IBHD vs. NEAR

Last updated Jun 24, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - IBHD is a High Yield Bonds fund tracking the Bloomberg 2024 Term High Yield and Income Index, while NEAR is a Short-Term Bond fund actively managed by iShares. IBHD is passively managed, while NEAR is actively managed. IBHD charges 0.35%/yr vs 0.25%/yr for NEAR.

Performance

IBHD vs. NEAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and iShares Short Duration Bond Active ETF (NEAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEAR

• 1D: 0.10%
• 1M: 0.21%
• YTD: 0.73%
• 6M: 0.96%
• 1Y: 3.76%
• 3Y*: 5.52%
• 5Y*: 3.86%
• 10Y*: 2.85%

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

IBHD vs. NEAR - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
NEAR iShares Short Duration Bond Active ETF	0.24%

Return for Risk

IBHD vs. NEAR — Risk / Return Rank

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

IBHD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NEAR

NEAR Risk / Return Rank: 84
NEAR Sharpe Ratio Rank: 88
NEAR Sortino Ratio Rank: 92
NEAR Omega Ratio Rank: 90
NEAR Calmar Ratio Rank: 70
NEAR Martin Ratio Rank: 80

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.

IBHD vs. NEAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) 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.

	IBHD	NEAR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.73	—
Sortino ratio: Return per unit of downside risk	—	4.19	—
Omega ratio: Gain probability vs. loss probability	—	1.55	—
Calmar ratio: Return relative to maximum drawdown	—	3.33	—
Martin ratio: Return relative to average drawdown	—	15.13	—

Drawdowns

IBHD vs. NEAR - Drawdown Comparison

The maximum IBHD drawdown since its inception was 0.00%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for IBHD and NEAR.

Drawdown Indicators

	IBHD	NEAR	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-9.61%	+9.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.13%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-1.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-9.61%	—
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	0.00%	-0.16%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.25%	—

Volatility

Volatility by Period

	IBHD	NEAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	1.39%	-1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	1.35%	-1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	2.50%	-2.50%

IBHD vs. NEAR - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is higher than NEAR's 0.25% expense ratio.

Dividends

IBHD vs. NEAR - Dividend Comparison

IBHD has not paid dividends to shareholders, while NEAR's dividend yield for the trailing twelve months is around 4.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	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

Which ETF is better, IBHD or NEAR?

On fees, NEAR is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHD or NEAR?

NEAR is cheaper with a 0.25% expense ratio, compared with 0.35% for IBHD.

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

NEAR has the higher dividend yield at 4.44%, compared with 0.00% for IBHD.

What is the main difference between IBHD and NEAR?

IBHD is categorized as High Yield Bonds, while NEAR is Short-Term Bond. Their fees differ too: 0.35% for IBHD and 0.25% for NEAR.