JCAL vs TAOZ

Comparison between JPMorgan California Tax Free Bond ETF (JCAL, ETF) and THORNBURG AMERICAN OPPORTUNITIES FUND ETF CLASS (TAOZ, ETF).

JCAL vs TAOZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JCAL(ETF)	TAOZ(ETF)
Net Assets	$502M	$502M
Expense Ratio	0.34%	0.79%
Max Drawdown	2.48%	3.85%
Sharpe Ratio	-3.34	2.59
5Y Beta	0.09	0.63
P/E Ratio	N/A	23.59
Forward P/E	N/A	17.52
PEG Ratio	N/A	0.41
5Y EPS CAGR	N/A	20.00%
Debt to Equity	N/A	83.14%
P/S Ratio	N/A	3.06
P/B Ratio	N/A	4.30

Net Assets

Winner

JCAL

$502M

TAOZ

$502M

Expense Ratio

Winner

JCAL

0.34%

TAOZ

0.79%

Max Drawdown

Winner

JCAL

2.48%

TAOZ

3.85%

Sharpe Ratio

JCAL

-3.34

Winner

TAOZ

2.59

5Y Beta

Winner

JCAL

0.09

TAOZ

0.63

P/E Ratio

JCAL

N/A

TAOZ

23.59

Forward P/E

JCAL

N/A

TAOZ

17.52

PEG Ratio

JCAL

N/A

TAOZ

0.41

5Y EPS CAGR

JCAL

N/A

TAOZ

20.00%

Debt to Equity

JCAL

N/A

TAOZ

83.14%

P/S Ratio

JCAL

N/A

TAOZ

3.06

P/B Ratio

JCAL

N/A

TAOZ

4.30

JCAL vs TAOZ - Historical Returns

Returns include dividend reinvestment.

Period	JCAL	TAOZ
1 month	+0.23%	+7.75%
3 months	N/A	+8.19%
Max(CAGR)	-5.16%	+41.06%

JCAL

+0.23%

Winner

TAOZ

+7.75%

JCAL

N/A

TAOZ

+8.19%

Max(CAGR)

JCAL

-5.16%

Winner

TAOZ

+41.06%

JCAL vs TAOZ - Annual Returns (2026 - 2026)

Returns include dividend reinvestment.

Year	JCAL	TAOZ
2026	-1.02%	+14.74%

JCAL vs TAOZ Drawdown Comparison

The maximum drawdown for JCAL was -2.04%, occurring on Jul 23, 2026. This drawdown has not yet recovered.

The maximum drawdown for TAOZ was -3.85%, occurring on Apr 29, 2026. Recovery took 33 trading sessions.

The current JCAL drawdown is -1.68%. The current TAOZ drawdown is -0.09%.

Rank	JCAL	TAOZ
#1	-2.04% Jun 29, 2026 - Jul 23, 2026	-3.85% Apr 17, 2026 - Jun 4, 2026
#2	-0.12% Jun 18, 2026 - Jun 24, 2026	-3.26% Jul 16, 2026 - Jul 28, 2026
#3	-0.06% Jun 16, 2026 - Jun 18, 2026	-2.81% Jun 16, 2026 - Jul 6, 2026
#4	N/A	-2.29% Jun 4, 2026 - Jun 16, 2026
#5	N/A	-1.45% Aug 13, 2026 - Aug 18, 2026
#6	N/A	-1.30% Jul 7, 2026 - Jul 13, 2026
#7	N/A	-0.68% Jul 28, 2026 - Aug 3, 2026
#8	N/A	-0.62% Apr 9, 2026 - Apr 13, 2026
#9	N/A	-0.50% Apr 15, 2026 - Apr 17, 2026
#10	N/A	-0.18% Aug 11, 2026 - Aug 13, 2026
#11	N/A	-0.14% Apr 6, 2026 - Apr 8, 2026
#12	N/A	-0.13% Jul 14, 2026 - Jul 16, 2026
#13	N/A	-0.07% Aug 5, 2026 - Aug 7, 2026
#14	N/A	-0.02% Aug 7, 2026 - Aug 11, 2026

Correlation

Correlation between JCAL and TAOZ is -0.64 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.64

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