GCAL vs VTEC
Goldman Sachs Dynamic California Municipal Income ETF against Vanguard California Tax-Exempt Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
2%
48 shared positions
Fee gap
24 bp
VTEC is cheaper
1-year return gap
0.8 pts
GCAL is ahead
Larger fund
VTEC
$3.7B
Side by side
| GCAL | VTEC | |
|---|---|---|
| Fund | Goldman Sachs Dynamic California Municipal Income ETF | Vanguard California Tax-Exempt Bond ETF |
| Issuer | Goldman Sachs | Vanguard |
| Category | State Muni | State Muni |
| Expense ratio | 0.30% | 0.06% |
| Assets | $244M | $3.7B |
| Average daily dollar volume | $5.2M | $114M |
| Listed | Jul 23, 2024 | Jan 26, 2024 |
| FrenzyCap score | 57 | 97 |
| 1-month return | +1.9% | +2.5% |
| 3-month return | −2.1% | −2.2% |
| Year to date | −2.7% | −3.5% |
| 1-year return | −2.9% | −3.8% |
| 30-day volatility | 5.8% | 6.1% |
| Worst drawdown, 1 year | −7.0% | −8.1% |
| Trailing 12-month yield | 3.65% | 3.23% |
| Holdings | 421 | 4,054 |
| Top 10 weight | 10.1% | 2.9% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$17M thru May 2026 | +$513M thru May 2026 |
| 30-day implied volatility | — | 20.3% |
| Holdings as of | as of Oct 23, 2026issuer data | as of Oct 23, 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
16% of GCAL · 2% of VTEC| Holding | GCAL | VTEC |
|---|---|---|
| BAY AREA TOLL AUTHORITY 5%, due Apr 1, 2061 | 0.22% | 0.24% |
| LOS ANGELES DEPARTMENT OF 5%, due Jul 1, 2028 | 0.13% | 0.16% |
| CALIFORNIA MUNICIPAL FINA 5%, due Jun 30, 2032 | 0.86% | 0.13% |
| RIVERSIDE, CALIFORNIA (CO 3.95%, due Oct 15, 2027 | 1.02% | 0.12% |
| SOUTHERN CALIFORNIA PUBLI 5%, due Jul 1, 2053 | 0.27% | 0.11% |
| MUNICIPAL IMPROVEMENT COR 5.25%, due May 1, 2050 | 0.42% | 0.10% |
| LOS ANGELES COUNTY METROP 5%, due Jul 1, 2035 | 1.03% | 0.10% |
| STATE OF CALIFORNIA 5%, due Dec 1, 2028 | 1.29% | 0.09% |
| THE UNIVERSITY OF CALIFOR 5%, due May 15, 2037 | 0.45% | 0.09% |
| THE UNIVERSITY OF CALIFOR 5%, due May 15, 2038 | 0.41% | 0.07% |
| CALIFORNIA STATE UNIVERSI 5%, due Nov 1, 2047 | 0.25% | 0.07% |
| CALIFORNIA EDUCATIONAL FA 5%, due Jun 1, 2046 | 0.43% | 0.07% |
| LOS ANGELES COUNTY CALIF 5.25%, due Dec 1, 2050 | 0.43% | 0.07% |
| STATE OF CALIFORNIA 5%, due Mar 1, 2035 | 0.04% | 0.08% |
| SAN DIEGO UNIFIED SCHOOL, due Jul 1, 2041 | 0.16% | 0.04% |
| CALIFORNIA INFRASTRUCTURE 5%, due Jul 1, 2029 | 0.06% | 0.04% |
| FOOTHILL/EASTERN TRANSPOR, due Jan 1, 2028 | 0.04% | 0.04% |
| SAN FRANCISCO CALIFORNIA 5.25%, due Jun 15, 2049 | 0.04% | 0.04% |
| IRVINE FACILITIES FINANCI 5.25%, due May 1, 2048 | 0.35% | 0.04% |
| CALIFORNIA STATEWIDE COMM 5%, due May 15, 2042 | 0.40% | 0.03% |
| LOS ANGELES COUNTY METROP 5%, due Jun 1, 2044 | 0.04% | 0.03% |
| LOS ANGELES COUNTY METROP 5%, due Jun 1, 2045 | 0.51% | 0.03% |
| RIVERSIDE COUNTY CALIFORN 4%, due Jun 1, 2038 | 0.17% | 0.03% |
| LOS ANGELES UNIFIED SCHOO 5%, due Jul 1, 2043 | 0.27% | 0.03% |
| ALAMEDA CORRIDOR TRANPORT, due Oct 1, 2048 | 0.23% | 0.03% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · GCAL holdings · VTEC 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.