iShares California Muni Bond ETF (CMF)
CMF is a passive ETF by iShares tracking the investment results of the S&P California AMT-Free Municipal Bond Index. CMF launched on Oct 4, 2007 and has a 0.25% expense ratio.
ETF Info
US4642883569
464288356
Oct 4, 2007
North America (U.S.)
1x
S&P California AMT-Free Municipal Bond Index
Expense Ratio
CMF has an expense ratio of 0.25%, which is considered low.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
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Returns By Period
iShares California Muni Bond ETF (CMF) returned -1.58% year-to-date (YTD) and 0.73% over the past 12 months. Over the past 10 years, CMF returned 1.81% annually, underperforming the S&P 500 benchmark at 10.89%.
CMF
-1.58%
1.38%
-1.42%
0.73%
0.20%
1.81%
^GSPC (Benchmark)
1.30%
12.79%
1.49%
12.35%
15.12%
10.89%
Monthly Returns
The table below presents the monthly returns of CMF, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.56% | 1.11% | -1.81% | -0.35% | 0.04% | -1.58% | |||||||
| 2024 | 0.02% | 0.00% | -0.27% | -1.15% | -0.33% | 1.04% | 1.20% | 0.52% | 1.12% | -1.36% | 1.69% | -0.79% | 1.65% |
| 2023 | 2.55% | -2.22% | 2.45% | -0.18% | -0.90% | 0.81% | 0.02% | -1.02% | -2.16% | -1.16% | 5.39% | 2.28% | 5.71% |
| 2022 | -3.02% | -0.34% | -3.17% | -2.93% | 2.00% | -1.55% | 2.52% | -2.26% | -3.71% | -0.17% | 5.06% | -0.63% | -8.27% |
| 2021 | 0.40% | -1.76% | 0.52% | 0.86% | 0.11% | 0.24% | 0.59% | -0.34% | -0.75% | 0.01% | 0.72% | 0.19% | 0.78% |
| 2020 | 1.76% | 0.84% | -3.37% | -1.04% | 4.52% | -0.19% | 1.43% | -0.46% | -0.16% | -0.61% | 1.68% | 0.21% | 4.50% |
| 2019 | 0.32% | 0.27% | 1.74% | 0.42% | 1.47% | 0.40% | 0.76% | 1.59% | -0.78% | 0.17% | 0.13% | 0.28% | 6.94% |
| 2018 | -0.63% | -0.79% | 0.46% | -0.64% | 1.57% | -0.10% | 0.05% | 0.37% | -0.83% | -1.14% | 1.14% | 1.57% | 0.99% |
| 2017 | -0.10% | 0.63% | 0.55% | 0.50% | 1.60% | -0.38% | 0.81% | 0.90% | -0.49% | 0.21% | -0.49% | 0.80% | 4.63% |
| 2016 | 0.96% | 0.01% | 0.38% | 0.91% | 0.20% | 1.72% | -0.20% | 0.29% | -0.67% | -0.95% | -4.29% | 1.62% | -0.15% |
| 2015 | 1.75% | -1.17% | 0.31% | -0.86% | -0.14% | -0.67% | 1.33% | -0.12% | 1.04% | 0.24% | 0.39% | 0.86% | 2.95% |
| 2014 | 2.90% | 1.78% | -0.12% | 1.56% | 1.22% | 0.34% | 0.26% | 1.28% | -0.12% | 0.88% | 0.02% | 0.88% | 11.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CMF is 18, meaning it’s performing worse than 82% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares California Muni Bond ETF (CMF) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
iShares California Muni Bond ETF provided a 2.93% dividend yield over the last twelve months, with an annual payout of $1.64 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.64 | $1.59 | $1.32 | $1.07 | $0.98 | $1.13 | $1.24 | $1.27 | $1.24 | $1.28 | $1.51 | $1.65 |
Dividend yield | 2.93% | 2.78% | 2.29% | 1.91% | 1.58% | 1.80% | 2.03% | 2.17% | 2.09% | 2.21% | 2.55% | 2.80% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.13 | $0.14 | $0.14 | $0.14 | $0.56 | |||||||
| 2024 | $0.00 | $0.12 | $0.13 | $0.13 | $0.13 | $0.14 | $0.13 | $0.13 | $0.13 | $0.14 | $0.14 | $0.27 | $1.59 |
| 2023 | $0.00 | $0.10 | $0.11 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.12 | $0.11 | $0.24 | $1.32 |
| 2022 | $0.00 | $0.08 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.10 | $0.10 | $0.19 | $1.07 |
| 2021 | $0.00 | $0.08 | $0.09 | $0.08 | $0.09 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.16 | $0.98 |
| 2020 | $0.00 | $0.10 | $0.10 | $0.10 | $0.11 | $0.10 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.17 | $1.13 |
| 2019 | $0.00 | $0.11 | $0.11 | $0.10 | $0.11 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.24 |
| 2018 | $0.00 | $0.10 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.22 | $1.27 |
| 2017 | $0.00 | $0.10 | $0.11 | $0.10 | $0.11 | $0.10 | $0.11 | $0.10 | $0.10 | $0.11 | $0.10 | $0.20 | $1.24 |
| 2016 | $0.00 | $0.12 | $0.11 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.10 | $0.10 | $0.20 | $1.28 |
| 2015 | $0.00 | $0.13 | $0.13 | $0.13 | $0.13 | $0.12 | $0.13 | $0.13 | $0.13 | $0.13 | $0.12 | $0.24 | $1.51 |
| 2014 | $0.15 | $0.15 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.25 | $1.65 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares 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 iShares California Muni Bond ETF was 16.45%, occurring on Jun 10, 2015. Recovery took 1182 trading sessions.
The current iShares California Muni Bond ETF drawdown is 3.28%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.45% | Dec 29, 2014 | 113 | Jun 10, 2015 | 1182 | Feb 20, 2020 | 1295 |
| -14.57% | Mar 10, 2020 | 10 | Mar 23, 2020 | 80 | Jul 16, 2020 | 90 |
| -13.24% | May 22, 2008 | 104 | Oct 17, 2008 | 55 | Jan 7, 2009 | 159 |
| -12.45% | Aug 4, 2021 | 310 | Oct 25, 2022 | — | — | — |
| -11.65% | Sep 2, 2010 | 95 | Jan 18, 2011 | 136 | Aug 2, 2011 | 231 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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