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GCAL vs DFNM

Goldman Sachs Dynamic California Municipal Income ETF vs Dimensional National Municipal Bond ETF

GCAL

Goldman Sachs Dynamic California Municipal Income ETF

Goldman Sachs

Annual cost

0.30%

Fund size

$165M

DFNM

Dimensional National Municipal Bond ETF

Dimensional Fund Advisors

Annual cost

0.17%

Fund size

$2.1B

Key differences

  • DFNM costs 0.13% less per year.
  • DFNM is significantly larger than GCAL — larger funds tend to be more liquid and less likely to close.

Side-by-side comparison

GCALDFNM
Annual cost (TER)0.30%0.17%
Fund size (AUM)$165M$2.1B
Since20242021
Dividend yield3.22%2.92%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionactive selection
CAGR 1Y+6.3%+4.9%
CAGR 3YN/A+3.2%
CAGR 5YN/AN/A
Sharpe 3YN/A-0.16
Volatility 1Y2.45%1.77%
Max drawdown-4.39%-6.99%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to GCAL and DFNM