CA vs. UPGR
CA (Xtrackers California Municipal Bond ETF) and UPGR (Xtrackers US Green Infrastructure Select Equity 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 UPGR is a Energy Equities fund tracking the Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross. Both are passively managed. Over the past year, CA returned 6.67% vs 71.38% for UPGR. At a 0.15 correlation, their price movements are largely independent. CA charges 0.07%/yr vs 0.35%/yr for UPGR.
Performance
CA vs. UPGR - 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 UPGR's 22.11% return.
CA
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 1.20%
- 6M
- 1.44%
- 1Y
- 6.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UPGR
- 1D
- -2.52%
- 1M
- 12.74%
- YTD
- 22.11%
- 6M
- 20.09%
- 1Y
- 71.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CA vs. UPGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CA Xtrackers California Municipal Bond ETF | 1.20% | 3.05% | 1.51% | 0.79% |
UPGR Xtrackers US Green Infrastructure Select Equity ETF | 22.11% | 35.25% | -14.72% | 0.51% |
Correlation
The correlation between CA and UPGR is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023 | 0.15 |
The correlation between CA and UPGR shifts across timeframes, from 0.04 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CA vs. UPGR — Risk / Return Rank
CA
UPGR
CA vs. UPGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers California Municipal Bond ETF (CA) and Xtrackers US Green Infrastructure Select Equity ETF (UPGR). 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 | UPGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.36 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 4.34 | -1.73 |
| Martin ratioReturn relative to average drawdown | 9.84 | 10.65 | -0.81 |
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 | UPGR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.37 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.21 | +0.47 |
Drawdowns
CA vs. UPGR - Drawdown Comparison
The maximum CA drawdown since its inception was -5.24%, smaller than the maximum UPGR drawdown of -46.60%. Use the drawdown chart below to compare losses from any high point for CA and UPGR.
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Drawdown Indicators
| CA | UPGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -46.60% | +41.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -16.55% | +13.98% |
Current DrawdownCurrent decline from peak | -0.75% | -2.52% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -20.53% | +19.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 6.73% | -6.05% |
Volatility
CA vs. UPGR - Volatility Comparison
The current volatility for Xtrackers California Municipal Bond ETF (CA) is 0.31%, while Xtrackers US Green Infrastructure Select Equity ETF (UPGR) has a volatility of 10.90%. This indicates that CA experiences smaller price fluctuations and is considered to be less risky than UPGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CA | UPGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 10.90% | -10.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 20.37% | -18.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.64% | 30.33% | -27.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.99% | 30.51% | -26.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.99% | 30.51% | -26.52% |
CA vs. UPGR - Expense Ratio Comparison
CA has a 0.07% expense ratio, which is lower than UPGR's 0.35% expense ratio.
Dividends
CA vs. UPGR - Dividend Comparison
CA's dividend yield for the trailing twelve months is around 2.96%, more than UPGR's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CA Xtrackers California Municipal Bond ETF | 2.96% | 3.14% | 3.03% | 0.00% |
UPGR Xtrackers US Green Infrastructure Select Equity ETF | 0.27% | 0.39% | 1.16% | 0.32% |
Frequently Asked Questions
CA and UPGR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPGR has higher volatility (10.90%) compared to CA (0.31%). In terms of maximum drawdown, CA dropped -5.24% vs UPGR's -46.60%.
On 1-year performance, UPGR leads with 71.38% vs 6.67% for CA. On fees, CA is cheaper at 0.07% per year. On volatility, CA has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UPGR has performed better with a 71.38% return vs 6.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CA is cheaper with a 0.07% expense ratio, compared with 0.35% for UPGR.
CA has the higher dividend yield at 2.96%, compared with 0.27% for UPGR.
CA is categorized as Municipal Bonds, while UPGR is Energy Equities. CA tracks ICE AMT-Free Broad Liquid California Municipal Index - Benchmark TR Gross, while UPGR tracks Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross. Their fees differ too: 0.07% for CA and 0.35% for UPGR.
CA currently has the higher Sharpe Ratio (2.54 vs 2.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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