STOT vs. NEAR

Last updated Jun 4, 2026

STOT (State Street DoubleLine Short Duration Total Return Tactical ETF) and NEAR (iShares Short Duration Bond Active ETF) are both Short-Term Bond funds. STOT is passively managed, while NEAR is actively managed. Over the past 10 years, STOT returned 2.43%/yr vs 2.85%/yr for NEAR. At a 0.30 correlation, their price movements are largely independent. STOT charges 0.45%/yr vs 0.25%/yr for NEAR.

Performance

STOT vs. NEAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) and iShares Short Duration Bond Active ETF (NEAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STOT achieves a 0.97% return, which is significantly higher than NEAR's 0.73% return. Over the past 10 years, STOT has underperformed NEAR with an annualized return of 2.43%, while NEAR has yielded a comparatively higher 2.85% annualized return.

STOT

• 1D: -0.04%
• 1M: 0.18%
• YTD: 0.97%
• 6M: 1.26%
• 1Y: 4.20%
• 3Y*: 5.32%
• 5Y*: 2.81%
• 10Y*: 2.43%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

STOT vs. NEAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STOT State Street DoubleLine Short Duration Total Return Tactical ETF	0.97%	5.56%	5.26%	6.39%	-3.75%	0.27%	2.43%	4.40%	0.95%	1.71%
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 STOT and NEAR is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Apr 15, 2016	0.30

Over the past year, STOT and NEAR have become more correlated (0.72) than their long-term average of 0.30, meaning their price movements have been converging.

STOT vs. NEAR - Sectors Allocation Comparison

Sectors	STOT	NEAR
Communication Services	100.0%	-0.0%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

STOT vs. NEAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STOT

STOT Risk / Return Rank: 94
STOT Sharpe Ratio Rank: 95
STOT Sortino Ratio Rank: 97
STOT Omega Ratio Rank: 96
STOT Calmar Ratio Rank: 90
STOT Martin Ratio Rank: 93

NEAR

NEAR Risk / Return Rank: 87
NEAR Sharpe Ratio Rank: 90
NEAR Sortino Ratio Rank: 94
NEAR Omega Ratio Rank: 93
NEAR Calmar Ratio Rank: 75
NEAR Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STOT vs. NEAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) 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.

	STOT	NEAR	Difference
Sharpe ratio: Return per unit of total volatility	3.81	3.18	+0.63
Sortino ratio: Return per unit of downside risk	5.93	5.07	+0.86
Omega ratio: Gain probability vs. loss probability	1.79	1.66	+0.12
Calmar ratio: Return relative to maximum drawdown	5.52	3.81	+1.70
Martin ratio: Return relative to average drawdown	24.02	17.49	+6.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STOT vs. NEAR - Sharpe Ratio Comparison

The current STOT Sharpe Ratio is 3.81, which is comparable to the NEAR Sharpe Ratio of 3.18. The chart below compares the historical Sharpe Ratios of STOT and NEAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	STOT	NEAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.81	3.18	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.63	2.90	-1.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.11	1.14	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	1.09	+0.03

Drawdowns

STOT vs. NEAR - Drawdown Comparison

The maximum STOT drawdown since its inception was -6.07%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for STOT and NEAR.

Drawdown Indicators

	STOT	NEAR	Difference
Max Drawdown Largest peak-to-trough decline	-6.07%	-9.61%	+3.54%
Max Drawdown (1Y) Largest decline over 1 year	-0.76%	-1.13%	+0.37%
Max Drawdown (3Y) Largest decline over 3 years	-0.76%	-1.16%	+0.40%
Max Drawdown (5Y) Largest decline over 5 years	-6.07%	-1.32%	-4.75%
Max Drawdown (10Y) Largest decline over 10 years	-6.07%	-9.61%	+3.54%
Current Drawdown Current decline from peak	-0.07%	-0.09%	+0.02%
Average Drawdown Average peak-to-trough decline	-0.84%	-0.16%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	0.25%	-0.07%

Volatility

STOT vs. NEAR - Volatility Comparison

The current volatility for State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) is 0.33%, while iShares Short Duration Bond Active ETF (NEAR) has a volatility of 0.37%. This indicates that STOT 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.

Volatility by Period

	STOT	NEAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	0.37%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	0.84%	1.00%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	1.11%	1.36%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.73%	1.34%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.20%	2.50%	-0.30%

STOT vs. NEAR - Expense Ratio Comparison

STOT has a 0.45% expense ratio, which is higher than NEAR's 0.25% expense ratio.

Dividends

STOT vs. NEAR - Dividend Comparison

STOT's dividend yield for the trailing twelve months is around 4.41%, which matches 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%
STOT State Street DoubleLine Short Duration Total Return Tactical ETF	4.41%	4.52%	5.10%	4.53%	2.54%	1.76%	1.66%	2.61%	2.50%	1.95%	2.08%	0.00%

Frequently Asked Questions

Can I hold both STOT and NEAR in my portfolio?

STOT and NEAR have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STOT or NEAR?

NEAR has higher volatility (0.37%) compared to STOT (0.33%). In terms of maximum drawdown, STOT dropped -6.07% vs NEAR's -9.61%.

Which ETF is better, STOT or NEAR?

On 10-year performance, NEAR leads with 2.85% vs 2.43% for STOT. On fees, NEAR is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, STOT or NEAR?

Over the 10-year period, NEAR has performed better with a 2.85% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, STOT or NEAR?

NEAR is cheaper with a 0.25% expense ratio, compared with 0.45% for STOT.

Which ETF pays a higher dividend yield, STOT or NEAR?

NEAR has the higher dividend yield at 4.44%, compared with 4.41% for STOT.

What is the main difference between STOT and NEAR?

They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for STOT and 0.25% for NEAR.

Which has better risk-adjusted returns?

STOT currently has the higher Sharpe Ratio (3.81 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.