ETF comparison

CMFvsSUB

Both US Municipal Bond.

iShares California Muni Bond ETF · iShares Short-Term National Muni Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
3.9%

117 positions appear in both funds. Buying equal dollars of CMF and SUB would leave roughly3.9%of each dollar exposed to the same underlying securities.

CMF only 95.6%Shared 3.9%SUB only 96.5%
In CMF only
1,506 positions
Shared
117 positions
In SUB only
2,800 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%
SUB

iShares Short-Term National Muni Bond ETF

iShares · US Municipal Bond

96composite / 100
Expense ratio
0.070%
Net assets
$11.64B
TTM yield
2.58%
Top-10 conc.
3.1%

Sub-score comparison

92
Cost
93
93
Tax efficiency
93
85
Liquidity
100
100
Concentration
100
Tracking quality
CMFsub-scoreSUB

Tracking quality isn't part of the composite — seewhat we don't scorefor why.

Cost difference

SUB is 1 bps cheaper than CMF. On a $100,000 position that's about $10/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 SUB.

Top shared holdings

117 shared in total
#HoldingIn CMFIn SUBOverlap
1University of California0.22%0.25%0.22%
2East County Advanced Water Purification Joint Powers Authority0.33%0.18%0.18%
3California State Public Works Board0.16%0.14%0.14%
4City of Los Angeles0.21%0.12%0.12%
5San Diego Community College District0.14%0.12%0.12%
6State of California0.18%0.10%0.10%
7Los Angeles Department of Water & Power0.12%0.10%0.10%
8State of California0.10%0.09%0.09%
9State of California0.09%0.24%0.09%
10Los Angeles Unified School District0.12%0.09%0.09%
11Los Angeles Community College District0.24%0.09%0.09%
12City of Los Angeles Wastewater System0.12%0.09%0.09%

Only in CMF

1,506 total
  • Los Angeles Unified School District0.50%
  • University of California0.49%
  • Bay Area Toll Authority0.46%
  • California Educational Facilities Authority0.44%
  • Los Angeles Unified School District0.44%
  • Eastern Municipal Water District0.44%
  • California State University0.42%
  • University of California0.42%
  • State of California0.38%
  • Bay Area Toll Authority0.37%

Only in SUB

2,800 total
  • New Jersey Economic Development Authority0.37%
  • County of King0.35%
  • San Antonio Water System0.28%
  • City of Seattle0.27%
  • State of California0.27%
  • Empire State Development Corp.0.25%
  • Pennsylvania Turnpike Commission0.25%
  • New Jersey Turnpike Authority0.25%
  • State of California0.24%
  • District of Columbia Water & Sewer Authority0.22%

Open CMF or SUB 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.