Blackrock Short-Term California Muni Bond ETF (CALY)
CALY is an actively managed ETF by BlackRock. CALY launched on Jul 11, 2023 and has a 0.20% expense ratio.
ETF Info
| ISIN | US0925288849 |
|---|---|
| Issuer | BlackRock |
| Inception Date | Jul 11, 2023 |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
CALY has an expense ratio of 0.20%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: CALY vs. PWZ, CALY vs. FCAL, CALY vs. VTEB
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Blackrock Short-Term California Muni Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Blackrock Short-Term California Muni Bond ETF had a return of 2.61% year-to-date (YTD) and 4.15% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.61% | 21.24% |
| 1 month | 0.16% | 0.55% |
| 6 months | 2.07% | 11.47% |
| 1 year | 4.15% | 32.45% |
| 5 years (annualized) | N/A | 13.43% |
| 10 years (annualized) | N/A | 11.05% |
Monthly Returns
The table below presents the monthly returns of CALY, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.07% | 0.01% | 0.31% | 0.02% | 0.33% | 0.32% | 0.55% | 0.56% | 0.28% | -0.05% | 2.61% | ||
| 2023 | 0.10% | 0.27% | -0.68% | 0.13% | 1.27% | 0.63% | 1.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CALY is 98, placing it in the top 2% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Blackrock Short-Term California Muni Bond ETF (CALY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Blackrock Short-Term California Muni Bond ETF provided a 3.13% dividend yield over the last twelve months, with an annual payout of $1.58 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $1.58 | $0.53 |
Dividend yield | 3.13% | 1.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Blackrock Short-Term California Muni Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.14 | $0.13 | $0.13 | $0.12 | $0.14 | $0.13 | $0.13 | $0.13 | $0.14 | $0.13 | $1.32 | |
| 2023 | $0.00 | $0.15 | $0.13 | $0.25 | $0.53 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Blackrock Short-Term California Muni Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Blackrock Short-Term California Muni Bond ETF was 0.69%, occurring on Oct 3, 2023. Recovery took 27 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.69% | Sep 1, 2023 | 22 | Oct 3, 2023 | 27 | Nov 9, 2023 | 49 |
| -0.31% | Mar 21, 2024 | 9 | Apr 3, 2024 | 21 | May 2, 2024 | 30 |
| -0.24% | Jan 10, 2024 | 9 | Jan 23, 2024 | 7 | Feb 1, 2024 | 16 |
| -0.16% | Jun 7, 2024 | 1 | Jun 7, 2024 | 3 | Jun 12, 2024 | 4 |
| -0.16% | Oct 4, 2024 | 16 | Oct 25, 2024 | 6 | Nov 4, 2024 | 22 |
Volatility
Volatility Chart
The current Blackrock Short-Term California Muni Bond ETF volatility is 0.20%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.