SDSI vs. NEAR
Compare and contrast key facts about American Century Short Duration Strategic Income ETF (SDSI) and iShares Short Maturity Bond ETF (NEAR).
SDSI and NEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDSI is a passively managed fund by American Century that tracks the performance of the Bloomberg U.S. 1-3 Year Government/Credit Bond Index. It was launched on Oct 11, 2022. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SDSI or NEAR.
Key characteristics
| SDSI | NEAR | |
|---|---|---|
| YTD Return | 4.93% | 4.26% |
| 1Y Return | 7.57% | 6.83% |
| Sharpe Ratio | 3.56 | 3.95 |
| Sortino Ratio | 5.87 | 6.35 |
| Omega Ratio | 1.77 | 1.90 |
| Calmar Ratio | 8.04 | 9.84 |
| Martin Ratio | 25.55 | 27.49 |
| Ulcer Index | 0.30% | 0.25% |
| Daily Std Dev | 2.14% | 1.76% |
| Max Drawdown | -1.29% | -9.60% |
| Current Drawdown | -0.95% | -0.67% |
Correlation
The correlation between SDSI and NEAR is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SDSI vs. NEAR - Performance Comparison
In the year-to-date period, SDSI achieves a 4.93% return, which is significantly higher than NEAR's 4.26% 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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SDSI vs. NEAR - Expense Ratio Comparison
SDSI has a 0.33% expense ratio, which is higher than NEAR's 0.25% expense ratio.
Risk-Adjusted Performance
SDSI vs. NEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Short Duration Strategic Income ETF (SDSI) and iShares Short Maturity Bond ETF (NEAR). 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
SDSI vs. NEAR - Dividend Comparison
SDSI's dividend yield for the trailing twelve months is around 5.62%, more than NEAR's 5.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDSI American Century Short Duration Strategic Income ETF | 5.62% | 5.37% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Maturity Bond ETF | 5.16% | 4.58% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% | 0.15% |
Drawdowns
SDSI vs. NEAR - Drawdown Comparison
The maximum SDSI drawdown since its inception was -1.29%, smaller than the maximum NEAR drawdown of -9.60%. Use the drawdown chart below to compare losses from any high point for SDSI and NEAR. For additional features, visit the drawdowns tool.
Volatility
SDSI vs. NEAR - Volatility Comparison
American Century Short Duration Strategic Income ETF (SDSI) has a higher volatility of 0.61% compared to iShares Short Maturity Bond ETF (NEAR) at 0.45%. This indicates that SDSI's price experiences larger fluctuations and is considered to be riskier than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.