GHYG vs FCAL

Comparison between ISHARES US & INTL HIGH YIELD CORP BOND ETF (GHYG, ETF) and FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF).

5-Year PerformanceGHYG has outperformed FCAL, delivering a return of +3.2% compared to +0.8%

GHYG vs FCAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GHYG(ETF)	FCAL(ETF)
Net Assets	$205M	$205M
Expense Ratio	0.40%	0.49%
Max Drawdown	34.19%	16.86%
Sharpe Ratio	0.45	1.06
5Y Beta	0.20	-0.00
5Y Dividends CAGR	4.40%	7.56%

Net Assets

Winner

GHYG

$205M

FCAL

$205M

Expense Ratio

Winner

GHYG

0.40%

FCAL

0.49%

Max Drawdown

GHYG

34.19%

Winner

FCAL

16.86%

Sharpe Ratio

GHYG

0.45

Winner

FCAL

1.06

5Y Beta

GHYG

0.20

Winner

FCAL

-0.00

5Y Dividends CAGR

GHYG

4.40%

Winner

FCAL

7.56%

GHYG vs FCAL - Historical Returns

Returns include dividend reinvestment.

Period	GHYG	FCAL
1 month	-0.15%	+0.67%
3 months	+0.45%	+0.40%
6 months	+0.90%	+2.25%
1 year	+5.63%	+6.83%
5 years(CAGR)	+3.17%	+0.79%
10 years(CAGR)	+4.71%	+2.60%
Max(CAGR)	+4.54%	+2.60%

GHYG

-0.15%

Winner

FCAL

+0.67%

Winner

GHYG

+0.45%

FCAL

+0.40%

GHYG

+0.90%

Winner

FCAL

+2.25%

GHYG

+5.63%

Winner

FCAL

+6.83%

5Y(CAGR)

Winner

GHYG

+3.17%

FCAL

+0.79%

10Y(CAGR)

Winner

GHYG

+4.71%

FCAL

+2.60%

Max(CAGR)

Winner

GHYG

+4.54%

FCAL

+2.60%

GHYG vs FCAL - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	GHYG	FCAL
2026	+0.09%	+1.74%
2025	+11.24%	+3.05%
2024	+6.38%	+1.84%
2023	+13.31%	+6.19%
2022	-11.97%	-9.40%
2021	+1.85%	+3.02%
2020	+6.35%	+3.39%
2019	+14.32%	+9.63%
2018	-4.23%	+1.01%
2017	+8.65%	+4.40%
2016	+13.79%	N/A
2015	-6.46%	N/A
2014	-2.17%	N/A
2013	+7.28%	N/A
2012	+10.21%	N/A

GHYG vs FCAL Drawdown Comparison

The maximum drawdown for GHYG was -27.37%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.

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

The current GHYG drawdown is -1.24%. The current FCAL drawdown is -0.34%.

Rank	GHYG	FCAL
#1	-27.37% Jan 15, 2020 - Aug 6, 2020	-14.81% Feb 28, 2020 - Dec 17, 2020
#2	-20.44% Sep 15, 2021 - Jun 5, 2024	-14.44% Jul 20, 2021 - Nov 11, 2025
#3	-15.53% Jul 1, 2014 - Jan 4, 2017	-2.96% Dec 29, 2017 - Dec 21, 2018
#4	-7.88% Jan 26, 2018 - Feb 27, 2019	-2.57% Feb 27, 2026 - Mar 27, 2026
#5	-5.68% May 14, 2013 - Oct 17, 2013	-2.28% Feb 12, 2021 - May 6, 2021
#6	-4.70% May 1, 2012 - Aug 1, 2012	-1.27% Aug 28, 2019 - Oct 8, 2019
#7	-4.15% Mar 19, 2025 - Apr 23, 2025	-1.10% Oct 9, 2019 - Dec 27, 2019
#8	-3.84% Jan 27, 2026 - Mar 27, 2026	-1.03% Dec 7, 2017 - Dec 28, 2017
#9	-3.07% Sep 1, 2020 - Oct 12, 2020	-0.88% Aug 15, 2017 - Sep 12, 2017
#10	-2.67% Apr 29, 2021 - May 7, 2021	-0.71% Apr 15, 2019 - Apr 30, 2019
#11	-2.49% Sep 26, 2024 - Feb 5, 2025	-0.71% Sep 12, 2017 - Oct 19, 2017
#12	-2.14% Oct 12, 2020 - Nov 5, 2020	-0.65% Dec 28, 2018 - Jan 31, 2019
#13	-2.10% Apr 23, 2019 - Jun 19, 2019	-0.64% Nov 20, 2017 - Dec 5, 2017
#14	-1.97% Sep 14, 2012 - Oct 17, 2012	-0.58% Dec 21, 2018 - Dec 28, 2018
#15	-1.96% Oct 18, 2012 - Dec 4, 2012	-0.57% Mar 29, 2019 - Apr 15, 2019

Correlation

Correlation between GHYG and FCAL is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2012 - 2026)

GHYG vs FCAL dividend yield comparison.

Year	GHYG	FCAL
2026	2.56%	1.43%
2025	6.03%	3.22%
2024	6.11%	2.99%
2023	5.60%	2.74%
2022	4.64%	2.38%
2021	4.57%	2.03%
2020	4.36%	2.11%
2019	4.61%	2.68%
2018	5.62%	2.99%
2017	4.60%	1.30%
2016	4.61%	0.00%
2015	4.79%	0.00%
2014	5.73%	0.00%
2013	5.52%	0.00%
2012	4.38%	0.00%