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MFLX vs FCAL

First Trust Flexible Municipal High Income ETF vs First Trust California Municipal High Income ETF

MFLX

First Trust Flexible Municipal High Income ETF

Annual cost

0.75%

Fund size

$19M

FCAL

First Trust California Municipal High Income ETF

Annual cost

0.49%

Fund size

$220M

Key differences

Both MFLX and FCAL are fixed income ETFs. MFLX charges 0.75% a year and FCAL 0.49%. The main difference: FCAL costs 0.26% less per year.

  • FCAL costs 0.26% less per year.
  • FCAL is much larger than MFLX. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, MFLX has delivered higher annualized returns.

Side-by-side comparison

MFLXFCAL
Annual cost (TER)0.75%0.49%
Fund size (AUM)$19M$220M
Since20162017
Dividend yield4.09%3.33%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionactive selection
CAGR 1Y+9.3%+6.9%
CAGR 3Y+5.6%+3.6%
CAGR 5Y-0.0%+0.7%
Sharpe 3Y0.230.02
Volatility 1Y4.07%2.70%
Max drawdown-26.76%-14.81%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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