FCAL vs CSD
Comparison between FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF) and INVESCO S&P SPIN-OFF ETF (CSD, ETF).
5-Year PerformanceCSD has outperformed FCAL, delivering a return of +17.2% compared to +0.5%
FCAL vs CSD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
FCAL vs CSD - Historical Returns
Returns include dividend reinvestment.
FCAL vs CSD - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | FCAL | CSD |
|---|---|---|
| 2026 | +1.54% | +33.79% |
| 2025 | +3.05% | +20.31% |
| 2024 | +1.84% | +29.21% |
| 2023 | +6.19% | +24.33% |
| 2022 | -9.40% | -15.12% |
| 2021 | +3.02% | +15.54% |
| 2020 | +3.39% | +10.77% |
| 2019 | +9.63% | +19.30% |
| 2018 | +1.01% | -18.73% |
| 2017 | +4.40% | +20.00% |
| 2016 | N/A | +16.46% |
| 2015 | N/A | -12.04% |
| 2014 | N/A | +2.45% |
| 2013 | N/A | +47.95% |
| 2012 | N/A | +24.81% |
| 2011 | N/A | +2.66% |
| 2010 | N/A | +20.13% |
| 2009 | N/A | +65.62% |
| 2008 | N/A | -54.42% |
| 2007 | N/A | +8.83% |
| 2006 | N/A | -0.56% |
FCAL vs CSD Drawdown Comparison
The maximum drawdown for FCAL was -14.81%, occurring on Mar 20, 2020. Recovery took 204 trading sessions.
The maximum drawdown for CSD was -70.47%, occurring on Nov 20, 2008. Recovery took 1360 trading sessions.
The current FCAL drawdown is -0.99%. The current CSD drawdown is -8.63%.
| Rank | FCAL | CSD |
|---|---|---|
| #1 | -14.81% Feb 28, 2020 - Dec 17, 2020 | -70.47% Jul 19, 2007 - Dec 11, 2012 |
| #2 | -14.44% Jul 20, 2021 - Nov 11, 2025 | -57.54% Sep 21, 2018 - Dec 16, 2020 |
| #3 | -2.96% Dec 29, 2017 - Dec 21, 2018 | -31.85% Apr 10, 2015 - Apr 25, 2017 |
| #4 | -2.57% Feb 27, 2026 - Jun 22, 2026 | -30.15% Jan 23, 2025 - Aug 27, 2025 |
| #5 | -2.28% Feb 12, 2021 - May 6, 2021 | -29.30% Sep 2, 2021 - Feb 23, 2024 |
| #6 | -1.27% Aug 28, 2019 - Oct 8, 2019 | -11.34% Feb 26, 2026 - Apr 9, 2026 |
| #7 | -1.10% Oct 9, 2019 - Dec 27, 2019 | -10.60% Nov 29, 2013 - Mar 4, 2014 |
| #8 | -1.03% Dec 7, 2017 - Dec 28, 2017 | -9.73% Mar 7, 2014 - Feb 12, 2015 |
| #9 | -0.99% Jul 2, 2026 - Jul 21, 2026 | -9.64% Jun 30, 2026 - Jul 20, 2026 |
| #10 | -0.88% Aug 15, 2017 - Sep 12, 2017 | -9.58% Jun 8, 2021 - Aug 27, 2021 |
| #11 | -0.71% Apr 15, 2019 - Apr 30, 2019 | -9.40% Jan 26, 2018 - Sep 20, 2018 |
| #12 | -0.71% Sep 12, 2017 - Oct 19, 2017 | -9.37% Nov 26, 2024 - Jan 21, 2025 |
| #13 | -0.65% Dec 28, 2018 - Jan 31, 2019 | -8.79% Jul 31, 2024 - Aug 23, 2024 |
| #14 | -0.64% Nov 20, 2017 - Dec 5, 2017 | -7.88% Nov 12, 2025 - Dec 3, 2025 |
| #15 | -0.58% Dec 21, 2018 - Dec 28, 2018 | -7.88% Jan 14, 2021 - Feb 5, 2021 |
Correlation
Correlation between FCAL and CSD is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2007 - 2026)
FCAL vs CSD dividend yield comparison.
| Year | FCAL | CSD |
|---|---|---|
| 2026 | 2.02% | 0.00% |
| 2025 | 3.22% | 0.16% |
| 2024 | 2.99% | 0.17% |
| 2023 | 2.74% | 0.51% |
| 2022 | 2.38% | 0.86% |
| 2021 | 2.03% | 0.73% |
| 2020 | 2.11% | 0.99% |
| 2019 | 2.68% | 1.08% |
| 2018 | 2.99% | 0.99% |
| 2017 | 1.30% | 0.60% |
| 2016 | 0.00% | 1.62% |
| 2015 | 0.00% | 2.61% |
| 2014 | 0.00% | 1.64% |
| 2013 | 0.00% | 0.19% |
| 2012 | 0.00% | 0.26% |
| 2011 | 0.00% | 0.48% |
| 2010 | 0.00% | 0.47% |
| 2009 | 0.00% | 1.83% |
| 2008 | 0.00% | 3.70% |
| 2007 | 0.00% | 0.69% |
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