CMF vs VTEC
iShares California Muni Bond ETF against Vanguard California Tax-Exempt Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
32%
1263 shared positions
Fee gap
2 bp
VTEC is cheaper
1-year return gap
0.3 pts
CMF is ahead
Larger fund
CMF
$5.2B
Side by side
| CMF | VTEC | |
|---|---|---|
| Fund | iShares California Muni Bond ETF | Vanguard California Tax-Exempt Bond ETF |
| Issuer | iShares | Vanguard |
| Category | State Muni | State Muni |
| Expense ratio | 0.08% | 0.06% |
| Assets | $5.2B | $2.6B |
| Average daily dollar volume | $159M | $115M |
| Listed | Oct 4, 2007 | Jan 26, 2024 |
| FrenzyCap score | 98 | 96 |
| 1-month return | −0.2% | −0.4% |
| 3-month return | −2.8% | −3.0% |
| Year to date | −4.4% | −4.7% |
| 1-year return | −4.6% | −4.9% |
| 30-day volatility | 6.1% | 5.9% |
| Worst drawdown, 1 year | −8.1% | −8.1% |
| Trailing 12-month yield | 3.07% | 3.27% |
| Holdings | 1,863 | 3,993 |
| Top 10 weight | 4.1% | 3.1% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$349M thru May 2026 | +$513M thru May 2026 |
| 30-day implied volatility | — | 17.3% |
| 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
72% of CMF · 42% of VTEC| Holding | CMF | VTEC |
|---|---|---|
| UNIVERSITY CALIF REVS 5%, due May 15, 2036 | 0.48% | 0.51% |
| LOS ANGELES CALIF UNI SCH DIST 5%, due Jul 1, 2034 | 0.56% | 0.38% |
| CALIFORNIA ST 4%, due Sep 1, 2043 | 0.23% | 0.24% |
| CALIFORNIA ST 4%, due Mar 1, 2036 | 0.33% | 0.22% |
| CALIFORNIA ST 5%, due Mar 1, 2055 | 0.31% | 0.20% |
| UNIVERSITY CALIF REVS 5%, due May 15, 2030 | 0.19% | 0.29% |
| FOOTHILL / EASTERN TRANSN CORR 4%, due Jan 15, 2046 | 0.22% | 0.18% |
| CALIFORNIA (STATE OF) 5%, due Aug 1, 2029 | 0.18% | 0.23% |
| CALIFORNIA ST 5.25%, due Aug 1, 2032 | 0.44% | 0.17% |
| UNIVERSITY CALIF REVS 5.5%, due May 15, 2040 | 0.24% | 0.16% |
| BAY AREA TOLL AUTH CALIF TOLL 2%, due Apr 1, 2028 | 0.19% | 0.16% |
| CALIFORNIA EDL FACS AUTH REV 5%, due May 1, 2049 | 0.17% | 0.15% |
| CALIFORNIA ST 5.25%, due Oct 1, 2051 | 0.14% | 0.15% |
| BAY AREA TOLL AUTH CALIF TOLL 5%, due Oct 1, 2033 | 0.14% | 0.25% |
| CALIFORNIA ST 5%, due Oct 1, 2036 | 0.14% | 0.14% |
| LOS ANGELES CALIF DEPT WTR & P 5%, due Jul 1, 2030 | 0.26% | 0.14% |
| CALIFORNIA EDL FACS AUTH REV 5%, due Oct 1, 2055 | 0.14% | 0.23% |
| CALIFORNIA ST 5%, due Nov 1, 2030 | 0.16% | 0.13% |
| CALIFORNIA EDL FACS AUTH REV 5%, due May 1, 2045 | 0.36% | 0.13% |
| CALIFORNIA ST 5%, due Nov 1, 2031 | 0.14% | 0.12% |
| CALIFORNIA ST 5%, due Nov 1, 2042 | 0.13% | 0.12% |
| UNIVERSITY CALIF REVS 5%, due May 15, 2052 | 0.12% | 0.15% |
| LOS ANGELES CALIF DEPT WTR & P 5%, due Jan 1, 2030 | 0.12% | 0.20% |
| CALIFORNIA ST 5%, due Oct 1, 2056 | 0.20% | 0.11% |
| CALIFORNIA (STATE OF) 5%, due Aug 1, 2043 | 0.11% | 0.13% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · CMF holdings · VTEC 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.