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Data as of Nov 4, 2026.

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Income ETFs

OEI 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 OEI’s 9.2%, though OEI returned more with it reinvested.

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Net assets: $46m on Jul 31, 2026 for Optimized Equity Income ETF, and $324m on Nov 3, 2026 for T. Rowe Price Capital Appreciation Premium Income ETF.

OEI on its own →TCAL on its own →
At a glance
9.2%
OEI cash paid, 1 year
11.4%
TCAL cash paid, 1 year
+12.9%
OEI total return, 1 year
+11.2%
TCAL total return, 1 year
OEI · 1 year to Nov 4, 2026 1.9 pts behind SPY
OEI
+12.9%
SPY
+14.8%

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% of it arrived as cash

1.9 pts behind SPY

Total return, distributions reinvested

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% cash

1.9 pts behind SPY

9.2% of it arrived as cash. Total return, distributions reinvested. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 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% as 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 0.68 points a year less; their one-year returns differ by 1.7 points.

Points (pts) are percentage points.

OEI vs TCAL: Dividend Yield & Total Return
MeasureOEITCAL
Paid and earned
Total return, 1 year+12.9%+11.2%
Price change, 1 yearrose 3.0%fell 1.2%
Against its benchmark
BenchmarkS&P 500, measured through SPYits own stocks
Cost and size
Expense ratio1.02%0.34%
Net assets, OEI as of Jul 31, 2026 and TCAL as of Nov 3, 2026$46m$324m
Holdings
Holdings in common24%
ETFIQ Distribution Coverage Score · OEI scores higher How much of what it paid out did its total return cover?
IQ Income Score75.7OEI54.8TCAL

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

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

What they share

24%

By the books each fund has filed, OEI and TCAL hold 24% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

24% in common

Positions both hold · largest shared weight first OEI TCAL
Amazon.com Inc 4.51% 1.55%
Mastercard Inc 1.55% 1.51%
Microsoft Corp 5.93% 1.51%
Cisco Systems Inc 1.52% 1.15%
Visa Inc 1.13% 1.71%
Costco Wholesale Corp 1.10% 1.21%
Advanced Micro Devices Inc 1.54% 1.05%
Meta Platforms Inc 2.15% 1.02%
Procter & Gamble Co 1.06% 0.97%
Broadcom Inc 3.01% 0.96%
Thermo Fisher Scientific Inc 0.89% 1.50%
Coca-Cola Co 0.88% 0.91%
Only in one fund ↓
Only in OEI
NVIDIA Corp 8.22%
Apple Inc 4.23%
Alphabet Inc 3.44%
Alphabet Inc 2.76%
Micron Technology Inc 2.54%
ExxonMobil Holdings Corp 2.04%
Booking Holdings Inc 1.86%
Eli Lilly & Co 1.78%
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

OEI Optimized Equity Income ETF · Option income on SPY, paying monthly TCAL T. Rowe Price Capital Appreciation Premium Income ETF · Covered call on its own stocks, paying monthly
Issuer Core Alternative T. Rowe Price
Strategy option income covered call
Benchmark S&P 500 (SPY) 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 9.6% 13.0%
Expense ratio 1.02% 0.34%
Cash paid, 1 year 9.2% 11.4%
Price change, 1 year +3.0% −1.2%
Total return, 1 year +12.9% +11.2%
Benchmark return, 1 year +14.8% +14.6%
Ahead or behind −1.9 pts −3.4 pts
Return of capital, latest estimate not published not published
Age 1.0 years 1.6 years
Net assets, OEI as of Jul 31, 2026 and TCAL as of Nov 3, 2026 $46m $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: OEI vs TCAL: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowOEITCALOEITCALOEITCAL
3 months+3.3%+5.3%2.4%2.6%+3.4 pts−1.8 pts
6 months+6.3%+12.3%4.7%6.3%+1.3 pts−0.9 pts
1 year+12.9%+11.2%9.2%11.4%−1.9 pts−3.5 pts
Since launchNot the same days: OEI Oct 2025 · TCAL Mar 2025+15.0%+12.0%9.4%16.9%−1.1 ptsnot measured

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About each fund
OEI

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.6%, paid monthly.

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, OEI or TCAL?
Over the year to Nov 4, 2026, OEI 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, OEI or TCAL?
With every distribution reinvested, OEI returned +12.9% and TCAL +11.2% over the year to Nov 4, 2026.
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
OEI vs SCEPOEI vs RNTYOEI vs HEMIOEI vs CVRDTCAL vs SPINTCAL vs ACKYTCAL vs ACSPTCAL vs XRMI
Where to next
S&P 500 (SPY) →OEI on its own →TCAL on its own →OEI dividend history →OEI holdings →TCAL dividend history →TCAL holdings →Method →Standards and sources →
Sources and dates
OEI filings on SEC EDGAR ↗
OEI prospectus with the expense ratio (SEC) ↗
Core Alternative website ↗
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, OEI against TCAL, data as of Nov 4, 2026. https://etfiq.com/compare/income/oei-vs-tcal

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