MEAR vs. GUMI
MEAR (iShares Short Maturity Municipal Bond ETF) and GUMI (Goldman Sachs Ultra Short Municipal Income ETF) are both Municipal Bonds funds. Both are actively managed. Over the past year, MEAR returned 3.23% vs 3.17% for GUMI. At a 0.12 correlation, their price movements are largely independent. MEAR charges 0.25%/yr vs 0.16%/yr for GUMI.
Performance
MEAR vs. GUMI - Performance Comparison
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Returns By Period
In the year-to-date period, MEAR achieves a 1.02% return, which is significantly lower than GUMI's 1.12% return.
MEAR
- 1D
- -0.04%
- 1M
- 0.26%
- YTD
- 1.02%
- 6M
- 1.28%
- 1Y
- 3.23%
- 3Y*
- 3.55%
- 5Y*
- 2.42%
- 10Y*
- 1.78%
GUMI
- 1D
- 0.06%
- 1M
- 0.25%
- YTD
- 1.12%
- 6M
- 1.35%
- 1Y
- 3.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEAR vs. GUMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MEAR iShares Short Maturity Municipal Bond ETF | 1.02% | 3.76% | 1.18% |
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 1.12% | 3.39% | 1.52% |
Correlation
The correlation between MEAR and GUMI is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2024 | 0.12 |
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Return for Risk
MEAR vs. GUMI — Risk / Return Rank
MEAR
GUMI
MEAR vs. GUMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Maturity Municipal Bond ETF (MEAR) and Goldman Sachs Ultra Short Municipal Income ETF (GUMI). 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 | GUMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.88 | 1.64 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 6.93 | 8.90 | -1.97 |
| Martin ratioReturn relative to average drawdown | 28.45 | 37.70 | -9.25 |
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
| MEAR | GUMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.78 | 2.91 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 3.32 | -2.21 |
Drawdowns
MEAR vs. GUMI - Drawdown Comparison
The maximum MEAR drawdown since its inception was -2.68%, which is greater than GUMI's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for MEAR and GUMI.
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Drawdown Indicators
| MEAR | GUMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.68% | -0.48% | -2.20% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -0.36% | -0.11% |
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 | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.05% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.08% | +0.03% |
Volatility
MEAR vs. GUMI - Volatility Comparison
iShares Short Maturity Municipal Bond ETF (MEAR) and Goldman Sachs Ultra Short Municipal Income ETF (GUMI) have volatilities of 0.24% and 0.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEAR | GUMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 0.25% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 0.55% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.86% | 1.10% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.98% | 0.99% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.52% | 0.99% | +0.53% |
MEAR vs. GUMI - Expense Ratio Comparison
MEAR has a 0.25% expense ratio, which is higher than GUMI's 0.16% 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%.
Dividends
MEAR vs. GUMI - Dividend Comparison
MEAR's dividend yield for the trailing twelve months is around 2.84%, more than GUMI's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 2.77% | 2.95% | 1.37% | 0.00% | 0.00% | 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
MEAR and GUMI have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUMI has higher volatility (0.25%) compared to MEAR (0.24%). In terms of maximum drawdown, MEAR dropped -2.68% vs GUMI's -0.48%.
On 1-year performance, MEAR leads with 3.23% vs 3.17% for GUMI. On fees, GUMI is cheaper at 0.16% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MEAR has performed better with a 3.23% return vs 3.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GUMI is cheaper with a 0.16% expense ratio, compared with 0.25% for MEAR.
MEAR has the higher dividend yield at 2.84%, compared with 2.77% for GUMI.
They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.25% for MEAR and 0.16% for GUMI.
MEAR currently has the higher Sharpe Ratio (3.78 vs 2.91), 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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