GCAL
+0.77 · +1.53%
$51.13 · NYSE ARCA

Goldman Sachs ETF Trust (GCAL) ETF Analysis | Muni California Intermediate

Goldman Sachs · USA
AUM:$156.0M
#– of – in Muni California Intermediate ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

GCAL returned +4.8% over the past year, broadly in line with flat market conditions.

What is GCAL?

The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in fixed income securities issued by or on behalf of the state of California and its political subdivisions, agencies and instrumentalities and other states, territories and possessions of the United States and the political subdivisions, agencies and instrumentalities thereof, the interest on which is exempt from regular federal income tax and California personal income tax.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Modest 1-Year Return
GCAL returned 4.8% over the past year.
Broadly Diversified
Top 10 holdings represent just 3.4% of the ETF — exposure spread across many positions.
Notable Dividend Yield
Current yield of 3.04% provides a meaningful income component alongside market exposure.
ETF Information
AUM$156.0M
Expense Ratio0.00%
Dividend Yield3.04%
Holdings1
Inception DateJul 2024
Domicile–
Distribution–
Index–
ProviderGoldman Sachs
Beta–
CategoryMuni California Intermediate
CurrencyUSD
Portfolio Impact

How would GCAL affect your portfolio?

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Example preview
6168
+7 points · better diversified

Chart Tools

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-2.1%
1Y
+3.4%
3Y
+6.0%
5Y
+6.0%
OpenBook InsightIf you had invested £10,000 in GCAL 5 years ago, it would have grown to £10,604 — a gain of £604.

Annual Returns

Calendar year performance

GCAL delivered positive returns in 2 of the last 3 calendar years.
YearGCAL
2026 YTD-0.3%
2025+4.4%
2024+1.6%
CAGR 2yr+3.0%
2/3 positive yearsAvg return: +1.9%Worst year: -0.3% (2026)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
3.5%
Low
Momentum
-0.9%
30-day change
Support Level
50.27
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.