DFCAvsCGMUETF Comparison
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Dimensional California Municipal Bond ETF (DFCA) and Capital Group Municipal Income ETF (CGMU) 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 0.27% for CGMU. DFCA is down -1.42% year-to-date (YTD) with -$53M in YTD flows. CGMU performs better with -1.32% YTD performance, and +$2.65B in YTD flows. Run a side-by-side ETF comparison of DFCA and CGMU 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 CGMU 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 CGMU | -0.25%-0.17% | -2.57%-2.70% | -1.42%-1.32% | -0.56%-0.61% | +7.63%+13.46% | n/an/a |
| Flows | DFCA CGMU | -$180M+$514M | -$157M+$1.02B | -$53M+$2.65B | +$6M+$3.21B | +$368M+$7.09B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFCA CGMU | +3.74%+4.29% | +2.24%+2.73% | +2.42%+3.16% | n/an/a |
| Max drawdown | DFCA CGMU | -4.53%-4.89% | -4.89%-5.69% | -4.89%-5.69% | n/an/a |
| Max drawdown duration | DFCA CGMU | 92d92d | 228d229d | 228d229d | n/an/a |
Trading data
DFCA | CGMU | |
Last sale 10/19/2026 at 4:21 PM | $48.28 | $26.32 |
| Previous close 10/16/2026 | $48.39 | $26.36 |
| 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 4:21 PM
Live
Closed
DFCA | CGMU | |
|---|---|---|
| Last price | $48.28 | $26.32 |
| 1D performance | -0.23% | -0.17% |
| AuM | $522.39 M | $7.20 B |
| E/R | 0.19% | 0.27% |
Characteristics
DFCA | CGMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Dimensional | Capital Group |
| Benchmark | - | - |
| N° of holdings | 130 | 639 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 27, 2023 | October 25, 2022 |
| ESG | No | No |
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Exposure
Countries
DFCA
USA
36.89%
Other
63.11%
CGMU
USA
38.11%
Other
61.89%
Sectors
DFCA
Municipal
36.89%
Other
63.11%
CGMU
Municipal
38.11%
Other
61.89%
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Diversification
DFCA
Total weight of top 15 holdings out of 15
16.19%
CGMU
Total weight of top 15 holdings out of 15
6.67%
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%
CGMU
Puerto Rico, FRN 1nov2043, USD
0.76%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.64%
Black Belt Energy Gas District, 5.25% 1jun2036, USD (2026)
0.58%
US771902HN68
0.54%
City of New York, 9% 15aug2015, USD
0.52%
US09182TLC98
0.48%
California Community Choice Financing Authority, 5% 1jun2036, USD (2026F)
0.42%
Black Belt Energy Gas District, 5% 1jul2033, USD (2026)
0.41%
US57421CLT98
0.37%
US13034A7F19
0.36%
Texas Municipal Gas Acquisition and Supply Corp., 5.25% 1mar2037, USD (2026A)
0.34%
New Jersey Health Care Facilities Financing Authority, 5% 1jul2029, USD (2026A)
0.32%
Black Belt Energy Gas District, 5% 1jun2036, USD (2026)
0.31%
US19648FJ963
0.31%
US89602RKE44
0.31%
Frequently asked questions about DFCA and CGMU
How have the DFCA and CGMU ETFs performed in 2026?
As of October 15, 2026, DFCA is down -1.42% year-to-date (YTD), while CGMU has lost -1.32%. That puts CGMU better performer ahead so far this year.
Which ETF is attracting more investor money: DFCA or CGMU?
Year-to-date, the DFCA ETF saw -$53M in flows, compared to +$2.65B for CGMU.
Which ETF is more volatile: DFCA or CGMU?
Over the past year, DFCA had a volatility of 2.24%, while CGMU experienced 2.73%.
Which ETF is bigger: DFCA or CGMU?
As of October 15, 2026, DFCA holds $522.39 M in assets under management (AUM), while CGMU manages $7.20 B.
What sectors do the DFCA and CGMU ETFs invest in?
DFCA leans toward sectors like Municipal. Meanwhile, CGMU focuses on Municipal.
What are the top holdings of the DFCA ETF and CGMU ETF?
DFCA top holdings include US072024YF30, US544657JD25 and California, 5% 1apr2035, USD. CGMU holds in its top three: Puerto Rico, FRN 1nov2043, USD, Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD and Black Belt Energy Gas District, 5.25% 1jun2036, USD (2026).
Which ETF is more diversified: DFCA or CGMU?
DFCA holds 490 securities with 16.19% of its assets in the top 15. CGMU has 2314 securities and a top 15 weight of 6.67%.
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