TCAL vs PIO
Comparison between T. ROWE PRICE CAPITAL APPRECIATION PREMIUM INCOME ETF (TCAL, ETF) and INVESCO GLOBAL WATER ETF (PIO, ETF).
TCAL vs PIO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
TCAL
$276M
PIO
$275M
Expense Ratio
Winner
TCAL
0.34%
PIO
0.75%
Max Drawdown
Winner
TCAL
13.74%
PIO
65.37%
Sharpe Ratio
Winner
TCAL
-0.17
PIO
-0.28
5Y Beta
Winner
TCAL
0.31
PIO
0.75
P/E Ratio
TCAL
27.15
Winner
PIO
25.74
Forward P/E
TCAL
21.35
Winner
PIO
19.75
PEG Ratio
Winner
TCAL
0.93
PIO
1.59
5Y Dividends CAGR
TCAL
N/A
PIO
10.89%
Debt to Equity
TCAL
N/A
PIO
42.47%
P/S Ratio
Winner
TCAL
3.04
PIO
3.28
P/B Ratio
TCAL
5.04
Winner
PIO
3.32
TCAL vs PIO - Holdings Comparison
TCAL and PIO have 3 common holdings. Overlap is 3.74%
TCAL's top 25 holdings weight is 37.08%. PIO's top 25 holdings weight is 92.62%.
| Rank | TCAL | PIO |
|---|---|---|
| #1 | DANAHER CORP (DHR) - 2.10% | ROPER TECHNOLOGIES INC (ROP) - 8.56% |
| #2 | WATERS CORP (WAT) - 1.96% | ECOLAB INC (ECL) - 8.35% |
| #3 | VERALTO CORP (VLTO) - 1.91% | PENTAIR PLC (PNR) - 8.24% |
| #4 | WASTE CONNECTIONS INC (WCN) - 1.83% | COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO (n/a) - 7.04% |
| #5 | VISA INC CLASS A (V) - 1.74% | EBARA CORP (n/a) - 7.03% |
| #6 | MCDONALD'S CORP (MCD) - 1.66% | VEOLIA ENVIRONNEMENT SA (n/a) - 4.03% |
| #7 | AMAZON.COM INC (AMZN) - 1.63% | FERGUSON ENTERPRISES INC (FERG) - 3.89% |
| #8 | YUM BRANDS INC (YUM) - 1.63% | IDEXX LABORATORIES INC (IDXX) - 3.88% |
| #9 | LINDE PLC (LIN) - 1.61% | WATERS CORP (WAT) - 3.85% |
| #10 | LOCKHEED MARTIN CORP (LMT) - 1.61% | GEBERIT AG (n/a) - 3.82% |
| #11 | NORTHROP GRUMMAN CORP (NOC) - 1.60% | COMPANIA DE SANEAMENTO DE MINAS GERAIS COPASA MG (n/a) - 3.71% |
| #12 | MICROSOFT CORP (MSFT) - 1.58% | XYLEM INC (XYL) - 2.97% |
| #13 | THERMO FISHER SCIENTIFIC INC (TMO) - 1.58% | AMERICAN WATER WORKS CO INC (AWK) - 2.80% |
| #14 | MASTERCARD INC CLASS A (MA) - 1.56% | AGILENT TECHNOLOGIES INC (A) - 2.75% |
| #15 | GILEAD SCIENCES INC (GILD) - 1.53% | HALMA PLC (n/a) - 2.35% |
| #16 | STRYKER CORP (SYK) - 1.50% | STANTEC INC (STN) - 2.31% |
| #17 | WASTE MANAGEMENT INC (WM) - 1.49% | UNITED UTILITIES GROUP PLC CLASS A (n/a) - 2.19% |
| #18 | REPUBLIC SERVICES INC (RSG) - 1.49% | VERALTO CORP (VLTO) - 2.17% |
| #19 | SERVICE CORP INTERNATIONAL (SCI) - 1.46% | GEA GROUP AG (n/a) - 1.96% |
| #20 | TELEDYNE TECHNOLOGIES INC (TDY) - 1.45% | KURITA WATER INDUSTRIES LTD (n/a) - 1.93% |
| #21 | JOHNSON & JOHNSON (JNJ) - 0.84% | BELIMO HOLDING AG (n/a) - 1.92% |
| #22 | DUKE ENERGY CORP (DUK) - 0.84% | SEVERN TRENT PLC (n/a) - 1.85% |
| #23 | CINTAS CORP (CTAS) - 0.83% | ORGANO CORP (n/a) - 1.75% |
| #24 | AUTOMATIC DATA PROCESSING INC (ADP) - 0.83% | IDEX CORP (IEX) - 1.70% |
| #25 | DOORDASH INC ORDINARY SHARES CLASS A (DASH) - 0.82% | COWAY (n/a) - 1.57% |
| Total Holdings | 263 | 51 |
TCAL vs PIO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TCAL
+3.19%
PIO
-0.24%
3M
Winner
TCAL
+1.84%
PIO
-4.62%
6M
Winner
TCAL
-0.44%
PIO
-6.49%
1Y
Winner
TCAL
+1.56%
PIO
-2.02%
5Y(CAGR)
TCAL
N/A
PIO
+2.25%
10Y(CAGR)
TCAL
N/A
PIO
+8.42%
Max(CAGR)
TCAL
+2.36%
Winner
PIO
+4.34%
TCAL vs PIO - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | TCAL | PIO |
|---|---|---|
| 2026 | +1.21% | -0.83% |
| 2025 | +1.60% | +14.88% |
| 2024 | N/A | +0.77% |
| 2023 | N/A | +21.34% |
| 2022 | N/A | -23.40% |
| 2021 | N/A | +26.12% |
| 2020 | N/A | +13.96% |
| 2019 | N/A | +35.07% |
| 2018 | N/A | -9.66% |
| 2017 | N/A | +26.39% |
| 2016 | N/A | +1.84% |
| 2015 | N/A | -7.16% |
| 2014 | N/A | +2.10% |
| 2013 | N/A | +28.16% |
| 2012 | N/A | +14.11% |
| 2011 | N/A | -21.57% |
| 2010 | N/A | +9.36% |
| 2009 | N/A | +36.58% |
| 2008 | N/A | -44.55% |
| 2007 | N/A | +0.08% |
TCAL vs PIO Drawdown Comparison
The maximum drawdown for TCAL was -7.24%, occurring on Apr 8, 2025. Recovery took 49 trading sessions.
