DFCA vs VMO

Comparison between DIMENSIONAL CALIFORNIA MUNICIPAL BOND ETF (DFCA, ETF) and Invesco Municipal Opportunity Trust (VMO, ETF).

DFCA vs VMO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DFCA(ETF)	VMO(ETF)
Net Assets	$678M	$673M
Expense Ratio	0.19%	N/A
Max Drawdown	4.35%	59.97%
Sharpe Ratio	0.75	1.17
5Y Beta	0.02	0.19
5Y Dividends CAGR	N/A	3.83%

Net Assets

Winner

DFCA

$678M

VMO

$673M

Expense Ratio

DFCA

0.19%

VMO

N/A

Max Drawdown

Winner

DFCA

4.35%

VMO

59.97%

Sharpe Ratio

DFCA

0.75

Winner

VMO

1.17

5Y Beta

Winner

DFCA

0.02

VMO

0.19

5Y Dividends CAGR

DFCA

N/A

VMO

3.83%

DFCA vs VMO - Historical Returns

Returns include dividend reinvestment.

Period	DFCA	VMO
1 month	+0.37%	+0.23%
3 months	-0.01%	-0.53%
6 months	+1.39%	+4.46%
1 year	+4.87%	+14.68%
5 years(CAGR)	N/A	-1.09%
10 years(CAGR)	N/A	+1.75%
Max(CAGR)	+2.78%	+5.25%

Winner

DFCA

+0.37%

VMO

+0.23%

Winner

DFCA

-0.01%

VMO

-0.53%

DFCA

+1.39%

Winner

VMO

+4.46%

DFCA

+4.87%

Winner

VMO

+14.68%

5Y(CAGR)

DFCA

N/A

VMO

-1.09%

10Y(CAGR)

DFCA

N/A

VMO

+1.75%

Max(CAGR)

DFCA

+2.78%

Winner

VMO

+5.25%

DFCA vs VMO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	DFCA	VMO
2026	+1.02%	+4.00%
2025	+2.96%	+5.81%
2024	+1.71%	+7.97%
2023	+2.59%	+2.47%
2022	N/A	-24.59%
2021	N/A	+12.34%
2020	N/A	+8.49%
2019	N/A	+13.99%
2018	N/A	-4.38%
2017	N/A	+2.74%
2016	N/A	+2.27%
2015	N/A	+9.28%
2014	N/A	+16.12%
2013	N/A	-15.83%
2012	N/A	+7.92%
2011	N/A	+21.08%
2010	N/A	+4.57%
2009	N/A	+45.00%
2008	N/A	-28.05%
2007	N/A	-3.14%
2006	N/A	+12.22%
2005	N/A	+7.50%
2004	N/A	-5.69%
2003	N/A	+13.75%
2002	N/A	+13.87%
2001	N/A	+13.09%
2000	N/A	+13.93%
1999	N/A	-4.09%

DFCA vs VMO Drawdown Comparison

The maximum drawdown for DFCA was -3.28%, occurring on Apr 11, 2025. Recovery took 131 trading sessions.

The maximum drawdown for VMO was -50.02%, occurring on Dec 16, 2008. Recovery took 599 trading sessions.

The current DFCA drawdown is -0.51%. The current VMO drawdown is -8.37%.

Rank	DFCA	VMO
#1	-3.28% Feb 28, 2025 - Sep 8, 2025	-50.02% Apr 23, 2007 - Sep 4, 2009
#2	-3.07% Jul 26, 2023 - Nov 29, 2023	-37.68% Jan 3, 2022 - Oct 25, 2023
#3	-1.77% Feb 27, 2026 - Mar 27, 2026	-26.16% Oct 8, 2012 - Dec 10, 2015
#4	-1.63% Dec 6, 2024 - Feb 28, 2025	-25.48% Feb 20, 2020 - Aug 17, 2020
#5	-1.27% Mar 7, 2024 - Jul 5, 2024	-19.84% Dec 3, 2010 - Nov 15, 2011
#6	-1.13% Oct 1, 2024 - Nov 27, 2024	-19.20% Mar 8, 2004 - Mar 24, 2006
#7	-0.60% Jan 8, 2024 - Jan 31, 2024	-17.50% Jul 8, 2016 - Jul 31, 2019
#8	-0.57% Feb 1, 2024 - Mar 5, 2024	-11.93% Nov 5, 2010 - Dec 3, 2010
#9	-0.42% Aug 5, 2024 - Sep 4, 2024	-11.09% Jun 13, 2003 - Jan 6, 2004
#10	-0.37% Nov 28, 2025 - Dec 19, 2025	-10.05% Oct 6, 2009 - Mar 5, 2010
#11	-0.37% Sep 22, 2025 - Oct 13, 2025	-9.94% Feb 1, 2012 - Jul 5, 2012
#12	-0.28% Jul 19, 2024 - Jul 26, 2024	-9.79% Nov 5, 1999 - Jul 26, 2000
#13	-0.22% Dec 29, 2023 - Jan 8, 2024	-9.37% Oct 3, 2002 - Feb 21, 2003
#14	-0.22% Nov 11, 2025 - Nov 19, 2025	-8.51% Apr 28, 2006 - Dec 4, 2006
#15	-0.20% Oct 24, 2025 - Nov 10, 2025	-7.13% Feb 15, 2002 - Jun 4, 2002

Correlation

Correlation between DFCA and VMO is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2000 - 2026)

DFCA vs VMO dividend yield comparison.

Year	DFCA	VMO
2026	0.92%	3.23%
2025	2.86%	7.84%
2024	2.86%	6.44%
2023	1.24%	4.47%
2022	0.00%	5.69%
2021	0.00%	4.64%
2020	0.00%	4.66%
2019	0.00%	4.94%
2018	0.00%	5.95%
2017	0.00%	5.98%
2016	0.00%	6.73%
2015	0.00%	6.33%
2014	0.00%	6.12%
2013	0.00%	7.43%
2012	0.00%	7.03%
2011	0.00%	7.13%
2010	0.00%	7.91%
2009	0.00%	6.78%
2008	0.00%	8.60%
2007	0.00%	5.55%
2006	0.00%	5.17%
2005	0.00%	8.69%
2004	0.00%	7.20%
2003	0.00%	8.66%
2002	0.00%	9.81%
2001	0.00%	7.59%
2000	0.00%	2.56%