DGRO vs. NEAR

Last updated Jun 9, 2026

DGRO (iShares Core Dividend Growth ETF) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while NEAR is a Short-Term Bond fund actively managed by iShares. DGRO is passively managed, while NEAR is actively managed. Over the past 10 years, DGRO returned 13.26%/yr vs 2.82%/yr for NEAR. At a 0.05 correlation, their price movements are largely independent. DGRO charges 0.08%/yr vs 0.25%/yr for NEAR.

Performance

DGRO vs. NEAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Dividend Growth ETF (DGRO) 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, DGRO achieves a 8.47% return, which is significantly higher than NEAR's 0.53% return. Over the past 10 years, DGRO has outperformed NEAR with an annualized return of 13.26%, while NEAR has yielded a comparatively lower 2.82% annualized return.

DGRO

• 1D: -0.29%
• 1M: 2.67%
• YTD: 8.47%
• 6M: 9.27%
• 1Y: 21.90%
• 3Y*: 16.63%
• 5Y*: 10.64%
• 10Y*: 13.26%

NEAR

• 1D: -0.02%
• 1M: -0.18%
• YTD: 0.53%
• 6M: 1.05%
• 1Y: 4.12%
• 3Y*: 5.54%
• 5Y*: 3.81%
• 10Y*: 2.82%

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

DGRO vs. NEAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRO iShares Core Dividend Growth ETF	8.47%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%
NEAR iShares Short Duration Bond Active ETF	0.53%	5.90%	5.09%	7.42%	0.41%	0.32%	1.39%	3.55%	1.71%	1.41%

Correlation

The correlation between DGRO and NEAR is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jun 13, 2014	0.05

Over the past year, DGRO and NEAR have become more correlated (0.26) than their long-term average of 0.05, meaning their price movements have been converging.

DGRO vs. NEAR - Sectors Allocation Comparison

Sectors	DGRO	NEAR
Financial Services	21.2%	0.1%
Technology	19.4%	-
Healthcare	16.4%	-
Consumer Defensive	11.5%	-
Industrials	10.8%	-
Utilities	6.9%	-
Consumer Cyclical	5.7%	-
Energy	5.6%	-
Basic Materials	2.5%	-
Communication Services	0.1%	-0.0%
Real Estate	-	-

Return for Risk

DGRO vs. NEAR — Risk / Return Rank

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

DGRO

DGRO Risk / Return Rank: 78
DGRO Sharpe Ratio Rank: 80
DGRO Sortino Ratio Rank: 84
DGRO Omega Ratio Rank: 78
DGRO Calmar Ratio Rank: 74
DGRO Martin Ratio Rank: 76

NEAR

NEAR Risk / Return Rank: 89
NEAR Sharpe Ratio Rank: 93
NEAR Sortino Ratio Rank: 95
NEAR Omega Ratio Rank: 94
NEAR Calmar Ratio Rank: 78
NEAR Martin Ratio Rank: 86

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.

DGRO vs. NEAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) 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.

	DGRO	NEAR	Difference
Sharpe ratio: Return per unit of total volatility	2.32	3.05	-0.74
Sortino ratio: Return per unit of downside risk	3.37	4.80	-1.43
Omega ratio: Gain probability vs. loss probability	1.42	1.63	-0.22
Calmar ratio: Return relative to maximum drawdown	3.40	3.65	-0.25
Martin ratio: Return relative to average drawdown	13.12	16.68	-3.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGRO vs. NEAR - Sharpe Ratio Comparison

The current DGRO Sharpe Ratio is 2.32, which is comparable to the NEAR Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of DGRO 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

	DGRO	NEAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	3.05	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	2.86	-2.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	1.14	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.08	-0.32

Drawdowns

DGRO vs. NEAR - Drawdown Comparison

The maximum DGRO drawdown since its inception was -35.10%, which is greater than NEAR's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for DGRO and NEAR.

Drawdown Indicators

	DGRO	NEAR	Difference
Max Drawdown Largest peak-to-trough decline	-35.10%	-9.61%	-25.49%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-1.13%	-5.34%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-1.16%	-12.87%
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	-1.32%	-17.99%
Max Drawdown (10Y) Largest decline over 10 years	-35.10%	-9.61%	-25.49%
Current Drawdown Current decline from peak	-1.07%	-0.29%	-0.78%
Average Drawdown Average peak-to-trough decline	-3.44%	-0.16%	-3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	0.25%	+1.42%

Volatility

DGRO vs. NEAR - Volatility Comparison

iShares Core Dividend Growth ETF (DGRO) has a higher volatility of 2.32% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.40%. This indicates that DGRO'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.

Volatility by Period

	DGRO	NEAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.32%	0.40%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	1.01%	+5.94%
Volatility (1Y) Calculated over the trailing 1-year period	9.52%	1.36%	+8.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.82%	1.34%	+12.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	2.50%	+14.13%

DGRO vs. NEAR - Expense Ratio Comparison

DGRO has a 0.08% 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

DGRO vs. NEAR - Dividend Comparison

DGRO's dividend yield for the trailing twelve months is around 1.96%, less than NEAR's 4.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.96%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
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

Can I hold both DGRO and NEAR in my portfolio?

DGRO and NEAR have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGRO or NEAR?

DGRO has higher volatility (2.32%) compared to NEAR (0.40%). In terms of maximum drawdown, DGRO dropped -35.10% vs NEAR's -9.61%.

Which ETF is better, DGRO or NEAR?

On 10-year performance, DGRO leads with 13.26% vs 2.82% for NEAR. On fees, DGRO is cheaper at 0.08% per year. On volatility, NEAR has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRO or NEAR?

Over the 10-year period, DGRO has performed better with a 13.26% return vs 2.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRO or NEAR?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.25% for NEAR.

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

NEAR has the higher dividend yield at 4.44%, compared with 1.96% for DGRO.

What is the main difference between DGRO and NEAR?

DGRO is categorized as Large Cap Growth Equities, while NEAR is Short-Term Bond. Their fees differ too: 0.08% for DGRO and 0.25% for NEAR.

Which has better risk-adjusted returns?

NEAR currently has the higher Sharpe Ratio (3.05 vs 2.32), 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.