NEAR vs. JPIB
NEAR (iShares Short Duration Bond Active ETF) and JPIB (JPMorgan International Bond Opportunities ETF) are both exchange-traded funds - NEAR is a Short-Term Bond fund actively managed by iShares, while JPIB is a Global Bonds fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, NEAR returned 3.87%/yr vs 2.76%/yr for JPIB. At a 0.34 correlation, their price movements are largely independent. NEAR charges 0.25%/yr vs 0.50%/yr for JPIB.
Performance
NEAR vs. JPIB - 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 JPIB's 1.10% 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%
JPIB
- 1D
- 0.17%
- 1M
- 1.08%
- YTD
- 1.10%
- 6M
- 1.62%
- 1Y
- 5.24%
- 3Y*
- 5.93%
- 5Y*
- 2.76%
- 10Y*
- —
NEAR vs. JPIB - 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% | 0.64% |
JPIB JPMorgan International Bond Opportunities ETF | 1.10% | 8.19% | 3.48% | 8.68% | -6.38% | 0.14% | 7.14% | 10.76% | -2.17% | 2.61% |
Correlation
The correlation between NEAR and JPIB is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2017 | 0.34 |
Over the past year, NEAR and JPIB have become more correlated (0.62) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
NEAR vs. JPIB — Risk / Return Rank
NEAR
JPIB
NEAR vs. JPIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and JPMorgan International Bond Opportunities ETF (JPIB). 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 | JPIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.27 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 1.29 | +2.30 |
| Martin ratioReturn relative to average drawdown | 16.36 | 4.42 | +11.94 |
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Drawdowns
NEAR vs. JPIB - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, smaller than the maximum JPIB drawdown of -13.13%. Use the drawdown chart below to compare losses from any high point for NEAR and JPIB.
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Drawdown Indicators
| NEAR | JPIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -13.13% | +3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -3.75% | +2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | -3.75% | +2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -1.32% | -11.83% | +10.51% |
Max Drawdown (10Y)Largest decline over 10 years | -9.61% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.77% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -1.93% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 1.09% | -0.84% |
Volatility
NEAR vs. JPIB - Volatility Comparison
The current volatility for iShares Short Duration Bond Active ETF (NEAR) is 0.44%, while JPMorgan International Bond Opportunities ETF (JPIB) has a volatility of 1.19%. This indicates that NEAR experiences smaller price fluctuations and is considered to be less risky than JPIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAR | JPIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 1.19% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 3.07% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 3.58% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 4.12% | -2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 4.44% | -1.94% |
NEAR vs. JPIB - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is lower than JPIB's 0.50% expense ratio.
Dividends
NEAR vs. JPIB - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.43%, less than JPIB's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 5.00% | 4.85% | 4.57% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 1.81% | 0.00% | 0.00% |
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 JPIB have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPIB has higher volatility (1.19%) compared to NEAR (0.44%). In terms of maximum drawdown, NEAR dropped -9.61% vs JPIB's -13.13%.
On 5-year performance, NEAR leads with 3.87% vs 2.76% for JPIB. On fees, NEAR is cheaper at 0.25% per year. 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 5-year period, NEAR has performed better with a 3.87% return vs 2.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NEAR is cheaper with a 0.25% expense ratio, compared with 0.50% for JPIB.
JPIB has the higher dividend yield at 5.00%, compared with 4.43% for NEAR.
NEAR is categorized as Short-Term Bond, while JPIB is Global Bonds. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.25% for NEAR and 0.50% for JPIB.
NEAR currently has the higher Sharpe Ratio (2.99 vs 1.36), 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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