FCAL vs. SWNTX
Compare and contrast key facts about First Trust California Municipal High Income ETF (FCAL) and Schwab Tax-Free Bond Fund™ (SWNTX).
FCAL is an actively managed fund by First Trust. It was launched on Jun 20, 2017. SWNTX is managed by Charles Schwab. It was launched on Sep 10, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCAL or SWNTX.
Correlation
The correlation between FCAL and SWNTX is 0.52, 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.
Performance
FCAL vs. SWNTX - Performance Comparison
Key characteristics
FCAL:
0.13
SWNTX:
0.16
FCAL:
0.20
SWNTX:
0.25
FCAL:
1.03
SWNTX:
1.04
FCAL:
0.11
SWNTX:
0.15
FCAL:
0.50
SWNTX:
0.65
FCAL:
1.37%
SWNTX:
1.21%
FCAL:
5.28%
SWNTX:
4.78%
FCAL:
-14.81%
SWNTX:
-12.60%
FCAL:
-4.59%
SWNTX:
-3.65%
Returns By Period
The year-to-date returns for both stocks are quite close, with FCAL having a -1.84% return and SWNTX slightly lower at -1.90%.
FCAL
-1.84%
-1.62%
-2.59%
0.67%
1.37%
N/A
SWNTX
-1.90%
-1.94%
-2.28%
0.79%
0.58%
1.53%
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FCAL vs. SWNTX - Expense Ratio Comparison
FCAL has a 0.50% expense ratio, which is higher than SWNTX's 0.48% expense ratio.
Risk-Adjusted Performance
FCAL vs. SWNTX — Risk-Adjusted Performance Rank
FCAL
SWNTX
FCAL vs. SWNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust California Municipal High Income ETF (FCAL) and Schwab Tax-Free Bond Fund™ (SWNTX). 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.
Dividends
FCAL vs. SWNTX - Dividend Comparison
FCAL's dividend yield for the trailing twelve months is around 3.13%, less than SWNTX's 3.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCAL First Trust California Municipal High Income ETF | 3.13% | 2.99% | 2.74% | 2.38% | 2.03% | 2.11% | 2.68% | 2.99% | 1.30% | 0.00% | 0.00% | 0.00% |
SWNTX Schwab Tax-Free Bond Fund™ | 3.58% | 3.44% | 3.07% | 2.34% | 2.04% | 2.51% | 2.59% | 2.41% | 2.21% | 3.14% | 2.71% | 3.29% |
Drawdowns
FCAL vs. SWNTX - Drawdown Comparison
The maximum FCAL drawdown since its inception was -14.81%, which is greater than SWNTX's maximum drawdown of -12.60%. Use the drawdown chart below to compare losses from any high point for FCAL and SWNTX. For additional features, visit the drawdowns tool.
Volatility
FCAL vs. SWNTX - Volatility Comparison
First Trust California Municipal High Income ETF (FCAL) and Schwab Tax-Free Bond Fund™ (SWNTX) have volatilities of 3.58% and 3.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.