NEAR vs. SKOR
NEAR (iShares Short Duration Bond Active ETF) and SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) are both exchange-traded funds - NEAR is a Short-Term Bond fund actively managed by iShares, while SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index. NEAR is actively managed, while SKOR is passively managed. Over the past 10 years, NEAR returned 2.85%/yr vs 2.88%/yr for SKOR. At a 0.38 correlation, their price movements are largely independent. NEAR charges 0.25%/yr vs 0.22%/yr for SKOR.
Performance
NEAR vs. SKOR - Performance Comparison
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Returns By Period
In the year-to-date period, NEAR achieves a 0.79% return, which is significantly higher than SKOR's 0.54% return. Both investments have delivered pretty close results over the past 10 years, with NEAR having a 2.85% annualized return and SKOR not far ahead at 2.88%.
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%
SKOR
- 1D
- -0.05%
- 1M
- 0.37%
- YTD
- 0.54%
- 6M
- 1.02%
- 1Y
- 5.20%
- 3Y*
- 6.13%
- 5Y*
- 1.74%
- 10Y*
- 2.88%
NEAR vs. SKOR - 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% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.54% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 4.38% |
Correlation
The correlation between NEAR and SKOR is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | 0.38 |
Over the past year, NEAR and SKOR have become more correlated (0.83) than their long-term average of 0.38, meaning their price movements have been converging.
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Return for Risk
NEAR vs. SKOR — Risk / Return Rank
NEAR
SKOR
NEAR vs. SKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) and FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR). 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 | SKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.34 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 2.38 | +1.21 |
| Martin ratioReturn relative to average drawdown | 16.36 | 8.31 | +8.06 |
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Drawdowns
NEAR vs. SKOR - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, smaller than the maximum SKOR drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for NEAR and SKOR.
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Drawdown Indicators
| NEAR | SKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -15.98% | +6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -2.09% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | -3.11% | +1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -1.32% | -15.13% | +13.81% |
Max Drawdown (10Y)Largest decline over 10 years | -9.61% | -15.98% | +6.37% |
Current DrawdownCurrent decline from peak | -0.03% | -0.57% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -2.65% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.60% | -0.35% |
Volatility
NEAR vs. SKOR - Volatility Comparison
The current volatility for iShares Short Duration Bond Active ETF (NEAR) is 0.44%, while FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) has a volatility of 0.94%. This indicates that NEAR experiences smaller price fluctuations and is considered to be less risky than SKOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAR | SKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.94% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 2.04% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 2.71% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 4.43% | -3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 4.90% | -2.40% |
NEAR vs. SKOR - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is higher than SKOR's 0.22% 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. SKOR - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.43%, less than SKOR's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.66% | 4.70% | 4.90% | 3.90% | 2.57% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% |
Frequently Asked Questions
NEAR and SKOR have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKOR has higher volatility (0.94%) compared to NEAR (0.44%). In terms of maximum drawdown, NEAR dropped -9.61% vs SKOR's -15.98%.
On 10-year performance, SKOR leads with 2.88% vs 2.85% for NEAR. On fees, SKOR is cheaper at 0.22% 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 10-year period, SKOR has performed better with a 2.88% return vs 2.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKOR is cheaper with a 0.22% expense ratio, compared with 0.25% for NEAR.
SKOR has the higher dividend yield at 4.66%, compared with 4.43% for NEAR.
NEAR is categorized as Short-Term Bond, while SKOR is Corporate Bonds. They also come from different issuers: iShares and Northern Trust. Their fees differ too: 0.25% for NEAR and 0.22% for SKOR.
NEAR currently has the higher Sharpe Ratio (2.99 vs 1.84), 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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