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ETFs

BlackRock ETF Trust II BlackRock Short-Term California Muni Bond ETF

CALY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 11 2023
Expense Ratio
0.20%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$29,101
AUM
$17,484,404
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SAN DIEGO CALIF UNI SCH DIST
4.66%
n/a
CALIFORNIA ST PUB WKS BRD LEAS
4.66%
n/a
SANTA CLARA VY CALIF TRANSN AU
4.64%
n/a
SAN DIEGO CALIF LEASE 144A
4.60%
n/a
LOS ANGELES CALIF WASTEWTR SYS
4.60%
n/a
LONG BEACH CALIF UNI SCH DIST 144A
4.60%
n/a
LOS ANGELES MUNI IMPRVMT
4.59%
n/a
LOS ANGELES CNTY CALIF MET TRANSN
4.59%
n/a
ARPT COMM CTY AND CNTY OF SAN FRAN
3.43%
n/a
St CA 5 % Bonds 2014-1.12.24 Var Purp
3.06%
Invest with CALY

What is CALY?

The BlackRock Short-Term California Muni Bond ETF seeks to maximize tax-free current income by investing in short-term municipal bonds issued in the State of California. Pursue tax-exempt income through a diversified portfolio of short-term California municipal bonds. Actively managed by the experienced BlackRock municipal bond team.

ETFs related toCALY

ETFs correlated to CALY include IBMP, CVRD, VTES

CALY
BlackRock ETF Trust II - BlackRock Short-Term California Muni Bond ETF
IBMP
iShares Trust - iShares iBonds Dec 2027 Term Muni Bond ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
VTES
Vanguard Wellington Fund - Vanguard Short-Term Tax Exempt Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
SUB
BlackRock Institutional Trust Company N.A. - iShares Short-Term National Muni Bond ETF
SMB
VanEck ETF Trust - VanEck Short Muni ETF
SHM
SPDR Series Trust - SPDR Nuveen Bloomberg Short Term Municipal Bond ETF
IBMN
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2025 Term Muni Bond ETF
XONE
BondBloxx ETF Trust - BondBloxx Bloomberg One Year Target Duration US Treasury ETF
GNMA
BlackRock Institutional Trust Company N.A. - iShares GNMA Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCALY

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with CALY using Composer

FAQ

CALY is a US Bonds ETF. The BlackRock Short-Term California Muni Bond ETF seeks to maximize tax-free current income by investing in short-term municipal bonds issued in the State of California. Pursue tax-exempt income through a diversified portfolio of short-term California municipal bonds. Actively managed by the experienced BlackRock municipal bond team.

Yes, CALY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CALY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CALY is -0.0004%. This is the percent change in the value of CALY over the most recent 1-month period. The 3-month return on CALY is %. This is the percent change in the value of CALY over the most recent 3-month period.

ETFs similar to CALY include HYD, VTEB, and CMF.

ETFs correlated to CALY include IBMP, CVRD, and VTES.

ETFs that are inversely correlated to CALY include DBMF, PST, and TBX.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.