NEAR — iShares Short Duration Bond Active ETF

NEAR Price Performance — Growth of $10,000

Value of a $10,000 investment in NEAR over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

NEAR Drawdown

The "underwater" chart: NEAR's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares Short Duration Bond Active ETF (NEAR) operates within the Ultra-Short / Cash category, which currently contains 9 ETFs tracked by ETFValuer. Issued by iShares, this fund manages $4.77 billion in assets and trades at a price of $50.44. It holds an overall rank of #361 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 52.8 out of 100. The fund charges an expense ratio of 0.25% while offering a dividend yield of 4.43%. The substantial asset base relative to the small category size suggests significant investor adoption compared to its peers. This combination of high yield and moderate cost positions the fund as a notable option within its specific niche.

Over the most recent trading day, the fund posted a return of +0.10%, though it declined by -0.22% over the past week. Monthly performance showed a slight dip of -0.03%, followed by a recovery to +0.17% over the three-month period. The six-month return accelerated to +0.72%, contributing to a year-to-date gain of +0.76%. Annual returns have been stronger, with a one-year return of +3.35% and a three-year return of +16.85%. This trajectory indicates a divergence where short-term fluctuations have been muted compared to the more robust gains observed over the one and three-year horizons. The data reflects a pattern of stability in the longer term despite minor volatility in the immediate past.

The fund carries a Very Low volatility label and a beta of 0.23, indicating that its price movements are significantly less sensitive to broader market shifts. Despite this low volatility, the Sharpe ratio stands at -1.18, suggesting that the risk-adjusted returns have been negative over the measured period. The maximum drawdown recorded is -1.16%, which aligns with the fund's classification as a low-volatility instrument. This combination of low beta and minimal drawdown implies the fund has experienced limited downside during market stress. However, the negative Sharpe ratio indicates that the returns generated have not sufficiently compensated for the risks taken, even if those risks are small in magnitude.

AI-generated summary based on the data on this page.

NEAR Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 33.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how NEAR's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With NEAR

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with NEAR's top 10 — AGG overlaps most, holding 2 of the same companies as NEAR's top 10 (33.0% of NEAR's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

NEAR Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.75% and average daily volume is 609K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $4.77B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: NEAR is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

NEAR Performance History

How NEAR Compares to Other Ultra-Short / Cash ETFs