GCAL vs MMCA
Goldman Sachs Dynamic California Municipal Income ETF compared with NYLI MacKay California Muni Intermediate ETF on yield, payout growth, payment schedule, cost and risk.
GCAL
Goldman Sachs Dynamic California Municipal Income ETF
TTM yield · Monthly
MMCA
NYLI MacKay California Muni Intermediate ETF
TTM yield · Monthly
Quick take
- GCAL yields more today: 3.69% vs 3.39% (forward).
- GCAL has grown its payout faster: 19.6%/yr vs -5.8%/yr over the last 1 year.
- Both pay every month.
- Over the last year GCAL delivered the higher total return: +0.2% vs -1.3% (price change plus payouts).
- GCAL is cheaper to own: 0.30% vs 0.36% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | GCAL | MMCA |
|---|---|---|
| Share price | $49.03 | $20.76 |
| TTM yield | 3.69% | 3.39% |
| Forward yield | 3.69% | 3.39% |
| Annual payout per share | $1.808 | $0.703 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 31, 2026 (est.) | Oct 30, 2026 (est.) |
| Expense ratio | 0.30% | 0.36% |
| 1-year payout growth | +19.6% | -5.8% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 1 year | 1 year |
| Payout consistency (last 12) | 95/100 | 96/100 |
| 1-year total return | +0.2% | -1.3% |
| 1-year price return | -3.3% | -4.5% |
| Size (market cap / AUM) | 200.8M | 85.0M |
| Years paying | 2.1 | 4.8 |
| Sector / category | Muni California Intermediate | Muni California Intermediate |
✓ 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
| GCAL | MMCA | |
|---|---|---|
| Shares | 204.0 | 481.6 |
| Income per year | $369 | $339 |
| Income per month (avg) | $31 | $28 |
At forward yields, before taxes. Model GCAL · Model MMCA
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| GCAL Oct 31, 2026 | Nov 14, 2026 | $0.1507 | Est. |
| GCAL Nov 30, 2026 | Dec 14, 2026 | $0.1507 | Est. |
| GCAL Dec 30, 2026 | Jan 13, 2027 | $0.1507 | Est. |
| MMCA Oct 30, 2026 | Nov 13, 2026 | $0.0586 | Est. |
| MMCA Nov 29, 2026 | Dec 13, 2026 | $0.0586 | Est. |
| MMCA Dec 29, 2026 | Jan 12, 2027 | $0.0586 | Est. |
Annual payouts per share
GCALMMCA
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, GCAL or MMCA?
GCAL currently has the higher trailing yield: GCAL yields 3.69% and MMCA yields 3.39%. Yield changes daily with price, so check the live figures above.
How often do GCAL and MMCA pay?
GCAL pays every month and MMCA pays every month. GCAL's next ex-date is Oct 31, 2026 and MMCA's is Oct 30, 2026.
Which has grown its dividend faster, GCAL or MMCA?
GCAL has grown its payout faster: 19.6%/yr vs -5.8%/yr over the last 1 year.
Is GCAL or MMCA better for income?
It depends on what you are optimising for. GCAL and MMCA 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.