CMFvsVTELETF Comparison
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iShares California Muni Bond ETF (CMF) and Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) belong to the same industry segment: Municipal Bonds. CMF's top 2 sector exposures are Municipal and Non-Corporate. In contrast, VTEL's top sector exposures are Municipal. CMF is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.09% for VTEL. CMF is down -0.97% year-to-date (YTD) with +$1.69B in YTD flows. VTEL performs worse with -1.36% YTD performance, and +$320M in YTD flows. Run a side-by-side ETF comparison of CMF and VTEL 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 VTEL 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 VTEL | +3.74%+4.46% | -1.10%-2.07% | -0.97%-1.36% | -0.54%-1.20% | +12.09%n/a | +1.97%n/a |
| Flows | CMF VTEL | +$548M+$77M | +$877M+$185M | +$1.69B+$320M | +$2.02B+$379M | +$3.13B- | +$3.71B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CMF VTEL | +4.99%+6.96% | +3.20%+4.40% | +3.57%n/a | +3.60%n/a |
| Max drawdown | CMF VTEL | -5.53%-7.25% | -6.52%-8.55% | -6.52%n/a | -12.25%n/a |
| Max drawdown duration | CMF VTEL | 74d74d | 239d112d | 239dn/a | 1346dn/a |
Trading data
CMF | VTEL | |
Last sale 10/27/2026 at 1:30 PM | $55.63 | $99.22 |
| Previous close 10/26/2026 | $55.57 | $99.09 |
| 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 September 30, 2026
1-year trailing difference
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CMF | VTEL | |
|---|---|---|
| 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 | VTEL | |
|---|---|---|
| Last price | $55.63 | $99.22 |
| 1D performance | +0.11% | +0.13% |
| AuM | $5.35 B | $485.69 M |
| E/R | 0.08% | 0.09% |
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Exposure
Countries
CMF
USA
59.23%
Other
40.77%
VTEL
USA
56.27%
Other
43.73%
Sectors
CMF
Municipal
59.23%
Other
40.77%
VTEL
Municipal
56.27%
Other
43.73%
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Diversification
CMF
Total weight of top 15 holdings out of 15
6.39%
VTEL
Total weight of top 15 holdings out of 15
1.79%
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%
VTEL
US13063EVD56
0.17%
US13063EUG96
0.16%
California, 5% 1aug2050, USD
0.14%
Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A)
0.13%
County of Jefferson (AL), 5.5% 1oct2053, USD (2024)
0.13%
US64972JN619
0.13%
New York Municipal Water Finance Authority, 5.25% 15jun2053, USD (2025)
0.12%
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.11%
US64972JDG04
0.11%
California, 5% 1aug2042, USD
0.11%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.10%
New Jersey Turnpike Authority, 5% 1jan2052, USD (2026)
0.10%
New York Urban Development Corp., 5% 15mar2043, USD (2020C)
0.10%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.10%
New York Metropolitan Transportation Authority, 4% 15nov2036, USD (2016B)
0.10%
Frequently asked questions about CMF and VTEL
How have the CMF and VTEL ETFs performed in 2026?
As of October 26, 2026, CMF is down -0.97% year-to-date (YTD), while VTEL has lost -1.36%. That puts CMF better performer ahead so far this year.
Which ETF is attracting more investor money: CMF or VTEL?
Year-to-date, the CMF ETF saw +$1.69B in flows, compared to +$320M for VTEL.
Which ETF is more volatile: CMF or VTEL?
Over the past year, CMF had a volatility of 3.2%, while VTEL experienced 4.4%.
Which ETF is bigger: CMF or VTEL?
As of October 26, 2026, CMF holds $5.35 B in assets under management (AUM), while VTEL manages $485.69 M.
What sectors do the CMF and VTEL ETFs invest in?
CMF leans toward sectors like Municipal. Meanwhile, VTEL focuses on Municipal.
What are the top holdings of the CMF ETF and VTEL ETF?
CMF top holdings include Orange Water District, FRN 1aug2042, USD (2003A), US79766DLC10 and US032556NJ70. VTEL holds in its top three: US13063EVD56, US13063EUG96 and California, 5% 1aug2050, USD.
Which ETF is more diversified: CMF or VTEL?
CMF holds 1670 securities with 6.39% of its assets in the top 15. VTEL has 4654 securities and a top 15 weight of 1.79%.
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Latest news about CMF & VTEL
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