ETF comparison
CMF vs HYD
Both US Municipal Bond.
iShares California Muni Bond ETF · VanEck High Yield Muni ETF
Holdings overlap
8 positions appear in both funds. Buying equal dollars of CMF and HYD would leave roughly 0.2% 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
CMF is 24 bps cheaper than HYD. On a $100,000 position that's about $240/yr more in fees for HYD.
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 HYD.
Top shared holdings
8 shared in total| # | Holding | In CMF | In HYD | Overlap |
|---|---|---|---|---|
| 1 | San Joaquin Hills Transportation Corridor Agency | 0.05% | 0.07% | 0.05% |
| 2 | Alameda Corridor Transportation Authority | 0.04% | 0.04% | 0.04% |
| 3 | Alameda Corridor Transportation Authority | 0.04% | 0.04% | 0.04% |
| 4 | California Municipal Finance Authority | 0.05% | 0.04% | 0.04% |
| 5 | California Municipal Finance Authority | 0.06% | 0.02% | 0.02% |
| 6 | Pittsburg Successor Agency Redevelopment Agency | 0.04% | 0.02% | 0.02% |
| 7 | Southern California Public Power Authority | 0.02% | 0.02% | 0.02% |
| 8 | Los Angeles Department of Water & Power | 0.02% | 0.01% | 0.01% |
Only in CMF
1,723 total- Orange County Water District 0.60%
- Anaheim Housing & Public Improvements Authority 0.49%
- Los Angeles Unified School District 0.47%
- University of California 0.45%
- Irvine Ranch Water District 0.43%
- California Educational Facilities Authority 0.43%
- San Mateo County Transit District Sales Tax 0.42%
- Los Angeles Unified School District 0.41%
- California State University 0.40%
- University of California 0.38%
Only in HYD
2,095 total- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.98%
- Chicago Board of Education 0.79%
- Tobacco Settlement Financing Corp 0.71%
- Buckeye Tobacco Settlement Financing Authority 0.69%
- New York Transportation Development Corp 0.61%
- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.58%
- Chicago Board of Education 0.53%
- Florida Development Finance Corp 0.52%
- New York Transportation Development Corp 0.48%
- Arkansas Development Finance Authority 0.45%
Related comparisons
More comparisons with CMF
- CMF vs JMST · JPMorgan Ultra-Short Municipal Income ETF 0.2%
- CMF vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 0.2%
- CMF vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- CMF vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- CMF vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
- CMF vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
More comparisons with HYD
- HYD vs NYF · iShares New York Muni Bond ETF 0.2%
- HYD vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- HYD vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- HYD vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
- HYD vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
- HYD vs GOVT · iShares U.S. Treasury Bond ETF 0.0%
Percentages are holdings overlap with the named fund.
Open CMF or HYD 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.