BSMRvsCMFETF Comparison
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Invesco BulletShares 2027 Municipal Bond ETF (BSMR) and iShares California Muni Bond ETF (CMF) belong to the same industry segment: Municipal Bonds. BSMR's top 1 sector exposures are Municipal. In contrast, CMF's top sector exposures are Municipal and Non-Corporate. BSMR is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.08% for CMF. BSMR is down -0.53% year-to-date (YTD) with +$68M in YTD flows. CMF performs worse with -2.36% YTD performance, and +$1.60B in YTD flows. Run a side-by-side ETF comparison of BSMR and CMF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BSMR vs CMF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMR CMF | +0.04%-0.25% | -0.74%-3.34% | -0.53%-2.36% | +0.03%-1.71% | +9.38%+9.17% | +0.37%+0.25% |
| Flows | BSMR CMF | +$9M+$660M | +$26M+$801M | +$68M+$1.60B | +$92M+$1.96B | +$276M+$3.16B | +$353M+$3.62B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMR CMF | +1.84%+4.84% | +1.14%+3.08% | +1.81%+3.57% | +2.37%+3.58% |
| Max drawdown | BSMR CMF | -1.83%-5.69% | -2.18%-6.52% | -2.18%-6.52% | -12.04%-12.25% |
| Max drawdown duration | BSMR CMF | 92d92d | 236d229d | 236d229d | 1440d1346d |
Trading data
BSMR | CMF | |
Last sale 10/16/2026 at 1:30 PM | $23.40 | $54.82 |
| Previous close 10/15/2026 | $23.33 | $54.79 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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BSMR | CMF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
BSMR | CMF | |
|---|---|---|
| Last price | $23.40 | $54.82 |
| 1D performance | +0.30% | +0.05% |
| AuM | $367.21 M | $5.19 B |
| E/R | 0.18% | 0.08% |
Characteristics
BSMR | CMF | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | iShares |
| Benchmark | ICE BulletShares USD Municipal Bond 2027 Index | ICE AMT-Free California Municipal Index |
| N° of holdings | 1347 | 903 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2019 | October 4, 2007 |
| ESG | No | No |
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Exposure
Countries
BSMR
USA
63.19%
Other
36.81%
CMF
USA
59.23%
Other
40.77%
Sectors
BSMR
Municipal
63.19%
Other
36.81%
CMF
Municipal
59.23%
Other
40.77%
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Diversification
BSMR
Total weight of top 15 holdings out of 15
4.06%
CMF
Total weight of top 15 holdings out of 15
6.39%
Top 15 holdings
Data as of August 31, 2026
BSMR
Illinois, 5% 1nov2029, USD (2017C)
0.48%
Illinois, 5% 1nov2027, USD (2017D)
0.46%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.34%
California Health Facilities Financing Authority, 5% 1nov2027, USD (2017A)
0.33%
New Jersey, 5% 1jun2027, USD
0.30%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.29%
Texas Water Development Board, 5% 15oct2047, USD (2017A)
0.24%
Houston Combined Utility System, 5% 15nov2042, USD (2017B)
0.23%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.22%
US64990CJK80
0.20%
US574218V676
0.20%
US494619ER60
0.20%
Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2017)
0.19%
Geisinger Authority Health System, 5% 15feb2045, USD (2017A-1)
0.19%
Oklahoma Turnpike Authority, 4% 1jan2042, USD (2017C)
0.19%
CMF
Orange Water District, FRN 1aug2042, USD (2003A)
0.60%
US79766DLC10
0.52%
US032556NJ70
0.49%
Los Angeles Unified School District, 5% 1jul2031, USD (2024)
0.47%
University of California, 5.5% 15may2040, USD
0.46%
California Educational Facilities Authority, 5% 1may2045, USD
0.44%
US4636324Q95
0.44%
US79905CAB90
0.42%
Los Angeles Unified School District, 5% 1jul2034, USD (2024A)
0.41%
US13077DUT70
0.40%
University of California, 5% 15may2036, USD (2025)
0.39%
California, 5% 1mar2055, USD
0.37%
California, 5.25% 1aug2032, USD
0.34%
US91412GSH91
0.32%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.32%
Frequently asked questions about BSMR and CMF
How have the BSMR and CMF ETFs performed in 2026?
As of October 16, 2026, BSMR is down -0.53% year-to-date (YTD), while CMF has lost -2.36%. That puts BSMR better performer ahead so far this year.
Which ETF is attracting more investor money: BSMR or CMF?
Year-to-date, the BSMR ETF saw +$68M in flows, compared to +$1.60B for CMF.
Which ETF is more volatile: BSMR or CMF?
Over the past year, BSMR had a volatility of 1.14%, while CMF experienced 3.08%.
Which ETF is bigger: BSMR or CMF?
As of October 16, 2026, BSMR holds $367.21 M in assets under management (AUM), while CMF manages $5.19 B.
What sectors do the BSMR and CMF ETFs invest in?
BSMR leans toward sectors like Municipal. Meanwhile, CMF focuses on Municipal.
What are the top holdings of the BSMR ETF and CMF ETF?
BSMR top holdings include Illinois, 5% 1nov2029, USD (2017C), Illinois, 5% 1nov2027, USD (2017D) and Hudson Yards Infrastructure Corp., 5% 15feb2042, USD. CMF holds in its top three: Orange Water District, FRN 1aug2042, USD (2003A), US79766DLC10 and US032556NJ70.
Which ETF is more diversified: BSMR or CMF?
BSMR holds 2631 securities with 4.06% of its assets in the top 15. CMF has 1670 securities and a top 15 weight of 6.39%.
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Latest news about BSMR & CMF
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