IBMM vs. CA
Compare and contrast key facts about iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) and Xtrackers California Municipal Bond ETF (CA).
IBMM and CA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBMM is a passively managed fund by iShares that tracks the performance of the S&P AMT-Free Municipal Series Dec 2024 Index. It was launched on Mar 20, 2018. 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. Both IBMM and CA 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
IBMM vs. CA - Performance Comparison
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IBMM vs. CA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% |
CA Xtrackers California Municipal Bond ETF | -0.96% |
Returns By Period
IBMM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CA
- 1D
- 0.38%
- 1M
- -2.00%
- YTD
- -0.08%
- 6M
- 1.22%
- 1Y
- 3.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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IBMM vs. CA - Expense Ratio Comparison
IBMM has a 0.18% expense ratio, which is higher than CA's 0.07% 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%.
Return for Risk
IBMM vs. CA — Risk / Return Rank
IBMM
CA
IBMM vs. CA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) and Xtrackers California Municipal Bond ETF (CA). 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.
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Sharpe Ratios by Period
| IBMM | CA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.57 | — |
Dividends
IBMM vs. CA - Dividend Comparison
IBMM has not paid dividends to shareholders, while CA's dividend yield for the trailing twelve months is around 3.20%.
| TTM | 2025 | 2024 | |
|---|---|---|---|
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | 0.00% | 0.00% |
CA Xtrackers California Municipal Bond ETF | 3.20% | 3.14% | 3.03% |
Drawdowns
IBMM vs. CA - Drawdown Comparison
The maximum IBMM drawdown since its inception was 0.00%, smaller than the maximum CA drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for IBMM and CA.
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Drawdown Indicators
| IBMM | CA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -5.24% | +5.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.67% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.00% | +2.00% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -1.30% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.28% | — |
Volatility
IBMM vs. CA - Volatility Comparison
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Volatility by Period
| IBMM | CA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 4.40% | -4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 4.09% | -4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 4.09% | -4.09% |