Which paid more, OARK or TCAL?

Over the year to Nov 4, 2026, OARK paid 33.3% of its starting price in cash and TCAL paid 11.4%, so OARK paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, OARK returned −2.6% and TCAL +11.2% over the year to Nov 4, 2026.

Which is cheaper, OARK or TCAL?

OARK charges 1.00% 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

OARK vs TCAL: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OARK paid 33.3% of its price in cash against TCAL’s 11.4%, though TCAL returned more with it reinvested.

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Net assets on Nov 3, 2026: $38m for YieldMax Innovation Option Income Strategy ETF and $324m for T. Rowe Price Capital Appreciation Premium Income ETF.

OARK on its own →TCAL on its own →

At a glance

33.3%

OARK cash paid, 1 year

11.4%

TCAL cash paid, 1 year

−2.6%

OARK total return, 1 year

+11.2%

TCAL total return, 1 year

OARK · 1 year to Nov 4, 2026 1.1 pts ahead of ARKK

OARK

−2.6%

ARKK

−3.7%

1.1 pts ahead of ARKK

OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

ARKK

−3.7%

OARK

−2.6%

1.1 pts ahead of ARKK

Total return, distributions reinvested

1.1 pts ahead of ARKK

OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

ARKK

−3.7%

OARK

−2.6%

1.1 pts ahead of ARKK

33.3% of it arrived as cash. Total return, distributions reinvested. OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. 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% cash

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 0.66 points a year less; their one-year returns differ by 13.8 points; TCAL is 8.5 times larger.

Points (pts) are percentage points.

OARK vs TCAL: Dividend Yield & Total Return
Measure	OARK	TCAL
Paid and earned
Measure	OARK	TCAL
Total return, 1 year	−2.6%	+11.2%
Price change, 1 year	fell 36.6%	fell 1.2%
Against its benchmark
Measure	OARK	TCAL
Benchmark	ARK Innovation ETF, measured through ARKK	its own stocks
Cost and size
Measure	OARK	TCAL
Expense ratio	1.00%	0.34%
Net assets, as of Nov 3, 2026	$38m	$324m
Holdings
Measure	OARK	TCAL
Holdings in common	0%

ETFIQ Distribution Coverage Score · TCAL scores higher How much of what it paid out did its total return cover?

IQ Income Score15.3OARK54.8TCAL

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

OARK 15.3

TCAL 54.8

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Risk and return

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

OARK TCAL

Return

Total return edge OARK +70.4% +15.2%

Annualized edge OARK +40.2% +9.4%

Price return edge TCAL −20.4% −3.8%

Risk

Volatility edge TCAL 27.5% 8.5%

Max drawdown edge TCAL −21.0% −7.0%

Risk-adjusted

Sharpe edge OARK 1.22 0.64

Sortino edge OARK 1.98 0.95

Calmar edge OARK 1.91 1.34

Reading

From Apr 2025 to Oct 2026, OARK returned more: +70.4% to +15.2%. TCAL swung less: 8.5% to 27.5%. TCAL fell less at its worst: −7.0% to −21.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: OARK vs TCAL: Dividend Yield & Total Return
Measure	OARK	TCAL	Edge	How it is measured
Return
Total return	+70.4%	+15.2%	OARK	Price change plus distributions, reinvested.
Annualized	+40.2%	+9.4%	OARK	Total return as a yearly rate.
Price return	−20.4%	−3.8%	TCAL	Price change alone, distributions left out.
Risk
Volatility	27.5%	8.5%	TCAL	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	17.0%	5.7%	TCAL	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−21.0%	−7.0%	TCAL	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.22	0.64	OARK	Return above Treasury bills per unit of volatility.
Sortino	1.98	0.95	OARK	Return above Treasury bills per unit of downside deviation.
Calmar	1.91	1.34	OARK	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

By the books each fund has filed, OARK and TCAL hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first OARK TCAL

