NEAR vs. CGSD
NEAR (iShares Short Duration Bond Active ETF) and CGSD (Capital Group Short Duration Income ETF) are both Short-Term Bond funds. Both are actively managed. Over the past 3 years, NEAR returned 5.64%/yr vs 5.21%/yr for CGSD. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
NEAR vs. CGSD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NEAR having a 0.73% return and CGSD slightly lower at 0.70%.
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%
CGSD
- 1D
- -0.10%
- 1M
- 0.14%
- YTD
- 0.70%
- 6M
- 1.09%
- 1Y
- 4.30%
- 3Y*
- 5.21%
- 5Y*
- —
- 10Y*
- —
NEAR vs. CGSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 0.73% | 5.90% | 5.09% | 7.42% | 1.09% |
CGSD Capital Group Short Duration Income ETF | 0.70% | 6.11% | 5.46% | 5.03% | 1.32% |
Correlation
The correlation between NEAR and CGSD is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.67 |
The correlation between NEAR and CGSD shifts across timeframes, from 0.67 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NEAR vs. CGSD — Risk / Return Rank
NEAR
CGSD
NEAR vs. CGSD - 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 Short Duration Income ETF (CGSD). 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 | CGSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.61 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 3.88 | -0.07 |
| Martin ratioReturn relative to average drawdown | 17.49 | 18.36 | -0.87 |
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 | CGSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 2.94 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.90 | — | — |
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 | 2.41 | -1.32 |
Drawdowns
NEAR vs. CGSD - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, which is greater than CGSD's maximum drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for NEAR and CGSD.
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Drawdown Indicators
| NEAR | CGSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -1.75% | -7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -1.11% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | -1.11% | -0.05% |
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 | -0.09% | -0.14% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.28% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.23% | +0.02% |
Volatility
NEAR vs. CGSD - Volatility Comparison
The current volatility for iShares Short Duration Bond Active ETF (NEAR) is 0.37%, while Capital Group Short Duration Income ETF (CGSD) has a volatility of 0.39%. This indicates that NEAR experiences smaller price fluctuations and is considered to be less risky than CGSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAR | CGSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.39% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 1.01% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 1.47% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 2.16% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 2.16% | +0.34% |
NEAR vs. CGSD - Expense Ratio Comparison
Both NEAR and CGSD have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
NEAR vs. CGSD - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.44%, which matches CGSD's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 4.46% | 4.48% | 4.57% | 4.43% | 0.64% | 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 CGSD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGSD has higher volatility (0.39%) compared to NEAR (0.37%). In terms of maximum drawdown, NEAR dropped -9.61% vs CGSD's -1.75%.
On 3-year performance, NEAR leads with 5.64% vs 5.21% for CGSD. Both ETFs have the same 0.25% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NEAR has performed better with a 5.64% return vs 5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NEAR and CGSD have the same expense ratio: 0.25% per year.
CGSD has the higher dividend yield at 4.46%, compared with 4.44% for NEAR.
They also come from different issuers: iShares and Capital Group.
NEAR currently has the higher Sharpe Ratio (3.18 vs 2.94), 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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