Data as of Nov 4, 2026.
TCAL vs XPAY: Dividend Yield & Total Return
Over the year to Nov 4, 2026, XPAY paid 19.7% of its price in cash against TCAL’s 11.4%, and returned more with it reinvested.
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Net assets: $324m on Nov 3, 2026 for T. Rowe Price Capital Appreciation Premium Income ETF, and $187m on Nov 4, 2026 for Roundhill S&P 500 Target 20 Managed Distribution ETF.
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. Total return, distributions reinvested. 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, 2026.0.8 pts behind VOO
XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
XPAY
+14.0%
19.7% of it arrived as cash
0.8 pts behind VOO
Total return, distributions reinvested
0.8 pts behind VOO
XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
XPAY
+14.0%
19.7% as cash
0.8 pts behind VOO
19.7% of it arrived as cash. Both charts share one scale, with zero at the line. XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TCAL costs 0.15 points a year less; their one-year returns differ by 2.8 points; TCAL is 1.8 times larger.
Points (pts) are percentage points.
| Measure | TCAL | XPAY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +11.2% | +14.0% |
| Price change, 1 year | fell 1.2% | fell 7.2% |
| Return of capital, issuer estimate | 100% of the Oct 15, 2026 payment | |
| Against its benchmark | ||
| Benchmark | its own stocks | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.34% | 0.49% |
| Net assets, as of Nov 3, 2026 | $324m | $183m |
| Holdings | ||
| Holdings in common | 0% | |
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
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 →
What they share
By the books each fund has filed, TCAL and XPAY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | TCAL | XPAY | TCAL | XPAY | TCAL | XPAY |
| 3 months | +5.3% | −0.3% | 2.6% | 5.0% | −1.8 pts | −0.2 pts |
| 6 months | +12.3% | +4.9% | 6.3% | 10.0% | −0.9 pts | −0.1 pts |
| 1 year | +11.2% | +14.0% | 11.4% | 19.7% | −3.5 pts | −0.9 pts |
| Since launchNot the same days: TCAL Mar 2025 · XPAY Oct 2024 | +12.0% | +35.6% | 16.9% | 39.0% | not measured | −2.6 pts |
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.
XPAY
Over the year to Nov 4, 2026, XPAY paid 19.7% of its starting value in cash distributions while its price fell 7.2%. With every distribution reinvested, the fund returned +14.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 21.1%, paid monthly. Roundhill estimates that 100% of the distribution paid Oct 15, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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.
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ETFIQ, TCAL against XPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/tcal-vs-xpay
ETFIQ. (Nov 4, 2026). TCAL against XPAY. Retrieved from https://etfiq.com/compare/income/tcal-vs-xpay
[TCAL against XPAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/tcal-vs-xpay)
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