FCAL vs. SWNTX

In the year-to-date period, FCAL achieves a -1.57% return, which is significantly lower than SWNTX's -1.40% return.

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FCAL has a 0.50% expense ratio, which is higher than SWNTX's 0.48% expense ratio.

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.

The current FCAL Sharpe Ratio is 0.24, which is lower than the SWNTX Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of FCAL and SWNTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FCAL's dividend yield for the trailing twelve months is around 3.18%, less than SWNTX's 3.28% yield.

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.

First Trust California Municipal High Income ETF (FCAL) has a higher volatility of 0.87% compared to Schwab Tax-Free Bond Fund™ (SWNTX) at 0.54%. This indicates that FCAL's price experiences larger fluctuations and is considered to be riskier than SWNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.