FTCAvsDFCAETF Comparison
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Franklin California Municipal Income ETF (FTCA) and Dimensional California Municipal Bond ETF (DFCA) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTCA is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.19% for DFCA. FTCA is down -4.86% year-to-date (YTD) with +$142M in YTD flows. DFCA performs better with -1.42% YTD performance, and -$53M in YTD flows. Run a side-by-side ETF comparison of FTCA and DFCA 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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FTCA vs DFCA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTCA DFCA | -1.24%-0.25% | -5.77%-2.57% | -4.86%-1.42% | n/a-0.56% | n/a+7.63% | n/an/a |
| Flows | FTCA DFCA | +$145M-$180M | +$113M-$157M | +$142M-$53M | -+$6M | -+$368M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTCA DFCA | +6.42%+3.74% | n/a+2.24% | n/a+2.42% | n/an/a |
| Max drawdown | FTCA DFCA | -7.86%-4.53% | n/a-4.89% | n/a-4.89% | n/an/a |
| Max drawdown duration | FTCA DFCA | 92d92d | n/a228d | n/a228d | n/an/a |
Trading data
FTCA | DFCA | |
Last sale 10/16/2026 at 1:30 PM | $6.93 | $48.39 |
| Previous close 10/15/2026 | $6.94 | $48.28 |
| 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
FTCA | DFCA | |
|---|---|---|
| Last price | $6.93 | $48.39 |
| 1D performance | -0.14% | +0.23% |
| AuM | $697.56 M | $522.39 M |
| E/R | 0.35% | 0.19% |
Characteristics
FTCA | DFCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Dimensional |
| Benchmark | - | - |
| N° of holdings | 62 | 130 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | June 27, 2023 |
| ESG | No | No |
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Exposure
Countries
FTCA
USA
36.47%
Other
63.53%
DFCA
USA
36.89%
Other
63.11%
Sectors
FTCA
Municipal
36.47%
Other
63.53%
DFCA
Municipal
36.89%
Other
63.11%
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Diversification
FTCA
Total weight of top 15 holdings out of 15
19.13%
DFCA
Total weight of top 15 holdings out of 15
16.19%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about FTCA and DFCA
How have the FTCA and DFCA ETFs performed in 2026?
As of October 16, 2026, FTCA is down -4.86% year-to-date (YTD), while DFCA has lost -1.42%. That puts DFCA better performer ahead so far this year.
Which ETF is attracting more investor money: FTCA or DFCA?
Year-to-date, the FTCA ETF saw +$142M in flows, compared to -$53M for DFCA.
Which ETF is bigger: FTCA or DFCA?
As of October 16, 2026, FTCA holds $697.56 M in assets under management (AUM), while DFCA manages $522.39 M.
What sectors do the FTCA and DFCA ETFs invest in?
FTCA leans toward sectors like Municipal. Meanwhile, DFCA focuses on Municipal.
What are the top holdings of the FTCA ETF and DFCA ETF?
FTCA top holdings include California Pollution Control Financing Authority, 5% 21nov2045, USD, US30309HAA59 and Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016). DFCA holds in its top three: US072024YF30, US544657JD25 and California, 5% 1apr2035, USD.
Which ETF is more diversified: FTCA or DFCA?
FTCA holds 288 securities with 19.13% of its assets in the top 15. DFCA has 490 securities and a top 15 weight of 16.19%.
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