FCAL vs LOUP

Comparison between FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF) and Innovator Deepwater Frontier Tech ETF (LOUP, ETF).

5-Year PerformanceLOUP has outperformed FCAL, delivering a return of +11.3% compared to +0.6%

FCAL vs LOUP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FCAL(ETF)	LOUP(ETF)
Net Assets	$220M	$220M
Expense Ratio	0.49%	0.70%
Max Drawdown	16.86%	58.68%
Sharpe Ratio	1.13	1.63
5Y Beta	-0.00	1.72
P/E Ratio	N/A	135.06
Forward P/E	N/A	38.45
PEG Ratio	N/A	0.31
5Y Dividends CAGR	7.56%	N/A
Debt to Equity	N/A	55.25%
P/S Ratio	N/A	7.70
P/B Ratio	N/A	10.48

Net Assets

Winner

FCAL

$220M

LOUP

$220M

Expense Ratio

Winner

FCAL

0.49%

LOUP

0.70%

Max Drawdown

Winner

FCAL

16.86%

LOUP

58.68%

Sharpe Ratio

FCAL

1.13

Winner

LOUP

1.63

5Y Beta

Winner

FCAL

-0.00

LOUP

1.72

P/E Ratio

FCAL

N/A

LOUP

135.06

Forward P/E

FCAL

N/A

LOUP

38.45

PEG Ratio

FCAL

N/A

LOUP

0.31

5Y Dividends CAGR

FCAL

7.56%

LOUP

N/A

Debt to Equity

FCAL

N/A

LOUP

55.25%

P/S Ratio

FCAL

N/A

LOUP

7.70

P/B Ratio

FCAL

N/A

LOUP

10.48

FCAL vs LOUP - Historical Returns

Returns include dividend reinvestment.

Period	FCAL	LOUP
1 month	+0.56%	+6.69%
3 months	+1.44%	+28.62%
6 months	+2.24%	+21.07%
1 year	+6.68%	+60.71%
5 years(CAGR)	+0.59%	+11.27%
10 years(CAGR)	+2.59%	N/A
Max(CAGR)	+2.59%	+17.86%

FCAL

+0.56%

Winner

LOUP

+6.69%

FCAL

+1.44%

Winner

LOUP

+28.62%

FCAL

+2.24%

Winner

LOUP

+21.07%

FCAL

+6.68%

Winner

LOUP

+60.71%

5Y(CAGR)

FCAL

+0.59%

Winner

LOUP

+11.27%

10Y(CAGR)

FCAL

+2.59%

LOUP

N/A

Max(CAGR)

FCAL

+2.59%

Winner

LOUP

+17.86%

FCAL vs LOUP - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	FCAL	LOUP
2026	+1.76%	+18.41%
2025	+3.05%	+41.17%
2024	+1.84%	+25.89%
2023	+6.19%	+51.97%
2022	-9.40%	-46.28%
2021	+3.02%	+7.63%
2020	+3.39%	+81.62%
2019	+9.63%	+32.18%
2018	+1.01%	-19.72%
2017	+4.40%	N/A

FCAL vs LOUP Drawdown Comparison

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

The maximum drawdown for LOUP was -58.68%, occurring on Oct 14, 2022. Recovery took 1112 trading sessions.

The current FCAL drawdown is -0.32%. The current LOUP drawdown is -7.47%.

Rank	FCAL	LOUP
#1	-14.81% Feb 28, 2020 - Dec 17, 2020	-58.68% Feb 12, 2021 - Jul 21, 2025
#2	-14.44% Jul 20, 2021 - Nov 11, 2025	-41.54% Feb 19, 2020 - Jun 5, 2020
#3	-2.96% Dec 29, 2017 - Dec 21, 2018	-28.70% Aug 31, 2018 - Dec 23, 2019
#4	-2.57% Feb 27, 2026 - Mar 27, 2026	-21.00% Nov 3, 2025 - Apr 22, 2026
#5	-2.28% Feb 12, 2021 - May 6, 2021	-10.16% Jun 2, 2026 - Jun 10, 2026
#6	-1.27% Aug 28, 2019 - Oct 8, 2019	-10.15% Sep 2, 2020 - Oct 5, 2020
#7	-1.10% Oct 9, 2019 - Dec 27, 2019	-6.84% Jun 10, 2020 - Jul 6, 2020
#8	-1.03% Dec 7, 2017 - Dec 28, 2017	-5.77% Jan 25, 2021 - Feb 5, 2021
#9	-0.88% Aug 15, 2017 - Sep 12, 2017	-5.54% Oct 23, 2020 - Nov 4, 2020
#10	-0.71% Apr 15, 2019 - Apr 30, 2019	-5.32% Apr 22, 2026 - May 5, 2026
#11	-0.71% Sep 12, 2017 - Oct 19, 2017	-4.94% Jan 23, 2020 - Feb 4, 2020
#12	-0.65% Dec 28, 2018 - Jan 31, 2019	-4.82% Aug 13, 2025 - Aug 28, 2025
#13	-0.64% Nov 20, 2017 - Dec 5, 2017	-4.71% Jul 30, 2025 - Aug 6, 2025
#14	-0.58% Dec 21, 2018 - Dec 28, 2018	-4.44% May 11, 2026 - May 22, 2026
#15	-0.57% Mar 29, 2019 - Apr 15, 2019	-4.07% Oct 9, 2025 - Oct 24, 2025