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ETF comparison

CMF vs ITM

Both US Municipal Bond.

iShares California Muni Bond ETF · VanEck Intermediate Muni ETF

Holdings overlap

Weighted by ISIN/CUSIP
3.3 %

50 positions appear in both funds. Buying equal dollars of CMF and ITM would leave roughly 3.3% of each dollar exposed to the same underlying securities.

CMF unmatched 97.1% Shared 3.3% ITM unmatched 94.9%

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.

In CMF only
1,681 positions
Shared
50 positions
In ITM only
1,319 positions

Side by side

CMF

iShares California Muni Bond ETF

iShares · US Municipal Bond

92 composite / 100
Expense ratio
0.080%
Net assets
$5.38B
TTM yield
2.76%
Top-10 conc.
4.5%
ITM

VanEck Intermediate Muni ETF

VanEck · US Municipal Bond

85 composite / 100
Expense ratio
0.18%
Net assets
$2.33B
TTM yield
2.81%
Top-10 conc.
3.8%

Sub-score comparison

92
Cost
82
93
Tax efficiency
93
88
Liquidity
72
100
Concentration
100
—
Tracking quality
—
CMF sub-score ITM

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

CMF is 10 bps cheaper than ITM. On a $100,000 position that's about $100/yr more in fees for ITM.

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 ITM.

Top shared holdings

50 shared in total
# Holding In CMF In ITM Overlap
1 State of California 0.34% 0.30% 0.30%
2 State of California 0.29% 0.45% 0.29%
3 University of California 0.14% 0.16% 0.14%
4 State of California 0.27% 0.14% 0.14%
5 State of California 0.13% 0.13% 0.13%
6 State of California 0.15% 0.10% 0.10%
7 California State Public Works Board 0.10% 0.10% 0.10%
8 Los Angeles Department of Water & Power 0.10% 0.20% 0.10%
9 State of California 0.11% 0.10% 0.10%
10 State of California 0.08% 0.24% 0.08%
11 State of California 0.22% 0.08% 0.08%
12 State of California 0.08% 0.21% 0.08%

Only in CMF

1,681 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 ITM

1,319 total
  • New Jersey Educational Facilities Authority 0.53%
  • California Community Choice Financing Authority 0.50%
  • California Community Choice Financing Authority 0.44%
  • Connecticut State Health & Educational Facilities Authority 0.39%
  • California Community Choice Financing Authority 0.37%
  • Kentucky Public Energy Authority 0.29%
  • New York City Municipal Water Finance Authority 0.28%
  • California Housing Finance Agency 0.28%
  • Southeast Energy Authority A Cooperative District 0.27%
  • New Hampshire Business Finance Authority 0.27%

Percentages are holdings overlap with the named fund.

Open CMF or ITM 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.