TAOZ vs JCAL

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

TAOZ vs JCAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

TAOZ

$502M

Winner

JCAL

$502M

Expense Ratio

TAOZ

0.79%

Winner

JCAL

0.34%

Max Drawdown

TAOZ

3.85%

Winner

JCAL

2.48%

Sharpe Ratio

Winner

TAOZ

2.59

JCAL

-3.34

5Y Beta

TAOZ

0.63

Winner

JCAL

0.09

P/E Ratio

TAOZ

23.59

JCAL

N/A

Forward P/E

TAOZ

17.52

JCAL

N/A

PEG Ratio

TAOZ

0.41

JCAL

N/A

5Y EPS CAGR

TAOZ

20.00%

JCAL

N/A

Debt to Equity

TAOZ

83.14%

JCAL

N/A

P/S Ratio

TAOZ

3.06

JCAL

N/A

P/B Ratio

TAOZ

4.30

JCAL

N/A

TAOZ vs JCAL - Historical Returns

Returns include dividend reinvestment.

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

Winner

TAOZ

+7.75%

JCAL

+0.23%

TAOZ

+8.19%

JCAL

N/A

Max(CAGR)

Winner

TAOZ

+41.06%

JCAL

-5.16%

TAOZ vs JCAL - Annual Returns (2026 - 2026)

Returns include dividend reinvestment.

Year	TAOZ	JCAL
2026	+14.74%	-1.02%

TAOZ vs JCAL Drawdown Comparison

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

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

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

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

Correlation

Correlation between TAOZ and JCAL 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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