CMF vs FEZ

Comparison between ISHARES CALIFORNIA MUNI BOND ETF (CMF, ETF) and SPDR(R) EURO STOXX 50(R) ETF (FEZ, ETF).

5-Year PerformanceFEZ has outperformed CMF, delivering a return of +10.5% compared to +0.6%

CMF vs FEZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CMF(ETF)	FEZ(ETF)
Net Assets	$4.30B	$4.40B
Expense Ratio	0.08%	0.29%
Max Drawdown	22.81%	66.17%
Sharpe Ratio	0.62	0.80
5Y Beta	0.03	0.81
5Y Dividends CAGR	11.08%	15.74%

Net Assets

CMF

$4.30B

Winner

FEZ

$4.40B

Expense Ratio

Winner

CMF

0.08%

FEZ

0.29%

Max Drawdown

Winner

CMF

22.81%

FEZ

66.17%

Sharpe Ratio

CMF

0.62

Winner

FEZ

0.80

5Y Beta

Winner

CMF

0.03

FEZ

0.81

5Y Dividends CAGR

CMF

11.08%

Winner

FEZ

15.74%

CMF vs FEZ - Historical Returns

Returns include dividend reinvestment.

Period	CMF	FEZ
1 month	-0.14%	-0.69%
3 months	-0.98%	-2.41%
6 months	+0.75%	+3.70%
1 year	+5.76%	+17.00%
5 years(CAGR)	+0.64%	+10.49%
10 years(CAGR)	+1.69%	+10.25%
Max(CAGR)	+3.27%	+7.46%

Winner

CMF

-0.14%

FEZ

-0.69%

Winner

CMF

-0.98%

FEZ

-2.41%

CMF

+0.75%

Winner

FEZ

+3.70%

CMF

+5.76%

Winner

FEZ

+17.00%

5Y(CAGR)

CMF

+0.64%

Winner

FEZ

+10.49%

10Y(CAGR)

CMF

+1.69%

Winner

FEZ

+10.25%

Max(CAGR)

CMF

+3.27%

Winner

FEZ

+7.46%

CMF vs FEZ - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	CMF	FEZ
2026	+0.31%	+1.05%
2025	+3.22%	+39.20%
2024	+1.78%	+5.07%
2023	+5.24%	+25.34%
2022	-8.18%	-15.04%
2021	+0.77%	+13.98%
2020	+4.50%	+3.65%
2019	+7.01%	+26.61%
2018	+0.92%	-16.22%
2017	+4.69%	+24.52%
2016	-0.37%	+2.82%
2015	+3.00%	-3.89%
2014	+10.66%	-7.00%
2013	-3.23%	+24.54%
2012	+7.34%	+18.46%
2011	+15.75%	-17.11%
2010	-2.55%	-11.00%
2009	+8.14%	+23.23%
2008	+0.64%	-42.88%
2007	+1.37%	+19.59%
2006	N/A	+27.55%
2005	N/A	+8.91%
2004	N/A	+16.62%
2003	N/A	+37.66%
2002	N/A	+0.24%

CMF vs FEZ Drawdown Comparison

The maximum drawdown for CMF was -16.45%, occurring on Jun 10, 2015. Recovery took 1295 trading sessions.

The maximum drawdown for FEZ was -64.21%, occurring on Mar 9, 2009. Recovery took 3279 trading sessions.

The current CMF drawdown is -1.49%. The current FEZ drawdown is -4.73%.

Rank	CMF	FEZ
#1	-16.45% Dec 26, 2014 - Feb 20, 2020	-64.21% Dec 10, 2007 - Dec 17, 2020
#2	-14.57% Mar 9, 2020 - Jul 16, 2020	-35.07% Nov 5, 2021 - Jun 16, 2023
#3	-13.25% May 21, 2008 - Jan 7, 2009	-23.13% Jan 6, 2003 - May 5, 2003
#4	-12.46% Aug 3, 2021 - Sep 18, 2025	-15.85% Mar 19, 2025 - May 2, 2025
#5	-11.65% Sep 1, 2010 - Aug 2, 2011	-14.35% Jul 13, 2023 - Dec 13, 2023
#6	-10.57% Nov 30, 2012 - Apr 10, 2014	-14.10% Feb 17, 2004 - Nov 3, 2004
#7	-5.15% Jan 22, 2008 - May 21, 2008	-13.64% May 5, 2006 - Aug 18, 2006
#8	-4.75% Apr 27, 2009 - Aug 17, 2009	-13.63% Feb 25, 2026 - Mar 27, 2026
#9	-4.19% Sep 24, 2009 - Apr 27, 2010	-11.95% Jul 12, 2007 - Oct 1, 2007
#10	-3.80% Apr 18, 2012 - Sep 28, 2012	-11.48% Sep 26, 2024 - Feb 12, 2025
#11	-3.05% Jan 14, 2009 - Feb 9, 2009	-9.62% May 15, 2024 - Sep 26, 2024
#12	-2.91% Feb 27, 2026 - Mar 24, 2026	-9.17% Mar 10, 2005 - Aug 3, 2005
#13	-2.89% Sep 22, 2011 - Dec 8, 2011	-8.37% Feb 26, 2007 - Apr 3, 2007
#14	-2.72% Feb 11, 2009 - Mar 24, 2009	-7.88% Jun 15, 2021 - Nov 3, 2021
#15	-2.18% Feb 12, 2021 - Jun 11, 2021	-7.69% Nov 22, 2002 - Jan 6, 2003

Correlation

Correlation between CMF and FEZ is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.69

-101

Dividend Comparison (2003 - 2026)

CMF vs FEZ dividend yield comparison.

Year	CMF	FEZ
2026	0.98%	0.14%
2025	2.94%	2.78%
2024	2.78%	2.94%
2023	2.29%	2.75%
2022	1.91%	3.06%
2021	1.58%	2.61%
2020	1.80%	2.13%
2019	2.03%	2.61%
2018	2.17%	3.45%
2017	2.09%	2.44%
2016	2.21%	3.35%
2015	2.55%	3.03%
2014	2.80%	3.78%
2013	3.12%	2.72%
2012	3.08%	3.64%
2011	3.66%	5.22%
2010	4.19%	3.36%
2009	3.77%	3.11%
2008	3.52%	5.71%
2007	0.82%	4.15%
2006	0.00%	2.43%
2005	0.00%	2.34%
2004	0.00%	2.07%
2003	0.00%	1.89%