SMMUvsCAMETF Comparison
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PIMCO Short Term Municipal Bond Active ETF (SMMU) and AB California Intermediate Municipal ETF (CAM) belong to the same industry segment: Municipal Bonds. SMMU's top 3 sector exposures are Municipal, Sovereign and Government Agencies. In contrast, CAM's top sector exposures are Municipal. SMMU is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.27% for CAM. SMMU is up 0.95% year-to-date (YTD) with +$276M in YTD flows. CAM performs worse with -0.79% YTD performance, and +$109M in YTD flows. Run a side-by-side ETF comparison of SMMU and CAM 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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SMMU vs CAM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMMU CAM | +0.24%-0.26% | -0.24%-1.99% | +0.95%-0.79% | +1.50%-0.20% | +11.04%n/a | +9.77%n/a |
| Flows | SMMU CAM | +$51M+$6M | +$110M+$20M | +$276M+$109M | +$272M+$128M | +$695M- | +$707M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMMU CAM | +2.02%+3.36% | +1.19%+2.16% | +1.38%n/a | +1.34%n/a |
| Max drawdown | SMMU CAM | -1.87%-3.68% | -1.87%-4.26% | -1.87%n/a | -4.42%n/a |
| Max drawdown duration | SMMU CAM | 52d64d | 52d229d | 52dn/a | 738dn/a |
Trading data
SMMU | CAM | |
Last sale 10/16/2026 at 1:30 PM | $49.82 | $24.34 |
| Previous close 10/15/2026 | $49.83 | $24.31 |
| 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
SMMU | CAM | |
|---|---|---|
| Last price | $49.82 | $24.34 |
| 1D performance | -0.02% | +0.12% |
| AuM | $1.24 B | $1.19 B |
| E/R | 0.35% | 0.27% |
Characteristics
SMMU | CAM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PIMCO | AllianceBernstein |
| Benchmark | - | - |
| N° of holdings | 107 | 138 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 1, 2010 | October 3, 2025 |
| ESG | No | No |
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Exposure
Countries
SMMU
USA
42.82%
Other
57.18%
CAM
USA
42.69%
Other
57.31%
Sectors
SMMU
Municipal
27.39%
Sovereign
10.62%
Other
61.99%
CAM
Municipal
42.69%
Other
57.31%
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Diversification
SMMU
Total weight of top 15 holdings out of 15
24.02%
CAM
Total weight of top 15 holdings out of 15
22.47%
Top 15 holdings
Data as of August 31, 2026
SMMU
USA, Bills 0% 20oct2026, USD (119D)
5.93%
FHLB, 0% 21sep2026, USD (364D)
2.62%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
1.69%
US20775DL830
1.65%
USA, Bills 0% 15sep2026, USD (119D)
1.42%
FHLB, 0% 4sep2026, USD (365D)
1.40%
New York Municipal Water Finance Authority, FRN 15jun2050, USD
1.27%
Tarrant Cultural Education Facilities Finance Corp., FRN 15nov2063, USD (2026A&B)
1.16%
Fort Bend Independent School District, FRN 1aug2055, USD (2025B)
1.15%
US593344CB87
1.04%
US20775DZL99
1.03%
US20775DTS17
0.98%
US57585BRA88
0.91%
US678604AC33
0.90%
US13063EUT18
0.86%
CAM
City of Los Angeles, 5% 24jun2027, USD (2026)
3.35%
City of San Diego, 5% 30jun2027, USD (2026)
2.93%
US544657JD25
2.51%
US13013JCM62
1.46%
US13013JDB98
1.43%
US13034A7F19
1.33%
California Community Choice Financing Authority, 5% 1jan2056, USD (2024H)
1.25%
US79766DWM72
1.16%
US544446BT39
1.14%
Bay Area Toll Authority, 3.54% 1apr2056, USD (2021)
1.09%
California Community Choice Financing Authority, 5% 1nov2055, USD (2024G)
1.08%
US769110DA28
1.03%
San Francisco Airport Commission, 5% 1may2034, USD (2019A)
0.94%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
0.88%
US79739GRG37
0.88%
Frequently asked questions about SMMU and CAM
How have the SMMU and CAM ETFs performed in 2026?
As of October 16, 2026, SMMU is up 0.95% year-to-date (YTD), while CAM has lost -0.79%. That puts SMMU better performer ahead so far this year.
Which ETF is attracting more investor money: SMMU or CAM?
Year-to-date, the SMMU ETF saw +$276M in flows, compared to +$109M for CAM.
Which ETF is more volatile: SMMU or CAM?
Over the past year, SMMU had a volatility of 1.19%, while CAM experienced 2.16%.
Which ETF is bigger: SMMU or CAM?
As of October 16, 2026, SMMU holds $1.24 B in assets under management (AUM), while CAM manages $1.19 B.
What sectors do the SMMU and CAM ETFs invest in?
SMMU leans toward sectors like Municipal and Sovereign. Meanwhile, CAM focuses on Municipal.
What are the top holdings of the SMMU ETF and CAM ETF?
SMMU top holdings include USA, Bills 0% 20oct2026, USD (119D), FHLB, 0% 21sep2026, USD (364D) and USA, Notes 4.25% 31jul2028, USD (BE-2028). CAM holds in its top three: City of Los Angeles, 5% 24jun2027, USD (2026), City of San Diego, 5% 30jun2027, USD (2026) and US544657JD25.
Which ETF is more diversified: SMMU or CAM?
SMMU holds 344 securities with 24.02% of its assets in the top 15. CAM has 419 securities and a top 15 weight of 22.47%.
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