FTCA vs. EZBC
FTCA (Franklin California Municipal Income ETF) and EZBC (Franklin Bitcoin ETF) are both exchange-traded funds - FTCA is a Municipal Bonds fund actively managed by Franklin Templeton, while EZBC is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. FTCA is actively managed, while EZBC is passively managed. At a 0.13 correlation, their price movements are largely independent. FTCA charges 0.35%/yr vs 0.19%/yr for EZBC.
Performance
FTCA vs. EZBC - Performance Comparison
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Returns By Period
In the year-to-date period, FTCA achieves a 2.32% return, which is significantly higher than EZBC's -31.15% return.
FTCA
- 1D
- -0.14%
- 1M
- 0.72%
- YTD
- 2.32%
- 6M
- 2.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZBC
- 1D
- -5.09%
- 1M
- -26.01%
- YTD
- -31.15%
- 6M
- -32.61%
- 1Y
- -40.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTCA vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTCA Franklin California Municipal Income ETF | 2.32% | 0.06% |
EZBC Franklin Bitcoin ETF | -31.15% | -23.99% |
Correlation
The correlation between FTCA and EZBC is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025 | 0.13 |
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Return for Risk
FTCA vs. EZBC — Risk / Return Rank
FTCA
EZBC
FTCA vs. EZBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin California Municipal Income ETF (FTCA) and Franklin Bitcoin ETF (EZBC). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FTCA | EZBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.22 | +0.92 |
Drawdowns
FTCA vs. EZBC - Drawdown Comparison
The maximum FTCA drawdown since its inception was -2.92%, smaller than the maximum EZBC drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for FTCA and EZBC.
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Drawdown Indicators
| FTCA | EZBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.92% | -52.07% | +49.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.07% | — |
Current DrawdownCurrent decline from peak | -0.14% | -52.07% | +51.93% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -16.13% | +15.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.78% | — |
Volatility
FTCA vs. EZBC - Volatility Comparison
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Volatility by Period
| FTCA | EZBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 43.97% | -40.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.48% | 50.12% | -46.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 50.12% | -46.64% |
FTCA vs. EZBC - Expense Ratio Comparison
FTCA has a 0.35% expense ratio, which is higher than EZBC's 0.19% expense ratio.
Dividends
FTCA vs. EZBC - Dividend Comparison
FTCA's dividend yield for the trailing twelve months is around 2.34%, while EZBC has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
EZBC Franklin Bitcoin ETF | 0.00% | 0.00% |
FTCA Franklin California Municipal Income ETF | 2.34% | 0.74% |
Frequently Asked Questions
FTCA and EZBC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EZBC is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EZBC is cheaper with a 0.19% expense ratio, compared with 0.35% for FTCA.
FTCA has the higher dividend yield at 2.34%, compared with 0.00% for EZBC.
FTCA is categorized as Municipal Bonds, while EZBC is Cryptocurrency. Their fees differ too: 0.35% for FTCA and 0.19% for EZBC.
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