CMF vs UPRO
Comparison between ISHARES CALIFORNIA MUNI BOND ETF (CMF, ETF) and PROSHARES ULTRAPRO S&P500 (UPRO, ETF).
5-Year PerformanceUPRO has outperformed CMF, delivering a return of +21.6% compared to +0.6%
CMF vs UPRO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
CMF
$4.10B
UPRO
$4B
Expense Ratio
CMF
0.08%
UPRO
N/A
Max Drawdown
Winner
CMF
22.81%
UPRO
76.82%
Sharpe Ratio
CMF
0.72
Winner
UPRO
1.98
5Y Beta
Winner
CMF
0.03
UPRO
2.89
5Y Dividends CAGR
CMF
11.08%
Winner
UPRO
84.45%
CMF vs UPRO - Historical Returns
Returns include dividend reinvestment.
1M
CMF
+0.35%
Winner
UPRO
+28.36%
3M
CMF
-0.46%
Winner
UPRO
+16.14%
6M
CMF
+1.19%
Winner
UPRO
+24.88%
1Y
CMF
+6.02%
Winner
UPRO
+97.54%
5Y(CAGR)
CMF
+0.64%
Winner
UPRO
+21.61%
10Y(CAGR)
CMF
+1.73%
Winner
UPRO
+30.11%
Max(CAGR)
CMF
+3.29%
Winner
UPRO
+33.01%
CMF vs UPRO - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | CMF | UPRO |
|---|---|---|
| 2026 | +0.58% | +19.94% |
| 2025 | +3.22% | +33.00% |
| 2024 | +1.78% | +66.56% |
| 2023 | +5.24% | +70.82% |
| 2022 | -8.18% | -57.58% |
| 2021 | +0.77% | +107.13% |
| 2020 | +4.50% | +7.18% |
| 2019 | +7.01% | +101.91% |
| 2018 | +0.92% | -26.65% |
| 2017 | +4.69% | +67.74% |
| 2016 | -0.37% | +36.68% |
| 2015 | +3.00% | -4.99% |
| 2014 | +10.66% | +42.06% |
| 2013 | -3.23% | +103.37% |
| 2012 | +7.34% | +40.02% |
| 2011 | +15.75% | -14.37% |
| 2010 | -2.55% | +29.81% |
| 2009 | +8.14% | +73.78% |
| 2008 | +0.64% | N/A |
| 2007 | +1.37% | N/A |
CMF vs UPRO Drawdown Comparison
The maximum drawdown for CMF was -16.45%, occurring on Jun 10, 2015. Recovery took 1295 trading sessions.
The maximum drawdown for UPRO was -76.82%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
The current CMF drawdown is -1.23%.
| Rank | CMF | UPRO |
|---|---|---|
| #1 | -16.45% Dec 26, 2014 - Feb 20, 2020 | -76.82% Feb 19, 2020 - Jan 8, 2021 |
| #2 | -14.57% Mar 9, 2020 - Jul 16, 2020 | -63.94% Jan 3, 2022 - Jun 17, 2024 |
| #3 | -13.25% May 21, 2008 - Jan 7, 2009 | -51.73% Apr 29, 2011 - Apr 2, 2012 |
| #4 | -12.46% Aug 3, 2021 - Sep 18, 2025 | -50.28% Sep 20, 2018 - Jul 12, 2019 |
| #5 | -11.65% Sep 1, 2010 - Aug 2, 2011 | -48.86% Feb 19, 2025 - Jul 25, 2025 |
| #6 | -10.57% Nov 30, 2012 - Apr 10, 2014 | -42.88% Apr 23, 2010 - Dec 10, 2010 |
| #7 | -5.15% Jan 22, 2008 - May 21, 2008 | -39.29% May 21, 2015 - Jul 18, 2016 |
| #8 | -4.75% Apr 27, 2009 - Aug 17, 2009 | -29.34% Jan 26, 2018 - Aug 29, 2018 |
| #9 | -4.19% Sep 24, 2009 - Apr 27, 2010 | -27.26% Apr 2, 2012 - Sep 6, 2012 |
| #10 | -3.80% Apr 18, 2012 - Sep 28, 2012 | -26.79% Jan 12, 2026 - Apr 17, 2026 |
| #11 | -3.05% Jan 14, 2009 - Feb 9, 2009 | -24.41% Jul 16, 2024 - Sep 24, 2024 |
| #12 | -2.91% Feb 27, 2026 - Mar 24, 2026 | -22.72% Jan 19, 2010 - Mar 16, 2010 |
| #13 | -2.89% Sep 22, 2011 - Dec 8, 2011 | -21.27% Sep 14, 2012 - Jan 4, 2013 |
| #14 | -2.72% Feb 11, 2009 - Mar 24, 2009 | -21.05% Sep 18, 2014 - Nov 3, 2014 |
| #15 | -2.18% Feb 12, 2021 - Jun 11, 2021 | -18.18% Feb 18, 2011 - Apr 26, 2011 |
Correlation
Correlation between CMF and UPRO is 0.77 which considered as a strong positive correlation - the stocks tend to move together.
0.77
-101
Dividend Comparison (2007 - 2026)
CMF vs UPRO dividend yield comparison.
| Year | CMF | UPRO |
|---|---|---|
| 2026 | 0.98% | 0.16% |
| 2025 | 2.94% | 0.84% |
| 2024 | 2.78% | 0.93% |
| 2023 | 2.29% | 0.74% |
| 2022 | 1.91% | 0.52% |
| 2021 | 1.58% | 0.06% |
| 2020 | 1.80% | 0.11% |
| 2019 | 2.03% | 0.41% |
| 2018 | 2.17% | 0.63% |
| 2017 | 2.09% | 0.00% |
| 2016 | 2.21% | 0.12% |
| 2015 | 2.55% | 0.34% |
| 2014 | 2.80% | 0.22% |
| 2013 | 3.12% | 0.07% |
| 2012 | 3.08% | 0.05% |
| 2011 | 3.66% | 0.06% |
| 2010 | 4.19% | 0.18% |
| 2009 | 3.77% | 0.11% |
| 2008 | 3.52% | 0.00% |
| 2007 | 0.82% | 0.00% |
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