Franklin California Municipal Income ETF (FTCA) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FTCA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FTCA
FTCA charges 0.35% annually. There are 100 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 3.92B | Oct 2022 | FTCA vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | FTCA vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | FTCA vs FMUN | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.89M | Aug 2025 | FTCA vs TAXT | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 153.73M | Aug 2025 | FTCA vs TAXI |
Best Risk-Adjusted Alternatives to FTCA
Among 107 ETFs in the Municipal Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 98 | 9.88M | Sep 2024 | FTCA vs MYMG | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 246.08M | Nov 2018 | FTCA vs FUMB | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | FTCA vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.39B | Mar 2015 | FTCA vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 96 | 38.99M | Jul 2024 | FTCA vs GUMI |
Top Performing FTCA Alternatives (YTD)
FTCA is at 3.15% YTD. There are 13 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.48% | 142.76M | Jun 2013 | FTCA vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 4.02% | 19.03M | Sep 2016 | FTCA vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.94% | 25.43M | Nov 2025 | FTCA vs THYM | |
| Rareview Tax Advantaged Income ETF | 3.89% | 18.13M | Oct 2020 | FTCA vs RTAI | |
| NYLI MacKay Muni Allocation ETF | 3.81% | 27.55M | Dec 2025 | FTCA vs MMMA |
Lowest Volatility Alternatives to FTCA
FTCA has 3.40% 1-year volatility. There are 104 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 30.59M | Sep 2025 | FTCA vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | FTCA vs MYMF | |
| Allspring Ultra Short Municipal ETF | 0.74% | 30.06M | Jul 2025 | FTCA vs AUSM | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | FTCA vs CALI | |
| First Trust Ultra Short Duration Municipal ETF | 0.78% | 246.08M | Nov 2018 | FTCA vs FUMB |
Lowest Drawdown Alternatives to FTCA
Among 107 ETFs in the Municipal Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 246.08M | Nov 2018 | FTCA vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | FTCA vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | FTCA vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | FTCA vs MYMG | |
| State Street My2026 Municipal Bond ETF | -0.38% | 8.74M | Sep 2024 | FTCA vs MYMF |
Other ETFs from Franklin Templeton
The 10 most viewed Franklin Templeton ETFs shown here include LVHI, FLIN, FLKR and span 9 categories. AUM among these funds goes as high as $5B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin International Low Volatility High Dividen... | Volatility Hedged Equity, Dividend | 95 | 12.56% | 4.99B | Jul 2016 | FTCA vs LVHI | |
| Franklin FTSE India ETF | Asia Pacific Equities | 5 | -7.84% | 2.55B | Feb 2018 | FTCA vs FLIN | |
| Franklin FTSE South Korea ETF | Asia Pacific Equities | 94 | 109.27% | 1.16B | Nov 2017 | FTCA vs FLKR | |
| Franklin U.S. Low Volatility High Dividend Index E... | Dividend | 55 | 11.74% | 588.56M | Dec 2015 | FTCA vs LVHD | |
| Franklin International Core Dividend Tilt Index ET... | Foreign Large Cap Equities, Dividend | 60 | 11.46% | 2.60B | Jun 2016 | FTCA vs DIVI | |
| Putnam BDC Income ETF | Financials Equities | 4 | -11.79% | 272.46M | Sep 2022 | FTCA vs PBDC | |
| Franklin FTSE Japan ETF | Japan Equities | 60 | 16.02% | 3.93B | Nov 2017 | FTCA vs FLJP | |
| Franklin Responsibly Sourced Gold ETF | Gold, Precious Metals | 21 | -6.86% | 437.03M | Jun 2022 | FTCA vs FGDL | |
| Franklin FTSE China ETF | China Equities | 7 | -14.03% | 264.76M | Nov 2017 | FTCA vs FLCH | |
| Franklin FTSE Japan Hedged ETF | Japan Equities | 88 | 21.36% | 171.61M | Nov 2017 | FTCA vs FLJH |
Often Compared With FTCA
Investors most often compare FTCA with EZBC, TAXS, HYMB. These 7 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin Bitcoin ETF | Cryptocurrency | 2 | -32.39% | 358.90M | Jan 2024 | FTCA vs EZBC | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | Municipal Bonds, Short-Term Bond | — | 1.10% | 116.60M | Aug 2025 | FTCA vs TAXS | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | Municipal Bonds | 65 | 3.69% | 2.99B | Apr 2011 | FTCA vs HYMB | |
| Invesco BulletShares 2027 Municipal Bond ETF | Municipal Bonds | 94 | 1.16% | 342.74M | Sep 2019 | FTCA vs BSMR | |
| Overlay Shares Municipal Bond ETF | Municipal Bonds | 87 | 3.79% | 30.60M | Sep 2019 | FTCA vs OVM | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | Municipal Bonds | 90 | 1.05% | 587.10M | Apr 2019 | FTCA vs IBMO | |
| X-Square Municipal Income Tax Free ETF | Municipal Bonds | 14 | 1.66% | 4.54M | May 2023 | FTCA vs ZTAX |
Compare FTCA with Any Fund or Stock
Compare FTCA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FTCA with funds that move differently
Franklin California Municipal Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FTCA.
Explore FTCA Diversifiers