CA vs. TAXE
Compare and contrast key facts about Xtrackers California Municipal Bond ETF (CA) and T. Rowe Price Intermediate Municipal Income ETF (TAXE).
CA and TAXE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CA is a passively managed fund by Xtrackers that tracks the performance of the ICE AMT-Free Broad Liquid California Municipal Index - Benchmark TR Gross. It was launched on Dec 13, 2023. TAXE is an actively managed fund by T. Rowe Price. It was launched on Jul 9, 2024.
Performance
CA vs. TAXE - Performance Comparison
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CA vs. TAXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CA Xtrackers California Municipal Bond ETF | 0.04% | 3.05% | 1.29% |
TAXE T. Rowe Price Intermediate Municipal Income ETF | 0.32% | 5.78% | 1.55% |
Returns By Period
In the year-to-date period, CA achieves a 0.04% return, which is significantly lower than TAXE's 0.32% return.
CA
- 1D
- 0.11%
- 1M
- -1.69%
- YTD
- 0.04%
- 6M
- 1.33%
- 1Y
- 3.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TAXE
- 1D
- 0.15%
- 1M
- -1.77%
- YTD
- 0.32%
- 6M
- 1.98%
- 1Y
- 5.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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CA vs. TAXE - Expense Ratio Comparison
CA has a 0.07% expense ratio, which is lower than TAXE's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
CA vs. TAXE — Risk / Return Rank
CA
TAXE
CA vs. TAXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers California Municipal Bond ETF (CA) and T. Rowe Price Intermediate Municipal Income ETF (TAXE). 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.
| CA | TAXE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.68 | -0.83 |
Sortino ratioReturn per unit of downside risk | 1.11 | 2.12 | -1.01 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.41 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.89 | -0.80 |
Martin ratioReturn relative to average drawdown | 3.10 | 6.74 | -3.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CA | TAXE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.68 | -0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.38 | -0.80 |
Correlation
The correlation between CA and TAXE is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CA vs. TAXE - Dividend Comparison
CA's dividend yield for the trailing twelve months is around 3.23%, less than TAXE's 3.50% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
CA Xtrackers California Municipal Bond ETF | 3.23% | 3.14% | 3.03% |
TAXE T. Rowe Price Intermediate Municipal Income ETF | 3.50% | 3.46% | 1.74% |
Drawdowns
CA vs. TAXE - Drawdown Comparison
The maximum CA drawdown since its inception was -5.24%, which is greater than TAXE's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for CA and TAXE.
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Drawdown Indicators
| CA | TAXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -3.72% | -1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -3.05% | -0.62% |
Current DrawdownCurrent decline from peak | -1.88% | -2.01% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -0.66% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.86% | +0.43% |
Volatility
CA vs. TAXE - Volatility Comparison
Xtrackers California Municipal Bond ETF (CA) has a higher volatility of 1.27% compared to T. Rowe Price Intermediate Municipal Income ETF (TAXE) at 0.99%. This indicates that CA's price experiences larger fluctuations and is considered to be riskier than TAXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CA | TAXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 0.99% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.77% | 1.50% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 3.25% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.09% | 3.23% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 3.23% | +0.86% |