HIDE vs. MEAR
HIDE (Alpha Architect High Inflation And Deflation ETF) and MEAR (iShares Short Maturity Municipal Bond ETF) are both exchange-traded funds - HIDE is a Diversified Portfolio fund actively managed by Alpha Architect, while MEAR is a Municipal Bonds fund actively managed by iShares. Both are actively managed. Over the past 3 years, HIDE returned 4.42%/yr vs 3.58%/yr for MEAR. At a 0.09 correlation, their price movements are largely independent. HIDE charges 0.29%/yr vs 0.25%/yr for MEAR.
Performance
HIDE vs. MEAR - Performance Comparison
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Returns By Period
In the year-to-date period, HIDE achieves a 6.79% return, which is significantly higher than MEAR's 1.06% return.
HIDE
- 1D
- -0.11%
- 1M
- -1.06%
- YTD
- 6.79%
- 6M
- 6.65%
- 1Y
- 10.85%
- 3Y*
- 4.42%
- 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%
HIDE vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HIDE Alpha Architect High Inflation And Deflation ETF | 6.79% | 5.32% | -0.85% | 2.46% | -0.03% |
MEAR iShares Short Maturity Municipal Bond ETF | 1.06% | 3.76% | 3.40% | 3.93% | 0.21% |
Correlation
The correlation between HIDE and MEAR is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2022 | 0.09 |
The correlation between HIDE and MEAR shifts across timeframes, from -0.11 (1 year) to 0.09 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HIDE vs. MEAR — Risk / Return Rank
HIDE
MEAR
HIDE vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect High Inflation And Deflation ETF (HIDE) 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.
| HIDE | MEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.91 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 7.07 | -2.35 |
| Martin ratioReturn relative to average drawdown | 19.36 | 28.99 | -9.63 |
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
| HIDE | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 3.86 | -1.40 |
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 | 0.91 | 1.11 | -0.21 |
Drawdowns
HIDE vs. MEAR - Drawdown Comparison
The maximum HIDE drawdown since its inception was -5.15%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for HIDE and MEAR.
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Drawdown Indicators
| HIDE | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.15% | -2.68% | -2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -0.47% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -0.86% | -4.29% |
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 | -1.73% | 0.00% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -0.94% | -0.19% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.11% | +0.45% |
Volatility
HIDE vs. MEAR - Volatility Comparison
Alpha Architect High Inflation And Deflation ETF (HIDE) has a higher volatility of 1.45% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.24%. This indicates that HIDE'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
| HIDE | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 0.24% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.92% | 0.61% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.43% | 0.86% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 0.98% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 1.52% | +2.73% |
HIDE vs. MEAR - Expense Ratio Comparison
HIDE has a 0.29% expense ratio, which is higher than MEAR's 0.25% expense ratio.
Dividends
HIDE vs. MEAR - Dividend Comparison
HIDE's dividend yield for the trailing twelve months is around 2.96%, more than MEAR's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIDE Alpha Architect High Inflation And Deflation ETF | 2.96% | 3.16% | 2.86% | 3.90% | 6.25% | 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
HIDE and MEAR have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIDE has higher volatility (1.45%) compared to MEAR (0.24%). In terms of maximum drawdown, HIDE dropped -5.15% vs MEAR's -2.68%.
On 3-year performance, HIDE leads with 4.42% vs 3.58% 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 3-year period, HIDE has performed better with a 4.42% return vs 3.58%. 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 0.29% for HIDE.
HIDE has the higher dividend yield at 2.96%, compared with 2.84% for MEAR.
HIDE is categorized as Diversified Portfolio, while MEAR is Municipal Bonds. They also come from different issuers: Alpha Architect and iShares. Their fees differ too: 0.29% for HIDE and 0.25% for MEAR.
MEAR currently has the higher Sharpe Ratio (3.86 vs 2.46), 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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