CMF vs HYD
Comparison between ISHARES CALIFORNIA MUNI BOND ETF (CMF, ETF) and VANECK HIGH YIELD MUNI ETF (HYD, ETF).
5-Year PerformanceCMF has outperformed HYD, delivering a return of +0.7% compared to -0.2%
CMF vs HYD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
CMF vs HYD - Historical Returns
Returns include dividend reinvestment.
CMF vs HYD - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | CMF | HYD |
|---|---|---|
| 2026 | +1.14% | +2.09% |
| 2025 | +3.22% | +3.03% |
| 2024 | +1.78% | +5.54% |
| 2023 | +5.24% | +6.06% |
| 2022 | -8.18% | -15.78% |
| 2021 | +0.77% | +5.36% |
| 2020 | +4.50% | +0.24% |
| 2019 | +7.01% | +9.24% |
| 2018 | +0.92% | +0.37% |
| 2017 | +6.37% | +7.61% |
| 2016 | +1.78% | -2.12% |
| 2015 | +5.68% | +2.35% |
| 2014 | +13.86% | +11.55% |
| 2013 | -0.24% | -11.45% |
| 2012 | +10.71% | +12.82% |
| 2011 | +20.28% | +7.42% |
| 2010 | +1.29% | -2.95% |
| 2009 | +12.33% | +20.08% |
| 2008 | +4.20% | N/A |
| 2007 | +2.20% | N/A |
CMF vs HYD Drawdown Comparison
The maximum drawdown for CMF was -15.91%, occurring on Dec 29, 2014. Recovery took 1070 trading sessions.
The maximum drawdown for HYD was -35.61%, occurring on Mar 18, 2020. Recovery took 313 trading sessions.
The current CMF drawdown is -0.68%. The current HYD drawdown is -2.00%.
| Rank | CMF | HYD |
|---|---|---|
| #1 | -15.91% Dec 26, 2014 - Mar 29, 2019 | -35.61% Feb 26, 2020 - May 24, 2021 |
| #2 | -14.57% Mar 9, 2020 - Jul 16, 2020 | -20.72% Aug 3, 2021 - Oct 24, 2022 |
| #3 | -12.78% Sep 11, 2008 - Nov 5, 2008 | -16.31% May 24, 2013 - Jan 6, 2016 |
| #4 | -12.46% Aug 3, 2021 - Sep 18, 2025 | -12.11% Oct 25, 2010 - Jan 6, 2012 |
| #5 | -10.76% Oct 8, 2010 - May 16, 2011 | -11.09% Aug 31, 2016 - Jan 3, 2018 |
| #6 | -9.53% May 20, 2013 - Jan 17, 2014 | -5.41% Oct 5, 2009 - Aug 25, 2010 |
| #7 | -7.09% Nov 6, 2008 - Jan 5, 2009 | -4.66% Dec 6, 2012 - May 16, 2013 |
| #8 | -4.86% Jan 22, 2008 - Apr 11, 2008 | -3.68% Aug 24, 2018 - Mar 7, 2019 |
| #9 | -4.03% May 6, 2009 - Aug 11, 2009 | -3.60% Jun 5, 2009 - Aug 24, 2009 |
| #10 | -3.88% Dec 5, 2012 - Mar 1, 2013 | -2.15% Mar 26, 2009 - Apr 23, 2009 |
| #11 | -3.80% Apr 18, 2012 - Aug 1, 2012 | -2.14% Feb 27, 2009 - Mar 25, 2009 |
| #12 | -3.78% Oct 7, 2009 - Mar 2, 2010 | -2.11% Jan 3, 2018 - May 10, 2018 |
| #13 | -3.68% May 21, 2008 - Sep 3, 2008 | -1.86% Mar 9, 2012 - Mar 27, 2012 |
| #14 | -3.05% Jan 14, 2009 - Feb 9, 2009 | -1.64% Sep 3, 2019 - Oct 8, 2019 |
| #15 | -2.91% Feb 27, 2026 - Mar 24, 2026 | -1.34% Aug 1, 2012 - Aug 24, 2012 |
Correlation
Correlation between CMF and HYD is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2007 - 2026)
CMF vs HYD dividend yield comparison.
| Year | CMF | HYD |
|---|---|---|
| 2026 | 1.22% | 1.76% |
| 2025 | 2.94% | 4.29% |
| 2024 | 2.78% | 4.29% |
| 2023 | 2.29% | 4.13% |
| 2022 | 1.91% | 3.96% |
| 2021 | 1.58% | 3.50% |
| 2020 | 1.80% | 4.01% |
| 2019 | 2.03% | 4.08% |
| 2018 | 2.17% | 2.79% |
| 2017 | 3.67% | 2.14% |
| 2016 | 4.42% | 2.29% |
| 2015 | 5.11% | 2.41% |
| 2014 | 5.61% | 2.49% |
| 2013 | 6.23% | 3.17% |
| 2012 | 6.16% | 2.50% |
| 2011 | 7.33% | 2.93% |
| 2010 | 8.39% | 3.47% |
| 2009 | 7.54% | 2.86% |
| 2008 | 7.03% | 0.00% |
| 2007 | 1.63% | 0.00% |
Select Stocks to Compare
More Comparisons
Compare with similar stocks