MATX vs. NEAR
Compare and contrast key facts about Matson, Inc. (MATX) and iShares Short Maturity Bond ETF (NEAR).
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: MATX or NEAR.
Key characteristics
| MATX | NEAR | |
|---|---|---|
| YTD Return | 3.72% | 0.77% |
| 1Y Return | 81.36% | 6.14% |
| 3Y Return (Ann) | 21.93% | 2.83% |
| 5Y Return (Ann) | 25.29% | 2.42% |
| 10Y Return (Ann) | 19.24% | 1.92% |
| Sharpe Ratio | 2.61 | 4.51 |
| Daily Std Dev | 30.21% | 1.38% |
| Max Drawdown | -70.57% | -9.60% |
| Current Drawdown | -7.31% | 0.00% |
Correlation
The correlation between MATX and NEAR is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MATX vs. NEAR - Performance Comparison
In the year-to-date period, MATX achieves a 3.72% return, which is significantly higher than NEAR's 0.77% return. Over the past 10 years, MATX has outperformed NEAR with an annualized return of 19.24%, while NEAR has yielded a comparatively lower 1.92% annualized 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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Risk-Adjusted Performance
MATX vs. NEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Matson, Inc. (MATX) 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
MATX vs. NEAR - Dividend Comparison
MATX's dividend yield for the trailing twelve months is around 1.12%, less than NEAR's 4.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MATX Matson, Inc. | 1.12% | 1.15% | 1.95% | 1.18% | 1.58% | 2.11% | 2.56% | 2.61% | 2.09% | 1.64% | 1.91% | 2.37% |
NEAR iShares Short Maturity Bond ETF | 4.99% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% | 0.15% |
Drawdowns
MATX vs. NEAR - Drawdown Comparison
The maximum MATX drawdown since its inception was -70.57%, which is greater than NEAR's maximum drawdown of -9.60%. Use the drawdown chart below to compare losses from any high point for MATX and NEAR. For additional features, visit the drawdowns tool.
Volatility
MATX vs. NEAR - Volatility Comparison
Matson, Inc. (MATX) has a higher volatility of 9.16% compared to iShares Short Maturity Bond ETF (NEAR) at 0.61%. This indicates that MATX'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.