CALIvsINMUETF Comparison
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iShares Short-Term California Muni Active ETF (CALI) and iShares Intermediate Muni Income Active ETF (INMU) belong to the same industry segment: Municipal Bonds. CALI's top 1 sector exposures are Municipal. In contrast, INMU's top sector exposures are Municipal and Non-Corporate. CALI is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.41% for INMU. CALI is up 0.9% year-to-date (YTD) with +$404M in YTD flows. INMU performs worse with -0.89% YTD performance, and +$440M in YTD flows. Run a side-by-side ETF comparison of CALI and INMU 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 INMU 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 INMU | -0.05%+0.23% | -0.21%-2.48% | +0.90%-0.89% | +1.30%-0.07% | +9.11%+13.68% | n/a+6.18% |
| Flows | CALI INMU | +$102M+$136M | +$200M+$153M | +$404M+$440M | +$452M+$486M | +$601M+$665M | -+$667M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CALI INMU | +1.21%+4.47% | +0.73%+2.81% | +0.76%+3.40% | n/a+3.13% |
| Max drawdown | CALI INMU | -1.20%-4.99% | -1.20%-5.62% | -1.20%-5.62% | n/a-9.92% |
| Max drawdown duration | CALI INMU | 51d92d | 51d229d | 51d229d | n/a947d |
Trading data
CALI | INMU | |
Last sale 10/19/2026 at 7:05 PM | $49.96 | $23.27 |
| Previous close 10/16/2026 | $49.96 | $23.27 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 7:05 PM
Live
Closed
CALI | INMU | |
|---|---|---|
| Last price | $49.96 | $23.27 |
| 1D performance | +0.00% | -0.02% |
| AuM | $614.49 M | $677.35 M |
| E/R | 0.25% | 0.41% |
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Exposure
Countries
CALI
USA
25.25%
Other
74.75%
INMU
USA
36.53%
Other
63.47%
Sectors
CALI
Municipal
25.25%
Other
74.75%
INMU
Municipal
29.56%
Other
70.44%
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Diversification
CALI
Total weight of top 15 holdings out of 15
24.9%
INMU
Total weight of top 15 holdings out of 15
17.37%
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%
INMU
BlackRock Liquidity MuniCash
6.97%
US207758Z636
0.98%
US20772KF792
0.83%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.82%
Tennessee Energy Acquisition Corp., 5% 1nov2034, USD (2026A)
0.79%
US60416TYA05
0.77%
US93974E2E58
0.77%
California Statewide Communities Development Authority, 5% 1oct2028, USD (2025A)
0.77%
US13034DBS27
0.71%
Southern California Public Power Authority, 5% 1nov2033, USD (2026A)
0.68%
US67765QUU83
0.68%
Harris Cultural Education Facilities Finance Corp., 5% 1dec2033, USD (2026A)
0.67%
Pennsylvania Public School Building Authority, 5% 1jun2032, USD (2016A)
0.65%
US576528DP59
0.65%
US87638TJX28
0.63%
Frequently asked questions about CALI and INMU
How have the CALI and INMU ETFs performed in 2026?
As of October 16, 2026, CALI is up 0.9% year-to-date (YTD), while INMU has lost -0.89%. That puts CALI better performer ahead so far this year.
Which ETF is attracting more investor money: CALI or INMU?
Year-to-date, the CALI ETF saw +$404M in flows, compared to +$440M for INMU.
Which ETF is more volatile: CALI or INMU?
Over the past year, CALI had a volatility of 0.73%, while INMU experienced 2.81%.
Which ETF is bigger: CALI or INMU?
As of October 16, 2026, CALI holds $614.49 M in assets under management (AUM), while INMU manages $677.35 M.
What sectors do the CALI and INMU ETFs invest in?
CALI leans toward sectors like Municipal. Meanwhile, INMU focuses on Municipal.
What are the top holdings of the CALI ETF and INMU ETF?
CALI top holdings include Orange Water District, FRN 1aug2042, USD (2003A), US607804AC55 and US13063BCS97. INMU holds in its top three: BlackRock Liquidity MuniCash, US207758Z636 and US20772KF792.
Which ETF is more diversified: CALI or INMU?
CALI holds 204 securities with 24.9% of its assets in the top 15. INMU has 444 securities and a top 15 weight of 17.37%.
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