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FIZY vs TCAL

Fitz-Gerald Must Have Portfolio® and Options Overlay ETF

FIZYCNYSE Arca

T. Rowe Price Capital Appreciation Premium Income ETF

TCALANYSE Arca

Overlap

Expense ratio

TCAL −0.67pt a year

FIZY1.01%TCAL0.34%

Avg volume · 30D

TCAL 4.6×the volume

FIZY17.5KTCAL79.7K

FIZY vs TCAL Performance

Sep 30, 2026 – Oct 30, 2026

+2.5%FIZY+7.0%TCAL

Sep 30, 2026 to Oct 30, 2026. FIZY +2.5%. TCAL +7.0%. Use the arrow keys to read each point.0%4%6%Sep 30Oct 15Oct 30
Expense ratio
FIZY 1.01%
TCAL 0.34%, better
Fund size
FIZY $14M
TCAL $319M
1Y total return
FIZY No data
TCAL +9.2%
Yield (12M)
FIZY No data
TCAL 11.73%
Holdings
FIZY 65
TCAL 106
Avg volume (30D)
FIZY 17.5K sh
TCAL 79.7K sh, better
NAV per share
FIZY $26.72
TCAL $23.06
52W range

ETF.net Grade

FIZY: Cost 29, Risk 79, Mission not scored, Tradability 36, Holdings 58, Durability 36. TCAL: Cost 97, Risk 64, Mission not scored, Tradability 58, Holdings 87, Durability 84.
Pillar letters and Scores for FIZY, TCAL, with each pillar’s weight
PillarFIZYTCAL
Cost30% weightD29A97Higher
Mission25% weightNot scoredNot scored
Risk15% weightA79HigherB64
Tradability15% weightD36B58Higher
Holdings10% weightB58A87Higher
Durability5% weightD36A84Higher

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. FIZY 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 FIZY 25th 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 25CEGGSNestYield Total Return Guard ETFScore 44
  5. Rank 25CFIZYFitz-Gerald Must Have Portfolio® and Options Overlay ETFScore 44
  6. Rank 25CWEELPeerless Option Income Wheel ETFScore 44

Our read on each fund

ETF.net Research

FIZYCFitz-Gerald Must Have Portfolio® and Options Overlay ETF

TCALAT. Rowe Price Capital Appreciation Premium Income ETF

In short

FIZY 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

FIZY 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

FIZY 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

FIZY 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 FIZY profile⁠

Full TCAL profile⁠

FIZY 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.

FIZY vs TCAL Cost

Overpaying FIZY vs TCAL

$11,918

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

  • FIZY 1.01%

    $18,850

  • TCAL 0.34%

    $6,932

$10,000
30 years

Cost over time

  • FIZY 1.01%
  • 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$15K$20K051015202530FIZY $18,850TCAL $6,932

Year by year

YearFIZYTCALOverpaying
10$1,780$616$1,164
20$6,686$2,386$4,300
30$18,850$6,932$11,918

Expense ratio

  • 1.01%FIZY
  • 0.34%TCAL, cheaper
  • Middle half of Active Option Income funds
  • Median 0.95%

TCAL 2nd cheapest of 50 funds

FIZY 33rd cheapest of 50 funds

FIZY vs TCAL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FIZY No data
TCAL 11.73%
Payout (12M)
FIZY No data
TCAL $2.71
Last payment
FIZY $0.07
TCAL $0.26
Ex-dividend
FIZY Oct 28, 2026
TCAL Oct 30, 2026
Paid on
FIZY Oct 29, 2026
TCAL Pays Nov 3, 2026
Frequency
FIZY Weekly
TCAL Monthly

Distribution history

Per share, 2026, same scale for both

FIZYWeekly · 10 paymentsAll FIZY payments⁠
One bar per payment. 10 payments in 2026 YTD. Aug 26, 2026 $0.07; Sep 2, 2026 $0.07; Sep 9, 2026 $0.07; Sep 16, 2026 $0.07; Sep 23, 2026 $0.07; Sep 30, 2026 $0.07; Oct 7, 2026 $0.07; Oct 14, 2026 $0.07; Oct 21, 2026 $0.07; Oct 28, 2026 $0.07. Use the arrow keys to read each point.$0$0.252026YTD
TCALMonthly · 11 paymentsAll TCAL payments⁠
One bar per payment. 11 payments in 2026 YTD. 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

FIZY vs TCAL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FIZY No dataTCAL 9.4%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
FIZY No dataTCAL 0.24since Apr 2025
Worst fallMax drawdown, 5 years
FIZY No dataTCAL −7.2%since Mar 2025
Market sensitivityBeta, 5 years
FIZY 0.00TCAL 0.20

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