CMF vs JCAL
iShares California Muni Bond ETF against JPMorgan California Tax Free Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
2%
37 shared positions
Fee gap
26 bp
CMF is cheaper
1-year return gap
—
Larger fund
CMF
$5.2B
Side by side
| CMF | JCAL | |
|---|---|---|
| Fund | iShares California Muni Bond ETF | JPMorgan California Tax Free Bond ETF |
| Issuer | iShares | JPMorgan |
| Category | State Muni | State Muni |
| Expense ratio | 0.08% | 0.34% |
| Assets | $5.2B | $508M |
| Average daily dollar volume | $159M | $6.4M |
| Listed | Oct 4, 2007 | Dec 23, 1996 |
| FrenzyCap score | 98 | 55 |
| 1-month return | −0.2% | −0.6% |
| 3-month return | −2.8% | −2.7% |
| Year to date | −4.4% | — |
| 1-year return | −4.6% | — |
| 30-day volatility | 6.1% | 6.3% |
| Worst drawdown, 1 year | −8.1% | −6.8% |
| Trailing 12-month yield | 3.07% | 1.16% |
| Holdings | 1,863 | 320 |
| Top 10 weight | 4.1% | 11.5% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$349M thru May 2026 | — |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 21, 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
2% of CMF · 14% of JCAL| Holding | CMF | JCAL |
|---|---|---|
| LODI CALIF UNI SCH DIST 4%, due Aug 1, 2041 | 0.23% | 0.36% |
| CALIFORNIA ST 4%, due Sep 1, 2043 | 0.23% | 0.18% |
| LOS ANGELES CALIF DEPT ARPTS R 5%, due May 15, 2039 | 0.15% | 0.40% |
| UNIVERSITY OF CALIFORNIA 5.5%, due May 15, 2043 | 0.12% | 0.53% |
| VENTURA CALIF UNI SCH DIST 4.25%, due Aug 1, 2051 | 0.12% | 0.18% |
| SAN FRANCISCO CALIF BAY AREA RAPID 5%, due Aug 1, 2042 | 0.12% | 0.31% |
| SACRAMENTO CALIF MUN UTIL DIST 5%, due Oct 14, 2033 | 0.11% | 0.53% |
| NORTH ORANGE CNTY CALIF CMNTY 4%, due Aug 1, 2044 | 0.11% | 0.88% |
| CALIFORNIA ST 5%, due Aug 1, 2037 | 0.11% | 0.17% |
| SANTA CLARA CNTY CALIF 4%, due Aug 1, 2038 | 0.10% | 0.97% |
| CALIFORNIA MUN FIN AUTH REV 5.5%, due Sep 1, 2060 | 0.10% | 0.20% |
| UNIVERSITY CALIF REVS 5.25%, due May 15, 2040 | 0.09% | 0.43% |
| ANTELOPE VY-EAST KERN CALIF WT 5%, due Apr 1, 2028 | 0.07% | 0.20% |
| WM S HART CALIF UN HIGH SCH DI, due Sep 1, 2029 | 0.07% | 0.45% |
| LOS ANGELES CNTY CALIF MET TRANSN 5.5%, due Jun 1, 2051 | 0.05% | 0.20% |
| CALIFORNIA (STATE OF) 5%, due Aug 1, 2041 | 0.04% | 0.83% |
| SACRAMENTO AREA FLOOD CONTROL AGEN 5%, due Oct 1, 2046 | 0.04% | 0.53% |
| SAN DIEGO CNTY CALIF WTR AUTH 5%, due May 1, 2036 | 0.03% | 0.35% |
| DOWNEY CALIF UNI SCH DIST 4%, due Aug 1, 2051 | 0.03% | 0.25% |
| GROSSMONT CALIF HEALTHCARE DIS 5%, due Jul 15, 2040 | 0.03% | 0.63% |
| LOS ANGELES CALIF DEPT WTR & P 5%, due Jul 1, 2044 | 0.02% | 0.20% |
| EAST BAY CALIF MUN UTIL DIST W 5%, due Jun 1, 2037 | 0.02% | 0.22% |
| SACRAMENTO CALIF MUN UTIL DIST 5%, due Oct 15, 2030 | 0.02% | 0.73% |
| LOS ANGELES CALIF MUN IMPT COR 4%, due Nov 1, 2035 | 0.02% | 0.39% |
| SAN DIEGO CALIF PUB FACS FING AUTH 5%, due Aug 1, 2051 | 0.02% | 0.40% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · CMF holdings · JCAL 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.