Only in one fund ↓

Only in OARK

United States Treasury Note/Bond 3.375% 09/15/2027 31.70%

United States Treasury Note/Bond 2.375% 05/15/2027 25.99%

2ARKK US 11/20/26 C85.01 FLX 1.48%

ARKK US 11/06/26 C83 0.25%

ARKK US 11/06/26 C84 0.07%

ARKK US 11/06/26 C82 -0.16%

ARKK US 11/06/26 C81 -0.68%

2ARKK US 11/20/26 P85.01 FLX -7.39%

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%

MCDONALD S CORP 1.71%

VISA INC-CLASS A SHARES 1.71%

LINDE PLC 1.65%

Check overlap with more funds →

Side by side

OARK YieldMax Innovation Option Income Strategy ETF · Synthetic covered call on ARKK, paying weekly TCAL T. Rowe Price Capital Appreciation Premium Income ETF · Covered call on its own stocks, paying monthly

Issuer YieldMax T. Rowe Price

Strategy synthetic covered call covered call

Benchmark ARK Innovation ETF (ARKK) TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026)

Pays weekly monthly

Payout rate, annualized 31.8% 13.0%

Expense ratio 1.00% 0.34%

Cash paid, 1 year 33.3% 11.4%

Price change, 1 year −36.6% −1.2%

Total return, 1 year −2.6% +11.2%

Benchmark return, 1 year −3.7% +14.6%

Ahead or behind +1.1 pts −3.4 pts

Return of capital, latest estimate not published not published

Age 3.9 years 1.6 years

Net assets, as of Nov 3, 2026 $38m $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: OARK vs TCAL: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	OARK	TCAL	OARK	TCAL	OARK	TCAL
3 months	+1.6%	+5.3%	8.3%	2.6%	−3.9 pts	−1.8 pts
6 months	−2.3%	+12.3%	17.8%	6.3%	−3.3 pts	−0.9 pts
1 year	−2.6%	+11.2%	33.3%	11.4%	+1.1 pts	−3.5 pts
3 years	+62.6%	–	95.8%	–	−36.1 pts	–
Since launchNot the same days: OARK Nov 2022 · TCAL Mar 2025	+47.8%	+12.0%	90.4%	16.9%	−75.3 pts	not measured

– means no data for this window. Open this comparison in the app →

Client brief

No client brief for this pair: the two funds' holdings are dated 127 days apart.

Alert

About each fund

OARK

Over the year to Nov 4, 2026, OARK paid 33.3% of its starting value in cash distributions while its price fell 36.6%. With every distribution reinvested, the fund returned −2.6%. ARK Innovation ETF (ARKK) returned −3.7% over the same days, so a holder was ahead by 1.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.8%, paid weekly.

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, OARK or TCAL?: Over the year to Nov 4, 2026, OARK paid 33.3% of its starting price in cash and TCAL paid 11.4%, so OARK paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, OARK or TCAL?: With every distribution reinvested, OARK returned −2.6% and TCAL +11.2% over the year to Nov 4, 2026.
Which is cheaper, OARK or TCAL?: OARK charges 1.00% a year and TCAL charges 0.34%, so TCAL is cheaper. Fees come from each fund's prospectus.

Other comparisons

OARK vs SCEP OARK vs RNTY OARK vs HEMI OARK vs CVRD TCAL vs XSHP TCAL vs PCOV TCAL vs DDDD TCAL vs DYLG

Where to next

ARK Innovation ETF (ARKK) →OARK on its own →TCAL on its own →OARK dividend history →OARK holdings →TCAL dividend history →TCAL holdings →Method →Standards and sources →

Sources and dates

OARK filings on SEC EDGAR ↗

OARK prospectus with the expense ratio (SEC) ↗

OARK 19a-1 distribution notice ↗

YieldMax page for OARK ↗

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

It is a place in a set, not a rating or a recommendation.

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

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