ETF comparison
CMF vs SHM
Both US Municipal Bond.
iShares California Muni Bond ETF · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
Holdings overlap
27 positions appear in both funds. Buying equal dollars of CMF and SHM would leave roughly 2.0% 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 12 bps cheaper than SHM. On a $100,000 position that's about $120/yr more in fees for SHM.
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 SHM.
Top shared holdings
27 shared in total| # | Holding | In CMF | In SHM | Overlap |
|---|---|---|---|---|
| 1 | East County Advanced Water Purification Joint Powers Authority | 0.31% | 0.32% | 0.31% |
| 2 | City of San Francisco | 0.24% | 0.21% | 0.21% |
| 3 | University of California | 0.21% | 0.16% | 0.16% |
| 4 | Los Angeles Department of Water & Power | 0.30% | 0.15% | 0.15% |
| 5 | California State Public Works Board | 0.14% | 0.13% | 0.13% |
| 6 | University of California | 0.12% | 0.16% | 0.12% |
| 7 | State of California | 0.11% | 0.69% | 0.11% |
| 8 | State of California | 0.09% | 0.17% | 0.09% |
| 9 | Los Angeles Community College District | 0.08% | 0.25% | 0.08% |
| 10 | State of California Department of Water Resources | 0.11% | 0.08% | 0.08% |
| 11 | Los Angeles Unified School District | 0.06% | 0.21% | 0.06% |
| 12 | Desert Sands Unified School District | 0.06% | 0.13% | 0.06% |
Only in CMF
1,704 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 SHM
1,016 total- Southeast Energy Authority A Cooperative District 0.92%
- New York State Dormitory Authority 0.61%
- State of California 0.52%
- State of California 0.49%
- State of California 0.46%
- City of New York NY 0.44%
- University of California 0.41%
- Triborough Bridge & Tunnel Authority 0.40%
- City of New York NY 0.39%
- State of Florida Department of Transportation Turnpike System Revenue 0.37%
Related comparisons
More comparisons with CMF
- CMF vs CGMU · Capital Group Municipal Income ETF 1.2%
- CMF vs JMUB · JPMorgan Municipal ETF 0.6%
- CMF vs HYD · VanEck High Yield Muni ETF 0.2%
- 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%
More comparisons with SHM
- SHM vs MUB · iShares National Muni Bond ETF 1.9%
- SHM vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 1.7%
- SHM vs NYF · iShares New York Muni Bond ETF 0.7%
- SHM vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- SHM vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- SHM vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
Percentages are holdings overlap with the named fund.
Open CMF or SHM 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.