CALIvsSHYMETF Comparison
VS
iShares Short-Term California Muni Active ETF (CALI) and iShares Short Duration High Yield Muni Active ETF (SHYM) belong to the same industry segment: Municipal Bonds. CALI's top 1 sector exposures are Municipal. In contrast, SHYM's top sector exposures are Municipal, Non-Corporate and Healthcare. CALI is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.42% for SHYM. CALI is up 0.9% year-to-date (YTD) with +$404M in YTD flows. SHYM performs worse with 0.25% YTD performance, and +$440M in YTD flows. Run a side-by-side ETF comparison of CALI and SHYM 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 SHYM 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 SHYM | -0.05%-0.08% | -0.21%-2.02% | +0.90%+0.25% | +1.30%+1.10% | +9.11%+20.12% | n/a+2.88% |
| Flows | CALI SHYM | +$102M+$36M | +$200M+$87M | +$404M+$440M | +$452M+$480M | +$601M+$839M | -+$861M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CALI SHYM | +1.21%+3.96% | +0.73%+2.43% | +0.76%+4.67% | n/a+5.25% |
| Max drawdown | CALI SHYM | -1.20%-4.11% | -1.20%-4.56% | -1.20%-5.75% | n/a-21.21% |
| Max drawdown duration | CALI SHYM | 51d92d | 51d102d | 51d215d | n/a1065d |
Trading data
CALI | SHYM | |
Last sale 10/19/2026 at 7:05 PM | $49.96 | $21.60 |
| Previous close 10/16/2026 | $49.96 | $21.62 |
| 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 | SHYM | |
|---|---|---|
| Last price | $49.96 | $21.60 |
| 1D performance | +0.00% | -0.07% |
| AuM | $614.49 M | $855.17 M |
| E/R | 0.25% | 0.42% |
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Exposure
Countries
CALI
USA
25.25%
Other
74.75%
SHYM
USA
43.27%
Other
56.73%
Sectors
CALI
Municipal
25.25%
Other
74.75%
SHYM
Municipal
36.47%
Other
63.53%
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Diversification
CALI
Total weight of top 15 holdings out of 15
24.9%
SHYM
Total weight of top 15 holdings out of 15
22.58%
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%
SHYM
BlackRock Liquidity MuniCash
6.67%
Puerto Rico, FRN 1nov2051, USD
1.76%
Black Belt Energy Gas District, 5% 1dec2031, USD (2026)
1.41%
Atlanta, 5% 1nov2032, USD (2026)
1.36%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
1.24%
Denver, 5% 1oct2032, USD (2017)
1.19%
US592250FA71
1.15%
US13034A7E44
1.10%
Black Belt Energy Gas District, 5% 1jul2033, USD (2026)
1.03%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.00%
Philadelphia Authority for Industrial Development, 5.5% 1dec2058, USD
0.99%
New York Transportation Development Corp., 5.25% 1aug2031, USD (2020)
0.98%
US64947PAA49
0.94%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.88%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2029, USD (3792D)
0.88%
Frequently asked questions about CALI and SHYM
How have the CALI and SHYM ETFs performed in 2026?
As of October 16, 2026, CALI is up 0.9% year-to-date (YTD), while SHYM has returned 0.25%. That puts CALI better performer ahead so far this year.
Which ETF is attracting more investor money: CALI or SHYM?
Year-to-date, the CALI ETF saw +$404M in flows, compared to +$440M for SHYM.
Which ETF is more volatile: CALI or SHYM?
Over the past year, CALI had a volatility of 0.73%, while SHYM experienced 2.43%.
Which ETF is bigger: CALI or SHYM?
As of October 16, 2026, CALI holds $614.49 M in assets under management (AUM), while SHYM manages $855.17 M.
What sectors do the CALI and SHYM ETFs invest in?
CALI leans toward sectors like Municipal. Meanwhile, SHYM focuses on Municipal.
What are the top holdings of the CALI ETF and SHYM ETF?
CALI top holdings include Orange Water District, FRN 1aug2042, USD (2003A), US607804AC55 and US13063BCS97. SHYM holds in its top three: BlackRock Liquidity MuniCash, Puerto Rico, FRN 1nov2051, USD and Black Belt Energy Gas District, 5% 1dec2031, USD (2026).
Which ETF is more diversified: CALI or SHYM?
CALI holds 204 securities with 24.9% of its assets in the top 15. SHYM has 454 securities and a top 15 weight of 22.58%.
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