GCC vs. MEAR
GCC (WisdomTree Enhanced Commodity Strategy Fund) and MEAR (iShares Short Maturity Municipal Bond ETF) are both exchange-traded funds - GCC is a Commodities fund actively managed by WisdomTree, while MEAR is a Municipal Bonds fund actively managed by iShares. Both are actively managed. Over the past 10 years, GCC returned 6.84%/yr vs 1.78%/yr for MEAR. At a correlation of -0.01, they often move in opposite directions. GCC charges 0.55%/yr vs 0.25%/yr for MEAR.
Performance
GCC vs. MEAR - Performance Comparison
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Returns By Period
In the year-to-date period, GCC achieves a 18.63% return, which is significantly higher than MEAR's 1.06% return. Over the past 10 years, GCC has outperformed MEAR with an annualized return of 6.84%, while MEAR has yielded a comparatively lower 1.78% annualized return.
GCC
- 1D
- -0.48%
- 1M
- -1.53%
- YTD
- 18.63%
- 6M
- 21.66%
- 1Y
- 37.16%
- 3Y*
- 19.03%
- 5Y*
- 11.48%
- 10Y*
- 6.84%
MEAR
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.06%
- 6M
- 1.30%
- 1Y
- 3.29%
- 3Y*
- 3.58%
- 5Y*
- 2.43%
- 10Y*
- 1.78%
GCC vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCC WisdomTree Enhanced Commodity Strategy Fund | 18.63% | 20.01% | 15.13% | -3.72% | 7.74% | 19.96% | 1.38% | 7.07% | -8.69% | -0.57% |
MEAR iShares Short Maturity Municipal Bond ETF | 1.06% | 3.76% | 3.40% | 3.93% | 0.10% | 0.05% | 1.18% | 1.91% | 1.63% | 1.12% |
Correlation
The correlation between GCC and MEAR is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2015 | -0.01 |
The correlation between GCC and MEAR shifts across timeframes, from -0.16 (1 year) to 0.02 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GCC vs. MEAR — Risk / Return Rank
GCC
MEAR
GCC vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity Strategy Fund (GCC) 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.
| GCC | MEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.91 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 7.07 | -3.43 |
| Martin ratioReturn relative to average drawdown | 13.42 | 28.99 | -15.57 |
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
| GCC | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 3.86 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 2.48 | -1.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 1.18 | -0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 1.11 | -1.03 |
Drawdowns
GCC vs. MEAR - Drawdown Comparison
The maximum GCC drawdown since its inception was -63.19%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for GCC and MEAR.
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Drawdown Indicators
| GCC | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.19% | -2.68% | -60.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -0.47% | -9.78% |
Max Drawdown (3Y)Largest decline over 3 years | -11.22% | -0.86% | -10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | -1.12% | -25.95% |
Max Drawdown (10Y)Largest decline over 10 years | -32.93% | -2.68% | -30.25% |
Current DrawdownCurrent decline from peak | -5.29% | 0.00% | -5.29% |
Average DrawdownAverage peak-to-trough decline | -34.91% | -0.19% | -34.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 0.11% | +2.67% |
Volatility
GCC vs. MEAR - Volatility Comparison
WisdomTree Enhanced Commodity Strategy Fund (GCC) has a higher volatility of 4.53% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.24%. This indicates that GCC'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
| GCC | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 0.24% | +4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.76% | 0.61% | +14.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.63% | 0.86% | +15.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 0.98% | +15.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 1.52% | +13.25% |
GCC vs. MEAR - Expense Ratio Comparison
GCC has a 0.55% expense ratio, which is higher than MEAR's 0.25% expense ratio.
Dividends
GCC vs. MEAR - Dividend Comparison
GCC's dividend yield for the trailing twelve months is around 5.60%, more than MEAR's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCC WisdomTree Enhanced Commodity Strategy Fund | 5.60% | 6.64% | 3.51% | 3.68% | 22.49% | 9.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MEAR iShares Short Maturity Municipal Bond ETF | 2.84% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
Frequently Asked Questions
GCC and MEAR have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GCC has higher volatility (4.53%) compared to MEAR (0.24%). In terms of maximum drawdown, GCC dropped -63.19% vs MEAR's -2.68%.
On 10-year performance, GCC leads with 6.84% vs 1.78% for MEAR. On fees, MEAR is cheaper at 0.25% per year. On volatility, MEAR has been the lower-risk option at 0.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GCC has performed better with a 6.84% return vs 1.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MEAR is cheaper with a 0.25% expense ratio, compared with 0.55% for GCC.
GCC has the higher dividend yield at 5.60%, compared with 2.84% for MEAR.
GCC is categorized as Commodities, while MEAR is Municipal Bonds. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.55% for GCC and 0.25% for MEAR.
MEAR currently has the higher Sharpe Ratio (3.86 vs 2.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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