FCEF vs CATF
Comparison between FIRST TRUST INCOME OPPORTUNITIES ETF (FCEF, ETF) and AMERICAN CENTURY CALIFORNIA MUNICIPAL BOND ETF (CATF, ETF).
FCEF vs CATF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FCEF
$75M
Winner
CATF
$75M
Expense Ratio
FCEF
3.69%
Winner
CATF
0.27%
Max Drawdown
FCEF
45.08%
Winner
CATF
6.21%
Sharpe Ratio
Winner
FCEF
1.36
CATF
1.22
5Y Beta
FCEF
0.52
Winner
CATF
0.03
5Y Dividends CAGR
FCEF
7.77%
CATF
N/A
FCEF vs CATF - Historical Returns
Returns include dividend reinvestment.
1M
FCEF
-0.60%
Winner
CATF
+0.61%
3M
Winner
FCEF
+2.35%
CATF
+0.27%
6M
Winner
FCEF
+6.06%
CATF
+2.12%
1Y
Winner
FCEF
+15.15%
CATF
+7.68%
5Y(CAGR)
FCEF
+5.64%
CATF
N/A
10Y(CAGR)
FCEF
+8.06%
CATF
N/A
Max(CAGR)
Winner
FCEF
+8.06%
CATF
+3.38%
FCEF vs CATF - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | FCEF | CATF |
|---|---|---|
| 2026 | +5.40% | +1.74% |
| 2025 | +14.75% | +3.52% |
| 2024 | +17.46% | +0.66% |
| 2023 | +9.76% | N/A |
| 2022 | -19.62% | N/A |
| 2021 | +20.61% | N/A |
| 2020 | +3.39% | N/A |
| 2019 | +27.64% | N/A |
| 2018 | -10.18% | N/A |
| 2017 | +14.94% | N/A |
| 2016 | +1.17% | N/A |
FCEF vs CATF Drawdown Comparison
The maximum drawdown for FCEF was -44.80%, occurring on Mar 18, 2020. Recovery took 224 trading sessions.
The maximum drawdown for CATF was -4.83%, occurring on Apr 11, 2025. Recovery took 189 trading sessions.
The current FCEF drawdown is -2.02%. The current CATF drawdown is -0.59%.
| Rank | FCEF | CATF |
|---|---|---|
| #1 | -44.80% Feb 19, 2020 - Jan 7, 2021 | -4.83% Dec 6, 2024 - Sep 11, 2025 |
| #2 | -25.29% Sep 7, 2021 - Jul 16, 2024 | -2.77% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -17.78% Aug 29, 2018 - Apr 5, 2019 | -2.32% Oct 1, 2024 - Dec 2, 2024 |
| #4 | -12.39% Feb 18, 2025 - Jun 3, 2025 | -0.83% Aug 2, 2024 - Sep 6, 2024 |
| #5 | -7.03% Mar 2, 2026 - Apr 30, 2026 | -0.76% Sep 16, 2025 - Oct 13, 2025 |
| #6 | -6.94% Oct 10, 2016 - Jan 5, 2017 | -0.60% Nov 28, 2025 - Jan 6, 2026 |
| #7 | -6.90% Jan 26, 2018 - Jul 24, 2018 | -0.57% Oct 27, 2025 - Nov 26, 2025 |
| #8 | -5.39% Dec 5, 2024 - Feb 5, 2025 | -0.38% Jul 18, 2024 - Jul 29, 2024 |
| #9 | -4.87% Jul 12, 2021 - Aug 12, 2021 | -0.33% Jan 15, 2026 - Jan 21, 2026 |
| #10 | -4.52% Jul 31, 2024 - Aug 19, 2024 | -0.23% Feb 10, 2026 - Feb 12, 2026 |
| #11 | -4.07% May 6, 2019 - Jun 18, 2019 | -0.17% Sep 16, 2024 - Sep 27, 2024 |
| #12 | -3.94% Jul 16, 2019 - Sep 13, 2019 | -0.15% Dec 2, 2024 - Dec 4, 2024 |
| #13 | -3.57% Oct 13, 2017 - Dec 28, 2017 | -0.14% Jan 21, 2026 - Jan 29, 2026 |
| #14 | -3.55% Aug 1, 2017 - Sep 18, 2017 | -0.12% Feb 5, 2026 - Feb 9, 2026 |
| #15 | -3.23% Feb 12, 2021 - Mar 15, 2021 | -0.10% Sep 27, 2024 - Oct 1, 2024 |
Correlation
Correlation between FCEF and CATF is 0.85 which considered as a strong positive correlation - the stocks tend to move together.
0.85
-101
Dividend Comparison (2016 - 2026)
FCEF vs CATF dividend yield comparison.
| Year | FCEF | CATF |
|---|---|---|
| 2026 | 2.90% | 1.53% |
| 2025 | 7.05% | 3.40% |
| 2024 | 7.13% | 1.32% |
| 2023 | 7.17% | 0.00% |
| 2022 | 7.26% | 0.00% |
| 2021 | 4.74% | 0.00% |
| 2020 | 5.03% | 0.00% |
| 2019 | 5.07% | 0.00% |
| 2018 | 5.96% | 0.00% |
| 2017 | 4.90% | 0.00% |
| 2016 | 1.51% | 0.00% |
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