IVLU vs. NEAR

Last updated Jun 9, 2026

IVLU (iShares MSCI Intl Value Factor ETF) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value, while NEAR is a Short-Term Bond fund actively managed by iShares. IVLU is passively managed, while NEAR is actively managed. Over the past 10 years, IVLU returned 11.09%/yr vs 2.82%/yr for NEAR. At a 0.09 correlation, their price movements are largely independent. IVLU charges 0.30%/yr vs 0.25%/yr for NEAR.

Performance

IVLU vs. NEAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Value Factor ETF (IVLU) and iShares Short Duration Bond Active ETF (NEAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVLU achieves a 10.99% return, which is significantly higher than NEAR's 0.53% return. Over the past 10 years, IVLU has outperformed NEAR with an annualized return of 11.09%, while NEAR has yielded a comparatively lower 2.82% annualized return.

IVLU

• 1D: 0.45%
• 1M: 0.05%
• YTD: 10.99%
• 6M: 14.55%
• 1Y: 32.63%
• 3Y*: 23.34%
• 5Y*: 13.74%
• 10Y*: 11.09%

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%

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

IVLU vs. NEAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVLU iShares MSCI Intl Value Factor ETF	10.99%	46.09%	6.76%	20.07%	-5.73%	15.60%	-4.50%	15.60%	-15.10%	23.10%
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 IVLU and NEAR is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
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	0.10
Correlation (All Time) Calculated using the full available price history since Jul 16, 2015	0.09

Over the past year, IVLU and NEAR have become more correlated (0.34) than their long-term average of 0.09, meaning their price movements have been converging.

IVLU vs. NEAR - Sectors Allocation Comparison

Sectors	IVLU	NEAR
Financial Services	25.3%	0.1%
Industrials	17.2%	-
Technology	11.3%	-
Healthcare	9.7%	-
Basic Materials	7.5%	-
Consumer Cyclical	7.4%	-
Consumer Defensive	6.3%	-
Energy	5.1%	-
Communication Services	4.0%	-0.0%
Utilities	3.3%	-
Real Estate	1.5%	-

Return for Risk

IVLU vs. NEAR — Risk / Return Rank

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

IVLU

IVLU Risk / Return Rank: 69
IVLU Sharpe Ratio Rank: 73
IVLU Sortino Ratio Rank: 72
IVLU Omega Ratio Rank: 72
IVLU Calmar Ratio Rank: 62
IVLU Martin Ratio Rank: 64

NEAR

NEAR Risk / Return Rank: 89
NEAR Sharpe Ratio Rank: 93
NEAR Sortino Ratio Rank: 95
NEAR Omega Ratio Rank: 94
NEAR Calmar Ratio Rank: 78
NEAR Martin Ratio Rank: 86

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.

IVLU vs. NEAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Value Factor ETF (IVLU) 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.

	IVLU	NEAR	Difference
Sharpe ratio: Return per unit of total volatility	2.14	3.05	-0.91
Sortino ratio: Return per unit of downside risk	2.92	4.80	-1.88
Omega ratio: Gain probability vs. loss probability	1.38	1.63	-0.25
Calmar ratio: Return relative to maximum drawdown	2.80	3.65	-0.85
Martin ratio: Return relative to average drawdown	10.66	16.68	-6.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVLU vs. NEAR - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.14, which is comparable to the NEAR Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of IVLU and NEAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IVLU	NEAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	3.05	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	2.86	-2.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	1.14	-0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	1.08	-0.61

Drawdowns

IVLU vs. NEAR - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, which is greater than NEAR's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for IVLU and NEAR.

Drawdown Indicators

	IVLU	NEAR	Difference
Max Drawdown Largest peak-to-trough decline	-41.85%	-9.61%	-32.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.69%	-1.13%	-10.56%
Max Drawdown (3Y) Largest decline over 3 years	-15.48%	-1.16%	-14.32%
Max Drawdown (5Y) Largest decline over 5 years	-26.04%	-1.32%	-24.72%
Max Drawdown (10Y) Largest decline over 10 years	-41.85%	-9.61%	-32.24%
Current Drawdown Current decline from peak	-2.27%	-0.29%	-1.98%
Average Drawdown Average peak-to-trough decline	-8.59%	-0.16%	-8.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	0.25%	+2.82%

Volatility

IVLU vs. NEAR - Volatility Comparison

iShares MSCI Intl Value Factor ETF (IVLU) has a higher volatility of 4.47% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.40%. This indicates that IVLU'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.

Volatility by Period

	IVLU	NEAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	0.40%	+4.07%
Volatility (6M) Calculated over the trailing 6-month period	12.48%	1.01%	+11.47%
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	1.36%	+13.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	1.34%	+15.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	2.50%	+15.17%

IVLU vs. NEAR - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is higher than NEAR's 0.25% expense ratio.

Dividends

IVLU vs. NEAR - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.34%, less than NEAR's 4.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVLU iShares MSCI Intl Value Factor ETF	3.34%	3.71%	4.46%	4.69%	3.59%	3.47%	2.05%	3.53%	2.82%	2.87%	2.53%	0.93%
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

Can I hold both IVLU and NEAR in my portfolio?

IVLU and NEAR have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVLU or NEAR?

IVLU has higher volatility (4.47%) compared to NEAR (0.40%). In terms of maximum drawdown, IVLU dropped -41.85% vs NEAR's -9.61%.

Which ETF is better, IVLU or NEAR?

On 10-year performance, IVLU leads with 11.09% vs 2.82% for NEAR. On fees, NEAR is cheaper at 0.25% per year. On volatility, NEAR has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVLU or NEAR?

Over the 10-year period, IVLU has performed better with a 11.09% return vs 2.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVLU or NEAR?

NEAR is cheaper with a 0.25% expense ratio, compared with 0.30% for IVLU.

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

NEAR has the higher dividend yield at 4.44%, compared with 3.34% for IVLU.

What is the main difference between IVLU and NEAR?

IVLU is categorized as Foreign Large Cap Equities, while NEAR is Short-Term Bond. Their fees differ too: 0.30% for IVLU and 0.25% for NEAR.

Which has better risk-adjusted returns?

NEAR currently has the higher Sharpe Ratio (3.05 vs 2.14), 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.