IBHD vs. NEAR
Compare and contrast key facts about iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and iShares Short Maturity Bond ETF (NEAR).
IBHD and NEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019. 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: IBHD or NEAR.
Key characteristics
| IBHD | NEAR | |
|---|---|---|
| YTD Return | 5.24% | 4.39% |
| 1Y Return | 6.91% | 6.51% |
| 3Y Return (Ann) | 4.10% | 4.03% |
| 5Y Return (Ann) | 4.02% | 2.82% |
| Sharpe Ratio | 4.02 | 3.96 |
| Sortino Ratio | 6.23 | 6.37 |
| Omega Ratio | 2.02 | 1.90 |
| Calmar Ratio | 13.18 | 9.86 |
| Martin Ratio | 76.20 | 27.31 |
| Ulcer Index | 0.09% | 0.25% |
| Daily Std Dev | 1.69% | 1.76% |
| Max Drawdown | -20.11% | -9.60% |
| Current Drawdown | -0.02% | -0.55% |
Correlation
The correlation between IBHD and NEAR is 0.12, 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
IBHD vs. NEAR - Performance Comparison
In the year-to-date period, IBHD achieves a 5.24% return, which is significantly higher than NEAR's 4.39% return. 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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IBHD vs. NEAR - Expense Ratio Comparison
IBHD has a 0.35% expense ratio, which is higher than NEAR's 0.25% expense ratio.
Risk-Adjusted Performance
IBHD vs. NEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) 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
IBHD vs. NEAR - Dividend Comparison
IBHD's dividend yield for the trailing twelve months is around 6.27%, more than NEAR's 5.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.27% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Maturity Bond ETF | 5.16% | 4.58% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% | 0.15% |
Drawdowns
IBHD vs. NEAR - Drawdown Comparison
The maximum IBHD drawdown since its inception was -20.11%, which is greater than NEAR's maximum drawdown of -9.60%. Use the drawdown chart below to compare losses from any high point for IBHD and NEAR. For additional features, visit the drawdowns tool.
Volatility
IBHD vs. NEAR - Volatility Comparison
The current volatility for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) is 0.24%, while iShares Short Maturity Bond ETF (NEAR) has a volatility of 0.46%. This indicates that IBHD 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.