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CALIvsIBMOETF Comparison

ETF 1

CALI

iShares Short-Term California Muni Active ETF

This fund is part of

Municipal Bonds

-0%

Full CALI fund page

VS

ETF 2

IBMO

iShares iBonds Dec 2026 Term Muni Bond ETF

This fund is part of

Municipal Bonds

-0%

Full IBMO fund page

iShares Short-Term California Muni Active ETF (CALI) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) belong to the same industry segment: Municipal Bonds. CALI's top 1 sector exposures are Municipal. In contrast, IBMO's top sector exposures are Municipal and Non-Corporate. CALI is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.1% for IBMO. CALI is up 0.9% year-to-date (YTD) with +$404M in YTD flows. IBMO performs better with 1.93% YTD performance, and -$59M in YTD flows. Run a side-by-side ETF comparison of CALI and IBMO 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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CALI vs IBMO performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	CALI IBMO	-0.05%+0.23%	-0.21%+0.61%	+0.90%+1.93%	+1.30%+2.47%	+9.11%+10.53%	n/a+4.56%
Flows	CALI IBMO	+$102M-$35M	+$200M-$69M	+$404M-$59M	+$452M-$3M	+$601M+$182M	-+$390M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	CALI IBMO	+1.21%+0.14%	+0.73%+0.21%	+0.76%+0.79%	n/a+1.52%
Max drawdown	CALI IBMO	-1.20%n/a	-1.20%-0.05%	-1.20%-0.74%	n/a-8.06%
Max drawdown duration	CALI IBMO	51dn/a	51d13d	51d46d	n/a1150d

Trading data

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	CALI	IBMO
Last sale 10/19/2026 at 7:05 PM	$49.96	$25.62
Previous close 10/16/2026	$49.96	$25.63
Consolidated volume 10/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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CALI

is actively managed and doesn’t replicate an index

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	CALI	IBMO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/19/2026 at 7:05 PM

Live

Closed

	CALI	IBMO
Last price	$49.96	$25.62
1D performance	+0.00%	-0.04%
AuM	$614.49 M	$510.12 M
E/R	0.25%	0.1%

Characteristics

	CALI	IBMO
Management strategy	Active	Passive
Provider	iShares	iShares
Benchmark	-	S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index
N° of holdings	51	238
Asset class	-	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	July 11, 2023	April 2, 2019
ESG	No	No

More CALI data on Trackinsight

More IBMO data on Trackinsight

Exposure

Countries

CALI

USA

25.25%

Other

74.75%

IBMO

USA

36.17%

Other

63.83%

Sectors

CALI

Municipal

25.25%

Other

74.75%

IBMO

Municipal

36.12%

Other

63.88%

Diversification

CALI

Total weight of top 15 holdings out of 15

24.9%

IBMO

Total weight of top 15 holdings out of 15

46.15%

Top 15 holdings

Data as of August 31, 2026

CALI

Orange Water District, FRN 1aug2042, USD (2003A)

2.37%

US607804AC55

2.33%

US13063BCS97

2.01%

US59266TYR66

1.93%

Bay Area Toll Authority, FRN 1apr2059, USD (2026)

1.83%

US88035F7U81

1.80%

US13034DAH70

1.66%

US13032UJ338

1.48%

US91412HTJ22

1.48%

US13033LSZ12

1.46%

Northern California Energy Authority, 5% 1dec2054, USD (2024)

1.42%

California Community Choice Financing Authority, 5% 1feb2031, USD (2026D)

1.40%

US13048RAN70

1.33%

US130536RN77

1.22%

US59266TXN61

1.20%

IBMO

US1966307T89

4.51%

Orlando Utilities Commission, FRN 1oct2039, USD (2015B)

4.51%

US20775DTT99

4.33%

US812643ZK32

3.82%

US79642GTU66

3.82%

US44244CN944

3.61%

US254845VW74

3.61%

US89602RPH20

3.01%

US196707Y498

2.53%

Battery Park City Authority, FRN 1nov2038, USD (2019D)

2.45%

Metropolitan Atlanta Rapid Transit Authority, FRN 1jul2045, USD (2026B)

2.16%

Long Island Power Authority, FRN 1sep2042, USD (2026A)

2.07%

US576051R651

2.00%

US495290ET12

1.91%

City of New York, 5.125% 15nov2011, USD

1.80%

Frequently asked questions about CALI and IBMO

How have the CALI and IBMO ETFs performed in 2026?

As of October 16, 2026, CALI is up 0.9% year-to-date (YTD), while IBMO has returned 1.93%. That puts IBMO better performer ahead so far this year.

Which ETF is attracting more investor money: CALI or IBMO?

Year-to-date, the CALI ETF saw +$404M in flows, compared to -$59M for IBMO.

Which ETF is more volatile: CALI or IBMO?

Over the past year, CALI had a volatility of 0.73%, while IBMO experienced 0.21%.

Which ETF is bigger: CALI or IBMO?

As of October 16, 2026, CALI holds $614.49 M in assets under management (AUM), while IBMO manages $510.12 M.

What sectors do the CALI and IBMO ETFs invest in?

CALI leans toward sectors like Municipal. Meanwhile, IBMO focuses on Municipal.

What are the top holdings of the CALI ETF and IBMO ETF?

CALI top holdings include Orange Water District, FRN 1aug2042, USD (2003A), US607804AC55 and US13063BCS97. IBMO holds in its top three: US1966307T89, Orlando Utilities Commission, FRN 1oct2039, USD (2015B) and US20775DTT99.

CALIvsIBMOETF Comparison

iShares Short-Term California Muni Active ETF

iShares iBonds Dec 2026 Term Muni Bond ETF

CALI vs IBMO performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the CALI and IBMO ETFs performed in 2026?

As of October 16, 2026, CALI is up 0.9% year-to-date (YTD), while IBMO has returned 1.93%. That puts IBMO better performer ahead so far this year.

Which ETF is attracting more investor money: CALI or IBMO?

Year-to-date, the CALI ETF saw +$404M in flows, compared to -$59M for IBMO.

Which ETF is more volatile: CALI or IBMO?

Over the past year, CALI had a volatility of 0.73%, while IBMO experienced 0.21%.

Which ETF is bigger: CALI or IBMO?

As of October 16, 2026, CALI holds $614.49 M in assets under management (AUM), while IBMO manages $510.12 M.

What sectors do the CALI and IBMO ETFs invest in?

CALI leans toward sectors like Municipal. Meanwhile, IBMO focuses on Municipal.

What are the top holdings of the CALI ETF and IBMO ETF?

CALI top holdings include Orange Water District, FRN 1aug2042, USD (2003A), US607804AC55 and US13063BCS97. IBMO holds in its top three: US1966307T89, Orlando Utilities Commission, FRN 1oct2039, USD (2015B) and US20775DTT99.

Which ETF is more diversified: CALI or IBMO?

CALI holds 204 securities with 24.9% of its assets in the top 15. IBMO has 517 securities and a top 15 weight of 46.15%.

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