CA vs. MEAR
Compare and contrast key facts about Xtrackers California Municipal Bond ETF (CA) and iShares Short Maturity Municipal Bond ETF (MEAR).
CA and MEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CA is a passively managed fund by Xtrackers that tracks the performance of the ICE AMT-Free Broad Liquid California Municipal Index - Benchmark TR Gross. It was launched on Dec 13, 2023. MEAR is an actively managed fund by iShares. It was launched on Mar 3, 2015.
Performance
CA vs. MEAR - Performance Comparison
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CA vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CA Xtrackers California Municipal Bond ETF | -0.08% | 3.05% | 1.51% | 0.79% |
MEAR iShares Short Maturity Municipal Bond ETF | 0.58% | 3.76% | 3.40% | 0.06% |
Returns By Period
In the year-to-date period, CA achieves a -0.08% return, which is significantly lower than MEAR's 0.58% return.
CA
- 1D
- 0.38%
- 1M
- -2.00%
- YTD
- -0.08%
- 6M
- 1.22%
- 1Y
- 3.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEAR
- 1D
- 0.11%
- 1M
- -0.23%
- YTD
- 0.58%
- 6M
- 1.27%
- 1Y
- 3.25%
- 3Y*
- 3.54%
- 5Y*
- 2.32%
- 10Y*
- 1.75%
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CA vs. MEAR - Expense Ratio Comparison
CA has a 0.07% expense ratio, which is lower than MEAR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
CA vs. MEAR — Risk / Return Rank
CA
MEAR
CA vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers California Municipal Bond ETF (CA) and iShares Short Maturity Municipal Bond ETF (MEAR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CA | MEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 2.81 | -1.92 |
Sortino ratioReturn per unit of downside risk | 1.17 | 3.78 | -2.62 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.73 | -0.52 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 3.77 | -2.60 |
Martin ratioReturn relative to average drawdown | 3.35 | 21.16 | -17.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CA | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 2.81 | -1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.38 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 1.09 | -0.53 |
Correlation
The correlation between CA and MEAR is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CA vs. MEAR - Dividend Comparison
CA's dividend yield for the trailing twelve months is around 3.20%, more than MEAR's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CA Xtrackers California Municipal Bond ETF | 2.93% | 3.14% | 3.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MEAR iShares Short Maturity Municipal Bond ETF | 2.87% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
Drawdowns
CA vs. MEAR - Drawdown Comparison
The maximum CA drawdown since its inception was -5.24%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for CA and MEAR.
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Drawdown Indicators
| CA | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -2.68% | -2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -0.86% | -2.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.68% | — |
Current DrawdownCurrent decline from peak | -2.00% | -0.24% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -0.19% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 0.15% | +1.13% |
Volatility
CA vs. MEAR - Volatility Comparison
Xtrackers California Municipal Bond ETF (CA) has a higher volatility of 1.31% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.37%. This indicates that CA's price experiences larger fluctuations and is considered to be riskier than MEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CA | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 0.37% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 0.60% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 1.16% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.09% | 0.98% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 1.52% | +2.57% |