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ETF comparison

CMF vs VGLT

US Municipal Bond vs US Treasury (Long).

iShares California Muni Bond ETF · Vanguard Long-Term Treasury Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
0.0 %

0 positions appear in both funds. Buying equal dollars of CMF and VGLT would leave roughly 0.0% of each dollar exposed to the same underlying securities.

CMF unmatched 100.4% Shared 0.0% VGLT unmatched 98.2%

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
1,731 positions
Shared
0 positions
In VGLT only
99 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%
VGLT

Vanguard Long-Term Treasury Index Fund ETF Shares

Vanguard · US Treasury (Long)

88 composite / 100
Expense ratio
0.030%
Net assets
$16.40B
whole fund, 3 share classes
TTM yield
4.45%
Top-10 conc.
20.8%

Sub-score comparison

92
Cost
97
93
Tax efficiency
57
88
Liquidity
100
100
Concentration
N/A
—
Tracking quality
—
CMF sub-score VGLT

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

Cost difference

VGLT is 5 bps cheaper than CMF. On a $100,000 position that's about $50/yr more in fees for CMF.

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 VGLT.

Top shared holdings

0 shared in total

No shared holdings between these funds.

Only in CMF

1,731 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 VGLT

99 total
  • United States Treasury Note/Bond 2.18%
  • United States Treasury Note/Bond 2.15%
  • United States Treasury Note/Bond 2.13%
  • United States Treasury Note/Bond 2.10%
  • United States Treasury Note/Bond 2.09%
  • United States Treasury Note/Bond 2.09%
  • United States Treasury Note/Bond 2.09%
  • United States Treasury Note/Bond 2.04%
  • United States Treasury Note/Bond 2.00%
  • United States Treasury Note/Bond 1.99%

Related comparisons

More comparisons with CMF

More comparisons with VGLT

Percentages are holdings overlap with the named fund.

Open CMF or VGLT at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.