TDTT vs. NEAR

Last updated Jun 4, 2026

TDTT (FlexShares iBoxx 3-Year Target Duration TIPS Index Fund) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - TDTT is a Inflation-Protected Bonds fund tracking the iBoxx 3-Year Target Duration TIPS, while NEAR is a Short-Term Bond fund actively managed by iShares. TDTT is passively managed, while NEAR is actively managed. Over the past 10 years, TDTT returned 3.11%/yr vs 2.85%/yr for NEAR. At a 0.31 correlation, their price movements are largely independent. TDTT charges 0.18%/yr vs 0.25%/yr for NEAR.

Performance

TDTT vs. NEAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) 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, TDTT achieves a 1.81% return, which is significantly higher than NEAR's 0.73% return. Over the past 10 years, TDTT has outperformed NEAR with an annualized return of 3.11%, while NEAR has yielded a comparatively lower 2.85% annualized return.

TDTT

• 1D: 0.00%
• 1M: -0.06%
• YTD: 1.81%
• 6M: 1.77%
• 1Y: 4.65%
• 3Y*: 5.00%
• 5Y*: 2.85%
• 10Y*: 3.11%

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)

TDTT vs. NEAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund	1.81%	6.67%	3.96%	4.40%	-4.58%	5.49%	6.84%	5.74%	0.25%	0.43%
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 TDTT and NEAR is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Sep 27, 2013	0.31

Over the past year, TDTT and NEAR have become more correlated (0.62) than their long-term average of 0.31, meaning their price movements have been converging.

Return for Risk

TDTT vs. NEAR — Risk / Return Rank

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

TDTT

TDTT Risk / Return Rank: 84
TDTT Sharpe Ratio Rank: 78
TDTT Sortino Ratio Rank: 90
TDTT Omega Ratio Rank: 84
TDTT Calmar Ratio Rank: 88
TDTT Martin Ratio Rank: 82

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.

TDTT vs. NEAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) 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.

	TDTT	NEAR	Difference
Sharpe ratio Return per unit of total volatility	2.54	3.18	-0.64
Sortino ratio Return per unit of downside risk	4.20	5.07	-0.87
Omega ratio Gain probability vs. loss probability	1.51	1.66	-0.15
Calmar ratio Return relative to maximum drawdown	5.17	3.81	+1.36
Martin ratio Return relative to average drawdown	16.59	17.49	-0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDTT vs. NEAR - Sharpe Ratio Comparison

The current TDTT Sharpe Ratio is 2.54, which is comparable to the NEAR Sharpe Ratio of 3.18. The chart below compares the historical Sharpe Ratios of TDTT 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

	TDTT	NEAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	3.18	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	2.90	-2.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	1.14	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	1.09	-0.39

Drawdowns

TDTT vs. NEAR - Drawdown Comparison

The maximum TDTT drawdown since its inception was -6.97%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for TDTT and NEAR.

Drawdown Indicators

	TDTT	NEAR	Difference
Max Drawdown Largest peak-to-trough decline	-6.97%	-9.61%	+2.64%
Max Drawdown (1Y) Largest decline over 1 year	-0.90%	-1.13%	+0.23%
Max Drawdown (3Y) Largest decline over 3 years	-1.53%	-1.16%	-0.37%
Max Drawdown (5Y) Largest decline over 5 years	-6.97%	-1.32%	-5.65%
Max Drawdown (10Y) Largest decline over 10 years	-6.97%	-9.61%	+2.64%
Current Drawdown Current decline from peak	-0.14%	-0.09%	-0.05%
Average Drawdown Average peak-to-trough decline	-1.60%	-0.16%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	0.25%	+0.03%

Volatility

TDTT vs. NEAR - Volatility Comparison

FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) has a higher volatility of 0.46% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.37%. This indicates that TDTT'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.

Volatility by Period

	TDTT	NEAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	0.37%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	1.21%	1.00%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	1.85%	1.36%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.67%	1.34%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.38%	2.50%	+0.88%

TDTT vs. NEAR - Expense Ratio Comparison

TDTT has a 0.18% 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

TDTT vs. NEAR - Dividend Comparison

TDTT's dividend yield for the trailing twelve months is around 4.54%, more 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%
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund	4.54%	4.52%	4.01%	3.88%	6.97%	4.53%	1.15%	1.91%	2.48%	1.88%	1.01%	0.00%

Frequently Asked Questions

Can I hold both TDTT and NEAR in my portfolio?

TDTT and NEAR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDTT or NEAR?

TDTT has higher volatility (0.46%) compared to NEAR (0.37%). In terms of maximum drawdown, TDTT dropped -6.97% vs NEAR's -9.61%.

Which ETF is better, TDTT or NEAR?

On 10-year performance, TDTT leads with 3.11% vs 2.85% for NEAR. On fees, TDTT is cheaper at 0.18% 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, TDTT or NEAR?

Over the 10-year period, TDTT has performed better with a 3.11% return vs 2.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDTT or NEAR?

TDTT is cheaper with a 0.18% expense ratio, compared with 0.25% for NEAR.

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

TDTT has the higher dividend yield at 4.54%, compared with 4.44% for NEAR.

What is the main difference between TDTT and NEAR?

TDTT is categorized as Inflation-Protected Bonds, while NEAR is Short-Term Bond. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.18% for TDTT and 0.25% for NEAR.

Which has better risk-adjusted returns?

NEAR currently has the higher Sharpe Ratio (3.18 vs 2.54), 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.