FPURX vs. NEAR
FPURX (Fidelity Puritan Fund) and NEAR (iShares Short Duration Bond Active ETF) are both funds - FPURX is a Diversified Portfolio fund actively managed by Fidelity, while NEAR is a Short-Term Bond fund actively managed by iShares. Both are actively managed. Over the past 10 years, FPURX returned 11.26%/yr vs 2.82%/yr for NEAR. At a 0.10 correlation, their price movements are largely independent. FPURX charges 0.50%/yr vs 0.25%/yr for NEAR.
Performance
FPURX vs. NEAR - Performance Comparison
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Returns By Period
In the year-to-date period, FPURX achieves a 7.88% return, which is significantly higher than NEAR's 0.53% return. Over the past 10 years, FPURX has outperformed NEAR with an annualized return of 11.26%, while NEAR has yielded a comparatively lower 2.82% annualized return.
FPURX
- 1D
- -2.61%
- 1M
- 0.00%
- YTD
- 7.88%
- 6M
- 7.79%
- 1Y
- 20.33%
- 3Y*
- 16.40%
- 5Y*
- 9.00%
- 10Y*
- 11.26%
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%
FPURX vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPURX Fidelity Puritan Fund | 7.88% | 12.22% | 18.94% | 20.20% | -17.35% | 18.92% | 20.58% | 21.27% | -4.18% | 18.28% |
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 FPURX and NEAR is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2013 | 0.10 |
Over the past year, FPURX and NEAR have become more correlated (0.32) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
FPURX vs. NEAR — Risk / Return Rank
FPURX
NEAR
FPURX vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Puritan Fund (FPURX) 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.
| FPURX | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.63 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 3.65 | -0.78 |
| Martin ratioReturn relative to average drawdown | 12.71 | 16.68 | -3.97 |
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
| FPURX | NEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 3.05 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 2.86 | -2.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 1.14 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.08 | -0.35 |
Drawdowns
FPURX vs. NEAR - Drawdown Comparison
The maximum FPURX drawdown since its inception was -31.76%, which is greater than NEAR's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for FPURX and NEAR.
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Drawdown Indicators
| FPURX | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.76% | -9.61% | -22.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -1.13% | -6.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -1.16% | -15.35% |
Max Drawdown (5Y)Largest decline over 5 years | -22.53% | -1.32% | -21.21% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | -9.61% | -14.32% |
Current DrawdownCurrent decline from peak | -2.61% | -0.29% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -0.16% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 0.25% | +1.38% |
Volatility
FPURX vs. NEAR - Volatility Comparison
Fidelity Puritan Fund (FPURX) has a higher volatility of 3.95% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.40%. This indicates that FPURX'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
| FPURX | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 0.40% | +3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.26% | 1.01% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.12% | 1.36% | +8.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.32% | 1.34% | +11.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.12% | 2.50% | +10.62% |
FPURX vs. NEAR - Expense Ratio Comparison
FPURX has a 0.50% expense ratio, which is higher than NEAR's 0.25% expense ratio.
Dividends
FPURX vs. NEAR - Dividend Comparison
FPURX's dividend yield for the trailing twelve months is around 6.33%, more than NEAR's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPURX Fidelity Puritan Fund | 6.32% | 6.83% | 11.30% | 5.34% | 9.38% | 13.10% | 5.10% | 4.29% | 15.26% | 3.78% | 3.71% | 7.49% |
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
FPURX and NEAR have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPURX has higher volatility (3.95%) compared to NEAR (0.40%). In terms of maximum drawdown, FPURX dropped -31.76% vs NEAR's -9.61%.
NEAR currently has the higher Sharpe Ratio (3.05 vs 2.05), 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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