MEAR vs. MYMF
MEAR (iShares Short Maturity Municipal Bond ETF) and MYMF (State Street My2026 Municipal Bond ETF) are both Municipal Bonds funds. Both are actively managed. Over the past year, MEAR returned 3.29% vs 2.95% for MYMF. At a 0.28 correlation, their price movements are largely independent. MEAR charges 0.25%/yr vs 0.20%/yr for MYMF.
Performance
MEAR vs. MYMF - Performance Comparison
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Returns By Period
In the year-to-date period, MEAR achieves a 1.06% return, which is significantly higher than MYMF's 0.58% return.
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%
MYMF
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.58%
- 6M
- 0.81%
- 1Y
- 2.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEAR vs. MYMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MEAR iShares Short Maturity Municipal Bond ETF | 1.06% | 3.76% | 0.44% |
MYMF State Street My2026 Municipal Bond ETF | 0.58% | 3.01% | 0.19% |
Correlation
The correlation between MEAR and MYMF is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.28 |
The correlation between MEAR and MYMF shifts across timeframes, from 0.13 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MEAR vs. MYMF — Risk / Return Rank
MEAR
MYMF
MEAR vs. MYMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Maturity Municipal Bond ETF (MEAR) and State Street My2026 Municipal Bond ETF (MYMF). 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 | MYMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.91 | 2.21 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 7.07 | 7.79 | -0.72 |
| Martin ratioReturn relative to average drawdown | 28.99 | 28.74 | +0.25 |
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 | MYMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.86 | 3.98 | -0.12 |
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 | 1.11 | 1.36 | -0.25 |
Drawdowns
MEAR vs. MYMF - Drawdown Comparison
The maximum MEAR drawdown since its inception was -2.68%, which is greater than MYMF's maximum drawdown of -2.02%. Use the drawdown chart below to compare losses from any high point for MEAR and MYMF.
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Drawdown Indicators
| MEAR | MYMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.68% | -2.02% | -0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -0.38% | -0.09% |
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 | 0.00% | -0.05% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.18% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.10% | +0.01% |
Volatility
MEAR vs. MYMF - Volatility Comparison
iShares Short Maturity Municipal Bond ETF (MEAR) has a higher volatility of 0.24% compared to State Street My2026 Municipal Bond ETF (MYMF) at 0.21%. This indicates that MEAR's price experiences larger fluctuations and is considered to be riskier than MYMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEAR | MYMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 0.21% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 0.52% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.86% | 0.75% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.98% | 1.65% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.52% | 1.65% | -0.13% |
MEAR vs. MYMF - Expense Ratio Comparison
MEAR has a 0.25% expense ratio, which is higher than MYMF's 0.20% 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. MYMF - Dividend Comparison
MEAR's dividend yield for the trailing twelve months is around 2.84%, more than MYMF's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MYMF State Street My2026 Municipal Bond ETF | 2.47% | 2.80% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MEAR and MYMF have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEAR has higher volatility (0.24%) compared to MYMF (0.21%). In terms of maximum drawdown, MEAR dropped -2.68% vs MYMF's -2.02%.
On 1-year performance, MEAR leads with 3.29% vs 2.95% for MYMF. On fees, MYMF is cheaper at 0.20% 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 3.29% return vs 2.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MYMF is cheaper with a 0.20% expense ratio, compared with 0.25% for MEAR.
MEAR has the higher dividend yield at 2.84%, compared with 2.47% for MYMF.
They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for MEAR and 0.20% for MYMF.
MYMF currently has the higher Sharpe Ratio (3.98 vs 3.86), 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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