iShares Short Maturity Municipal Bond ETF (MEAR)
MEAR is an actively managed ETF by iShares. MEAR launched on Mar 3, 2015 and has a 0.25% expense ratio.
ETF Info
| ISIN | US46431W8385 |
|---|---|
| CUSIP | 46431W838 |
| Issuer | iShares |
| Inception Date | Mar 3, 2015 |
| Region | North America (U.S.) |
| Category | Municipal Bonds, Actively Managed |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
MEAR has an expense ratio of 0.25%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: MEAR vs. JMST, MEAR vs. DFIHX, MEAR vs. BAB, MEAR vs. USFR, MEAR vs. MUB, MEAR vs. VTMFX, MEAR vs. JPST, MEAR vs. SUB, MEAR vs. FOHFX, MEAR vs. FXAIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares Short Maturity Municipal Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
iShares Short Maturity Municipal Bond ETF had a return of 3.25% year-to-date (YTD) and 4.09% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.25% | 25.48% |
| 1 month | 0.16% | 2.14% |
| 6 months | 1.86% | 12.76% |
| 1 year | 4.09% | 33.14% |
| 5 years (annualized) | 1.73% | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of MEAR, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.38% | 0.15% | 0.30% | 0.15% | 0.42% | 0.42% | 0.39% | 0.52% | 0.26% | -0.04% | 3.25% | ||
| 2023 | 0.44% | -0.08% | 0.68% | 0.01% | 0.24% | 0.39% | 0.30% | 0.39% | -0.03% | 0.30% | 0.77% | 0.48% | 3.93% |
| 2022 | -0.34% | -0.03% | -0.31% | -0.22% | 0.28% | -0.03% | 0.31% | -0.17% | -0.08% | 0.10% | 0.43% | 0.15% | 0.10% |
| 2021 | -0.03% | -0.03% | 0.16% | -0.01% | 0.01% | -0.03% | 0.07% | 0.01% | -0.06% | -0.10% | 0.05% | 0.01% | 0.05% |
| 2020 | 0.30% | 0.20% | -0.95% | 0.40% | 0.49% | 0.26% | 0.23% | 0.02% | 0.00% | 0.06% | 0.02% | 0.16% | 1.18% |
| 2019 | 0.11% | 0.10% | 0.26% | 0.04% | 0.43% | 0.16% | 0.29% | 0.19% | -0.09% | 0.16% | 0.12% | 0.12% | 1.91% |
| 2018 | -0.07% | 0.02% | 0.03% | 0.29% | 0.16% | 0.42% | 0.15% | -0.12% | 0.28% | 0.03% | 0.11% | 0.32% | 1.63% |
| 2017 | 0.10% | 0.62% | 0.02% | 0.03% | 0.07% | 0.04% | 0.17% | 0.26% | 0.10% | -0.07% | -0.25% | 0.05% | 1.12% |
| 2016 | 0.10% | 0.34% | -0.13% | 0.00% | 0.23% | 0.17% | 0.11% | -0.05% | -0.13% | 0.09% | -0.47% | 0.06% | 0.31% |
| 2015 | 0.02% | -0.14% | 0.06% | -0.25% | 0.20% | 0.48% | 0.08% | -0.02% | -0.13% | 0.24% | 0.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MEAR is 98, placing it in the top 2% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares Short Maturity Municipal Bond ETF (MEAR) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares Short Maturity Municipal Bond ETF provided a 3.46% dividend yield over the last twelve months, with an annual payout of $1.74 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.74 | $1.65 | $0.44 | $0.15 | $0.45 | $0.79 | $0.68 | $0.50 | $0.40 | $0.27 |
Dividend yield | 3.46% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Short Maturity Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.15 | $0.14 | $0.15 | $0.16 | $0.15 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $1.45 | |
| 2023 | $0.00 | $0.16 | $0.12 | $0.14 | $0.12 | $0.13 | $0.14 | $0.13 | $0.13 | $0.15 | $0.15 | $0.29 | $1.65 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.03 | $0.02 | $0.06 | $0.05 | $0.08 | $0.14 | $0.44 |
| 2021 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.15 |
| 2020 | $0.00 | $0.05 | $0.05 | $0.07 | $0.07 | $0.06 | $0.04 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.45 |
| 2019 | $0.00 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.12 | $0.79 |
| 2018 | $0.00 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.07 | $0.12 | $0.68 |
| 2017 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.09 | $0.50 |
| 2016 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.07 | $0.40 |
| 2015 | $0.01 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.27 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Short Maturity Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Short Maturity Municipal Bond ETF was 2.68%, occurring on Mar 23, 2020. Recovery took 69 trading sessions.
The current iShares Short Maturity Municipal Bond ETF drawdown is 0.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.68% | Mar 9, 2020 | 11 | Mar 23, 2020 | 69 | Jun 30, 2020 | 80 |
| -1.12% | Jul 23, 2021 | 197 | May 3, 2022 | 169 | Jan 4, 2023 | 366 |
| -0.88% | Aug 2, 2016 | 75 | Nov 15, 2016 | 57 | Feb 8, 2017 | 132 |
| -0.78% | Sep 15, 2015 | 68 | Dec 18, 2015 | 39 | Feb 17, 2016 | 107 |
| -0.56% | Mar 24, 2015 | 55 | Jun 10, 2015 | 41 | Aug 7, 2015 | 96 |
Volatility
Volatility Chart
The current iShares Short Maturity Municipal Bond ETF volatility is 0.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.