BBBIX vs. NEAR
BBBIX (BBH Limited Duration Fund) and NEAR (iShares Short Duration Bond Active ETF) are both funds - BBBIX is a Ultrashort Bond fund managed by BBH, while NEAR is a Short-Term Bond fund actively managed by iShares. Over the past 10 years, BBBIX returned 3.43%/yr vs 2.85%/yr for NEAR. At a 0.31 correlation, their price movements are largely independent. BBBIX charges 0.27%/yr vs 0.25%/yr for NEAR.
Performance
BBBIX vs. NEAR - Performance Comparison
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Returns By Period
In the year-to-date period, BBBIX achieves a 1.26% return, which is significantly higher than NEAR's 0.73% return. Over the past 10 years, BBBIX has outperformed NEAR with an annualized return of 3.43%, while NEAR has yielded a comparatively lower 2.85% annualized return.
BBBIX
- 1D
- -0.10%
- 1M
- 0.26%
- YTD
- 1.26%
- 6M
- 1.67%
- 1Y
- 4.50%
- 3Y*
- 6.21%
- 5Y*
- 3.96%
- 10Y*
- 3.43%
NEAR
- 1D
- 0.10%
- 1M
- 0.21%
- YTD
- 0.73%
- 6M
- 0.96%
- 1Y
- 3.76%
- 3Y*
- 5.52%
- 5Y*
- 3.86%
- 10Y*
- 2.85%
BBBIX vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBBIX BBH Limited Duration Fund | 1.26% | 5.62% | 6.79% | 7.63% | -1.42% | 1.06% | 2.85% | 4.39% | 2.07% | 2.51% |
NEAR iShares Short Duration Bond Active ETF | 0.73% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 3.55% | 1.71% | 1.41% |
Correlation
The correlation between BBBIX and NEAR is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.31 |
Over the past year, BBBIX and NEAR have become more correlated (0.60) than their long-term average of 0.31, meaning their price movements have been converging.
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Return for Risk
BBBIX vs. NEAR — Risk / Return Rank
BBBIX
NEAR
BBBIX vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BBH Limited Duration Fund (BBBIX) and iShares Short Duration Bond Active ETF (NEAR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBBIX | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +3.22 | ||
| Omega ratioGain probability vs. loss probability | 2.21 | 1.55 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 8.10 | 3.33 | +4.76 |
| Martin ratioReturn relative to average drawdown | 33.63 | 15.13 | +18.50 |
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Drawdowns
BBBIX vs. NEAR - Drawdown Comparison
The maximum BBBIX drawdown since its inception was -6.60%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for BBBIX and NEAR.
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Drawdown Indicators
| BBBIX | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.60% | -9.61% | +3.01% |
Max Drawdown (1Y)Largest decline over 1 year | -0.57% | -1.13% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -0.57% | -1.16% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -3.16% | -1.32% | -1.84% |
Max Drawdown (10Y)Largest decline over 10 years | -6.60% | -9.61% | +3.01% |
Current DrawdownCurrent decline from peak | -0.19% | -0.14% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.46% | -0.16% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.14% | 0.25% | -0.11% |
Volatility
BBBIX vs. NEAR - Volatility Comparison
BBH Limited Duration Fund (BBBIX) and iShares Short Duration Bond Active ETF (NEAR) have volatilities of 0.48% and 0.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBBIX | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.49% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.07% | 1.06% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 1.39% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.55% | 1.35% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.48% | 2.50% | -1.02% |
BBBIX vs. NEAR - Expense Ratio Comparison
BBBIX has a 0.27% expense ratio, which is higher than NEAR's 0.25% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBBIX vs. NEAR - Dividend Comparison
BBBIX's dividend yield for the trailing twelve months is around 4.61%, more than NEAR's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBBIX BBH Limited Duration Fund | 4.61% | 4.68% | 4.88% | 4.31% | 1.84% | 1.35% | 2.09% | 3.01% | 2.66% | 2.09% | 2.23% | 2.08% |
NEAR iShares Short Duration Bond Active ETF | 4.44% | 4.54% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% |
Frequently Asked Questions
BBBIX and NEAR have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEAR has higher volatility (0.49%) compared to BBBIX (0.48%). In terms of maximum drawdown, BBBIX dropped -6.60% vs NEAR's -9.61%.
BBBIX currently has the higher Sharpe Ratio (2.91 vs 2.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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