TMB vs FCAL

Comparison between THORNBURG MULTI SECTOR BOND ETF (TMB, ETF) and FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF).

TMB vs FCAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TMB(ETF)	FCAL(ETF)
Net Assets	$224M	$224M
Expense Ratio	0.55%	0.49%
Max Drawdown	1.02%	16.86%
Sharpe Ratio	-0.70	1.22
5Y Beta	0.07	-0.00
5Y Dividends CAGR	N/A	7.91%

Net Assets

Winner

TMB

$224M

FCAL

$224M

Expense Ratio

TMB

0.55%

Winner

FCAL

0.49%

Max Drawdown

Winner

TMB

1.02%

FCAL

16.86%

Sharpe Ratio

TMB

-0.70

Winner

FCAL

1.22

5Y Beta

TMB

0.07

Winner

FCAL

-0.00

5Y Dividends CAGR

TMB

N/A

FCAL

7.91%

TMB vs FCAL - Historical Returns

Returns include dividend reinvestment.

Period	TMB	FCAL
1 month	+0.03%	-0.55%
3 months	N/A	+0.24%
6 months	N/A	+1.18%
1 year	N/A	+7.00%
5 years(CAGR)	N/A	+0.45%
10 years(CAGR)	N/A	+2.54%
Max(CAGR)	+1.43%	+2.54%

Winner

TMB

+0.03%

FCAL

-0.55%

TMB

N/A

FCAL

+0.24%

TMB

N/A

FCAL

+1.18%

TMB

N/A

FCAL

+7.00%

5Y(CAGR)

TMB

N/A

FCAL

+0.45%

10Y(CAGR)

TMB

N/A

FCAL

+2.54%

Max(CAGR)

TMB

+1.43%

Winner

FCAL

+2.54%

TMB vs FCAL - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	TMB	FCAL
2026	+0.22%	+1.54%
2025	N/A	+3.05%
2024	N/A	+1.84%
2023	N/A	+6.19%
2022	N/A	-9.40%
2021	N/A	+3.02%
2020	N/A	+3.39%
2019	N/A	+9.63%
2018	N/A	+1.01%
2017	N/A	+4.40%

TMB vs FCAL Drawdown Comparison

The maximum drawdown for TMB was -0.67%, occurring on Jul 21, 2026. This drawdown has not yet recovered.

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

The current TMB drawdown is -0.67%. The current FCAL drawdown is -0.99%.

Rank	TMB	FCAL
#1	-0.67% Jun 26, 2026 - Jul 21, 2026	-14.81% Feb 28, 2020 - Dec 17, 2020
#2	-0.59% Jun 16, 2026 - Jun 26, 2026	-14.44% Jul 20, 2021 - Nov 11, 2025
#3	-0.42% May 29, 2026 - Jun 11, 2026	-2.96% Dec 29, 2017 - Dec 21, 2018
#4	-0.10% Jun 11, 2026 - Jun 15, 2026	-2.57% Feb 27, 2026 - Jun 22, 2026
#5	N/A	-2.28% Feb 12, 2021 - May 6, 2021
#6	N/A	-1.27% Aug 28, 2019 - Oct 8, 2019
#7	N/A	-1.10% Oct 9, 2019 - Dec 27, 2019
#8	N/A	-1.03% Dec 7, 2017 - Dec 28, 2017
#9	N/A	-0.99% Jul 2, 2026 - Jul 21, 2026
#10	N/A	-0.88% Aug 15, 2017 - Sep 12, 2017
#11	N/A	-0.71% Apr 15, 2019 - Apr 30, 2019
#12	N/A	-0.71% Sep 12, 2017 - Oct 19, 2017
#13	N/A	-0.65% Dec 28, 2018 - Jan 31, 2019
#14	N/A	-0.64% Nov 20, 2017 - Dec 5, 2017
#15	N/A	-0.58% Dec 21, 2018 - Dec 28, 2018