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CTEF vs TCAL

Castellan Targeted Equity ETF

CTEFBCboe

T. Rowe Price Capital Appreciation Premium Income ETF

TCALANYSE Arca

Overlap

Expense ratio

TCAL −0.11pt a year

CTEF0.45%TCAL0.34%

Avg volume · 30D

TCAL 13.7×the volume

CTEF5.81KTCAL79.7K

CTEF vs TCAL Performance

Oct 31, 2025 – Oct 30, 2026

+24.1%CTEF+9.2%TCAL

Oct 31, 2025 to Oct 30, 2026. CTEF +24.1%. TCAL +9.2%. Use the arrow keys to read each point.0%30%40%Oct 2025Apr 2026Oct 2026
Expense ratio
CTEF 0.45%
TCAL 0.34%, better
Fund size
CTEF $612M
TCAL $319M
1Y total return
CTEF +24.1%, better
TCAL +9.2%
Yield (12M)
CTEF No data
TCAL 11.73%
Holdings
CTEF 30
TCAL 106
Avg volume (30D)
CTEF 5.81K sh
TCAL 79.7K sh, better
NAV per share
CTEF $81.82
TCAL $23.06
52W range

ETF.net Grade

CTEF: Cost 89, Risk 41, Mission not scored, Tradability 56, Holdings 38, Durability 67. TCAL: Cost 97, Risk 64, Mission not scored, Tradability 58, Holdings 87, Durability 84.
Pillar letters and Scores for CTEF, TCAL, with each pillar’s weight
PillarCTEFTCAL
Cost30% weightA89A97Higher
Mission25% weightNot scoredNot scored
Risk15% weightC41B64Higher
Tradability15% weightB56B58Higher
Holdings10% weightD38A87Higher
Durability5% weightB67A84Higher

Rank among Active Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CTEF and TCAL are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds
See all 50 ›

TCAL ranks 2nd and CTEF 13th of 50 funds in the Active Option Income Category.

  1. Rank 1ARECIColumbia Research Enhanced Core Premium Income ETScore 83
  2. Rank 2ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 80
  3. Rank 2AYLDEFranklin ClearBridge Enhanced Income ETFScore 80
  4. Rank 12BCTIFCastellan Targeted Income ETFScore 66
  5. Rank 13BCTEFCastellan Targeted Equity ETFScore 64
  6. Rank 14BHCOWAmplify COWS Covered Call ETFScore 63

Our read on each fund

ETF.net Research

CTEFBCastellan Targeted Equity ETF

TCALAT. Rowe Price Capital Appreciation Premium Income ETF

In short

CTEF No data

TCAL An active stock picker's take on the covered-call trade: roughly 70 hand-chosen holdings, calls written on top, cash paid out monthly, all for 0.34% a year.

Stated mandate

CTEF No data

TCAL The fund seeks regular distributions while aiming to preserve capital and potentially achieve capital appreciation. It invests in equities and writes covered calls to generate cash flow alongside dividends.

Why people hold it

CTEF No data

  • TCAL At 0.34% a year, it undercuts most active options-income funds, including DIVO at 0.56%, so more of the option premium stays in the portfolio instead of the fee line.
  • Active all the way down: roughly 70 equities picked by T. Rowe Price, with covered calls layered on to generate cash alongside dividends. No index sitting underneath.
  • Pays monthly, and the stated mandate ties those distributions to preserving capital and seeking appreciation rather than maximizing headline yield.
  • Ranks among the strongest implementations in a crowded options-income field, with cost the clearest edge.

Worth knowing

CTEF No data

  • TCAL Written calls trade upside for cash. When the stock picks run hard, the calls limit how much of that move the fund keeps.
  • Launched in 2025, so there is no full market-cycle record to judge the strategy against yet.
  • The fund discloses that distributions can include return of capital, meaning part of a payout may be your own money coming back rather than income earned.

Full CTEF profile⁠

Full TCAL profile⁠

CTEF vs TCAL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CTEF vs TCAL Cost

Overpaying CTEF vs TCAL

$2,109

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CTEF 0.45%

    $9,041

  • TCAL 0.34%

    $6,932

$10,000
30 years

Cost over time

  • CTEF 0.45%
  • TCAL 0.34%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530CTEF $9,041TCAL $6,932

Year by year

YearCTEFTCALOverpaying
10$812$616$196
20$3,128$2,386$742
30$9,041$6,932$2,109

Expense ratio

  • 0.45%CTEF
  • 0.34%TCAL, cheaper
  • Middle half of Active Option Income funds
  • Median 0.95%

TCAL 2nd cheapest of 50 funds

CTEF 6th cheapest of 50 funds

CTEF vs TCAL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CTEF No data
TCAL 11.73%
Payout (12M)
CTEF No data
TCAL $2.71
Last payment
CTEF $0.05
TCAL $0.26
Ex-dividend
CTEF Dec 23, 2025
TCAL Oct 30, 2026
Paid on
CTEF Dec 24, 2025
TCAL Pays Nov 3, 2026
Frequency
CTEF Irregular
TCAL Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

CTEFIrregular · 1 paymentAll CTEF payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.05. Use the arrow keys to read each point.$0$0.252026YTD
TCALMonthly · 20 paymentsAll TCAL payments⁠
One bar per payment. 20 payments from 2025 to 2026 YTD. Apr 25, 2025 $0.17; May 27, 2025 $0.24; Jun 25, 2025 $0.22; Jul 28, 2025 $0.20; Aug 26, 2025 $0.20; Sep 25, 2025 $0.20; Oct 28, 2025 $0.30; Nov 24, 2025 $0.21; Dec 23, 2025 $0.22; Jan 27, 2026 $0.26; Feb 24, 2026 $0.18; Mar 26, 2026 $0.22; Apr 27, 2026 $0.21; May 26, 2026 $0.19; Jun 25, 2026 $0.18; Jun 30, 2026 $0.18; Jul 31, 2026 $0.25; Aug 31, 2026 $0.17; Sep 30, 2026 $0.18; Oct 30, 2026 $0.26. Use the arrow keys to read each point.$0$0.252026YTD

CTEF vs TCAL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CTEF 23.4%since Jul 2025TCAL 9.4%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
CTEF 1.39since Jul 2025TCAL 0.24since Apr 2025
Worst fallMax drawdown, 5 years
CTEF −15.0%since Jun 2025TCAL −7.2%since Mar 2025
Market sensitivityBeta, 5 years
CTEF 1.36TCAL 0.20

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