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iShares Short Maturity Municipal Bond ETF (MEAR)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

iShares Short Maturity Municipal Bond ETF (MEAR)

ETF · Currency in USD · Last updated May 30, 2025

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.

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.

iShares Short Maturity Municipal Bond ETF

Popular comparisons:
MEAR vs. JMST MEAR vs. DFIHX MEAR vs. BAB MEAR vs. FOHFX MEAR vs. USFR MEAR vs. MUB MEAR vs. FXAIX MEAR vs. SUB MEAR vs. JPST MEAR vs. VTMFX
Popular comparisons:
MEAR vs. JMST MEAR vs. DFIHX MEAR vs. BAB MEAR vs. FOHFX MEAR vs. USFR MEAR vs. MUB MEAR vs. FXAIX MEAR vs. SUB MEAR vs. JPST MEAR vs. VTMFX

Performance

Performance Chart

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S&P 500

Returns By Period

iShares Short Maturity Municipal Bond ETF (MEAR) returned 1.45% year-to-date (YTD) and 3.42% over the past 12 months. Over the past 10 years, MEAR returned 1.56% annually, underperforming the S&P 500 benchmark at 10.84%.

MEAR

YTD

1.45%

1M

0.45%

6M

1.41%

1Y

3.42%

3Y*

3.17%

5Y*

1.93%

10Y*

1.56%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.52%0.55%0.02%-0.03%0.39%1.45%
20240.38%0.15%0.30%0.15%0.42%0.42%0.39%0.52%0.26%-0.04%0.53%-0.12%3.40%
20230.44%-0.08%0.68%0.01%0.23%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%0.02%-0.03%0.07%0.01%-0.06%-0.10%0.05%0.01%0.05%
20200.30%0.20%-0.95%0.40%0.49%0.26%0.23%0.02%0.00%0.06%0.02%0.16%1.18%
20190.11%0.10%0.26%0.04%0.43%0.16%0.28%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%
20170.10%0.62%0.02%0.03%0.07%0.04%0.17%0.26%0.10%-0.07%-0.25%0.05%1.12%
20160.10%0.34%-0.13%0.00%0.23%0.17%0.11%-0.05%-0.13%0.09%-0.47%0.06%0.31%
20150.02%-0.14%0.06%-0.25%0.20%0.48%0.08%-0.02%-0.13%0.24%0.54%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 97, MEAR is among the top 3% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of MEAR is 9797
Overall Rank
The Sharpe Ratio Rank of MEAR is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of MEAR is 9797
Sortino Ratio Rank
The Omega Ratio Rank of MEAR is 9898
Omega Ratio Rank
The Calmar Ratio Rank of MEAR is 9797
Calmar Ratio Rank
The Martin Ratio Rank of MEAR is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

iShares Short Maturity Municipal Bond ETF Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 2.83
  • 5-Year: 1.86
  • 10-Year: 1.01
  • All Time: 1.00

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of iShares Short Maturity Municipal Bond ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

iShares Short Maturity Municipal Bond ETF provided a 3.24% dividend yield over the last twelve months, with an annual payout of $1.63 per share. The fund has been increasing its distributions for 3 consecutive years.

0.00%1.00%2.00%3.00%4.00%$0.00$0.50$1.00$1.502015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018201720162015
Dividend$1.63$1.72$1.65$0.44$0.15$0.45$0.79$0.68$0.50$0.40$0.27

Dividend yield

3.24%3.44%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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.13$0.13$0.12$0.13$0.50
2024$0.00$0.15$0.14$0.15$0.16$0.15$0.14$0.14$0.14$0.14$0.14$0.27$1.72
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$0.02$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$0.06$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$0.04$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.

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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.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-2.68%Mar 9, 202011Mar 23, 202069Jun 30, 202080
-1.12%Jul 23, 2021197May 3, 2022169Jan 4, 2023366
-0.87%Aug 25, 201658Nov 15, 201657Feb 8, 2017115
-0.86%Apr 4, 20252Apr 7, 202527May 15, 202529
-0.78%Sep 15, 201549Dec 18, 201523Feb 17, 201672
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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