JCALvsMBBAETF Comparison
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JPMorgan California Tax Free Bond ETF (JCAL) belongs to the Municipal Bonds segment. iShares Mortgage-Backed Securities Active ETF (MBBA) is part of the MBS & ABS segment. JCAL's top 1 sector exposures are Municipal. In contrast, MBBA's top sector exposures are Non-Corporate and Industrials. JCAL is more expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.26% for MBBA. Run a side-by-side ETF comparison of JCAL and MBBA 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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JCAL vs MBBA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JCAL MBBA | +3.31%+3.00% | -0.50%-0.79% | n/an/a | n/an/a | n/an/a | n/an/a |
| Flows | JCAL MBBA | -$12M+$48M | +$14M+$603M | -- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JCAL MBBA | +4.64%+6.06% | n/an/a | n/an/a | n/an/a |
| Max drawdown | JCAL MBBA | -5.04%-4.67% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | JCAL MBBA | 78d66d | n/an/a | n/an/a | n/an/a |
Trading data
JCAL | MBBA | |
Last sale 11/2/2026 at 2:30 PM | $48.56 | $48.11 |
| Previous close 10/30/2026 | $48.79 | $48.26 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
JCAL | MBBA | |
|---|---|---|
| Last price | $48.56 | $48.11 |
| 1D performance | -0.47% | -0.31% |
| AuM | $510.77 M | $761.84 M |
| E/R | 0.44% | 0.26% |
Characteristics
JCAL | MBBA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | J.P. Morgan Asset Management | iShares |
| Benchmark | - | - |
| N° of holdings | 112 | 47 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 12, 2026 | January 23, 2026 |
| ESG | No | No |
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Exposure
Countries
JCAL
USA
40.33%
Other
59.67%
MBBA
Data will be available soon
Sectors
JCAL
Municipal
40.33%
Other
59.67%
MBBA
Data will be available soon
Diversification
JCAL
Total weight of top 15 holdings out of 15
16.28%
MBBA
Data will be available soon
Top 15 holdings
Data as of September 30, 2026
JCAL
US072024ZH86
2.13%
US072024C758
1.83%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
1.09%
US13063EGP51
1.07%
California, FRN 1may2033, USD (2003A-1)
1.07%
US568087BK56
1.06%
County of Santa Clara, 4% 1aug2038, USD
0.99%
US13032U7S16
0.98%
California Infrastructure and Economic Development Bank, 5% 1nov2029, USD (2024)
0.97%
North Orange Community College District, 4% 1aug2044, USD
0.94%
US13032UX453
0.92%
California Community Choice Financing Authority, 5% 1dec2035, USD (2025G)
0.83%
US13034A3Y44
0.82%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.80%
Sacramento Municipal Utility District, 5% 15aug2049, USD (2023)
0.78%
MBBA
Data will be available soon
Frequently asked questions about JCAL and MBBA
Which ETF is bigger: JCAL or MBBA?
As of October 30, 2026, JCAL holds $510.77 M in assets under management (AUM), while MBBA manages $761.84 M.
What sectors do the JCAL and MBBA ETFs invest in?
JCAL leans toward sectors like Municipal. Meanwhile, MBBA focuses on Non-Corporate and Industrials.
What are the top holdings of the JCAL ETF and MBBA ETF?
JCAL top holdings include US072024ZH86, US072024C758 and California Community Choice Financing Authority, 5% 1feb2055, USD (2024D). MBBA holds in its top three: BlackRock Cash Funds - Treasury, US01F0526A56 and US01F0606A83.
Which ETF is more diversified: JCAL or MBBA?
JCAL holds 307 securities with 16.28% of its assets in the top 15. MBBA has 637 securities and a top 15 weight of 111.14%.
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