GF vs FCAL

Comparison between New Germany Fund Inc (GF, ETF) and FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF).

5-Year PerformanceFCAL has outperformed GF, delivering a return of +0.6% compared to -3.5%

GF vs FCAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GF(ETF)	FCAL(ETF)
Net Assets	$220M	$220M
Expense Ratio	N/A	0.49%
Max Drawdown	82.34%	16.86%
Sharpe Ratio	-0.06	1.13
5Y Beta	0.65	-0.00
5Y Dividends CAGR	-37.02%	7.56%

Net Assets

$220M

Winner

FCAL

$220M

Expense Ratio

N/A

FCAL

0.49%

Max Drawdown

82.34%

Winner

FCAL

16.86%

Sharpe Ratio

-0.06

Winner

FCAL

1.13

5Y Beta

0.65

Winner

FCAL

-0.00

5Y Dividends CAGR

-37.02%

Winner

FCAL

7.56%

GF vs FCAL - Historical Returns

Returns include dividend reinvestment.

Period	GF	FCAL
1 month	+0.17%	+0.56%
3 months	+8.11%	+1.44%
6 months	+5.46%	+2.24%
1 year	+0.21%	+6.68%
5 years(CAGR)	-3.48%	+0.59%
10 years(CAGR)	+8.73%	+2.59%
Max(CAGR)	+7.77%	+2.59%

+0.17%

Winner

FCAL

+0.56%

Winner

+8.11%

FCAL

+1.44%

Winner

+5.46%

FCAL

+2.24%

+0.21%

Winner

FCAL

+6.68%

5Y(CAGR)

-3.48%

Winner

FCAL

+0.59%

10Y(CAGR)

Winner

+8.73%

FCAL

+2.59%

Max(CAGR)

Winner

+7.77%

FCAL

+2.59%

GF vs FCAL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GF	FCAL
2026	+2.27%	+1.76%
2025	+48.90%	+3.05%
2024	-9.49%	+1.84%
2023	+8.90%	+6.19%
2022	-43.55%	-9.40%
2021	+6.54%	+3.02%
2020	+37.06%	+3.39%
2019	+36.21%	+9.63%
2018	-21.95%	+1.01%
2017	+54.35%	+4.40%
2016	-0.00%	N/A
2015	+14.42%	N/A
2014	-4.53%	N/A
2013	+54.91%	N/A
2012	+26.96%	N/A
2011	-16.70%	N/A
2010	+28.66%	N/A
2009	+43.94%	N/A
2008	-52.43%	N/A
2007	+23.74%	N/A
2006	+42.95%	N/A
2005	+19.10%	N/A
2004	+29.10%	N/A
2003	+93.19%	N/A
2002	-40.54%	N/A
2001	-33.86%	N/A
2000	-12.69%	N/A
1999	+2.60%	N/A

GF vs FCAL Drawdown Comparison

The maximum drawdown for GF was -79.37%, occurring on Oct 9, 2002. Recovery took 1508 trading sessions.

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

The current GF drawdown is -18.19%. The current FCAL drawdown is -0.32%.

Rank	GF	FCAL
#1	-79.37% Mar 16, 2000 - Mar 17, 2006	-14.81% Feb 28, 2020 - Dec 17, 2020
#2	-71.09% Jul 13, 2007 - Apr 6, 2011	-14.44% Jul 20, 2021 - Nov 11, 2025
#3	-53.72% Sep 13, 2021 - Oct 14, 2022	-2.96% Dec 29, 2017 - Dec 21, 2018
#4	-40.75% Jan 22, 2020 - Jun 5, 2020	-2.57% Feb 27, 2026 - Mar 27, 2026
#5	-34.95% May 2, 2011 - Jan 23, 2013	-2.28% Feb 12, 2021 - May 6, 2021
#6	-31.09% Jan 23, 2018 - Jan 2, 2020	-1.27% Aug 28, 2019 - Oct 8, 2019
#7	-24.93% May 10, 2006 - Jan 3, 2007	-1.10% Oct 9, 2019 - Dec 27, 2019
#8	-21.60% Jun 9, 2014 - Mar 2, 2015	-1.03% Dec 7, 2017 - Dec 28, 2017
#9	-18.84% May 22, 2015 - Jan 25, 2017	-0.88% Aug 15, 2017 - Sep 12, 2017
#10	-10.54% Feb 26, 2007 - Mar 26, 2007	-0.71% Apr 15, 2019 - Apr 30, 2019
#11	-9.90% Oct 12, 2020 - Nov 9, 2020	-0.71% Sep 12, 2017 - Oct 19, 2017
#12	-9.61% Nov 10, 1999 - Jan 10, 2000	-0.65% Dec 28, 2018 - Jan 31, 2019
#13	-8.80% Dec 27, 2013 - Jun 9, 2014	-0.64% Nov 20, 2017 - Dec 5, 2017
#14	-7.81% Jun 18, 2013 - Jul 29, 2013	-0.58% Dec 21, 2018 - Dec 28, 2018
#15	-7.69% Jun 8, 2020 - Jul 2, 2020	-0.57% Mar 29, 2019 - Apr 15, 2019

Correlation

Correlation between GF and FCAL is 0.72 which considered as a strong positive correlation - the stocks tend to move together.

0.72

-101

Dividend Comparison (2000 - 2026)

GF vs FCAL dividend yield comparison.

Year	GF	FCAL
2026	1.33%	1.43%
2025	1.30%	3.22%
2024	0.92%	2.99%
2023	0.80%	2.74%
2022	9.74%	2.38%
2021	39.51%	2.03%
2020	12.92%	2.11%
2019	3.29%	2.68%
2018	31.23%	2.99%
2017	3.82%	1.30%
2016	9.05%	0.00%
2015	8.37%	0.00%
2014	30.90%	0.00%
2013	22.48%	0.00%
2012	4.07%	0.00%
2011	8.66%	0.00%
2010	0.75%	0.00%
2009	1.48%	0.00%
2008	2.33%	0.00%
2007	3.40%	0.00%
2006	1.42%	0.00%
2005	5.40%	0.00%
2004	3.09%	0.00%
2003	0.35%	0.00%
2000	19.49%	0.00%