NEAR vs. CGCB
NEAR (iShares Short Duration Bond Active ETF) and CGCB (Capital Group Core Bond ETF) are both exchange-traded funds - NEAR is a Short-Term Bond fund actively managed by iShares, while CGCB is a Intermediate Core Bond fund actively managed by Capital Group. Both are actively managed. Over the past year, NEAR returned 4.12% vs 4.90% for CGCB. A 0.74 correlation means they provide meaningful diversification when combined. NEAR charges 0.25%/yr vs 0.27%/yr for CGCB.
Performance
NEAR vs. CGCB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NEAR achieves a 0.53% return, which is significantly higher than CGCB's -0.30% return.
NEAR
- 1D
- -0.02%
- 1M
- -0.18%
- YTD
- 0.53%
- 6M
- 1.05%
- 1Y
- 4.12%
- 3Y*
- 5.54%
- 5Y*
- 3.81%
- 10Y*
- 2.82%
CGCB
- 1D
- 0.00%
- 1M
- -0.77%
- YTD
- -0.30%
- 6M
- 0.15%
- 1Y
- 4.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEAR vs. CGCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 0.53% | 5.90% | 5.09% | 3.25% |
CGCB Capital Group Core Bond ETF | -0.30% | 7.29% | 1.44% | 6.80% |
Correlation
The correlation between NEAR and CGCB is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023 | 0.74 |
The correlation between NEAR and CGCB has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NEAR vs. CGCB — Risk / Return Rank
NEAR
CGCB
NEAR vs. CGCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and Capital Group Core Bond ETF (CGCB). 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 | CGCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.22 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 1.65 | +2.00 |
| Martin ratioReturn relative to average drawdown | 16.68 | 4.88 | +11.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NEAR | CGCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.05 | 1.26 | +1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.86 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 1.05 | +0.03 |
Drawdowns
NEAR vs. CGCB - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, which is greater than CGCB's maximum drawdown of -5.17%. Use the drawdown chart below to compare losses from any high point for NEAR and CGCB.
Loading charts...
Drawdown Indicators
| NEAR | CGCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -5.17% | -4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -2.98% | +1.85% |
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 | -0.29% | -2.17% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -1.35% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 1.01% | -0.76% |
Volatility
NEAR vs. CGCB - Volatility Comparison
The current volatility for iShares Short Duration Bond Active ETF (NEAR) is 0.40%, while Capital Group Core Bond ETF (CGCB) has a volatility of 1.26%. This indicates that NEAR experiences smaller price fluctuations and is considered to be less risky than CGCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NEAR | CGCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 1.26% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 2.83% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 3.91% | -2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 5.38% | -4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 5.38% | -2.88% |
NEAR vs. CGCB - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is lower than CGCB's 0.27% 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
NEAR vs. CGCB - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.44%, more than CGCB's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGCB Capital Group Core Bond ETF | 4.24% | 4.22% | 3.99% | 0.95% | 0.00% | 0.00% | 0.00% | 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 CGCB have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGCB has higher volatility (1.26%) compared to NEAR (0.40%). In terms of maximum drawdown, NEAR dropped -9.61% vs CGCB's -5.17%.
On 1-year performance, CGCB leads with 4.90% vs 4.12% for NEAR. On fees, NEAR is cheaper at 0.25% per year. On volatility, NEAR has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CGCB has performed better with a 4.90% return vs 4.12%. 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 0.27% for CGCB.
NEAR has the higher dividend yield at 4.44%, compared with 4.24% for CGCB.
NEAR is categorized as Short-Term Bond, while CGCB is Intermediate Core Bond. They also come from different issuers: iShares and Capital Group. Their fees differ too: 0.25% for NEAR and 0.27% for CGCB.
NEAR currently has the higher Sharpe Ratio (3.05 vs 1.26), 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.
Find the right allocation for NEAR and CGCB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer