Data as of Nov 4, 2026.
TCAL vs XSPI: Dividend Yield & Total Return
TCAL and XSPI both write options for income.
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Net assets: $324m on Nov 3, 2026 for T. Rowe Price Capital Appreciation Premium Income ETF, and $140m on Oct 28, 2026 for NEOS Boosted S&P 500 High Income 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.About even with SPY
XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.
SPY
+12.1%
XSPI
+12.4%
13.9% of it arrived as cash
about even with SPY
Total return, distributions reinvested
About even with SPY
XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.
SPY
+12.1%
XSPI
+12.4%
13.9% as cash
about even with SPY
13.9% of it arrived as cash. Both charts share one scale, with zero at the line. XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TCAL costs 0.64 points a year less; TCAL is 2.3 times larger.
Points (pts) are percentage points.
| Measure | TCAL | XSPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +11.2% | not published |
| Price change | fell 1.2% (1 year) | fell 2.3% (since Feb 3, 2026) |
| Return of capital, issuer estimate | 98% of the Oct 9, 2026 payment | |
| Against its benchmark | ||
| Benchmark | its own stocks | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.34% | 0.98% |
| Net assets, as of Oct 28, 2026 | $320m | $140m |
| Holdings | ||
| Holdings in common | 23% | |
What they share
By the books each fund has filed, TCAL and XSPI hold 23% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.
half
23% 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 | XSPI | TCAL | XSPI | TCAL | XSPI |
| 3 months | +5.3% | +1.1% | 2.6% | 4.2% | −1.8 pts | +1.2 pts |
| 6 months | +12.3% | +7.0% | 6.3% | 8.5% | −0.9 pts | +2.0 pts |
| 1 year | +11.2% | – | 11.4% | – | −3.5 pts | – |
| Since launchNot the same days: TCAL Mar 2025 · XSPI Feb 2026 | +12.0% | +12.4% | 16.9% | 13.9% | not measured | +0.3 pts |
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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.
XSPI
Over the period from its first trade on Feb 3, 2026 to Nov 4, 2026, XSPI paid 13.9% of its starting value in cash distributions while its price fell 2.3%. With every distribution reinvested, the fund returned +12.4%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 16.6%, paid monthly. NEOS estimates that 98% of the distribution paid Oct 9, 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
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 XSPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/tcal-vs-xspi
ETFIQ. (Nov 4, 2026). TCAL against XSPI. Retrieved from https://etfiq.com/compare/income/tcal-vs-xspi
[TCAL against XSPI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/tcal-vs-xspi)
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