NEAR vs. AVSF
NEAR (iShares Short Duration Bond Active ETF) and AVSF (Avantis Short-Term Fixed Income ETF) are both Short-Term Bond funds. Both are actively managed. Over the past 5 years, NEAR returned 3.86%/yr vs 1.83%/yr for AVSF. A 0.67 correlation means they provide meaningful diversification when combined. NEAR charges 0.25%/yr vs 0.15%/yr for AVSF.
Performance
NEAR vs. AVSF - Performance Comparison
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Returns By Period
In the year-to-date period, NEAR achieves a 0.73% return, which is significantly higher than AVSF's 0.43% return.
NEAR
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 0.73%
- 6M
- 1.15%
- 1Y
- 4.31%
- 3Y*
- 5.64%
- 5Y*
- 3.86%
- 10Y*
- 2.85%
AVSF
- 1D
- -0.09%
- 1M
- 0.10%
- YTD
- 0.43%
- 6M
- 0.72%
- 1Y
- 4.02%
- 3Y*
- 4.80%
- 5Y*
- 1.83%
- 10Y*
- —
NEAR vs. AVSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 0.73% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 0.35% |
AVSF Avantis Short-Term Fixed Income ETF | 0.43% | 6.57% | 3.81% | 5.25% | -5.52% | -1.17% | 0.53% |
Correlation
The correlation between NEAR and AVSF is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.67 |
Over the past year, NEAR and AVSF have become more correlated (0.87) than their long-term average of 0.67, meaning their price movements have been converging.
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Return for Risk
NEAR vs. AVSF — Risk / Return Rank
NEAR
AVSF
NEAR vs. AVSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and Avantis Short-Term Fixed Income ETF (AVSF). 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.
| NEAR | AVSF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.40 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 2.85 | +0.96 |
| Martin ratioReturn relative to average drawdown | 17.49 | 10.80 | +6.69 |
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
| NEAR | AVSF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 2.15 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.90 | 0.69 | +2.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.66 | +0.42 |
Drawdowns
NEAR vs. AVSF - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, which is greater than AVSF's maximum drawdown of -8.85%. Use the drawdown chart below to compare losses from any high point for NEAR and AVSF.
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Drawdown Indicators
| NEAR | AVSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -8.85% | -0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -1.42% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | -1.42% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -1.32% | -8.85% | +7.53% |
Max Drawdown (10Y)Largest decline over 10 years | -9.61% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.55% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -2.20% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.37% | -0.12% |
Volatility
NEAR vs. AVSF - Volatility Comparison
The current volatility for iShares Short Duration Bond Active ETF (NEAR) is 0.37%, while Avantis Short-Term Fixed Income ETF (AVSF) has a volatility of 0.56%. This indicates that NEAR experiences smaller price fluctuations and is considered to be less risky than AVSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAR | AVSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.56% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 1.35% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 1.88% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 2.65% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 2.52% | -0.02% |
NEAR vs. AVSF - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is higher than AVSF's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
NEAR vs. AVSF - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.44%, more than AVSF's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVSF Avantis Short-Term Fixed Income ETF | 4.02% | 4.31% | 4.34% | 3.93% | 1.78% | 0.48% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
NEAR and AVSF have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVSF has higher volatility (0.56%) compared to NEAR (0.37%). In terms of maximum drawdown, NEAR dropped -9.61% vs AVSF's -8.85%.
On 5-year performance, NEAR leads with 3.86% vs 1.83% for AVSF. On fees, AVSF is cheaper at 0.15% per year. On volatility, NEAR has been the lower-risk option at 0.37%. 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 3.86% return vs 1.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVSF is cheaper with a 0.15% expense ratio, compared with 0.25% for NEAR.
NEAR has the higher dividend yield at 4.44%, compared with 4.02% for AVSF.
They also come from different issuers: iShares and Avantis. Their fees differ too: 0.25% for NEAR and 0.15% for AVSF.
NEAR currently has the higher Sharpe Ratio (3.18 vs 2.15), 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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