CALIvsIBMXETF Comparison
VS
iShares Short-Term California Muni Active ETF (CALI) and iShares iBonds Dec 2035 Term Muni Bond ETF (IBMX) belong to the same industry segment: Municipal Bonds. CALI's top 1 sector exposures are Municipal. In contrast, IBMX'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 IBMX. Run a side-by-side ETF comparison of CALI and IBMX 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 IBMX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CALI IBMX | -0.05%+0.85% | -0.21%-3.03% | +0.90%n/a | +1.30%n/a | +9.11%n/a | n/an/a |
| Flows | CALI IBMX | +$102M+$9M | +$200M+$13M | +$404M- | +$452M- | +$601M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CALI IBMX | +1.21%+6.38% | +0.73%n/a | +0.76%n/a | n/an/a |
| Max drawdown | CALI IBMX | -1.20%-6.80% | -1.20%n/a | -1.20%n/a | n/an/a |
| Max drawdown duration | CALI IBMX | 51d92d | 51dn/a | 51dn/a | n/an/a |
Trading data
CALI | IBMX | |
Last sale 10/19/2026 at 5:50 PM | $49.96 | $23.88 |
| Previous close 10/16/2026 | $49.96 | $23.91 |
| 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 indexCALI | IBMX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 5:50 PM
Live
Closed
CALI | IBMX | |
|---|---|---|
| Last price | $49.96 | $23.88 |
| 1D performance | +0.01% | -0.13% |
| AuM | $614.49 M | $17.94 M |
| E/R | 0.25% | 0.1% |
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Exposure
Countries
CALI
USA
25.25%
Other
74.75%
IBMX
USA
24.23%
Other
75.77%
Sectors
CALI
Municipal
25.25%
Other
74.75%
IBMX
Municipal
23.77%
Other
76.23%
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Diversification
CALI
Total weight of top 15 holdings out of 15
24.9%
IBMX
Total weight of top 15 holdings out of 15
23.03%
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%
IBMX
California, 5% 1oct2035, USD
2.46%
University of Texas, 5% 15aug2036, USD (2025B)
2.01%
Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2)
1.86%
US677523RD66
1.77%
US546585XM77
1.49%
University of California, 5% 15may2038, USD (2025)
1.46%
Maryland, 5% 1jun2039, USD (2025)
1.44%
Greater Chicago Metropolitan Water Reclamation District, 5.25% 1dec2035, USD
1.42%
US041431YV32
1.40%
US64990KHR77
1.38%
US438687N683
1.30%
US46613SSM34
1.29%
US29270C5S06
1.28%
Los Angeles Unified School District, 5% 1jul2039, USD (2024QRR)
1.26%
Texas Transportation Commission, 5% 1oct2036, USD (2025)
1.21%
Frequently asked questions about CALI and IBMX
Which ETF is bigger: CALI or IBMX?
As of October 16, 2026, CALI holds $614.49 M in assets under management (AUM), while IBMX manages $17.94 M.
What sectors do the CALI and IBMX ETFs invest in?
CALI leans toward sectors like Municipal. Meanwhile, IBMX focuses on Municipal.
What are the top holdings of the CALI ETF and IBMX ETF?
CALI top holdings include Orange Water District, FRN 1aug2042, USD (2003A), US607804AC55 and US13063BCS97. IBMX holds in its top three: California, 5% 1oct2035, USD, University of Texas, 5% 15aug2036, USD (2025B) and Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2).
Which ETF is more diversified: CALI or IBMX?
CALI holds 204 securities with 24.9% of its assets in the top 15. IBMX has 160 securities and a top 15 weight of 23.03%.
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