MMU vs FTCA
Comparison between Western Asset Managed Municipals Fund Inc (MMU, ETF) and Franklin California Municipal Income ETF (FTCA, ETF).
MMU vs FTCA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
MMU
$598M
FTCA
$596M
Expense Ratio
MMU
N/A
FTCA
0.35%
Max Drawdown
MMU
46.70%
Winner
FTCA
3.21%
Sharpe Ratio
Winner
MMU
0.77
FTCA
0.09
5Y Beta
MMU
0.18
Winner
FTCA
0.09
5Y Dividends CAGR
MMU
5.88%
FTCA
N/A
MMU vs FTCA - Historical Returns
Returns include dividend reinvestment.
1M
MMU
+0.15%
Winner
FTCA
+0.93%
3M
MMU
-1.96%
Winner
FTCA
+0.87%
6M
MMU
-0.42%
Winner
FTCA
+2.46%
1Y
MMU
+10.31%
FTCA
N/A
5Y(CAGR)
MMU
-0.57%
FTCA
N/A
10Y(CAGR)
MMU
+1.22%
FTCA
N/A
Max(CAGR)
Winner
MMU
+5.83%
FTCA
+3.96%
MMU vs FTCA - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MMU | FTCA |
|---|---|---|
| 2026 | -0.46% | +2.04% |
| 2025 | +6.96% | +0.06% |
| 2024 | +5.34% | N/A |
| 2023 | +4.91% | N/A |
| 2022 | -19.58% | N/A |
| 2021 | +6.24% | N/A |
| 2020 | +0.29% | N/A |
| 2019 | +5.60% | N/A |
| 2018 | -4.82% | N/A |
| 2017 | +8.30% | N/A |
| 2016 | +1.72% | N/A |
| 2015 | +10.34% | N/A |
| 2014 | +18.47% | N/A |
| 2013 | -11.35% | N/A |
| 2012 | +14.07% | N/A |
| 2011 | +20.27% | N/A |
| 2010 | +3.61% | N/A |
| 2009 | +37.35% | N/A |
| 2008 | -9.63% | N/A |
| 2007 | +3.15% | N/A |
| 2006 | +10.06% | N/A |
| 2005 | +3.14% | N/A |
| 2004 | +0.27% | N/A |
| 2003 | +14.43% | N/A |
| 2002 | +8.40% | N/A |
| 2001 | +7.38% | N/A |
| 2000 | +16.78% | N/A |
| 1999 | -6.08% | N/A |
MMU vs FTCA Drawdown Comparison
The maximum drawdown for MMU was -34.50%, occurring on Mar 18, 2020. This drawdown has not yet recovered.
The maximum drawdown for FTCA was -2.91%, occurring on Mar 24, 2026. Recovery took 65 trading sessions.
The current MMU drawdown is -7.32%. The current FTCA drawdown is -0.14%.
| Rank | MMU | FTCA |
|---|---|---|
| #1 | -34.50% Aug 8, 2019 - Mar 18, 2020 | -2.91% Feb 27, 2026 - Jun 2, 2026 |
| #2 | -32.11% May 28, 2008 - Apr 21, 2009 | -1.10% Nov 11, 2025 - Jan 2, 2026 |
| #3 | -26.42% Nov 26, 2012 - Mar 4, 2015 | -0.65% Oct 27, 2025 - Nov 11, 2025 |
| #4 | -16.43% Dec 20, 2017 - Feb 26, 2019 | -0.54% Jan 13, 2026 - Feb 4, 2026 |
| #5 | -14.63% Aug 23, 2016 - Dec 20, 2017 | -0.14% Jun 3, 2026 - Jun 5, 2026 |
| #6 | -13.52% Sep 10, 2010 - Sep 7, 2011 | -0.13% Feb 12, 2026 - Feb 17, 2026 |
| #7 | -12.27% Mar 8, 2004 - Nov 26, 2004 | -0.07% Feb 6, 2026 - Feb 10, 2026 |
| #8 | -9.50% Feb 9, 2012 - May 3, 2012 | N/A |
| #9 | -8.49% Nov 16, 1999 - Jun 22, 2000 | N/A |
| #10 | -7.74% Oct 6, 2009 - Jan 14, 2010 | N/A |
| #11 | -7.60% Apr 24, 2015 - Jul 29, 2015 | N/A |
| #12 | -7.25% Sep 7, 2001 - Nov 7, 2001 | N/A |
| #13 | -7.17% Jul 27, 2012 - Sep 21, 2012 | N/A |
| #14 | -7.06% May 14, 2007 - Jan 3, 2008 | N/A |
| #15 | -6.87% Oct 2, 2002 - May 14, 2003 | N/A |
Correlation
Correlation between MMU and FTCA is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.60
-101
Dividend Comparison (1999 - 2026)
MMU vs FTCA dividend yield comparison.
| Year | MMU | FTCA |
|---|---|---|
| 2026 | 2.69% | 1.61% |
| 2025 | 6.26% | 0.74% |
| 2024 | 6.16% | 0.00% |
| 2023 | 4.36% | 0.00% |
| 2022 | 4.65% | 0.00% |
| 2021 | 3.88% | 0.00% |
| 2020 | 4.21% | 0.00% |
| 2019 | 4.96% | 0.00% |
| 2018 | 5.68% | 0.00% |
| 2017 | 5.37% | 0.00% |
| 2016 | 5.67% | 0.00% |
| 2015 | 5.50% | 0.00% |
| 2014 | 5.74% | 0.00% |
| 2013 | 6.39% | 0.00% |
| 2012 | 5.43% | 0.00% |
| 2011 | 5.82% | 0.00% |
| 2010 | 6.40% | 0.00% |
| 2009 | 5.29% | 0.00% |
| 2008 | 5.79% | 0.00% |
| 2007 | 4.97% | 0.00% |
| 2006 | 5.16% | 0.00% |
| 2005 | 5.54% | 0.00% |
| 2004 | 6.35% | 0.00% |
| 2003 | 6.10% | 0.00% |
| 2002 | 5.87% | 0.00% |
| 2001 | 5.77% | 0.00% |
| 2000 | 6.04% | 0.00% |
| 1999 | 1.10% | 0.00% |
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