The maximum drawdown for PIO was -64.88%, occurring on Mar 9, 2009. Recovery took 1661 trading sessions.
The current TCAL drawdown is -2.13%. The current PIO drawdown is -9.28%.
| Rank | TCAL | PIO |
|---|---|---|
| #1 | -7.24% Apr 2, 2025 - Jun 12, 2025 | -64.88% Oct 31, 2007 - Jun 9, 2014 |
| #2 | -7.00% Feb 27, 2026 - Jul 16, 2026 | -35.76% Feb 19, 2020 - Sep 2, 2020 |
| #3 | -3.81% Oct 20, 2025 - Feb 6, 2026 | -34.27% Dec 29, 2021 - Mar 28, 2024 |
| #4 | -2.66% Jul 20, 2026 - Jul 21, 2026 | -26.33% May 21, 2015 - Sep 8, 2017 |
| #5 | -2.63% Aug 20, 2025 - Oct 20, 2025 | -17.09% May 15, 2024 - May 15, 2025 |
| #6 | -2.42% Feb 6, 2026 - Feb 27, 2026 | -16.95% Jan 22, 2018 - Mar 13, 2019 |
| #7 | -1.97% Jun 12, 2025 - Jun 30, 2025 | -16.14% Jul 13, 2007 - Oct 29, 2007 |
| #8 | -1.31% Jul 16, 2026 - Jul 20, 2026 | -13.88% Jun 20, 2014 - May 14, 2015 |
| #9 | -1.24% Jul 25, 2025 - Aug 13, 2025 | -13.15% Feb 26, 2026 - Mar 27, 2026 |
| #10 | -0.89% Jul 10, 2025 - Jul 22, 2025 | -9.89% Sep 2, 2021 - Dec 29, 2021 |
| #11 | -0.58% Jul 1, 2025 - Jul 10, 2025 | -7.14% Mar 28, 2024 - May 15, 2024 |
| #12 | -0.48% Aug 13, 2025 - Aug 19, 2025 | -6.54% Jan 8, 2021 - Apr 1, 2021 |
| #13 | -0.46% Mar 27, 2025 - Mar 31, 2025 | -6.20% Oct 24, 2025 - Jan 15, 2026 |
| #14 | -0.04% Mar 31, 2025 - Apr 2, 2025 | -5.98% May 3, 2019 - Jun 20, 2019 |
| #15 | N/A | -5.80% Oct 12, 2020 - Nov 5, 2020 |
Correlation
Correlation between TCAL and PIO is 0.67 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.67
-101
Dividend Comparison (2008 - 2026)
TCAL vs PIO dividend yield comparison.
| Year | TCAL | PIO |
|---|---|---|
| 2026 | 6.32% | 0.80% |
| 2025 | 8.34% | 1.04% |
| 2024 | 0.00% | 0.78% |
| 2023 | 0.00% | 0.84% |
| 2022 | 0.00% | 1.02% |
| 2021 | 0.00% | 1.19% |
| 2020 | 0.00% | 0.88% |
| 2019 | 0.00% | 1.20% |
| 2018 | 0.00% | 2.00% |
| 2017 | 0.00% | 1.00% |
| 2016 | 0.00% | 1.45% |
| 2015 | 0.00% | 1.63% |
| 2014 | 0.00% | 1.42% |
| 2013 | 0.00% | 1.50% |
| 2012 | 0.00% | 1.82% |
| 2011 | 0.00% | 1.63% |
| 2010 | 0.00% | 0.87% |
| 2009 | 0.00% | 1.27% |
| 2008 | 0.00% | 1.38% |
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