IDMO vs. NEAR
IDMO (Invesco S&P International Developed Momentum ETF) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while NEAR is a Short-Term Bond fund actively managed by iShares. IDMO is passively managed, while NEAR is actively managed. Over the past 10 years, IDMO returned 12.64%/yr vs 2.85%/yr for NEAR. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
IDMO vs. NEAR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IDMO achieves a 8.17% return, which is significantly higher than NEAR's 0.79% return. Over the past 10 years, IDMO has outperformed NEAR with an annualized return of 12.64%, while NEAR has yielded a comparatively lower 2.85% annualized return.
IDMO
- 1D
- 1.36%
- 1M
- -0.98%
- YTD
- 8.17%
- 6M
- 10.09%
- 1Y
- 24.72%
- 3Y*
- 25.21%
- 5Y*
- 15.50%
- 10Y*
- 12.64%
NEAR
- 1D
- -0.03%
- 1M
- 0.22%
- YTD
- 0.79%
- 6M
- 1.16%
- 1Y
- 4.12%
- 3Y*
- 5.61%
- 5Y*
- 3.87%
- 10Y*
- 2.85%
IDMO vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 8.17% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
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 IDMO and NEAR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.09 |
Over the past year, IDMO and NEAR have become more correlated (0.36) than their long-term average of 0.09, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IDMO vs. NEAR — Risk / Return Rank
IDMO
NEAR
IDMO vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.
| IDMO | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.62 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.59 | -1.70 |
| Martin ratioReturn relative to average drawdown | 7.64 | 16.36 | -8.72 |
Loading charts...
Drawdowns
IDMO vs. NEAR - Drawdown Comparison
The maximum IDMO drawdown since its inception was -39.38%, which is greater than NEAR's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for IDMO and NEAR.
Loading charts...
Drawdown Indicators
| IDMO | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -9.61% | -29.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -1.13% | -11.18% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -1.16% | -11.49% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | -1.32% | -25.75% |
Max Drawdown (10Y)Largest decline over 10 years | -31.34% | -9.61% | -21.73% |
Current DrawdownCurrent decline from peak | -1.92% | -0.03% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -0.16% | -9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 0.25% | +2.79% |
Volatility
IDMO vs. NEAR - Volatility Comparison
Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 7.92% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.44%. This indicates that IDMO'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.
Loading charts...
Volatility by Period
| IDMO | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.92% | 0.44% | +7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | 1.02% | +15.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 1.36% | +16.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 1.34% | +16.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 2.50% | +15.68% |
IDMO vs. NEAR - Expense Ratio Comparison
Both IDMO and NEAR have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IDMO vs. NEAR - Dividend Comparison
IDMO's dividend yield for the trailing twelve months is around 3.52%, less than NEAR's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 3.52% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
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
IDMO and NEAR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (7.92%) compared to NEAR (0.44%). In terms of maximum drawdown, IDMO dropped -39.38% vs NEAR's -9.61%.
On 10-year performance, IDMO leads with 12.64% vs 2.85% for NEAR. Both ETFs have the same 0.25% expense ratio. 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.
Over the 10-year period, IDMO has performed better with a 12.64% return vs 2.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDMO and NEAR have the same expense ratio: 0.25% per year.
NEAR has the higher dividend yield at 4.43%, compared with 3.52% for IDMO.
IDMO is categorized as Momentum, while NEAR is Short-Term Bond. They also come from different issuers: Invesco and iShares.
NEAR currently has the higher Sharpe Ratio (2.99 vs 1.30), 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.
Find the right allocation for IDMO and NEAR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer