FTCAvsTAXEETF Comparison
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Franklin California Municipal Income ETF (FTCA) and T. Rowe Price Intermediate Municipal Income ETF (TAXE) 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 0.24% for TAXE. FTCA is down -4.86% year-to-date (YTD) with +$142M in YTD flows. TAXE performs better with -0.99% YTD performance, and +$252M in YTD flows. Run a side-by-side ETF comparison of FTCA and TAXE 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 TAXE 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 TAXE | -1.24%-0.03% | -5.77%-2.75% | -4.86%-0.99% | n/a-0.00% | n/an/a | n/an/a |
| Flows | FTCA TAXE | +$145M+$153M | +$113M+$184M | +$142M+$252M | -+$272M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTCA TAXE | +6.42%+4.50% | n/a+2.78% | n/an/a | n/an/a |
| Max drawdown | FTCA TAXE | -7.86%-5.12% | n/a-5.51% | n/an/a | n/an/a |
| Max drawdown duration | FTCA TAXE | 92d92d | n/a101d | n/an/a | n/an/a |
Trading data
FTCA | TAXE | |
Last sale 10/19/2026 at 2:58 PM | $6.93 | $49.23 |
| Previous close 10/16/2026 | $6.93 | $49.15 |
| 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 2:58 PM
Live
Closed
FTCA | TAXE | |
|---|---|---|
| Last price | $6.93 | $49.23 |
| 1D performance | -0.07% | +0.15% |
| AuM | $697.56 M | $356.20 M |
| E/R | 0.35% | 0.24% |
Characteristics
FTCA | TAXE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | T. Rowe Price |
| Benchmark | - | - |
| N° of holdings | 62 | 169 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | July 10, 2024 |
| ESG | No | No |
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Exposure
Countries
FTCA
USA
36.47%
Other
63.53%
TAXE
USA
36.28%
Other
63.72%
Sectors
FTCA
Municipal
36.47%
Other
63.53%
TAXE
Municipal
36.28%
Other
63.72%
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Diversification
FTCA
Total weight of top 15 holdings out of 15
19.13%
TAXE
Total weight of top 15 holdings out of 15
11.04%
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%
TAXE
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
1.63%
Puerto Rico, 5.75% 1jul2031, USD
0.87%
Michigan Finance Authority, 5% 15aug2055, USD (2025B-1)
0.85%
US249182LT15
0.75%
Denver, 5% 1dec2029, USD (2018A)
0.74%
US899530AY53
0.74%
US736754TT94
0.71%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.68%
Colorado, 6% 15dec2041, USD (2022)
0.67%
US040507QB45
0.59%
Puerto Rico Sales Tax Financing Corp., 4.55% 1jul2040, USD
0.58%
South Carolina Jobs-Economic Development Authority, 5% 1may2043, USD (2018A)
0.56%
US92812XXT44
0.56%
US64972JNL88
0.56%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.55%
Frequently asked questions about FTCA and TAXE
How have the FTCA and TAXE ETFs performed in 2026?
As of October 16, 2026, FTCA is down -4.86% year-to-date (YTD), while TAXE has lost -0.99%. That puts TAXE better performer ahead so far this year.
Which ETF is attracting more investor money: FTCA or TAXE?
Year-to-date, the FTCA ETF saw +$142M in flows, compared to +$252M for TAXE.
Which ETF is bigger: FTCA or TAXE?
As of October 16, 2026, FTCA holds $697.56 M in assets under management (AUM), while TAXE manages $356.20 M.
What sectors do the FTCA and TAXE ETFs invest in?
FTCA leans toward sectors like Municipal. Meanwhile, TAXE focuses on Municipal.
What are the top holdings of the FTCA ETF and TAXE 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). TAXE holds in its top three: New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023), Puerto Rico, 5.75% 1jul2031, USD and Michigan Finance Authority, 5% 15aug2055, USD (2025B-1).
Which ETF is more diversified: FTCA or TAXE?
FTCA holds 288 securities with 19.13% of its assets in the top 15. TAXE has 612 securities and a top 15 weight of 11.04%.
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