PSQOvsFTCAETF Comparison
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Palmer Square Credit Opportunities ETF (PSQO) belongs to the US Aggregate Bonds segment. Franklin California Municipal Income ETF (FTCA) is part of the Municipal Bonds segment. PSQO's top 3 sector exposures are Sovereign, Industrials and Utilities. In contrast, FTCA's top sector exposures are Municipal. PSQO is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.35% for FTCA. PSQO is up 3.01% year-to-date (YTD) with +$173M in YTD flows. FTCA performs worse with -1.85% YTD performance, and -$8M in YTD flows. Run a side-by-side ETF comparison of PSQO and FTCA 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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PSQO vs FTCA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSQO FTCA | +0.48%-1.26% | +1.29%-3.01% | +3.01%-1.85% | +5.08%n/a | n/an/a | n/an/a |
| Flows | PSQO FTCA | +$17M+$9M | +$36M-$31M | +$173M-$8M | +$209M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQO FTCA | +0.49%+3.53% | +0.67%n/a | n/an/a | n/an/a |
| Max drawdown | PSQO FTCA | -0.08%-3.84% | -0.68%n/a | n/an/a | n/an/a |
| Max drawdown duration | PSQO FTCA | 7d64d | 40dn/a | n/an/a | n/an/a |
Trading data
PSQO | FTCA | |
Last sale 9/2/2026 at 1:30 PM | $20.84 | $7.14 |
| Previous close 09/02/2026 | $20.83 | $7.14 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
PSQO | FTCA | |
|---|---|---|
| Last price | $20.84 | $7.14 |
| 1D performance | +0.04% | +0.00% |
| AuM | $293.91 M | $562.43 M |
| E/R | 0.52% | 0.35% |
Characteristics
PSQO | FTCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Palmer Square | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 168 | 62 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2024 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
PSQO
USA
36.63%
Other
63.37%
FTCA
USA
37.5%
Other
62.5%
Sectors
PSQO
Sovereign
11.25%
Industrials
7.71%
Other
81.04%
FTCA
Municipal
37.5%
Other
62.5%
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Diversification
PSQO
Total weight of top 15 holdings out of 15
17.98%
FTCA
Total weight of top 15 holdings out of 15
19.62%
Top 15 holdings
Data as of July 31, 2026
PSQO
Fidelity Investments Money Market Treasury Portfolio
2.18%
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.96%
USA, Notes 4% 31may2028, USD (BC-2028)
1.81%
USA, Notes 3.875% 31dec2027, USD (AH-2027)
1.80%
USA, Notes 4% 31jan2029, USD (U-2029)
1.54%
USA, Bills 0% 5nov2026, USD (182D)
1.26%
USA, Bills 0% 19nov2026, USD (182D)
1.26%
US14317KAQ76
1.09%
US38190MAJ09
0.73%
US89640AAY29
0.73%
US29002GAU58
0.73%
US14315GAW50
0.73%
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
0.73%
US671000AL11
0.72%
US55956CAA99
0.72%
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%
Frequently asked questions about PSQO and FTCA
How have the PSQO and FTCA ETFs performed in 2026?
As of September 2, 2026, PSQO is up 3.01% year-to-date (YTD), while FTCA has lost -1.85%. That puts PSQO better performer ahead so far this year.
Which ETF is attracting more investor money: PSQO or FTCA?
Year-to-date, the PSQO ETF saw +$173M in flows, compared to -$8M for FTCA.
Which ETF is bigger: PSQO or FTCA?
As of September 2, 2026, PSQO holds $293.91 M in assets under management (AUM), while FTCA manages $562.43 M.
What sectors do the PSQO and FTCA ETFs invest in?
PSQO leans toward sectors like Sovereign and Industrials. Meanwhile, FTCA focuses on Municipal.
What are the top holdings of the PSQO ETF and FTCA ETF?
PSQO top holdings include Fidelity Investments Money Market Treasury Portfolio, USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4% 31may2028, USD (BC-2028). FTCA holds in its top three: California Pollution Control Financing Authority, 5% 21nov2045, USD, US30309HAA59 and Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016).
Which ETF is more diversified: PSQO or FTCA?
PSQO holds 426 securities with 17.98% of its assets in the top 15. FTCA has 282 securities and a top 15 weight of 19.62%.
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