NEAR vs. IBHD
Compare and contrast key facts about iShares Short Maturity Bond ETF (NEAR) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).
NEAR and IBHD 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. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEAR or IBHD.
Key characteristics
| NEAR | IBHD | |
|---|---|---|
| YTD Return | 4.53% | 5.24% |
| 1Y Return | 7.13% | 7.30% |
| 3Y Return (Ann) | 4.06% | 3.92% |
| 5Y Return (Ann) | 2.85% | 4.04% |
| Sharpe Ratio | 4.00 | 4.10 |
| Sortino Ratio | 6.46 | 6.40 |
| Omega Ratio | 1.91 | 2.04 |
| Calmar Ratio | 9.92 | 13.77 |
| Martin Ratio | 28.42 | 79.09 |
| Ulcer Index | 0.25% | 0.09% |
| Daily Std Dev | 1.75% | 1.73% |
| Max Drawdown | -9.60% | -20.11% |
| Current Drawdown | -0.41% | 0.00% |
Correlation
The correlation between NEAR and IBHD is 0.12, 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. IBHD - Performance Comparison
In the year-to-date period, NEAR achieves a 4.53% return, which is significantly lower than IBHD's 5.24% 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. IBHD - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is lower than IBHD's 0.35% expense ratio.
Risk-Adjusted Performance
NEAR vs. IBHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Maturity Bond 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.
Dividends
NEAR vs. IBHD - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 5.15%, less than IBHD's 6.27% 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% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.27% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NEAR vs. IBHD - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.60%, smaller than the maximum IBHD drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for NEAR and IBHD. For additional features, visit the drawdowns tool.
Volatility
NEAR vs. IBHD - Volatility Comparison
iShares Short Maturity Bond ETF (NEAR) has a higher volatility of 0.40% compared to iShares iBonds 2024 Term High Yield & Income ETF (IBHD) at 0.25%. This indicates that NEAR's price experiences larger fluctuations and is considered to be riskier than IBHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.