NEAR vs. IBDP
NEAR (iShares Short Duration Bond Active ETF) and IBDP (iShares iBonds Dec 2024 Term Corporate ETF) are both exchange-traded funds - NEAR is a Short-Term Bond fund actively managed by iShares, while IBDP is a Corporate Bonds fund tracking the Bloomberg December 2024 Maturity Corporate Index. NEAR is actively managed, while IBDP is passively managed. At a 0.17 correlation, their price movements are largely independent. NEAR charges 0.25%/yr vs 0.10%/yr for IBDP.
Performance
NEAR vs. IBDP - Performance Comparison
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Returns By Period
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%
IBDP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEAR vs. IBDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 0.73% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 3.55% | 1.71% | 1.41% |
IBDP iShares iBonds Dec 2024 Term Corporate ETF | 0.00% | 0.00% | 5.02% | 5.16% | -3.89% | -0.64% | 6.14% | 11.00% | -1.37% | 5.61% |
Correlation
The correlation between NEAR and IBDP is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2015 | 0.17 |
The correlation between NEAR and IBDP shifts across timeframes, from 0.16 (3 years) to 0.26 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NEAR vs. IBDP — Risk / Return Rank
NEAR
IBDP
NEAR vs. IBDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and iShares iBonds Dec 2024 Term Corporate ETF (IBDP). 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 | IBDP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.66 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | — | — |
| Martin ratioReturn relative to average drawdown | 17.49 | — | — |
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 | IBDP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | — | — |
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 | — | — |
Drawdowns
NEAR vs. IBDP - Drawdown Comparison
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Drawdown Indicators
| NEAR | IBDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | — | — |
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% | — | — |
Average DrawdownAverage peak-to-trough decline | -0.16% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | — | — |
Volatility
NEAR vs. IBDP - Volatility Comparison
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Volatility by Period
| NEAR | IBDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | — | — |
NEAR vs. IBDP - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is higher than IBDP's 0.10% 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. IBDP - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.44%, while IBDP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDP iShares iBonds Dec 2024 Term Corporate ETF | 0.00% | 0.00% | 3.93% | 3.01% | 2.06% | 1.86% | 2.51% | 3.15% | 3.35% | 3.15% | 3.23% | 3.74% |
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 IBDP have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBDP is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBDP is cheaper with a 0.10% expense ratio, compared with 0.25% for NEAR.
NEAR has the higher dividend yield at 4.44%, compared with 0.00% for IBDP.
NEAR is categorized as Short-Term Bond, while IBDP is Corporate Bonds. Their fees differ too: 0.25% for NEAR and 0.10% for IBDP.
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