NEAR vs. GARP
NEAR (iShares Short Duration Bond Active ETF) and GARP (iShares MSCI USA Quality GARP ETF) are both exchange-traded funds - NEAR is a Short-Term Bond fund actively managed by iShares, while GARP is a Large Cap Growth Equities fund tracking the MSCI USA Quality GARP Select Index. NEAR is actively managed, while GARP is passively managed. Over the past 5 years, NEAR returned 3.87%/yr vs 18.96%/yr for GARP. At a 0.10 correlation, their price movements are largely independent. NEAR charges 0.25%/yr vs 0.15%/yr for GARP.
Performance
NEAR vs. GARP - Performance Comparison
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Returns By Period
In the year-to-date period, NEAR achieves a 0.79% return, which is significantly lower than GARP's 16.96% return.
NEAR
- 1D
- -0.03%
- 1M
- 0.35%
- YTD
- 0.79%
- 6M
- 1.16%
- 1Y
- 4.12%
- 3Y*
- 5.61%
- 5Y*
- 3.87%
- 10Y*
- 2.85%
GARP
- 1D
- 0.21%
- 1M
- 3.69%
- YTD
- 16.96%
- 6M
- 17.70%
- 1Y
- 38.39%
- 3Y*
- 31.05%
- 5Y*
- 18.96%
- 10Y*
- —
NEAR vs. GARP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 0.79% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.27% |
GARP iShares MSCI USA Quality GARP ETF | 16.96% | 21.49% | 37.42% | 42.86% | -26.75% | 27.99% | 26.51% |
Correlation
The correlation between NEAR and GARP is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020 | 0.10 |
The correlation between NEAR and GARP shifts across timeframes, from 0.09 (5 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NEAR vs. GARP — Risk / Return Rank
NEAR
GARP
NEAR vs. GARP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and iShares MSCI USA Quality GARP ETF (GARP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NEAR | GARP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.33 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 2.65 | +0.94 |
| Martin ratioReturn relative to average drawdown | 16.36 | 10.37 | +6.00 |
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Drawdowns
NEAR vs. GARP - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for NEAR and GARP.
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Drawdown Indicators
| NEAR | GARP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -31.34% | +21.73% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -13.69% | +12.56% |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | -23.73% | +22.57% |
Max Drawdown (5Y)Largest decline over 5 years | -1.32% | -30.61% | +29.29% |
Max Drawdown (10Y)Largest decline over 10 years | -9.61% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -4.27% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -7.35% | +7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 3.49% | -3.24% |
Volatility
NEAR vs. GARP - Volatility Comparison
The current volatility for iShares Short Duration Bond Active ETF (NEAR) is 0.44%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 7.61%. This indicates that NEAR experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAR | GARP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 7.61% | -7.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 15.12% | -14.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 18.79% | -17.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 22.11% | -20.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 23.95% | -21.45% |
NEAR vs. GARP - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is higher than GARP's 0.15% 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. GARP - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.43%, more than GARP's 0.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GARP iShares MSCI USA Quality GARP ETF | 0.26% | 0.31% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Duration Bond Active ETF | 4.43% | 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 GARP have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GARP has higher volatility (7.61%) compared to NEAR (0.44%). In terms of maximum drawdown, NEAR dropped -9.61% vs GARP's -31.34%.
On 5-year performance, GARP leads with 18.96% vs 3.87% for NEAR. On fees, GARP is cheaper at 0.15% per year. On volatility, NEAR has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GARP has performed better with a 18.96% return vs 3.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GARP is cheaper with a 0.15% expense ratio, compared with 0.25% for NEAR.
NEAR has the higher dividend yield at 4.43%, compared with 0.26% for GARP.
NEAR is categorized as Short-Term Bond, while GARP is Large Cap Growth Equities. Their fees differ too: 0.25% for NEAR and 0.15% for GARP.
NEAR currently has the higher Sharpe Ratio (2.99 vs 1.93), 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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