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CMF vs PWZ

iShares California Muni Bond ETF vs Invesco California AMT-Free Municipal Bond ETF

CMF

iShares California Muni Bond ETF

iShares

Annual cost

0.08%

Fund size

$4.3B

PWZ

Invesco California AMT-Free Municipal Bond ETF

Invesco

Annual cost

0.28%

Fund size

$1.1B

Key differences

  • CMF costs 0.20% less per year.
  • CMF is significantly larger than PWZ — larger funds tend to be more liquid and less likely to close.

Side-by-side comparison

CMFPWZ
Annual cost (TER)0.08%0.28%
Fund size (AUM)$4.3B$1.1B
Since20072007
Dividend yield2.96%3.57%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+5.8%+6.7%
CAGR 3Y+2.8%+2.5%
CAGR 5Y+0.5%-0.2%
Sharpe 3Y-0.17-0.13
Volatility 1Y2.81%4.39%
Max drawdown-14.57%-17.73%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to CMF and PWZ