iShares Short-Term California Muni Active ETF

10-Year Study

CALI.US · · US · ETF

Executive Summary: iShares Short-Term California Muni Active ETF has compounded at 3.0% annually over the last 10 years, with a maximum drawdown of 0.7% and an annualized volatility of 3.8%.

1Y CAGR
+2.3%
3Y CAGR
+3.0%
5Y CAGR
+3.0%
10Y CAGR
+3.0%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
0.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-1.35
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-1.59
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
1.1%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +3.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · 0.1%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
100%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.40.2-0.70.2————————0.1%
20250.50.30.0-0.00.40.50.30.50.30.10.20.23.3%
20240.10.00.30.00.30.30.50.60.3-0.00.5-0.12.8%
2023———————0.3-0.40.11.30.62.0%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 3.8%. The dominant macroeconomic risk driver is SHV.US, accounting for 93.5% of variance. Idiosyncratic stock-specific factors contribute 1.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2023-07-0110000
2023-08-0110026.977238089712
2023-09-019991.294198066667
2023-10-0110004.578606942716
2023-11-0110131.747802591104
2023-12-0110195.912787210855
2024-01-0110202.597983263364
2024-02-0110204.210168806576
2024-03-0110235.37908930863
2024-04-0110237.700636490852
2024-05-0110271.277087404103
2024-06-0110303.929218605912
2024-07-0110360.119258738583
2024-08-0110418.501871210019
2024-09-0110447.134286457427
2024-10-0110442.362217249525
2024-11-0110494.145616897424
2024-12-0110485.375327542364
2025-01-0110538.684929504501
2025-02-0110570.928640368695
2025-03-0110571.143598441124
2025-04-0110568.822051258901
2025-05-0110612.694993841451
2025-06-0110662.56526664474
2025-07-0110689.886437650337
2025-08-0110740.186626598483
2025-09-0110775.547229512882
2025-10-0110789.605487449673
2025-11-0110806.694654207698
2025-12-0110829.00730212572
2026-01-0110869.784848465308
2026-02-0110889.990907273537
2026-03-0110817.550036865308
2026-04-0110840.249609313703
Annual Return Matrix
YearAnnual Return
20240.028390056522903384
20250.032772501112165786
20260.0010381659993687897
Total Factor Risk
0.03799309599135733
VTI.US Exposure
0.04547600228965802
VEA.US Exposure
-0.007776803845850134
VWO.US Exposure
0.008765370598555217
QQQ.US Exposure
-0.01330520289960244
VTV.US Exposure
0.011601404100496131
IJR.US Exposure
-0.007860657611883237
QUAL.US Exposure
-0.004914300405670547
SHV.US Exposure
0.9348917619279579
TLT.US Exposure
0.006151670852535468
LQD.US Exposure
0.0040211750608171596
HYG.US Exposure
0.0031536962333469187
GLD.US Exposure
-0.00106171829206066
USO.US Exposure
0.0022268325619529154
VNQ.US Exposure
0.01156975735445754
BTC-USD.CC Exposure
-0.0010781748285122773
CPER.US Exposure
-0.0007477320861481226
VIX.INDX Exposure
0.0005632653486244281
UUP.US Exposure
-0.0005275688424023421
TIP.US Exposure
-0.0012056012568362425
Idiosyncratic Exposure
0.010056823740564432
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
30.8
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
3.8%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →2.57%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$44
Avg Yield on Cost
0.44%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$44.070.44%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.2%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.4%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.6% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
-41.78
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares Short-Term California Muni Active ETF a high-risk investment?

iShares Short-Term California Muni Active ETF (CALI.US) has an annualized volatility of 3.8% and experienced a maximum drawdown of 0.7% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of CALI.US?

Over the past 10 years, CALI.US has generated a Compound Annual Growth Rate (CAGR) of 3.0%. It has had a positive return in 100% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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