XDAT vs. MEAR
XDAT (Franklin Exponential Data ETF) and MEAR (iShares Short Maturity Municipal Bond ETF) are both exchange-traded funds - XDAT is a Technology Equities fund actively managed by Franklin Templeton, while MEAR is a Municipal Bonds fund actively managed by iShares. Both are actively managed. Over the past 5 years, XDAT returned -0.62%/yr vs 2.47%/yr for MEAR. At a 0.12 correlation, their price movements are largely independent. XDAT charges 0.50%/yr vs 0.25%/yr for MEAR.
Performance
XDAT vs. MEAR - Performance Comparison
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Returns By Period
In the year-to-date period, XDAT achieves a -0.59% return, which is significantly lower than MEAR's 1.28% return.
XDAT
- 1D
- 2.00%
- 1M
- 5.77%
- 6M
- 0.15%
- YTD
- -0.59%
- 1Y
- -3.13%
- 3Y*
- 9.78%
- 5Y*
- -0.62%
- 10Y*
- —
MEAR
- 1D
- 0.00%
- 1M
- 0.26%
- 6M
- 1.18%
- YTD
- 1.28%
- 1Y
- 2.84%
- 3Y*
- 3.46%
- 5Y*
- 2.47%
- 10Y*
- 1.78%
XDAT vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XDAT Franklin Exponential Data ETF | -0.59% | 1.87% | 16.54% | 45.77% | -45.71% | 9.61% |
MEAR iShares Short Maturity Municipal Bond ETF | 1.28% | 3.76% | 3.40% | 3.93% | 0.10% | 0.02% |
Correlation
The correlation between XDAT and MEAR is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2021 | 0.12 |
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Return for Risk
XDAT vs. MEAR — Risk / Return Rank
XDAT
MEAR
XDAT vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Exponential Data ETF (XDAT) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XDAT | MEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.46 | ||
| Sortino ratioReturn per unit of downside risk | -5.32 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.76 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 6.11 | -6.22 |
| Martin ratioReturn relative to average drawdown | -0.22 | 24.99 | -25.21 |
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Drawdowns
XDAT vs. MEAR - Drawdown Comparison
The maximum XDAT drawdown since its inception was -54.87%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for XDAT and MEAR.
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Drawdown Indicators
| XDAT | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.87% | -2.68% | -52.19% |
Max Drawdown (1Y)Largest decline over 1 year | -29.56% | -0.47% | -29.09% |
Max Drawdown (3Y)Largest decline over 3 years | -29.56% | -0.86% | -28.70% |
Max Drawdown (5Y)Largest decline over 5 years | -54.87% | -1.12% | -53.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.68% | — |
Current DrawdownCurrent decline from peak | -16.83% | -0.00% | -16.83% |
Average DrawdownAverage peak-to-trough decline | -25.78% | -0.19% | -25.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.51% | 0.11% | +14.40% |
Volatility
XDAT vs. MEAR - Volatility Comparison
Franklin Exponential Data ETF (XDAT) has a higher volatility of 7.31% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.15%. This indicates that XDAT'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
| XDAT | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 0.15% | +7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 20.64% | 0.60% | +20.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.63% | 0.86% | +23.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.64% | 0.98% | +28.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.39% | 1.51% | +27.88% |
XDAT vs. MEAR - Expense Ratio Comparison
XDAT has a 0.50% expense ratio, which is higher than MEAR's 0.25% expense ratio.
Dividends
XDAT vs. MEAR - Dividend Comparison
XDAT has not paid dividends to shareholders, while MEAR's dividend yield for the trailing twelve months is around 2.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEAR iShares Short Maturity Municipal Bond ETF | 2.83% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
XDAT Franklin Exponential Data ETF | 0.00% | 0.00% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XDAT and MEAR have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XDAT has higher volatility (7.31%) compared to MEAR (0.15%). In terms of maximum drawdown, XDAT dropped -54.87% vs MEAR's -2.68%.
On 5-year performance, MEAR leads with 2.47% vs -0.62% for XDAT. On fees, MEAR is cheaper at 0.25% per year. On volatility, MEAR has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MEAR has performed better with a 2.47% return vs -0.62%. 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 0.50% for XDAT.
MEAR has the higher dividend yield at 2.83%, compared with 0.00% for XDAT.
XDAT is categorized as Technology Equities, while MEAR is Municipal Bonds. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.50% for XDAT and 0.25% for MEAR.
MEAR currently has the higher Sharpe Ratio (3.34 vs -0.13), 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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