CA vs. ITM
Compare and contrast key facts about Xtrackers California Municipal Bond ETF (CA) and VanEck Intermediate Muni ETF (ITM).
CA and ITM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CA is a passively managed fund by Xtrackers that tracks the performance of the ICE AMT-Free Broad Liquid California Municipal Index - Benchmark TR Gross. It was launched on Dec 13, 2023. ITM is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Intermediate Continuous. It was launched on Dec 4, 2007. Both CA and ITM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CA vs. ITM - Performance Comparison
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CA vs. ITM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CA Xtrackers California Municipal Bond ETF | -0.08% | 3.05% | 1.51% | 0.79% |
ITM VanEck Intermediate Muni ETF | -1.09% | 5.34% | 0.73% | 0.73% |
Returns By Period
In the year-to-date period, CA achieves a -0.08% return, which is significantly higher than ITM's -1.09% return.
CA
- 1D
- 0.38%
- 1M
- -2.00%
- YTD
- -0.08%
- 6M
- 1.22%
- 1Y
- 3.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITM
- 1D
- 0.28%
- 1M
- -2.99%
- YTD
- -1.09%
- 6M
- 1.07%
- 1Y
- 5.07%
- 3Y*
- 2.74%
- 5Y*
- 0.39%
- 10Y*
- 1.92%
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CA vs. ITM - Expense Ratio Comparison
CA has a 0.07% expense ratio, which is lower than ITM's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
CA vs. ITM — Risk / Return Rank
CA
ITM
CA vs. ITM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers California Municipal Bond ETF (CA) and VanEck Intermediate Muni ETF (ITM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CA | ITM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.21 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.51 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.56 | -0.39 |
Martin ratioReturn relative to average drawdown | 3.35 | 5.33 | -1.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CA | ITM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.21 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.09 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.43 | +0.14 |
Correlation
The correlation between CA and ITM is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CA vs. ITM - Dividend Comparison
CA's dividend yield for the trailing twelve months is around 3.20%, more than ITM's 2.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CA Xtrackers California Municipal Bond ETF | 3.20% | 3.14% | 3.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITM VanEck Intermediate Muni ETF | 2.93% | 2.86% | 2.73% | 2.40% | 1.92% | 1.70% | 2.13% | 2.44% | 2.33% | 2.21% | 2.29% | 2.28% |
Drawdowns
CA vs. ITM - Drawdown Comparison
The maximum CA drawdown since its inception was -5.24%, smaller than the maximum ITM drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for CA and ITM.
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Drawdown Indicators
| CA | ITM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -24.75% | +19.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -3.43% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.75% | — |
Current DrawdownCurrent decline from peak | -2.00% | -2.99% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -2.99% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 1.00% | +0.28% |
Volatility
CA vs. ITM - Volatility Comparison
Xtrackers California Municipal Bond ETF (CA) and VanEck Intermediate Muni ETF (ITM) have volatilities of 1.31% and 1.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CA | ITM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.35% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 1.98% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 4.21% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.09% | 4.28% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 7.10% | -3.01% |