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TACU vs TCAF

T. Rowe Price Active Core U.S. Equity ETF

TACUANYSE Arca

T. Rowe Capital Appreciation Equity ETF

TCAFANYSE Arca

Overlap

Expense ratio

TACU −0.31pt a year

TACU0.00%TCAF0.31%

Avg volume · 30D

TCAF 137.8×the volume

TACU4.15KTCAF572K

TACU vs TCAF Performance

Dec 31, 2025 – Oct 30, 2026

+11.2%TACU+12.0%TCAF

Dec 31, 2025 to Oct 30, 2026. TACU +11.2%. TCAF +12.0%. Use the arrow keys to read each point.−10%−5%0%5%15%Dec 2025Jun 2026Oct 2026
Expense ratio
TACU 0.00%, better
TCAF 0.31%
Fund size
TACU $17M
TCAF $8.02B
1Y total return
TACU No data
TCAF +11.5%
Yield (12M)
TACU No data
TCAF 0.45%
Holdings
TACU 411
TCAF 96
Avg volume (30D)
TACU 4.15K sh
TCAF 572K sh, better
NAV per share
TACU $27.68
TCAF $42.82
52W range

ETF.net Grade

TACU: Cost 99, Risk 69, Mission 81, Tradability 49, Holdings 83, Durability 43. TCAF: Cost 82, Risk 63, Mission 82, Tradability 82, Holdings 68, Durability 80.
Pillar letters and Scores for TACU, TCAF, with each pillar’s weight
PillarTACUTCAF
Cost30% weightA99HigherA82
Mission25% weightA81A82Higher
Risk15% weightB69HigherB63
Tradability15% weightC49A82Higher
Holdings10% weightA83HigherB68
Durability5% weightC43A80Higher

Rank among US Active Equity funds

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

Same Category. TACU and TCAF are both graded against the same 121 US Active Equity funds, so their Grades compare head to head.

US Active Equity⁠

Category · 121 funds
See all 121 ›

TACU ranks 9th and TCAF 10th of 121 funds in the US Active Equity Category.

  1. Rank 8AAPUEActivePassive U.S. Equity ETFScore 78
  2. Rank 9ATACUT. Rowe Price Active Core U.S. Equity ETFScore 77
  3. Rank 10APQUSPictet AI Enhanced US Equity ETFScore 76
  4. Rank 10ATCAFT. Rowe Capital Appreciation Equity ETFScore 76
  5. Rank 12ANOEQNorthern Trust US Equity ETFScore 75

Our read on each fund

ETF.net Research

TACUAT. Rowe Price Active Core U.S. Equity ETF

TCAFAT. Rowe Capital Appreciation Equity ETF

In short

TACU T. Rowe Price's quant-plus-fundamental take on core large-cap U.S. stock, benchmarked to the Russell 1000. Gross fee 0.14%, fully waived to zero through January 30, 2027.

TCAF The all-equity expression of T. Rowe's Capital Appreciation playbook: about 100 US large caps picked bottom-up for quality and price, no bond sleeve, at a fee well under the typical active equity ETF.

Stated mandate

TACU The fund seeks long-term capital growth through a primarily U.S. equity portfolio. It combines quantitative models with fundamental, bottom-up analysis and seeks excess returns relative to the Russell 1000 Index.

TCAF The fund seeks long-term capital growth through an actively managed portfolio of equity securities.

Why people hold it

  • TACU Fee fully waived: 0.14% gross, zero net through January 30, 2027. That sits below every top-scoring peer in the category, including DFAU at 0.12% with no waiver.troweprice.com
  • Quant models feed bottom-up stock picking with tilts to profitability, quality and value, chasing excess return over the Russell 1000 while holding tracking error tight.troweprice.com
  • Several hundred large-cap names, so no single position runs the show. One of the stronger profiles in a crowded active U.S. equity field.troweprice.com
  • TCAF Costs 0.31% a year, under half the 0.65% median for its active US equity peer group.
  • Roughly 100 US large caps, narrowed by screening out poor capital allocators, overpriced names and businesses facing secular headwinds, per T. Rowe's own process notes.troweprice.com
  • A multi-billion-dollar fund and one of the busier names in the active equity crowd, which typically shows up as tight spreads at the point of trade.
  • Launched in 2023 under veteran manager David Giroux, and it stands among the strongest implementations in a crowded active US equity field.troweprice.com

Worth knowing

  • TACU Launched in December 2025, so the live record is short and the risk read rests on limited history.
  • Still a small fund that trades lightly, which can mean wider spreads than the category's giants.
  • Distributions are annual at most, with no declared income target. This is a growth mandate, not a cash-flow one.
  • TCAF About 100 names, with heavier weights in the highest-conviction picks. Results can wander well away from the broad US market in either direction.troweprice.com
  • Equity only, no bond sleeve. It rides the full swing of a large-cap selloff.troweprice.com
  • Cheap for active, not cheap outright: systematic peers like DFAU (0.12%) and AVLC (0.15%) charge less.

Full TACU profile⁠

Full TCAF profile⁠

TACU vs TCAF 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.

TACU vs TCAF Cost

Overpaying TCAF vs TACU

$6,346

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

  • TACU 0.00%

    $0

  • TCAF 0.31%

    $6,346

$10,000
30 years

Cost over time

  • TACU 0.00%
  • TCAF 0.31%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530TCAF $6,346TACU $0

Year by year

YearTACUTCAFOverpaying
10$0$563$563
20$0$2,182$2,182
30$0$6,346$6,346

Expense ratio

  • 0.00%TACU, cheaper
  • 0.31%TCAF
  • Middle half of US Active Equity funds
  • Median 0.68%

TACU cheapest of 121 funds

TCAF 22nd cheapest of 121 funds

TACU vs TCAF Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TACU No data
TCAF 0.45%
Payout (12M)
TACU None
TCAF $0.19
Last payment
TACU No data
TCAF $0.19
Ex-dividend
TACU No data
TCAF Dec 23, 2025
Paid on
TACU No data
TCAF Dec 26, 2025
Frequency
TACU No data
TCAF Annual

Distribution history

Per share, 2023 to 2026, same scale for both

TACUAll TACU payments⁠

No distribution history available.

TCAFAnnual · 3 paymentsAll TCAF payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 20, 2023 $0.07; Dec 23, 2024 $0.14; Dec 23, 2025 $0.19. Use the arrow keys to read each point.$0$0.2020232026YTD

TACU vs TCAF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TACU No dataTCAF 11.8%
Return per unit of riskSharpe ratio, 3 years
TACU No dataTCAF 1.32
Worst fallMax drawdown, 5 years
TACU No dataTCAF −16.4%since Jun 2023
Market sensitivityBeta, 5 years
TACU 0.96TCAF 0.94

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