MEAR vs SPY

Comparison between ISHARES SHORT MATURITY MUNICIPAL BOND ACTIVE ETF (MEAR, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed MEAR, delivering a return of +13.3% compared to +2.4%

MEAR vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MEAR(ETF)	SPY(ETF)
Net Assets	$1.40B	$652B
Expense Ratio	0.25%	0.09%
Max Drawdown	2.82%	56.47%
Sharpe Ratio	-0.21	2.07
5Y Beta	0.01	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	36.70%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

MEAR

$1.40B

Winner

SPY

$652B

Expense Ratio

MEAR

0.25%

Winner

SPY

0.09%

Max Drawdown

Winner

MEAR

2.82%

SPY

56.47%

Sharpe Ratio

MEAR

-0.21

Winner

SPY

2.07

5Y Beta

Winner

MEAR

0.01

SPY

1.00

P/E Ratio

MEAR

N/A

SPY

28.24

Forward P/E

MEAR

N/A

SPY

21.85

5Y Dividends CAGR

Winner

MEAR

36.70%

SPY

5.43%

5Y EPS CAGR

MEAR

N/A

SPY

25.79%

Debt to Equity

MEAR

N/A

SPY

22.35%

P/S Ratio

MEAR

N/A

SPY

3.55

P/B Ratio

MEAR

N/A

SPY

5.29

MEAR vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	MEAR	SPY
1 month	+0.26%	+9.11%
3 months	+0.27%	+6.59%
6 months	+1.32%	+10.56%
1 year	+3.45%	+32.04%
5 years(CAGR)	+2.39%	+13.35%
10 years(CAGR)	+1.78%	+15.49%
Max(CAGR)	+1.67%	+8.50%

MEAR

+0.26%

Winner

SPY

+9.11%

MEAR

+0.27%

Winner

SPY

+6.59%

MEAR

+1.32%

Winner

SPY

+10.56%

MEAR

+3.45%

Winner

SPY

+32.04%

5Y(CAGR)

MEAR

+2.39%

Winner

SPY

+13.35%

10Y(CAGR)

MEAR

+1.78%

Winner

SPY

+15.49%

Max(CAGR)

MEAR

+1.67%

Winner

SPY

+8.50%

MEAR vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MEAR	SPY
2026	+0.83%	+8.27%
2025	+3.72%	+18.00%
2024	+3.28%	+25.59%
2023	+3.91%	+26.72%
2022	+0.12%	-18.64%
2021	+0.16%	+30.52%
2020	+1.02%	+17.28%
2019	+2.03%	+31.09%
2018	+1.54%	-5.24%
2017	+0.88%	+20.78%
2016	+0.61%	+13.59%
2015	+0.54%	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

MEAR vs SPY Drawdown Comparison

The maximum drawdown for MEAR was -2.68%, occurring on Mar 23, 2020. Recovery took 80 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

Rank	MEAR	SPY
#1	-2.68% Mar 6, 2020 - Jun 30, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-1.12% Jul 22, 2021 - Jan 4, 2023	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-0.87% Aug 23, 2016 - Feb 8, 2017	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-0.86% Apr 3, 2025 - May 15, 2025	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-0.78% Sep 14, 2015 - Feb 17, 2016	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-0.56% Mar 6, 2015 - Aug 7, 2015	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-0.52% Sep 14, 2017 - May 9, 2018	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-0.47% Feb 26, 2026 - May 6, 2026	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-0.43% Feb 17, 2017 - Feb 23, 2017	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-0.36% Apr 12, 2023 - May 31, 2023	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-0.36% Feb 8, 2017 - Feb 13, 2017	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-0.36% Sep 8, 2020 - Dec 23, 2020	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-0.36% Mar 7, 2017 - Apr 10, 2017	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-0.35% Feb 17, 2016 - May 10, 2016	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-0.32% Jun 21, 2018 - Jun 28, 2018	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MEAR and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (1999 - 2026)

MEAR vs SPY dividend yield comparison.

Year	MEAR	SPY
2026	0.91%	0.24%
2025	2.95%	1.07%
2024	3.44%	1.21%
2023	3.30%	1.40%
2022	0.88%	1.65%
2021	0.30%	1.20%
2020	0.90%	1.52%
2019	1.57%	1.75%
2018	1.36%	2.04%
2017	1.01%	1.80%
2016	0.81%	2.03%
2015	0.53%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%