JCAL vs TXUE

Comparison between JPMorgan California Tax Free Bond ETF (JCAL, ETF) and THORNBURG INTERNATIONAL EQUITY ETF (TXUE, ETF).

JCAL vs TXUE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JCAL(ETF)	TXUE(ETF)
Net Assets	$510M	$507M
Expense Ratio	0.34%	0.65%
Max Drawdown	1.39%	12.97%
Sharpe Ratio	-3.88	1.10
5Y Beta	0.05	0.66

Net Assets

Winner

JCAL

$510M

TXUE

$507M

Expense Ratio

Winner

JCAL

0.34%

TXUE

0.65%

Max Drawdown

Winner

JCAL

1.39%

TXUE

12.97%

Sharpe Ratio

JCAL

-3.88

Winner

TXUE

1.10

5Y Beta

Winner

JCAL

0.05

TXUE

0.66

JCAL vs TXUE - Historical Returns

Returns include dividend reinvestment.

Period	JCAL	TXUE
1 month	-0.64%	+0.77%
3 months	N/A	+3.57%
6 months	N/A	+8.29%
1 year	N/A	+19.35%
Max(CAGR)	-4.55%	+25.07%

JCAL

-0.64%

Winner

TXUE

+0.77%

JCAL

N/A

TXUE

+3.57%

JCAL

N/A

TXUE

+8.29%

JCAL

N/A

TXUE

+19.35%

Max(CAGR)

JCAL

-4.55%

Winner

TXUE

+25.07%

JCAL vs TXUE - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	JCAL	TXUE
2026	-0.46%	+10.30%
2025	N/A	+25.67%

JCAL vs TXUE Drawdown Comparison

The maximum drawdown for JCAL was -1.12%, occurring on Jul 21, 2026. This drawdown has not yet recovered.

The maximum drawdown for TXUE was -12.97%, occurring on Apr 7, 2025. Recovery took 31 trading sessions.

The current JCAL drawdown is -1.12%. The current TXUE drawdown is -0.64%.

Rank	JCAL	TXUE
#1	-1.12% Jun 29, 2026 - Jul 21, 2026	-12.97% Mar 19, 2025 - May 2, 2025
#2	-0.12% Jun 18, 2026 - Jun 24, 2026	-11.14% Feb 26, 2026 - Jul 6, 2026
#3	-0.06% Jun 16, 2026 - Jun 18, 2026	-4.45% Nov 12, 2025 - Dec 4, 2025
#4	N/A	-3.78% Jul 23, 2025 - Aug 13, 2025
#5	N/A	-3.12% Aug 22, 2025 - Oct 3, 2025
#6	N/A	-2.87% Jun 12, 2025 - Jun 27, 2025
#7	N/A	-2.83% Oct 6, 2025 - Nov 11, 2025
#8	N/A	-2.39% Jan 30, 2025 - Feb 13, 2025
#9	N/A	-2.37% May 7, 2025 - May 19, 2025
#10	N/A	-2.25% Jul 10, 2025 - Jul 23, 2025
#11	N/A	-2.22% Mar 7, 2025 - Mar 14, 2025
#12	N/A	-1.55% Jul 6, 2026 - Jul 20, 2026
#13	N/A	-1.47% May 27, 2025 - Jun 10, 2025
#14	N/A	-1.36% Jan 16, 2026 - Jan 23, 2026
#15	N/A	-1.28% Jul 2, 2025 - Jul 10, 2025

Correlation

Correlation between JCAL and TXUE is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

-101