American Century California Municipal Bond ETF (CATF)

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American Century California Municipal Bond ETF (CATF) is up 2.1% since the beginning of the year. CATF is currently trading at $50 per share.

American Century California Municipal Bond ETF (CATF) has returned 2.08% so far this year and 8.16% over the past 12 months.

Based on dividend-adjusted daily data since Jul 18, 2024, CATF's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.

Historically, 67% of months were positive and 33% were negative. The best month was Sep 2025 with a return of +2.5%, while the worst month was Mar 2026 at -2.2%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.

On a daily basis, CATF closed higher 54% of trading days. The best single day was Apr 14, 2025 with a return of +1.1%, while the worst single day was Apr 7, 2025 at -2.1%.

American Century California Municipal Bond ETF has an annualized alpha of 3.09%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since July 19, 2024.

• This ETF participated in 27.70% of S&P 500 Index downside but only 18.83% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.03 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

CATF has an expense ratio of 0.27%, which is considered low.

CATF ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for American Century California Municipal Bond ETF (CATF) and compare them to S&P 500 Index.

American Century California Municipal Bond ETF provided a 3.21% dividend yield over the last twelve months, with an annual payout of $1.62 per share.

The table displays the monthly dividend distributions for American Century California Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the American Century California Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the American Century California Municipal Bond ETF was 4.83%, occurring on Apr 11, 2025. Recovery took 104 trading sessions.

The current American Century California Municipal Bond ETF drawdown is 0.43%.

The chart below shows the rolling one-month volatility.