ETF comparison

CMFvsSCMB

Both US Municipal Bond.

iShares California Muni Bond ETF · Schwab Municipal Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
6.9%

470 positions appear in both funds. Buying equal dollars of CMF and SCMB would leave roughly6.9%of each dollar exposed to the same underlying securities.

CMF only 92.6%Shared 6.9%SCMB only 92.1%
In CMF only
1,153 positions
Shared
470 positions
In SCMB only
6,375 positions

Side by side

CMF

iShares California Muni Bond ETF

iShares · US Municipal Bond

92composite / 100
Expense ratio
0.080%
Net assets
$4.63B
TTM yield
3.07%
Top-10 conc.
4.4%
SCMB

Schwab Municipal Bond ETF

Schwab · US Municipal Bond

93composite / 100
Expense ratio
0.030%
Net assets
$4.18B
TTM yield
3.67%
Top-10 conc.
1.9%

Sub-score comparison

92
Cost
97
93
Tax efficiency
93
85
Liquidity
84
100
Concentration
100
Tracking quality
CMFsub-scoreSCMB

Tracking quality isn't part of the composite — seewhat we don't scorefor 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 thecost calculator pre-filled with CMF vs SCMB.

Top shared holdings

470 shared in total
#HoldingIn CMFIn SCMBOverlap
1Los Angeles Unified School District0.13%0.14%0.13%
2State of California0.12%0.17%0.12%
3State of California0.12%0.12%0.12%
4State of California0.26%0.10%0.10%
5East Bay Municipal Utility District Water System0.13%0.09%0.09%
6State of California0.14%0.09%0.09%
7State of California0.14%0.09%0.09%
8State of California0.08%0.13%0.08%
9University of California0.16%0.08%0.08%
10State of California0.07%0.09%0.07%
11University of California0.08%0.07%0.07%
12San Diego Public Facilities Financing Authority0.07%0.07%0.07%

Only in CMF

1,153 total
  • University of California0.49%
  • Bay Area Toll Authority0.46%
  • Eastern Municipal Water District0.44%
  • Bay Area Toll Authority0.37%
  • Irvine Ranch Water District0.36%
  • Anaheim Housing & Public Improvements Authority0.33%
  • East Bay Municipal Utility District Water System Revenue0.33%
  • San Mateo County Transit District Sales Tax0.32%
  • Bay Area Toll Authority0.29%
  • San Francisco City & County Public Utilities Commission Wastewater0.28%

Only in SCMB

6,375 total
  • Commonwealth of Massachusetts0.22%
  • Gwinnett County School District0.22%
  • Commonwealth of Pennsylvania0.21%
  • City of New York NY0.20%
  • State of California Department of Water Resources0.19%
  • State of Washington0.17%
  • New York City Municipal Water Finance Authority0.17%
  • Northwest Independent School District0.16%
  • Commonwealth of Massachusetts0.16%
  • State of Washington0.15%

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 methodologyand 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.