FTCAvsJCALETF Comparison
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Franklin California Municipal Income ETF (FTCA) and JPMorgan California Tax Free Bond ETF (JCAL) belong to the same industry segment: Municipal Bonds. FTCA's top 1 sector exposures are Municipal. In contrast, JCAL's top sector exposures are Municipal and Sovereign. FTCA is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.44% for JCAL. Run a side-by-side ETF comparison of FTCA and JCAL 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 JCAL 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 JCAL | -1.24%-0.29% | -5.77%-3.05% | -4.86%n/a | n/an/a | n/an/a | n/an/a |
| Flows | FTCA JCAL | +$145M+$19M | +$113M+$19M | +$142M- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTCA JCAL | +6.42%+4.53% | n/an/a | n/an/a | n/an/a |
| Max drawdown | FTCA JCAL | -7.86%-5.18% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FTCA JCAL | 92d92d | n/an/a | n/an/a | n/an/a |
Trading data
FTCA | JCAL | |
Last sale 10/19/2026 at 2:45 PM | $6.93 | $47.91 |
| Previous close 10/16/2026 | $6.93 | $47.91 |
| 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 2:45 PM
Live
Closed
FTCA | JCAL | |
|---|---|---|
| Last price | $6.93 | $47.91 |
| 1D performance | -0.07% | +0.00% |
| AuM | $697.56 M | $507.02 M |
| E/R | 0.35% | 0.44% |
Characteristics
FTCA | JCAL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | 62 | 106 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | June 12, 2026 |
| ESG | No | No |
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Exposure
Countries
FTCA
USA
36.47%
Other
63.53%
JCAL
USA
37.65%
Other
62.35%
Sectors
FTCA
Municipal
36.47%
Other
63.53%
JCAL
Municipal
36.62%
Other
63.38%
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Diversification
FTCA
Total weight of top 15 holdings out of 15
19.13%
JCAL
Total weight of top 15 holdings out of 15
16.11%
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%
JCAL
US072024ZH86
2.06%
US072024C758
1.77%
US568087BK56
1.12%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
1.10%
US13063EGP51
1.03%
California, FRN 1may2033, USD (2003A-1)
1.03%
US91412HTJ22
1.03%
USA, Bills 0% 10sep2026, USD (182D)
1.03%
US13032U7S16
0.99%
California Infrastructure and Economic Development Bank, 5% 1nov2029, USD (2024)
0.96%
US13013JHG40
0.83%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.80%
US13034A3Y44
0.79%
Alvord Unified School District, 0% 1aug2036, USD (2011B, 9179D)
0.79%
Sacramento Municipal Utility District, 5% 15aug2049, USD (2023)
0.78%
Frequently asked questions about FTCA and JCAL
Which ETF is bigger: FTCA or JCAL?
As of October 16, 2026, FTCA holds $697.56 M in assets under management (AUM), while JCAL manages $507.02 M.
What sectors do the FTCA and JCAL ETFs invest in?
FTCA leans toward sectors like Municipal. Meanwhile, JCAL focuses on Municipal.
What are the top holdings of the FTCA ETF and JCAL 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). JCAL holds in its top three: US072024ZH86, US072024C758 and US568087BK56.
Which ETF is more diversified: FTCA or JCAL?
FTCA holds 288 securities with 19.13% of its assets in the top 15. JCAL has 306 securities and a top 15 weight of 16.11%.
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