NEAR vs. USFR
Compare and contrast key facts about iShares Short Maturity Bond ETF (NEAR) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
NEAR and USFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEAR or USFR.
Key characteristics
| NEAR | USFR | |
|---|---|---|
| YTD Return | 4.53% | 4.69% |
| 1Y Return | 7.13% | 5.30% |
| 3Y Return (Ann) | 4.06% | 3.92% |
| 5Y Return (Ann) | 2.85% | 2.50% |
| 10Y Return (Ann) | 2.27% | 2.39% |
| Sharpe Ratio | 4.00 | 14.83 |
| Sortino Ratio | 6.46 | 53.53 |
| Omega Ratio | 1.91 | 12.75 |
| Calmar Ratio | 9.92 | 89.99 |
| Martin Ratio | 28.42 | 732.54 |
| Ulcer Index | 0.25% | 0.01% |
| Daily Std Dev | 1.75% | 0.36% |
| Max Drawdown | -9.60% | -1.36% |
| Current Drawdown | -0.41% | 0.00% |
Correlation
The correlation between NEAR and USFR is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NEAR vs. USFR - Performance Comparison
The year-to-date returns for both investments are quite close, with NEAR having a 4.53% return and USFR slightly higher at 4.69%. Over the past 10 years, NEAR has underperformed USFR with an annualized return of 2.27%, while USFR has yielded a comparatively higher 2.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NEAR vs. USFR - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is higher than USFR'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%.
Risk-Adjusted Performance
NEAR vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Maturity Bond ETF (NEAR) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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.
Dividends
NEAR vs. USFR - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 5.15%, less than USFR's 5.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Maturity Bond ETF | 5.15% | 4.58% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% | 0.15% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.30% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
NEAR vs. USFR - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.60%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for NEAR and USFR. For additional features, visit the drawdowns tool.
Volatility
NEAR vs. USFR - Volatility Comparison
iShares Short Maturity Bond ETF (NEAR) has a higher volatility of 0.40% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that NEAR's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.