CAM vs. IBMM

Last updated Jun 4, 2026

CAM (AB California Intermediate Municipal ETF) and IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) are both Municipal Bonds funds. CAM is actively managed, while IBMM is passively managed. CAM charges 0.27%/yr vs 0.18%/yr for IBMM.

Performance

CAM vs. IBMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB California Intermediate Municipal ETF (CAM) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAM

• 1D: 0.00%
• 1M: 0.60%
• YTD: 1.29%
• 6M: 1.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBMM

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CAM vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
CAM AB California Intermediate Municipal ETF	0.25%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Return for Risk

CAM vs. IBMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB California Intermediate Municipal ETF (CAM) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CAM	IBMM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	—	—

Drawdowns

CAM vs. IBMM - Drawdown Comparison

The maximum CAM drawdown since its inception was -2.19%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CAM and IBMM.

Drawdown Indicators

	CAM	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-2.19%	0.00%	-2.19%
Current Drawdown Current decline from peak	-0.58%	0.00%	-0.58%
Average Drawdown Average peak-to-trough decline	-0.51%	0.00%	-0.51%

Volatility

Volatility by Period

	CAM	IBMM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.12%	0.00%	+2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.12%	0.00%	+2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.12%	0.00%	+2.12%

CAM vs. IBMM - Expense Ratio Comparison

CAM has a 0.27% expense ratio, which is higher than IBMM's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CAM vs. IBMM - Dividend Comparison

CAM's dividend yield for the trailing twelve months is around 2.25%, while IBMM has not paid dividends to shareholders.

Position	TTM	2025
CAM AB California Intermediate Municipal ETF	2.25%	0.87%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, CAM or IBMM?

On fees, IBMM is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAM or IBMM?

IBMM is cheaper with a 0.18% expense ratio, compared with 0.27% for CAM.

Which ETF pays a higher dividend yield, CAM or IBMM?

CAM has the higher dividend yield at 2.25%, compared with 0.00% for IBMM.

What is the main difference between CAM and IBMM?

They also come from different issuers: AllianceBernstein and iShares. Their fees differ too: 0.27% for CAM and 0.18% for IBMM.