JCAL vs VYM
JPMorgan California Tax Free Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | JCAL | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.04% | |
| AUM | $505M | $81.6B | |
| Dividend Yield | 0.28% | 2.24% | |
| Holdings | 8 | 616 | |
| YTD Return | -0.77% | +16.42% | |
| 1Y Return | - | +24.22% | |
| 3Y Return (annualized) | - | +19.03% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | - | 14.6% | |
| Max Drawdown | -2.0% | -58.8% | |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Jun 12, 2026 | Nov 10, 2006 |
JCAL vs VYM Performance
JPMorgan California Tax Free Bond ETF (JCAL) is a ETF from J.P. Morgan Asset Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Year to date, JCAL is down 0.77% versus a gain of 16.42% for VYM.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.0% for JCAL and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
JCAL charges 0.34% per year while VYM charges 0.04%. On a $10,000 position that is $34 vs $4 annually, a gap of $30 per year that compounds over a long holding period. On income, JCAL currently yields 0.28% against 2.24% for VYM.
Holdings Overlap
JCAL and VYM share 0 holdings out of 611 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, JCAL or VYM?
JCAL has an expense ratio of 0.34% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
What is the holdings overlap between JCAL and VYM?
JCAL and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 611 unique securities.
Which pays a higher dividend, JCAL or VYM?
JCAL yields 0.28% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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