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
TCAL
$280M
Winner
PIO
$281M
Expense Ratio
Winner
TCAL
0.34%
PIO
0.75%
Max Drawdown
Winner
TCAL
13.74%
PIO
65.37%
Sharpe Ratio
TCAL
-0.38
Winner
PIO
-0.06
5Y Beta
Winner
TCAL
0.34
PIO
0.75
P/E Ratio
TCAL
27.99
PIO
N/A
Forward P/E
TCAL
21.13
PIO
N/A
PEG Ratio
TCAL
1.01
PIO
N/A
5Y Dividends CAGR
TCAL
N/A
PIO
10.03%
Debt to Equity
TCAL
-22.03%
PIO
N/A
P/S Ratio
TCAL
2.62
PIO
N/A
P/B Ratio
TCAL
5.04
PIO
N/A
TCAL vs PIO - Holdings Comparison
TCAL and PIO have 3 common holdings. Overlap is 3.34%
TCAL's top 25 holdings weight is 36.50%. PIO's top 25 holdings weight is 94.19%.
| Rank | TCAL | PIO |
|---|---|---|
| #1 | DANAHER CORP (DHR) - 1.82% | EBARA CORP (n/a) - 8.83% |
| #2 | WATERS CORP (WAT) - 1.81% | COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO (n/a) - 8.24% |
| #3 | AMETEK INC (AME) - 1.81% | ROPER TECHNOLOGIES INC (ROP) - 7.99% |
| #4 | MCDONALD'S CORP (MCD) - 1.70% | ECOLAB INC (ECL) - 7.20% |
| #5 | WASTE CONNECTIONS INC (WCN) - 1.68% | PENTAIR PLC (PNR) - 6.47% |
| #6 | AMAZON.COM INC (AMZN) - 1.68% | WATERS CORP (WAT) - 4.63% |
| #7 | LINDE PLC (LIN) - 1.66% | VEOLIA ENVIRONNEMENT SA (n/a) - 4.22% |
| #8 | VISA INC CLASS A (V) - 1.66% | FERGUSON ENTERPRISES INC (FERG) - 3.80% |
| #9 | MICROSOFT CORP (MSFT) - 1.62% | HALMA PLC (n/a) - 3.68% |
| #10 | VERALTO CORP (VLTO) - 1.60% | AMERICAN WATER WORKS CO INC (AWK) - 3.47% |
| #11 | GILEAD SCIENCES INC (GILD) - 1.58% | STANTEC INC (n/a) - 3.42% |
| #12 | CHURCH & DWIGHT CO INC (CHD) - 1.56% | GEBERIT AG (n/a) - 3.34% |
| #13 | YUM BRANDS INC (YUM) - 1.53% | XYLEM INC (XYL) - 3.05% |
| #14 | CISCO SYSTEMS INC (CSCO) - 1.52% | COWAY (n/a) - 3.02% |
| #15 | STRYKER CORP (SYK) - 1.51% | VERALTO CORP (VLTO) - 2.72% |
| #16 | PROCTER & GAMBLE CO (PG) - 1.50% | ORGANO CORP (n/a) - 2.62% |
| #17 | MOTOROLA SOLUTIONS INC (MSI) - 1.48% | IDEX CORP (IEX) - 2.37% |
| #18 | MASTERCARD INC CLASS A (MA) - 1.47% | BELIMO HOLDING AG (n/a) - 2.37% |
| #19 | PEPSICO INC (PEP) - 1.47% | KURITA WATER INDUSTRIES LTD (n/a) - 2.25% |
| #20 | TELEDYNE TECHNOLOGIES INC (TDY) - 1.46% | AECOM (ACM) - 1.93% |
| #21 | COCA-COLA CO (KO) - 0.90% | UNITED UTILITIES GROUP PLC CLASS A (n/a) - 1.91% |
| #22 | STERIS PLC (STE) - 0.89% | SEVERN TRENT PLC (n/a) - 1.88% |
| #23 | DUKE ENERGY CORP (DUK) - 0.87% | CORE & MAIN INC CLASS A (CNM) - 1.84% |
| #24 | CYTOKINETICS INC (CYTK) - 0.86% | GEORG FISCHER AG (n/a) - 1.52% |
| #25 | HONEYWELL INTERNATIONAL INC (HON) - 0.86% | ARCADIS NV (n/a) - 1.42% |
| Total Holdings | 155 | 46 |
TCAL vs PIO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TCAL
-0.12%
PIO
-4.86%
3M
Winner
TCAL
-3.34%
PIO
-4.47%
6M
Winner
TCAL
-1.27%
PIO
-1.88%
1Y
TCAL
+0.09%
Winner
PIO
+1.70%
5Y(CAGR)
TCAL
N/A
PIO
+3.00%
10Y(CAGR)
TCAL
N/A
PIO
+8.32%
Max(CAGR)
TCAL
-0.16%
Winner
PIO
+4.33%
TCAL vs PIO - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | TCAL | PIO |
|---|---|---|
| 2026 | -2.06% | -1.71% |
| 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 -4.84%. The current PIO drawdown is -10.08%.
| 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 - Mar 27, 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 | -2.63% Aug 20, 2025 - Oct 20, 2025 | -26.33% May 21, 2015 - Sep 8, 2017 |
| #5 | -2.42% Feb 6, 2026 - Feb 27, 2026 | -17.09% May 15, 2024 - May 15, 2025 |
| #6 | -1.97% Jun 12, 2025 - Jun 30, 2025 | -16.95% Jan 22, 2018 - Mar 13, 2019 |
| #7 | -1.24% Jul 25, 2025 - Aug 13, 2025 | -16.14% Jul 13, 2007 - Oct 29, 2007 |
| #8 | -0.89% Jul 10, 2025 - Jul 22, 2025 | -13.88% Jun 20, 2014 - May 14, 2015 |
| #9 | -0.58% Jul 1, 2025 - Jul 10, 2025 | -13.15% Feb 26, 2026 - Mar 27, 2026 |
| #10 | -0.48% Aug 13, 2025 - Aug 19, 2025 | -9.89% Sep 2, 2021 - Dec 29, 2021 |
| #11 | -0.46% Mar 27, 2025 - Mar 31, 2025 | -7.14% Mar 28, 2024 - May 15, 2024 |
| #12 | -0.04% Mar 31, 2025 - Apr 2, 2025 | -6.54% Jan 8, 2021 - Apr 1, 2021 |
| #13 | N/A | -6.20% Oct 24, 2025 - Jan 15, 2026 |
| #14 | N/A | -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 0.70 which considered as a strong positive correlation - the stocks tend to move together.
0.70
-101
Dividend Comparison (2008 - 2026)
TCAL vs PIO dividend yield comparison.
| Year | TCAL | PIO |
|---|---|---|
| 2026 | 4.79% | 0.10% |
| 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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