Data as of .
TCAL vs XQQI: which paid, and which earned it?
TCAL and XQQI both write options for income.
What they hold in common
By the books each fund has filed, TCAL and XQQI hold 14% of their money in the same securities at the same weight.
| Holding | TCAL | XQQI |
|---|---|---|
| AMAZON.COM INC | 1.53% | 4.39% |
| MICROSOFT CORP | 1.50% | 5.94% |
| COSTCO WHOLESALE CORP | 1.20% | 1.84% |
| CISCO SYSTEMS INC | 1.14% | 1.91% |
| LINDE PLC | 1.63% | 0.97% |
| BROADCOM INC | 0.95% | 2.75% |
| NETFLIX INC | 0.95% | 1.41% |
| PEPSICO INC | 1.16% | 0.83% |
| GILEAD SCIENCES INC | 1.48% | 0.81% |
| WALMART INC | 0.77% | 2.38% |
| STARBUCKS CORP | 0.59% | 0.49% |
| CSX CORP | 0.50% | 0.40% |
| Only in TCAL | Only in XQQI |
|---|---|
| DANAHER CORP 2.01% | NVIDIA Corp 8.70% |
| WATERS CORP 1.97% | Apple Inc 7.91% |
| VERALTO CORP 1.87% | Micron Technology Inc 5.12% |
| WASTE CONNECTIONS INC 1.80% | Advanced Micro Devices Inc 4.08% |
| YUM BRANDS INC 1.72% | Alphabet Inc 3.28% |
| MCDONALD S CORP 1.70% | Meta Platforms Inc 3.27% |
| VISA INC-CLASS A SHARES 1.69% | Alphabet Inc 3.02% |
| LOCKHEED MARTIN CORP 1.60% | Tesla Inc 3.01% |
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 Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| TCAL | XQQI | TCAL | XQQI | TCAL | XQQI | |
| 3 months | +4.2% | −2.7% | 3.5% | 4.8% | +1.9 pts | −0.2 pts |
| 6 months | +5.3% | +21.8% | 6.3% | 11.4% | −12.7 pts | −2.4 pts |
| 1 year | +3.0% | not published | 11.4% | not published | −13.5 pts | not published |
| Since launch | +3.9% | +14.3% | 15.2% | 13.7% | −32.7 pts | −2.9 pts |
| TCAL T. Rowe Price Capital Appreciation Premium Income ETF Covered call on SPY, paying monthly | XQQI NEOS Boosted Nasdaq-100(R) High Income ETF Option income on QQQ, paying monthly | |
|---|---|---|
| Issuer | T. Rowe Price | NEOS |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | Nasdaq-100 (QQQ) |
| Pays | monthly | monthly |
| Payout rate, annualized | 9.4% | 20.5% |
| Expense ratio | 0.34% | 0.98% |
| Cash paid, 1 year | 11.4% | 13.7% (since launch on Feb 3, 2026) |
| Price change, 1 year | −8.6% | −0.3% |
| Total return, 1 year | +3.0% | +14.3% (since launch on Feb 3, 2026) |
| Benchmark return, 1 year | +16.6% | +17.3% |
| Ahead or behind | −13.5 pts | −2.9 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 540 days | 227 days |
| Net assets | $276m | $351m |
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.
XQQI in plain words
Over the period since launch on Feb 3, 2026 to Sep 18, 2026, XQQI paid 13.7% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +14.3%. Nasdaq-100 (QQQ) returned +17.3% over the same days, so a holder was behind by 2.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 20.5%, paid monthly. NEOS estimates that 100% of the distribution paid Jul 10, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, TCAL or XQQI?
- TCAL charges 0.34% a year and XQQI charges 0.98%, 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, TCAL against XQQI, data as of Sep 18, 2026. https://etfiq.com/compare/income/tcal-vs-xqqi Free to use with attribution; the underlying files are at Open data.