JPIB vs. NEAR
JPIB (JPMorgan International Bond Opportunities ETF) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - JPIB is a Global Bonds fund actively managed by JPMorgan, while NEAR is a Short-Term Bond fund actively managed by iShares. Both are actively managed. Over the past 5 years, JPIB returned 2.76%/yr vs 3.87%/yr for NEAR. At a 0.34 correlation, their price movements are largely independent. JPIB charges 0.50%/yr vs 0.25%/yr for NEAR.
Performance
JPIB vs. NEAR - Performance Comparison
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Returns By Period
In the year-to-date period, JPIB achieves a 1.10% return, which is significantly higher than NEAR's 0.79% return.
JPIB
- 1D
- 0.17%
- 1M
- 1.08%
- YTD
- 1.10%
- 6M
- 1.62%
- 1Y
- 5.24%
- 3Y*
- 5.93%
- 5Y*
- 2.76%
- 10Y*
- —
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%
JPIB vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 1.10% | 8.19% | 3.48% | 8.68% | -6.38% | 0.14% | 7.14% | 10.76% | -2.17% | 2.61% |
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% | 0.64% |
Correlation
The correlation between JPIB and NEAR is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2017 | 0.34 |
Over the past year, JPIB and NEAR have become more correlated (0.62) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
JPIB vs. NEAR — Risk / Return Rank
JPIB
NEAR
JPIB vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) 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.
| JPIB | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.62 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 3.59 | -2.30 |
| Martin ratioReturn relative to average drawdown | 4.42 | 16.36 | -11.94 |
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Drawdowns
JPIB vs. NEAR - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, which is greater than NEAR's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for JPIB and NEAR.
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Drawdown Indicators
| JPIB | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -9.61% | -3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -1.13% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -1.16% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | -1.32% | -10.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.61% | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.03% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -0.16% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.25% | +0.84% |
Volatility
JPIB vs. NEAR - Volatility Comparison
JPMorgan International Bond Opportunities ETF (JPIB) has a higher volatility of 1.19% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.44%. This indicates that JPIB'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.
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Volatility by Period
| JPIB | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.44% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 1.02% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 1.36% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 1.34% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 2.50% | +1.94% |
JPIB vs. NEAR - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is higher than NEAR's 0.25% expense ratio.
Dividends
JPIB vs. NEAR - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 5.00%, more than NEAR's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 5.00% | 4.85% | 4.57% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 1.81% | 0.00% | 0.00% |
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
JPIB and NEAR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPIB has higher volatility (1.19%) compared to NEAR (0.44%). In terms of maximum drawdown, JPIB dropped -13.13% vs NEAR's -9.61%.
On 5-year performance, NEAR leads with 3.87% vs 2.76% for JPIB. On fees, NEAR is cheaper at 0.25% per year. 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 5-year period, NEAR has performed better with a 3.87% return vs 2.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NEAR is cheaper with a 0.25% expense ratio, compared with 0.50% for JPIB.
JPIB has the higher dividend yield at 5.00%, compared with 4.43% for NEAR.
JPIB is categorized as Global Bonds, while NEAR is Short-Term Bond. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.50% for JPIB and 0.25% for NEAR.
NEAR currently has the higher Sharpe Ratio (2.99 vs 1.36), 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.
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