GMUN vs. MEAR
GMUN (Goldman Sachs Community Municipal Bond ETF) and MEAR (iShares Short Maturity Municipal Bond ETF) are both Municipal Bonds funds. GMUN is passively managed, while MEAR is actively managed. At a 0.31 correlation, their price movements are largely independent. GMUN charges 0.15%/yr vs 0.25%/yr for MEAR.
Performance
GMUN vs. MEAR - Performance Comparison
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Returns By Period
GMUN
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEAR
- 1D
- 0.00%
- 1M
- 0.26%
- 6M
- 1.18%
- YTD
- 1.28%
- 1Y
- 2.84%
- 3Y*
- 3.46%
- 5Y*
- 2.47%
- 10Y*
- 1.78%
GMUN vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GMUN Goldman Sachs Community Municipal Bond ETF | -0.34% | 5.92% | 0.31% | 3.69% |
MEAR iShares Short Maturity Municipal Bond ETF | 1.28% | 3.76% | 3.40% | 3.27% |
Correlation
The correlation between GMUN and MEAR is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.31 |
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Return for Risk
GMUN vs. MEAR — Risk / Return Rank
GMUN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MEAR
GMUN vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Community Municipal Bond ETF (GMUN) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GMUN | MEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.76 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.11 | — |
| Martin ratioReturn relative to average drawdown | — | 24.99 | — |
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Drawdowns
GMUN vs. MEAR - Drawdown Comparison
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Drawdown Indicators
| GMUN | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -2.68% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.47% | — |
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 | — | -0.00% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.19% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.11% | — |
Volatility
GMUN vs. MEAR - Volatility Comparison
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Volatility by Period
| GMUN | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 0.86% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 0.98% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 1.51% | — |
GMUN vs. MEAR - Expense Ratio Comparison
GMUN has a 0.15% 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%.
Dividends
GMUN vs. MEAR - Dividend Comparison
GMUN has not paid dividends to shareholders, while MEAR's dividend yield for the trailing twelve months is around 2.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMUN Goldman Sachs Community Municipal Bond ETF | 2.87% | 2.94% | 3.22% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MEAR iShares Short Maturity Municipal Bond ETF | 2.83% | 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
GMUN and MEAR have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GMUN is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GMUN is cheaper with a 0.15% expense ratio, compared with 0.25% for MEAR.
GMUN has the higher dividend yield at 2.87%, compared with 2.83% for MEAR.
They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.15% for GMUN and 0.25% for MEAR.
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