JOJO vs. CMF
Compare and contrast key facts about ATAC Credit Rotation ETF (JOJO) and iShares California Muni Bond ETF (CMF).
JOJO and CMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JOJO is an actively managed fund by ATAC. It was launched on Jul 15, 2021. CMF is a passively managed fund by iShares that tracks the performance of the S&P California AMT-Free Municipal Bond Index. It was launched on Oct 4, 2007.
Performance
JOJO vs. CMF - Performance Comparison
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JOJO vs. CMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JOJO ATAC Credit Rotation ETF | 1.04% | 10.52% | 2.74% | 7.61% | -22.01% | -0.36% |
CMF iShares California Muni Bond ETF | -0.57% | 3.36% | 1.65% | 5.71% | -8.27% | -0.09% |
Returns By Period
In the year-to-date period, JOJO achieves a 1.04% return, which is significantly higher than CMF's -0.57% return.
JOJO
- 1D
- -0.00%
- 1M
- -3.81%
- YTD
- 1.04%
- 6M
- 3.31%
- 1Y
- 8.37%
- 3Y*
- 6.56%
- 5Y*
- —
- 10Y*
- —
CMF
- 1D
- 0.25%
- 1M
- -2.42%
- YTD
- -0.57%
- 6M
- 1.16%
- 1Y
- 4.10%
- 3Y*
- 2.44%
- 5Y*
- 0.58%
- 10Y*
- 1.72%
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JOJO vs. CMF - Expense Ratio Comparison
JOJO has a 1.28% expense ratio, which is higher than CMF's 0.25% expense ratio.
Return for Risk
JOJO vs. CMF — Risk / Return Rank
JOJO
CMF
JOJO vs. CMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ATAC Credit Rotation ETF (JOJO) and iShares California Muni Bond ETF (CMF). 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.
| JOJO | CMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.92 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.15 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.13 | +0.26 |
Martin ratioReturn relative to average drawdown | 4.35 | 3.54 | +0.81 |
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
| JOJO | CMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.92 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.39 | -0.46 |
Correlation
The correlation between JOJO and CMF is 0.55, 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
JOJO vs. CMF - Dividend Comparison
JOJO's dividend yield for the trailing twelve months is around 4.99%, more than CMF's 2.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JOJO ATAC Credit Rotation ETF | 4.99% | 4.78% | 4.88% | 4.30% | 3.63% | 2.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CMF iShares California Muni Bond ETF | 2.98% | 2.94% | 2.78% | 2.29% | 1.91% | 1.58% | 1.80% | 2.03% | 2.17% | 2.09% | 2.21% | 2.55% |
Drawdowns
JOJO vs. CMF - Drawdown Comparison
The maximum JOJO drawdown since its inception was -28.43%, which is greater than CMF's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for JOJO and CMF.
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Drawdown Indicators
| JOJO | CMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.43% | -16.45% | -11.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.54% | -3.84% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.57% | — |
Current DrawdownCurrent decline from peak | -7.04% | -2.42% | -4.62% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -4.80% | -11.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.23% | +0.87% |
Volatility
JOJO vs. CMF - Volatility Comparison
ATAC Credit Rotation ETF (JOJO) has a higher volatility of 3.31% compared to iShares California Muni Bond ETF (CMF) at 1.56%. This indicates that JOJO's price experiences larger fluctuations and is considered to be riskier than CMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JOJO | CMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 1.56% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 5.20% | 2.00% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.28% | 4.48% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.48% | 4.17% | +7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.48% | 5.07% | +6.41% |