FTNJ vs GCAL
Comparison between Franklin New Jersey Municipal Income ETF (FTNJ, ETF) and GOLDMAN SACHS DYNAMIC CALIFORNIA MUNICIPAL INCOME ETF (GCAL, ETF).
FTNJ vs GCAL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FTNJ
$173M
GCAL
$173M
Expense Ratio
FTNJ
0.35%
Winner
GCAL
0.30%
Max Drawdown
Winner
FTNJ
2.98%
GCAL
5.11%
Sharpe Ratio
FTNJ
-0.38
Winner
GCAL
0.95
5Y Beta
FTNJ
0.10
Winner
GCAL
0.01
FTNJ vs GCAL - Historical Returns
Returns include dividend reinvestment.
1M
FTNJ
-1.25%
Winner
GCAL
-1.08%
3M
FTNJ
-0.60%
Winner
GCAL
-0.50%
6M
Winner
FTNJ
+0.47%
GCAL
+0.16%
1Y
FTNJ
N/A
GCAL
+5.35%
Max(CAGR)
FTNJ
+1.65%
Winner
GCAL
+3.47%
FTNJ vs GCAL - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | FTNJ | GCAL |
|---|---|---|
| 2026 | +0.75% | +0.65% |
| 2025 | +0.34% | +4.44% |
| 2024 | N/A | +1.65% |
FTNJ vs GCAL Drawdown Comparison
The maximum drawdown for FTNJ was -2.72%, occurring on Mar 27, 2026. Recovery took 68 trading sessions.
The maximum drawdown for GCAL was -4.39%, occurring on Apr 11, 2025. Recovery took 130 trading sessions.
The current FTNJ drawdown is -1.71%. The current GCAL drawdown is -1.54%.
| Rank | FTNJ | GCAL |
|---|---|---|
| #1 | -2.72% Feb 26, 2026 - Jun 4, 2026 | -4.39% Mar 3, 2025 - Sep 8, 2025 |
| #2 | -1.71% Jul 1, 2026 - Jul 23, 2026 | -2.24% Feb 27, 2026 - Jun 26, 2026 |
| #3 | -0.67% Nov 11, 2025 - Dec 29, 2025 | -1.97% Dec 4, 2024 - Feb 25, 2025 |
| #4 | -0.40% Jan 15, 2026 - Jan 26, 2026 | -1.92% Oct 1, 2024 - Dec 2, 2024 |
| #5 | -0.28% Jun 4, 2026 - Jun 18, 2026 | -1.54% Jul 2, 2026 - Jul 23, 2026 |
| #6 | -0.23% Jan 28, 2026 - Feb 2, 2026 | -0.80% Aug 5, 2024 - Sep 4, 2024 |
| #7 | -0.23% Feb 5, 2026 - Feb 10, 2026 | -0.45% Sep 17, 2025 - Oct 8, 2025 |
| #8 | -0.23% Feb 17, 2026 - Feb 23, 2026 | -0.40% Nov 11, 2025 - Nov 25, 2025 |
| #9 | -0.14% Dec 29, 2025 - Jan 2, 2026 | -0.36% Jan 16, 2026 - Jan 30, 2026 |
| #10 | -0.11% Jan 9, 2026 - Jan 15, 2026 | -0.35% Nov 26, 2025 - Dec 18, 2025 |
| #11 | -0.06% Jan 26, 2026 - Jan 28, 2026 | -0.27% Oct 24, 2025 - Nov 10, 2025 |
| #12 | N/A | -0.16% Sep 16, 2024 - Sep 27, 2024 |
| #13 | N/A | -0.14% Dec 24, 2025 - Dec 29, 2025 |
| #14 | N/A | -0.10% Oct 22, 2025 - Oct 24, 2025 |
| #15 | N/A | -0.09% Feb 25, 2025 - Feb 28, 2025 |
Correlation
Correlation between FTNJ and GCAL is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2024 - 2026)
FTNJ vs GCAL dividend yield comparison.
| Year | FTNJ | GCAL |
|---|---|---|
| 2026 | 1.76% | 1.82% |
| 2025 | 0.54% | 3.06% |
| 2024 | 0.00% | 1.41% |
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