%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 0.7 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 0.7%, paid quarterly.
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 paid more, JOYT or TCAL?
- Over the year to Sep 18, 2026, JOYT paid 0.7% 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, JOYT or TCAL?
- With every distribution reinvested, JOYT returned +15.9% and TCAL returned +3.0% over the year to Sep 18, 2026, so JOYT returned more.
- Which is cheaper, JOYT or TCAL?
- JOYT charges 0.35% 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, JOYT against TCAL, data as of Sep 18, 2026. https://etfiq.com/compare/income/joyt-vs-tcal Free to use with attribution; the underlying files are at Open data.