FTCA vs FMAT

Comparison between Franklin California Municipal Income ETF (FTCA, ETF) and FIDELITY MSCI MATERIALS INDEX ETF (FMAT, ETF).

FTCA vs FMAT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FTCA(ETF)	FMAT(ETF)
Net Assets	$622M	$624M
Expense Ratio	0.35%	0.08%
Max Drawdown	3.21%	43.86%
Sharpe Ratio	-0.17	0.55
5Y Beta	0.09	0.87
P/E Ratio	N/A	31.66
Forward P/E	N/A	17.30
5Y Dividends CAGR	N/A	4.94%
5Y EPS CAGR	N/A	17.94%
Debt to Equity	N/A	51.31%
P/S Ratio	N/A	2.03
P/B Ratio	N/A	2.97

Net Assets

FTCA

$622M

Winner

FMAT

$624M

Expense Ratio

FTCA

0.35%

Winner

FMAT

0.08%

Max Drawdown

Winner

FTCA

3.21%

FMAT

43.86%

Sharpe Ratio

FTCA

-0.17

Winner

FMAT

0.55

5Y Beta

Winner

FTCA

0.09

FMAT

0.87

P/E Ratio

FTCA

N/A

FMAT

31.66

Forward P/E

FTCA

N/A

FMAT

17.30

5Y Dividends CAGR

FTCA

N/A

FMAT

4.94%

5Y EPS CAGR

FTCA

N/A

FMAT

17.94%

Debt to Equity

FTCA

N/A

FMAT

51.31%

P/S Ratio

FTCA

N/A

FMAT

2.03

P/B Ratio

FTCA

N/A

FMAT

2.97

FTCA vs FMAT - Historical Returns

Returns include dividend reinvestment.

Period	FTCA	FMAT
1 month	-0.48%	-4.48%
3 months	+0.59%	-4.56%
6 months	+1.75%	-1.52%
1 year	N/A	+12.49%
5 years(CAGR)	N/A	+6.50%
10 years(CAGR)	N/A	+9.50%
Max(CAGR)	+3.16%	+8.56%

Winner

FTCA

-0.48%

FMAT

-4.48%

Winner

FTCA

+0.59%

FMAT

-4.56%

Winner

FTCA

+1.75%

FMAT

-1.52%

FTCA

N/A

FMAT

+12.49%

5Y(CAGR)

FTCA

N/A

FMAT

+6.50%

10Y(CAGR)

FTCA

N/A

FMAT

+9.50%

Max(CAGR)

FTCA

+3.16%

Winner

FMAT

+8.56%

FTCA vs FMAT - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	FTCA	FMAT
2026	+1.96%	+6.36%
2025	+0.06%	+13.29%
2024	N/A	+0.84%
2023	N/A	+13.85%
2022	N/A	-10.66%
2021	N/A	+28.83%
2020	N/A	+20.79%
2019	N/A	+22.83%
2018	N/A	-18.83%
2017	N/A	+22.61%
2016	N/A	+23.44%
2015	N/A	-10.02%
2014	N/A	+6.47%
2013	N/A	+5.12%

FTCA vs FMAT Drawdown Comparison

The maximum drawdown for FTCA was -2.91%, occurring on Mar 24, 2026. Recovery took 65 trading sessions.

The maximum drawdown for FMAT was -41.08%, occurring on Mar 23, 2020. Recovery took 654 trading sessions.

The current FTCA drawdown is -1.08%. The current FMAT drawdown is -8.19%.

Rank	FTCA	FMAT
#1	-2.91% Feb 27, 2026 - Jun 2, 2026	-41.08% Jan 26, 2018 - Sep 1, 2020
#2	-1.10% Nov 11, 2025 - Jan 2, 2026	-27.23% Feb 24, 2015 - Nov 15, 2016
#3	-1.08% Jul 2, 2026 - Jul 21, 2026	-25.40% Apr 20, 2022 - Feb 29, 2024
#4	-0.65% Oct 27, 2025 - Nov 11, 2025	-23.17% Oct 18, 2024 - Dec 26, 2025
#5	-0.54% Jan 13, 2026 - Feb 4, 2026	-13.47% Feb 27, 2026 - Mar 20, 2026
#6	-0.27% Jun 25, 2026 - Jul 2, 2026	-12.14% Sep 5, 2014 - Feb 12, 2015
#7	-0.14% Jun 3, 2026 - Jun 16, 2026	-10.68% Jan 4, 2022 - Mar 25, 2022
#8	-0.14% Jun 16, 2026 - Jun 18, 2026	-10.63% May 17, 2021 - Nov 8, 2021
#9	-0.13% Feb 12, 2026 - Feb 17, 2026	-9.11% Jan 12, 2021 - Mar 10, 2021
#10	-0.07% Feb 6, 2026 - Feb 10, 2026	-7.81% Sep 17, 2020 - Oct 9, 2020
#11	-0.07% Jun 18, 2026 - Jun 24, 2026	-7.72% Nov 12, 2021 - Dec 29, 2021
#12	N/A	-6.81% Apr 9, 2024 - Jul 31, 2024
#13	N/A	-6.69% Dec 31, 2013 - Feb 14, 2014
#14	N/A	-6.65% Oct 12, 2020 - Nov 3, 2020
#15	N/A	-6.57% Jul 31, 2024 - Aug 26, 2024

Correlation

Correlation between FTCA and FMAT is 0.76 which considered as a strong positive correlation - the stocks tend to move together.

0.76

-101

Dividend Comparison (2013 - 2026)

FTCA vs FMAT dividend yield comparison.

Year	FTCA	FMAT
2026	1.95%	0.72%
2025	0.74%	1.64%
2024	0.00%	1.68%
2023	0.00%	1.71%
2022	0.00%	2.00%
2021	0.00%	1.44%
2020	0.00%	1.73%
2019	0.00%	1.89%
2018	0.00%	2.18%
2017	0.00%	1.53%
2016	0.00%	1.78%
2015	0.00%	2.16%
2014	0.00%	1.65%
2013	0.00%	0.39%