CMFvsBSMUETF Comparison
VS
iShares California Muni Bond ETF (CMF) and Invesco BulletShares 2030 Municipal Bond ETF (BSMU) belong to the same industry segment: Municipal Bonds. CMF's top 2 sector exposures are Municipal and Non-Corporate. In contrast, BSMU's top sector exposures are Municipal. CMF is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.18% for BSMU. CMF is down -1.77% year-to-date (YTD) with +$920M in YTD flows. BSMU performs better with -1.13% YTD performance, and +$61M in YTD flows. Run a side-by-side ETF comparison of CMF and BSMU 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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CMF vs BSMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CMF BSMU | -2.42%-1.72% | -2.77%-1.84% | -1.77%-1.13% | -0.13%-0.03% | +7.71%+8.37% | +0.15%-5.12% |
| Flows | CMF BSMU | +$51M+$9M | +$254M+$28M | +$920M+$61M | +$1.31B+$110M | +$2.42B+$232M | +$2.97B+$280M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CMF BSMU | +2.99%+2.16% | +2.40%+1.75% | +3.49%+3.34% | +3.47%+4.11% |
| Max drawdown | CMF BSMU | -3.60%-2.19% | -3.77%-2.81% | -5.18%-4.33% | -12.25%-18.36% |
| Max drawdown duration | CMF BSMU | 67d66d | 194d193d | 275d261d | 1346d1711d |
Trading data
CMF | BSMU | |
Last sale 9/11/2026 at 1:30 PM | $55.34 | $21.33 |
| Previous close 09/10/2026 | $55.09 | $21.30 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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CMF | BSMU | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
CMF | BSMU | |
|---|---|---|
| Last price | $55.34 | $21.33 |
| 1D performance | +0.45% | +0.12% |
| AuM | $4.54 B | $279.17 M |
| E/R | 0.08% | 0.18% |
Characteristics
CMF | BSMU | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Invesco |
| Benchmark | ICE AMT-Free California Municipal Index | Invesco BulletShares Municipal Bond 2030 Index |
| N° of holdings | 930 | 851 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 4, 2007 | September 16, 2020 |
| ESG | No | No |
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Exposure
Countries
CMF
USA
61.5%
Other
38.5%
BSMU
USA
61.65%
Other
38.35%
Sectors
CMF
Municipal
61.5%
Other
38.5%
BSMU
Municipal
61.65%
Other
38.35%
Diversification
CMF
Total weight of top 15 holdings out of 15
5.91%
BSMU
Total weight of top 15 holdings out of 15
6.19%
Top 15 holdings
Data as of July 31, 2026
CMF
Orange Water District, FRN 1aug2042, USD (2003A)
0.50%
Los Angeles Unified School District, 5% 1jul2031, USD (2024)
0.47%
University of California, 5.5% 15may2040, USD
0.46%
US79905CAB90
0.43%
California Educational Facilities Authority, 5% 1may2045, USD
0.43%
Los Angeles Unified School District, 5% 1jul2034, USD (2024A)
0.41%
US13077DUT70
0.41%
University of California, 5% 15may2036, USD (2025)
0.39%
US032556NJ70
0.39%
California, 5% 1mar2055, USD
0.38%
US4636324Q95
0.36%
California, 5.25% 1aug2032, USD
0.35%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.32%
East Bay Municipal Utility District, 5% 1jun2039, USD (2026B)
0.31%
US842475M859
0.31%
BSMU
Los Angeles Unified School District, 4% 1jul2044, USD
0.63%
New York Metropolitan Transportation Authority, 4.75% 15nov2045, USD (2020C)
0.59%
New York Metropolitan Transportation Authority, 5.25% 15nov2055, USD (2020C)
0.56%
California, 4% 1mar2036, USD
0.53%
Triborough Bridge and Tunnel Authority, 5% 15nov2049, USD (2020A)
0.43%
California, 5% 1mar2035, USD
0.40%
US544532QE75
0.40%
New York Metropolitan Transportation Authority, 5% 15nov2050, USD (2020C)
0.39%
New York Urban Development Corp., 5% 15mar2047, USD (2020C)
0.38%
US89602HFT95
0.35%
California, 5% 1nov2030, USD
0.33%
City of New York, 5% 1aug2030, USD
0.31%
US91412HWB58
0.31%
New Jersey Transportation Trust Fund Authority, 5% 15jun2045, USD
0.30%
Miracosta Community College District, 4% 1aug2045, USD
0.30%
Frequently asked questions about CMF and BSMU
How have the CMF and BSMU ETFs performed in 2026?
As of September 11, 2026, CMF is down -1.77% year-to-date (YTD), while BSMU has lost -1.13%. That puts BSMU better performer ahead so far this year.
Which ETF is attracting more investor money: CMF or BSMU?
Year-to-date, the CMF ETF saw +$920M in flows, compared to +$61M for BSMU.
Which ETF is more volatile: CMF or BSMU?
Over the past year, CMF had a volatility of 2.4%, while BSMU experienced 1.75%.
Which ETF is bigger: CMF or BSMU?
As of September 11, 2026, CMF holds $4.54 B in assets under management (AUM), while BSMU manages $279.17 M.
What sectors do the CMF and BSMU ETFs invest in?
CMF leans toward sectors like Municipal. Meanwhile, BSMU focuses on Municipal.
What are the top holdings of the CMF ETF and BSMU ETF?
CMF top holdings include Orange Water District, FRN 1aug2042, USD (2003A), Los Angeles Unified School District, 5% 1jul2031, USD (2024) and University of California, 5.5% 15may2040, USD. BSMU holds in its top three: 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).
Which ETF is more diversified: CMF or BSMU?
CMF holds 1640 securities with 5.91% of its assets in the top 15. BSMU has 1752 securities and a top 15 weight of 6.19%.
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Latest news about CMF & BSMU
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