IBDP vs. NEAR
Compare and contrast key facts about iShares iBonds Dec 2024 Term Corporate ETF (IBDP) and iShares Short Maturity Bond ETF (NEAR).
IBDP and NEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDP is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2024 Maturity Corporate Index. It was launched on Mar 11, 2015. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBDP or NEAR.
Key characteristics
| IBDP | NEAR | |
|---|---|---|
| YTD Return | 4.56% | 4.53% |
| 1Y Return | 5.78% | 7.13% |
| 3Y Return (Ann) | 1.70% | 4.06% |
| 5Y Return (Ann) | 2.42% | 2.85% |
| Sharpe Ratio | 10.96 | 4.00 |
| Sortino Ratio | 28.35 | 6.46 |
| Omega Ratio | 7.01 | 1.91 |
| Calmar Ratio | 5.19 | 9.92 |
| Martin Ratio | 388.56 | 28.42 |
| Ulcer Index | 0.01% | 0.25% |
| Daily Std Dev | 0.53% | 1.75% |
| Max Drawdown | -17.06% | -9.60% |
| Current Drawdown | 0.00% | -0.41% |
Correlation
The correlation between IBDP and NEAR is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IBDP vs. NEAR - Performance Comparison
The year-to-date returns for both stocks are quite close, with IBDP having a 4.56% return and NEAR slightly lower at 4.53%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBDP vs. NEAR - Expense Ratio Comparison
IBDP has a 0.10% 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%.
Risk-Adjusted Performance
IBDP vs. NEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Corporate ETF (IBDP) and iShares Short Maturity Bond 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.
Dividends
IBDP vs. NEAR - Dividend Comparison
IBDP's dividend yield for the trailing twelve months is around 4.08%, less than NEAR's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDP iShares iBonds Dec 2024 Term Corporate ETF | 4.08% | 3.01% | 2.06% | 1.86% | 2.51% | 3.15% | 3.34% | 3.15% | 3.23% | 2.53% | 0.00% | 0.00% |
NEAR iShares Short Maturity Bond ETF | 5.15% | 4.58% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% | 0.15% |
Drawdowns
IBDP vs. NEAR - Drawdown Comparison
The maximum IBDP drawdown since its inception was -17.06%, which is greater than NEAR's maximum drawdown of -9.60%. Use the drawdown chart below to compare losses from any high point for IBDP and NEAR. For additional features, visit the drawdowns tool.
Volatility
IBDP vs. NEAR - Volatility Comparison
The current volatility for iShares iBonds Dec 2024 Term Corporate ETF (IBDP) is 0.09%, while iShares Short Maturity Bond ETF (NEAR) has a volatility of 0.40%. This indicates that IBDP experiences smaller price fluctuations and is considered to be less risky than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.