T. Rowe Price Capital Appreciation Market Opportunities ETF
$25.16−0.04 (−0.14%)
- 0.25%
- $31M
- 0M sh
- $25.15
- low $24.94high $25.39
The ETF.net TPUT Grade
A
Score 72 out of 100
- 8 of 52
Score 72 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A96 out of 100Rank 2 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A95 out of 100Rank 1 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F20 out of 100Rank 48 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F23 out of 100Rank 50 of 52
Our read on TPUT
AMost S&P 500 income ETFs sell calls on stocks they own. This one sells puts instead: premiums up front, equity exposure only if the market falls to the strike. Giroux's Capital Appreciation team runs it for 0.25%.
The fund seeks current income while retaining the potential for capital appreciation.
Why people hold it
- Writes out-of-the-money put options on the S&P 500 or SPY rather than calls on a stock portfolio, a different income engine from the covered-call funds that fill this cohort.sec.gov
- At 0.25%, it sits in the cheapest tier of S&P 500 options-income ETFs, level with IVVW and materially under XYLD and SPYI.troweprice.com
- Seven T. Rowe Price managers run it, including David Giroux, using the Capital Appreciation strategy's dynamic asset allocation model to time the writing.troweprice.com
- Stated goal is current income while retaining the potential for capital appreciation, with the written puts as the on-ramp into stocks at lower prices.sec.gov
Worth knowing
- Put writing trades away the melt-up: if the index keeps climbing, the fund keeps the premium, not the rally.sec.gov
- If the index settles below the strike, the fund owes the shortfall less the premium collected, the same math as owning at that price.troweprice.com
- A 2026 launch, small and thinly traded so far, which can mean wider spreads. Distributions may include return of capital.
TPUT Holdings
- Other
- 3
- 100%
- Cash/Cash equivalent USD
TPUT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
TPUT$10,139
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TPUT |
|---|---|
| Year to date | — |
| 1 month | +0.4% |
| 3 months | +1.4% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TPUT |
|---|---|---|
| 2026 YTD | +2.1% |
TPUT in the news
TPUT Dividends
- $0.12 per share
- Monthly
Distribution data unavailable.
Distribution history
TPUT Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TPUT Cost
0.25%
TPUT0.25%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
1 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- APBPInvesco S&P 500 BuyWrite ETFExpense ratio 0.29%1 year return +20.1%
- APHEQParametric Hedged Equity ETFExpense ratio 0.29%1 year return +14.3%
- ARSPAInvesco S&P 500 Equal Weight Income Advantage ETFExpense ratio 0.32%1 year return +15.3%
- AXYLGGlobal X S&P 500 Covered Call & Growth ETFExpense ratio 0.35%1 year return +20.3%
- ASPYINeos S&P 500(R) High Income ETFExpense ratio 0.68%1 year return +18.6%