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 -1.42% year-to-date (YTD) with -$53M in YTD flows. FTCA performs worse with -4.86% YTD performance, and +$142M 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 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFCA FTCA | -0.25%-1.24% | -2.57%-5.77% | -1.42%-4.86% | -0.56%n/a | +7.63%n/a | n/an/a |
| Flows | DFCA FTCA | -$180M+$145M | -$157M+$113M | -$53M+$142M | +$6M- | +$368M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFCA FTCA | +3.74%+6.42% | +2.24%n/a | +2.42%n/a | n/an/a |
| Max drawdown | DFCA FTCA | -4.53%-7.86% | -4.89%n/a | -4.89%n/a | n/an/a |
| Max drawdown duration | DFCA FTCA | 92d92d | 228dn/a | 228dn/a | n/an/a |
Trading data
DFCA | FTCA | |
Last sale 10/19/2026 at 6:40 PM | $48.38 | $6.92 |
| Previous close 10/16/2026 | $48.39 | $6.93 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 6:40 PM
Live
Closed
DFCA | FTCA | |
|---|---|---|
| Last price | $48.38 | $6.92 |
| 1D performance | -0.03% | -0.14% |
| AuM | $522.39 M | $697.56 M |
| E/R | 0.19% | 0.35% |
Characteristics
DFCA | FTCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Dimensional | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 130 | 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
36.89%
Other
63.11%
FTCA
USA
36.47%
Other
63.53%
Sectors
DFCA
Municipal
36.89%
Other
63.11%
FTCA
Municipal
36.47%
Other
63.53%
Diversification
DFCA
Total weight of top 15 holdings out of 15
16.19%
FTCA
Total weight of top 15 holdings out of 15
19.13%
Top 15 holdings
Data as of August 31, 2026
DFCA
US072024YF30
2.25%
US544657JD25
1.84%
California, 5% 1apr2035, USD
1.53%
US769110DA28
1.32%
US797661G257
1.04%
City of Los Angeles, 5% 24jun2027, USD (2026)
0.96%
US544647HM52
0.91%
US797661D510
0.90%
California, 5% 1oct2042, USD
0.88%
California, 5% 1oct2029, USD
0.79%
US013079R2J7
0.77%
California, 5% 1mar2038, USD
0.77%
US797661F424
0.76%
California, 4% 1nov2036, USD
0.74%
US13077DYZ94
0.73%
FTCA
California Pollution Control Financing Authority, 5% 21nov2045, USD
1.79%
US30309HAA59
1.67%
Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016)
1.33%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024E)
1.31%
San Francisco Public Utilities Commission, 5% 1nov2053, USD (2023)
1.30%
US79728FLL30
1.29%
MSR Energy Authority, 6.5% 1nov2039, USD (2009A)
1.28%
Los Angeles Department of Water and Power, 5% 1jul2046, USD (2022)
1.28%
California Municipal Finance Authority, 4.2% 1aug2040, USD (2024)
1.26%
California Municipal Finance Authority, 3% 15may2051, USD
1.21%
Sweetwater Union High District, 5% 1aug2052, USD (2018)
1.19%
US130493CL10
1.07%
California, 5% 1oct2045, USD
1.07%
US13048VG510
1.05%
Alameda Corridor Transportation Authority, 0% 1oct2049, USD (2022A, 9941D)
1.04%
Frequently asked questions about DFCA and FTCA
How have the DFCA and FTCA ETFs performed in 2026?
As of October 15, 2026, DFCA is down -1.42% year-to-date (YTD), while FTCA has lost -4.86%. 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 -$53M in flows, compared to +$142M for FTCA.
Which ETF is bigger: DFCA or FTCA?
As of October 15, 2026, DFCA holds $522.39 M in assets under management (AUM), while FTCA manages $697.56 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 US072024YF30, US544657JD25 and California, 5% 1apr2035, USD. 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 490 securities with 16.19% of its assets in the top 15. FTCA has 288 securities and a top 15 weight of 19.13%.
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