CA vs. TSCM
CA (Xtrackers California Municipal Bond ETF) and TSCM (TimesSquare Quality Mid Cap Growth ETF) are both exchange-traded funds - CA is a Municipal Bonds fund tracking the ICE AMT-Free Broad Liquid California Municipal Index - Benchmark TR Gross, while TSCM is a Mid Cap Growth Equities fund actively managed by TimesSquare Capital Management. CA is passively managed, while TSCM is actively managed. At a 0.27 correlation, their price movements are largely independent. CA charges 0.07%/yr vs 0.55%/yr for TSCM.
Performance
CA vs. TSCM - Performance Comparison
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Returns By Period
In the year-to-date period, CA achieves a 1.20% return, which is significantly lower than TSCM's 3.31% return.
CA
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 1.20%
- 6M
- 1.44%
- 1Y
- 6.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSCM
- 1D
- -0.92%
- 1M
- 5.27%
- YTD
- 3.31%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CA vs. TSCM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CA Xtrackers California Municipal Bond ETF | 1.20% | 0.02% |
TSCM TimesSquare Quality Mid Cap Growth ETF | 3.31% | -0.86% |
Correlation
The correlation between CA and TSCM is 0.27, 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 Dec 31, 2025 | 0.27 |
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Return for Risk
CA vs. TSCM — Risk / Return Rank
CA
TSCM
CA vs. TSCM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers California Municipal Bond ETF (CA) and TimesSquare Quality Mid Cap Growth ETF (TSCM). 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 | TSCM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.58 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | — | — |
| Martin ratioReturn relative to average drawdown | 9.84 | — | — |
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 | TSCM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.28 | +0.39 |
Drawdowns
CA vs. TSCM - Drawdown Comparison
The maximum CA drawdown since its inception was -5.24%, smaller than the maximum TSCM drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for CA and TSCM.
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Drawdown Indicators
| CA | TSCM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -14.87% | +9.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | — | — |
Current DrawdownCurrent decline from peak | -0.75% | -0.92% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -6.33% | +5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | — | — |
Volatility
CA vs. TSCM - Volatility Comparison
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Volatility by Period
| CA | TSCM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.64% | 21.03% | -18.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.99% | 21.03% | -17.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.99% | 21.03% | -17.04% |
CA vs. TSCM - Expense Ratio Comparison
CA has a 0.07% expense ratio, which is lower than TSCM's 0.55% expense ratio.
Dividends
CA vs. TSCM - Dividend Comparison
CA's dividend yield for the trailing twelve months is around 2.96%, while TSCM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CA Xtrackers California Municipal Bond ETF | 2.96% | 3.14% | 3.03% |
TSCM TimesSquare Quality Mid Cap Growth ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CA and TSCM have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CA is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CA is cheaper with a 0.07% expense ratio, compared with 0.55% for TSCM.
CA has the higher dividend yield at 2.96%, compared with 0.00% for TSCM.
CA is categorized as Municipal Bonds, while TSCM is Mid Cap Growth Equities. They also come from different issuers: Xtrackers and TimesSquare Capital Management. Their fees differ too: 0.07% for CA and 0.55% for TSCM.
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