FTCA vs IVV
Franklin California Municipal Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FTCA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $570M | $907.0B | |
| Dividend Yield | 3.64% | 1.10% | |
| Holdings | 297 | 508 | |
| YTD Return | +1.11% | +12.39% | |
| 1Y Return | - | +20.24% | |
| 3Y Return (annualized) | - | +21.78% | |
| 5Y Return (annualized) | - | +12.84% | |
| Volatility (annualized) | - | 15.1% | |
| Max Drawdown | -2.9% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 29, 1993 | May 15, 2000 |
FTCA vs IVV Performance
Franklin California Municipal Income ETF (FTCA) is a ETF from Franklin Templeton Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Year to date, FTCA is up 1.11% versus a gain of 12.39% for IVV.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.9% for FTCA and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FTCA charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, FTCA currently yields 3.64% against 1.10% for IVV.
Holdings Overlap
FTCA and IVV share 0 holdings out of 564 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FTCA or IVV?
FTCA has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
What is the holdings overlap between FTCA and IVV?
FTCA and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 564 unique securities.
Which pays a higher dividend, FTCA or IVV?
FTCA yields 3.64% while IVV yields 1.10%, so FTCA currently pays the higher dividend yield.
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