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ANEWvsTCAFETF Comparison

ETF 1

ANEW

ProShares MSCI Transformational Changes ETF

This fund is part of

Digital Infrastructure and Connectivity

+0.16%

Full ANEW fund page

VS

ETF 2

TCAF

T. Rowe Price Capital Appreciation Equity ETF

This fund is part of

US Large Cap

+0.43%

Full TCAF fund page

ProShares MSCI Transformational Changes ETF (ANEW) belongs to the Digital Infrastructure and Connectivity segment. T. Rowe Price Capital Appreciation Equity ETF (TCAF) is part of the US Large Cap segment. ANEW's top 3 sector exposures are Technology, Healthcare and Consumer Non-Cyclicals. In contrast, TCAF's top sector exposures are Technology, Healthcare and Finance. ANEW is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.31% for TCAF. ANEW is up 8.49% year-to-date (YTD) with - in YTD flows. TCAF performs better with 10.97% YTD performance, and +$1.53B in YTD flows. Run a side-by-side ETF comparison of ANEW and TCAF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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ANEW vs TCAF performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ANEW TCAF	+3.93%+0.56%	+5.89%+3.23%	+8.49%+10.97%	+8.37%+16.21%	+52.92%+64.85%	+17.72%n/a
Flows	ANEW TCAF	-+$431M	-+$1.06B	-+$1.53B	-+$2.23B	-$3M+$6.67B	-$38M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ANEW TCAF	+13.04%+11.85%	+12.73%+12.10%	+14.13%+14.05%	+17.73%n/a
Max drawdown	ANEW TCAF	-3.91%-3.86%	-16.05%-11.33%	-18.98%-16.28%	-39.72%n/a
Max drawdown duration	ANEW TCAF	28d28d	280d170d	126d146d	1179dn/a

Trading data

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	ANEW	TCAF
Last sale 9/2/2026 at 1:30 PM	$54.53	$43.00
Previous close 09/02/2026	$54.14	$42.68
Consolidated volume 09/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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TCAF

is actively managed and doesn’t replicate an index

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	ANEW	TCAF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	ANEW	TCAF
Last price	$54.53	$43.00
1D performance	+0.73%	+0.75%
AuM	$8.18 M	$8.63 B
E/R	0.45%	0.31%

Characteristics

	ANEW	TCAF
Management strategy	Passive	Active
Provider	ProShares	T. Rowe Price
Benchmark	MSCI Global Transformational Change Index	-
N° of holdings	142	96
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	October 14, 2020	June 15, 2023
ESG	No	No

More ANEW data on Trackinsight

More TCAF data on Trackinsight

Exposure

Countries

ANEW

USA

70.71%

Other

29.29%

TCAF

USA

89.98%

Other

10.02%

Sectors

ANEW

Technology

33.92%

Healthcare

27.87%

Consumer Non-Cycl.

9.97%

Non-Energy Materi.

9.44%

Other

18.81%

TCAF

Technology

41.75%

Healthcare

15.67%

Finance

8.65%

Utilities

8.53%

Consumer Non-Cycl.

8.29%

Other

17.11%

Diversification

ANEW

Total weight of top 15 holdings out of 15

32.3%

TCAF

Total weight of top 15 holdings out of 15

49.81%

Top 15 holdings

Data as of July 31, 2026

ANEW

AbbVie, Inc.

2.32%

DoorDash, Inc.

2.30%

Eli Lilly & Co.

2.28%

Danaher Corp.

2.27%

Abbott Laboratories

2.27%

Apple, Inc.

2.18%

Symrise AG

2.18%

Deere & Co.

2.18%

Givaudan SA

2.15%

Corteva, Inc.

2.14%

Kerry Group Plc

2.10%

McCormick & Co., Inc.

2.07%

Roche Holding AG

2.05%

Meta Platforms, Inc.

1.91%

Tencent Holdings Ltd.

1.87%

TCAF

Microsoft Corp.

5.40%

NVIDIA Corp.

5.26%

Amazon.com, Inc.

5.25%

Alphabet, Inc.

4.41%

Apple, Inc.

4.23%

Broadcom Inc.

3.97%

Meta Platforms, Inc.

3.68%

CenterPoint Energy, Inc.

2.96%

Cencora, Inc.

2.85%

Mastercard, Inc.

2.26%

Advanced Micro Devices, Inc.

2.15%

Taiwan Semiconductor Manufacturing Co., Ltd.

1.96%

Keurig Dr Pepper, Inc.

1.94%

Alphabet, Inc.

1.77%

Ameren Corp.

1.75%

Frequently asked questions about ANEW and TCAF

How have the ANEW and TCAF ETFs performed in 2026?

As of September 2, 2026, ANEW is up 8.49% year-to-date (YTD), while TCAF has returned 10.97%. That puts TCAF better performer ahead so far this year.

Which ETF is attracting more investor money: ANEW or TCAF?

Year-to-date, the ANEW ETF saw - in flows, compared to +$1.53B for TCAF.

Which ETF is more volatile: ANEW or TCAF?

Over the past year, ANEW had a volatility of 12.73%, while TCAF experienced 12.1%.

Which ETF is bigger: ANEW or TCAF?

As of September 2, 2026, ANEW holds $8.18 M in assets under management (AUM), while TCAF manages $8.63 B.

What sectors do the ANEW and TCAF ETFs invest in?

ANEW leans toward sectors like Technology, Healthcare and Consumer Non-Cyclicals. Meanwhile, TCAF focuses on Technology, Healthcare and Finance.

What are the top holdings of the ANEW ETF and TCAF ETF?

ANEW top holdings include AbbVie, Inc., DoorDash, Inc. and Eli Lilly & Co.. TCAF holds in its top three: Microsoft Corp., NVIDIA Corp. and Amazon.com, Inc..

ANEWvsTCAFETF Comparison

ProShares MSCI Transformational Changes ETF

T. Rowe Price Capital Appreciation Equity ETF

ANEW vs TCAF performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the ANEW and TCAF ETFs performed in 2026?

As of September 2, 2026, ANEW is up 8.49% year-to-date (YTD), while TCAF has returned 10.97%. That puts TCAF better performer ahead so far this year.

Which ETF is attracting more investor money: ANEW or TCAF?

Year-to-date, the ANEW ETF saw - in flows, compared to +$1.53B for TCAF.

Which ETF is more volatile: ANEW or TCAF?

Over the past year, ANEW had a volatility of 12.73%, while TCAF experienced 12.1%.

Which ETF is bigger: ANEW or TCAF?

As of September 2, 2026, ANEW holds $8.18 M in assets under management (AUM), while TCAF manages $8.63 B.

What sectors do the ANEW and TCAF ETFs invest in?

ANEW leans toward sectors like Technology, Healthcare and Consumer Non-Cyclicals. Meanwhile, TCAF focuses on Technology, Healthcare and Finance.

What are the top holdings of the ANEW ETF and TCAF ETF?

ANEW top holdings include AbbVie, Inc., DoorDash, Inc. and Eli Lilly & Co.. TCAF holds in its top three: Microsoft Corp., NVIDIA Corp. and Amazon.com, Inc..

Which ETF is more diversified: ANEW or TCAF?

ANEW holds 142 securities with 32.3% of its assets in the top 15. TCAF has 100 securities and a top 15 weight of 49.81%.

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