SHV vs. NEAR
SHV (iShares 0-1 Year Treasury Bond ETF) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index, while NEAR is a Short-Term Bond fund actively managed by iShares. SHV is passively managed, while NEAR is actively managed. Over the past 10 years, SHV returned 2.23%/yr vs 2.85%/yr for NEAR. At a 0.21 correlation, their price movements are largely independent. SHV charges 0.15%/yr vs 0.25%/yr for NEAR.
Performance
SHV vs. NEAR - Performance Comparison
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Returns By Period
In the year-to-date period, SHV achieves a 1.42% return, which is significantly higher than NEAR's 0.73% return. Over the past 10 years, SHV has underperformed NEAR with an annualized return of 2.23%, while NEAR has yielded a comparatively higher 2.85% annualized return.
SHV
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.42%
- 6M
- 1.75%
- 1Y
- 3.90%
- 3Y*
- 4.64%
- 5Y*
- 3.31%
- 10Y*
- 2.23%
NEAR
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 0.73%
- 6M
- 1.15%
- 1Y
- 4.31%
- 3Y*
- 5.64%
- 5Y*
- 3.86%
- 10Y*
- 2.85%
SHV vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHV iShares 0-1 Year Treasury Bond ETF | 1.42% | 4.21% | 5.12% | 5.04% | 0.94% | -0.10% | 0.81% | 2.36% | 1.72% | 0.67% |
NEAR iShares Short Duration Bond Active ETF | 0.73% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 3.55% | 1.71% | 1.41% |
Correlation
The correlation between SHV and NEAR is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2013 | 0.21 |
The correlation between SHV and NEAR shifts across timeframes, from 0.21 (all time) to 0.34 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHV vs. NEAR — Risk / Return Rank
SHV
NEAR
SHV vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-1 Year Treasury Bond ETF (SHV) and iShares Short Duration Bond Active 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.
| SHV | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +16.31 | ||
| Sortino ratioReturn per unit of downside risk | +144.47 | ||
| Omega ratioGain probability vs. loss probability | 53.77 | 1.66 | +52.10 |
| Calmar ratioReturn relative to maximum drawdown | 431.38 | 3.81 | +427.57 |
| Martin ratioReturn relative to average drawdown | 2,419.80 | 17.49 | +2,402.31 |
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
| SHV | NEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 19.49 | 3.18 | +16.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 11.56 | 2.90 | +8.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 8.09 | 1.14 | +6.94 |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.50 | 1.09 | +3.41 |
Drawdowns
SHV vs. NEAR - Drawdown Comparison
The maximum SHV drawdown since its inception was -0.45%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for SHV and NEAR.
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Drawdown Indicators
| SHV | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.45% | -9.61% | +9.16% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -1.13% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -0.03% | -1.16% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -0.40% | -1.32% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -0.45% | -9.61% | +9.16% |
Current DrawdownCurrent decline from peak | 0.00% | -0.09% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.16% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.25% | -0.25% |
Volatility
SHV vs. NEAR - Volatility Comparison
The current volatility for iShares 0-1 Year Treasury Bond ETF (SHV) is 0.05%, while iShares Short Duration Bond Active ETF (NEAR) has a volatility of 0.37%. This indicates that SHV experiences smaller price fluctuations and is considered to be less risky than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHV | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 0.37% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.12% | 1.00% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 1.36% | -1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.29% | 1.34% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.28% | 2.50% | -2.22% |
SHV vs. NEAR - Expense Ratio Comparison
SHV has a 0.15% expense ratio, which is lower than NEAR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SHV vs. NEAR - Dividend Comparison
SHV's dividend yield for the trailing twelve months is around 3.83%, less than NEAR's 4.44% 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% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.83% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
SHV and NEAR have a correlation of 0.24, 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 SHV (0.05%). In terms of maximum drawdown, SHV dropped -0.45% vs NEAR's -9.61%.
On 10-year performance, NEAR leads with 2.85% vs 2.23% for SHV. On fees, SHV is cheaper at 0.15% per year. On volatility, SHV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NEAR has performed better with a 2.85% return vs 2.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHV is cheaper with a 0.15% expense ratio, compared with 0.25% for NEAR.
NEAR has the higher dividend yield at 4.44%, compared with 3.83% for SHV.
SHV is categorized as Government Bonds, while NEAR is Short-Term Bond. Their fees differ too: 0.15% for SHV and 0.25% for NEAR.
SHV currently has the higher Sharpe Ratio (19.49 vs 3.18), 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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