CMF vs GCAL
iShares California Muni Bond ETF against Goldman Sachs Dynamic California Municipal Income ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
1%
26 shared positions
Fee gap
22 bp
CMF is cheaper
1-year return gap
0.6 pts
GCAL is ahead
Larger fund
CMF
$5.4B
Side by side
| CMF | GCAL | |
|---|---|---|
| Fund | iShares California Muni Bond ETF | Goldman Sachs Dynamic California Municipal Income ETF |
| Issuer | iShares | Goldman Sachs |
| Category | State Muni | State Muni |
| Expense ratio | 0.08% | 0.30% |
| Assets | $5.4B | $244M |
| Average daily dollar volume | $155M | $5.2M |
| Listed | Oct 4, 2007 | Jul 23, 2024 |
| FrenzyCap score | 98 | 57 |
| 1-month return | +2.8% | +1.9% |
| 3-month return | −2.1% | −2.1% |
| Year to date | −3.3% | −2.7% |
| 1-year return | −3.5% | −2.9% |
| 30-day volatility | 6.1% | 5.8% |
| Worst drawdown, 1 year | −8.1% | −7.0% |
| Trailing 12-month yield | 3.04% | 3.65% |
| Holdings | 1,900 | 421 |
| Top 10 weight | 4.0% | 10.1% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$291M thru Aug 2026 | +$17M thru May 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 23, 2026issuer data | as of Oct 23, 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
1% of CMF · 9% of GCAL| Holding | CMF | GCAL |
|---|---|---|
| BAY AREA TOLL AUTH CALIF TOLL 5%, due Oct 1, 2033 | 0.14% | 0.22% |
| CALIFORNIA ST 5%, due Dec 1, 2028 | 0.08% | 1.29% |
| CALIFORNIA MUN FIN AUTH REV 5%, due Jun 30, 2032 | 0.08% | 0.86% |
| AMADOR WTR AGY CALIF CTFS PART 5%, due Dec 1, 2030 | 0.07% | 0.57% |
| UNIVERSITY CALIF REVS 5%, due May 15, 2037 | 0.06% | 0.45% |
| LOS ANGELES CALIF DEPT WTR & P 5%, due Jul 1, 2044 | 0.06% | 0.17% |
| CALIFORNIA EDL FACS AUTH REV 5%, due Jun 1, 2046 | 0.05% | 0.43% |
| RIVERSIDE CNTY CALIF TRANSN CO 4%, due Jun 1, 2037 | 0.04% | 0.13% |
| CALIFORNIA STATE UNIVERSITY 3.15%, due Nov 1, 2032 | 0.03% | 0.50% |
| SAN DIEGO CALIF UNI SCH DIST, due Jul 1, 2031 | 0.03% | 0.35% |
| LOS ANGELES CALIF DEPT WTR & P 5.5%, due Jul 1, 2046 | 0.03% | 0.69% |
| BAY AREA TOLL AUTH CALIF TOLL 3%, due Apr 1, 2054 | 0.06% | 0.03% |
| UNIVERSITY CALIF REVS 5%, due May 15, 2038 | 0.03% | 0.41% |
| SOUTHERN CALIF PUB PWR AUTH SO 5%, due Jul 1, 2029 | 0.02% | 0.27% |
| LOS ANGELES CALIF DEPT WTR & P 5%, due Jul 1, 2028 | 0.02% | 0.13% |
| LOS ANGELES CALIF UNI SCH DIST 5%, due Jul 1, 2029 | 0.02% | 0.60% |
| CALIFORNIA INFRASTRUCTURE & EC 5%, due Jul 1, 2029 | 0.02% | 0.06% |
| LOS ANGELES CALIF DEPT WTR & P 5%, due Jul 1, 2028 | 0.01% | 0.41% |
| LOS ANGELES CALIF UNI SCH DIST 5%, due Oct 1, 2027 | 0.01% | 0.03% |
| CONTRA COSTA CALIF TRANSN AUTH 5%, due Mar 1, 2030 | 0.01% | 0.06% |
| IMPERIAL CALIF IRR DIST ELEC R 5%, due Nov 1, 2046 | 0.01% | 0.37% |
| SAN DIEGO CALIF UNI SCH DIST, due Jul 1, 2041 | 0.01% | 0.16% |
| FOOTHILL / EASTERN TRANSN CORR, due Jan 1, 2028 | 0.01% | 0.04% |
| LOS ANGELES CALIF UNI SCH DIST 5%, due Oct 1, 2027 | 0.01% | 0.02% |
| ALAMEDA CORRIDOR TRANSN AUTH C, due Oct 1, 2048 | 0.01% | 0.23% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · CMF holdings · GCAL 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.