FCAL vs FMHI
First Trust California Municipal High income ETF against First Trust Municipal High Income ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
2%
16 shared positions
Fee gap
5 bp
FCAL is cheaper
1-year return gap
0.7 pts
FCAL is ahead
Larger fund
FMHI
$1.0B
Side by side
| FCAL | FMHI | |
|---|---|---|
| Fund | First Trust California Municipal High income ETF | First Trust Municipal High Income ETF |
| Issuer | First Trust | First Trust |
| Category | High Yield Muni | High Yield Muni |
| Expense ratio | 0.65% | 0.70% |
| Assets | $206M | $1.0B |
| Average daily dollar volume | $2.0M | $17M |
| Listed | Jun 20, 2017 | Nov 1, 2017 |
| FrenzyCap score | 42 | 55 |
| 1-month return | −1.0% | −1.8% |
| 3-month return | −3.6% | −4.4% |
| Year to date | −5.1% | −5.3% |
| 1-year return | −5.2% | −5.9% |
| 30-day volatility | 6.8% | 8.2% |
| Worst drawdown, 1 year | −8.3% | −8.5% |
| Trailing 12-month yield | 3.63% | 4.63% |
| Holdings | 281 | 767 |
| Top 10 weight | 10.6% | 5.7% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$17M thru Jul 2026 | +$53M thru Jul 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
5% of FCAL · 2% of FMHI| Holding | FCAL | FMHI |
|---|---|---|
| PUERTO RICO CMWLTH 4%, due 07/01/2033 | 0.51% | 0.28% |
| OHIO ST HSG FIN AGY MF HSG REV 6.125%, due 01/01/2046 | 0.46% | 0.23% |
| MILITARY INSTALLATION DEV AUTH UT 4%, due 06/01/2052 | 0.19% | 0.23% |
| CALIFORNIA STWD CMNTYS DEV AUTH 5%, due 11/01/2041 | 0.22% | 0.18% |
| SAN JOAQUIN VLY CLEAN ENERGY AUTH CA Variable rate, due 01/01/2056 | 0.50% | 0.16% |
| CALIFORNIA ST MUNI FIN AUTH SPL TAX 5.75%, due 09/01/2053 | 0.27% | 0.13% |
| CALIFORNIA ST MUNI FIN AUTH SPL FAC REV N/C, 4%, due 07/15/2029 | 0.77% | 0.10% |
| CALIFORNIA ST MUNI FIN AUTH MF HSG REV 5.45%, due 12/01/2042 | 0.47% | 0.10% |
| STAMFORD CT HSG AUTH 6.375%, due 10/01/2045 | 0.24% | 0.10% |
| CALIFORNIA ST MUNI FIN AUTH CHRT SCH 5%, due 07/01/2038 | 0.21% | 0.10% |
| PUERTO RICO SALES TAX FING CORP 4.329%, due 07/01/2040 | 0.20% | 0.10% |
| CALIFORNIA ST MUNI FIN AUTH REV 5.375%, due 11/01/2045 | 0.24% | 0.07% |
| CALIFORNIA STWD CMNTYS DEV AUTH 5%, due 12/01/2033 | 0.15% | 0.06% |
| MORONGO BAND OF MISSION INDIANS CA 5%, due 10/01/2042 | 0.10% | 0.03% |
| CALIFORNIA SCH FIN AUTH SCH FAC REV 5.25%, due 07/01/2048 | 0.21% | 0.02% |
| GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS 5%, due 01/01/2050 | 0.13% | 0.01% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · FCAL holdings · FMHI holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.