Data as of .
QVOL vs TCAL: which paid, and which earned it?
QVOL and TCAL both write options for income.
What they hold in common
By the books each fund has filed, QVOL and TCAL hold 11% of their money in the same securities at the same weight.
| Holding | QVOL | TCAL |
|---|---|---|
| Amazon.com Inc | 7.61% | 1.53% |
| Microsoft Corp | 5.05% | 1.50% |
| Cisco Systems Inc | 1.36% | 1.14% |
| Advanced Micro Devices Inc | 6.17% | 1.04% |
| Meta Platforms Inc | 3.14% | 1.01% |
| Broadcom Inc | 3.42% | 0.95% |
| Netflix Inc | 1.90% | 0.95% |
| DoorDash Inc | 1.08% | 0.80% |
| Starbucks Corp | 1.03% | 0.59% |
| Synopsys Inc | 0.41% | 0.95% |
| Dexcom Inc | 0.34% | 0.74% |
| Alnylam Pharmaceuticals Inc | 0.18% | 0.79% |
| Only in QVOL | Only in TCAL |
|---|---|
| NVIDIA Corp 8.53% | DANAHER CORP 2.01% |
| Alphabet Inc 4.70% | WATERS CORP 1.97% |
| Alphabet Inc 4.69% | VERALTO CORP 1.87% |
| Micron Technology Inc 4.53% | WASTE CONNECTIONS INC 1.80% |
| Marvell Technology Inc 4.30% | YUM BRANDS INC 1.72% |
| Intel Corp 3.01% | MCDONALD S CORP 1.70% |
| Oracle Corp 2.53% | VISA INC-CLASS A SHARES 1.69% |
| Apple Inc 2.33% | LINDE PLC 1.63% |
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 Jun 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| QVOL | TCAL | QVOL | TCAL | QVOL | TCAL | |
| 3 months | −3.7% | +4.2% | 3.0% | 3.5% | −1.2 pts | +1.9 pts |
| 6 months | not published | +5.3% | not published | 6.3% | not published | −12.7 pts |
| 1 year | not published | +3.0% | not published | 11.4% | not published | −13.5 pts |
| Since launch | +4.3% | +3.9% | 4.2% | 15.2% | +2.1 pts | −32.7 pts |
| QVOL Infrastructure Capital Nasdaq Option Income ETF Option income on QQQ, paying monthly | TCAL T. Rowe Price Capital Appreciation Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Infrastructure Capital | T. Rowe Price |
| Strategy | option income | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 12.6% | 9.4% |
| Expense ratio | 0.82% | 0.34% |
| Cash paid, 1 year | 4.2% (since launch on May 12, 2026) | 11.4% |
| Price change, 1 year | 0.0% | −8.6% |
| Total return, 1 year | +4.3% (since launch on May 12, 2026) | +3.0% |
| Benchmark return, 1 year | +2.1% | +16.6% |
| Ahead or behind | +2.1 pts | −13.5 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 129 days | 540 days |
| Net assets | $8m | $276m |
QVOL in plain words
Over the period since launch on May 12, 2026 to Sep 18, 2026, QVOL paid 4.2% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned +4.3%. Nasdaq-100 (QQQ) returned +2.1% over the same days, so a holder was ahead by 2.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.6%, 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, QVOL or TCAL?
- QVOL charges 0.82% 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, QVOL against TCAL, data as of Sep 18, 2026. https://etfiq.com/compare/income/qvol-vs-tcal Free to use with attribution; the underlying files are at Open data.