CALY vs. FCAL

In the year-to-date period, CALY achieves a 0.89% return, which is significantly higher than FCAL's -1.35% return.

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CALY has a 0.20% expense ratio, which is lower than FCAL's 0.50% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Blackrock Short-Term California Muni Bond ETF (CALY) and First Trust California Municipal High Income ETF (FCAL). 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.

The current CALY Sharpe Ratio is 2.16, which is higher than the FCAL Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of CALY and FCAL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

CALY's dividend yield for the trailing twelve months is around 2.98%, less than FCAL's 3.15% yield.

The maximum CALY drawdown since its inception was -1.00%, smaller than the maximum FCAL drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for CALY and FCAL. For additional features, visit the drawdowns tool.

The current volatility for Blackrock Short-Term California Muni Bond ETF (CALY) is 0.50%, while First Trust California Municipal High Income ETF (FCAL) has a volatility of 2.04%. This indicates that CALY experiences smaller price fluctuations and is considered to be less risky than FCAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.