See what your fund actually adds
JPMorgan California Tax Free Bond ETF JCAL
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | JCAL | Replication |
|---|---|---|
| Annualized growth | 0.0% | 0.6% |
| Annualized volatility | 4.0% | 4.1% |
| Sharpe ratio | 0.02 | 0.16 |
| Maximum drawdown | 9.8% | 10.1% |
| Replication fit (R²) | 0.96 · Tracking error 0.8% | |
Replication portfolio
The published portfolio below is the investable basket used to model JCAL’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 77.9% |
| STIP | FI · Short TIPS | 11.1% |
| VCSH | FI · Short Corp | 10.9% |