FTCA vs SPY
FTCA vs SPY
Franklin California Municipal Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FTCA | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $564M | $789.1B | |
| Dividend Yield | 2.89% | 1.01% | |
| Holdings | 294 | 505 | |
| YTD Return | +0.71% | +11.49% | |
| 1Y Return | - | +21.37% | |
| 3Y Return (annualized) | - | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -2.9% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 29, 1993 | Jan 22, 1993 |
FTCA vs SPY Performance
Franklin California Municipal Income ETF (FTCA) is a ETF from Franklin Templeton Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, FTCA is up 0.71% versus a gain of 11.49% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.9% for FTCA and -56.5% for SPY. 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 SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, FTCA currently yields 2.89% against 1.01% for SPY.
Holdings Overlap
FTCA and SPY share 1 holdings out of 563 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FTCA | Weight in SPY | Difference |
|---|---|---|---|
| JPM | 0.03% | 1.40% | 1.37% |
Frequently Asked Questions
Which is cheaper, FTCA or SPY?
FTCA has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
What is the holdings overlap between FTCA and SPY?
FTCA and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 563 unique securities.
Which pays a higher dividend, FTCA or SPY?
FTCA yields 2.89% while SPY yields 1.01%, so FTCA currently pays the higher dividend yield.
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