TCAF vs VOO
TCAF vs VOO
T. Rowe Price Capital Appreciation Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | TCAF | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.03% | |
| AUM | $7.9B | $979.0B | |
| Dividend Yield | 0.47% | 1.09% | |
| Holdings | 347 | 509 | |
| YTD Return | +12.41% | +13.80% | |
| 1Y Return | +18.47% | +23.71% | |
| 3Y Return (annualized) | +18.60% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 12.3% | 14.1% | |
| Max Drawdown | -16.6% | -34.3% | |
| Fund Family | T.Rowe Price | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 14, 2023 | Sep 7, 2010 |
TCAF vs VOO Performance
T. Rowe Price Capital Appreciation Equity ETF (TCAF) is a ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TCAF returned +18.47% while VOO returned +23.71%. Year to date, TCAF is up 12.41% versus a gain of 13.80% for VOO.
Over three years, TCAF compounded at +18.60% per year against +21.50% for VOO. Across the full 3-year window we track, TCAF has the edge at +18.14% annualized vs +13.58%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.3% 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 -16.6% for TCAF and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
TCAF charges 0.31% per year while VOO charges 0.03%. On a $10,000 position that is $31 vs $3 annually, a gap of $28 per year that compounds over a long holding period. On income, TCAF currently yields 0.47% against 1.09% for VOO.
Holdings Overlap
TCAF and VOO share 1 holdings out of 666 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in TCAF | Weight in VOO | Difference |
|---|---|---|---|
| VST | 0.04% | 0.08% | 0.04% |
Frequently Asked Questions
Which is cheaper, TCAF or VOO?
TCAF has an expense ratio of 0.31% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, TCAF or VOO?
Over the past year TCAF returned +18.47% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), TCAF annualized +18.14% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, TCAF or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.3% for TCAF. Worst drawdown: TCAF -16.6% vs VOO -34.3%.
Should I hold both TCAF and VOO?
TCAF and VOO have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between TCAF and VOO?
TCAF and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 666 unique securities.
Which pays a higher dividend, TCAF or VOO?
TCAF yields 0.47% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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