JCALvsIBMOETF Comparison
VS
JPMorgan California Tax Free Bond ETF (JCAL) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) belong to the same industry segment: Municipal Bonds. JCAL's top 1 sector exposures are Municipal. In contrast, IBMO's top sector exposures are Municipal and Non-Corporate. JCAL is more expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.1% for IBMO. Run a side-by-side ETF comparison of JCAL and IBMO 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
JCAL vs IBMO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JCAL IBMO | +3.31%+0.21% | -0.50%+0.62% | n/a+2.02% | n/a+2.53% | n/a+10.87% | n/a+4.87% |
| Flows | JCAL IBMO | -$12M-$41M | +$14M-$74M | --$67M | --$6M | -+$170M | -+$381M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JCAL IBMO | +4.64%+0.13% | n/a+0.20% | n/a+0.78% | n/a+1.51% |
| Max drawdown | JCAL IBMO | -5.04%n/a | n/a-0.05% | n/a-0.74% | n/a-8.06% |
| Max drawdown duration | JCAL IBMO | 78dn/a | n/a13d | n/a46d | n/a1150d |
Trading data
JCAL | IBMO | |
Last sale 11/2/2026 at 2:30 PM | $48.56 | $25.59 |
| Previous close 10/30/2026 | $48.79 | $25.64 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
JCAL
is actively managed and doesn’t replicate an indexJCAL | IBMO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
JCAL | IBMO | |
|---|---|---|
| Last price | $48.56 | $25.59 |
| 1D performance | -0.47% | -0.20% |
| AuM | $510.77 M | $502.87 M |
| E/R | 0.44% | 0.1% |
Characteristics
JCAL | IBMO | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | J.P. Morgan Asset Management | iShares |
| Benchmark | - | S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index |
| N° of holdings | 112 | 193 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 12, 2026 | April 2, 2019 |
| ESG | No | No |
Advertisement
Exposure
Countries
JCAL
USA
40.33%
Other
59.67%
IBMO
USA
41.09%
Other
58.91%
Sectors
JCAL
Municipal
40.33%
Other
59.67%
IBMO
Municipal
40.78%
Other
59.22%
Diversification
JCAL
Total weight of top 15 holdings out of 15
16.28%
IBMO
Total weight of top 15 holdings out of 15
50.5%
Top 15 holdings
Data as of September 30, 2026
JCAL
US072024ZH86
2.13%
US072024C758
1.83%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
1.09%
US13063EGP51
1.07%
California, FRN 1may2033, USD (2003A-1)
1.07%
US568087BK56
1.06%
County of Santa Clara, 4% 1aug2038, USD
0.99%
US13032U7S16
0.98%
California Infrastructure and Economic Development Bank, 5% 1nov2029, USD (2024)
0.97%
North Orange Community College District, 4% 1aug2044, USD
0.94%
US13032UX453
0.92%
California Community Choice Financing Authority, 5% 1dec2035, USD (2025G)
0.83%
US13034A3Y44
0.82%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.80%
Sacramento Municipal Utility District, 5% 15aug2049, USD (2023)
0.78%
IBMO
US1966307T89
4.63%
Orlando Utilities Commission, FRN 1oct2039, USD (2015B)
4.63%
California, FRN 1may2046, USD (2024C-1)
4.62%
US20775DTT99
4.44%
US812643ZK32
3.93%
US79642GTU66
3.92%
US254845VW74
3.70%
US44244CN944
3.70%
US89602RPH20
3.09%
US196707Y498
2.59%
Battery Park City Authority, FRN 1nov2038, USD (2019D)
2.52%
New York Dormitory Authority, FRN 1sep2039, USD (2009A)
2.35%
Metropolitan Atlanta Rapid Transit Authority, FRN 1jul2045, USD (2026B)
2.22%
Long Island Power Authority, FRN 1sep2042, USD (2026A)
2.09%
US576051R651
2.05%
Frequently asked questions about JCAL and IBMO
Which ETF is bigger: JCAL or IBMO?
As of October 30, 2026, JCAL holds $510.77 M in assets under management (AUM), while IBMO manages $502.87 M.
What sectors do the JCAL and IBMO ETFs invest in?
JCAL leans toward sectors like Municipal. Meanwhile, IBMO focuses on Municipal.
What are the top holdings of the JCAL ETF and IBMO ETF?
JCAL top holdings include US072024ZH86, US072024C758 and California Community Choice Financing Authority, 5% 1feb2055, USD (2024D). IBMO holds in its top three: US1966307T89, Orlando Utilities Commission, FRN 1oct2039, USD (2015B) and California, FRN 1may2046, USD (2024C-1).
Which ETF is more diversified: JCAL or IBMO?
JCAL holds 307 securities with 16.28% of its assets in the top 15. IBMO has 439 securities and a top 15 weight of 50.5%.
Advertisement
Advertisement
