TCAFvsXLG

T. Rowe Price Capital Appreciation Equity ETF or Invesco S&P 500 Top 50 ETF, side by side from their own SEC filings. 45% of their stock holdings are the same at the same weight, across 20 stocks in both. XLG costs 0.20% a year against 0.31% for TCAF, $11 a year less on $10,000. Over the last twelve months TCAF returned +17.1% and XLG +13.5%.

45%of the two portfolios is the same stocks at the same weight
TCAF48% in stocks the other holds too
XLG72% in stocks the other holds too
stocks in bothstocks only in that fundbonds, cash and unmatched shares

The two funds

From each fund's latest N-PORT filing and its prospectus.

TCAFXLGYearly cost0.31%0.20%Net assets$7.4B$10.6BPositions9252Last 12 months+17.1%+13.5%3 years, a year+17.7%+19.8%5 years, a yearn/a+13.7%Largest holdingAMZN 5.8%NVDA 12.1%Main sectorTechnology 30%Technology 49%Holdings as ofJun 30, 2026Jul 31, 2026

Returns are total returns with dividends reinvested, from the funds’ own monthly figures; “(price)” marks a fund whose filing record is younger than a year, whose twelve months are its price change. The stronger figure in each row is set in bold. Past returns say what happened, not what will.

Growth of $100

Both funds from June 2023, the first month both report, dividends reinvested.

TCAF$166XLG$190
June 2023June 2026

What they both hold

20 stocks are in both funds: 48% of TCAF and 72% of XLG. The biggest shared positions:

Stockin TCAFin XLG
AMZN5.8%6.6%NVDA5.3%12.1%MSFT5.1%8.6%AAPL4.7%11.3%GOOGL4.4%5.2%AVGO3.1%4.6%META4.2%3.0%MU2.1%2.3%AMD2.7%1.9%JPM1.9%2.3%

Only in TCAF

Its biggest stocks the other fund does not hold.

  1. CNPCenterPoint Energy3.0%
  2. KDPKeurig Dr Pepper2.6%
  3. NINiSource2.4%
  4. TSMTaiwan Semiconductor Manufacturing Company Limited2.2%
  5. CORCencora2.0%
  6. WATWaters Corporation1.8%

Only in XLG

Its biggest stocks the other fund does not hold.

  1. BRK-BBerkshire Hathaway Inc.2.3%
  2. TSLATesla, Inc.2.2%
  3. XOMExxon Mobil Corporation1.6%
  4. JNJJohnson & Johnson1.5%
  5. WMTWalmart1.2%
  6. CSCOCisco1.1%

More comparisons

SCHG vs TCAFOEF vs TCAFMGC vs TCAFCGUS vs TCAFOEF vs XLGMGC vs XLGVOOG vs XLGSPYG vs XLG

From each fund’s Form N-PORT (TCAF: June 2026, XLG: July 2026) and prospectus, via the SEC’s public data sets. Overlap counts only the stocks we can match to a listing: stock by stock, the smaller of the two weights, added up.