MEAR vs. FXAIX
Compare and contrast key facts about iShares Short Maturity Municipal Bond ETF (MEAR) and Fidelity 500 Index Fund (FXAIX).
MEAR is an actively managed fund by iShares. It was launched on Mar 3, 2015. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEAR or FXAIX.
Correlation
The correlation between MEAR and FXAIX is 0.03, 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.
Performance
MEAR vs. FXAIX - Performance Comparison
Key characteristics
MEAR:
3.71
FXAIX:
1.97
MEAR:
5.91
FXAIX:
2.63
MEAR:
1.81
FXAIX:
1.37
MEAR:
14.34
FXAIX:
2.93
MEAR:
55.67
FXAIX:
12.99
MEAR:
0.06%
FXAIX:
1.90%
MEAR:
0.93%
FXAIX:
12.58%
MEAR:
-2.68%
FXAIX:
-33.79%
MEAR:
-0.23%
FXAIX:
-3.62%
Returns By Period
In the year-to-date period, MEAR achieves a 3.38% return, which is significantly lower than FXAIX's 24.65% return.
MEAR
3.38%
-0.03%
1.58%
3.40%
1.71%
N/A
FXAIX
24.65%
-0.72%
7.90%
26.58%
14.57%
12.79%
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MEAR vs. FXAIX - Expense Ratio Comparison
MEAR has a 0.25% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
MEAR vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Maturity Municipal Bond ETF (MEAR) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
MEAR vs. FXAIX - Dividend Comparison
MEAR's dividend yield for the trailing twelve months is around 3.43%, more than FXAIX's 0.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEAR iShares Short Maturity Municipal Bond ETF | 3.43% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 0.89% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
MEAR vs. FXAIX - Drawdown Comparison
The maximum MEAR drawdown since its inception was -2.68%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for MEAR and FXAIX. For additional features, visit the drawdowns tool.
Volatility
MEAR vs. FXAIX - Volatility Comparison
The current volatility for iShares Short Maturity Municipal Bond ETF (MEAR) is 0.27%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.62%. This indicates that MEAR experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.