CMFvsSCMBETF Comparison
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iShares California Muni Bond ETF (CMF) and Schwab Municipal Bond ETF (SCMB) belong to the same industry segment: Municipal Bonds. CMF's top 2 sector exposures are Municipal and Non-Corporate. In contrast, SCMB's top sector exposures are Municipal. CMF is more expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.03% for SCMB. CMF is down -0.97% year-to-date (YTD) with +$1.69B in YTD flows. SCMB performs worse with -0.99% YTD performance, and +$1.44B in YTD flows. Run a side-by-side ETF comparison of CMF and SCMB 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 SCMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CMF SCMB | +3.74%+3.94% | -1.10%-1.28% | -0.97%-0.99% | -0.54%-0.70% | +12.09%+12.56% | +1.97%n/a |
| Flows | CMF SCMB | +$548M+$876M | +$877M+$204M | +$1.69B+$1.44B | +$2.02B+$1.72B | +$3.13B+$3.95B | +$3.71B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CMF SCMB | +4.99%+5.54% | +3.20%+3.51% | +3.57%+3.88% | +3.60%n/a |
| Max drawdown | CMF SCMB | -5.53%-5.88% | -6.52%-6.81% | -6.52%-6.81% | -12.25%n/a |
| Max drawdown duration | CMF SCMB | 74d74d | 239d113d | 239d113d | 1346dn/a |
Trading data
CMF | SCMB | |
Last sale 10/27/2026 at 1:30 PM | $55.63 | $24.72 |
| Previous close 10/26/2026 | $55.57 | $24.74 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 28, 2026
1-year trailing difference
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CMF | SCMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
CMF | SCMB | |
|---|---|---|
| Last price | $55.63 | $24.72 |
| 1D performance | +0.11% | -0.08% |
| AuM | $5.35 B | $4.04 B |
| E/R | 0.08% | 0.03% |
Characteristics
CMF | SCMB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Schwab ETFs |
| Benchmark | ICE AMT-Free California Municipal Index | ICE AMT-Free Core U.S. National Municipal Index |
| N° of holdings | 903 | 302 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 4, 2007 | October 12, 2022 |
| ESG | No | No |
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Exposure
Countries
CMF
USA
59.23%
Other
40.77%
SCMB
USA
58.8%
Other
41.2%
Sectors
CMF
Municipal
59.23%
Other
40.77%
SCMB
Municipal
58.8%
Other
41.2%
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Diversification
CMF
Total weight of top 15 holdings out of 15
6.39%
SCMB
Total weight of top 15 holdings out of 15
8.86%
Top 15 holdings
Data as of August 31, 2026
CMF
Orange Water District, FRN 1aug2042, USD (2003A)
0.60%
US79766DLC10
0.52%
US032556NJ70
0.49%
Los Angeles Unified School District, 5% 1jul2031, USD (2024)
0.47%
University of California, 5.5% 15may2040, USD
0.46%
California Educational Facilities Authority, 5% 1may2045, USD
0.44%
US4636324Q95
0.44%
US79905CAB90
0.42%
Los Angeles Unified School District, 5% 1jul2034, USD (2024A)
0.41%
US13077DUT70
0.40%
University of California, 5% 15may2036, USD (2025)
0.39%
California, 5% 1mar2055, USD
0.37%
California, 5.25% 1aug2032, USD
0.34%
US91412GSH91
0.32%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.32%
SCMB
New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026)
1.11%
US59261A3T29
0.97%
University of California, 5% 15nov2041, USD (2026)
0.76%
Massachusetts, 5% 1nov2043, USD (2017)
0.70%
Pennsylvania, 4% 1mar2036, USD
0.56%
City of New York, FRN 1apr2042, USD
0.56%
University of California, 5% 15nov2035, USD (2026)
0.48%
US68607DXA89
0.47%
US544647HQ66
0.47%
US74265L3A45
0.47%
US592112XL58
0.47%
City of New York, 5% 1aug2032, USD (2022)
0.46%
City of New York, 5.4% 1aug2006, USD
0.46%
US709225GV28
0.46%
California, 5% 1sep2031, USD
0.46%
Frequently asked questions about CMF and SCMB
How have the CMF and SCMB ETFs performed in 2026?
As of October 26, 2026, CMF is down -0.97% year-to-date (YTD), while SCMB has lost -0.99%. That puts CMF better performer ahead so far this year.
Which ETF is attracting more investor money: CMF or SCMB?
Year-to-date, the CMF ETF saw +$1.69B in flows, compared to +$1.44B for SCMB.
Which ETF is more volatile: CMF or SCMB?
Over the past year, CMF had a volatility of 3.2%, while SCMB experienced 3.51%.
Which ETF is bigger: CMF or SCMB?
As of October 26, 2026, CMF holds $5.35 B in assets under management (AUM), while SCMB manages $4.04 B.
What sectors do the CMF and SCMB ETFs invest in?
CMF leans toward sectors like Municipal. Meanwhile, SCMB focuses on Municipal.
What are the top holdings of the CMF ETF and SCMB ETF?
CMF top holdings include Orange Water District, FRN 1aug2042, USD (2003A), US79766DLC10 and US032556NJ70. SCMB holds in its top three: New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026), US59261A3T29 and University of California, 5% 15nov2041, USD (2026).
Which ETF is more diversified: CMF or SCMB?
CMF holds 1670 securities with 6.39% of its assets in the top 15. SCMB has 522 securities and a top 15 weight of 8.86%.
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Latest news about CMF & SCMB
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