FTCAvsSTAXETF Comparison
VS
Franklin California Municipal Income ETF (FTCA) and Nomura Tax-Free USA Short Term ETF (STAX) 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 0.29% for STAX. FTCA is down -1.86% year-to-date (YTD) with -$7M in YTD flows. STAX performs better with 1.23% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of FTCA and STAX 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
FTCA vs STAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTCA STAX | -1.27%+0.04% | -2.82%+0.15% | -1.86%+1.23% | n/a+2.08% | n/an/a | n/an/a |
| Flows | FTCA STAX | +$9M-$2M | -$30M+$5M | -$7M+$6M | -+$6M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTCA STAX | +3.56%+1.07% | n/a+0.99% | n/an/a | n/an/a |
| Max drawdown | FTCA STAX | -3.84%-0.63% | n/a-1.05% | n/an/a | n/an/a |
| Max drawdown duration | FTCA STAX | 63d56d | n/a106d | n/an/a | n/an/a |
Trading data
FTCA | STAX | |
Last sale 9/2/2026 at 1:30 PM | $7.15 | $25.17 |
| Previous close 09/01/2026 | $7.14 | $25.21 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
FTCA | STAX | |
|---|---|---|
| Last price | $7.15 | $25.17 |
| 1D performance | +0.14% | -0.14% |
| AuM | $562.70 M | $11.34 M |
| E/R | 0.35% | 0.29% |
Characteristics
FTCA | STAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Nomura |
| Benchmark | - | - |
| N° of holdings | 62 | 36 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | November 28, 2023 |
| ESG | No | No |
Advertisement
Exposure
Countries
FTCA
USA
37.5%
Other
62.5%
STAX
USA
37.04%
Other
62.96%
Sectors
FTCA
Municipal
37.5%
Other
62.5%
STAX
Municipal
37.04%
Other
62.96%
Advertisement
Diversification
FTCA
Total weight of top 15 holdings out of 15
19.62%
STAX
Total weight of top 15 holdings out of 15
26.01%
Top 15 holdings
Data as of July 31, 2026
FTCA
California Pollution Control Financing Authority, 5% 21nov2045, USD
1.82%
US30309HAA59
1.70%
Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016)
1.38%
California Municipal Finance Authority, 4.2% 1aug2040, USD (2024)
1.34%
San Francisco Public Utilities Commission, 5% 1nov2053, USD (2023)
1.33%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024E)
1.32%
US79728FLL30
1.31%
MSR Energy Authority, 6.5% 1nov2039, USD (2009A)
1.31%
Los Angeles Department of Water and Power, 5% 1jul2046, USD (2022)
1.30%
California Municipal Finance Authority, 3% 15may2051, USD
1.25%
Sweetwater Union High District, 5% 1aug2052, USD (2018)
1.24%
US130493CL10
1.10%
California, 5% 1oct2045, USD
1.09%
US13048VG510
1.07%
Alameda Corridor Transportation Authority, 0% 1oct2049, USD (2022A, 9941D)
1.06%
STAX
Chicago, 5% 1nov2026, USD (2004)
2.43%
US68608JXF38
2.27%
US650116FF84
2.05%
US4521525L18
1.98%
US85236DAK46
1.82%
US882724JZ14
1.66%
US48504NCT46
1.60%
New Jersey, 5% 1jun2029, USD
1.60%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2029, USD (2018A)
1.56%
New York Transportation Development Corp., 5% 1jan2028, USD (2018)
1.55%
US472682YZ07
1.53%
US54877EAC03
1.50%
US73358XNJ71
1.49%
US60374VEX73
1.49%
New York Metropolitan Transportation Authority, 5% 15nov2030, USD (2017D)
1.48%
Frequently asked questions about FTCA and STAX
How have the FTCA and STAX ETFs performed in 2026?
As of September 1, 2026, FTCA is down -1.86% year-to-date (YTD), while STAX has returned 1.23%. That puts STAX better performer ahead so far this year.
Which ETF is attracting more investor money: FTCA or STAX?
Year-to-date, the FTCA ETF saw -$7M in flows, compared to +$6M for STAX.
Which ETF is bigger: FTCA or STAX?
As of September 1, 2026, FTCA holds $562.70 M in assets under management (AUM), while STAX manages $11.34 M.
What sectors do the FTCA and STAX ETFs invest in?
FTCA leans toward sectors like Municipal. Meanwhile, STAX focuses on Municipal.
What are the top holdings of the FTCA ETF and STAX 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). STAX holds in its top three: Chicago, 5% 1nov2026, USD (2004), US68608JXF38 and US650116FF84.
Which ETF is more diversified: FTCA or STAX?
FTCA holds 282 securities with 19.62% of its assets in the top 15. STAX has 92 securities and a top 15 weight of 26.01%.
Advertisement
Advertisement
