ETF comparison
CMF vs MUNI
Both US Municipal Bond.
iShares California Muni Bond ETF · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
Holdings overlap
2 positions appear in both funds. Buying equal dollars of CMF and MUNI would leave roughly 0.2% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
CMF is 27 bps cheaper than MUNI. On a $100,000 position that's about $270/yr more in fees for MUNI.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with CMF vs MUNI.
Top shared holdings
2 shared in total| # | Holding | In CMF | In MUNI | Overlap |
|---|---|---|---|---|
| 1 | State of California | 0.30% | 0.10% | 0.10% |
| 2 | State of California | 0.08% | 0.15% | 0.08% |
Only in CMF
1,620 total- Los Angeles Unified School District 0.50%
- University of California 0.49%
- Bay Area Toll Authority 0.46%
- California Educational Facilities Authority 0.44%
- Los Angeles Unified School District 0.44%
- Eastern Municipal Water District 0.44%
- California State University 0.42%
- University of California 0.42%
- State of California 0.38%
- Bay Area Toll Authority 0.37%
Only in MUNI
644 total- United States Treasury 2.20%
- United States Treasury 1.78%
- United States Treasury 1.16%
- United States Treasury 0.86%
- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.81%
- Connecticut State Health & Educational Facilities Authority 0.81%
- Black Belt Energy Gas District 0.81%
- Texas Municipal Gas Acquisition & Supply Corp V 0.80%
- Fort Bend Independent School District 0.79%
- FHLMC Multifamily VRD Certificates 0.71%
Related comparisons
More comparisons with CMF
- CMF vs JMST · JPMorgan Ultra-Short Municipal Income ETF 0.1%
- CMF vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- CMF vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- CMF vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
- CMF vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
- CMF vs GOVT · iShares U.S. Treasury Bond ETF 0.0%
More comparisons with MUNI
- MUNI vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- MUNI vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
- MUNI vs SCHP · Schwab U.S. TIPS ETF 0.0%
- MUNI vs TIP · iShares TIPS Bond ETF 0.0%
- MUNI vs TLT · iShares 20+ Year Treasury Bond ETF 0.0%
- MUNI vs VGLT · Vanguard Long-Term Treasury Index Fund ETF Shares 0.0%
Percentages are holdings overlap with the named fund.
Open CMF or MUNI at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions
matched on ISIN (CUSIP fallback). Methodology: see
/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.