Which paid more, TCAL or XRMI?

Over the year to Nov 4, 2026, TCAL paid 11.4% of its starting price in cash and XRMI paid 11.9%, so XRMI paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, TCAL returned +11.2% and XRMI +8.7% over the year to Nov 4, 2026.

Which is cheaper, TCAL or XRMI?

TCAL charges 0.34% a year and XRMI charges 0.60%, so TCAL is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

TCAL vs XRMI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, XRMI paid 11.9% of its price in cash against TCAL’s 11.4%, though TCAL 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 $62m on Oct 12, 2026 for Global X S&P 500 Risk Managed Income ETF.

TCAL on its own →XRMI on its own →

At a glance

11.4%

TCAL cash paid, 1 year

11.9%

XRMI cash paid, 1 year

+11.2%

TCAL total return, 1 year

+8.7%

XRMI total return, 1 year

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%

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.

XRMI · 1 year to Nov 4, 2026 6.1 pts behind SPY

XRMI

+8.7%

SPY

+14.8%

6.1 pts behind SPY

XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

XRMI

+8.7%

11.9% of it arrived as cash

6.1 pts behind SPY

Total return, distributions reinvested

6.1 pts behind SPY

XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

XRMI

+8.7%

11.9% cash

6.1 pts behind SPY

11.9% of it arrived as cash. Both charts share one scale, with zero at the line. XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

TCAL costs 0.26 points a year less; their one-year returns differ by 2.5 points; TCAL is 5.0 times larger.

Points (pts) are percentage points.

TCAL vs XRMI: Dividend Yield & Total Return
Measure	TCAL	XRMI
Paid and earned
Measure	TCAL	XRMI
Total return, 1 year	+11.2%	+8.7%
Price change, 1 year	fell 1.2%	fell 3.8%
Return of capital, issuer estimate		95% of the Sep 24, 2026 payment
Against its benchmark
Measure	TCAL	XRMI
Benchmark	its own stocks	S&P 500, measured through SPY
Cost and size
Measure	TCAL	XRMI
Expense ratio	0.34%	0.60%
Net assets, as of Oct 12, 2026	$310m	$62m
Holdings
Measure	TCAL	XRMI
Holdings in common	22%

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

IQ Income Score54.8TCAL45.2XRMI

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

TCAL 54.8

XRMI 45.2

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

22%

By the books each fund has filed, TCAL and XRMI hold 22% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

22% in common

Positions both hold · largest shared weight first TCAL XRMI

AMAZON.COM INC 1.55% 4.17%

MICROSOFT CORP 1.51% 5.42%

ADVANCED MICRO DEVICES 1.05% 1.22%

META PLATFORMS INC-CLASS A 1.02% 1.92%

BROADCOM INC 0.96% 2.89%

VISA INC-CLASS A SHARES 1.71% 0.95%

JOHNSON & JOHNSON 0.87% 0.97%

WALMART INC 0.78% 0.76%

MASTERCARD INC - A 1.51% 0.72%

CISCO SYSTEMS INC 1.15% 0.72%

COSTCO WHOLESALE CORP 1.21% 0.66%

COCA-COLA CO 0.91% 0.53%

Only in one fund ↓

Only in TCAL

WASTE CONNECTIONS INC 1.82%

LINDE PLC 1.65%

SERVICE CORP INTERNATIONAL 1.44%

US FOODS HOLDING CORP 1.21%

AON PLC-CLASS A 1.17%

EXXON MOBIL CORP 1.17%

MARSH & MCLENNAN COS 1.17%

SPX TECHNOLOGIES INC 0.99%

Only in XRMI

NVIDIA CORPORATION 7.63%

APPLE INC. 7.12%

ALPHABET INC. 3.28%

ALPHABET INC. 2.64%

JPMORGAN CHASE & CO. 1.48%

BERKSHIRE HATHAWAY INC. 1.47%

MICRON TECHNOLOGY, INC. 1.46%

ELI LILLY AND COMPANY 1.42%

Check overlap with more funds →

Side by side

TCAL T. Rowe Price Capital Appreciation Premium Income ETF · Covered call on its own stocks, paying monthly XRMI Global X S&P 500 Risk Managed Income ETF · Option income on SPY, paying monthly

Issuer T. Rowe Price Global X

Strategy covered call option income

Benchmark TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 13.0% 10.6%

Expense ratio 0.34% 0.60%

Cash paid, 1 year 11.4% 11.9%

Price change, 1 year −1.2% −3.8%

Total return, 1 year +11.2% +8.7%

Benchmark return, 1 year +14.6% +14.8%

Ahead or behind −3.4 pts −6.1 pts

Return of capital, latest estimate not published 95%

Age 1.6 years 5.2 years

Net assets, TCAL as of Nov 3, 2026 and XRMI as of Oct 12, 2026 $324m $62m

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: TCAL vs XRMI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	TCAL	XRMI	TCAL	XRMI	TCAL	XRMI
3 months	+5.3%	+1.6%	2.6%	2.9%	−1.8 pts	+1.8 pts
6 months	+12.3%	+5.4%	6.3%	6.0%	−0.9 pts	+0.4 pts
1 year	+11.2%	+8.7%	11.4%	11.9%	−3.5 pts	−6.1 pts
3 years	–	+30.8%	–	35.1%	–	−52.2 pts
Since launchNot the same days: TCAL Mar 2025 · XRMI Aug 2021	+12.0%	+17.6%	16.9%	45.0%	not measured	−66.7 pts

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Alert

About each fund

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.

XRMI

Over the year to Nov 4, 2026, XRMI paid 11.9% of its starting value in cash distributions while its price fell 3.8%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 6.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.6%, paid monthly. Global X estimates that 95% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, TCAL or XRMI?: Over the year to Nov 4, 2026, TCAL paid 11.4% of its starting price in cash and XRMI paid 11.9%, so XRMI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, TCAL or XRMI?: With every distribution reinvested, TCAL returned +11.2% and XRMI +8.7% over the year to Nov 4, 2026.
Which is cheaper, TCAL or XRMI?: TCAL charges 0.34% a year and XRMI charges 0.60%, so TCAL is cheaper. Fees come from each fund's prospectus.

Other comparisons

TCAL vs WDTE TCAL vs BIGY TCAL vs APRJ TCAL vs APRH XRMI vs GRNI XRMI vs HEMI XRMI vs CVRD XRMI vs JUDO

Where to next

S&P 500 (SPY) →TCAL on its own →XRMI on its own →TCAL dividend history →TCAL holdings →XRMI dividend history →XRMI holdings →Method →Standards and sources →

Sources and dates

TCAL filings on SEC EDGAR ↗

TCAL prospectus with the expense ratio (SEC) ↗

T. Rowe Price website ↗

XRMI filings on SEC EDGAR ↗

XRMI prospectus with the expense ratio (SEC) ↗

XRMI 19a-1 distribution notice ↗

Global X page for XRMI ↗

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

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