CMF vs DFCA
iShares California Muni Bond ETF against Dimensional California Municipal Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
4%
79 shared positions
Fee gap
11 bp
CMF is cheaper
1-year return gap
0.8 pts
DFCA is ahead
Larger fund
CMF
$5.2B
Side by side
| CMF | DFCA | |
|---|---|---|
| Fund | iShares California Muni Bond ETF | Dimensional California Municipal Bond ETF |
| Issuer | iShares | Dimensional |
| Category | State Muni | State Muni |
| Expense ratio | 0.08% | 0.19% |
| Assets | $5.2B | $527M |
| Average daily dollar volume | $159M | $25M |
| Listed | Oct 4, 2007 | Jun 26, 2023 |
| FrenzyCap score | 98 | 75 |
| 1-month return | −0.2% | −0.1% |
| 3-month return | −2.8% | −2.2% |
| Year to date | −4.4% | −3.5% |
| 1-year return | −4.6% | −3.8% |
| 30-day volatility | 6.1% | 4.8% |
| Worst drawdown, 1 year | −8.1% | −6.6% |
| Trailing 12-month yield | 3.07% | 2.91% |
| Holdings | 1,863 | 414 |
| Top 10 weight | 4.1% | 12.6% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$349M thru May 2026 | +$37M thru Jul 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
5% of CMF · 18% of DFCA| Holding | CMF | DFCA |
|---|---|---|
| UNIVERSITY CALIF REVS 5.5%, due May 15, 2040 | 0.24% | 0.29% |
| CALIFORNIA ST 4%, due Mar 1, 2036 | 0.33% | 0.20% |
| CALIFORNIA ST 5%, due Oct 1, 2042 | 0.19% | 1.25% |
| CALIFORNIA ST 4%, due Oct 1, 2041 | 0.17% | 0.44% |
| LOS ANGELES CNTY CALIF MET TRA 5%, due Jun 1, 2039 | 0.15% | 0.17% |
| CALIFORNIA STATE UNIVERSITY 5%, due Nov 1, 2028 | 0.14% | 0.40% |
| CALIFORNIA ST 5%, due Nov 1, 2042 | 0.13% | 0.31% |
| CALIFORNIA (STATE OF) 5%, due Aug 1, 2043 | 0.11% | 0.15% |
| CALIFORNIA ST PUB WKS BRD LEAS 5%, due Sep 1, 2039 | 0.11% | 0.74% |
| AIRPORT COMMISSION OF THE CITY AND 5%, due May 1, 2046 | 0.10% | 0.41% |
| CALIFORNIA (STATE OF) 5%, due Aug 1, 2028 | 0.10% | 0.45% |
| CALIFORNIA ST 5%, due Sep 1, 2043 | 0.10% | 0.77% |
| CALIFORNIA ST 5%, due Sep 1, 2042 | 0.10% | 0.20% |
| LOS ANGELES CALIF DEPT WTR & P 5%, due Jul 1, 2036 | 0.09% | 0.17% |
| CALIFORNIA ST PUB WKS BRD LEAS 5%, due Nov 1, 2042 | 0.09% | 0.15% |
| CALIFORNIA ST 5%, due Dec 1, 2028 | 0.08% | 0.40% |
| UNIVERSITY CALIF REVS 5%, due May 15, 2043 | 0.08% | 0.54% |
| CALIFORNIA ST 5%, due Sep 1, 2043 | 0.08% | 0.23% |
| METROPOLITAN WTR DIST SOUTHN C 5%, due Jul 1, 2040 | 0.07% | 0.17% |
| LOS ANGELES CALIF UNI SCH DIST 5%, due Jul 1, 2028 | 0.13% | 0.07% |
| CALIFORNIA (STATE OF) 5%, due Aug 1, 2046 | 0.17% | 0.06% |
| SAN FRANCISCO CALIF CITY & CNT 5%, due Oct 1, 2028 | 0.06% | 0.07% |
| CALIFORNIA ST 5%, due Nov 1, 2037 | 0.06% | 0.59% |
| UNIVERSITY CALIF REVS 5%, due May 15, 2040 | 0.06% | 0.30% |
| SAN FRANCISCO CALIF BAY AREA R 4%, due Jul 1, 2036 | 0.06% | 0.20% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · CMF holdings · DFCA holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.