NEAR vs. FLOT
Compare and contrast key facts about iShares Short Duration Bond Active ETF (NEAR) and iShares Floating Rate Bond ETF (FLOT).
NEAR and FLOT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013. FLOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Jun 14, 2011.
Performance
NEAR vs. FLOT - Performance Comparison
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NEAR vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 0.17% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 3.55% | 1.71% | 1.41% |
FLOT iShares Floating Rate Bond ETF | 0.74% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
Returns By Period
In the year-to-date period, NEAR achieves a 0.17% return, which is significantly lower than FLOT's 0.74% return. Both investments have delivered pretty close results over the past 10 years, with NEAR having a 2.83% annualized return and FLOT not far ahead at 2.97%.
NEAR
- 1D
- 0.01%
- 1M
- -0.48%
- YTD
- 0.17%
- 6M
- 1.24%
- 1Y
- 4.48%
- 3Y*
- 5.76%
- 5Y*
- 3.78%
- 10Y*
- 2.83%
FLOT
- 1D
- -0.10%
- 1M
- 0.10%
- YTD
- 0.74%
- 6M
- 1.86%
- 1Y
- 4.44%
- 3Y*
- 5.87%
- 5Y*
- 4.01%
- 10Y*
- 2.97%
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NEAR vs. FLOT - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is higher than FLOT's 0.20% 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%.
Return for Risk
NEAR vs. FLOT — Risk / Return Rank
NEAR
FLOT
NEAR vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and iShares Floating Rate Bond ETF (FLOT). 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 | FLOT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 2.10 | +0.28 |
Sortino ratioReturn per unit of downside risk | 3.56 | 2.64 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.95 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | 3.92 | 2.88 | +1.04 |
Martin ratioReturn relative to average drawdown | 15.10 | 22.41 | -7.32 |
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 | FLOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.10 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.89 | 2.27 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.72 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.64 | +0.43 |
Correlation
The correlation between NEAR and FLOT is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NEAR vs. FLOT - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.50%, less than FLOT's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 4.50% | 4.54% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% |
FLOT iShares Floating Rate Bond ETF | 4.68% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
Drawdowns
NEAR vs. FLOT - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for NEAR and FLOT.
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Drawdown Indicators
| NEAR | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -13.54% | +3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.16% | -1.57% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -1.32% | -2.36% | +1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -9.61% | -13.54% | +3.93% |
Current DrawdownCurrent decline from peak | -0.64% | -0.16% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.21% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.20% | +0.10% |
Volatility
NEAR vs. FLOT - Volatility Comparison
iShares Short Duration Bond Active ETF (NEAR) has a higher volatility of 0.62% compared to iShares Floating Rate Bond ETF (FLOT) at 0.50%. This indicates that NEAR's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAR | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.50% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.93% | 0.61% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.88% | 2.12% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.32% | 1.77% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.49% | 4.15% | -1.66% |