MEARvsCALIETF Comparison
VS
iShares Short Maturity Municipal Bond Active ETF (MEAR) and iShares Short-Term California Muni Active ETF (CALI) belong to the same industry segment: Municipal Bonds. MEAR's top 2 sector exposures are Municipal and Non-Corporate. In contrast, CALI's top sector exposures are Municipal. MEAR is more expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.25% for CALI. MEAR is up 1.15% year-to-date (YTD) with +$173M in YTD flows. CALI performs worse with 0.9% YTD performance, and +$404M in YTD flows. Run a side-by-side ETF comparison of MEAR and CALI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MEAR vs CALI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MEAR CALI | -0.00%-0.05% | -0.17%-0.21% | +1.15%+0.90% | +1.60%+1.30% | +9.86%+9.11% | +12.77%n/a |
| Flows | MEAR CALI | +$52M+$102M | +$137M+$200M | +$173M+$404M | +$243M+$452M | +$885M+$601M | +$1.21B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MEAR CALI | +1.12%+1.21% | +0.70%+0.73% | +0.75%+0.76% | +0.64%n/a |
| Max drawdown | MEAR CALI | -1.08%-1.20% | -1.08%-1.20% | -1.08%-1.20% | -1.08%n/a |
| Max drawdown duration | MEAR CALI | 51d51d | 51d51d | 51d51d | 51dn/a |
Trading data
MEAR | CALI | |
Last sale 10/19/2026 at 1:30 PM | $49.81 | $49.96 |
| Previous close 10/16/2026 | $49.84 | $49.96 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
MEAR | CALI | |
|---|---|---|
| Last price | $49.81 | $49.96 |
| 1D performance | -0.06% | +0.00% |
| AuM | $1.49 B | $614.49 M |
| E/R | 0.26% | 0.25% |
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Exposure
Countries
MEAR
USA
29.35%
Other
70.65%
CALI
USA
25.25%
Other
74.75%
Sectors
MEAR
Municipal
29.34%
Other
70.66%
CALI
Municipal
25.25%
Other
74.75%
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Diversification
MEAR
Total weight of top 15 holdings out of 15
21.18%
CALI
Total weight of top 15 holdings out of 15
24.9%
Top 15 holdings
Data as of August 31, 2026
MEAR
St. James Parish, FRN 1nov2040, USD (2010A-1)
2.18%
US46246XAD66
2.12%
US56035DEN84
1.87%
PEFA Inc., 5% 1sep2049, USD (2019)
1.73%
Texas Municipal Gas Acquisition and Supply Corp., 5.5% 1jan2054, USD (2023A)
1.68%
City of Burlington, FRN 1sep2035, USD (2007A)
1.57%
US74440DFN93
1.37%
US46246K5F52
1.33%
US20775CZF49
1.23%
US84129NML00
1.22%
US64987J6Y23
1.01%
US45528VFV62
0.99%
New Mexico Municipal Energy Acquisition Authority, FRN 1jun2054, USD (2025)
0.98%
US365753AW24
0.96%
US196707Y498
0.95%
CALI
Orange Water District, FRN 1aug2042, USD (2003A)
2.37%
US607804AC55
2.33%
US13063BCS97
2.01%
US59266TYR66
1.93%
Bay Area Toll Authority, FRN 1apr2059, USD (2026)
1.83%
US88035F7U81
1.80%
US13034DAH70
1.66%
US13032UJ338
1.48%
US91412HTJ22
1.48%
US13033LSZ12
1.46%
Northern California Energy Authority, 5% 1dec2054, USD (2024)
1.42%
California Community Choice Financing Authority, 5% 1feb2031, USD (2026D)
1.40%
US13048RAN70
1.33%
US130536RN77
1.22%
US59266TXN61
1.20%
Frequently asked questions about MEAR and CALI
How have the MEAR and CALI ETFs performed in 2026?
As of October 16, 2026, MEAR is up 1.15% year-to-date (YTD), while CALI has returned 0.9%. That puts MEAR better performer ahead so far this year.
Which ETF is attracting more investor money: MEAR or CALI?
Year-to-date, the MEAR ETF saw +$173M in flows, compared to +$404M for CALI.
Which ETF is more volatile: MEAR or CALI?
Over the past year, MEAR had a volatility of 0.7%, while CALI experienced 0.73%.
Which ETF is bigger: MEAR or CALI?
As of October 16, 2026, MEAR holds $1.49 B in assets under management (AUM), while CALI manages $614.49 M.
What sectors do the MEAR and CALI ETFs invest in?
MEAR leans toward sectors like Municipal. Meanwhile, CALI focuses on Municipal.
What are the top holdings of the MEAR ETF and CALI ETF?
MEAR top holdings include St. James Parish, FRN 1nov2040, USD (2010A-1), US46246XAD66 and US56035DEN84. CALI holds in its top three: Orange Water District, FRN 1aug2042, USD (2003A), US607804AC55 and US13063BCS97.
Which ETF is more diversified: MEAR or CALI?
MEAR holds 313 securities with 21.18% of its assets in the top 15. CALI has 204 securities and a top 15 weight of 24.9%.
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