FCAL vs TMB
Comparison between FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF) and THORNBURG MULTI SECTOR BOND ETF (TMB, ETF).
FCAL vs TMB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FCAL
$224M
Winner
TMB
$224M
Expense Ratio
Winner
FCAL
0.49%
TMB
0.55%
Max Drawdown
FCAL
16.86%
Winner
TMB
1.02%
Sharpe Ratio
Winner
FCAL
1.22
TMB
-0.70
5Y Beta
Winner
FCAL
-0.00
TMB
0.07
5Y Dividends CAGR
FCAL
7.91%
TMB
N/A
FCAL vs TMB - Historical Returns
Returns include dividend reinvestment.
1M
FCAL
-0.55%
Winner
TMB
+0.03%
3M
FCAL
+0.24%
TMB
N/A
6M
FCAL
+1.18%
TMB
N/A
1Y
FCAL
+7.00%
TMB
N/A
5Y(CAGR)
FCAL
+0.45%
TMB
N/A
10Y(CAGR)
FCAL
+2.54%
TMB
N/A
Max(CAGR)
Winner
FCAL
+2.54%
TMB
+1.43%
FCAL vs TMB - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | FCAL | TMB |
|---|---|---|
| 2026 | +1.54% | +0.22% |
| 2025 | +3.05% | N/A |
| 2024 | +1.84% | N/A |
| 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 TMB Drawdown Comparison
The maximum drawdown for FCAL was -14.81%, occurring on Mar 20, 2020. Recovery took 204 trading sessions.
The maximum drawdown for TMB was -0.67%, occurring on Jul 21, 2026. This drawdown has not yet recovered.
The current FCAL drawdown is -0.99%. The current TMB drawdown is -0.67%.
| Rank | FCAL | TMB |
|---|---|---|
| #1 | -14.81% Feb 28, 2020 - Dec 17, 2020 | -0.67% Jun 26, 2026 - Jul 21, 2026 |
| #2 | -14.44% Jul 20, 2021 - Nov 11, 2025 | -0.59% Jun 16, 2026 - Jun 26, 2026 |
| #3 | -2.96% Dec 29, 2017 - Dec 21, 2018 | -0.42% May 29, 2026 - Jun 11, 2026 |
| #4 | -2.57% Feb 27, 2026 - Jun 22, 2026 | -0.10% Jun 11, 2026 - Jun 15, 2026 |
| #5 | -2.28% Feb 12, 2021 - May 6, 2021 | N/A |
| #6 | -1.27% Aug 28, 2019 - Oct 8, 2019 | N/A |
| #7 | -1.10% Oct 9, 2019 - Dec 27, 2019 | N/A |
| #8 | -1.03% Dec 7, 2017 - Dec 28, 2017 | N/A |
| #9 | -0.99% Jul 2, 2026 - Jul 21, 2026 | N/A |
| #10 | -0.88% Aug 15, 2017 - Sep 12, 2017 | N/A |
| #11 | -0.71% Apr 15, 2019 - Apr 30, 2019 | N/A |
| #12 | -0.71% Sep 12, 2017 - Oct 19, 2017 | N/A |
| #13 | -0.65% Dec 28, 2018 - Jan 31, 2019 | N/A |
| #14 | -0.64% Nov 20, 2017 - Dec 5, 2017 | N/A |
| #15 | -0.58% Dec 21, 2018 - Dec 28, 2018 | N/A |
Correlation
Correlation between FCAL and TMB is 0.52 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.52
-101
Dividend Comparison (2017 - 2026)
FCAL vs TMB dividend yield comparison.
| Year | FCAL | TMB |
|---|---|---|
| 2026 | 2.02% | 0.72% |
| 2025 | 3.22% | 0.00% |
| 2024 | 2.99% | 0.00% |
| 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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