HYDvsCMFETF Comparison
VS
VanEck High Yield Muni ETF (HYD) and iShares California Muni Bond ETF (CMF) belong to the same industry segment: Municipal Bonds. HYD's top 1 sector exposures are Municipal. In contrast, CMF's top sector exposures are Municipal and Non-Corporate. HYD is more expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.08% for CMF. HYD is down -0.53% year-to-date (YTD) with +$605M in YTD flows. CMF performs worse with -1.31% YTD performance, and +$1.69B in YTD flows. Run a side-by-side ETF comparison of HYD and CMF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
HYD vs CMF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HYD CMF | +0.88%+1.62% | -1.85%-1.12% | -0.53%-1.31% | -0.16%-0.88% | +16.23%+11.69% | -2.77%+1.58% |
| Flows | HYD CMF | +$438M+$629M | +$132M+$877M | +$605M+$1.69B | +$1.05B+$2.02B | +$1.97B+$3.23B | +$1.73B+$3.71B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HYD CMF | +5.92%+4.92% | +3.73%+3.17% | +4.49%+3.57% | +4.68%+3.60% |
| Max drawdown | HYD CMF | -6.09%-5.53% | -6.77%-6.52% | -6.77%-6.52% | -19.44%-12.25% |
| Max drawdown duration | HYD CMF | 71d71d | 109d236d | 109d236d | 1754d1346d |
Trading data
HYD | CMF | |
Last sale 10/26/2026 at 1:30 PM | $49.48 | $55.57 |
| Previous close 10/23/2026 | $49.23 | $55.38 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 27, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
HYD | CMF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
HYD | CMF | |
|---|---|---|
| Last price | $49.48 | $55.57 |
| 1D performance | +0.51% | +0.34% |
| AuM | $4.46 B | $5.33 B |
| E/R | 0.32% | 0.08% |
Advertisement
Exposure
Countries
HYD
USA
60.08%
Other
39.92%
CMF
USA
59.23%
Other
40.77%
Sectors
HYD
Municipal
60.08%
Other
39.92%
CMF
Municipal
59.23%
Other
40.77%
Advertisement
Diversification
HYD
Total weight of top 15 holdings out of 15
8.65%
CMF
Total weight of top 15 holdings out of 15
6.39%
Top 15 holdings
Data as of August 31, 2026
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.01%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.79%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.62%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.61%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.52%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
US442349GA89
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
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%
Frequently asked questions about HYD and CMF
How have the HYD and CMF ETFs performed in 2026?
As of October 23, 2026, HYD is down -0.53% year-to-date (YTD), while CMF has lost -1.31%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: HYD or CMF?
Year-to-date, the HYD ETF saw +$605M in flows, compared to +$1.69B for CMF.
Which ETF is more volatile: HYD or CMF?
Over the past year, HYD had a volatility of 3.73%, while CMF experienced 3.17%.
Which ETF is bigger: HYD or CMF?
As of October 23, 2026, HYD holds $4.46 B in assets under management (AUM), while CMF manages $5.33 B.
What sectors do the HYD and CMF ETFs invest in?
HYD leans toward sectors like Municipal. Meanwhile, CMF focuses on Municipal.
What are the top holdings of the HYD ETF and CMF ETF?
HYD top holdings include Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B). CMF holds in its top three: Orange Water District, FRN 1aug2042, USD (2003A), US79766DLC10 and US032556NJ70.
Which ETF is more diversified: HYD or CMF?
HYD holds 1443 securities with 8.65% of its assets in the top 15. CMF has 1670 securities and a top 15 weight of 6.39%.
Advertisement
Latest news about HYD & CMF
How Investors can Maximize Tax Efficiency with Income ETFs
July 22, 2026
HYD
Which Types of Bond ETFs Are the Most Tax Efficient?
September 2, 2025
HYD
CMF
Advertisement
Advertisement
