EFAA vs JCAL

Comparison between Invesco MSCI EAFE Income Advantage ETF (EFAA, ETF) and JPMorgan California Tax Free Bond ETF (JCAL, ETF).

EFAA vs JCAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EFAA(ETF)	JCAL(ETF)
Net Assets	$507M	$510M
Expense Ratio	0.39%	0.34%
Max Drawdown	14.15%	1.39%
Sharpe Ratio	1.13	-3.88
5Y Beta	0.57	0.05

Net Assets

EFAA

$507M

Winner

JCAL

$510M

Expense Ratio

EFAA

0.39%

Winner

JCAL

0.34%

Max Drawdown

EFAA

14.15%

Winner

JCAL

1.39%

Sharpe Ratio

Winner

EFAA

1.13

JCAL

-3.88

5Y Beta

EFAA

0.57

Winner

JCAL

0.05

EFAA vs JCAL - Historical Returns

Returns include dividend reinvestment.

Period	EFAA	JCAL
1 month	+0.23%	-0.64%
3 months	+4.56%	N/A
6 months	+5.90%	N/A
1 year	+17.91%	N/A
Max(CAGR)	+14.48%	-4.55%

Winner

EFAA

+0.23%

JCAL

-0.64%

EFAA

+4.56%

JCAL

N/A

EFAA

+5.90%

JCAL

N/A

EFAA

+17.91%

JCAL

N/A

Max(CAGR)

Winner

EFAA

+14.48%

JCAL

-4.55%

EFAA vs JCAL - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	EFAA	JCAL
2026	+7.17%	-0.46%
2025	+25.92%	N/A
2024	-3.31%	N/A

EFAA vs JCAL Drawdown Comparison

The maximum drawdown for EFAA was -11.98%, occurring on Apr 8, 2025. Recovery took 28 trading sessions.

The maximum drawdown for JCAL was -1.12%, occurring on Jul 21, 2026. This drawdown has not yet recovered.

The current EFAA drawdown is -0.82%. The current JCAL drawdown is -1.12%.

Rank	EFAA	JCAL
#1	-11.98% Mar 19, 2025 - Apr 29, 2025	-1.12% Jun 29, 2026 - Jul 21, 2026
#2	-10.14% Feb 25, 2026 - Jun 15, 2026	-0.12% Jun 18, 2026 - Jun 24, 2026
#3	-7.01% Sep 26, 2024 - Mar 5, 2025	-0.06% Jun 16, 2026 - Jun 18, 2026
#4	-5.53% Jul 17, 2024 - Aug 19, 2024	N/A
#5	-4.46% Nov 12, 2025 - Dec 10, 2025	N/A
#6	-3.56% Jul 23, 2025 - Aug 13, 2025	N/A
#7	-2.83% Aug 30, 2024 - Sep 19, 2024	N/A
#8	-2.23% Oct 6, 2025 - Oct 20, 2025	N/A
#9	-1.96% Jul 2, 2025 - Jul 23, 2025	N/A
#10	-1.95% Jun 12, 2025 - Jun 26, 2025	N/A
#11	-1.92% Aug 22, 2025 - Sep 11, 2025	N/A
#12	-1.78% Mar 5, 2025 - Mar 17, 2025	N/A
#13	-1.74% Jul 6, 2026 - Jul 20, 2026	N/A
#14	-1.68% Oct 28, 2025 - Nov 10, 2025	N/A
#15	-1.57% Jun 18, 2026 - Jul 2, 2026	N/A

Correlation

Correlation between EFAA and JCAL is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

-101