FT vs FCAL

Comparison between Franklin Universal Trust (FT, ETF) and FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF).

5-Year PerformanceFT has outperformed FCAL, delivering a return of +7.1% compared to +0.6%

FT vs FCAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FT(ETF)	FCAL(ETF)
Net Assets	$221M	$220M
Expense Ratio	N/A	0.49%
Max Drawdown	65.18%	16.86%
Sharpe Ratio	1.01	1.13
5Y Beta	0.29	-0.00
5Y Dividends CAGR	5.84%	7.56%

Net Assets

Winner

$221M

FCAL

$220M

Expense Ratio

N/A

FCAL

0.49%

Max Drawdown

65.18%

Winner

FCAL

16.86%

Sharpe Ratio

1.01

Winner

FCAL

1.13

5Y Beta

0.29

Winner

FCAL

-0.00

5Y Dividends CAGR

5.84%

Winner

FCAL

7.56%

FT vs FCAL - Historical Returns

Returns include dividend reinvestment.

Period	FT	FCAL
1 month	-0.47%	+0.56%
3 months	+0.59%	+1.44%
6 months	+4.92%	+2.24%
1 year	+12.98%	+6.68%
5 years(CAGR)	+7.06%	+0.59%
10 years(CAGR)	+8.41%	+2.59%
Max(CAGR)	+7.27%	+2.59%

-0.47%

Winner

FCAL

+0.56%

+0.59%

Winner

FCAL

+1.44%

Winner

+4.92%

FCAL

+2.24%

Winner

+12.98%

FCAL

+6.68%

5Y(CAGR)

Winner

+7.06%

FCAL

+0.59%

10Y(CAGR)

Winner

+8.41%

FCAL

+2.59%

Max(CAGR)

Winner

+7.27%

FCAL

+2.59%

FT vs FCAL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FT	FCAL
2026	+2.28%	+1.76%
2025	+16.44%	+3.05%
2024	+17.47%	+1.84%
2023	+4.51%	+6.19%
2022	-13.44%	-9.40%
2021	+21.55%	+3.02%
2020	+1.47%	+3.39%
2019	+30.84%	+9.63%
2018	-5.40%	+1.01%
2017	+13.25%	+4.40%
2016	+24.94%	N/A
2015	-12.94%	N/A
2014	+10.27%	N/A
2013	+3.10%	N/A
2012	+12.59%	N/A
2011	+13.70%	N/A
2010	+17.58%	N/A
2009	+59.78%	N/A
2008	-40.85%	N/A
2007	+7.05%	N/A
2006	+21.52%	N/A
2005	+10.02%	N/A
2004	+10.93%	N/A
2003	+21.38%	N/A
2002	-29.73%	N/A
2001	+16.33%	N/A
2000	+12.12%	N/A
1999	-14.17%	N/A

FT vs FCAL Drawdown Comparison

The maximum drawdown for FT was -54.80%, occurring on Nov 20, 2008. Recovery took 708 trading sessions.

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

The current FT drawdown is -3.07%. The current FCAL drawdown is -0.32%.

Rank	FT	FCAL
#1	-54.80% May 16, 2007 - Mar 9, 2010	-14.81% Feb 28, 2020 - Dec 17, 2020
#2	-40.90% Feb 21, 2020 - May 3, 2021	-14.44% Jul 20, 2021 - Nov 11, 2025
#3	-40.83% Apr 15, 2002 - May 16, 2006	-2.96% Dec 29, 2017 - Dec 21, 2018
#4	-23.17% Dec 28, 2021 - Jul 31, 2024	-2.57% Feb 27, 2026 - Mar 27, 2026
#5	-22.90% Nov 5, 1999 - Jan 3, 2001	-2.28% Feb 12, 2021 - May 6, 2021
#6	-22.53% Mar 24, 2015 - May 26, 2016	-1.27% Aug 28, 2019 - Oct 8, 2019
#7	-18.10% Mar 9, 2001 - Nov 28, 2001	-1.10% Oct 9, 2019 - Dec 27, 2019
#8	-13.30% May 20, 2013 - Apr 16, 2014	-1.03% Dec 7, 2017 - Dec 28, 2017
#9	-12.55% Jul 7, 2011 - Oct 21, 2011	-0.88% Aug 15, 2017 - Sep 12, 2017
#10	-12.20% Sep 26, 2012 - Jan 29, 2013	-0.71% Apr 15, 2019 - Apr 30, 2019
#11	-10.78% Dec 6, 2017 - Feb 25, 2019	-0.71% Sep 12, 2017 - Oct 19, 2017
#12	-9.94% Apr 29, 2010 - Jul 20, 2010	-0.65% Dec 28, 2018 - Jan 31, 2019
#13	-9.44% Jul 22, 2016 - Jan 17, 2017	-0.64% Nov 20, 2017 - Dec 5, 2017
#14	-8.76% Mar 3, 2025 - Jun 12, 2025	-0.58% Dec 21, 2018 - Dec 28, 2018
#15	-7.68% Nov 3, 2014 - Jan 16, 2015	-0.57% Mar 29, 2019 - Apr 15, 2019

Correlation

Correlation between FT and FCAL is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2000 - 2026)

FT vs FCAL dividend yield comparison.

Year	FT	FCAL
2026	2.66%	1.43%
2025	6.37%	3.22%
2024	6.98%	2.99%
2023	7.67%	2.74%
2022	8.49%	2.38%
2021	6.00%	2.03%
2020	5.13%	2.11%
2019	4.95%	2.68%
2018	6.05%	2.99%
2017	5.36%	1.30%
2016	6.53%	0.00%
2015	8.28%	0.00%
2014	7.24%	0.00%
2013	6.64%	0.00%
2012	5.92%	0.00%
2011	6.82%	0.00%
2010	7.20%	0.00%
2009	7.86%	0.00%
2008	12.16%	0.00%
2007	6.60%	0.00%
2006	6.58%	0.00%
2005	6.82%	0.00%
2004	5.96%	0.00%
2003	6.79%	0.00%
2002	14.57%	0.00%
2001	9.85%	0.00%
2000	4.50%	0.00%