IYR vs CMF

Comparison between ISHARES U.S. REAL ESTATE ETF (IYR, ETF) and ISHARES CALIFORNIA MUNI BOND ETF (CMF, ETF).

5-Year PerformanceIYR has outperformed CMF, delivering a return of +3.5% compared to +0.6%

IYR vs CMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IYR(ETF)	CMF(ETF)
Net Assets	$4B	$4.10B
Expense Ratio	0.38%	0.08%
Max Drawdown	76.51%	22.81%
Sharpe Ratio	0.62	0.72
5Y Beta	0.52	0.03
P/E Ratio	30.17	N/A
Forward P/E	29.29	N/A
PEG Ratio	0.28	N/A
5Y Dividends CAGR	3.34%	11.08%
5Y EPS CAGR	7.90%	N/A
Debt to Equity	-6.79%	N/A
P/S Ratio	5.73	N/A
P/B Ratio	2.65	N/A

Net Assets

IYR

$4B

Winner

CMF

$4.10B

Expense Ratio

IYR

0.38%

Winner

CMF

0.08%

Max Drawdown

IYR

76.51%

Winner

CMF

22.81%

Sharpe Ratio

IYR

0.62

Winner

CMF

0.72

5Y Beta

IYR

0.52

Winner

CMF

0.03

P/E Ratio

IYR

30.17

CMF

N/A

Forward P/E

IYR

29.29

CMF

N/A

PEG Ratio

IYR

0.28

CMF

N/A

5Y Dividends CAGR

IYR

3.34%

Winner

CMF

11.08%

5Y EPS CAGR

IYR

7.90%

CMF

N/A

Debt to Equity

IYR

-6.79%

CMF

N/A

P/S Ratio

IYR

5.73

CMF

N/A

P/B Ratio

IYR

2.65

CMF

N/A

IYR vs CMF - Historical Returns

Returns include dividend reinvestment.

Period	IYR	CMF
1 month	+4.66%	+0.35%
3 months	+5.10%	-0.46%
6 months	+8.72%	+1.19%
1 year	+12.24%	+6.02%
5 years(CAGR)	+3.45%	+0.64%
10 years(CAGR)	+5.61%	+1.73%
Max(CAGR)	+8.46%	+3.29%

Winner

IYR

+4.66%

CMF

+0.35%

Winner

IYR

+5.10%

CMF

-0.46%

Winner

IYR

+8.72%

CMF

+1.19%

Winner

IYR

+12.24%

CMF

+6.02%

5Y(CAGR)

Winner

IYR

+3.45%

CMF

+0.64%

10Y(CAGR)

Winner

IYR

+5.61%

CMF

+1.73%

Max(CAGR)

Winner

IYR

+8.46%

CMF

+3.29%

IYR vs CMF - Annual Returns (2000 - 2026)

Returns include dividend reinvestment.

Year	IYR	CMF
2026	+9.65%	+0.58%
2025	+4.26%	+3.22%
2024	+3.50%	+1.78%
2023	+11.73%	+5.24%
2022	-24.93%	-8.18%
2021	+43.60%	+0.77%
2020	-4.21%	+4.50%
2019	+31.02%	+7.01%
2018	-3.81%	+0.92%
2017	+8.90%	+4.69%
2016	+8.08%	-0.37%
2015	+0.39%	+3.00%
2014	+26.89%	+10.66%
2013	-0.46%	-3.23%
2012	+17.48%	+7.34%
2011	+3.90%	+15.75%
2010	+26.88%	-2.55%
2009	+34.13%	+8.14%
2008	-39.37%	+0.64%
2007	-18.62%	+1.37%
2006	+31.33%	N/A
2005	+10.31%	N/A
2004	+30.53%	N/A
2003	+35.37%	N/A
2002	+2.87%	N/A
2001	+11.51%	N/A
2000	+12.29%	N/A

IYR vs CMF Drawdown Comparison

The maximum drawdown for IYR was -74.11%, occurring on Mar 6, 2009. Recovery took 1553 trading sessions.

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

The current IYR drawdown is -1.19%. The current CMF drawdown is -1.23%.

Rank	IYR	CMF
#1	-74.11% Feb 7, 2007 - Apr 10, 2013	-16.45% Dec 26, 2014 - Feb 20, 2020
#2	-42.32% Feb 14, 2020 - Apr 20, 2021	-14.57% Mar 9, 2020 - Jul 16, 2020
#3	-33.72% Dec 31, 2021 - Oct 25, 2023	-13.25% May 21, 2008 - Jan 7, 2009
#4	-18.84% Apr 1, 2004 - Aug 31, 2004	-12.46% Aug 3, 2021 - Sep 18, 2025
#5	-18.54% May 21, 2013 - Jun 5, 2014	-11.65% Sep 1, 2010 - Aug 2, 2011
#6	-18.38% Apr 12, 2002 - May 20, 2003	-10.57% Nov 30, 2012 - Apr 10, 2014
#7	-17.09% Jan 26, 2015 - May 6, 2016	-5.15% Jan 22, 2008 - May 21, 2008
#8	-14.25% Aug 1, 2016 - Sep 11, 2017	-4.75% Apr 27, 2009 - Aug 17, 2009
#9	-13.93% Aug 21, 2001 - Mar 4, 2002	-4.19% Sep 24, 2009 - Apr 27, 2010
#10	-12.64% Dec 6, 2018 - Jan 30, 2019	-3.80% Apr 18, 2012 - Sep 28, 2012
#11	-12.50% Aug 2, 2005 - Jan 6, 2006	-3.05% Jan 14, 2009 - Feb 9, 2009
#12	-12.49% Dec 18, 2017 - Jun 29, 2018	-2.91% Feb 27, 2026 - Mar 24, 2026
#13	-9.61% Mar 17, 2006 - Jul 19, 2006	-2.89% Sep 22, 2011 - Dec 8, 2011
#14	-9.01% Dec 30, 2004 - May 18, 2005	-2.72% Feb 11, 2009 - Mar 24, 2009
#15	-8.39% Aug 20, 2018 - Dec 6, 2018	-2.18% Feb 12, 2021 - Jun 11, 2021

Correlation

Correlation between IYR and CMF is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2000 - 2026)

IYR vs CMF dividend yield comparison.

Year	IYR	CMF
2026	0.27%	0.98%
2025	2.48%	2.94%
2024	2.57%	2.78%
2023	2.75%	2.29%
2022	2.92%	1.91%
2021	2.06%	1.58%
2020	2.58%	1.80%
2019	3.05%	2.03%
2018	3.53%	2.17%
2017	3.73%	2.09%
2016	4.41%	2.21%
2015	3.92%	2.55%
2014	3.66%	2.80%
2013	3.78%	3.12%
2012	3.71%	3.08%
2011	3.83%	3.66%
2010	3.52%	4.19%
2009	4.21%	3.77%
2008	8.26%	3.52%
2007	4.40%	0.82%
2006	3.46%	0.00%
2005	4.38%	0.00%
2004	4.23%	0.00%
2003	4.70%	0.00%
2002	6.95%	0.00%
2001	5.01%	0.00%
2000	3.37%	0.00%