NYF vs. MEAR
Compare and contrast key facts about iShares New York Muni Bond ETF (NYF) and iShares Short Maturity Municipal Bond ETF (MEAR).
NYF and MEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NYF is a passively managed fund by iShares that tracks the performance of the S&P New York AMT-Free Municipal Bond Index. It was launched on Oct 4, 2007. MEAR is an actively managed fund by iShares. It was launched on Mar 3, 2015.
Performance
NYF vs. MEAR - Performance Comparison
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NYF vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 0.08% | 3.64% | 1.13% | 5.76% | -7.75% | 1.34% | 4.18% | 6.49% | 0.66% | 5.02% |
MEAR iShares Short Maturity Municipal Bond ETF | 0.58% | 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, NYF achieves a 0.08% return, which is significantly lower than MEAR's 0.58% return. Both investments have delivered pretty close results over the past 10 years, with NYF having a 1.81% annualized return and MEAR not far behind at 1.75%.
NYF
- 1D
- 0.30%
- 1M
- -1.77%
- YTD
- 0.08%
- 6M
- 1.30%
- 1Y
- 3.82%
- 3Y*
- 2.67%
- 5Y*
- 0.85%
- 10Y*
- 1.81%
MEAR
- 1D
- 0.11%
- 1M
- -0.23%
- YTD
- 0.58%
- 6M
- 1.27%
- 1Y
- 3.25%
- 3Y*
- 3.54%
- 5Y*
- 2.32%
- 10Y*
- 1.75%
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NYF vs. MEAR - Expense Ratio Comparison
Both NYF and MEAR have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
NYF vs. MEAR — Risk / Return Rank
NYF
MEAR
NYF vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares New York Muni Bond ETF (NYF) 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.
| NYF | MEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 2.81 | -1.85 |
Sortino ratioReturn per unit of downside risk | 1.21 | 3.78 | -2.58 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.73 | -0.51 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 3.77 | -2.46 |
Martin ratioReturn relative to average drawdown | 3.65 | 21.16 | -17.52 |
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
| NYF | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.81 | -1.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 2.38 | -2.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 1.16 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 1.09 | -0.63 |
Correlation
The correlation between NYF 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
NYF vs. MEAR - Dividend Comparison
NYF's dividend yield for the trailing twelve months is around 3.08%, more than MEAR's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 3.08% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
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
NYF vs. MEAR - Drawdown Comparison
The maximum NYF drawdown since its inception was -13.12%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for NYF and MEAR.
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Drawdown Indicators
| NYF | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -2.68% | -10.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -0.86% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -12.71% | -1.12% | -11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -13.12% | -2.68% | -10.44% |
Current DrawdownCurrent decline from peak | -1.97% | -0.24% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -0.19% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 0.15% | +1.04% |
Volatility
NYF vs. MEAR - Volatility Comparison
iShares New York Muni Bond ETF (NYF) has a higher volatility of 1.41% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.37%. This indicates that NYF'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
| NYF | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 0.37% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 0.60% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 1.16% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.98% | 0.98% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 1.52% | +2.96% |