FCAL vs HYBI
Comparison between FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF) and NEOS ENHANCED INCOME CREDIT SELECT ETF (HYBI, ETF).
FCAL vs HYBI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FCAL
$219M
Winner
HYBI
$219M
Expense Ratio
Winner
FCAL
0.49%
HYBI
0.68%
Max Drawdown
FCAL
16.86%
Winner
HYBI
7.56%
Sharpe Ratio
FCAL
0.38
Winner
HYBI
0.42
5Y Beta
Winner
FCAL
0.01
HYBI
0.23
5Y Dividends CAGR
FCAL
9.81%
HYBI
N/A
FCAL vs HYBI - Historical Returns
Returns include dividend reinvestment.
1M
FCAL
-0.31%
Winner
HYBI
+1.26%
3M
FCAL
-0.85%
Winner
HYBI
+1.33%
6M
FCAL
-1.66%
Winner
HYBI
+1.85%
1Y
FCAL
+4.99%
Winner
HYBI
+5.11%
5Y(CAGR)
FCAL
+0.27%
HYBI
N/A
10Y(CAGR)
FCAL
+2.38%
HYBI
N/A
Max(CAGR)
FCAL
+2.38%
Winner
HYBI
+4.88%
FCAL vs HYBI - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | FCAL | HYBI |
|---|---|---|
| 2026 | +0.40% | +2.77% |
| 2025 | +3.05% | +6.71% |
| 2024 | +1.84% | -0.48% |
| 2023 | +6.19% | N/A |
| 2022 | -9.40% | N/A |
| 2021 | +3.02% | N/A |
| 2020 | +3.39% | N/A |
| 2019 | +9.63% | N/A |
| 2018 | +1.01% | N/A |
| 2017 | +4.40% | N/A |
FCAL vs HYBI Drawdown Comparison
The maximum drawdown for FCAL was -14.81%, occurring on Mar 20, 2020. Recovery took 204 trading sessions.
The maximum drawdown for HYBI was -4.68%, occurring on Apr 8, 2025. Recovery took 79 trading sessions.
The current FCAL drawdown is -2.10%. The current HYBI drawdown is -0.04%.
| Rank | FCAL | HYBI |
|---|---|---|
| #1 | -14.81% Feb 28, 2020 - Dec 17, 2020 | -4.68% Feb 26, 2025 - Jun 20, 2025 |
| #2 | -14.44% Jul 20, 2021 - Nov 11, 2025 | -1.89% Dec 6, 2024 - Feb 14, 2025 |
| #3 | -2.96% Dec 29, 2017 - Dec 21, 2018 | -1.43% Feb 20, 2026 - Apr 14, 2026 |
| #4 | -2.57% Feb 27, 2026 - Jun 22, 2026 | -1.21% Oct 6, 2025 - Oct 24, 2025 |
| #5 | -2.28% Feb 12, 2021 - May 6, 2021 | -1.14% Sep 30, 2024 - Nov 7, 2024 |
| #6 | -2.20% Jul 2, 2026 - Aug 3, 2026 | -1.06% Oct 27, 2025 - Nov 28, 2025 |
| #7 | -1.27% Aug 28, 2019 - Oct 8, 2019 | -0.97% May 6, 2026 - May 29, 2026 |
| #8 | -1.10% Oct 9, 2019 - Dec 27, 2019 | -0.91% Jun 2, 2026 - Jun 15, 2026 |
| #9 | -1.03% Dec 7, 2017 - Dec 28, 2017 | -0.91% Jul 15, 2026 - Aug 4, 2026 |
| #10 | -0.88% Aug 15, 2017 - Sep 12, 2017 | -0.76% Nov 8, 2024 - Nov 29, 2024 |
| #11 | -0.71% Apr 15, 2019 - Apr 30, 2019 | -0.59% Jul 2, 2025 - Jul 21, 2025 |
| #12 | -0.71% Sep 12, 2017 - Oct 19, 2017 | -0.48% Apr 17, 2026 - May 6, 2026 |
| #13 | -0.65% Dec 28, 2018 - Jan 31, 2019 | -0.47% Aug 13, 2025 - Aug 22, 2025 |
| #14 | -0.64% Nov 20, 2017 - Dec 5, 2017 | -0.44% Jan 16, 2026 - Jan 22, 2026 |
| #15 | -0.58% Dec 21, 2018 - Dec 28, 2018 | -0.38% Feb 2, 2026 - Feb 6, 2026 |
Correlation
Correlation between FCAL and HYBI is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
Dividend Comparison (2017 - 2026)
FCAL vs HYBI dividend yield comparison.
| Year | FCAL | HYBI |
|---|---|---|
| 2026 | 2.35% | 5.44% |
| 2025 | 3.22% | 8.48% |
| 2024 | 2.99% | 2.21% |
| 2023 | 2.74% | 0.00% |
| 2022 | 2.38% | 0.00% |
| 2021 | 2.03% | 0.00% |
| 2020 | 2.11% | 0.00% |
| 2019 | 2.68% | 0.00% |
| 2018 | 2.99% | 0.00% |
| 2017 | 1.30% | 0.00% |
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