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. Both ETFs have the same top 2 sector exposures: Municipal and Non-Corporate. MEAR is more expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.25% for CALI. MEAR is up 1.39% year-to-date (YTD) with +$70M in YTD flows. CALI performs worse with 1.23% YTD performance, and +$282M 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 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MEAR CALI | +0.16%+0.17% | +0.33%+0.32% | +1.39%+1.23% | +2.23%+2.05% | +10.32%+9.26% | +12.99%n/a |
| Flows | MEAR CALI | +$43M+$50M | +$25M+$133M | +$70M+$282M | +$191M+$348M | +$803M+$479M | +$1.11B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MEAR CALI | +0.52%+0.52% | +0.50%+0.49% | +0.69%+0.70% | +0.60%n/a |
| Max drawdown | MEAR CALI | -0.23%-0.27% | -0.47%-0.47% | -0.96%-0.86% | -1.02%n/a |
| Max drawdown duration | MEAR CALI | 31d31d | 67d68d | 47d47d | 443dn/a |
Trading data
MEAR | CALI | |
Last sale 9/3/2026 at 5:49 PM | $50.07 | $50.24 |
| Previous close 09/02/2026 | $50.07 | $50.23 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 5:49 PM
Live
Closed
MEAR | CALI | |
|---|---|---|
| Last price | $50.07 | $50.24 |
| 1D performance | +0.00% | +0.02% |
| AuM | $1.40 B | $494.72 M |
| E/R | 0.26% | 0.25% |
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Exposure
Countries
MEAR
USA
31.91%
Other
68.09%
CALI
USA
26.97%
Other
73.03%
Sectors
MEAR
Municipal
31.9%
Other
68.1%
CALI
Municipal
26.85%
Other
73.15%
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Diversification
MEAR
Total weight of top 15 holdings out of 15
21.87%
CALI
Total weight of top 15 holdings out of 15
25.35%
Top 15 holdings
Data as of July 31, 2026
MEAR
St. James Parish, FRN 1nov2040, USD (2010A-1)
2.25%
US46246XAD66
2.19%
US56035DEN84
1.91%
PEFA Inc., 5% 1sep2049, USD (2019)
1.82%
Texas Municipal Gas Acquisition and Supply Corp., 5.5% 1jan2054, USD (2023A)
1.73%
City of Burlington, FRN 1sep2035, USD (2007A)
1.62%
US83756LEV36
1.51%
US74440DFN93
1.41%
US20775CZF49
1.27%
US84129NML00
1.25%
US64987J6Y23
1.03%
US45528VFV62
1.01%
New Mexico Municipal Energy Acquisition Authority, FRN 1jun2054, USD (2025)
1.01%
US70870JGZ57
0.95%
US365753AW24
0.92%
CALI
US607804AC55
2.58%
Orange Water District, FRN 1aug2042, USD (2003A)
2.51%
US13063BCS97
2.23%
US13034DAH70
1.83%
US91412GSH91
1.69%
US13032UJ338
1.64%
Northern California Energy Authority, 5% 1dec2054, USD (2024)
1.61%
US072024C592
1.57%
California Community Choice Financing Authority, 5% 1feb2031, USD (2026D)
1.56%
US13048RAN70
1.47%
US130536RN77
1.36%
US88035F7U81
1.36%
US072024ZH86
1.33%
US59266TXN61
1.33%
US13013JDB98
1.28%
Frequently asked questions about MEAR and CALI
How have the MEAR and CALI ETFs performed in 2026?
As of September 2, 2026, MEAR is up 1.39% year-to-date (YTD), while CALI has returned 1.23%. 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 +$70M in flows, compared to +$282M for CALI.
Which ETF is more volatile: MEAR or CALI?
Over the past year, MEAR had a volatility of 0.5%, while CALI experienced 0.49%.
Which ETF is bigger: MEAR or CALI?
As of September 2, 2026, MEAR holds $1.40 B in assets under management (AUM), while CALI manages $494.72 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: US607804AC55, Orange Water District, FRN 1aug2042, USD (2003A) and US13063BCS97.
Which ETF is more diversified: MEAR or CALI?
MEAR holds 309 securities with 21.87% of its assets in the top 15. CALI has 198 securities and a top 15 weight of 25.35%.
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