GENM vs. MEAR
GENM (Genter Capital Municipal Quality Intermediate ETF) and MEAR (iShares Short Maturity Municipal Bond ETF) are both Municipal Bonds funds. Both are actively managed. Over the past year, GENM returned 5.22% vs 3.29% for MEAR. At a 0.26 correlation, their price movements are largely independent. GENM charges 0.39%/yr vs 0.25%/yr for MEAR.
Performance
GENM vs. MEAR - Performance Comparison
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Returns By Period
In the year-to-date period, GENM achieves a 1.68% return, which is significantly higher than MEAR's 1.06% return.
GENM
- 1D
- 0.10%
- 1M
- 0.64%
- YTD
- 1.68%
- 6M
- 1.86%
- 1Y
- 5.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
GENM vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GENM Genter Capital Municipal Quality Intermediate ETF | 1.68% | 5.10% | 2.29% |
MEAR iShares Short Maturity Municipal Bond ETF | 1.06% | 3.76% | 2.00% |
Correlation
The correlation between GENM and MEAR is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 23, 2024 | 0.26 |
Over the past year, the correlation between GENM and MEAR has dropped to 0.04 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
GENM vs. MEAR — Risk / Return Rank
GENM
MEAR
GENM vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Genter Capital Municipal Quality Intermediate ETF (GENM) 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.
| GENM | MEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.91 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 7.07 | -4.63 |
| Martin ratioReturn relative to average drawdown | 7.90 | 28.99 | -21.09 |
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
| GENM | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 3.86 | -2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 1.11 | +0.32 |
Drawdowns
GENM vs. MEAR - Drawdown Comparison
The maximum GENM drawdown since its inception was -2.41%, smaller than the maximum MEAR drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for GENM and MEAR.
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Drawdown Indicators
| GENM | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.41% | -2.68% | +0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.15% | -0.47% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.86% | — |
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 | -0.38% | 0.00% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -0.19% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.11% | +0.55% |
Volatility
GENM vs. MEAR - Volatility Comparison
Genter Capital Municipal Quality Intermediate ETF (GENM) has a higher volatility of 0.61% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.24%. This indicates that GENM'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
| GENM | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.24% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 0.61% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.88% | 0.86% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.16% | 0.98% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.16% | 1.52% | +1.64% |
GENM vs. MEAR - Expense Ratio Comparison
GENM has a 0.39% expense ratio, which is higher than MEAR's 0.25% expense ratio.
Dividends
GENM vs. MEAR - Dividend Comparison
GENM's dividend yield for the trailing twelve months is around 2.92%, more than MEAR's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GENM Genter Capital Municipal Quality Intermediate ETF | 2.92% | 2.88% | 2.19% | 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 | 2.84% | 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
GENM and MEAR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GENM has higher volatility (0.61%) compared to MEAR (0.24%). In terms of maximum drawdown, GENM dropped -2.41% vs MEAR's -2.68%.
On 1-year performance, GENM leads with 5.22% vs 3.29% 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 1-year period, GENM has performed better with a 5.22% return vs 3.29%. 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 0.39% for GENM.
GENM has the higher dividend yield at 2.92%, compared with 2.84% for MEAR.
They also come from different issuers: Genter Capital and iShares. Their fees differ too: 0.39% for GENM and 0.25% for MEAR.
MEAR currently has the higher Sharpe Ratio (3.86 vs 1.82), 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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