IQSU vs TCAF
NYLIM Candriam US Large Cap Equity ETF vs T. Rowe Price Capital Appreciation Equity ETF
Which is better, IQSU or TCAF?
Each has led over a different period.
IQSU has a lower expense ratio. IQSU led over 1Y, TCAF over 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. TCAF is less concentrated, with 39.4% of the fund in its ten largest positions against 43.3%.
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 | IQSU | TCAF |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.31% |
| AUM | $354M | $9.1B |
| Dividend Yield | 0.91% | 0.45% |
| Holdings | 264 | 101 |
| YTD Return | +15.73%Best | +13.46% |
| 1Y Return | +20.02%Best | +14.72% |
| 3Y Return (annualized) | +19.22% | +19.72%Best |
| 5Y Return (annualized) | +11.67% | - |
| Volatility (annualized) | 13.8% | 12.0%Best |
| Max Drawdown | -21.0% | -16.6%Best |
| $10,000 over 3.3 years | $16,826 | $16,964Best |
| Top 10 Weight | 43.3% | 39.4%Best |
| Fund Family | New York Life Investments | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 17, 2019 | Jun 14, 2023 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 15, 2023 to Oct 14, 2026 (3.3 years).
IQSU vs TCAF 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 3.3 years both funds cover.
IQSU vs TCAF Performance
NYLIM Candriam US Large Cap Equity ETF (IQSU) is an ETF from New York Life Investments and T. Rowe Price Capital Appreciation Equity ETF (TCAF) is an ETF from T.Rowe Price. Over the past year IQSU returned +20.02% while TCAF returned +14.72%. Year to date, IQSU is up 15.73% versus a gain of 13.46% for TCAF.
Over three years, IQSU compounded at +19.22% per year against +19.72% for TCAF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IQSU has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 12.0% for TCAF. 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 -21.0% for IQSU and -16.6% for TCAF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IQSU charges 0.09% per year while TCAF charges 0.31%. On a $10,000 position that is $9 vs $31 annually, a gap of $22 per year that compounds over a long holding period. On income, IQSU currently yields 0.91% against 0.45% for TCAF.
Holdings Overlap
46.2% of IQSU's money is in holdings TCAF also owns. 46.6% of TCAF's money is in holdings IQSU also owns.
The two portfolios partly overlap.
37 positions in common, counted across the 269 positions we hold weights for in IQSU and 98 in TCAF, against full books of 264 and 101.
What only one of them owns
Our book lists 54 positions for TCAF that do not appear in our book for IQSU (43.1% of the fund), and 227 for IQSU that do not appear in TCAF (53.1%).
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 IQSU | Weight in TCAF | Difference |
|---|---|---|---|
| AAPLApple, Inc | 10.22% | 4.90% | 5.32% |
| MSFTMicrosoft Corp | 5.46% | 6.01% | 0.55% |
| AMZNAmazon.Com Inc | 4.78% | 5.02% | 0.24% |
| GOOGLAlphabet Inc | 5.24% | 3.15% | 2.09% |
| GOOGAlphabet Inc. C | 4.53% | 1.63% | 2.90% |
| AMDAdvanced Micro Devices Inc | 3.06% | 2.66% | 0.40% |
| MUMicron Technology, Inc. | 3.33% | 1.39% | 1.94% |
| MAMastercard Inc | 1.23% | 2.04% | 0.81% |
| VVisa Inc Class A | 1.70% | 1.26% | 0.44% |
| CORCencora Inc Common Stock Usd.01 | 0.15% | 2.52% | 2.37% |
46.6% of TCAF is already inside IQSU.
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, IQSU or TCAF?
IQSU has an expense ratio of 0.09% while TCAF charges 0.31%. IQSU is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, IQSU or TCAF?
Over the past year IQSU returned +20.02% vs +14.72% for TCAF, so IQSU leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IQSU or TCAF?
IQSU has been the more volatile fund at 13.8% annualized versus 12.0% for TCAF. Worst drawdown: IQSU -21.0% vs TCAF -16.6%.
Should I hold both IQSU and TCAF?
IQSU and TCAF have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IQSU and TCAF?
46.6% of TCAF's money is in holdings IQSU also owns. 46.6% of TCAF's is in holdings IQSU also owns. They hold 37 positions in common, counted across the 269 positions we hold weights for in IQSU and 98 in TCAF.
Which pays a higher dividend, IQSU or TCAF?
IQSU yields 0.91% while TCAF yields 0.45%, so IQSU currently pays the higher dividend yield.
Is TCAF better than IQSU?
IQSU has a lower expense ratio. IQSU led over 1Y, TCAF over 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. TCAF is less concentrated, with 39.4% of the fund in its ten largest positions against 43.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.