NEAR vs. BSV
NEAR (iShares Short Duration Bond Active ETF) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both Short-Term Bond funds. NEAR is actively managed, while BSV is passively managed. Over the past 10 years, NEAR returned 2.85%/yr vs 1.95%/yr for BSV. At a 0.44 correlation, their price movements are largely independent. NEAR charges 0.25%/yr vs 0.03%/yr for BSV.
Performance
NEAR vs. BSV - 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 BSV's 0.29% return. Over the past 10 years, NEAR has outperformed BSV with an annualized return of 2.85%, while BSV has yielded a comparatively lower 1.95% annualized 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%
BSV
- 1D
- -0.08%
- 1M
- 0.06%
- YTD
- 0.29%
- 6M
- 0.52%
- 1Y
- 3.68%
- 3Y*
- 4.41%
- 5Y*
- 1.62%
- 10Y*
- 1.95%
NEAR vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 0.73% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 3.55% | 1.71% | 1.41% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.29% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 4.98% | 1.34% | 1.20% |
Correlation
The correlation between NEAR and BSV is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2013 | 0.44 |
Over the past year, NEAR and BSV have become more correlated (0.88) than their long-term average of 0.44, meaning their price movements have been converging.
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Return for Risk
NEAR vs. BSV — Risk / Return Rank
NEAR
BSV
NEAR vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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 | BSV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.39 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 2.87 | +0.94 |
| Martin ratioReturn relative to average drawdown | 17.49 | 10.07 | +7.42 |
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 | BSV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 2.05 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.90 | 0.60 | +2.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.83 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.85 | +0.23 |
Drawdowns
NEAR vs. BSV - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for NEAR and BSV.
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Drawdown Indicators
| NEAR | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -8.54% | -1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -1.29% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | -1.53% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -1.32% | -8.54% | +7.22% |
Max Drawdown (10Y)Largest decline over 10 years | -9.61% | -8.54% | -1.07% |
Current DrawdownCurrent decline from peak | -0.09% | -0.63% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.97% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.37% | -0.12% |
Volatility
NEAR vs. BSV - Volatility Comparison
The current volatility for iShares Short Duration Bond Active ETF (NEAR) is 0.37%, while Vanguard Short-Term Bond Index Fund ETF Shares (BSV) has a volatility of 0.52%. This indicates that NEAR experiences smaller price fluctuations and is considered to be less risky than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAR | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.52% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 1.26% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 1.81% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 2.72% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 2.37% | +0.13% |
NEAR vs. BSV - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is higher than BSV's 0.03% 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. BSV - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.44%, more than BSV's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 4.00% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
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 BSV have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSV has higher volatility (0.52%) compared to NEAR (0.37%). In terms of maximum drawdown, NEAR dropped -9.61% vs BSV's -8.54%.
On 10-year performance, NEAR leads with 2.85% vs 1.95% for BSV. On fees, BSV is cheaper at 0.03% 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 10-year period, NEAR has performed better with a 2.85% return vs 1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSV is cheaper with a 0.03% expense ratio, compared with 0.25% for NEAR.
NEAR has the higher dividend yield at 4.44%, compared with 4.00% for BSV.
They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for NEAR and 0.03% for BSV.
NEAR currently has the higher Sharpe Ratio (3.18 vs 2.05), 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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