FCAL vs. CALY
Compare and contrast key facts about First Trust California Municipal High Income ETF (FCAL) and Blackrock Short-Term California Muni Bond ETF (CALY).
FCAL and CALY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCAL is an actively managed fund by First Trust. It was launched on Jun 20, 2017. CALY is an actively managed fund by BlackRock. It was launched on Jul 11, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCAL or CALY.
Correlation
The correlation between FCAL and CALY is -0.40. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FCAL vs. CALY - Performance Comparison
Loading data...
Key characteristics
FCAL:
1.40%
CALY:
1.29%
FCAL:
-0.04%
CALY:
-0.18%
FCAL:
0.00%
CALY:
-0.08%
Returns By Period
FCAL
N/A
N/A
N/A
N/A
N/A
N/A
CALY
N/A
N/A
N/A
N/A
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FCAL vs. CALY - Expense Ratio Comparison
FCAL has a 0.50% expense ratio, which is higher than CALY's 0.20% expense ratio.
Risk-Adjusted Performance
FCAL vs. CALY — Risk-Adjusted Performance Rank
FCAL
CALY
FCAL vs. CALY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust California Municipal High Income ETF (FCAL) and Blackrock Short-Term California Muni Bond ETF (CALY). 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.
Loading data...
Dividends
FCAL vs. CALY - Dividend Comparison
FCAL has not paid dividends to shareholders, while CALY's dividend yield for the trailing twelve months is around 2.98%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
FCAL First Trust California Municipal High Income ETF | 0.00% | 0.00% | 0.00% |
CALY Blackrock Short-Term California Muni Bond ETF | 2.98% | 0.00% | 0.00% |
Drawdowns
FCAL vs. CALY - Drawdown Comparison
The maximum FCAL drawdown since its inception was -0.04%, smaller than the maximum CALY drawdown of -0.18%. Use the drawdown chart below to compare losses from any high point for FCAL and CALY. For additional features, visit the drawdowns tool.
Loading data...
Volatility
FCAL vs. CALY - Volatility Comparison
Loading data...