QLTY vs CMF

Comparison between GMO U.S. QUALITY ETF (QLTY, ETF) and ISHARES CALIFORNIA MUNI BOND ETF (CMF, ETF).

QLTY vs CMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	QLTY(ETF)	CMF(ETF)
Net Assets	$4.20B	$4.30B
Expense Ratio	0.50%	0.08%
Max Drawdown	17.13%	22.81%
Sharpe Ratio	1.77	0.62
5Y Beta	0.89	0.03
P/E Ratio	26.42	N/A
Forward P/E	21.77	N/A
PEG Ratio	0.91	N/A
5Y Dividends CAGR	N/A	11.08%
5Y EPS CAGR	20.02%	N/A
Debt to Equity	48.91%	N/A
P/S Ratio	2.98	N/A
P/B Ratio	5.53	N/A

Net Assets

QLTY

$4.20B

Winner

CMF

$4.30B

Expense Ratio

QLTY

0.50%

Winner

CMF

0.08%

Max Drawdown

Winner

QLTY

17.13%

CMF

22.81%

Sharpe Ratio

Winner

QLTY

1.77

CMF

0.62

5Y Beta

QLTY

0.89

Winner

CMF

0.03

P/E Ratio

QLTY

26.42

CMF

N/A

Forward P/E

QLTY

21.77

CMF

N/A

PEG Ratio

QLTY

0.91

CMF

N/A

5Y Dividends CAGR

QLTY

N/A

CMF

11.08%

5Y EPS CAGR

QLTY

20.02%

CMF

N/A

Debt to Equity

QLTY

48.91%

CMF

N/A

P/S Ratio

QLTY

2.98

CMF

N/A

P/B Ratio

QLTY

5.53

CMF

N/A

QLTY vs CMF - Historical Returns

Returns include dividend reinvestment.

Period	QLTY	CMF
1 month	+4.04%	-0.14%
3 months	+4.59%	-0.98%
6 months	+6.99%	+0.75%
1 year	+24.72%	+5.76%
5 years(CAGR)	N/A	+0.64%
10 years(CAGR)	N/A	+1.69%
Max(CAGR)	+21.45%	+3.27%

Winner

QLTY

+4.04%

CMF

-0.14%

Winner

QLTY

+4.59%

CMF

-0.98%

Winner

QLTY

+6.99%

CMF

+0.75%

Winner

QLTY

+24.72%

CMF

+5.76%

5Y(CAGR)

QLTY

N/A

CMF

+0.64%

10Y(CAGR)

QLTY

N/A

CMF

+1.69%

Max(CAGR)

Winner

QLTY

+21.45%

CMF

+3.27%

QLTY vs CMF - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	QLTY	CMF
2026	+4.11%	+0.31%
2025	+21.37%	+3.22%
2024	+21.61%	+1.78%
2023	+5.68%	+5.24%
2022	N/A	-8.18%
2021	N/A	+0.77%
2020	N/A	+4.50%
2019	N/A	+7.01%
2018	N/A	+0.92%
2017	N/A	+4.69%
2016	N/A	-0.37%
2015	N/A	+3.00%
2014	N/A	+10.66%
2013	N/A	-3.23%
2012	N/A	+7.34%
2011	N/A	+15.75%
2010	N/A	-2.55%
2009	N/A	+8.14%
2008	N/A	+0.64%
2007	N/A	+1.37%

QLTY vs CMF Drawdown Comparison

The maximum drawdown for QLTY was -17.00%, occurring on Apr 8, 2025. Recovery took 89 trading sessions.

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

The current QLTY drawdown is -0.74%. The current CMF drawdown is -1.49%.

Rank	QLTY	CMF
#1	-17.00% Feb 19, 2025 - Jun 27, 2025	-16.45% Dec 26, 2014 - Feb 20, 2020
#2	-11.71% Jan 12, 2026 - May 5, 2026	-14.57% Mar 9, 2020 - Jul 16, 2020
#3	-7.03% Jul 16, 2024 - Aug 30, 2024	-13.25% May 21, 2008 - Jan 7, 2009
#4	-4.36% Oct 14, 2024 - Dec 2, 2024	-12.46% Aug 3, 2021 - Sep 18, 2025
#5	-4.35% Oct 27, 2025 - Nov 25, 2025	-11.65% Sep 1, 2010 - Aug 2, 2011
#6	-4.24% Mar 27, 2024 - May 10, 2024	-10.57% Nov 30, 2012 - Apr 10, 2014
#7	-4.17% Dec 4, 2024 - Jan 23, 2025	-5.15% Jan 22, 2008 - May 21, 2008
#8	-3.31% Aug 30, 2024 - Sep 13, 2024	-4.75% Apr 27, 2009 - Aug 17, 2009
#9	-3.29% May 22, 2024 - Jun 11, 2024	-4.19% Sep 24, 2009 - Apr 27, 2010
#10	-3.05% Oct 6, 2025 - Oct 20, 2025	-3.80% Apr 18, 2012 - Sep 28, 2012
#11	-2.97% Jul 25, 2025 - Aug 13, 2025	-3.05% Jan 14, 2009 - Feb 9, 2009
#12	-2.49% Dec 11, 2025 - Dec 24, 2025	-2.91% Feb 27, 2026 - Mar 24, 2026
#13	-1.94% Sep 22, 2025 - Oct 1, 2025	-2.89% Sep 22, 2011 - Dec 8, 2011
#14	-1.84% Sep 30, 2024 - Oct 11, 2024	-2.72% Feb 11, 2009 - Mar 24, 2009
#15	-1.58% Jan 29, 2024 - Feb 2, 2024	-2.18% Feb 12, 2021 - Jun 11, 2021

Correlation

Correlation between QLTY and CMF is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (2007 - 2026)

QLTY vs CMF dividend yield comparison.

Year	QLTY	CMF
2026	0.15%	0.98%
2025	0.73%	2.94%
2024	0.79%	2.78%
2023	0.15%	2.29%
2022	0.00%	1.91%
2021	0.00%	1.58%
2020	0.00%	1.80%
2019	0.00%	2.03%
2018	0.00%	2.17%
2017	0.00%	2.09%
2016	0.00%	2.21%
2015	0.00%	2.55%
2014	0.00%	2.80%
2013	0.00%	3.12%
2012	0.00%	3.08%
2011	0.00%	3.66%
2010	0.00%	4.19%
2009	0.00%	3.77%
2008	0.00%	3.52%
2007	0.00%	0.82%