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

In the year to Oct 9, 2026, with distributions reinvested, MEAR returned +1.4% and SMMU +1.1%.

Which is cheaper, MEAR or SMMU?

MEAR is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

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MEAR vs SMMU: Differences, Returns & Fees

MEAR's duration was 1.3 years on Jul 31, 2026 and SMMU's 1.7 on Jun 30, 2026; MEAR charges 0.26% to SMMU's 0.35%. Net assets: $1.4bn on Oct 9, 2026 for iShares Short Maturity Municipal Bond Active ETF, and $1.1bn on Jun 30, 2026 for PIMCO Short Term Municipal Bond Active Exchange-Traded Fund.

MEAR costs 0.09 points a year less; their one-year returns differ by 0.3 points; MEAR is 1.2 times larger.

	MEAR	SMMU
Expense ratio	0.26%	0.35%
Net assets, as of Jun 30, 2026	$1.4bn	$1.1bn
Total return, 1 year	+1.4%	+1.1%
What it tracks	No index, actively managed	No index, actively managed
Holdings in common	3%

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

+1.4%

MEAR total return, 1 year

+1.1%

SMMU total return, 1 year

0.26%

MEAR expense ratio

0.35%

SMMU expense ratio

What they hold in common

By the books each fund has filed, MEAR and SMMU hold 3% 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

3% in common

Positions both hold, largest shared weight first

Holding MEAR SMMU

Pennsylvania Economic Development Financing Authority, Series 2023D, due May 15, 2053 0.44% 0.56%

Kentucky Public Energy Authority, Series 2025A, due Jun 1, 2055 1.39% 0.35%

Inlivian, Series 2025, due Nov 1, 2058 0.30% 0.48%

Development Authority of Burke County (The), Series 2013-1, due Nov 1, 2053 0.28% 0.38%

Texas Transportation Commission, Series 2026, due Apr 1, 2031 0.24% 0.68%

Inlivian, Series 2025, due Nov 10, 2043 0.23% 0.23%

Louisiana Housing Corp., Series 2025, due Apr 1, 2030 0.22% 0.18%

Great Lakes Water Authority Water Supply System, Series 2026D, due Jul 1, 2056 0.15% 0.15%

New York City Housing Development Corp., Series 2025C-2, due May 1, 2065 0.14% 0.34%

Lee County Housing Finance Authority, Series 2026, due Dec 1, 2047 0.18% 0.14%

Black Belt Energy Gas District, Series 2023D-1, due Jun 1, 2049 0.21% 0.13%

Washington State Housing Finance Commission, Series 2025, due Apr 1, 2044 0.13% 0.16%

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%

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

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%

Only in SMMU

U.S. Treasury Notes, due Feb 29, 2028 2.24%

U.S. Treasury Notes, due Feb 28, 2031 1.81%

Connecticut State Health & Educational Facilities Authority, due Jul 1, 2057 1.75%

Federal Home Loan Bank Discount Notes, due Sep 4, 2026 1.68%

New York City Municipal Water Finance Authority, due Jun 15, 2050 1.34%

Fort Bend Independent School District, due Aug 1, 2055 1.25%

Tarrant County Cultural Education Facilities Finance Corp., due Nov 15, 2063 1.22%

U.S. Treasury Notes, due Apr 30, 2031 1.19%

Check overlap with more funds →

On the same fields

MEAR

iShares Short Maturity Municipal Bond Active ETF

SMMU

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

Where it sits Bond ETF Bond ETF

Issuer iShares PIMCO

What it is Actively managed Actively managed

Total return, 1 year +1.4% +1.1%

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

Gap to the S&P 500 −15.8 pts −16.1 pts

Expense ratio 0.26% 0.35%

Holdings 351 348

Net assets, MEAR as of Oct 9, 2026 and SMMU as of Jun 30, 2026 $1.4bn $1.1bn

MEAR and SMMU 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.

SMMU in plain words

SMMU is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +1.1% with distributions reinvested. The prospectus expense ratio is 0.35% a year.

Questions people ask

Which returned more over the last year, MEAR or SMMU?: In the year to Oct 9, 2026, with distributions reinvested, MEAR returned +1.4% and SMMU +1.1%.
Which is cheaper, MEAR or SMMU?: MEAR is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

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

MEAR on its own →SMMU 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 ↗SMMU filings on SEC EDGAR ↗SMMU prospectus with the expense ratio (SEC) ↗PIMCO 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 SMMU, data as of Oct 9, 2026. https://etfiq.com/compare/any/mear-vs-smmu

Open data

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