NEAR vs. MYCG
NEAR (iShares Short Duration Bond Active ETF) and MYCG (State Street My2027 Corporate Bond ETF) are both exchange-traded funds - NEAR is a Short-Term Bond fund actively managed by iShares, while MYCG is a Corporate Bonds fund actively managed by State Street. Both are actively managed. Over the past year, NEAR returned 4.14% vs 4.75% for MYCG. A 0.73 correlation means they provide meaningful diversification when combined. NEAR charges 0.25%/yr vs 0.15%/yr for MYCG.
Performance
NEAR vs. MYCG - Performance Comparison
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Returns By Period
In the year-to-date period, NEAR achieves a 0.75% return, which is significantly lower than MYCG's 1.33% return.
NEAR
- 1D
- 0.02%
- 1M
- 0.17%
- YTD
- 0.75%
- 6M
- 1.25%
- 1Y
- 4.14%
- 3Y*
- 5.63%
- 5Y*
- 3.86%
- 10Y*
- 2.85%
MYCG
- 1D
- 0.02%
- 1M
- 0.38%
- YTD
- 1.33%
- 6M
- 1.74%
- 1Y
- 4.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEAR vs. MYCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 0.75% | 5.90% | 0.12% |
MYCG State Street My2027 Corporate Bond ETF | 1.33% | 5.85% | -0.23% |
Correlation
The correlation between NEAR and MYCG is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.73 |
The correlation between NEAR and MYCG has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
NEAR vs. MYCG — Risk / Return Rank
NEAR
MYCG
NEAR vs. MYCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and State Street My2027 Corporate Bond ETF (MYCG). 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 | MYCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.83 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 2.23 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 10.68 | -7.01 |
| Martin ratioReturn relative to average drawdown | 16.84 | 50.67 | -33.83 |
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 | MYCG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.08 | 4.73 | -1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.90 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 2.75 | -1.66 |
Drawdowns
NEAR vs. MYCG - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, which is greater than MYCG's maximum drawdown of -0.86%. Use the drawdown chart below to compare losses from any high point for NEAR and MYCG.
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Drawdown Indicators
| NEAR | MYCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -0.86% | -8.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -0.45% | -0.68% |
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 DrawdownCurrent decline from peak | -0.07% | -0.01% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.14% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.09% | +0.16% |
Volatility
NEAR vs. MYCG - Volatility Comparison
iShares Short Duration Bond Active ETF (NEAR) has a higher volatility of 0.37% compared to State Street My2027 Corporate Bond ETF (MYCG) at 0.16%. This indicates that NEAR's price experiences larger fluctuations and is considered to be riskier than MYCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAR | MYCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.16% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 0.52% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 1.01% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 1.50% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 1.50% | +1.00% |
NEAR vs. MYCG - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is higher than MYCG's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
NEAR vs. MYCG - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.43%, more than MYCG's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYCG State Street My2027 Corporate Bond ETF | 4.29% | 4.28% | 1.16% | 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 | 4.43% | 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 MYCG have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEAR has higher volatility (0.37%) compared to MYCG (0.16%). In terms of maximum drawdown, NEAR dropped -9.61% vs MYCG's -0.86%.
On 1-year performance, MYCG leads with 4.75% vs 4.14% for NEAR. On fees, MYCG is cheaper at 0.15% per year. On volatility, MYCG has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MYCG has performed better with a 4.75% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MYCG is cheaper with a 0.15% expense ratio, compared with 0.25% for NEAR.
NEAR has the higher dividend yield at 4.43%, compared with 4.29% for MYCG.
NEAR is categorized as Short-Term Bond, while MYCG is Corporate Bonds. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for NEAR and 0.15% for MYCG.
MYCG currently has the higher Sharpe Ratio (4.73 vs 3.08), 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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