PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
MEAR vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


MEARFXAIX
YTD Return3.25%26.96%
1Y Return4.09%35.01%
3Y Return (Ann)2.42%10.23%
5Y Return (Ann)1.73%15.78%
Sharpe Ratio4.453.06
Sortino Ratio7.364.07
Omega Ratio2.051.58
Calmar Ratio17.424.45
Martin Ratio72.0220.17
Ulcer Index0.06%1.86%
Daily Std Dev0.94%12.27%
Max Drawdown-2.68%-33.79%
Current Drawdown-0.02%-0.25%

Correlation

-0.50.00.51.00.0

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

In the year-to-date period, MEAR achieves a 3.25% return, which is significantly lower than FXAIX's 26.96% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
1.86%
13.49%
MEAR
FXAIX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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%.


MEAR
iShares Short Maturity Municipal Bond ETF
Expense ratio chart for MEAR: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

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.


MEAR
Sharpe ratio
The chart of Sharpe ratio for MEAR, currently valued at 4.45, compared to the broader market-2.000.002.004.004.45
Sortino ratio
The chart of Sortino ratio for MEAR, currently valued at 7.36, compared to the broader market-2.000.002.004.006.008.0010.0012.007.36
Omega ratio
The chart of Omega ratio for MEAR, currently valued at 2.05, compared to the broader market1.001.502.002.503.002.05
Calmar ratio
The chart of Calmar ratio for MEAR, currently valued at 17.42, compared to the broader market0.005.0010.0015.0017.42
Martin ratio
The chart of Martin ratio for MEAR, currently valued at 72.02, compared to the broader market0.0020.0040.0060.0080.00100.00120.0072.02
FXAIX
Sharpe ratio
The chart of Sharpe ratio for FXAIX, currently valued at 3.06, compared to the broader market-2.000.002.004.003.06
Sortino ratio
The chart of Sortino ratio for FXAIX, currently valued at 4.07, compared to the broader market-2.000.002.004.006.008.0010.0012.004.07
Omega ratio
The chart of Omega ratio for FXAIX, currently valued at 1.58, compared to the broader market1.001.502.002.503.001.58
Calmar ratio
The chart of Calmar ratio for FXAIX, currently valued at 4.45, compared to the broader market0.005.0010.0015.004.45
Martin ratio
The chart of Martin ratio for FXAIX, currently valued at 20.17, compared to the broader market0.0020.0040.0060.0080.00100.00120.0020.17

MEAR vs. FXAIX - Sharpe Ratio Comparison

The current MEAR Sharpe Ratio is 4.45, which is higher than the FXAIX Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of MEAR and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
4.45
3.06
MEAR
FXAIX

Dividends

MEAR vs. FXAIX - Dividend Comparison

MEAR's dividend yield for the trailing twelve months is around 3.46%, more than FXAIX's 1.21% yield.


TTM20232022202120202019201820172016201520142013
MEAR
iShares Short Maturity Municipal Bond ETF
3.46%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
1.21%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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.02%
-0.25%
MEAR
FXAIX

Volatility

MEAR vs. FXAIX - Volatility Comparison

The current volatility for iShares Short Maturity Municipal Bond ETF (MEAR) is 0.42%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.74%. 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.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
0.42%
3.74%
MEAR
FXAIX