FCAL vs FT

Comparison between FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF) and Franklin Universal Trust (FT, ETF).

5-Year PerformanceFT has outperformed FCAL, delivering a return of +6.7% compared to +0.2%

FCAL vs FT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FCAL(ETF)	FT(ETF)
Net Assets	$224M	$223M
Expense Ratio	0.49%	N/A
Max Drawdown	16.86%	65.18%
Sharpe Ratio	0.70	0.57
5Y Beta	-0.00	0.29
5Y Dividends CAGR	7.91%	5.27%

Net Assets

Winner

FCAL

$224M

$223M

Expense Ratio

FCAL

0.49%

N/A

Max Drawdown

Winner

FCAL

16.86%

65.18%

Sharpe Ratio

Winner

FCAL

0.70

0.57

5Y Beta

Winner

FCAL

-0.00

0.29

5Y Dividends CAGR

Winner

FCAL

7.91%

5.27%

FCAL vs FT - Historical Returns

Returns include dividend reinvestment.

Period	FCAL	FT
1 month	-1.52%	+0.31%
3 months	-0.81%	-0.24%
6 months	-0.08%	+3.11%
1 year	+5.88%	+9.32%
5 years(CAGR)	+0.20%	+6.67%
10 years(CAGR)	+2.41%	+7.97%
Max(CAGR)	+2.41%	+7.29%

FCAL

-1.52%

Winner

+0.31%

FCAL

-0.81%

Winner

-0.24%

FCAL

-0.08%

Winner

+3.11%

FCAL

+5.88%

Winner

+9.32%

5Y(CAGR)

FCAL

+0.20%

Winner

+6.67%

10Y(CAGR)

FCAL

+2.41%

Winner

+7.97%

Max(CAGR)

FCAL

+2.41%

Winner

+7.29%

FCAL vs FT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FCAL	FT
2026	+0.43%	+3.53%
2025	+3.05%	+16.44%
2024	+1.84%	+17.47%
2023	+6.19%	+4.51%
2022	-9.40%	-13.44%
2021	+3.02%	+21.55%
2020	+3.39%	+1.47%
2019	+9.63%	+30.84%
2018	+1.01%	-5.40%
2017	+4.40%	+13.25%
2016	N/A	+24.94%
2015	N/A	-12.94%
2014	N/A	+10.27%
2013	N/A	+3.10%
2012	N/A	+12.59%
2011	N/A	+13.70%
2010	N/A	+17.58%
2009	N/A	+59.78%
2008	N/A	-40.85%
2007	N/A	+7.05%
2006	N/A	+21.52%
2005	N/A	+10.02%
2004	N/A	+10.93%
2003	N/A	+21.38%
2002	N/A	-29.73%
2001	N/A	+16.33%
2000	N/A	+12.12%
1999	N/A	-14.17%

FCAL vs FT Drawdown Comparison

The maximum drawdown for FCAL was -14.81%, occurring on Mar 20, 2020. Recovery took 204 trading sessions.

The maximum drawdown for FT was -54.80%, occurring on Nov 20, 2008. Recovery took 708 trading sessions.

The current FCAL drawdown is -2.07%. The current FT drawdown is -1.88%.

Rank	FCAL	FT
#1	-14.81% Feb 28, 2020 - Dec 17, 2020	-54.80% May 16, 2007 - Mar 9, 2010
#2	-14.44% Jul 20, 2021 - Nov 11, 2025	-40.90% Feb 21, 2020 - May 3, 2021
#3	-2.96% Dec 29, 2017 - Dec 21, 2018	-40.83% Apr 15, 2002 - May 16, 2006
#4	-2.57% Feb 27, 2026 - Jun 22, 2026	-23.17% Dec 28, 2021 - Jul 31, 2024
#5	-2.28% Feb 12, 2021 - May 6, 2021	-22.90% Nov 5, 1999 - Jan 3, 2001
#6	-2.07% Jul 2, 2026 - Jul 23, 2026	-22.53% Mar 24, 2015 - May 26, 2016
#7	-1.27% Aug 28, 2019 - Oct 8, 2019	-18.10% Mar 9, 2001 - Nov 28, 2001
#8	-1.10% Oct 9, 2019 - Dec 27, 2019	-13.30% May 20, 2013 - Apr 16, 2014
#9	-1.03% Dec 7, 2017 - Dec 28, 2017	-12.55% Jul 7, 2011 - Oct 21, 2011
#10	-0.88% Aug 15, 2017 - Sep 12, 2017	-12.20% Sep 26, 2012 - Jan 29, 2013
#11	-0.71% Apr 15, 2019 - Apr 30, 2019	-10.78% Dec 6, 2017 - Feb 25, 2019
#12	-0.71% Sep 12, 2017 - Oct 19, 2017	-9.94% Apr 29, 2010 - Jul 20, 2010
#13	-0.65% Dec 28, 2018 - Jan 31, 2019	-9.44% Jul 22, 2016 - Jan 17, 2017
#14	-0.64% Nov 20, 2017 - Dec 5, 2017	-8.76% Mar 3, 2025 - Jun 12, 2025
#15	-0.58% Dec 21, 2018 - Dec 28, 2018	-7.68% Nov 3, 2014 - Jan 16, 2015

Correlation

Correlation between FCAL and FT is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2000 - 2026)

FCAL vs FT dividend yield comparison.

Year	FCAL	FT
2026	2.05%	3.17%
2025	3.22%	6.37%
2024	2.99%	6.98%
2023	2.74%	7.67%
2022	2.38%	8.49%
2021	2.03%	6.00%
2020	2.11%	5.13%
2019	2.68%	4.95%
2018	2.99%	6.05%
2017	1.30%	5.36%
2016	0.00%	6.53%
2015	0.00%	8.28%
2014	0.00%	7.24%
2013	0.00%	6.64%
2012	0.00%	5.92%
2011	0.00%	6.82%
2010	0.00%	7.20%
2009	0.00%	7.86%
2008	0.00%	12.16%
2007	0.00%	6.60%
2006	0.00%	6.58%
2005	0.00%	6.82%
2004	0.00%	5.96%
2003	0.00%	6.79%
2002	0.00%	14.57%
2001	0.00%	9.85%
2000	0.00%	4.50%