WABFvsCMFETF Comparison
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Western Asset Bond ETF (WABF) belongs to the US Aggregate Bonds segment. iShares California Muni Bond ETF (CMF) is part of the Municipal Bonds segment. WABF's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, CMF's top sector exposures are Municipal and Non-Corporate. WABF is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.08% for CMF. WABF is down -5.75% year-to-date (YTD) with -$4M in YTD flows. CMF performs better with -2.4% YTD performance, and +$1.61B in YTD flows. Run a side-by-side ETF comparison of WABF 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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WABF vs CMF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | WABF CMF | -1.65%-0.26% | -3.64%-3.27% | -5.75%-2.40% | -6.85%-1.86% | +11.82%+10.52% | n/a+0.25% |
| Flows | WABF CMF | -$4M+$577M | -$4M+$795M | -$4M+$1.61B | -$4M+$1.95B | -$30M+$3.16B | -+$3.63B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | WABF CMF | +4.71%+4.88% | +4.48%+3.08% | +5.62%+3.54% | n/a+3.58% |
| Max drawdown | WABF CMF | -4.67%-5.58% | -8.57%-6.52% | -8.57%-6.52% | n/a-12.25% |
| Max drawdown duration | WABF CMF | 91d91d | 232d232d | 232d232d | n/a1346d |
Trading data
WABF | CMF | |
Last sale 10/20/2026 at 1:30 PM | $23.78 | $54.83 |
| Previous close 10/19/2026 | $23.77 | $54.79 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 21, 2026
1-year trailing difference
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WABF
is actively managed and doesn’t replicate an indexWABF | CMF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/20/2026 at 1:30 PM
Live
Closed
WABF | CMF | |
|---|---|---|
| Last price | $23.78 | $54.83 |
| 1D performance | +0.03% | +0.07% |
| AuM | $11.88 M | $5.19 B |
| E/R | 0.35% | 0.08% |
Characteristics
WABF | CMF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | iShares |
| Benchmark | - | ICE AMT-Free California Municipal Index |
| N° of holdings | 348 | 903 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 19, 2023 | October 4, 2007 |
| ESG | No | No |
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Exposure
Countries
WABF
USA
44.94%
Other
55.06%
CMF
USA
59.23%
Other
40.77%
Sectors
WABF
Sovereign
15.89%
Finance
9.54%
Other
74.58%
CMF
Municipal
59.23%
Other
40.77%
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Diversification
WABF
Total weight of top 15 holdings out of 15
28.25%
CMF
Total weight of top 15 holdings out of 15
6.39%
Top 15 holdings
Data as of August 31, 2026
WABF
USA, Notes 4.625% 30sep2030, USD (Q-2030)
11.68%
US3140QNCM26
1.63%
US3132D9FS84
1.55%
US03665MAJ09
1.40%
USA, Bonds 4.75% 15feb2041, USD
1.32%
US02009EAA47
1.20%
US3133KRV844
1.16%
XS3315388846
1.14%
US3140NDCS41
1.12%
HSBC Holdings plc, 4.762% 29mar2033, USD
1.10%
Mexico, 4.875% 19may2033, USD
1.07%
KazMunayGas, 3.5% 14apr2033, USD
1.02%
Naspers, 3.061% 13jul2031, USD
1.02%
US3140FXTT96
0.99%
US081925AD15
0.87%
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 WABF and CMF
How have the WABF and CMF ETFs performed in 2026?
As of October 19, 2026, WABF is down -5.75% year-to-date (YTD), while CMF has lost -2.4%. That puts CMF better performer ahead so far this year.
Which ETF is attracting more investor money: WABF or CMF?
Year-to-date, the WABF ETF saw -$4M in flows, compared to +$1.61B for CMF.
Which ETF is more volatile: WABF or CMF?
Over the past year, WABF had a volatility of 4.48%, while CMF experienced 3.08%.
Which ETF is bigger: WABF or CMF?
As of October 19, 2026, WABF holds $11.88 M in assets under management (AUM), while CMF manages $5.19 B.
What sectors do the WABF and CMF ETFs invest in?
WABF leans toward sectors like Sovereign and Finance. Meanwhile, CMF focuses on Municipal.
What are the top holdings of the WABF ETF and CMF ETF?
WABF top holdings include USA, Notes 4.625% 30sep2030, USD (Q-2030), US3140QNCM26 and US3132D9FS84. CMF holds in its top three: Orange Water District, FRN 1aug2042, USD (2003A), US79766DLC10 and US032556NJ70.
Which ETF is more diversified: WABF or CMF?
WABF holds 430 securities with 28.25% of its assets in the top 15. CMF has 1670 securities and a top 15 weight of 6.39%.
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Latest news about WABF & CMF
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