DFCAvsFTCAETF Comparison
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Dimensional California Municipal Bond ETF (DFCA) and Franklin California Municipal Income ETF (FTCA) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. DFCA is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.35% for FTCA. DFCA is down -0.18% year-to-date (YTD) with +$133M in YTD flows. FTCA performs worse with -1.85% YTD performance, and -$8M in YTD flows. Run a side-by-side ETF comparison of DFCA and FTCA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DFCA vs FTCA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFCA FTCA | -0.52%-1.26% | -1.13%-3.01% | -0.18%-1.85% | +2.54%n/a | +7.50%n/a | n/an/a |
| Flows | DFCA FTCA | +$19M+$9M | +$47M-$31M | +$133M-$8M | +$239M- | +$560M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFCA FTCA | +1.72%+3.53% | +1.58%n/a | +2.28%n/a | n/an/a |
| Max drawdown | DFCA FTCA | -1.64%-3.84% | -1.73%n/a | -3.58%n/a | n/an/a |
| Max drawdown duration | DFCA FTCA | 57d64d | 184dn/a | 270dn/a | n/an/a |
Trading data
DFCA | FTCA | |
Last sale 9/3/2026 at 4:29 PM | $49.13 | $7.16 |
| Previous close 09/02/2026 | $49.13 | $7.14 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 4:29 PM
Live
Closed
DFCA | FTCA | |
|---|---|---|
| Last price | $49.13 | $7.16 |
| 1D performance | -0.01% | +0.21% |
| AuM | $720.67 M | $562.43 M |
| E/R | 0.19% | 0.35% |
Characteristics
DFCA | FTCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Dimensional | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 133 | 62 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 27, 2023 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
DFCA
USA
36.1%
Other
63.9%
FTCA
USA
37.5%
Other
62.5%
Sectors
DFCA
Municipal
36.1%
Other
63.9%
FTCA
Municipal
37.5%
Other
62.5%
Diversification
DFCA
Total weight of top 15 holdings out of 15
13.43%
FTCA
Total weight of top 15 holdings out of 15
19.62%
Top 15 holdings
Data as of July 31, 2026
DFCA
California, 5% 1apr2035, USD
1.53%
US769110DA28
1.32%
US797661G257
1.04%
US072024YF30
0.95%
US544647HM52
0.91%
US797661D510
0.90%
California, 5% 1oct2042, USD
0.88%
California, 5% 1oct2029, USD
0.79%
US013079R2J7
0.77%
US797661F424
0.76%
California, 4% 1nov2036, USD
0.75%
US544647JH40
0.73%
US013079QGW5
0.70%
US013079Q2R1
0.70%
University of California Medical Center, FRN 15may2045, USD
0.70%
FTCA
California Pollution Control Financing Authority, 5% 21nov2045, USD
1.82%
US30309HAA59
1.70%
Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016)
1.38%
California Municipal Finance Authority, 4.2% 1aug2040, USD (2024)
1.34%
San Francisco Public Utilities Commission, 5% 1nov2053, USD (2023)
1.33%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024E)
1.32%
US79728FLL30
1.31%
MSR Energy Authority, 6.5% 1nov2039, USD (2009A)
1.31%
Los Angeles Department of Water and Power, 5% 1jul2046, USD (2022)
1.30%
California Municipal Finance Authority, 3% 15may2051, USD
1.25%
Sweetwater Union High District, 5% 1aug2052, USD (2018)
1.24%
US130493CL10
1.10%
California, 5% 1oct2045, USD
1.09%
US13048VG510
1.07%
Alameda Corridor Transportation Authority, 0% 1oct2049, USD (2022A, 9941D)
1.06%
Frequently asked questions about DFCA and FTCA
How have the DFCA and FTCA ETFs performed in 2026?
As of September 1, 2026, DFCA is down -0.18% year-to-date (YTD), while FTCA has lost -1.85%. That puts DFCA better performer ahead so far this year.
Which ETF is attracting more investor money: DFCA or FTCA?
Year-to-date, the DFCA ETF saw +$133M in flows, compared to -$8M for FTCA.
Which ETF is bigger: DFCA or FTCA?
As of September 1, 2026, DFCA holds $720.67 M in assets under management (AUM), while FTCA manages $562.43 M.
What sectors do the DFCA and FTCA ETFs invest in?
DFCA leans toward sectors like Municipal. Meanwhile, FTCA focuses on Municipal.
What are the top holdings of the DFCA ETF and FTCA ETF?
DFCA top holdings include California, 5% 1apr2035, USD, US769110DA28 and US797661G257. FTCA holds in its top three: California Pollution Control Financing Authority, 5% 21nov2045, USD, US30309HAA59 and Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016).
Which ETF is more diversified: DFCA or FTCA?
DFCA holds 505 securities with 13.43% of its assets in the top 15. FTCA has 282 securities and a top 15 weight of 19.62%.
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