NEAR vs. IDMO
NEAR (iShares Short Duration Bond Active ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - NEAR is a Short-Term Bond fund actively managed by iShares, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. NEAR is actively managed, while IDMO is passively managed. Over the past 10 years, NEAR returned 2.85%/yr vs 12.64%/yr for IDMO. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
NEAR vs. IDMO - 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 IDMO's 8.17% return. Over the past 10 years, NEAR has underperformed IDMO with an annualized return of 2.85%, while IDMO has yielded a comparatively higher 12.64% annualized return.
NEAR
- 1D
- -0.03%
- 1M
- 0.22%
- YTD
- 0.79%
- 6M
- 1.16%
- 1Y
- 4.12%
- 3Y*
- 5.61%
- 5Y*
- 3.87%
- 10Y*
- 2.85%
IDMO
- 1D
- 1.36%
- 1M
- -0.98%
- YTD
- 8.17%
- 6M
- 10.09%
- 1Y
- 24.72%
- 3Y*
- 25.21%
- 5Y*
- 15.50%
- 10Y*
- 12.64%
NEAR vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 0.79% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 3.55% | 1.71% | 1.41% |
IDMO Invesco S&P International Developed Momentum ETF | 8.17% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
Correlation
The correlation between NEAR and IDMO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.09 |
Over the past year, NEAR and IDMO have become more correlated (0.36) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
NEAR vs. IDMO — Risk / Return Rank
NEAR
IDMO
NEAR vs. IDMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and Invesco S&P International Developed Momentum ETF (IDMO). 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 | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.24 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 1.89 | +1.70 |
| Martin ratioReturn relative to average drawdown | 16.36 | 7.64 | +8.72 |
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Drawdowns
NEAR vs. IDMO - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for NEAR and IDMO.
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Drawdown Indicators
| NEAR | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -39.38% | +29.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -12.31% | +11.18% |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | -12.65% | +11.49% |
Max Drawdown (5Y)Largest decline over 5 years | -1.32% | -27.07% | +25.75% |
Max Drawdown (10Y)Largest decline over 10 years | -9.61% | -31.34% | +21.73% |
Current DrawdownCurrent decline from peak | -0.03% | -1.92% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -9.74% | +9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 3.04% | -2.79% |
Volatility
NEAR vs. IDMO - Volatility Comparison
The current volatility for iShares Short Duration Bond Active ETF (NEAR) is 0.44%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 7.92%. This indicates that NEAR experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAR | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 7.92% | -7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 16.02% | -15.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 17.92% | -16.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 18.03% | -16.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 18.18% | -15.68% |
NEAR vs. IDMO - Expense Ratio Comparison
Both NEAR and IDMO have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
NEAR vs. IDMO - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.43%, more than IDMO's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 3.52% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
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 IDMO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (7.92%) compared to NEAR (0.44%). In terms of maximum drawdown, NEAR dropped -9.61% vs IDMO's -39.38%.
On 10-year performance, IDMO leads with 12.64% vs 2.85% for NEAR. Both ETFs have the same 0.25% expense ratio. 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 10-year period, IDMO has performed better with a 12.64% return vs 2.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NEAR and IDMO have the same expense ratio: 0.25% per year.
NEAR has the higher dividend yield at 4.43%, compared with 3.52% for IDMO.
NEAR is categorized as Short-Term Bond, while IDMO is Momentum. They also come from different issuers: iShares and Invesco.
NEAR currently has the higher Sharpe Ratio (2.99 vs 1.30), 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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