ITM vs. MEAR
Compare and contrast key facts about VanEck Intermediate Muni ETF (ITM) and iShares Short Maturity Municipal Bond ETF (MEAR).
ITM and MEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITM is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Intermediate Continuous. It was launched on Dec 4, 2007. MEAR is an actively managed fund by iShares. It was launched on Mar 3, 2015.
Performance
ITM vs. MEAR - Performance Comparison
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ITM vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITM VanEck Intermediate Muni ETF | -1.09% | 5.34% | 0.73% | 5.69% | -9.33% | 0.21% | 5.87% | 8.46% | 0.96% | 6.13% |
MEAR iShares Short Maturity Municipal Bond ETF | 0.47% | 3.76% | 3.40% | 3.93% | 0.10% | 0.05% | 1.18% | 1.91% | 1.63% | 1.12% |
Returns By Period
In the year-to-date period, ITM achieves a -1.09% return, which is significantly lower than MEAR's 0.47% return. Over the past 10 years, ITM has outperformed MEAR with an annualized return of 1.92%, while MEAR has yielded a comparatively lower 1.74% annualized return.
ITM
- 1D
- 0.28%
- 1M
- -2.99%
- YTD
- -1.09%
- 6M
- 1.07%
- 1Y
- 5.07%
- 3Y*
- 2.74%
- 5Y*
- 0.39%
- 10Y*
- 1.92%
MEAR
- 1D
- 0.12%
- 1M
- -0.31%
- YTD
- 0.47%
- 6M
- 1.07%
- 1Y
- 3.12%
- 3Y*
- 3.50%
- 5Y*
- 2.30%
- 10Y*
- 1.74%
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ITM vs. MEAR - Expense Ratio Comparison
ITM has a 0.24% 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
ITM vs. MEAR — Risk / Return Rank
ITM
MEAR
ITM vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Intermediate Muni ETF (ITM) 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.
| ITM | MEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 2.71 | -1.50 |
Sortino ratioReturn per unit of downside risk | 1.51 | 3.63 | -2.13 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.70 | -0.42 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 3.69 | -2.13 |
Martin ratioReturn relative to average drawdown | 5.33 | 20.82 | -15.50 |
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
| ITM | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.71 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 2.37 | -2.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 1.15 | -0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.09 | -0.66 |
Correlation
The correlation between ITM and MEAR is 0.20, 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
ITM vs. MEAR - Dividend Comparison
ITM's dividend yield for the trailing twelve months is around 2.93%, more than MEAR's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITM VanEck Intermediate Muni ETF | 2.93% | 2.86% | 2.73% | 2.40% | 1.92% | 1.70% | 2.13% | 2.44% | 2.33% | 2.21% | 2.29% | 2.28% |
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
ITM vs. MEAR - Drawdown Comparison
The maximum ITM drawdown since its inception was -24.75%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for ITM and MEAR.
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Drawdown Indicators
| ITM | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -2.68% | -22.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -0.86% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -15.11% | -1.12% | -13.99% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | -2.68% | -22.07% |
Current DrawdownCurrent decline from peak | -2.99% | -0.35% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -0.19% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.15% | +0.85% |
Volatility
ITM vs. MEAR - Volatility Comparison
VanEck Intermediate Muni ETF (ITM) has a higher volatility of 1.35% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.36%. This indicates that ITM'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
| ITM | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.36% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 0.60% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 1.16% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.28% | 0.98% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 1.52% | +5.58% |