Data as of .
OEI vs TCAL: which paid, and which earned it?
OEI and TCAL both write options for income.
What they hold in common
By the books each fund has filed, OEI and TCAL hold 24% of their money in the same securities at the same weight.
| Holding | OEI | TCAL |
|---|---|---|
| Amazon.com Inc | 4.56% | 1.53% |
| Mastercard Inc | 1.57% | 1.50% |
| Microsoft Corp | 5.99% | 1.50% |
| Visa Inc | 1.15% | 1.69% |
| Cisco Systems Inc | 1.54% | 1.14% |
| Costco Wholesale Corp | 1.12% | 1.20% |
| Advanced Micro Devices Inc | 1.56% | 1.04% |
| Meta Platforms Inc | 2.18% | 1.01% |
| Procter & Gamble Co/The | 1.07% | 0.96% |
| Broadcom Inc | 3.04% | 0.95% |
| Thermo Fisher Scientific Inc | 0.90% | 1.49% |
| Coca-Cola Co/The | 0.89% | 0.90% |
| Only in OEI | Only in TCAL |
|---|---|
| NVIDIA Corp 8.32% | DANAHER CORP 2.01% |
| Apple Inc 4.28% | WATERS CORP 1.97% |
| Alphabet Inc 3.48% | VERALTO CORP 1.87% |
| Alphabet Inc 2.79% | WASTE CONNECTIONS INC 1.80% |
| Micron Technology Inc 2.57% | YUM BRANDS INC 1.72% |
| ExxonMobil Holdings Corp 2.07% | LINDE PLC 1.63% |
| Booking Holdings Inc 1.89% | LOCKHEED MARTIN CORP 1.60% |
| Eli Lilly & Co 1.80% | NORTHROP GRUMMAN CORP 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 Jul 31, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OEI | TCAL | OEI | TCAL | OEI | TCAL | |
| 3 months | +4.8% | +4.2% | 2.3% | 3.5% | +2.5 pts | +1.9 pts |
| 6 months | +12.5% | +5.3% | 4.9% | 6.3% | −5.6 pts | −12.7 pts |
| 1 year | not published | +3.0% | not published | 11.4% | not published | −13.5 pts |
| Since launch | +14.4% | +3.9% | 8.6% | 15.2% | −0.9 pts | −32.7 pts |
| OEI Optimized Equity Income ETF Option income on SPY, paying monthly | TCAL T. Rowe Price Capital Appreciation Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Core Alternative | 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 | monthly | monthly |
| Payout rate, annualized | 9.2% | 9.4% |
| Expense ratio | 1.02% | 0.34% |
| Cash paid, 1 year | 8.6% (since launch on Oct 22, 2025) | 11.4% |
| Price change, 1 year | +5.2% | −8.6% |
| Total return, 1 year | +14.4% (since launch on Oct 22, 2025) | +3.0% |
| Benchmark return, 1 year | +15.3% | +16.6% |
| Ahead or behind | −0.9 pts | −13.5 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 331 days | 540 days |
| Net assets | $46m | $276m |
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
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, OEI or TCAL?
- OEI charges 1.02% 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, OEI against TCAL, data as of Sep 18, 2026. https://etfiq.com/compare/income/oei-vs-tcal Free to use with attribution; the underlying files are at Open data.