Which paid more, RDVI or TCAL?

Over the year to Nov 4, 2026, RDVI paid 9.1% 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, RDVI or TCAL?

With every distribution reinvested, RDVI returned +22.0% and TCAL +11.2% over the year to Nov 4, 2026.

Which is cheaper, RDVI or TCAL?

RDVI charges 0.75% 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

RDVI 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 RDVI’s 9.1%, though RDVI returned more with it reinvested.

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Net assets on Nov 3, 2026: $3.9bn for FT Vest Rising Dividend Achievers Target Income ETF and $324m for T. Rowe Price Capital Appreciation Premium Income ETF.

RDVI on its own →TCAL on its own →

At a glance

9.1%

RDVI cash paid, 1 year

11.4%

TCAL cash paid, 1 year

+22.0%

RDVI total return, 1 year

+11.2%

TCAL total return, 1 year

RDVI · 1 year to Nov 4, 2026 About even with RDVY

RDVI

+22.0%

RDVY

+22.2%

About even with RDVY

RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.

RDVY

+22.2%

RDVI

+22.0%

9.1% of it arrived as cash

about even with RDVY

Total return, distributions reinvested

About even with RDVY

RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.

RDVY

+22.2%

RDVI

+22.0%

about even with RDVY

9.1% of it arrived as cash. Total return, distributions reinvested. RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 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%

3.4 pts behind its own stocks

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 0.41 points a year less; their one-year returns differ by 10.8 points; RDVI is 12.0 times larger.

Points (pts) are percentage points.

RDVI vs TCAL: Dividend Yield & Total Return
Measure	RDVI	TCAL
Paid and earned
Measure	RDVI	TCAL
Total return, 1 year	+22.0%	+11.2%
Price change, 1 year	rose 12.2%	fell 1.2%
Against its benchmark
Measure	RDVI	TCAL
Benchmark	First Trust Rising Dividend Achievers ETF, measured through RDVY	its own stocks
Cost and size
Measure	RDVI	TCAL
Expense ratio	0.75%	0.34%
Net assets, as of Nov 3, 2026	$3.9bn	$324m
Holdings
Measure	RDVI	TCAL
Holdings in common	12%

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

IQ Income Score92.5RDVI54.8TCAL

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

RDVI 92.5

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

What they share

12%

By the books each fund has filed, RDVI and TCAL hold 12% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first RDVI TCAL

Veralto Corporation 2.34% 1.89%

Visa Inc. (Class A) 2.35% 1.71%

Microsoft Corporation 2.16% 1.51%

Costco Wholesale Corporation 2.02% 1.21%

Mastercard Incorporated 1.08% 1.51%

Meta Platforms, Inc. (Class A) 1.89% 1.02%

Chubb Limited 2.16% 1.00%

Automatic Data Processing, Inc. 2.32% 0.76%

Elevance Health Inc. 0.58% 0.50%

Cisco Systems, Inc. 0.48% 1.15%

The Progressive Corporation 0.44% 0.52%

Abbott Laboratories 0.37% 1.09%

Only in one fund ↓

Only in RDVI

The Travelers Companies, Inc. 2.39%

Accenture plc 2.35%

The Allstate Corporation 2.23%

Expedia Group, Inc. 2.17%

The Bank of New York Mellon Corporation 2.15%

GE Vernova Inc. 2.13%

Cincinnati Financial Corporation 2.12%

Ross Stores, Inc. 2.09%

Only in TCAL

DANAHER CORP 2.02%

WATERS CORP 1.99%

WASTE CONNECTIONS INC 1.82%

YUM BRANDS INC 1.73%

MCDONALD S CORP 1.71%

LINDE PLC 1.65%

LOCKHEED MARTIN CORP 1.61%

NORTHROP GRUMMAN CORP 1.58%

Check overlap with more funds →

Side by side

RDVI FT Vest Rising Dividend Achievers Target Income ETF · Writes calls on the S&P 500, measured against the Nasdaq US Rising Dividend Achievers Index, paying monthly TCAL T. Rowe Price Capital Appreciation Premium Income ETF · Covered call on its own stocks, paying monthly

Issuer First Trust T. Rowe Price

Strategy dividend stocks with call overlay covered call

Benchmark First Trust Rising Dividend Achievers ETF (RDVY) 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 8.3% 13.0%

Expense ratio 0.75% 0.34%

Cash paid, 1 year 9.1% 11.4%

Price change, 1 year +12.2% −1.2%

Total return, 1 year +22.0% +11.2%

Benchmark return, 1 year +22.2% +14.6%

Ahead or behind −0.2 pts −3.4 pts

Return of capital, latest estimate 40% not published

Age 4.0 years 1.6 years

Net assets, as of Nov 3, 2026 $3.9bn $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: RDVI vs TCAL: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	RDVI	TCAL	RDVI	TCAL	RDVI	TCAL
3 months	−1.9%	+5.3%	2.0%	2.6%	+0.6 pts	−1.8 pts
6 months	+7.9%	+12.3%	4.3%	6.3%	+0.1 pts	−0.9 pts
1 year	+22.0%	+11.2%	9.1%	11.4%	−0.2 pts	−3.5 pts
3 years	+76.0%	–	30.9%	–	−6.4 pts	–
Since launchNot the same days: RDVI Oct 2022 · TCAL Mar 2025	+106.5%	+12.0%	43.0%	16.9%	−8.4 pts	not measured

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Alert

About each fund

RDVI

Over the year to Nov 4, 2026, RDVI paid 9.1% of its starting value in cash distributions while its price rose 12.2%. With every distribution reinvested, the fund returned +22.0%. First Trust Rising Dividend Achievers ETF (RDVY) returned +22.2% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 8.3%, paid monthly. First Trust estimates that 40% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

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, RDVI or TCAL?: Over the year to Nov 4, 2026, RDVI paid 9.1% 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, RDVI or TCAL?: With every distribution reinvested, RDVI returned +22.0% and TCAL +11.2% over the year to Nov 4, 2026.
Which is cheaper, RDVI or TCAL?: RDVI charges 0.75% a year and TCAL charges 0.34%, so TCAL is cheaper. Fees come from each fund's prospectus.

Other comparisons

RDVI vs SCEP RDVI vs HEMI RDVI vs CVRD RDVI vs JUDO TCAL vs SDVD TCAL vs FEPI TCAL vs DYLG TCAL vs XVSP

Where to next

First Trust Rising Dividend Achievers ETF (RDVY) →RDVI on its own →TCAL on its own →RDVI dividend history →RDVI holdings →TCAL dividend history →TCAL holdings →Method →Standards and sources →

Sources and dates

RDVI filings on SEC EDGAR ↗

RDVI prospectus with the expense ratio (SEC) ↗

RDVI 19a-1 distribution notice ↗

First Trust page for RDVI ↗

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

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