ETF comparison
CMF vs SCMB
Both US Municipal Bond.
iShares California Muni Bond ETF · Schwab Municipal Bond ETF
Holdings overlap
426 positions appear in both funds. Buying equal dollars of CMF and SCMB would leave roughly 6.4% of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
SCMB is 5 bps cheaper than CMF. On a $100,000 position that's about $50/yr more in fees for CMF.
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 SCMB.
Top shared holdings
426 shared in total| # | Holding | In CMF | In SCMB | Overlap |
|---|---|---|---|---|
| 1 | Los Angeles Unified School District | 0.14% | 0.20% | 0.14% |
| 2 | State of California | 0.13% | 0.19% | 0.13% |
| 3 | University of California | 0.17% | 0.11% | 0.11% |
| 4 | State of California | 0.28% | 0.11% | 0.11% |
| 5 | East Bay Municipal Utility District Water System | 0.13% | 0.11% | 0.11% |
| 6 | State of California | 0.16% | 0.10% | 0.10% |
| 7 | State of California | 0.16% | 0.10% | 0.10% |
| 8 | State of California | 0.09% | 0.15% | 0.09% |
| 9 | State of California | 0.08% | 0.10% | 0.08% |
| 10 | University of California | 0.08% | 0.08% | 0.08% |
| 11 | San Diego Public Facilities Financing Authority | 0.08% | 0.07% | 0.07% |
| 12 | State of California | 0.07% | 0.07% | 0.07% |
Only in CMF
1,099 total- University of California 0.53%
- University of California 0.46%
- San Francisco City & County Airport Comm-San Francisco International Airport 0.41%
- Orange County Water District 0.40%
- Bay Area Toll Authority 0.34%
- San Francisco City & County Public Utilities Commission Wastewater 0.30%
- University of California 0.30%
- Los Angeles Community College District 0.30%
- California State Public Works Board 0.28%
- City of San Francisco 0.28%
Only in SCMB
5,811 total- City of New York NY 0.27%
- Commonwealth of Massachusetts 0.25%
- Gwinnett County School District 0.25%
- City of New York NY 0.24%
- Commonwealth of Pennsylvania 0.23%
- Metropolitan Government of Nashville & Davidson County TN 0.23%
- City of New York NY 0.22%
- New York City Transitional Finance Authority Future Tax Secured Revenue 0.22%
- State of California Department of Water Resources 0.22%
- State of Oregon Department of Transportation 0.21%
Open CMF or SCMB 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.