TCAFvsQEWETF Comparison
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T. Rowe Price Capital Appreciation Equity ETF (TCAF) and Invesco QQQ Equal Weight ETF (QEW) belong to the same industry segment: US Large Cap. TCAF's top 3 sector exposures are Technology, Healthcare and Consumer Non-Cyclicals. In contrast, QEW's top sector exposures are Technology, Consumer Non-Cyclicals and Healthcare. TCAF is more expensive with a Total Expense Ratio (TER) of 0.31%, versus 0.25% for QEW. Run a side-by-side ETF comparison of TCAF and QEW 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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TCAF vs QEW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TCAF QEW | +2.53%-2.29% | +3.34%+1.03% | +12.63%n/a | +14.33%n/a | +71.34%n/a | n/an/a |
| Flows | TCAF QEW | -$101M+$3M | +$541M+$6M | +$1.55B- | +$1.84B- | +$6.61B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TCAF QEW | +11.24%+14.98% | +12.18%n/a | +14.03%n/a | n/an/a |
| Max drawdown | TCAF QEW | -2.75%-6.45% | -11.33%n/a | -16.28%n/a | n/an/a |
| Max drawdown duration | TCAF QEW | 15d67d | 170dn/a | 146dn/a | n/an/a |
Trading data
TCAF | QEW | |
Last sale 10/19/2026 at 1:30 PM | $43.22 | $29.17 |
| Previous close 10/19/2026 | $43.02 | $29.00 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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TCAF
is actively managed and doesn’t replicate an indexTCAF | QEW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
TCAF | QEW | |
|---|---|---|
| Last price | $43.22 | $29.17 |
| 1D performance | +0.46% | +0.59% |
| AuM | $8.77 B | $26.26 M |
| E/R | 0.31% | 0.25% |
Characteristics
TCAF | QEW | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | Invesco |
| Benchmark | - | NASDAQ-100 Equal Weighted Index |
| N° of holdings | 95 | 101 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 15, 2023 | March 18, 2026 |
| ESG | No | No |
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Exposure
Countries
TCAF
USA
89.34%
Other
10.66%
QEW
USA
88.19%
Other
11.81%
Sectors
TCAF
Technology
42.43%
Healthcare
17.04%
Consumer Non-Cycl.
8.49%
Utilities
8.36%
Finance
8.19%
Other
15.49%
QEW
Technology
44.33%
Consumer Non-Cycl.
12%
Healthcare
9.7%
Industrials
7.65%
Other
26.32%
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Diversification
TCAF
Total weight of top 15 holdings out of 15
49.05%
QEW
Total weight of top 15 holdings out of 15
19.32%
Top 15 holdings
Data as of August 31, 2026
TCAF
Microsoft Corp.
6.16%
NVIDIA Corp.
5.44%
Amazon.com, Inc.
5.15%
Apple, Inc.
4.66%
Broadcom Inc.
3.32%
Alphabet, Inc.
3.19%
Meta Platforms, Inc.
3.10%
CenterPoint Energy, Inc.
2.80%
Cencora, Inc.
2.49%
Advanced Micro Devices, Inc.
2.37%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.16%
Alnylam Pharmaceuticals, Inc.
2.13%
Mastercard, Inc.
2.11%
Keurig Dr Pepper, Inc.
2.11%
Ameren Corp.
1.86%
QEW
DoorDash, Inc.
1.42%
Airbnb, Inc.
1.35%
PayPal Holdings, Inc.
1.34%
Axon Enterprise, Inc.
1.33%
Palo Alto Networks, Inc.
1.33%
Workday, Inc.
1.29%
Regeneron Pharmaceuticals, Inc.
1.28%
Paychex, Inc.
1.27%
Shopify, Inc.
1.27%
Roper Technologies, Inc.
1.27%
Amgen, Inc.
1.27%
Automatic Data Processing, Inc.
1.25%
Fortinet, Inc.
1.22%
CrowdStrike Holdings, Inc.
1.22%
Vertex Pharmaceuticals, Inc.
1.20%
Frequently asked questions about TCAF and QEW
Which ETF is bigger: TCAF or QEW?
As of October 16, 2026, TCAF holds $8.77 B in assets under management (AUM), while QEW manages $26.26 M.
What sectors do the TCAF and QEW ETFs invest in?
TCAF leans toward sectors like Technology, Healthcare and Consumer Non-Cyclicals. Meanwhile, QEW focuses on Technology, Consumer Non-Cyclicals and Healthcare.
What are the top holdings of the TCAF ETF and QEW ETF?
TCAF top holdings include Microsoft Corp., NVIDIA Corp. and Amazon.com, Inc.. QEW holds in its top three: DoorDash, Inc., Airbnb, Inc. and PayPal Holdings, Inc..
Which ETF is more diversified: TCAF or QEW?
TCAF holds 96 securities with 49.05% of its assets in the top 15. QEW has 102 securities and a top 15 weight of 19.32%.
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