BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

FCALvsMUBETF Comparison

ETF 1

FCAL

First Trust California Municipal High Income ETF

This fund is part of

Municipal Bonds

-0%

Full FCAL fund page

VS

ETF 2

MUB

iShares National Muni Bond ETF

This fund is part of

Municipal Bonds

-0%

Full MUB fund page

First Trust California Municipal High Income ETF (FCAL) and iShares National Muni Bond ETF (MUB) belong to the same industry segment: Municipal Bonds. In contrast, MUB's top sector exposures are Municipal and Non-Corporate. FCAL is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.05% for MUB. FCAL is down -1.43% year-to-date (YTD) with +$20M in YTD flows. MUB performs worse with -2.03% YTD performance, and +$11.48B in YTD flows. Run a side-by-side ETF comparison of FCAL and MUB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

FCAL vs MUB performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/15/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FCAL MUB	-0.62%-0.14%	-4.20%-3.29%	-1.43%-2.03%	-0.70%-1.45%	+6.77%+6.25%	-2.88%-2.01%
Flows	FCAL MUB	-$2M+$6.47B	+$122K+$7.36B	+$20M+$11.48B	+$30M+$13.13B	+$70M+$16.57B	+$124M+$30.97B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FCAL MUB	+5.14%+5.07%	+3.26%+3.19%	+3.66%+3.67%	+3.62%+3.58%
Max drawdown	FCAL MUB	-6.33%-5.73%	-6.78%-6.40%	-6.78%-6.40%	-13.87%-11.55%
Max drawdown duration	FCAL MUB	88d92d	102d102d	102d102d	1610d1488d

Trading data

Create an account to view trading data

Join for free

	FCAL	MUB
Last sale 10/16/2026 at 1:30 PM	$46.95	$102.35
Previous close 10/15/2026	$46.89	$102.48
Consolidated volume 10/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 19, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

FCAL

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

	FCAL	MUB
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	FCAL	MUB
Last price	$46.95	$102.35
1D performance	+0.13%	-0.13%
AuM	$211.15 M	$51.05 B
E/R	0.49%	0.05%

Characteristics

	FCAL	MUB
Management strategy	Active	Passive
Provider	First Trust	iShares
Benchmark	-	ICE AMT-Free US National Municipal Index
N° of holdings	-	3823
Asset class	-	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	June 20, 2017	September 7, 2007
ESG	No	No

More FCAL data on Trackinsight

More MUB data on Trackinsight

Exposure

Countries

FCAL

Data will be available soon

MUB

USA

56.95%

Other

43.05%

Sectors

FCAL

Data will be available soon

MUB

Municipal

56.94%

Other

43.06%

Diversification

FCAL

Data will be available soon

MUB

Total weight of top 15 holdings out of 15

1.93%

Top 15 holdings

Data as of January 1, 1970

FCAL

Data will be available soon

MUB

University of Texas, 5% 15aug2036, USD (2025B)

0.19%

US79642GTU66

0.15%

US650028ZA41

0.15%

New York Dormitory Authority, 4% 15feb2047, USD (2019D)

0.13%

Houston Higher Education Finance Corp., 5% 15may2034, USD (2024)

0.13%

New Jersey, 5% 1jun2028, USD

0.13%

Northwest Independent School District, 5.25% 15feb2055, USD (2025)

0.13%

Ohio State University, 5% 1jun2035, USD (2026)

0.12%

California, 5% 1sep2031, USD

0.12%

US93974EVY93

0.12%

Illinois, 5% 1nov2027, USD (2017D)

0.11%

East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)

0.11%

Chicago Transit Authority, 5% 1dec2049, USD (2024A)

0.11%

US812643ZK32

0.11%

US89602RPH20

0.11%

Frequently asked questions about FCAL and MUB

FCALvsMUBETF Comparison

First Trust California Municipal High Income ETF

iShares National Muni Bond ETF

FCAL vs MUB performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FCAL and MUB ETFs performed in 2026?

As of October 15, 2026, FCAL is down -1.43% year-to-date (YTD), while MUB has lost -2.03%. That puts FCAL better performer ahead so far this year.

Which ETF is attracting more investor money: FCAL or MUB?

Year-to-date, the FCAL ETF saw +$20M in flows, compared to +$11.48B for MUB.

Which ETF is more volatile: FCAL or MUB?

Over the past year, FCAL had a volatility of 3.26%, while MUB experienced 3.19%.

Which ETF is bigger: FCAL or MUB?

As of October 15, 2026, FCAL holds $211.15 M in assets under management (AUM), while MUB manages $51.05 B.

The Weekly ETF Market Monitor (September 28-October 2, 2026)

Which Types of Bond ETFs Are the Most Tax Efficient?

Which ETFs do the Famous Investors Own?

A Look at Vanguard's New Short-Term Tax-Exempt Bond ETF

Investing in Municipal Bond ETFs

Investing in Municipal Bond ETFs

Expert-Built ETF Portfolios, All in One Place