CGSD vs. NEAR
CGSD (Capital Group Short Duration Income ETF) and NEAR (iShares Short Duration Bond Active ETF) are both Short-Term Bond funds. Both are actively managed. Over the past 3 years, CGSD returned 5.21%/yr vs 5.64%/yr for NEAR. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
CGSD vs. NEAR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CGSD having a 0.70% return and NEAR slightly higher at 0.73%.
CGSD
- 1D
- -0.10%
- 1M
- 0.14%
- YTD
- 0.70%
- 6M
- 1.09%
- 1Y
- 4.30%
- 3Y*
- 5.21%
- 5Y*
- —
- 10Y*
- —
NEAR
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 0.73%
- 6M
- 1.15%
- 1Y
- 4.31%
- 3Y*
- 5.64%
- 5Y*
- 3.86%
- 10Y*
- 2.85%
CGSD vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 0.70% | 6.11% | 5.46% | 5.03% | 1.32% |
NEAR iShares Short Duration Bond Active ETF | 0.73% | 5.90% | 5.09% | 7.42% | 1.09% |
Correlation
The correlation between CGSD and NEAR is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.67 |
The correlation between CGSD and NEAR shifts across timeframes, from 0.67 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CGSD vs. NEAR — Risk / Return Rank
CGSD
NEAR
CGSD vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) 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.
| CGSD | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.66 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 3.81 | +0.07 |
| Martin ratioReturn relative to average drawdown | 18.36 | 17.49 | +0.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CGSD | NEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 3.18 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.41 | 1.09 | +1.32 |
Drawdowns
CGSD vs. NEAR - Drawdown Comparison
The maximum CGSD drawdown since its inception was -1.75%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for CGSD and NEAR.
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Drawdown Indicators
| CGSD | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.75% | -9.61% | +7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | -1.13% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -1.11% | -1.16% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.61% | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.09% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -0.16% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.25% | -0.02% |
Volatility
CGSD vs. NEAR - Volatility Comparison
Capital Group Short Duration Income ETF (CGSD) has a higher volatility of 0.39% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.37%. This indicates that CGSD's price experiences larger fluctuations and is considered to be riskier than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGSD | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 0.37% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 1.00% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.47% | 1.36% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.16% | 1.34% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.16% | 2.50% | -0.34% |
CGSD vs. NEAR - Expense Ratio Comparison
Both CGSD and NEAR have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CGSD vs. NEAR - Dividend Comparison
CGSD's dividend yield for the trailing twelve months is around 4.46%, which matches NEAR's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 4.46% | 4.48% | 4.57% | 4.43% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
CGSD and NEAR have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGSD has higher volatility (0.39%) compared to NEAR (0.37%). In terms of maximum drawdown, CGSD dropped -1.75% vs NEAR's -9.61%.
On 3-year performance, NEAR leads with 5.64% vs 5.21% for CGSD. Both ETFs have the same 0.25% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NEAR has performed better with a 5.64% return vs 5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CGSD and NEAR have the same expense ratio: 0.25% per year.
CGSD has the higher dividend yield at 4.46%, compared with 4.44% for NEAR.
They also come from different issuers: Capital Group and iShares.
NEAR currently has the higher Sharpe Ratio (3.18 vs 2.94), 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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