ETF comparison
CMF vs VTEB
Both US Municipal Bond.
iShares California Muni Bond ETF · Vanguard Tax-Exempt Bond Index Fund ETF Shares
Holdings overlap
692 positions appear in both funds. Buying equal dollars of CMF and VTEB would leave roughly 7.1% 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
VTEB 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 VTEB.
Top shared holdings
692 shared in total| # | Holding | In CMF | In VTEB | Overlap |
|---|---|---|---|---|
| 1 | University of California | 0.42% | 0.11% | 0.11% |
| 2 | State of California | 0.36% | 0.10% | 0.10% |
| 3 | Los Angeles Department of Water & Power | 0.12% | 0.07% | 0.07% |
| 4 | University of California | 0.22% | 0.07% | 0.07% |
| 5 | Los Angeles Unified School District | 0.44% | 0.06% | 0.06% |
| 6 | California Educational Facilities Authority | 0.19% | 0.06% | 0.06% |
| 7 | Los Angeles Unified School District | 0.50% | 0.06% | 0.06% |
| 8 | State of California | 0.18% | 0.06% | 0.06% |
| 9 | State of California | 0.17% | 0.05% | 0.05% |
| 10 | State of California | 0.07% | 0.05% | 0.05% |
| 11 | State of California | 0.12% | 0.05% | 0.05% |
| 12 | University of California | 0.13% | 0.05% | 0.05% |
Only in CMF
930 total- Bay Area Toll Authority 0.46%
- Eastern Municipal Water District 0.44%
- Bay Area Toll Authority 0.37%
- Irvine Ranch Water District 0.36%
- Anaheim Housing & Public Improvements Authority 0.33%
- San Mateo County Transit District Sales Tax 0.32%
- Bay Area Toll Authority 0.29%
- University of California 0.27%
- Long Beach Unified School District 0.26%
- Beverly Hills Unified School District 0.25%
Only in VTEB
9,899 total- City of New York NY 0.12%
- State of Idaho 0.10%
- State of Maryland 0.09%
- New York State Thruway Authority 0.09%
- Triborough Bridge & Tunnel Authority 0.09%
- Dallas Independent School District 0.08%
- Ohio Water Development Authority Water Pollution Control Loan Fund 0.08%
- Energy Northwest 0.08%
- New York State Dormitory Authority 0.08%
- New Jersey Turnpike Authority 0.08%
Related comparisons
More comparisons with CMF
- CMF vs SCMB · Schwab Municipal Bond ETF 6.9%
- CMF vs PZA · Invesco National AMT-Free Municipal Bond ETF 5.7%
- CMF vs SUB · iShares Short-Term National Muni Bond ETF 3.9%
- CMF vs ITM · VanEck Intermediate Muni ETF 3.0%
- CMF vs SHM · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF 1.8%
- CMF vs CGMU · Capital Group Municipal Income ETF 1.0%
More comparisons with VTEB
- VTEB vs NYF · iShares New York Muni Bond ETF 5.0%
- VTEB vs ITM · VanEck Intermediate Muni ETF 4.3%
- VTEB vs CGMU · Capital Group Municipal Income ETF 3.4%
- VTEB vs JMUB · JPMorgan Municipal ETF 3.2%
- VTEB vs SHM · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF 2.4%
- VTEB vs HYD · VanEck High Yield Muni ETF 1.7%
Percentages are holdings overlap with the named fund.
Open CMF or VTEB 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.