BBSB vs. NEAR

Last updated Jun 5, 2026

BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - BBSB is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while NEAR is a Short-Term Bond fund actively managed by iShares. BBSB is passively managed, while NEAR is actively managed. Over the past 3 years, BBSB returned 4.15%/yr vs 5.63%/yr for NEAR. A 0.80 correlation means they provide meaningful diversification when combined. BBSB charges 0.04%/yr vs 0.25%/yr for NEAR.

Performance

BBSB vs. NEAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) and iShares Short Duration Bond Active ETF (NEAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBSB achieves a 0.55% return, which is significantly lower than NEAR's 0.75% return.

BBSB

• 1D: 0.07%
• 1M: 0.13%
• YTD: 0.55%
• 6M: 0.88%
• 1Y: 3.32%
• 3Y*: 4.15%
• 5Y*: —
• 10Y*: —

NEAR

• 1D: 0.02%
• 1M: 0.17%
• YTD: 0.75%
• 6M: 1.25%
• 1Y: 4.14%
• 3Y*: 5.63%
• 5Y*: 3.86%
• 10Y*: 2.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBSB vs. NEAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	0.55%	5.12%	4.00%	2.56%
NEAR iShares Short Duration Bond Active ETF	0.75%	5.90%	5.09%	5.74%

Correlation

The correlation between BBSB and NEAR is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023	0.80

The correlation between BBSB and NEAR has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

BBSB vs. NEAR - Sectors Allocation Comparison

Sectors	BBSB	NEAR
Communication Services	99.7%	-0.0%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BBSB vs. NEAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBSB

BBSB Risk / Return Rank: 84
BBSB Sharpe Ratio Rank: 82
BBSB Sortino Ratio Rank: 93
BBSB Omega Ratio Rank: 88
BBSB Calmar Ratio Rank: 77
BBSB Martin Ratio Rank: 82

NEAR

NEAR Risk / Return Rank: 87
NEAR Sharpe Ratio Rank: 90
NEAR Sortino Ratio Rank: 94
NEAR Omega Ratio Rank: 93
NEAR Calmar Ratio Rank: 74
NEAR Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBSB vs. NEAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) 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.

	BBSB	NEAR	Difference
Sharpe ratio: Return per unit of total volatility	2.64	3.08	-0.44
Sortino ratio: Return per unit of downside risk	4.47	4.88	-0.41
Omega ratio: Gain probability vs. loss probability	1.54	1.64	-0.10
Calmar ratio: Return relative to maximum drawdown	3.89	3.67	+0.22
Martin ratio: Return relative to average drawdown	16.07	16.84	-0.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBSB vs. NEAR - Sharpe Ratio Comparison

The current BBSB Sharpe Ratio is 2.64, which is comparable to the NEAR Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of BBSB and NEAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBSB	NEAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	3.08	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.90	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	1.09	+1.28

Drawdowns

BBSB vs. NEAR - Drawdown Comparison

The maximum BBSB drawdown since its inception was -1.57%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for BBSB and NEAR.

Drawdown Indicators

	BBSB	NEAR	Difference
Max Drawdown Largest peak-to-trough decline	-1.57%	-9.61%	+8.04%
Max Drawdown (1Y) Largest decline over 1 year	-0.86%	-1.13%	+0.27%
Max Drawdown (3Y) Largest decline over 3 years	-0.96%	-1.16%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	—	-1.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-9.61%	—
Current Drawdown Current decline from peak	-0.18%	-0.07%	-0.11%
Average Drawdown Average peak-to-trough decline	-0.31%	-0.16%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.21%	0.25%	-0.04%

Volatility

BBSB vs. NEAR - Volatility Comparison

JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) and iShares Short Duration Bond Active ETF (NEAR) have volatilities of 0.36% and 0.37%, 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.

Volatility by Period

	BBSB	NEAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.36%	0.37%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	0.85%	0.99%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	1.27%	1.36%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.66%	1.34%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.66%	2.50%	-0.84%

BBSB vs. NEAR - Expense Ratio Comparison

BBSB has a 0.04% expense ratio, which is lower than NEAR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBSB vs. NEAR - Dividend Comparison

BBSB's dividend yield for the trailing twelve months is around 3.81%, less than NEAR's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	3.81%	3.69%	4.84%	3.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NEAR iShares Short Duration Bond Active ETF	4.43%	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

Can I hold both BBSB and NEAR in my portfolio?

BBSB and NEAR have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBSB or NEAR?

NEAR has higher volatility (0.37%) compared to BBSB (0.36%). In terms of maximum drawdown, BBSB dropped -1.57% vs NEAR's -9.61%.

Which ETF is better, BBSB or NEAR?

On 3-year performance, NEAR leads with 5.63% vs 4.15% for BBSB. On fees, BBSB is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBSB or NEAR?

Over the 3-year period, NEAR has performed better with a 5.63% return vs 4.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBSB or NEAR?

BBSB is cheaper with a 0.04% expense ratio, compared with 0.25% for NEAR.

Which ETF pays a higher dividend yield, BBSB or NEAR?

NEAR has the higher dividend yield at 4.43%, compared with 3.81% for BBSB.

What is the main difference between BBSB and NEAR?

BBSB is categorized as Government Bonds, while NEAR is Short-Term Bond. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.04% for BBSB and 0.25% for NEAR.

Which has better risk-adjusted returns?

NEAR currently has the higher Sharpe Ratio (3.08 vs 2.64), 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.