NEAR vs. MATX
NEAR (iShares Short Duration Bond Active ETF) is Short-Term Bond fund actively managed by iShares, while MATX (Matson, Inc.) is a stock. Over the past 10 years, NEAR returned 2.85%/yr vs 21.00%/yr for MATX. At a 0.01 correlation, their price movements are largely independent.
Performance
NEAR vs. MATX - Performance Comparison
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Returns By Period
In the year-to-date period, NEAR achieves a 0.73% return, which is significantly lower than MATX's 51.02% return. Over the past 10 years, NEAR has underperformed MATX with an annualized return of 2.85%, while MATX has yielded a comparatively higher 21.00% annualized return.
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%
MATX
- 1D
- -0.67%
- 1M
- 8.98%
- YTD
- 51.02%
- 6M
- 63.44%
- 1Y
- 65.56%
- 3Y*
- 38.38%
- 5Y*
- 25.84%
- 10Y*
- 21.00%
NEAR vs. MATX - 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% |
MATX Matson, Inc. | 51.02% | -7.21% | 24.30% | 78.20% | -29.53% | 60.35% | 43.05% | 30.32% | 9.78% | -13.51% |
Correlation
The correlation between NEAR and MATX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2013 | 0.01 |
The correlation between NEAR and MATX shifts across timeframes, from 0.01 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NEAR vs. MATX — Risk / Return Rank
NEAR
MATX
NEAR vs. MATX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and Matson, Inc. (MATX). 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 | MATX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.33 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 2.74 | +1.07 |
| Martin ratioReturn relative to average drawdown | 17.49 | 8.45 | +9.04 |
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 | MATX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 1.83 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.90 | 0.65 | +2.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.50 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.25 | +0.84 |
Drawdowns
NEAR vs. MATX - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, smaller than the maximum MATX drawdown of -71.40%. Use the drawdown chart below to compare losses from any high point for NEAR and MATX.
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Drawdown Indicators
| NEAR | MATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -71.40% | +61.79% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -24.05% | +22.92% |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | -46.90% | +45.74% |
Max Drawdown (5Y)Largest decline over 5 years | -1.32% | -53.63% | +52.31% |
Max Drawdown (10Y)Largest decline over 10 years | -9.61% | -53.63% | +44.02% |
Current DrawdownCurrent decline from peak | -0.09% | -1.49% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -33.33% | +33.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 7.78% | -7.53% |
Volatility
NEAR vs. MATX - Volatility Comparison
The current volatility for iShares Short Duration Bond Active ETF (NEAR) is 0.37%, while Matson, Inc. (MATX) has a volatility of 12.96%. This indicates that NEAR experiences smaller price fluctuations and is considered to be less risky than MATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAR | MATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 12.96% | -12.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 24.89% | -23.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 36.00% | -34.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 39.74% | -38.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 42.19% | -39.69% |
Dividends
NEAR vs. MATX - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.44%, more than MATX's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MATX Matson, Inc. | 0.77% | 1.13% | 0.98% | 1.15% | 1.95% | 1.18% | 1.58% | 2.11% | 2.56% | 2.61% | 2.09% | 1.64% |
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 MATX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MATX has higher volatility (12.96%) compared to NEAR (0.37%). In terms of maximum drawdown, NEAR dropped -9.61% vs MATX's -71.40%.
NEAR currently has the higher Sharpe Ratio (3.18 vs 1.83), 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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