NEAR vs. SCHJ
NEAR (iShares Short Duration Bond Active ETF) and SCHJ (Schwab 1-5 Year Corporate Bond ETF) are both Short-Term Bond funds. NEAR is actively managed, while SCHJ is passively managed. Over the past 5 years, NEAR returned 3.92%/yr vs 2.32%/yr for SCHJ. Their 0.62 correlation means they have sometimes moved together and sometimes differently. NEAR charges 0.25%/yr vs 0.03%/yr for SCHJ.
Performance
NEAR vs. SCHJ - Performance Comparison
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Returns By Period
In the year-to-date period, NEAR achieves a 1.07% return, which is significantly higher than SCHJ's 0.85% return.
NEAR
- 1D
- 0.05%
- 1M
- 0.10%
- 6M
- 0.74%
- YTD
- 1.07%
- 1Y
- 3.30%
- 3Y*
- 5.39%
- 5Y*
- 3.92%
- 10Y*
- 2.86%
- ALL TIME*
- 2.43%
SCHJ
- 1D
- 0.10%
- 1M
- -0.18%
- 6M
- 0.56%
- YTD
- 0.85%
- 1Y
- 3.10%
- 3Y*
- 5.41%
- 5Y*
- 2.32%
- 10Y*
- —
- ALL TIME*
- 2.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.32M | $23.39M | $28.49M | |
| $5.83M | $7.78M | $6.51M |
NEAR vs. SCHJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 1.07% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 0.57% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.85% | 6.80% | 4.89% | 6.36% | -5.73% | -0.67% | 5.30% | 0.61% |
Correlation
The correlation between NEAR and SCHJ is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.62 |
Over the past year, NEAR and SCHJ have become more correlated (0.87) than their long-term average of 0.62, meaning their price movements have been converging.
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Return for Risk
NEAR vs. SCHJ — Risk / Return Rank
NEAR
SCHJ
NEAR vs. SCHJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). 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 | SCHJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.31 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.11 | +0.81 |
| Martin ratioReturn relative to average drawdown | 13.16 | 7.94 | +5.22 |
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Drawdowns
NEAR vs. SCHJ - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, smaller than the maximum SCHJ drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for NEAR and SCHJ.
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Drawdown Indicators
| NEAR | SCHJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -13.62% | +4.01% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -1.47% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | -1.47% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -1.32% | -9.35% | +8.03% |
Max Drawdown (10Y)Largest decline over 10 years | -9.61% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.22% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -1.84% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.39% | -0.14% |
Volatility
NEAR vs. SCHJ - Volatility Comparison
The current volatility for iShares Short Duration Bond Active ETF (NEAR) is 0.31%, while Schwab 1-5 Year Corporate Bond ETF (SCHJ) has a volatility of 0.51%. This indicates that NEAR experiences smaller price fluctuations and is considered to be less risky than SCHJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAR | SCHJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 0.51% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 1.53% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 1.86% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.36% | 2.96% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 4.10% | -1.60% |
NEAR vs. SCHJ - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is higher than SCHJ's 0.03% 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. SCHJ - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.44%, less than SCHJ's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.53% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NEAR and SCHJ have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHJ has higher volatility (0.51%) compared to NEAR (0.31%). In terms of maximum drawdown, NEAR dropped -9.61% vs SCHJ's -13.62%.
On 5-year performance, NEAR leads with 3.92% vs 2.32% for SCHJ. On fees, SCHJ is cheaper at 0.03% per year. On volatility, NEAR has been the lower-risk option at 0.31%. 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 3.92% return vs 2.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHJ is cheaper with a 0.03% expense ratio, compared with 0.25% for NEAR.
SCHJ has the higher dividend yield at 4.53%, compared with 4.44% for NEAR.
They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.25% for NEAR and 0.03% for SCHJ.
NEAR currently has the higher Sharpe Ratio (2.44 vs 1.68), 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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