LDSFvsCALIETF Comparison
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First Trust Low Duration Strategic Focus ETF (LDSF) belongs to the Intl Aggregate Bonds segment. iShares Short-Term California Muni Active ETF (CALI) is part of the Municipal Bonds segment. LDSF's top 3 sector exposures are Finance, Sovereign and Technology. In contrast, CALI's top sector exposures are Municipal. LDSF is more expensive with a Total Expense Ratio (TER) of 0.77%, versus 0.25% for CALI. LDSF is up 1.24% year-to-date (YTD) with +$18M in YTD flows. CALI performs worse with 0.91% YTD performance, and +$409M in YTD flows. Run a side-by-side ETF comparison of LDSF and CALI 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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LDSF vs CALI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LDSF CALI | -0.37%+0.03% | -0.99%-0.21% | +1.24%+0.91% | +1.80%+1.31% | +16.60%+9.27% | +12.55%n/a |
| Flows | LDSF CALI | -$3M+$107M | +$59K+$200M | +$18M+$409M | +$30M+$457M | +$29M+$606M | -$20M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LDSF CALI | +2.53%+1.22% | +2.38%+0.73% | +2.55%+0.75% | +2.69%n/a |
| Max drawdown | LDSF CALI | -2.24%-1.20% | -2.24%-1.20% | -2.24%-1.20% | -7.46%n/a |
| Max drawdown duration | LDSF CALI | 58d54d | 58d54d | 58d54d | 766dn/a |
Trading data
LDSF | CALI | |
Last sale 10/19/2026 at 1:30 PM | $18.50 | $49.96 |
| Previous close 10/19/2026 | $18.51 | $49.96 |
| Consolidated volume 10/19/2026 | ||
| 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 1:30 PM
Live
Closed
LDSF | CALI | |
|---|---|---|
| Last price | $18.50 | $49.96 |
| 1D performance | -0.03% | +0.00% |
| AuM | $158.21 M | $619.51 M |
| E/R | 0.77% | 0.25% |
Characteristics
LDSF | CALI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | iShares |
| Benchmark | - | - |
| N° of holdings | 3371 | 51 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 3, 2019 | July 11, 2023 |
| ESG | No | No |
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Exposure
Countries
LDSF
USA
23.06%
Other
76.94%
CALI
USA
25.25%
Other
74.75%
Sectors
LDSF
Finance
10.35%
Other
89.65%
CALI
Municipal
25.25%
Other
74.75%
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Diversification
LDSF
Total weight of top 15 holdings out of 15
64.92%
CALI
Total weight of top 15 holdings out of 15
24.9%
Top 15 holdings
Data as of August 31, 2026
LDSF
US33739Q2003
32.86%
US33738D4088
11.96%
US33738D3098
6.54%
US33738D7701
4.96%
US33739P2020
3.04%
US33739Q4082
3.01%
MSCI Inc, 4% 15nov2029, USD
0.45%
CrowdStrike Holdings, 3% 15feb2029, USD
0.42%
1011778 B.C., 5.625% 15sep2029, USD
0.29%
Smurfit Kappa Group, 5.2% 15jan2030, USD
0.26%
Constellation Software, 5.158% 16feb2029, USD
0.26%
Berry Global, 5.5% 15apr2028, USD
0.23%
IQVIA Inc., 5.7% 15may2028, USD
0.22%
ABC Supply, 4% 15jan2028, USD
0.22%
Mozart Debt Merger Sub, 3.875% 1apr2029, USD
0.21%
CALI
Orange Water District, FRN 1aug2042, USD (2003A)
2.37%
US607804AC55
2.33%
US13063BCS97
2.01%
US59266TYR66
1.93%
Bay Area Toll Authority, FRN 1apr2059, USD (2026)
1.83%
US88035F7U81
1.80%
US13034DAH70
1.66%
US91412HTJ22
1.48%
US13032UJ338
1.48%
US13033LSZ12
1.46%
Northern California Energy Authority, 5% 1dec2054, USD (2024)
1.42%
California Community Choice Financing Authority, 5% 1feb2031, USD (2026D)
1.40%
US13048RAN70
1.33%
US130536RN77
1.22%
US072024ZH86
1.20%
Frequently asked questions about LDSF and CALI
How have the LDSF and CALI ETFs performed in 2026?
As of October 16, 2026, LDSF is up 1.24% year-to-date (YTD), while CALI has returned 0.91%. That puts LDSF better performer ahead so far this year.
Which ETF is attracting more investor money: LDSF or CALI?
Year-to-date, the LDSF ETF saw +$18M in flows, compared to +$409M for CALI.
Which ETF is more volatile: LDSF or CALI?
Over the past year, LDSF had a volatility of 2.38%, while CALI experienced 0.73%.
Which ETF is bigger: LDSF or CALI?
As of October 16, 2026, LDSF holds $158.21 M in assets under management (AUM), while CALI manages $619.51 M.
What sectors do the LDSF and CALI ETFs invest in?
LDSF leans toward sectors like Finance. Meanwhile, CALI focuses on Municipal.
What are the top holdings of the LDSF ETF and CALI ETF?
LDSF top holdings include US33739Q2003, US33738D4088 and US33738D3098. CALI holds in its top three: Orange Water District, FRN 1aug2042, USD (2003A), US607804AC55 and US13063BCS97.
Which ETF is more diversified: LDSF or CALI?
LDSF holds 3449 securities with 64.92% of its assets in the top 15. CALI has 204 securities and a top 15 weight of 24.9%.
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