Which returned more over the last year, MEAR or SHM?

In the year to Oct 9, 2026, with distributions reinvested, MEAR returned +1.4% and SHM 0.0%.

Which is cheaper, MEAR or SHM?

SHM is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.

Share on X Download as PDF

Compare their flows Ask IQ about these two funds

MEAR vs SHM: Differences, Returns & Fees

MEAR's duration was 1.3 years on Jul 31, 2026 and SHM's 2.1 on Jun 30, 2026; SHM charges 0.20% to MEAR's 0.26%. Net assets: $1.4bn on Oct 9, 2026 for iShares Short Maturity Municipal Bond Active ETF, and $3.5bn on Oct 8, 2026 for State Street SPDR Nuveen ICE Short Term Municipal Bond ETF.

SHM costs 0.06 points a year less; their one-year returns differ by 1.4 points; SHM is 2.4 times larger.

	MEAR	SHM
Expense ratio	0.26%	0.20%
Net assets, as of Oct 8, 2026	$1.4bn	$3.5bn
Total return, 1 year	+1.4%	0.0%
What it tracks	No index, actively managed	ICE 1-5 Year AMT-Free Broad Municipal Index ?
Holdings in common	6%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.

+1.4%

MEAR total return, 1 year

0.0%

SHM total return, 1 year

0.26%

MEAR expense ratio

0.20%

SHM expense ratio

What they hold in common

By the books each fund has filed, MEAR and SHM hold 6% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

half

6% in common

Positions both hold, largest shared weight first

Holding MEAR SHM

Southeast Energy Authority A Cooperative District, Series 2025E, due Oct 1, 2030 0.47% 0.92%

Kentucky Public Energy Authority, Series 2025A, due Jun 1, 2055 1.39% 0.32%

New York City Housing Development Corp., Series 2026A-2, due Nov 1, 2065 0.94% 0.29%

California Community Choice Financing Authority, Series 2026D, due Feb 1, 2031 0.77% 0.28%

New Mexico Municipal Energy Acquisition Authority, Series 2025, due Jun 1, 2054 0.99% 0.21%

Texas Municipal Gas Acquisition & Supply Corp. IV, Series 2023A, due Jan 1, 2054 1.72% 0.21%

Kentucky Public Energy Authority, Series 2022A-1, due Aug 1, 2052 0.43% 0.20%

New York State Housing Finance Agency, Series 2025D-2, due May 1, 2065 1.02% 0.20%

Tennessee Energy Acquisition Corp., Series 2023A-1, due May 1, 2053 0.38% 0.20%

California Community Choice Financing Authority, Series 2023B-1, due Jul 1, 2053 0.34% 0.20%

Tennergy Corp., Series 2021A, due Dec 1, 2051 0.27% 0.18%

Main Street Natural Gas, Inc., Series 2023A, due Jun 1, 2053 1.90% 0.17%

Only in MEAR

Parish of St. James, Series 2010B-1, due Nov 1, 2040 2.25%

Iowa Finance Authority, Series 2021, due Dec 1, 2041 2.18%

PEFA, Inc., Series 2019, due Sep 1, 2049 1.78%

City of Burlington, Series 2007A, due Sep 1, 2035 1.62%

South Dakota Housing Development Authority, Series 2025G, due Nov 1, 2050 1.50%

Connecticut Housing Finance Authority, Series 2016B, Sub-Series B-4, due Nov 15, 2046 1.26%

General Authority of Southcentral Pennsylvania, Series 2019E, due Jun 1, 2035 1.25%

Indianapolis Local Public Improvement Bond Bank, Series 2025B-2, due Jan 1, 2030 1.01%

Only in SHM

CALIFORNIA ST, due Oct 1, 2027 0.69%

NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE, due Mar 15, 2029 0.61%

CALIFORNIA ST, due Mar 1, 2029 0.52%

CALIFORNIA ST, due Sep 1, 2028 0.49%

CALIFORNIA ST, due Sep 1, 2028 0.46%

NEW YORK NY, due Aug 1, 2027 0.44%

UNIV OF CALIFORNIA CA REVENUES, due May 15, 2027 0.41%

TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX, due Nov 15, 2028 0.40%

Check overlap with more funds →

On the same fields

MEAR

iShares Short Maturity Municipal Bond Active ETF

SHM

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares State Street

What it is Actively managed Tracks an index

Total return, 1 year +1.4% 0.0%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −15.8 pts −17.3 pts

Expense ratio 0.26% 0.20%

Holdings 351 1107

Net assets, MEAR as of Oct 9, 2026 and SHM as of Oct 8, 2026 $1.4bn $3.5bn

MEAR and SHM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

MEAR in plain words

MEAR is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +1.4% with distributions reinvested. The prospectus expense ratio is 0.26% a year.

SHM in plain words

SHM tracks an index. Over the year to Oct 9, 2026 it returned 0.0% with distributions reinvested. The prospectus expense ratio is 0.20% a year.

Questions people ask

Which returned more over the last year, MEAR or SHM?: In the year to Oct 9, 2026, with distributions reinvested, MEAR returned +1.4% and SHM 0.0%.
Which is cheaper, MEAR or SHM?: SHM is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

MEAR vs TAFI MEAR vs SMMU MEAR vs SUB MEAR vs VTES SHM vs TAFI SHM vs SMMU SHM vs VTES SHM vs SUB

MEAR on its own →SHM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

MEAR filings on SEC EDGAR ↗MEAR prospectus with the expense ratio (SEC) ↗iShares page for MEAR ↗SHM filings on SEC EDGAR ↗SHM prospectus with the expense ratio (SEC) ↗State Street website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, MEAR against SHM, data as of Oct 9, 2026. https://etfiq.com/compare/any/mear-vs-shm

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.