FLQL vs TCAL
Franklin US Large Cap Multifactor Index ETF vs T. Rowe Price Capital Appreciation Premium Income ETF
Which is better, FLQL or TCAL?
FLQL has been ahead.
FLQL has a lower expense ratio. FLQL led over 1Y and the full window. TCAL is less concentrated, with 17.0% of the fund in its ten largest positions against 37.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FLQL | TCAL |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.34% |
| AUM | $2.2B | $311M |
| Dividend Yield | 1.06% | 11.81% |
| Holdings | 219 | 488 |
| YTD Return | +12.74%Best | +2.64% |
| 1Y Return | +16.39%Best | +1.67% |
| 3Y Return (annualized) | +22.41% | - |
| 5Y Return (annualized) | +14.06% | - |
| Volatility (annualized) | 11.5% | 7.9%Best |
| Max Drawdown | -12.4% | -7.2%Best |
| $10,000 over 1.5 years | $13,686Best | $10,443 |
| Top 10 Weight | 37.2% | 17.0%Best |
| Fund Family | Franklin Templeton Investments (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 26, 2017 | Mar 26, 2025 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 27, 2025 to Oct 14, 2026 (1.5 years).
FLQL vs TCAL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.5 years both funds cover.
FLQL vs TCAL Performance
Franklin US Large Cap Multifactor Index ETF (FLQL) is an ETF from Franklin Templeton Investments (US) and T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) is an ETF from T.Rowe Price. Over the past year FLQL returned +16.39% while TCAL returned +1.67%. Year to date, FLQL is up 12.74% versus a gain of 2.64% for TCAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLQL has been the more volatile fund, with annualized monthly volatility of 11.5% compared with 7.9% for TCAL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.4% for FLQL and -7.2% for TCAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.36. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FLQL charges 0.15% per year while TCAL charges 0.34%. On a $10,000 position that is $15 vs $34 annually, a gap of $19 per year that compounds over a long holding period. On income, FLQL currently yields 1.06% against 11.81% for TCAL.
Holdings Overlap
34.4% of FLQL's money is in holdings TCAL also owns. 22.2% of TCAL's money is in holdings FLQL also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 217 positions we hold weights for in FLQL and 103 in TCAL, against full books of 219 and 488.
What only one of them owns
Our book lists 77 positions for TCAL that do not appear in our book for FLQL (72.9% of the fund), and 192 for FLQL that do not appear in TCAL (64.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FLQL | Weight in TCAL | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.46% | 1.28% | 6.18% |
| MSFTMicrosoft Corp | 5.26% | 1.94% | 3.32% |
| AMZNAmazon.Com Inc | 3.23% | 1.67% | 1.56% |
| METAMeta Platforms Inc | 2.06% | 1.44% | 0.62% |
| MAMastercard Inc | 1.21% | 1.79% | 0.58% |
| VVisa Inc Class A | 1.72% | 1.19% | 0.53% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.52% | 1.08% | 0.44% |
| JNJJohnson & Johnson - Common | 1.70% | 0.88% | 0.82% |
| ANETArista Networks Inc. | 1.25% | 1.21% | 0.04% |
| AMDAdvanced Micro Devices Inc | 1.21% | 1.18% | 0.03% |
34.4% of FLQL is already inside TCAL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLQL or TCAL?
FLQL has an expense ratio of 0.15% while TCAL charges 0.34%. FLQL is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, FLQL or TCAL?
Over the past year FLQL returned +16.39% vs +1.67% for TCAL, so FLQL leads on 1-year performance. Over the longest common window we track (2 years), FLQL annualized +23.27% vs +2.93% for TCAL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLQL or TCAL?
FLQL has been the more volatile fund at 11.5% annualized versus 7.9% for TCAL. Worst drawdown: FLQL -12.4% vs TCAL -7.2%.
Should I hold both FLQL and TCAL?
FLQL and TCAL have a monthly-return correlation of 0.36, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FLQL and TCAL?
34.4% of FLQL's money is in holdings TCAL also owns. 22.2% of TCAL's is in holdings FLQL also owns. They hold 21 positions in common, counted across the 217 positions we hold weights for in FLQL and 103 in TCAL.
Which pays a higher dividend, FLQL or TCAL?
FLQL yields 1.06% while TCAL yields 11.81%, so TCAL currently pays the higher dividend yield.
Is TCAL better than FLQL?
FLQL has a lower expense ratio. FLQL led over 1Y and the full window. TCAL is less concentrated, with 17.0% of the fund in its ten largest positions against 37.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.