VEGBX vs. NEAR

Last updated Jun 5, 2026

VEGBX (Vanguard Emerging Markets Bond Fund Admiral Shares) and NEAR (iShares Short Duration Bond Active ETF) are both funds - VEGBX is a Emerging Markets Bonds fund managed by Vanguard, while NEAR is a Short-Term Bond fund actively managed by iShares. Over the past 5 years, VEGBX returned 4.37%/yr vs 3.86%/yr for NEAR. At a 0.35 correlation, their price movements are largely independent. VEGBX charges 0.40%/yr vs 0.25%/yr for NEAR.

Performance

VEGBX vs. NEAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) 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, VEGBX achieves a 2.57% return, which is significantly higher than NEAR's 0.75% return.

VEGBX

• 1D: -0.28%
• 1M: 0.68%
• YTD: 2.57%
• 6M: 3.27%
• 1Y: 12.73%
• 3Y*: 11.76%
• 5Y*: 4.37%
• 10Y*: —

NEAR

• 1D: 0.02%
• 1M: 0.17%
• YTD: 0.75%
• 6M: 1.25%
• 1Y: 4.14%
• 3Y*: 5.63%
• 5Y*: 3.86%
• 10Y*: 2.85%

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

VEGBX vs. NEAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEGBX Vanguard Emerging Markets Bond Fund Admiral Shares	2.57%	14.46%	7.60%	13.81%	-13.02%	-1.44%	15.18%	17.87%	-0.66%	11.65%
NEAR iShares Short Duration Bond Active ETF	0.75%	5.90%	5.09%	7.42%	0.41%	0.32%	1.39%	3.55%	1.71%	1.34%

Correlation

The correlation between VEGBX and NEAR is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.35

The correlation between VEGBX and NEAR shifts across timeframes, from 0.35 (all time) to 0.54 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VEGBX vs. NEAR — Risk / Return Rank

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

VEGBX

VEGBX Risk / Return Rank: 87
VEGBX Sharpe Ratio Rank: 91
VEGBX Sortino Ratio Rank: 94
VEGBX Omega Ratio Rank: 88
VEGBX Calmar Ratio Rank: 78
VEGBX Martin Ratio Rank: 83

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: 74
NEAR Martin Ratio Rank: 83

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.

VEGBX vs. NEAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) 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.

	VEGBX	NEAR	Difference
Sharpe ratio: Return per unit of total volatility	3.06	3.08	-0.02
Sortino ratio: Return per unit of downside risk	4.94	4.88	+0.06
Omega ratio: Gain probability vs. loss probability	1.63	1.64	-0.01
Calmar ratio: Return relative to maximum drawdown	3.54	3.67	-0.13
Martin ratio: Return relative to average drawdown	15.48	16.84	-1.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEGBX vs. NEAR - Sharpe Ratio Comparison

The current VEGBX Sharpe Ratio is 3.06, which is comparable to the NEAR Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of VEGBX 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

	VEGBX	NEAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.06	3.08	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	2.90	-2.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	1.09	-0.01

Drawdowns

VEGBX vs. NEAR - Drawdown Comparison

The maximum VEGBX drawdown since its inception was -24.27%, which is greater than NEAR's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for VEGBX and NEAR.

Drawdown Indicators

	VEGBX	NEAR	Difference
Max Drawdown Largest peak-to-trough decline	-24.27%	-9.61%	-14.66%
Max Drawdown (1Y) Largest decline over 1 year	-3.79%	-1.13%	-2.66%
Max Drawdown (3Y) Largest decline over 3 years	-5.53%	-1.16%	-4.37%
Max Drawdown (5Y) Largest decline over 5 years	-24.27%	-1.32%	-22.95%
Max Drawdown (10Y) Largest decline over 10 years	—	-9.61%	—
Current Drawdown Current decline from peak	-0.28%	-0.07%	-0.21%
Average Drawdown Average peak-to-trough decline	-3.84%	-0.16%	-3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	0.25%	+0.61%

Volatility

VEGBX vs. NEAR - Volatility Comparison

Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) has a higher volatility of 1.52% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.37%. This indicates that VEGBX'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

	VEGBX	NEAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.52%	0.37%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	3.59%	0.99%	+2.60%
Volatility (1Y) Calculated over the trailing 1-year period	4.39%	1.36%	+3.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.34%	1.34%	+5.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.36%	2.50%	+3.86%

VEGBX vs. NEAR - Expense Ratio Comparison

VEGBX has a 0.40% expense ratio, which is higher than NEAR's 0.25% expense ratio.

Dividends

VEGBX vs. NEAR - Dividend Comparison

VEGBX's dividend yield for the trailing twelve months is around 6.17%, more than NEAR's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEAR iShares Short Duration Bond Active ETF	4.43%	4.54%	5.00%	4.59%	1.78%	0.76%	1.53%	2.69%	2.25%	1.52%	1.07%	0.85%
VEGBX Vanguard Emerging Markets Bond Fund Admiral Shares	6.17%	6.34%	7.02%	7.20%	5.61%	5.14%	4.62%	6.42%	5.00%	0.39%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VEGBX and NEAR in my portfolio?

VEGBX and NEAR have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEGBX or NEAR?

VEGBX has higher volatility (1.52%) compared to NEAR (0.37%). In terms of maximum drawdown, VEGBX dropped -24.27% vs NEAR's -9.61%.

Which has better risk-adjusted returns?

NEAR currently has the higher Sharpe Ratio (3.08 vs 3.06), 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.