TAXFvsFTCAETF Comparison
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American Century Diversified Municipal Bond ETF (TAXF) and Franklin California Municipal Income ETF (FTCA) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TAXF is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.35% for FTCA. TAXF is down -1.87% year-to-date (YTD) with +$186M in YTD flows. FTCA performs worse with -4.86% YTD performance, and +$142M in YTD flows. Run a side-by-side ETF comparison of TAXF 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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TAXF vs FTCA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXF FTCA | -0.40%-1.24% | -3.76%-5.77% | -1.87%-4.86% | -1.18%n/a | +11.92%n/a | +1.98%n/a |
| Flows | TAXF FTCA | +$40M+$145M | +$63M+$113M | +$186M+$142M | +$219M- | +$386M- | +$580M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXF FTCA | +5.54%+6.42% | +3.44%n/a | +3.93%n/a | +3.88%n/a |
| Max drawdown | TAXF FTCA | -6.26%-7.86% | -6.91%n/a | -6.91%n/a | -13.26%n/a |
| Max drawdown duration | TAXF FTCA | 92d92d | 103dn/a | 103dn/a | 1001dn/a |
Trading data
TAXF | FTCA | |
Last sale 10/16/2026 at 1:30 PM | $47.83 | $6.93 |
| Previous close 10/15/2026 | $47.87 | $6.94 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
TAXF | FTCA | |
|---|---|---|
| Last price | $47.83 | $6.93 |
| 1D performance | -0.08% | -0.14% |
| AuM | $705.56 M | $697.56 M |
| E/R | 0.25% | 0.35% |
Characteristics
TAXF | FTCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | American Century Investments | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 244 | 62 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 10, 2018 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
TAXF
USA
35.49%
Other
64.51%
FTCA
USA
36.47%
Other
63.53%
Sectors
TAXF
Municipal
35.49%
Other
64.51%
FTCA
Municipal
36.47%
Other
63.53%
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Diversification
TAXF
Total weight of top 15 holdings out of 15
8.47%
FTCA
Total weight of top 15 holdings out of 15
19.13%
Top 15 holdings
Data as of August 31, 2026
TAXF
US74442PN840
0.88%
Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3)
0.88%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.73%
US60637GRY79
0.65%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.58%
US646080ZU81
0.57%
US452252RA98
0.54%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.54%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.54%
US681725PH47
0.46%
Orlando Utilities Commission, 5% 1oct2048, USD (2023A)
0.45%
US74439YBD22
0.44%
US292723AY90
0.41%
US880157EC24
0.40%
Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1)
0.40%
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%
Frequently asked questions about TAXF and FTCA
How have the TAXF and FTCA ETFs performed in 2026?
As of October 16, 2026, TAXF is down -1.87% year-to-date (YTD), while FTCA has lost -4.86%. That puts TAXF better performer ahead so far this year.
Which ETF is attracting more investor money: TAXF or FTCA?
Year-to-date, the TAXF ETF saw +$186M in flows, compared to +$142M for FTCA.
Which ETF is bigger: TAXF or FTCA?
As of October 16, 2026, TAXF holds $705.56 M in assets under management (AUM), while FTCA manages $697.56 M.
What sectors do the TAXF and FTCA ETFs invest in?
TAXF leans toward sectors like Municipal. Meanwhile, FTCA focuses on Municipal.
What are the top holdings of the TAXF ETF and FTCA ETF?
TAXF top holdings include US74442PN840, Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3) and Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A). 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: TAXF or FTCA?
TAXF holds 792 securities with 8.47% of its assets in the top 15. FTCA has 288 securities and a top 15 weight of 19.13%.
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