SHYMvsCALIETF Comparison
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iShares Short Duration High Yield Muni Active ETF (SHYM) and iShares Short-Term California Muni Active ETF (CALI) belong to the same industry segment: Municipal Bonds. SHYM's top 3 sector exposures are Municipal, Non-Corporate and Healthcare. In contrast, CALI's top sector exposures are Municipal. SHYM is more expensive with a Total Expense Ratio (TER) of 0.42%, versus 0.25% for CALI. SHYM is up 0.25% year-to-date (YTD) with +$440M in YTD flows. CALI performs better with 0.9% YTD performance, and +$404M in YTD flows. Run a side-by-side ETF comparison of SHYM and CALI 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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SHYM vs CALI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SHYM CALI | -0.08%-0.05% | -2.02%-0.21% | +0.25%+0.90% | +1.10%+1.30% | +20.12%+9.11% | +2.88%n/a |
| Flows | SHYM CALI | +$36M+$102M | +$87M+$200M | +$440M+$404M | +$480M+$452M | +$839M+$601M | +$861M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHYM CALI | +3.96%+1.21% | +2.43%+0.73% | +4.67%+0.76% | +5.25%n/a |
| Max drawdown | SHYM CALI | -4.11%-1.20% | -4.56%-1.20% | -5.75%-1.20% | -21.21%n/a |
| Max drawdown duration | SHYM CALI | 92d51d | 102d51d | 215d51d | 1065dn/a |
Trading data
SHYM | CALI | |
Last sale 10/16/2026 at 1:30 PM | $21.62 | $49.96 |
| Previous close 10/15/2026 | $21.58 | $49.95 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
SHYM | CALI | |
|---|---|---|
| Last price | $21.62 | $49.96 |
| 1D performance | +0.16% | +0.01% |
| AuM | $855.17 M | $614.49 M |
| E/R | 0.42% | 0.25% |
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Exposure
Countries
SHYM
USA
43.27%
Other
56.73%
CALI
USA
25.25%
Other
74.75%
Sectors
SHYM
Municipal
36.47%
Other
63.53%
CALI
Municipal
25.25%
Other
74.75%
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Diversification
SHYM
Total weight of top 15 holdings out of 15
22.58%
CALI
Total weight of top 15 holdings out of 15
24.9%
Top 15 holdings
Data as of August 31, 2026
SHYM
BlackRock Liquidity MuniCash
6.67%
Puerto Rico, FRN 1nov2051, USD
1.76%
Black Belt Energy Gas District, 5% 1dec2031, USD (2026)
1.41%
Atlanta, 5% 1nov2032, USD (2026)
1.36%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
1.24%
Denver, 5% 1oct2032, USD (2017)
1.19%
US592250FA71
1.15%
US13034A7E44
1.10%
Black Belt Energy Gas District, 5% 1jul2033, USD (2026)
1.03%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.00%
Philadelphia Authority for Industrial Development, 5.5% 1dec2058, USD
0.99%
New York Transportation Development Corp., 5.25% 1aug2031, USD (2020)
0.98%
US64947PAA49
0.94%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.88%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2029, USD (3792D)
0.88%
CALI
Orange Water District, FRN 1aug2042, USD (2003A)
2.37%
US607804AC55
2.33%
US13063BCS97
2.01%
US59266TYR66
1.93%
Bay Area Toll Authority, FRN 1apr2059, USD (2026)
1.83%
US88035F7U81
1.80%
US13034DAH70
1.66%
US91412HTJ22
1.48%
US13032UJ338
1.48%
US13033LSZ12
1.46%
Northern California Energy Authority, 5% 1dec2054, USD (2024)
1.42%
California Community Choice Financing Authority, 5% 1feb2031, USD (2026D)
1.40%
US13048RAN70
1.33%
US130536RN77
1.22%
US59266TXN61
1.20%
Frequently asked questions about SHYM and CALI
How have the SHYM and CALI ETFs performed in 2026?
As of October 16, 2026, SHYM is up 0.25% year-to-date (YTD), while CALI has returned 0.9%. That puts CALI better performer ahead so far this year.
Which ETF is attracting more investor money: SHYM or CALI?
Year-to-date, the SHYM ETF saw +$440M in flows, compared to +$404M for CALI.
Which ETF is more volatile: SHYM or CALI?
Over the past year, SHYM had a volatility of 2.43%, while CALI experienced 0.73%.
Which ETF is bigger: SHYM or CALI?
As of October 16, 2026, SHYM holds $855.17 M in assets under management (AUM), while CALI manages $614.49 M.
What sectors do the SHYM and CALI ETFs invest in?
SHYM leans toward sectors like Municipal. Meanwhile, CALI focuses on Municipal.
What are the top holdings of the SHYM ETF and CALI ETF?
SHYM top holdings include BlackRock Liquidity MuniCash, Puerto Rico, FRN 1nov2051, USD and Black Belt Energy Gas District, 5% 1dec2031, USD (2026). CALI holds in its top three: Orange Water District, FRN 1aug2042, USD (2003A), US607804AC55 and US13063BCS97.
Which ETF is more diversified: SHYM or CALI?
SHYM holds 454 securities with 22.58% of its assets in the top 15. CALI has 204 securities and a top 15 weight of 24.9%.
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