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iShares California Muni Bond ETF

CMF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 04 2007
Expense Ratio
0.25%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$14,985,442
AUM
$2,055,548,737
Associated Index
ICE AMT-Free California Municipal Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

n/a
MORENO VALLEY CALIF UNI SCH DI
0.53%
n/a
FREMONT CA UNION HIGH
0.52%
n/a
FOOTHILL / EASTERN TRANSN CORR
0.50%
n/a
CALMONEY
0.49%
n/a
SAN DIEGO CALIF UNI SCH DIST
0.44%
n/a
Cal Educ Fac Auth 5 % Bonds 2019-01.05.49 Stanford University Revenue Series V-1
0.44%
n/a
CALIFORNIA ST-REF-C
0.44%
n/a
MOUNT SAN ANTONIO CALIF CMNTY
0.44%
n/a
METROPOLITAN WTR DIST SOUTHN C
0.43%
n/a
LOS ANGELES CALIF UNI SCH DIST
0.43%
Invest with CMF

What is CMF?

The Fund seeks to track the investment results of the ICE AMT-Free California Municipal Index (the Underlying Index ), which measures the performance of U.S. dollar denominated investment grade tax-exempt debt publicly issued in the U.S. domestic market by the state of California and its political subdivisions. The Underlying Index includes municipal bonds issued in the State of California (the State or California ), the interest of which is exempt from Federal income taxes and not subject to alternative minimum tax. Each bond in the Underlying Index must have a rating of at least BBB- by Standard & Poor s Global Ratings, a subsidiary of S&P Global, Baa3 by Moody s Investors Service, Inc., or BBB- by Fitch Ratings, Inc.

ETFs related toCMF

ETFs correlated to CMF include GDEF, GJAN, AVMU

CMFBlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
GDEFGoldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
Expense Ratio0.55%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
GJANFirst Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
AVMUAmerican Century ETF Trust - Avantis Core Municipal Fixed Income ETF
SMIVanEck ETF Trust - VanEck HIP Sustainable Muni ETF
SCMBSchwab Strategic Trust - Schwab Municipal Bond ETF
MNBDALPS Fund Services - ALPS Intermediate Municipal Bond ETF
MUBBlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
BSMSInvesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2028 Municipal Bond ETF
IBMQiShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
FLMBFranklin Templeton ETF Trust - Franklin Municipal Green 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.

Disclaimers

*

We show information directly obtained from our data provider, XigniteData 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 providerInformation 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.