TAXX vs. MEAR
TAXX (Bondbloxx IR+M Tax-Aware Short Duration ETF) and MEAR (iShares Short Maturity Municipal Bond ETF) are both Municipal Bonds funds. Both are actively managed. Over the past year, TAXX returned 3.90% vs 3.29% for MEAR. At a 0.28 correlation, their price movements are largely independent. TAXX charges 0.35%/yr vs 0.25%/yr for MEAR.
Performance
TAXX vs. MEAR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TAXX having a 1.07% return and MEAR slightly lower at 1.04%.
TAXX
- 1D
- -0.04%
- 1M
- 0.21%
- YTD
- 1.07%
- 6M
- 1.54%
- 1Y
- 3.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEAR
- 1D
- 0.02%
- 1M
- 0.20%
- YTD
- 1.04%
- 6M
- 1.28%
- 1Y
- 3.29%
- 3Y*
- 3.58%
- 5Y*
- 2.42%
- 10Y*
- 1.77%
TAXX vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 1.07% | 4.52% | 3.51% |
MEAR iShares Short Maturity Municipal Bond ETF | 1.04% | 3.76% | 2.59% |
Correlation
The correlation between TAXX and MEAR is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024 | 0.28 |
The correlation between TAXX and MEAR shifts across timeframes, from 0.16 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TAXX vs. MEAR — Risk / Return Rank
TAXX
MEAR
TAXX vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) 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.
| TAXX | MEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.91 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 7.07 | -2.64 |
| Martin ratioReturn relative to average drawdown | 13.47 | 28.99 | -15.52 |
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
| TAXX | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 3.86 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.59 | 1.11 | +1.48 |
Drawdowns
TAXX vs. MEAR - Drawdown Comparison
The maximum TAXX drawdown since its inception was -0.91%, smaller than the maximum MEAR drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for TAXX and MEAR.
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Drawdown Indicators
| TAXX | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.91% | -2.68% | +1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.88% | -0.47% | -0.41% |
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% | -0.02% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -0.19% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 0.11% | +0.18% |
Volatility
TAXX vs. MEAR - Volatility Comparison
Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) has a higher volatility of 0.33% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.23%. This indicates that TAXX'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
| TAXX | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.23% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 0.84% | 0.61% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.69% | 0.86% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.59% | 0.98% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.59% | 1.52% | +0.07% |
TAXX vs. MEAR - Expense Ratio Comparison
TAXX has a 0.35% expense ratio, which is higher than MEAR's 0.25% expense ratio.
Dividends
TAXX vs. MEAR - Dividend Comparison
TAXX's dividend yield for the trailing twelve months is around 3.50%, more than MEAR's 2.84% 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% |
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 3.50% | 3.72% | 2.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TAXX and MEAR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAXX has higher volatility (0.33%) compared to MEAR (0.23%). In terms of maximum drawdown, TAXX dropped -0.91% vs MEAR's -2.68%.
On 1-year performance, TAXX leads with 3.90% vs 3.29% for MEAR. On fees, MEAR is cheaper at 0.25% per year. On volatility, MEAR has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TAXX has performed better with a 3.90% return vs 3.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MEAR is cheaper with a 0.25% expense ratio, compared with 0.35% for TAXX.
TAXX has the higher dividend yield at 3.50%, compared with 2.84% for MEAR.
They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.35% for TAXX and 0.25% for MEAR.
MEAR currently has the higher Sharpe Ratio (3.86 vs 2.31), 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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