LODI vs. NEAR
LODI (AAM SLC Low Duration Income ETF) and NEAR (iShares Short Duration Bond Active ETF) are both Short-Term Bond funds. Both are actively managed. Over the past year, LODI returned 5.83% vs 4.14% for NEAR. A 0.53 correlation means they provide meaningful diversification when combined. LODI charges 0.15%/yr vs 0.25%/yr for NEAR.
Performance
LODI vs. NEAR - Performance Comparison
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Returns By Period
In the year-to-date period, LODI achieves a 1.87% return, which is significantly higher than NEAR's 0.75% return.
LODI
- 1D
- -0.00%
- 1M
- 0.45%
- YTD
- 1.87%
- 6M
- 2.30%
- 1Y
- 5.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEAR
- 1D
- 0.02%
- 1M
- 0.17%
- YTD
- 0.75%
- 6M
- 1.25%
- 1Y
- 4.14%
- 3Y*
- 5.63%
- 5Y*
- 3.86%
- 10Y*
- 2.85%
LODI vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LODI AAM SLC Low Duration Income ETF | 1.87% | 6.04% | 0.26% |
NEAR iShares Short Duration Bond Active ETF | 0.75% | 5.90% | 0.10% |
Correlation
The correlation between LODI and NEAR is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.53 |
The correlation between LODI and NEAR has been stable across timeframes, ranging from 0.53 to 0.56 - a consistent structural relationship.
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Return for Risk
LODI vs. NEAR — Risk / Return Rank
LODI
NEAR
LODI vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AAM SLC Low Duration Income ETF (LODI) 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.
| LODI | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.64 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 7.82 | 3.67 | +4.15 |
| Martin ratioReturn relative to average drawdown | 20.31 | 16.84 | +3.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LODI | NEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 3.08 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.37 | 1.09 | +1.28 |
Drawdowns
LODI vs. NEAR - Drawdown Comparison
The maximum LODI drawdown since its inception was -1.01%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for LODI and NEAR.
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Drawdown Indicators
| LODI | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.01% | -9.61% | +8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -0.75% | -1.13% | +0.38% |
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 DrawdownCurrent decline from peak | -0.04% | -0.07% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -0.16% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 0.25% | +0.04% |
Volatility
LODI vs. NEAR - Volatility Comparison
The current volatility for AAM SLC Low Duration Income ETF (LODI) is 0.31%, while iShares Short Duration Bond Active ETF (NEAR) has a volatility of 0.37%. This indicates that LODI 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.
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Volatility by Period
| LODI | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 0.37% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 0.99% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 1.36% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.34% | 1.34% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.34% | 2.50% | -0.16% |
LODI vs. NEAR - Expense Ratio Comparison
LODI has a 0.15% expense ratio, which is lower than NEAR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LODI vs. NEAR - Dividend Comparison
LODI's dividend yield for the trailing twelve months is around 4.96%, more than NEAR's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LODI AAM SLC Low Duration Income ETF | 4.96% | 5.11% | 0.38% | 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 | 4.43% | 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
LODI and NEAR have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEAR has higher volatility (0.37%) compared to LODI (0.31%). In terms of maximum drawdown, LODI dropped -1.01% vs NEAR's -9.61%.
On 1-year performance, LODI leads with 5.83% vs 4.14% for NEAR. On fees, LODI is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LODI has performed better with a 5.83% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LODI is cheaper with a 0.15% expense ratio, compared with 0.25% for NEAR.
LODI has the higher dividend yield at 4.96%, compared with 4.43% for NEAR.
They also come from different issuers: AAM and iShares. Their fees differ too: 0.15% for LODI and 0.25% for NEAR.
NEAR currently has the higher Sharpe Ratio (3.08 vs 2.44), 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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