NEAR vs. GSY
Compare and contrast key facts about iShares Short Maturity Bond ETF (NEAR) and Invesco Ultra Short Duration ETF (GSY).
NEAR and GSY 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. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEAR or GSY.
Key characteristics
| NEAR | GSY | |
|---|---|---|
| YTD Return | 4.53% | 5.18% |
| 1Y Return | 7.13% | 6.67% |
| 3Y Return (Ann) | 4.06% | 3.66% |
| 5Y Return (Ann) | 2.85% | 2.70% |
| 10Y Return (Ann) | 2.27% | 2.40% |
| Sharpe Ratio | 4.00 | 10.81 |
| Sortino Ratio | 6.46 | 27.33 |
| Omega Ratio | 1.91 | 6.20 |
| Calmar Ratio | 9.92 | 66.44 |
| Martin Ratio | 28.42 | 340.48 |
| Ulcer Index | 0.25% | 0.02% |
| Daily Std Dev | 1.75% | 0.62% |
| Max Drawdown | -9.60% | -12.14% |
| Current Drawdown | -0.41% | 0.00% |
Correlation
The correlation between NEAR and GSY is 0.33, 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.
Performance
NEAR vs. GSY - Performance Comparison
In the year-to-date period, NEAR achieves a 4.53% return, which is significantly lower than GSY's 5.18% return. Over the past 10 years, NEAR has underperformed GSY with an annualized return of 2.27%, while GSY has yielded a comparatively higher 2.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NEAR vs. GSY - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is higher than GSY's 0.22% 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%.
Risk-Adjusted Performance
NEAR vs. GSY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Maturity Bond ETF (NEAR) and Invesco Ultra Short Duration ETF (GSY). 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.
Dividends
NEAR vs. GSY - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 5.15%, less than GSY's 5.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Maturity Bond ETF | 5.15% | 4.58% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% | 0.15% |
GSY Invesco Ultra Short Duration ETF | 5.65% | 4.95% | 1.70% | 0.58% | 1.60% | 2.91% | 2.42% | 2.02% | 1.30% | 1.17% | 1.29% | 1.15% |
Drawdowns
NEAR vs. GSY - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.60%, smaller than the maximum GSY drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for NEAR and GSY. For additional features, visit the drawdowns tool.
Volatility
NEAR vs. GSY - Volatility Comparison
iShares Short Maturity Bond ETF (NEAR) has a higher volatility of 0.40% compared to Invesco Ultra Short Duration ETF (GSY) at 0.13%. This indicates that NEAR's price experiences larger fluctuations and is considered to be riskier than GSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.