FCALvsCGMUETF Comparison
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First Trust California Municipal High Income ETF (FCAL) and Capital Group Municipal Income ETF (CGMU) belong to the same industry segment: Municipal Bonds. In contrast, CGMU's top sector exposures are Municipal. FCAL is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.27% for CGMU. FCAL is down -1.43% year-to-date (YTD) with +$20M in YTD flows. CGMU performs better with -1.36% YTD performance, and +$2.64B in YTD flows. Run a side-by-side ETF comparison of FCAL and CGMU 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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FCAL vs CGMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FCAL CGMU | -0.62%-0.28% | -4.20%-2.91% | -1.43%-1.36% | -0.70%-0.49% | +6.77%+13.41% | -2.88%n/a |
| Flows | FCAL CGMU | -$2M+$514M | +$122K+$1.03B | +$20M+$2.64B | +$30M+$3.20B | +$70M+$7.09B | +$124M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FCAL CGMU | +5.14%+4.29% | +3.26%+2.74% | +3.66%+3.16% | +3.62%n/a |
| Max drawdown | FCAL CGMU | -6.33%-5.06% | -6.78%-5.69% | -6.78%-5.69% | -13.87%n/a |
| Max drawdown duration | FCAL CGMU | 88d92d | 102d228d | 102d228d | 1610dn/a |
Trading data
FCAL | CGMU | |
Last sale 10/16/2026 at 1:30 PM | $46.95 | $26.36 |
| Previous close 10/15/2026 | $46.89 | $26.35 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FCAL | CGMU | |
|---|---|---|
| Last price | $46.95 | $26.36 |
| 1D performance | +0.13% | +0.04% |
| AuM | $211.15 M | $7.19 B |
| E/R | 0.49% | 0.27% |
Characteristics
FCAL | CGMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | Capital Group |
| Benchmark | - | - |
| N° of holdings | - | 639 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 20, 2017 | October 25, 2022 |
| ESG | No | No |
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Exposure
Countries
FCAL
Data will be available soon
CGMU
USA
38.11%
Other
61.89%
Sectors
FCAL
Data will be available soon
CGMU
Municipal
38.11%
Other
61.89%
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Diversification
FCAL
Data will be available soon
CGMU
Total weight of top 15 holdings out of 15
6.67%
Top 15 holdings
Data as of January 1, 1970
FCAL
Data will be available soon
CGMU
Puerto Rico, FRN 1nov2043, USD
0.76%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.64%
Black Belt Energy Gas District, 5.25% 1jun2036, USD (2026)
0.58%
US771902HN68
0.54%
City of New York, 9% 15aug2015, USD
0.52%
US09182TLC98
0.48%
California Community Choice Financing Authority, 5% 1jun2036, USD (2026F)
0.42%
Black Belt Energy Gas District, 5% 1jul2033, USD (2026)
0.41%
US57421CLT98
0.37%
US13034A7F19
0.36%
Texas Municipal Gas Acquisition and Supply Corp., 5.25% 1mar2037, USD (2026A)
0.34%
New Jersey Health Care Facilities Financing Authority, 5% 1jul2029, USD (2026A)
0.32%
US89602RKE44
0.31%
US19648FJ963
0.31%
Black Belt Energy Gas District, 5% 1jun2036, USD (2026)
0.31%
Frequently asked questions about FCAL and CGMU
How have the FCAL and CGMU ETFs performed in 2026?
As of October 15, 2026, FCAL is down -1.43% year-to-date (YTD), while CGMU has lost -1.36%. That puts CGMU better performer ahead so far this year.
Which ETF is attracting more investor money: FCAL or CGMU?
Year-to-date, the FCAL ETF saw +$20M in flows, compared to +$2.64B for CGMU.
Which ETF is more volatile: FCAL or CGMU?
Over the past year, FCAL had a volatility of 3.26%, while CGMU experienced 2.74%.
Which ETF is bigger: FCAL or CGMU?
As of October 15, 2026, FCAL holds $211.15 M in assets under management (AUM), while CGMU manages $7.19 B.
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