DFCAvsBKMIETF Comparison
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Dimensional California Municipal Bond ETF (DFCA) and BNY Mellon Municipal Intermediate ETF (BKMI) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. DFCA is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.35% for BKMI. Run a side-by-side ETF comparison of DFCA and BKMI 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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DFCA vs BKMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFCA BKMI | -0.25%-0.03% | -2.57%-2.74% | -1.42%n/a | -0.56%n/a | +7.63%n/a | n/an/a |
| Flows | DFCA BKMI | -$180M-$129M | -$157M-$109M | -$53M- | +$6M- | +$368M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFCA BKMI | +3.74%+4.71% | +2.24%n/a | +2.42%n/a | n/an/a |
| Max drawdown | DFCA BKMI | -4.53%-5.28% | -4.89%n/a | -4.89%n/a | n/an/a |
| Max drawdown duration | DFCA BKMI | 92d92d | 228dn/a | 228dn/a | n/an/a |
Trading data
DFCA | BKMI | |
Last sale 10/19/2026 at 5:23 PM | $48.33 | $25.28 |
| Previous close 10/16/2026 | $48.39 | $25.22 |
| 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 5:23 PM
Live
Closed
DFCA | BKMI | |
|---|---|---|
| Last price | $48.33 | $25.28 |
| 1D performance | -0.13% | +0.25% |
| AuM | $522.39 M | $1.53 B |
| E/R | 0.19% | 0.35% |
Characteristics
DFCA | BKMI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Dimensional | BNY Mellon |
| Benchmark | - | - |
| N° of holdings | 130 | 134 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 27, 2023 | January 9, 2026 |
| ESG | No | No |
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Exposure
Countries
DFCA
USA
36.89%
Other
63.11%
BKMI
USA
34.18%
Other
65.82%
Sectors
DFCA
Municipal
36.89%
Other
63.11%
BKMI
Municipal
34.18%
Other
65.82%
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Diversification
DFCA
Total weight of top 15 holdings out of 15
16.19%
BKMI
Total weight of top 15 holdings out of 15
10.78%
Top 15 holdings
Data as of August 31, 2026
DFCA
US072024YF30
2.25%
US544657JD25
1.84%
California, 5% 1apr2035, USD
1.53%
US769110DA28
1.32%
US797661G257
1.04%
City of Los Angeles, 5% 24jun2027, USD (2026)
0.96%
US544647HM52
0.91%
US797661D510
0.90%
California, 5% 1oct2042, USD
0.88%
California, 5% 1oct2029, USD
0.79%
US013079R2J7
0.77%
California, 5% 1mar2038, USD
0.77%
US797661F424
0.76%
California, 4% 1nov2036, USD
0.74%
US13077DYZ94
0.73%
BKMI
US452227VK43
0.95%
New York Liberty Development Corp., 5% 15nov2044, USD
0.93%
US736742ZR10
0.82%
State of Washington, 5% 1jul2038, USD (2023B)
0.75%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2033, USD (2018A)
0.74%
US56682HDR75
0.71%
US59333APJ42
0.67%
New York Dormitory Authority, 5% 1oct2035, USD (2026A)
0.66%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.66%
US74445HAL42
0.66%
US59261A4U82
0.65%
US87638TJU88
0.65%
US56035DHT28
0.65%
US88283KCB26
0.65%
City of New York, 7.5% 1feb2021, USD (1992-G)
0.65%
Frequently asked questions about DFCA and BKMI
Which ETF is bigger: DFCA or BKMI?
As of October 15, 2026, DFCA holds $522.39 M in assets under management (AUM), while BKMI manages $1.53 B.
What sectors do the DFCA and BKMI ETFs invest in?
DFCA leans toward sectors like Municipal. Meanwhile, BKMI focuses on Municipal.
What are the top holdings of the DFCA ETF and BKMI ETF?
DFCA top holdings include US072024YF30, US544657JD25 and California, 5% 1apr2035, USD. BKMI holds in its top three: US452227VK43, New York Liberty Development Corp., 5% 15nov2044, USD and US736742ZR10.
Which ETF is more diversified: DFCA or BKMI?
DFCA holds 490 securities with 16.19% of its assets in the top 15. BKMI has 529 securities and a top 15 weight of 10.78%.
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