Franklin California High Yield Municipal Fund (FCAMX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FCAMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FCAMX
FCAMX charges 0.72% annually. There are 315 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | FCAMX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | FCAMX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | FCAMX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | FCAMX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | FCAMX vs FSMUX |
Best Risk-Adjusted Alternatives to FCAMX
FCAMX has a PortfoliosLab risk / return rank of 82. There are 138 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | FCAMX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | FCAMX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | FCAMX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | FCAMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | FCAMX vs TFCYX |
Top Performing FCAMX Alternatives (YTD)
FCAMX is at 2.59% YTD. There are 54 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.37% | — | Apr 1998 | FCAMX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.00% | — | Nov 2002 | FCAMX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 7.79% | — | Oct 1992 | FCAMX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 6.86% | — | Nov 2001 | FCAMX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 6.82% | — | Feb 1998 | FCAMX vs MUC |
Lowest Volatility Alternatives to FCAMX
FCAMX has 3.27% 1-year volatility. There are 408 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | FCAMX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | FCAMX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | FCAMX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | FCAMX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | FCAMX vs USMSX |
Lowest Drawdown Alternatives to FCAMX
FCAMX has a 1-year max drawdown of -2.95%. There are 308 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | FCAMX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | FCAMX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | FCAMX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | FCAMX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | FCAMX vs DFSMX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 15 | 9.52% | — | Jan 1968 | FCAMX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 35 | -9.34% | — | May 1969 | FCAMX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 82 | 5.21% | — | — | FCAMX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 21 | 6.33% | — | Apr 1948 | FCAMX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 29 | 18.34% | — | Jun 2011 | FCAMX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 28 | 6.59% | — | Jan 1987 | FCAMX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 7 | 4.15% | — | Aug 1997 | FCAMX vs SBLGX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 88 | 5.36% | — | Aug 1997 | FCAMX vs FRIAX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 4.49% | — | Oct 1983 | FCAMX vs SHRAX | |
| Templeton Institutional Fund International Equity ... | Foreign Large Cap Equities | 42 | 14.56% | — | Oct 1990 | FCAMX vs TFEQX |
Often Compared With FCAMX
Investors most often compare FCAMX with NPV, DNYMX, APUSX. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 29 | 6.52% | — | Mar 1993 | FCAMX vs NPV | |
| DFA NY Municipal Bond Portfolio | Municipal Bonds | 99 | 1.29% | — | Jun 2015 | FCAMX vs DNYMX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 19 | 1.00% | — | Dec 2017 | FCAMX vs APUSX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 71 | 6.74% | — | Mar 1998 | FCAMX vs MUJ | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 30 | 6.10% | — | Mar 1970 | FCAMX vs SHAPX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 98 | 1.02% | — | Dec 2017 | FCAMX vs FGNSX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 87 | 2.22% | — | Jun 2012 | FCAMX vs FXIEX |
Compare FCAMX with Any Fund or Stock
Compare FCAMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FCAMX with funds that move differently
Franklin California High Yield Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FCAMX.
Explore FCAMX Diversifiers