DIA vs. NEAR

Last updated Jun 13, 2026

DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average, while NEAR is a Short-Term Bond fund actively managed by iShares. DIA is passively managed, while NEAR is actively managed. Over the past 10 years, DIA returned 13.40%/yr vs 2.85%/yr for NEAR. At a 0.05 correlation, their price movements are largely independent. DIA charges 0.16%/yr vs 0.25%/yr for NEAR.

Performance

DIA vs. NEAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) 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, DIA achieves a 7.27% return, which is significantly higher than NEAR's 0.79% return. Over the past 10 years, DIA has outperformed NEAR with an annualized return of 13.40%, while NEAR has yielded a comparatively lower 2.85% annualized return.

DIA

• 1D: 0.73%
• 1M: 3.26%
• YTD: 7.27%
• 6M: 6.43%
• 1Y: 21.01%
• 3Y*: 16.29%
• 5Y*: 10.14%
• 10Y*: 13.40%

NEAR

• 1D: -0.03%
• 1M: 0.15%
• YTD: 0.79%
• 6M: 1.16%
• 1Y: 4.05%
• 3Y*: 5.61%
• 5Y*: 3.87%
• 10Y*: 2.85%

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

DIA vs. NEAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	7.27%	14.71%	14.82%	16.02%	-7.02%	20.83%	9.59%	24.70%	-3.74%	28.08%
NEAR iShares Short Duration Bond Active ETF	0.79%	5.90%	5.09%	7.42%	0.41%	0.32%	1.39%	3.55%	1.71%	1.41%

Correlation

The correlation between DIA and NEAR is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013	0.05

Over the past year, DIA and NEAR have become more correlated (0.27) than their long-term average of 0.05, meaning their price movements have been converging.

DIA vs. NEAR - Sectors Allocation Comparison

Sectors	DIA	NEAR
Financial Services	27.2%	0.1%
Industrials	18.4%	-
Technology	17.1%	-
Healthcare	13.1%	-
Consumer Cyclical	11.6%	-
Consumer Defensive	4.4%	-
Basic Materials	4.0%	-
Energy	2.4%	-
Communication Services	1.9%	-0.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

DIA vs. NEAR — Risk / Return Rank

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

DIA

DIA Risk / Return Rank: 55
DIA Sharpe Ratio Rank: 57
DIA Sortino Ratio Rank: 60
DIA Omega Ratio Rank: 55
DIA Calmar Ratio Rank: 49
DIA Martin Ratio Rank: 55

NEAR

NEAR Risk / Return Rank: 90
NEAR Sharpe Ratio Rank: 93
NEAR Sortino Ratio Rank: 95
NEAR Omega Ratio Rank: 94
NEAR Calmar Ratio Rank: 79
NEAR Martin Ratio Rank: 88

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.

DIA vs. NEAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) 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.

	DIA	NEAR	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.99	-1.31
Sortino ratio: Return per unit of downside risk	2.46	4.71	-2.25
Omega ratio: Gain probability vs. loss probability	1.30	1.62	-0.32
Calmar ratio: Return relative to maximum drawdown	2.16	3.59	-1.43
Martin ratio: Return relative to average drawdown	8.35	16.36	-8.02

DIA vs. NEAR - Sharpe Ratio Comparison

The current DIA Sharpe Ratio is 1.69, which is lower than the NEAR Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of DIA 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.

Drawdowns

DIA vs. NEAR - Drawdown Comparison

The maximum DIA drawdown since its inception was -51.87%, which is greater than NEAR's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for DIA and NEAR.

Drawdown Indicators

	DIA	NEAR	Difference
Max Drawdown Largest peak-to-trough decline	-51.87%	-9.61%	-42.26%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-1.13%	-8.63%
Max Drawdown (3Y) Largest decline over 3 years	-15.95%	-1.16%	-14.79%
Max Drawdown (5Y) Largest decline over 5 years	-20.76%	-1.32%	-19.44%
Max Drawdown (10Y) Largest decline over 10 years	-36.70%	-9.61%	-27.09%
Current Drawdown Current decline from peak	-0.70%	-0.03%	-0.67%
Average Drawdown Average peak-to-trough decline	-7.14%	-0.16%	-6.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	0.25%	+2.28%

Volatility

DIA vs. NEAR - Volatility Comparison

State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) has a higher volatility of 4.32% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.44%. This indicates that DIA'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

	DIA	NEAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	0.44%	+3.88%
Volatility (6M) Calculated over the trailing 6-month period	9.78%	1.02%	+8.76%
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	1.36%	+11.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.85%	1.34%	+13.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.56%	2.50%	+15.06%

DIA vs. NEAR - Expense Ratio Comparison

DIA has a 0.16% 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

DIA vs. NEAR - Dividend Comparison

DIA's dividend yield for the trailing twelve months is around 1.37%, less than NEAR's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	1.37%	1.43%	1.61%	1.81%	1.91%	1.58%	1.87%	1.85%	2.24%	1.97%	2.26%	2.33%
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 DIA and NEAR in my portfolio?

DIA and NEAR have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIA or NEAR?

DIA has higher volatility (4.32%) compared to NEAR (0.44%). In terms of maximum drawdown, DIA dropped -51.87% vs NEAR's -9.61%.

Which ETF is better, DIA or NEAR?

On 10-year performance, DIA leads with 13.40% vs 2.85% for NEAR. On fees, DIA is cheaper at 0.16% per year. On volatility, NEAR has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIA or NEAR?

Over the 10-year period, DIA has performed better with a 13.40% return vs 2.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIA or NEAR?

DIA is cheaper with a 0.16% expense ratio, compared with 0.25% for NEAR.

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

NEAR has the higher dividend yield at 4.43%, compared with 1.37% for DIA.

What is the main difference between DIA and NEAR?

DIA is categorized as Large Cap Blend Equities, while NEAR is Short-Term Bond. They also come from different issuers: State Street and iShares. Their fees differ too: 0.16% for DIA and 0.25% for NEAR.

Which has better risk-adjusted returns?

NEAR currently has the higher Sharpe Ratio (2.99 vs 1.69), 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.