NEAR vs. IBHD

Last updated Jun 23, 2026

NEAR (iShares Short Duration Bond Active ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both exchange-traded funds - NEAR is a Short-Term Bond fund actively managed by iShares, while IBHD is a High Yield Bonds fund tracking the Bloomberg 2024 Term High Yield and Income Index. NEAR is actively managed, while IBHD is passively managed. NEAR charges 0.25%/yr vs 0.35%/yr for IBHD.

Performance

NEAR vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Short Duration Bond Active ETF (NEAR) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NEAR

• 1D: -0.10%
• 1M: 0.11%
• YTD: 0.63%
• 6M: 0.83%
• 1Y: 3.79%
• 3Y*: 5.48%
• 5Y*: 3.84%
• 10Y*: 2.84%

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NEAR vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
NEAR iShares Short Duration Bond Active ETF	0.14%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Return for Risk

NEAR vs. IBHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NEAR

NEAR Risk / Return Rank: 84
NEAR Sharpe Ratio Rank: 88
NEAR Sortino Ratio Rank: 92
NEAR Omega Ratio Rank: 91
NEAR Calmar Ratio Rank: 69
NEAR Martin Ratio Rank: 80

IBHD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NEAR vs. IBHD - 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 2024 Term High Yield & Income ETF (IBHD). 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	IBHD	Difference
Sharpe ratio: Return per unit of total volatility	2.75	—	—
Sortino ratio: Return per unit of downside risk	4.22	—	—
Omega ratio: Gain probability vs. loss probability	1.56	—	—
Calmar ratio: Return relative to maximum drawdown	3.36	—	—
Martin ratio: Return relative to average drawdown	15.26	—	—

Drawdowns

NEAR vs. IBHD - Drawdown Comparison

The maximum NEAR drawdown since its inception was -9.61%, which is greater than IBHD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for NEAR and IBHD.

Drawdown Indicators

	NEAR	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-9.61%	0.00%	-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 Drawdown Current decline from peak	-0.24%	0.00%	-0.24%
Average Drawdown Average peak-to-trough decline	-0.16%	0.00%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	—	—

Volatility

Volatility by Period

	NEAR	IBHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.39%	0.00%	+1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.35%	0.00%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.50%	0.00%	+2.50%

NEAR vs. IBHD - Expense Ratio Comparison

NEAR has a 0.25% expense ratio, which is lower than IBHD's 0.35% expense ratio.

Dividends

NEAR vs. IBHD - Dividend Comparison

NEAR's dividend yield for the trailing twelve months is around 4.44%, while IBHD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Which ETF is better, NEAR or IBHD?

On fees, NEAR is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NEAR or IBHD?

NEAR is cheaper with a 0.25% expense ratio, compared with 0.35% for IBHD.

Which ETF pays a higher dividend yield, NEAR or IBHD?

NEAR has the higher dividend yield at 4.44%, compared with 0.00% for IBHD.

What is the main difference between NEAR and IBHD?

NEAR is categorized as Short-Term Bond, while IBHD is High Yield Bonds. Their fees differ too: 0.25% for NEAR and 0.35% for IBHD.