FCAL vs PY

Comparison between FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF) and PRINCIPAL VALUE ETF (PY, ETF).

5-Year PerformancePY has outperformed FCAL, delivering a return of +7.5% compared to +0.6%

FCAL vs PY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FCAL(ETF)	PY(ETF)
Net Assets	$220M	$220M
Expense Ratio	0.49%	0.15%
Max Drawdown	16.86%	45.51%
Sharpe Ratio	1.13	0.99
5Y Beta	-0.00	0.77
P/E Ratio	N/A	19.65
Forward P/E	N/A	15.32
PEG Ratio	N/A	0.51
5Y Dividends CAGR	7.56%	2.26%
5Y EPS CAGR	N/A	12.97%
Debt to Equity	N/A	-4.33%
P/S Ratio	N/A	1.70
P/B Ratio	N/A	3.21

Net Assets

FCAL

$220M

Winner

$220M

Expense Ratio

FCAL

0.49%

Winner

0.15%

Max Drawdown

Winner

FCAL

16.86%

45.51%

Sharpe Ratio

Winner

FCAL

1.13

0.99

5Y Beta

Winner

FCAL

-0.00

0.77

P/E Ratio

FCAL

N/A

19.65

Forward P/E

FCAL

N/A

15.32

PEG Ratio

FCAL

N/A

0.51

5Y Dividends CAGR

Winner

FCAL

7.56%

2.26%

5Y EPS CAGR

FCAL

N/A

12.97%

Debt to Equity

FCAL

N/A

-4.33%

P/S Ratio

FCAL

N/A

1.70

P/B Ratio

FCAL

N/A

3.21

FCAL vs PY - Historical Returns

Returns include dividend reinvestment.

Period	FCAL	PY
1 month	+0.56%	+2.09%
3 months	+1.44%	+6.57%
6 months	+2.24%	+3.78%
1 year	+6.68%	+14.08%
5 years(CAGR)	+0.59%	+7.46%
10 years(CAGR)	+2.59%	+10.98%
Max(CAGR)	+2.59%	+10.70%

FCAL

+0.56%

Winner

+2.09%

FCAL

+1.44%

Winner

+6.57%

FCAL

+2.24%

Winner

+3.78%

FCAL

+6.68%

Winner

+14.08%

5Y(CAGR)

FCAL

+0.59%

Winner

+7.46%

10Y(CAGR)

FCAL

+2.59%

Winner

+10.98%

Max(CAGR)

FCAL

+2.59%

Winner

+10.70%

FCAL vs PY - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	FCAL	PY
2026	+1.76%	+4.78%
2025	+3.05%	+8.05%
2024	+1.84%	+16.72%
2023	+6.19%	+9.40%
2022	-9.40%	-5.17%
2021	+3.02%	+34.81%
2020	+3.39%	+2.72%
2019	+9.63%	+25.50%
2018	+1.01%	-12.94%
2017	+4.40%	+19.10%
2016	N/A	+14.28%

FCAL vs PY Drawdown Comparison

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

The maximum drawdown for PY was -45.44%, occurring on Mar 23, 2020. Recovery took 223 trading sessions.

The current FCAL drawdown is -0.32%. The current PY drawdown is -0.23%.

Rank	FCAL	PY
#1	-14.81% Feb 28, 2020 - Dec 17, 2020	-45.44% Jan 17, 2020 - Dec 4, 2020
#2	-14.44% Jul 20, 2021 - Nov 11, 2025	-20.71% Jan 26, 2018 - Nov 5, 2019
#3	-2.96% Dec 29, 2017 - Dec 21, 2018	-17.83% Nov 29, 2024 - Aug 22, 2025
#4	-2.57% Feb 27, 2026 - Mar 27, 2026	-17.72% Jan 14, 2022 - Dec 14, 2023
#5	-2.28% Feb 12, 2021 - May 6, 2021	-6.92% May 10, 2021 - Aug 27, 2021
#6	-1.27% Aug 28, 2019 - Oct 8, 2019	-6.46% Nov 12, 2021 - Dec 27, 2021
#7	-1.10% Oct 9, 2019 - Dec 27, 2019	-6.20% Feb 6, 2026 - Apr 30, 2026
#8	-1.03% Dec 7, 2017 - Dec 28, 2017	-6.10% Jul 16, 2024 - Aug 23, 2024
#9	-0.88% Aug 15, 2017 - Sep 12, 2017	-5.67% Mar 28, 2024 - Jul 11, 2024
#10	-0.71% Apr 15, 2019 - Apr 30, 2019	-5.34% Sep 2, 2021 - Oct 15, 2021
#11	-0.71% Sep 12, 2017 - Oct 19, 2017	-4.61% Mar 1, 2017 - Jul 3, 2017
#12	-0.65% Dec 28, 2018 - Jan 31, 2019	-4.47% Oct 27, 2025 - Dec 10, 2025
#13	-0.64% Nov 20, 2017 - Dec 5, 2017	-4.46% Feb 24, 2021 - Mar 8, 2021
#14	-0.58% Dec 21, 2018 - Dec 28, 2018	-4.32% Aug 23, 2016 - Nov 10, 2016
#15	-0.57% Mar 29, 2019 - Apr 15, 2019	-4.26% Apr 19, 2016 - Jun 6, 2016

Correlation

Correlation between FCAL and PY is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2016 - 2026)

FCAL vs PY dividend yield comparison.

Year	FCAL	PY
2026	1.43%	0.40%
2025	3.22%	2.14%
2024	2.99%	2.22%
2023	2.74%	2.68%
2022	2.38%	3.02%
2021	2.03%	2.83%
2020	2.11%	2.95%
2019	2.68%	2.25%
2018	2.99%	2.34%
2017	1.30%	1.69%
2016	0.00%	1.85%