TCALvsSSPYETF Comparison
ETF 1
TCAL
T. Rowe Price Capital Appreciation Premium Income ETF
This fund is part of
Options Strategies
-0.35%
VS
T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) belongs to the Options Strategies segment. Stratified LargeCap Index ETF (SSPY) is part of the US Large Cap segment. TCAL's top 3 sector exposures are Healthcare, Industrials and Technology. In contrast, SSPY's top sector exposures are Technology, Consumer Non-Cyclicals and Finance. TCAL is less expensive with a Total Expense Ratio (TER) of 0.34%, versus 0.45% for SSPY. TCAL is up 1.84% year-to-date (YTD) with +$109M in YTD flows. SSPY performs better with 14% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of TCAL and SSPY 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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TCAL vs SSPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TCAL SSPY | -2.62%-2.49% | +3.11%+1.83% | +1.84%+14.00% | +3.15%+17.06% | n/a+54.57% | n/a+61.63% |
| Flows | TCAL SSPY | +$12M- | +$33M- | +$109M-$2M | +$193M-$13M | --$9M | --$14M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TCAL SSPY | +8.75%+9.66% | +8.63%+10.77% | n/a+13.22% | n/a+15.67% |
| Max drawdown | TCAL SSPY | -3.75%-3.44% | -7.17%-7.43% | n/a-15.97% | n/a-19.57% |
| Max drawdown duration | TCAL SSPY | 19d29d | 155d65d | n/a211d | n/a707d |
Trading data
TCAL | SSPY | |
Last sale 9/16/2026 at 1:30 PM | $22.25 | $97.74 |
| Previous close 09/15/2026 | $22.30 | $98.39 |
| Consolidated volume 09/15/2026 | ||
| 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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TCAL
is actively managed and doesn’t replicate an indexTCAL | SSPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/16/2026 at 1:30 PM
Live
Closed
TCAL | SSPY | |
|---|---|---|
| Last price | $22.25 | $97.74 |
| 1D performance | -0.21% | -0.66% |
| AuM | $304.39 M | $129.50 M |
| E/R | 0.34% | 0.45% |
Characteristics
TCAL | SSPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | Exchange Traded Concepts |
| Benchmark | - | Syntax Stratified LargeCap Index |
| N° of holdings | 104 | 500 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 26, 2025 | January 2, 2019 |
| ESG | No | No |
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Exposure
Countries
TCAL
USA
91.33%
Other
8.67%
SSPY
USA
95.71%
Other
4.29%
Sectors
TCAL
Healthcare
22.39%
Industrials
16.26%
Technology
14.87%
Consumer Non-Cycl.
11.33%
Finance
9.81%
Utilities
9.27%
Other
16.07%
SSPY
Technology
16.85%
Consumer Non-Cycl.
14.46%
Finance
14.31%
Healthcare
12.49%
Industrials
9.41%
Other
32.49%
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Diversification
TCAL
Total weight of top 15 holdings out of 15
25.21%
SSPY
Total weight of top 15 holdings out of 15
11.77%
Top 15 holdings
Data as of July 31, 2026
TCAL
Waters Corp.
1.95%
Mastercard, Inc.
1.83%
Veralto Corp.
1.79%
Microsoft Corp.
1.78%
Lockheed Martin Corp.
1.76%
Amazon.com, Inc.
1.72%
Danaher Corp.
1.72%
Waste Connections, Inc.
1.72%
Thermo Fisher Scientific, Inc.
1.67%
McDonald's Corp.
1.61%
Northrop Grumman Corp.
1.58%
Service Corp. International
1.56%
Abbott Laboratories
1.52%
IDEX Corp.
1.52%
Motorola Solutions, Inc.
1.47%
SSPY
Microsoft Corp.
1.22%
Capital One Financial Corp.
1.16%
Synchrony Financial
1.06%
International Business Machines Corp.
0.85%
Sysco Corp.
0.83%
Ross Stores, Inc.
0.80%
Costco Wholesale Corp.
0.75%
The TJX Cos., Inc.
0.71%
Walmart, Inc.
0.71%
The Kroger Co.
0.69%
Meta Platforms, Inc.
0.67%
Chipotle Mexican Grill, Inc.
0.59%
Universal Health Services, Inc.
0.59%
Take-Two Interactive Software, Inc.
0.59%
Loews Corp.
0.55%
Frequently asked questions about TCAL and SSPY
How have the TCAL and SSPY ETFs performed in 2026?
As of September 14, 2026, TCAL is up 1.84% year-to-date (YTD), while SSPY has returned 14%. That puts SSPY better performer ahead so far this year.
Which ETF is attracting more investor money: TCAL or SSPY?
Year-to-date, the TCAL ETF saw +$109M in flows, compared to -$2M for SSPY.
Which ETF is more volatile: TCAL or SSPY?
Over the past year, TCAL had a volatility of 8.63%, while SSPY experienced 10.77%.
Which ETF is bigger: TCAL or SSPY?
As of September 14, 2026, TCAL holds $304.39 M in assets under management (AUM), while SSPY manages $129.50 M.
What sectors do the TCAL and SSPY ETFs invest in?
TCAL leans toward sectors like Healthcare, Industrials and Technology. Meanwhile, SSPY focuses on Technology, Consumer Non-Cyclicals and Finance.
What are the top holdings of the TCAL ETF and SSPY ETF?
TCAL top holdings include Waters Corp., Mastercard, Inc. and Veralto Corp.. SSPY holds in its top three: Microsoft Corp., Capital One Financial Corp. and Synchrony Financial.
Which ETF is more diversified: TCAL or SSPY?
TCAL holds 104 securities with 25.21% of its assets in the top 15. SSPY has 503 securities and a top 15 weight of 11.77%.
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