Which paid more, QXQ or TCAL?

Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting price in cash and TCAL paid 11.3%, so QXQ paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, QXQ returned +12.1% and TCAL +10.3% over the year to Nov 12, 2026.

Which is cheaper, QXQ or TCAL?

QXQ charges 0.98% a year and TCAL charges 0.34%, so TCAL is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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QXQ vs TCAL: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+1.8 pts

1 year to Nov 12, 2026: QXQ ahead, total return

Fee gap

0.64 pts

A year: QXQ 0.98%, TCAL 0.34%, per filings dated Jan 5, 2026 and Feb 25, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

TCAL costs 0.64 points a year less; their one-year returns differ by 1.8 points.

Points (pts) are percentage points.

QXQ vs TCAL: Dividend Yield & Total Return
Measure	QXQ	TCAL
Paid and earned
Measure	QXQ	TCAL
Total return, 1 year	+12.1%	+10.3%
Price change, 1 year	fell 4.7%	fell 2.0%
Against its benchmark
Measure	QXQ	TCAL
Benchmark	Nasdaq-100, measured through QQQ	its own stocks
Against its benchmark, same days	ahead by 0.8 pts	behind by 2.0 pts
Cost and size
Measure	QXQ	TCAL
Expense ratio	0.98%	0.34%
Net assets, QXQ as of Aug 31, 2026 and TCAL as of Nov 11, 2026	$82m	$331m
Holdings
Measure	QXQ	TCAL
Holdings in common	not published

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

IQ Income Score52QXQ55.8TCAL

How much of its payouts the fund's total return covered, ranked against 171 income ETFs not writing on a single company. 100 is best. How it is computed

QXQ 52

TCAL 55.8

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

Key numbers

15.1%

QXQ cash paid, 1 year

11.3%

TCAL cash paid, 1 year

+12.1%

QXQ total return, 1 year

+10.3%

TCAL total return, 1 year

QXQ · 1 year to Nov 12, 2026 0.8 pts ahead of QQQ

QXQ

+12.1%

QQQ

+11.3%

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% of it arrived as cash

0.8 pts ahead of QQQ

Total return, distributions reinvested

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% as cash

0.8 pts ahead of QQQ

15.1% of it arrived as cash. Total return, distributions reinvested. QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

TCAL · 1 year to Nov 12, 2026 2 pts behind its own stocks

TCAL

+10.3%

Own

+12.3%

2 pts behind its own stocks

TCAL over 1 year: paid 11.3%, price −2.0%, total +10.3%, its own stocks +12.3%, −2.0 pts. Data to Nov 12, 2026.

its own stocks

+12.3%

TCAL

+10.3%

11.3% of it arrived as cash

2 pts behind its own stocks

Total return, distributions reinvested

2 pts behind its own stocks

TCAL over 1 year: paid 11.3%, price −2.0%, total +10.3%, its own stocks +12.3%, −2.0 pts. Data to Nov 12, 2026.

its own stocks

+12.3%

TCAL

+10.3%

11.3% as cash

2 pts behind its own stocks

11.3% of it arrived as cash. Both charts share one scale, with zero at the line. TCAL over 1 year: paid 11.3%, price −2.0%, total +10.3%, its own stocks +12.3%, −2.0 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

QXQ SGI Enhanced Nasdaq-100 ETF · Covered call on QQQ, paying quarterly TCAL T. Rowe Price Capital Appreciation Premium Income ETF · Covered call on its own stocks, paying monthly

Issuer SGI T. Rowe Price

Strategy covered call covered call

Benchmark Nasdaq-100 (QQQ) TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026)

Pays quarterly monthly

Payout rate, annualized 1.0% 13.0%

Expense ratio 0.98% 0.34%

Cash paid, 1 year 15.1% 11.3%

Price change, 1 year −4.7% −2.0%

Total return, 1 year +12.1% +10.3%

Benchmark return, 1 year +11.3% +12.3%

Ahead or behind +0.8 pts −2.0 pts

Return of capital, latest estimate not published not published

Age 2.4 years 1.6 years

Net assets, QXQ as of Aug 31, 2026 and TCAL as of Nov 11, 2026 $82m $331m

As of Nov 12, 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: QXQ vs TCAL: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QXQ	TCAL	QXQ	TCAL	QXQ	TCAL
3 months	−5.4%	+4.2%	0.2%	2.6%	+0.5 pts	−1.1 pts
6 months	−3.8%	+13.3%	0.5%	6.4%	+0.4 pts	−0.1 pts
1 year	+12.1%	+10.3%	15.1%	11.3%	+0.8 pts	−2.0 pts
Since launchNot the same days: QXQ Jun 2024 · TCAL Mar 2025	+47.7%	+12.2%	22.8%	16.9%	+2.2 pts	not measured

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Alert

About each fund

QXQ

Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting value in cash distributions while its price fell 4.7%. With every distribution reinvested, the fund returned +12.1%. Nasdaq-100 (QQQ) returned +11.3% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 1.0%, paid quarterly.

TCAL

Over the year to Nov 12, 2026, TCAL paid 11.3% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned +10.3%. TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +12.3% over the same days, so a holder was behind by 2.0 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 13.0%, paid monthly.

Questions people ask

Which paid more, QXQ or TCAL?: Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting price in cash and TCAL paid 11.3%, so QXQ paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, QXQ or TCAL?: With every distribution reinvested, QXQ returned +12.1% and TCAL +10.3% over the year to Nov 12, 2026.
Which is cheaper, QXQ or TCAL?: QXQ charges 0.98% a year and TCAL charges 0.34%, so TCAL is cheaper. Fees come from each fund's prospectus.

Other comparisons

QXQ vs SCEP QXQ vs CVRD QXQ vs JUDO QXQ vs RNTY TCAL vs XQQI TCAL vs ROCQ TCAL vs FTQI TCAL vs GPIQ

Where to next

Nasdaq-100 (QQQ) →QXQ on its own →TCAL on its own →QXQ dividend history →TCAL dividend history →TCAL holdings →Method →Standards and sources →

Sources and dates

QXQ filings on SEC EDGAR ↗

QXQ prospectus with the expense ratio (SEC) ↗

SGI 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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, QXQ against TCAL, data as of Nov 12, 2026. https://etfiq.com/compare/income/qxq-vs-tcal

Open data →

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

Net assets: $82m on Aug 31, 2026 for SGI Enhanced Nasdaq-100 ETF, and $331m on Nov 11, 2026 for T. Rowe Price Capital Appreciation Premium Income ETF.

QXQ on its own →TCAL on its own →

Growth of 100

QXQ and TCAL

Total return, distributions reinvested, 1 year.

QXQ +12.1%TCAL +10.3%

Nov 12, 2025Nov 12, 2026

QXQ +12.1%, TCAL +10.3%: QXQ +1.8 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.