TCAF vs YLDE
T. Rowe Price Capital Appreciation Equity ETF vs Franklin ClearBridge Enhanced Income ETF
Which is better, TCAF or YLDE?
TCAF has been ahead.
TCAF has a lower expense ratio. TCAF led over 1Y, 3Y and the full window. YLDE is less concentrated, with 32.6% of the fund in its ten largest positions against 39.4%.
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 | TCAF | YLDE |
|---|---|---|
| Expense Ratio | 0.31%Best | 0.48% |
| AUM | $9.1B | $173M |
| Dividend Yield | 0.45% | 7.02% |
| Holdings | 101 | 110 |
| YTD Return | +13.46%Best | +8.88% |
| 1Y Return | +14.72%Best | +11.41% |
| 3Y Return (annualized) | +19.72%Best | +16.86% |
| 5Y Return (annualized) | - | +10.66% |
| Volatility (annualized) | 12.0% | 10.2%Best |
| Max Drawdown | -16.6% | -11.2%Best |
| $10,000 over 3.3 years | $16,964Best | $15,656 |
| Top 10 Weight | 39.4% | 32.6%Best |
| Fund Family | T.Rowe Price | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 14, 2023 | May 22, 2017 |
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).
TCAF vs YLDE 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.
TCAF vs YLDE Performance
T. Rowe Price Capital Appreciation Equity ETF (TCAF) is an ETF from T.Rowe Price and Franklin ClearBridge Enhanced Income ETF (YLDE) is an ETF from Franklin Templeton Investments (US). Over the past year TCAF returned +14.72% while YLDE returned +11.41%. Year to date, TCAF is up 13.46% versus a gain of 8.88% for YLDE.
Over three years, TCAF compounded at +19.72% per year against +16.86% for YLDE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TCAF has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 10.2% for YLDE. 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 -16.6% for TCAF and -11.2% for YLDE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TCAF charges 0.31% per year while YLDE charges 0.48%. On a $10,000 position that is $31 vs $48 annually, a gap of $17 per year that compounds over a long holding period. On income, TCAF currently yields 0.45% against 7.02% for YLDE.
Holdings Overlap
30.3% of TCAF's money is in holdings YLDE also owns. 25.1% of YLDE's money is in holdings TCAF also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 98 positions we hold weights for in TCAF and 48 in YLDE, against full books of 101 and 110.
What only one of them owns
Our book lists 34 positions for YLDE that do not appear in our book for TCAF (67.3% of the fund), and 80 for TCAF that do not appear in YLDE (59.5%).
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 TCAF | Weight in YLDE | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.01% | 3.67% | 2.34% |
| NVDANvidia Corp. | 5.52% | 3.50% | 2.02% |
| AAPLApple, Inc | 4.90% | 2.18% | 2.72% |
| GOOGLAlphabet Inc Cap Stk Cl A | 3.15% | 3.41% | 0.26% |
| METAMeta Platform Inc | 3.52% | 2.10% | 1.42% |
| AVGOBroadcom Inc | 3.30% | 2.05% | 1.25% |
| JPMJpmorgan Chase | 1.46% | 2.06% | 0.60% |
| VVisa Inc-class A Shares | 1.26% | 1.92% | 0.66% |
| BDXBecton Dickinson And Co. | 0.66% | 2.02% | 1.36% |
| TXNTexas Instruments, Inc | 0.47% | 2.16% | 1.69% |
30.3% of TCAF is already inside YLDE.
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, TCAF or YLDE?
TCAF has an expense ratio of 0.31% while YLDE charges 0.48%. TCAF is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, TCAF or YLDE?
Over the past year TCAF returned +14.72% vs +11.41% for YLDE, so TCAF leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TCAF or YLDE?
TCAF has been the more volatile fund at 12.0% annualized versus 10.2% for YLDE. Worst drawdown: TCAF -16.6% vs YLDE -11.2%.
Should I hold both TCAF and YLDE?
TCAF and YLDE have a monthly-return correlation of 0.74, 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 TCAF and YLDE?
30.3% of TCAF's money is in holdings YLDE also owns. 25.1% of YLDE's is in holdings TCAF also owns. They hold 10 positions in common, counted across the 98 positions we hold weights for in TCAF and 48 in YLDE.
Which pays a higher dividend, TCAF or YLDE?
TCAF yields 0.45% while YLDE yields 7.02%, so YLDE currently pays the higher dividend yield.
Is YLDE better than TCAF?
TCAF has a lower expense ratio. TCAF led over 1Y, 3Y and the full window. YLDE is less concentrated, with 32.6% of the fund in its ten largest positions against 39.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.