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 |
| Index Tracked | No Index (Active) |
| Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
MEAR has a high expense ratio of 0.25%, indicating higher-than-average management fees.
Share Price Chart
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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 1.12% year-to-date (YTD) and 3.91% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.12% | 5.21% |
| 1 month | 0.28% | -4.30% |
| 6 months | 2.29% | 18.42% |
| 1 year | 3.91% | 21.82% |
| 5 years (annualized) | 1.53% | 11.27% |
| 10 years (annualized) | N/A | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.38% | 0.15% | 0.30% | 0.47% | ||||||||
| 2023 | 0.30% | 0.77% | 0.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MEAR is 99, placing it in the top 1% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
iShares Short Maturity Municipal Bond ETF(MEAR)
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 granted a 3.44% dividend yield in the last twelve months. The annual payout for that period amounted to $1.72 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.72 | $1.65 | $0.44 | $0.15 | $0.45 | $0.79 | $0.68 | $0.50 | $0.40 | $0.27 |
Dividend yield | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.15 | $0.14 | $0.15 | ||||||||
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2015 | $0.01 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 0.22%.
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 0.54%, 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.