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EDGE vs TCAL

MRBL Enhanced Equity ETF

EDGEBCboe

T. Rowe Price Capital Appreciation Premium Income ETF

TCALANYSE Arca

Overlap

0.0%by weight

Expense ratio

TCAL −0.40pt a year

EDGE0.74%TCAL0.34%

Avg volume · 30D

TCAL 47.0×the volume

EDGE1.7KTCAL79.7K

EDGE vs TCAL Performance

Oct 31, 2025 – Oct 30, 2026

+15.9%EDGE+9.2%TCAL

Oct 31, 2025 to Oct 30, 2026. EDGE +15.9%. TCAL +9.2%. Use the arrow keys to read each point.−5%0%5%20%Oct 2025Apr 2026Oct 2026
Expense ratio
EDGE 0.74%
TCAL 0.34%, better
Fund size
EDGE $13M
TCAL $319M
1Y total return
EDGE +15.9%, better
TCAL +9.2%
Yield (12M)
EDGE No data
TCAL 11.73%
Holdings
EDGE 2
TCAL 106
Avg volume (30D)
EDGE 1.7K sh
TCAL 79.7K sh, better
NAV per share
EDGE $51.39
TCAL $23.06
52W range

ETF.net Grade

EDGE: Cost 76, Risk 61, Mission not scored, Tradability 30, Holdings not scored, Durability 32. TCAL: Cost 97, Risk 64, Mission not scored, Tradability 58, Holdings 87, Durability 84.
Pillar letters and Scores for EDGE, TCAL, with each pillar’s weight
PillarEDGETCAL
Cost30% weightA76A97Higher
Mission25% weightNot scoredNot scored
Risk15% weightB61B64Higher
Tradability15% weightD30B58Higher
Holdings10% weightNot scoredA87
Durability5% weightD32A84Higher

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. EDGE 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 EDGE 16th 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 15BYLDWWestwood Enhanced Income Opportunity ETFScore 60
  5. Rank 16BEDGEMRBL Enhanced Equity ETFScore 58
  6. Rank 16BHBTAHorizon Expedition Plus ETFScore 58

Our read on each fund

ETF.net Research

EDGEBMRBL Enhanced Equity ETF

TCALAT. Rowe Price Capital Appreciation Premium Income ETF

In short

EDGE 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

EDGE 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

EDGE 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

EDGE 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 EDGE profile⁠

Full TCAL profile⁠

EDGE vs TCAL Holdings

How EDGE and TCAL differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of EDGE and 0.0% of TCAL.

Level by level

  • Holdings0 in both0.0%
  • Sector11 Sectors61.8%
  • Countryby domicile96.7%
  • Asset classEquity100%

Sector

Sector weights in EDGE and TCAL, widest gap first
SectorMore in EDGEMore in TCAL
TechnologyEDGE +25.7 points
Health CareTCAL +13.7 points
IndustrialsTCAL +10.0 points
UtilitiesTCAL +8.0 points
CommunicationEDGE +6.9 points
Consumer StaplesTCAL +4.5 points
FinancialsTCAL +2.1 points
Consumer DiscretionaryEDGE +1.9 points
Real EstateEDGE +1.7 points
EnergyEDGE +1.4 points
MaterialsEDGE +0.7 points

Country, concentration and asset class

Country by domicile

Country weights in EDGE and TCAL, widest gap first
CountryMore in EDGEMore in TCAL
United StatesEDGE +3.1 points
TaiwanTCAL +1.5 points
CanadaTCAL +1.3 points
SwitzerlandTCAL +0.5 points
Other countries (4)EDGE +0.2 points

Concentration

Weight in the 10 largest Holdings

  • EDGE100.1%
  • TCAL16.4%

Securities held

  • EDGE2
  • TCAL105

Asset class

EDGE
Equity
TCAL
Equity

Holdings

  • Only in EDGE2
  • In both0
  • Only in TCAL105

Only in EDGE

2 securities, 100% of EDGE by weight

  • Spy 01/15/2027 200.01 C91.21%
  • First American Government Obligations Fund 12/01/20318.87%

Only in TCAL

105 securities, 100% of TCAL by weight

  • Mastercard Inc A Common Stock USD.00011.85%
  • Veralto Corp Common Stock USD.011.74%
  • Microsoft Corp Common Stock USD.000006251.72%

Weight gaps

EDGE and TCAL share no securities.

All EDGE holdings⁠All 70 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.

EDGE vs TCAL Cost

Overpaying EDGE vs TCAL

$7,375

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

  • EDGE 0.74%

    $14,307

  • TCAL 0.34%

    $6,932

$10,000
30 years

Cost over time

  • EDGE 0.74%
  • TCAL 0.34%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530EDGE $14,307TCAL $6,932

Year by year

YearEDGETCALOverpaying
10$1,319$616$703
20$5,015$2,386$2,629
30$14,307$6,932$7,375

Expense ratio

  • 0.74%EDGE
  • 0.34%TCAL, cheaper
  • Middle half of Active Option Income funds
  • Median 0.95%

TCAL 2nd cheapest of 50 funds

EDGE 13th cheapest of 50 funds

EDGE vs TCAL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EDGE No data
TCAL 11.73%
Payout (12M)
EDGE None
TCAL $2.71
Last payment
EDGE No data
TCAL $0.26
Ex-dividend
EDGE No data
TCAL Oct 30, 2026
Paid on
EDGE No data
TCAL Pays Nov 3, 2026
Frequency
EDGE No data
TCAL Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

EDGEAll EDGE payments⁠

No distribution history available.

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

EDGE vs TCAL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EDGE 11.5%since Feb 2025TCAL 9.4%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
EDGE 0.96since Feb 2025TCAL 0.24since Apr 2025
Worst fallMax drawdown, 5 years
EDGE −20.7%since Jan 2025TCAL −7.2%since Mar 2025
Market sensitivityBeta, 5 years
EDGE 0.87TCAL 0.20

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