UPGR vs. CA
UPGR (Xtrackers US Green Infrastructure Select Equity ETF) and CA (Xtrackers California Municipal Bond ETF) are both exchange-traded funds - UPGR is a Energy Equities fund tracking the Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross, while CA is a Municipal Bonds fund tracking the ICE AMT-Free Broad Liquid California Municipal Index - Benchmark TR Gross. Both are passively managed. Over the past year, UPGR returned 71.38% vs 6.67% for CA. At a 0.15 correlation, their price movements are largely independent. UPGR charges 0.35%/yr vs 0.07%/yr for CA.
Performance
UPGR vs. CA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UPGR achieves a 22.11% return, which is significantly higher than CA's 1.20% return.
UPGR
- 1D
- -2.52%
- 1M
- 12.74%
- YTD
- 22.11%
- 6M
- 20.09%
- 1Y
- 71.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CA
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 1.20%
- 6M
- 1.44%
- 1Y
- 6.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UPGR vs. CA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UPGR Xtrackers US Green Infrastructure Select Equity ETF | 22.11% | 35.25% | -14.72% | 0.51% |
CA Xtrackers California Municipal Bond ETF | 1.20% | 3.05% | 1.51% | 0.79% |
Correlation
The correlation between UPGR and CA is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023 | 0.15 |
The correlation between UPGR and CA shifts across timeframes, from 0.04 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UPGR vs. CA — Risk / Return Rank
UPGR
CA
UPGR vs. CA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Xtrackers California Municipal Bond ETF (CA). 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.
| UPGR | CA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.58 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.34 | 2.61 | +1.73 |
| Martin ratioReturn relative to average drawdown | 10.65 | 9.84 | +0.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UPGR | CA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.54 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.67 | -0.47 |
Drawdowns
UPGR vs. CA - Drawdown Comparison
The maximum UPGR drawdown since its inception was -46.60%, which is greater than CA's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for UPGR and CA.
Loading charts...
Drawdown Indicators
| UPGR | CA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.60% | -5.24% | -41.36% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -2.57% | -13.98% |
Current DrawdownCurrent decline from peak | -2.52% | -0.75% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -20.53% | -1.27% | -19.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | 0.68% | +6.05% |
Volatility
UPGR vs. CA - Volatility Comparison
Xtrackers US Green Infrastructure Select Equity ETF (UPGR) has a higher volatility of 10.90% compared to Xtrackers California Municipal Bond ETF (CA) at 0.31%. This indicates that UPGR's price experiences larger fluctuations and is considered to be riskier than CA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UPGR | CA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.90% | 0.31% | +10.59% |
Volatility (6M)Calculated over the trailing 6-month period | 20.37% | 1.83% | +18.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.33% | 2.64% | +27.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.51% | 3.99% | +26.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.51% | 3.99% | +26.52% |
UPGR vs. CA - Expense Ratio Comparison
UPGR has a 0.35% expense ratio, which is higher than CA's 0.07% expense ratio.
Dividends
UPGR vs. CA - Dividend Comparison
UPGR's dividend yield for the trailing twelve months is around 0.27%, less than CA's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CA Xtrackers California Municipal Bond ETF | 2.96% | 3.14% | 3.03% | 0.00% |
UPGR Xtrackers US Green Infrastructure Select Equity ETF | 0.27% | 0.39% | 1.16% | 0.32% |
Frequently Asked Questions
UPGR and CA have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPGR has higher volatility (10.90%) compared to CA (0.31%). In terms of maximum drawdown, UPGR dropped -46.60% vs CA's -5.24%.
On 1-year performance, UPGR leads with 71.38% vs 6.67% for CA. On fees, CA is cheaper at 0.07% per year. On volatility, CA has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UPGR has performed better with a 71.38% return vs 6.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CA is cheaper with a 0.07% expense ratio, compared with 0.35% for UPGR.
CA has the higher dividend yield at 2.96%, compared with 0.27% for UPGR.
UPGR is categorized as Energy Equities, while CA is Municipal Bonds. UPGR tracks Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross, while CA tracks ICE AMT-Free Broad Liquid California Municipal Index - Benchmark TR Gross. Their fees differ too: 0.35% for UPGR and 0.07% for CA.
CA currently has the higher Sharpe Ratio (2.54 vs 2.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for UPGR and CA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer