FTCA vs FSMB
Comparison between Franklin California Municipal Income ETF (FTCA, ETF) and FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF (FSMB, ETF).
FTCA vs FSMB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FTCA
$611M
Winner
FSMB
$611M
Expense Ratio
FTCA
0.35%
Winner
FSMB
0.34%
Max Drawdown
Winner
FTCA
3.21%
FSMB
7.98%
Sharpe Ratio
FTCA
0.03
Winner
FSMB
0.14
5Y Beta
FTCA
0.09
Winner
FSMB
-0.01
5Y Dividends CAGR
FTCA
N/A
FSMB
14.01%
FTCA vs FSMB - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FTCA
+0.72%
FSMB
+0.42%
3M
Winner
FTCA
+1.56%
FSMB
+0.32%
6M
Winner
FTCA
+2.81%
FSMB
+1.43%
1Y
FTCA
N/A
FSMB
+3.87%
5Y(CAGR)
FTCA
N/A
FSMB
+1.47%
Max(CAGR)
Winner
FTCA
+3.83%
FSMB
+2.18%
FTCA vs FSMB - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | FTCA | FSMB |
|---|---|---|
| 2026 | +2.04% | +1.15% |
| 2025 | +0.06% | +4.14% |
| 2024 | N/A | +2.35% |
| 2023 | N/A | +3.49% |
| 2022 | N/A | -3.93% |
| 2021 | N/A | +1.17% |
| 2020 | N/A | +3.44% |
| 2019 | N/A | +3.90% |
| 2018 | N/A | +0.61% |
FTCA vs FSMB Drawdown Comparison
The maximum drawdown for FTCA was -2.91%, occurring on Mar 24, 2026. Recovery took 65 trading sessions.
The maximum drawdown for FSMB was -6.32%, occurring on Mar 20, 2020. Recovery took 91 trading sessions.
The current FTCA drawdown is -0.14%. The current FSMB drawdown is -0.22%.
| Rank | FTCA | FSMB |
|---|---|---|
| #1 | -2.91% Feb 27, 2026 - Jun 2, 2026 | -6.32% Mar 6, 2020 - Jul 16, 2020 |
| #2 | -1.10% Nov 11, 2025 - Jan 2, 2026 | -5.97% Jul 28, 2021 - Jul 9, 2024 |
| #3 | -0.65% Oct 27, 2025 - Nov 11, 2025 | -1.76% Apr 3, 2025 - Jun 4, 2025 |
| #4 | -0.54% Jan 13, 2026 - Feb 4, 2026 | -1.29% Feb 26, 2026 - Mar 24, 2026 |
| #5 | -0.14% Jun 3, 2026 - Jun 5, 2026 | -0.93% Feb 10, 2021 - Apr 15, 2021 |
| #6 | -0.13% Feb 12, 2026 - Feb 17, 2026 | -0.82% Oct 2, 2024 - Nov 27, 2024 |
| #7 | -0.07% Feb 6, 2026 - Feb 10, 2026 | -0.80% Dec 9, 2024 - Jan 30, 2025 |
| #8 | N/A | -0.63% Aug 11, 2020 - Nov 4, 2020 |
| #9 | N/A | -0.55% Mar 10, 2025 - Apr 3, 2025 |
| #10 | N/A | -0.53% Aug 28, 2019 - Oct 9, 2019 |
| #11 | N/A | -0.39% Sep 17, 2025 - Nov 26, 2025 |
| #12 | N/A | -0.30% Feb 6, 2025 - Feb 21, 2025 |
| #13 | N/A | -0.29% Nov 1, 2019 - Nov 21, 2019 |
| #14 | N/A | -0.27% Apr 19, 2021 - May 25, 2021 |
| #15 | N/A | -0.27% Jan 6, 2020 - Jan 10, 2020 |
Correlation
Correlation between FTCA and FSMB is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2018 - 2026)
FTCA vs FSMB dividend yield comparison.
| Year | FTCA | FSMB |
|---|---|---|
| 2026 | 1.61% | 1.32% |
| 2025 | 0.74% | 3.09% |
| 2024 | 0.00% | 2.88% |
| 2023 | 0.00% | 2.40% |
| 2022 | 0.00% | 1.47% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.79% |
| 2019 | 0.00% | 2.27% |
| 2018 | 0.00% | 0.19% |
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