PRIVvsCMFETF Comparison

ETF 1

PRIV

State Street IG Public & Private Credit ETF

This fund is part of

Intl IG Bonds

-0.13%

Full PRIV fund page

ETF 2

CMF

iShares California Muni Bond ETF

This fund is part of

Municipal Bonds

+0.2%

Full CMF fund page

State Street IG Public & Private Credit ETF (PRIV) belongs to the Intl IG Bonds segment. iShares California Muni Bond ETF (CMF) is part of the Municipal Bonds segment. PRIV's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, CMF's top sector exposures are Municipal and Non-Corporate. PRIV is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.08% for CMF. PRIV is down -1.03% year-to-date (YTD) with +$749M 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 PRIV 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.

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PRIV vs CMF performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PRIV CMF	+0.76%+1.62%	-0.65%-1.12%	-1.03%-1.31%	-0.88%-0.88%	n/a+11.69%	n/a+1.58%
Flows	PRIV CMF	-+$629M	-$12M+$877M	+$749M+$1.69B	+$707M+$2.02B	-+$3.23B	-+$3.71B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PRIV CMF	+4.42%+4.92%	+3.78%+3.17%	n/a+3.57%	n/a+3.60%
Max drawdown	PRIV CMF	-3.30%-5.53%	-4.56%-6.52%	n/a-6.52%	n/a-12.25%
Max drawdown duration	PRIV CMF	59d71d	236d236d	n/a236d	n/a1346d

Trading data

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	PRIV	CMF
Last sale 10/23/2026 at 1:30 PM	$24.29	$55.38
Previous close 10/22/2026	$24.30	$55.30
Consolidated volume 10/22/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 26, 2026

1-year trailing difference

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PRIV

is actively managed and doesn’t replicate an index

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	PRIV	CMF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/23/2026 at 1:30 PM

Live

Closed

	PRIV	CMF
Last price	$24.29	$55.38
1D performance	-0.04%	+0.14%
AuM	$807.35 M	$5.33 B
E/R	0.55%	0.08%

Characteristics

	PRIV	CMF
Management strategy	Active	Passive
Provider	State Street Investment Management	iShares
Benchmark	-	ICE AMT-Free California Municipal Index
N° of holdings	267	903
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	February 26, 2025	October 4, 2007
ESG	No	No

More PRIV data on Trackinsight

More CMF data on Trackinsight

Exposure

Countries

PRIV

USA

57.15%

Other

42.85%

CMF

USA

59.23%

Other

40.77%

Sectors

PRIV

Sovereign

15.4%

Industrials

12.73%

Finance

11.97%

Other

59.91%

CMF

Municipal

59.23%

Other

40.77%

Diversification

PRIV

Total weight of top 15 holdings out of 15

36.67%

CMF

Total weight of top 15 holdings out of 15

6.39%

Top 15 holdings

Data as of August 31, 2026

PRIV

USA, Notes 4.625% 15feb2035, USD (B-2035)

5.41%

USA, Bonds 4.75% 15aug2055, USD

4.94%

USA, Bonds 4.625% 15feb2055, USD

4.32%

US31418FJR91

2.79%

FR SD8491, 5% 1dec2054, USD (ABS)

2.55%

US31427QF565

2.55%

US3140XPCP22

2.24%

FN MA5530, 5% 1nov2054, USD (ABS)

2.02%

US00188TAA88

1.91%

FN MA5820, 4.5% 1sep2055, USD (ABS)

1.54%

AT&T Mobility II LLC

1.47%

US31427REK23

1.36%

US8574924663

1.27%

US002941AB88

1.17%

Southern Copper, 5.35% 24jun2036, USD

1.16%

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 PRIV and CMF

How have the PRIV and CMF ETFs performed in 2026?

As of October 23, 2026, PRIV is down -1.03% year-to-date (YTD), while CMF has lost -1.31%. That puts PRIV better performer ahead so far this year.

Which ETF is attracting more investor money: PRIV or CMF?

Year-to-date, the PRIV ETF saw +$749M in flows, compared to +$1.69B for CMF.

Which ETF is more volatile: PRIV or CMF?

Over the past year, PRIV had a volatility of 3.78%, while CMF experienced 3.17%.

Which ETF is bigger: PRIV or CMF?

As of October 23, 2026, PRIV holds $807.35 M in assets under management (AUM), while CMF manages $5.33 B.

What sectors do the PRIV and CMF ETFs invest in?

PRIV leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, CMF focuses on Municipal.

What are the top holdings of the PRIV ETF and CMF ETF?

PRIV top holdings include USA, Notes 4.625% 15feb2035, USD (B-2035), USA, Bonds 4.75% 15aug2055, USD and USA, Bonds 4.625% 15feb2055, USD. CMF holds in its top three: Orange Water District, FRN 1aug2042, USD (2003A), US79766DLC10 and US032556NJ70.

PRIVvsCMFETF Comparison

State Street IG Public & Private Credit ETF

iShares California Muni Bond ETF

PRIV vs CMF performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PRIV and CMF ETFs performed in 2026?

As of October 23, 2026, PRIV is down -1.03% year-to-date (YTD), while CMF has lost -1.31%. That puts PRIV better performer ahead so far this year.

Which ETF is attracting more investor money: PRIV or CMF?

Year-to-date, the PRIV ETF saw +$749M in flows, compared to +$1.69B for CMF.

Which ETF is more volatile: PRIV or CMF?

Over the past year, PRIV had a volatility of 3.78%, while CMF experienced 3.17%.

Which ETF is bigger: PRIV or CMF?

As of October 23, 2026, PRIV holds $807.35 M in assets under management (AUM), while CMF manages $5.33 B.

What sectors do the PRIV and CMF ETFs invest in?

PRIV leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, CMF focuses on Municipal.

What are the top holdings of the PRIV ETF and CMF ETF?

PRIV top holdings include USA, Notes 4.625% 15feb2035, USD (B-2035), USA, Bonds 4.75% 15aug2055, USD and USA, Bonds 4.625% 15feb2055, USD. CMF holds in its top three: Orange Water District, FRN 1aug2042, USD (2003A), US79766DLC10 and US032556NJ70.

Which ETF is more diversified: PRIV or CMF?

PRIV holds 346 securities with 36.67% of its assets in the top 15. CMF has 1670 securities and a top 15 weight of 6.39%.

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