FCAL vs IAPR

Comparison between FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF) and Innovator International Developed Power Buffer ETF April (IAPR, ETF).

5-Year PerformanceIAPR has outperformed FCAL, delivering a return of +4.8% compared to +0.8%

FCAL vs IAPR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FCAL(ETF)	IAPR(ETF)
Net Assets	$205M	$205M
Expense Ratio	0.49%	0.85%
Max Drawdown	16.86%	17.73%
Sharpe Ratio	1.06	1.29
5Y Beta	-0.00	0.39
5Y Dividends CAGR	7.56%	N/A

Net Assets

FCAL

$205M

Winner

IAPR

$205M

Expense Ratio

Winner

FCAL

0.49%

IAPR

0.85%

Max Drawdown

Winner

FCAL

16.86%

IAPR

17.73%

Sharpe Ratio

FCAL

1.06

Winner

IAPR

1.29

5Y Beta

Winner

FCAL

-0.00

IAPR

0.39

5Y Dividends CAGR

FCAL

7.56%

IAPR

N/A

FCAL vs IAPR - Historical Returns

Returns include dividend reinvestment.

Period	FCAL	IAPR
1 month	+0.67%	+0.30%
3 months	+0.40%	+4.61%
6 months	+2.25%	+7.08%
1 year	+6.83%	+12.96%
5 years(CAGR)	+0.79%	+4.85%
10 years(CAGR)	+2.60%	N/A
Max(CAGR)	+2.60%	+5.18%

Winner

FCAL

+0.67%

IAPR

+0.30%

FCAL

+0.40%

Winner

IAPR

+4.61%

FCAL

+2.25%

Winner

IAPR

+7.08%

FCAL

+6.83%

Winner

IAPR

+12.96%

5Y(CAGR)

FCAL

+0.79%

Winner

IAPR

+4.85%

10Y(CAGR)

FCAL

+2.60%

IAPR

N/A

Max(CAGR)

FCAL

+2.60%

Winner

IAPR

+5.18%

FCAL vs IAPR - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	FCAL	IAPR
2026	+1.74%	+5.66%
2025	+3.05%	+15.64%
2024	+1.84%	+4.70%
2023	+6.19%	+7.34%
2022	-9.40%	-7.72%
2021	+3.02%	+2.74%
2020	+3.39%	N/A
2019	+9.63%	N/A
2018	+1.01%	N/A
2017	+4.40%	N/A

FCAL vs IAPR Drawdown Comparison

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

The maximum drawdown for IAPR was -17.73%, occurring on Sep 27, 2022. Recovery took 574 trading sessions.

The current FCAL drawdown is -0.34%. The current IAPR drawdown is -1.26%.

Rank	FCAL	IAPR
#1	-14.81% Feb 28, 2020 - Dec 17, 2020	-17.73% Nov 8, 2021 - Feb 22, 2024
#2	-14.44% Jul 20, 2021 - Nov 11, 2025	-9.46% Mar 19, 2025 - May 19, 2025
#3	-2.96% Dec 29, 2017 - Dec 21, 2018	-6.63% Sep 26, 2024 - Mar 18, 2025
#4	-2.57% Feb 27, 2026 - Mar 27, 2026	-4.61% Jul 12, 2024 - Aug 21, 2024
#5	-2.28% Feb 12, 2021 - May 6, 2021	-3.46% Mar 27, 2024 - May 14, 2024
#6	-1.27% Aug 28, 2019 - Oct 8, 2019	-2.70% Aug 30, 2024 - Sep 24, 2024
#7	-1.10% Oct 9, 2019 - Dec 27, 2019	-2.57% Jun 6, 2024 - Jul 12, 2024
#8	-1.03% Dec 7, 2017 - Dec 28, 2017	-2.56% Nov 12, 2025 - Dec 4, 2025
#9	-0.88% Aug 15, 2017 - Sep 12, 2017	-2.40% Sep 7, 2021 - Nov 1, 2021
#10	-0.71% Apr 15, 2019 - Apr 30, 2019	-2.22% Jun 15, 2021 - Aug 11, 2021
#11	-0.71% Sep 12, 2017 - Oct 19, 2017	-2.10% Apr 17, 2026 - May 6, 2026
#12	-0.65% Dec 28, 2018 - Jan 31, 2019	-2.05% Jul 23, 2025 - Aug 12, 2025
#13	-0.64% Nov 20, 2017 - Dec 5, 2017	-2.02% Feb 24, 2026 - Mar 31, 2026
#14	-0.58% Dec 21, 2018 - Dec 28, 2018	-1.58% May 6, 2026 - May 26, 2026
#15	-0.57% Mar 29, 2019 - Apr 15, 2019	-1.56% May 15, 2024 - Jun 6, 2024