TXCAvsFTMAETF Comparison
ETF 1
TXCA
Northern Trust California Intermediate Tax-Exempt Bond ETF
This fund is part of
Municipal Bonds
+0.26%
VS
Northern Trust California Intermediate Tax-Exempt Bond ETF (TXCA) and Franklin Massachusetts Municipal Income ETF (FTMA) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TXCA is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.35% for FTMA. Run a side-by-side ETF comparison of TXCA and FTMA 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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TXCA vs FTMA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TXCA FTMA | +4.01%+3.98% | n/a-1.11% | n/a-1.28% | n/a-1.24% | n/an/a | n/an/a |
| Flows | TXCA FTMA | --$9M | --$2M | -+$45M | -+$286M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TXCA FTMA | n/a+5.78% | n/a+3.65% | n/an/a | n/an/a |
| Max drawdown | TXCA FTMA | n/a-6.03% | n/a-7.49% | n/an/a | n/an/a |
| Max drawdown duration | TXCA FTMA | n/a85d | n/a129d | n/an/a | n/an/a |
Trading data
TXCA | FTMA | |
Last sale 11/9/2026 at 2:30 PM | $51.54 | $8.83 |
| Previous close 11/06/2026 | $51.50 | $8.83 |
| Consolidated volume 11/06/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 10, 2026
1-year trailing difference
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FTMA
is actively managed and doesn’t replicate an indexTXCA | FTMA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/9/2026 at 2:30 PM
Live
Closed
TXCA | FTMA | |
|---|---|---|
| Last price | $51.54 | $8.83 |
| 1D performance | +0.07% | +0.00% |
| AuM | $7.71 M | $279.95 M |
| E/R | 0.06% | 0.35% |
Characteristics
TXCA | FTMA | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | Franklin Templeton |
| Benchmark | ICE California Intermediate Term Focused Municipal Bond Index | - |
| N° of holdings | 100 | 47 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 23, 2026 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
TXCA
USA
33.85%
Other
66.15%
FTMA
USA
31.64%
Other
68.36%
Sectors
TXCA
Municipal
33.85%
Other
66.15%
FTMA
Municipal
31.64%
Other
68.36%
Diversification
TXCA
Total weight of top 15 holdings out of 15
13.53%
FTMA
Total weight of top 15 holdings out of 15
22.69%
Top 15 holdings
Data as of September 30, 2026
TXCA
US072024ZH86
4.11%
Los Angeles Municipal Improvement Corp., 5% 1nov2029, USD (2016-B)
0.82%
Bay Area Toll Authority, 5% 1apr2044, USD (2026)
0.76%
US544525X529
0.70%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
0.70%
US15569DAA00
0.69%
Southern California Public Power Authority, 5% 1nov2028, USD (2007A)
0.69%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.69%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024F)
0.69%
US544525ZN15
0.69%
California Educational Facilities Authority, 5% 1jun2046, USD
0.69%
US672240UL07
0.61%
US798306D867
0.58%
Southern California Public Power Authority, 5% 1jul2036, USD (2026-1)
0.57%
US13013JAP12
0.54%
FTMA
US57604TMC70
2.03%
Massachusetts Development Finance Agency, 5.75% 1jan2042, USD
1.97%
US57582TDX72
1.81%
Massachusetts, 5% 1jan2054, USD (2024)
1.79%
US575579B979
1.61%
US57585BB644
1.54%
Massachusetts Development Finance Agency, 5.5% 15aug2050, USD (2025A)
1.47%
Massachusetts Development Finance Agency, 4% 1oct2045, USD
1.44%
Massachusetts, 5% 1jun2050, USD (2022)
1.40%
US661802WH79
1.38%
Massachusetts Health and Educational Facilities Authority, FRN 1jul2031, USD (2001J-2)
1.34%
US57586N6R72
1.34%
US111746KV47
1.22%
Massachusetts Bay Transportation Authority, 5% 1jul2052, USD
1.20%
US57585BEY02
1.15%
Frequently asked questions about TXCA and FTMA
Which ETF is bigger: TXCA or FTMA?
As of November 6, 2026, TXCA holds $7.71 M in assets under management (AUM), while FTMA manages $279.95 M.
What sectors do the TXCA and FTMA ETFs invest in?
TXCA leans toward sectors like Municipal. Meanwhile, FTMA focuses on Municipal.
What are the top holdings of the TXCA ETF and FTMA ETF?
TXCA top holdings include US072024ZH86, Los Angeles Municipal Improvement Corp., 5% 1nov2029, USD (2016-B) and Bay Area Toll Authority, 5% 1apr2044, USD (2026). FTMA holds in its top three: US57604TMC70, Massachusetts Development Finance Agency, 5.75% 1jan2042, USD and US57582TDX72.
Which ETF is more diversified: TXCA or FTMA?
TXCA holds 298 securities with 13.53% of its assets in the top 15. FTMA has 187 securities and a top 15 weight of 22.69%.
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