Performance analysis of GCAL (GOLDMAN SACHS DYNAMIC CALIFORNIA MUNICIPAL INCOME ETF)
Annual Return
Since Jul 25, 2024, GCAL has had an average annual return of +3.95%, underperforming the benchmark SPY, which returned +18.92% annual.
| 2026 | 2025 | 2024 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +1.57% | +4.59% | +1.65% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.72% | +1.18% | -1.77% | +0.88% | +0.34% | +0.74% | -0.51% | +1.57% | |||||
| 2025 | +0.42% | +1.32% | -1.42% | -0.85% | +0.10% | +0.72% | +0.00981% | +0.66% | +2.02% | +0.95% | +0.38% | +0.25% | +4.59% |
| 2024 | +0.43% | +0.85% | +1.08% | -1.05% | +1.25% | -0.89% | +1.65% |
Drawdown analysis of GCAL (GOLDMAN SACHS DYNAMIC CALIFORNIA MUNICIPAL INCOME ETF)
The maximum drawdown for the GCAL was -4.40%, occurring on Apr 11, 2025. Recovery took 101 trading sessions.
The current GCAL drawdown is -0.67%.
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.40% | Mar 3, 2025 | 29 | Apr 11, 2025 | 101 | Sep 8, 2025 | 130 |
| -2.23% | Feb 27, 2026 | 19 | Mar 26, 2026 | 63 | Jun 26, 2026 | 82 |
| -1.97% | Dec 4, 2024 | 11 | Dec 19, 2024 | 43 | Feb 25, 2025 | 54 |
| -1.92% | Oct 1, 2024 | 26 | Nov 6, 2024 | 17 | Dec 2, 2024 | 43 |
| -0.80% | Aug 5, 2024 | 3 | Aug 8, 2024 | 19 | Sep 5, 2024 | 22 |
| -0.67% | Jul 2, 2026 | 11 | Jul 20, 2026 | Ongoing | Ongoing | Ongoing |
| -0.45% | Sep 17, 2025 | 6 | Sep 25, 2025 | 9 | Oct 8, 2025 | 15 |
| -0.41% | Nov 11, 2025 | 5 | Nov 18, 2025 | 5 | Nov 25, 2025 | 10 |
| -0.36% | Jan 16, 2026 | 1 | Jan 20, 2026 | 8 | Jan 30, 2026 | 9 |
| -0.35% | Nov 26, 2025 | 3 | Dec 2, 2025 | 12 | Dec 18, 2025 | 15 |
| -0.26% | Oct 24, 2025 | 8 | Nov 5, 2025 | 3 | Nov 10, 2025 | 11 |
| -0.16% | Sep 16, 2024 | 3 | Sep 19, 2024 | 6 | Sep 27, 2024 | 9 |
| -0.14% | Dec 24, 2025 | 1 | Dec 26, 2025 | 1 | Dec 29, 2025 | 2 |
| -0.09% | Oct 22, 2025 | 1 | Oct 23, 2025 | 1 | Oct 24, 2025 | 2 |
| -0.09% | Feb 25, 2025 | 2 | Feb 27, 2025 | 1 | Feb 28, 2025 | 3 |
| -0.07% | Dec 2, 2024 | 1 | Dec 3, 2024 | 1 | Dec 4, 2024 | 2 |
| -0.07% | Oct 14, 2025 | 1 | Oct 15, 2025 | 1 | Oct 16, 2025 | 2 |
| -0.07% | Dec 18, 2025 | 3 | Dec 23, 2025 | 1 | Dec 24, 2025 | 4 |
| -0.06% | Sep 10, 2024 | 1 | Sep 11, 2024 | 2 | Sep 13, 2024 | 3 |
| -0.06% | Feb 10, 2026 | 1 | Feb 11, 2026 | 1 | Feb 12, 2026 | 2 |
| -0.02% | Jan 12, 2026 | 1 | Jan 13, 2026 | 1 | Jan 14, 2026 | 2 |
| -0.01% | Sep 27, 2024 | 1 | Sep 30, 2024 | 1 | Oct 1, 2024 | 2 |
| -0.01% | Dec 29, 2025 | 1 | Dec 30, 2025 | 1 | Dec 31, 2025 | 2 |
| -0.01% | Feb 17, 2026 | 1 | Feb 18, 2026 | 1 | Feb 19, 2026 | 2 |
| -0.01% | Jun 29, 2026 | 1 | Jun 30, 2026 | 1 | Jul 1, 2026 | 2 |