GCAL vs BCTK

Comparison between GOLDMAN SACHS DYNAMIC CALIFORNIA MUNICIPAL INCOME ETF (GCAL, ETF) and BARON TECHNOLOGY ETF (BCTK, ETF).

GCAL vs BCTK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GCAL(ETF)	BCTK(ETF)
Net Assets	$165M	$165M
Expense Ratio	0.30%	0.75%
Max Drawdown	5.11%	13.96%
Sharpe Ratio	1.14	1.37
5Y Beta	0.01	1.88
P/E Ratio	N/A	22.03
Forward P/E	N/A	36.42
5Y EPS CAGR	N/A	33.61%
P/S Ratio	N/A	3.71
P/B Ratio	N/A	11.18

Net Assets

GCAL

$165M

BCTK

$165M

Expense Ratio

Winner

GCAL

0.30%

BCTK

0.75%

Max Drawdown

Winner

GCAL

5.11%

BCTK

13.96%

Sharpe Ratio

GCAL

1.14

Winner

BCTK

1.37

5Y Beta

Winner

GCAL

0.01

BCTK

1.88

P/E Ratio

GCAL

N/A

BCTK

22.03

Forward P/E

GCAL

N/A

BCTK

36.42

5Y EPS CAGR

GCAL

N/A

BCTK

33.61%

P/S Ratio

GCAL

N/A

BCTK

3.71

P/B Ratio

GCAL

N/A

BCTK

11.18

GCAL vs BCTK - Historical Returns

Returns include dividend reinvestment.

Period	GCAL	BCTK
1 month	+0.62%	+5.56%
3 months	+0.37%	+18.39%
6 months	+2.05%	+19.75%
1 year	+6.72%	N/A
Max(CAGR)	+4.21%	+46.62%

GCAL

+0.62%

Winner

BCTK

+5.56%

GCAL

+0.37%

Winner

BCTK

+18.39%

GCAL

+2.05%

Winner

BCTK

+19.75%

GCAL

+6.72%

BCTK

N/A

Max(CAGR)

GCAL

+4.21%

Winner

BCTK

+46.62%

GCAL vs BCTK - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	GCAL	BCTK
2026	+1.52%	+16.82%
2025	+4.44%	+1.80%
2024	+1.65%	N/A

GCAL vs BCTK Drawdown Comparison

The maximum drawdown for GCAL was -4.39%, occurring on Apr 11, 2025. Recovery took 130 trading sessions.

The maximum drawdown for BCTK was -13.96%, occurring on Mar 30, 2026. Recovery took 66 trading sessions.

The current GCAL drawdown is -0.35%. The current BCTK drawdown is -8.41%.

Rank	GCAL	BCTK
#1	-4.39% Mar 3, 2025 - Sep 8, 2025	-13.96% Jan 7, 2026 - Apr 14, 2026
#2	-2.24% Feb 27, 2026 - Mar 26, 2026	-8.41% Jun 2, 2026 - Jun 5, 2026
#3	-1.97% Dec 4, 2024 - Feb 25, 2025	-4.65% May 14, 2026 - May 26, 2026
#4	-1.92% Oct 1, 2024 - Dec 2, 2024	-2.86% Apr 24, 2026 - May 1, 2026
#5	-0.80% Aug 5, 2024 - Sep 4, 2024	-2.41% Dec 15, 2025 - Dec 19, 2025
#6	-0.45% Sep 17, 2025 - Oct 8, 2025	-2.18% Dec 26, 2025 - Jan 6, 2026
#7	-0.40% Nov 11, 2025 - Nov 25, 2025	-1.73% Apr 22, 2026 - Apr 24, 2026
#8	-0.36% Jan 16, 2026 - Jan 30, 2026	-1.36% May 11, 2026 - May 14, 2026
#9	-0.35% Nov 26, 2025 - Dec 18, 2025	-0.89% May 26, 2026 - May 28, 2026
#10	-0.27% Oct 24, 2025 - Nov 10, 2025	-0.60% Apr 17, 2026 - Apr 22, 2026
#11	-0.16% Sep 16, 2024 - Sep 27, 2024	-0.52% May 6, 2026 - May 8, 2026
#12	-0.14% Dec 24, 2025 - Dec 29, 2025	N/A
#13	-0.10% Oct 22, 2025 - Oct 24, 2025	N/A
#14	-0.09% Feb 25, 2025 - Feb 28, 2025	N/A
#15	-0.07% Oct 14, 2025 - Oct 16, 2025	N/A