NEAR vs. FXAIX
NEAR (iShares Short Duration Bond Active ETF) and FXAIX (Fidelity 500 Index Fund) are both funds - NEAR is a Short-Term Bond fund actively managed by iShares, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. NEAR is actively managed, while FXAIX is passively managed. Over the past 10 years, NEAR returned 2.82%/yr vs 15.25%/yr for FXAIX. At a 0.05 correlation, their price movements are largely independent. NEAR charges 0.25%/yr vs 0.02%/yr for FXAIX.
Performance
NEAR vs. FXAIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NEAR achieves a 0.53% return, which is significantly lower than FXAIX's 8.42% return. Over the past 10 years, NEAR has underperformed FXAIX with an annualized return of 2.82%, while FXAIX has yielded a comparatively higher 15.25% annualized 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%
FXAIX
- 1D
- -2.63%
- 1M
- -0.08%
- YTD
- 8.42%
- 6M
- 8.48%
- 1Y
- 24.54%
- 3Y*
- 21.52%
- 5Y*
- 13.40%
- 10Y*
- 15.25%
NEAR vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 0.53% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 3.55% | 1.71% | 1.41% |
FXAIX Fidelity 500 Index Fund | 8.42% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between NEAR and FXAIX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2013 | 0.05 |
Over the past year, NEAR and FXAIX have become more correlated (0.27) than their long-term average of 0.05, meaning their price movements have been converging.
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. FXAIX — Risk / Return Rank
NEAR
FXAIX
NEAR vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.39 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 2.92 | +0.73 |
| Martin ratioReturn relative to average drawdown | 16.68 | 13.57 | +3.11 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.05 | 2.13 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.86 | 0.79 | +2.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.85 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.81 | +0.27 |
Drawdowns
NEAR vs. FXAIX - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for NEAR and FXAIX.
Loading charts...
Drawdown Indicators
| NEAR | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -33.79% | +24.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -8.89% | +7.76% |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | -18.76% | +17.60% |
Max Drawdown (5Y)Largest decline over 5 years | -1.32% | -24.50% | +23.18% |
Max Drawdown (10Y)Largest decline over 10 years | -9.61% | -33.79% | +24.18% |
Current DrawdownCurrent decline from peak | -0.29% | -2.94% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -3.79% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 1.91% | -1.66% |
Volatility
NEAR vs. FXAIX - Volatility Comparison
The current volatility for iShares Short Duration Bond Active ETF (NEAR) is 0.40%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.81%. This indicates that NEAR experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NEAR | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 3.81% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 9.41% | -8.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 12.19% | -10.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 16.95% | -15.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 18.08% | -15.58% |
NEAR vs. FXAIX - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is higher than FXAIX's 0.02% 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. FXAIX - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.44%, more than FXAIX's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.06% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
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 FXAIX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXAIX has higher volatility (3.81%) compared to NEAR (0.40%). In terms of maximum drawdown, NEAR dropped -9.61% vs FXAIX's -33.79%.
NEAR currently has the higher Sharpe Ratio (3.05 vs 2.13), 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 FXAIX
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