BSMUvsCMFETF Comparison
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Invesco BulletShares 2030 Municipal Bond ETF (BSMU) and iShares California Muni Bond ETF (CMF) belong to the same industry segment: Municipal Bonds. BSMU's top 1 sector exposures are Municipal. In contrast, CMF's top sector exposures are Municipal and Non-Corporate. BSMU is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.08% for CMF. BSMU is down -1.4% year-to-date (YTD) with +$66M 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 BSMU 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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BSMU 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. | BSMU CMF | -0.11%-0.25% | -2.07%-3.34% | -1.40%-2.36% | -0.82%-1.71% | +10.72%+9.17% | -4.08%+0.25% |
| Flows | BSMU CMF | +$4M+$660M | +$22M+$801M | +$66M+$1.60B | +$103M+$1.96B | +$230M+$3.16B | +$285M+$3.62B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMU CMF | +4.07%+4.84% | +2.45%+3.08% | +3.35%+3.57% | +4.17%+3.58% |
| Max drawdown | BSMU CMF | -4.42%-5.69% | -5.35%-6.52% | -5.35%-6.52% | -18.36%-12.25% |
| Max drawdown duration | BSMU CMF | 64d92d | 229d229d | 229d229d | 1747d1346d |
Trading data
BSMU | CMF | |
Last sale 10/16/2026 at 1:30 PM | $21.17 | $54.82 |
| Previous close 10/15/2026 | $21.22 | $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 18, 2026
1-year trailing difference
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BSMU | 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
BSMU | CMF | |
|---|---|---|
| Last price | $21.17 | $54.82 |
| 1D performance | -0.24% | +0.05% |
| AuM | $281.96 M | $5.19 B |
| E/R | 0.18% | 0.08% |
Characteristics
BSMU | CMF | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | iShares |
| Benchmark | ICE BulletShares Municipal Bond 2030 Index | ICE AMT-Free California Municipal Index |
| N° of holdings | 870 | 903 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 16, 2020 | October 4, 2007 |
| ESG | No | No |
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Exposure
Countries
BSMU
USA
61.43%
Other
38.57%
CMF
USA
59.23%
Other
40.77%
Sectors
BSMU
Municipal
61.43%
Other
38.57%
CMF
Municipal
59.23%
Other
40.77%
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Diversification
BSMU
Total weight of top 15 holdings out of 15
6.08%
CMF
Total weight of top 15 holdings out of 15
6.39%
Top 15 holdings
Data as of August 31, 2026
BSMU
Los Angeles Unified School District, 4% 1jul2044, USD
0.61%
New York Metropolitan Transportation Authority, 4.75% 15nov2045, USD (2020C)
0.57%
New York Metropolitan Transportation Authority, 5.25% 15nov2055, USD (2020C)
0.54%
California, 4% 1mar2036, USD
0.51%
California, 5% 1nov2030, USD
0.42%
Triborough Bridge and Tunnel Authority, 5% 15nov2049, USD (2020A)
0.42%
California, 5% 1mar2035, USD
0.39%
US544532QE75
0.38%
New York Metropolitan Transportation Authority, 5% 15nov2050, USD (2020C)
0.37%
New York Urban Development Corp., 5% 15mar2047, USD (2020C)
0.37%
US89602HFT95
0.34%
US91412HWB58
0.30%
City of New York, 5% 1aug2030, USD
0.30%
New Jersey Transportation Trust Fund Authority, 5% 15jun2045, USD
0.29%
Miracosta Community College District, 4% 1aug2045, USD
0.28%
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 BSMU and CMF
How have the BSMU and CMF ETFs performed in 2026?
As of October 16, 2026, BSMU is down -1.4% year-to-date (YTD), while CMF has lost -2.36%. That puts BSMU better performer ahead so far this year.
Which ETF is attracting more investor money: BSMU or CMF?
Year-to-date, the BSMU ETF saw +$66M in flows, compared to +$1.60B for CMF.
Which ETF is more volatile: BSMU or CMF?
Over the past year, BSMU had a volatility of 2.45%, while CMF experienced 3.08%.
Which ETF is bigger: BSMU or CMF?
As of October 16, 2026, BSMU holds $281.96 M in assets under management (AUM), while CMF manages $5.19 B.
What sectors do the BSMU and CMF ETFs invest in?
BSMU leans toward sectors like Municipal. Meanwhile, CMF focuses on Municipal.
What are the top holdings of the BSMU ETF and CMF ETF?
BSMU top holdings include Los Angeles Unified School District, 4% 1jul2044, USD, New York Metropolitan Transportation Authority, 4.75% 15nov2045, USD (2020C) and New York Metropolitan Transportation Authority, 5.25% 15nov2055, USD (2020C). CMF holds in its top three: Orange Water District, FRN 1aug2042, USD (2003A), US79766DLC10 and US032556NJ70.
Which ETF is more diversified: BSMU or CMF?
BSMU holds 1798 securities with 6.08% 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 BSMU & CMF
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