FCAL vs GF

Comparison between FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF) and New Germany Fund Inc (GF, ETF).

5-Year PerformanceFCAL has outperformed GF, delivering a return of +0.6% compared to -3.5%

FCAL vs GF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FCAL(ETF)	GF(ETF)
Net Assets	$220M	$220M
Expense Ratio	0.49%	N/A
Max Drawdown	16.86%	82.34%
Sharpe Ratio	1.13	-0.06
5Y Beta	-0.00	0.65
5Y Dividends CAGR	7.56%	-37.02%

Net Assets

Winner

FCAL

$220M

Expense Ratio

FCAL

0.49%

N/A

Max Drawdown

Winner

FCAL

16.86%

82.34%

Sharpe Ratio

Winner

FCAL

1.13

-0.06

5Y Beta

Winner

FCAL

-0.00

0.65

5Y Dividends CAGR

Winner

FCAL

7.56%

-37.02%

FCAL vs GF - Historical Returns

Returns include dividend reinvestment.

Period	FCAL	GF
1 month	+0.56%	+0.17%
3 months	+1.44%	+8.11%
6 months	+2.24%	+5.46%
1 year	+6.68%	+0.21%
5 years(CAGR)	+0.59%	-3.48%
10 years(CAGR)	+2.59%	+8.73%
Max(CAGR)	+2.59%	+7.77%

Winner

FCAL

+0.56%

+0.17%

FCAL

+1.44%

Winner

+8.11%

FCAL

+2.24%

Winner

+5.46%

Winner

FCAL

+6.68%

+0.21%

5Y(CAGR)

Winner

FCAL

+0.59%

-3.48%

10Y(CAGR)

FCAL

+2.59%

Winner

+8.73%

Max(CAGR)

FCAL

+2.59%

Winner

+7.77%

FCAL vs GF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FCAL	GF
2026	+1.76%	+2.27%
2025	+3.05%	+48.90%
2024	+1.84%	-9.49%
2023	+6.19%	+8.90%
2022	-9.40%	-43.55%
2021	+3.02%	+6.54%
2020	+3.39%	+37.06%
2019	+9.63%	+36.21%
2018	+1.01%	-21.95%
2017	+4.40%	+54.35%
2016	N/A	-0.00%
2015	N/A	+14.42%
2014	N/A	-4.53%
2013	N/A	+54.91%
2012	N/A	+26.96%
2011	N/A	-16.70%
2010	N/A	+28.66%
2009	N/A	+43.94%
2008	N/A	-52.43%
2007	N/A	+23.74%
2006	N/A	+42.95%
2005	N/A	+19.10%
2004	N/A	+29.10%
2003	N/A	+93.19%
2002	N/A	-40.54%
2001	N/A	-33.86%
2000	N/A	-12.69%
1999	N/A	+2.60%

FCAL vs GF Drawdown Comparison

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

The maximum drawdown for GF was -79.37%, occurring on Oct 9, 2002. Recovery took 1508 trading sessions.

The current FCAL drawdown is -0.32%. The current GF drawdown is -18.19%.

Rank	FCAL	GF
#1	-14.81% Feb 28, 2020 - Dec 17, 2020	-79.37% Mar 16, 2000 - Mar 17, 2006
#2	-14.44% Jul 20, 2021 - Nov 11, 2025	-71.09% Jul 13, 2007 - Apr 6, 2011
#3	-2.96% Dec 29, 2017 - Dec 21, 2018	-53.72% Sep 13, 2021 - Oct 14, 2022
#4	-2.57% Feb 27, 2026 - Mar 27, 2026	-40.75% Jan 22, 2020 - Jun 5, 2020
#5	-2.28% Feb 12, 2021 - May 6, 2021	-34.95% May 2, 2011 - Jan 23, 2013
#6	-1.27% Aug 28, 2019 - Oct 8, 2019	-31.09% Jan 23, 2018 - Jan 2, 2020
#7	-1.10% Oct 9, 2019 - Dec 27, 2019	-24.93% May 10, 2006 - Jan 3, 2007
#8	-1.03% Dec 7, 2017 - Dec 28, 2017	-21.60% Jun 9, 2014 - Mar 2, 2015
#9	-0.88% Aug 15, 2017 - Sep 12, 2017	-18.84% May 22, 2015 - Jan 25, 2017
#10	-0.71% Apr 15, 2019 - Apr 30, 2019	-10.54% Feb 26, 2007 - Mar 26, 2007
#11	-0.71% Sep 12, 2017 - Oct 19, 2017	-9.90% Oct 12, 2020 - Nov 9, 2020
#12	-0.65% Dec 28, 2018 - Jan 31, 2019	-9.61% Nov 10, 1999 - Jan 10, 2000
#13	-0.64% Nov 20, 2017 - Dec 5, 2017	-8.80% Dec 27, 2013 - Jun 9, 2014
#14	-0.58% Dec 21, 2018 - Dec 28, 2018	-7.81% Jun 18, 2013 - Jul 29, 2013
#15	-0.57% Mar 29, 2019 - Apr 15, 2019	-7.69% Jun 8, 2020 - Jul 2, 2020

Correlation

Correlation between FCAL and GF is 0.72 which considered as a strong positive correlation - the stocks tend to move together.

0.72

-101

Dividend Comparison (2000 - 2026)

FCAL vs GF dividend yield comparison.

Year	FCAL	GF
2026	1.43%	1.33%
2025	3.22%	1.30%
2024	2.99%	0.92%
2023	2.74%	0.80%
2022	2.38%	9.74%
2021	2.03%	39.51%
2020	2.11%	12.92%
2019	2.68%	3.29%
2018	2.99%	31.23%
2017	1.30%	3.82%
2016	0.00%	9.05%
2015	0.00%	8.37%
2014	0.00%	30.90%
2013	0.00%	22.48%
2012	0.00%	4.07%
2011	0.00%	8.66%
2010	0.00%	0.75%
2009	0.00%	1.48%
2008	0.00%	2.33%
2007	0.00%	3.40%
2006	0.00%	1.42%
2005	0.00%	5.40%
2004	0.00%	3.09%
2003	0.00%	0.35%
2000	0.00%	19.49%