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
| ISIN | US4642883569 |
|---|---|
| CUSIP | 464288356 |
| Issuer | iShares |
| Inception Date | Oct 4, 2007 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | S&P California AMT-Free Municipal Bond Index |
| Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
CMF has an expense ratio of 0.25%, which is considered low compared to other funds.
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.
Popular comparisons: CMF vs. PWZ, CMF vs. BWX, CMF vs. MBB, CMF vs. EMLC, CMF vs. GVI, CMF vs. PCY, CMF vs. MUB, CMF vs. EBND, CMF vs. SPY, CMF vs. AGG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares 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
iShares California Muni Bond ETF had a return of 1.48% year-to-date (YTD) and 5.46% in the last 12 months. Over the past 10 years, iShares California Muni Bond ETF had an annualized return of 1.99%, while the S&P 500 had an annualized return of 11.11%, indicating that iShares California Muni Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.48% | 23.08% |
| 1 month | -0.34% | 0.48% |
| 6 months | 2.17% | 10.70% |
| 1 year | 5.46% | 30.22% |
| 5 years (annualized) | 0.85% | 13.50% |
| 10 years (annualized) | 1.99% | 11.11% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.02% | -0.00% | -0.27% | -1.15% | -0.33% | 1.04% | 1.20% | 0.52% | 1.12% | -1.36% | 1.48% | ||
| 2023 | 2.55% | -2.22% | 2.45% | -0.18% | -0.90% | 0.81% | 0.02% | -1.03% | -2.16% | -1.16% | 5.39% | 2.28% | 5.71% |
| 2022 | -3.02% | -0.33% | -3.17% | -2.93% | 2.00% | -1.55% | 2.52% | -2.26% | -3.71% | -0.17% | 5.06% | -0.80% | -8.42% |
| 2021 | 0.40% | -1.76% | 0.52% | 0.86% | 0.11% | 0.24% | 0.59% | -0.34% | -0.75% | 0.01% | 0.73% | 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% | 0.43% | 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% | 0.81% | 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% |
| 2013 | 1.27% | 0.15% | -1.38% | 1.02% | -1.72% | -4.49% | 0.08% | -1.14% | 2.63% | 2.34% | -0.24% | -1.06% | -2.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CMF is 48, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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.
Dividends
Dividend History
iShares California Muni Bond ETF provided a 2.74% dividend yield over the last twelve months, with an annual payout of $1.57 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.57 | $1.32 | $0.98 | $0.98 | $1.13 | $1.24 | $1.27 | $1.24 | $1.28 | $1.51 | $1.65 | $1.69 |
Dividend yield | 2.74% | 2.28% | 1.74% | 1.58% | 1.80% | 2.03% | 2.17% | 2.09% | 2.21% | 2.55% | 2.80% | 3.11% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.12 | $0.13 | $0.13 | $0.13 | $0.14 | $0.13 | $0.13 | $0.13 | $0.14 | $0.14 | $1.33 | |
| 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 | $0.10 | $0.98 |
| 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 | $0.00 | $0.15 | $0.15 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.25 | $1.65 |
| 2013 | $0.14 | $0.14 | $0.13 | $0.13 | $0.13 | $0.14 | $0.14 | $0.15 | $0.14 | $0.15 | $0.30 | $1.69 |
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 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 2.05%.
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 current iShares California Muni Bond ETF volatility is 2.02%, 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.