FCAL vs RMCA
First Trust California Municipal High Income ETF compared with Rockefeller California Municipal Bond ETF on yield, payout growth, payment schedule, cost and risk.
FCAL
First Trust California Municipal High Income ETF
TTM yield · Monthly
RMCA
Rockefeller California Municipal Bond ETF
TTM yield · Monthly
Quick take
- RMCA yields more today: 4.57% vs 3.59% (forward).
- Both pay every month.
- Over the last year FCAL delivered the higher total return: +0.6% vs +0.3% (price change plus payouts).
- FCAL is cheaper to own: 0.49% vs 0.55% expense ratio.
- FCAL has the steadier distribution: consistency 98/100 vs 85/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FCAL | RMCA |
|---|---|---|
| Share price | $47.35 | $23.22 |
| TTM yield | 3.59% | 4.57% |
| Forward yield | 3.59% | 4.57% |
| Annual payout per share | $1.699 | $1.06 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Nov 20, 2026 (est.) | Oct 29, 2026 (est.) |
| Expense ratio | 0.49% | 0.55% |
| 1-year payout growth | +7.9% | — |
| 5-year payout CAGR | +8.7% | — |
| Consecutive years of increases | 4 years | — |
| Payout consistency (last 12) | 98/100 | 85/100 |
| 1-year total return | +0.6% | +0.3% |
| 1-year price return | -2.9% | -4.1% |
| Size (market cap / AUM) | 210.4M | 19.2M |
| Years paying | 9.3 | 2.1 |
| Sector / category | Muni California Long | Muni California Long |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FCAL | RMCA | |
|---|---|---|
| Shares | 211.2 | 430.7 |
| Income per year | $359 | $457 |
| Income per month (avg) | $30 | $38 |
At forward yields, before taxes. Model FCAL · Model RMCA
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FCAL Nov 20, 2026 | Nov 28, 2026 | $0.1416 | Est. |
| FCAL Dec 20, 2026 | Dec 28, 2026 | $0.1416 | Est. |
| FCAL Jan 19, 2027 | Jan 27, 2027 | $0.1416 | Est. |
| RMCA Oct 29, 2026 | Nov 12, 2026 | $0.0883 | Est. |
| RMCA Nov 28, 2026 | Dec 12, 2026 | $0.0883 | Est. |
| RMCA Dec 28, 2026 | Jan 11, 2027 | $0.0883 | Est. |
Annual payouts per share
FCALRMCA
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FCAL or RMCA?
RMCA currently has the higher trailing yield: FCAL yields 3.59% and RMCA yields 4.57%. Yield changes daily with price, so check the live figures above.
How often do FCAL and RMCA pay?
FCAL pays every month and RMCA pays every month. FCAL's next ex-date is Nov 20, 2026 and RMCA's is Oct 29, 2026.
Is FCAL or RMCA better for income?
It depends on what you are optimising for. FCAL and RMCA differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.