CA vs. FTOH

Last updated Jul 18, 2026

CA (Xtrackers California Municipal Bond ETF) and FTOH (Franklin Ohio Municipal Income ETF) are both exchange-traded funds - CA is a Single State Muni fund tracking the ICE AMT-Free Broad Liquid California Municipal Index, while FTOH is a Municipal Bonds fund tracking the Actively Managed. Both are passively managed. At a 0.29 correlation, their price movements are largely independent. CA charges 0.20%/yr vs 0.35%/yr for FTOH.

Performance

CA vs. FTOH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers California Municipal Bond ETF (CA) and Franklin Ohio Municipal Income ETF (FTOH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CA achieves a 1.20% return, which is significantly lower than FTOH's 2.49% return.

CA

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.51%
• YTD: 1.20%
• 1Y: 6.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTOH

• 1D: 0.06%
• 1M: 0.36%
• 6M: 2.07%
• YTD: 2.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CA vs. FTOH - Yearly Performance Comparison

	2026 (YTD)	2025
CA Xtrackers California Municipal Bond ETF	1.20%	0.32%
FTOH Franklin Ohio Municipal Income ETF	2.49%	0.08%

Correlation

The correlation between CA and FTOH is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025	0.29

Return for Risk

CA vs. FTOH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CA

CA Risk / Return Rank: 86
CA Sharpe Ratio Rank: 95
CA Sortino Ratio Rank: 95
CA Omega Ratio Rank: 97
CA Calmar Ratio Rank: 71
CA Martin Ratio Rank: 73

FTOH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CA vs. FTOH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers California Municipal Bond ETF (CA) and Franklin Ohio Municipal Income ETF (FTOH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CA	FTOH	Difference
Sharpe ratio: Return per unit of total volatility	2.87	—	—
Sortino ratio: Return per unit of downside risk	4.35	—	—
Omega ratio: Gain probability vs. loss probability	1.75	—	—
Calmar ratio: Return relative to maximum drawdown	2.66	—	—
Martin ratio: Return relative to average drawdown	9.81	—	—

Drawdowns

CA vs. FTOH - Drawdown Comparison

The maximum CA drawdown since its inception was -5.24%, which is greater than FTOH's maximum drawdown of -2.59%. Use the drawdown chart below to compare losses from any high point for CA and FTOH.

Drawdown Indicators

	CA	FTOH	Difference
Max Drawdown Largest peak-to-trough decline	-5.24%	-2.59%	-2.65%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	—	—
Current Drawdown Current decline from peak	-0.75%	-0.53%	-0.22%
Average Drawdown Average peak-to-trough decline	-1.24%	-0.50%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	—	—

Volatility

Volatility by Period

	CA	FTOH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.41%	3.46%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.89%	3.46%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.89%	3.46%	+0.43%

CA vs. FTOH - Expense Ratio Comparison

CA has a 0.20% expense ratio, which is lower than FTOH's 0.35% expense ratio.

Dividends

CA vs. FTOH - Dividend Comparison

CA's dividend yield for the trailing twelve months is around 2.69%, more than FTOH's 2.54% yield.

Position	TTM	2025	2024
CA Xtrackers California Municipal Bond ETF	2.69%	3.14%	3.03%
FTOH Franklin Ohio Municipal Income ETF	2.54%	0.56%	0.00%

Frequently Asked Questions

Can I hold both CA and FTOH in my portfolio?

CA and FTOH have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CA or FTOH?

On fees, CA is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CA or FTOH?

CA is cheaper with a 0.20% expense ratio, compared with 0.35% for FTOH.

Which ETF pays a higher dividend yield, CA or FTOH?

CA has the higher dividend yield at 2.69%, compared with 2.54% for FTOH.

What is the main difference between CA and FTOH?

CA is categorized as Single State Muni, while FTOH is Municipal Bonds. CA tracks ICE AMT-Free Broad Liquid California Municipal Index, while FTOH tracks Actively Managed. They also come from different issuers: Xtrackers and Franklin Templeton. Their fees differ too: 0.20% for CA and 0.35% for FTOH.