IROCvsCATFETF Comparison
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Invesco Rochester High Yield Municipal ETF (IROC) belongs to the US Aggregate Bonds segment. American Century California Municipal Bond ETF (CATF) is part of the Municipal Bonds segment. Both ETFs have the same top 1 sector exposures: Municipal. IROC is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.25% for CATF. IROC is down -2.14% year-to-date (YTD) with +$98M in YTD flows. CATF performs better with -0.64% YTD performance, and +$96M in YTD flows. Run a side-by-side ETF comparison of IROC and CATF 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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IROC vs CATF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IROC CATF | +0.66%+1.50% | -2.26%-0.98% | -2.14%-0.64% | -1.60%-0.14% | +14.22%n/a | n/an/a |
| Flows | IROC CATF | +$34M+$38M | +$71M+$74M | +$98M+$96M | +$138M+$101M | +$173M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IROC CATF | +5.73%+5.16% | +3.60%+3.33% | +3.52%n/a | n/an/a |
| Max drawdown | IROC CATF | -6.05%-5.48% | -7.11%-6.34% | -7.11%n/a | n/an/a |
| Max drawdown duration | IROC CATF | 71d71d | 109d109d | 109dn/a | n/an/a |
Trading data
IROC | CATF | |
Last sale 10/23/2026 at 1:30 PM | $48.70 | $48.47 |
| Previous close 10/22/2026 | $48.66 | $48.39 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
IROC | CATF | |
|---|---|---|
| Last price | $48.70 | $48.47 |
| 1D performance | +0.08% | +0.18% |
| AuM | $198.29 M | $154.83 M |
| E/R | 0.4% | 0.25% |
Characteristics
IROC | CATF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Invesco | American Century Investments |
| Benchmark | - | - |
| N° of holdings | 71 | 109 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2022 | July 18, 2024 |
| ESG | No | No |
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Exposure
Countries
IROC
USA
40.88%
Other
59.12%
CATF
USA
39.08%
Other
60.92%
Sectors
IROC
Municipal
40.88%
Other
59.12%
CATF
Municipal
39.08%
Other
60.92%
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Diversification
IROC
Total weight of top 15 holdings out of 15
18.23%
CATF
Total weight of top 15 holdings out of 15
12.15%
Top 15 holdings
Data as of August 31, 2026
IROC
Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A)
1.28%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.28%
US13013JGF75
1.25%
US37353PWV74
1.25%
US812643H643
1.24%
US121342PQ61
1.24%
City of New York, FRN 1dec2047, USD
1.24%
Washington Suburban Sanitary District, FRN 1jun2027, USD
1.24%
Mississippi Business Finance Corp., FRN 1nov2035, USD (2010I)
1.24%
US677561LA84
1.24%
US686507NQ33
1.24%
Gulf Coast Industrial Development Authority, FRN 1nov2041, USD (2012)
1.24%
US63608TBR05
1.09%
Texas, 5% 1aug2041, USD
1.07%
Massachusetts Development Finance Agency, 5% 1jan2047, USD
1.05%
CATF
California, 3.5% 1dec2030, USD
1.43%
Riverside Transportation Commission, 4% 1jun2046, USD
0.91%
US684133KT71
0.87%
California, 4% 1sep2043, USD
0.86%
US13032UN611
0.84%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.82%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.82%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
0.76%
US13048VV394
0.73%
US13032UX453
0.72%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.71%
Desert Community College District, 5% 1aug2051, USD (2016)
0.69%
US544647JV34
0.67%
US13032U6J26
0.67%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
0.67%
Frequently asked questions about IROC and CATF
How have the IROC and CATF ETFs performed in 2026?
As of October 23, 2026, IROC is down -2.14% year-to-date (YTD), while CATF has lost -0.64%. That puts CATF better performer ahead so far this year.
Which ETF is attracting more investor money: IROC or CATF?
Year-to-date, the IROC ETF saw +$98M in flows, compared to +$96M for CATF.
Which ETF is more volatile: IROC or CATF?
Over the past year, IROC had a volatility of 3.6%, while CATF experienced 3.33%.
Which ETF is bigger: IROC or CATF?
As of October 23, 2026, IROC holds $198.29 M in assets under management (AUM), while CATF manages $154.83 M.
What sectors do the IROC and CATF ETFs invest in?
IROC leans toward sectors like Municipal. Meanwhile, CATF focuses on Municipal.
What are the top holdings of the IROC ETF and CATF ETF?
IROC top holdings include Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A), Kentucky Public Energy Authority, 5% 1dec2033, USD (2025) and US13013JGF75. CATF holds in its top three: California, 3.5% 1dec2030, USD, Riverside Transportation Commission, 4% 1jun2046, USD and US684133KT71.
Which ETF is more diversified: IROC or CATF?
IROC holds 174 securities with 18.23% of its assets in the top 15. CATF has 312 securities and a top 15 weight of 12.15%.
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