Data as of Oct 28, 2026.
NEAR vs SPIB: Differences, Returns & Fees
NEAR's duration was 2.1 years on Jul 31, 2026 and SPIB's 4.2 on Jun 30, 2026; SPIB charges 0.04% to NEAR's 0.25%.
askIQ about this page
askIQ about NEAR and SPIB
Net assets: $5.2bn on Oct 28, 2026 for iShares Short Duration Bond Active ETF, and $11.6bn on Oct 27, 2026 for State Street SPDR Portfolio Intermediate Term Corporate Bond ETF.
Pair scorecard
SPIB costs 0.21 points a year less; their one-year returns differ by 1.9 points; SPIB is 2.3 times larger.
| Measure | NEAR | SPIB |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.8% | −0.1% |
| Benchmark | ||
| What it tracks | No index, actively managed | Bloomberg U.S. Intermediate Corporate Bond Index |
| Cost and size | ||
| Expense ratio | 0.25% | 0.04% |
| Net assets, as of Oct 26, 2026 | $5.2bn | $11.8bn |
| Holdings | ||
| Holdings in common | 6% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Oct 4, 2013 to Oct 23, 2026 · 681 weekly returnsEach against its own benchmark: NEAR against IUSB, Jun 20, 2014 to Oct 23, 2026; SPIB against AGG, Feb 27, 2009 to Oct 23, 2026.
SPIB returned more: +44.7% to +36.2%. NEAR swung less: 2.2% to 5.2%. NEAR fell less at its worst: −7.5% to −14.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | NEAR | SPIB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +36.2% | +44.7% | SPIB | Price change plus distributions, reinvested. |
| Annualized | +2.4% | +2.9% | SPIB | Total return as a yearly rate. |
| Price return | +0.1% | −3.2% | NEAR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 2.2% | 5.2% | NEAR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 1.8% | 3.8% | NEAR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −7.5% | −14.3% | NEAR | Deepest fall from a high to the low after it. |
| Upside capture | 21.9% | 83.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 7.7% | 72.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.28 | 0.87 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.37 | 0.64 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.19 | 0.19 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 0.24 | 0.27 | SPIB | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.014 | 0.028 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.32 | 0.20 | NEAR | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IUSB | AGG | The ETF each fund is measured against. | |
| Alpha | +0.4% a year | +1.4% a year | NEAR not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.69 | 2.02 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.7% to +1.4% | 0.0% to +2.8% | NEAR includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.07 | 0.42 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 4.1% | 3.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 681 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, NEAR and SPIB hold 6% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
6% in common
Only in one fund ↓
Side by side
NEAR and SPIB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
NEAR and SPIB are built for the same job. How do they differ in cost, holdings and results?
- What each follows. NEAR follows No index, actively managed and SPIB follows Bloomberg U.S. Intermediate Corporate Bond Index.
- Holdings in common. 6% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
- Cost. NEAR charges 0.25% of assets a year and SPIB 0.04%, a gap of 0.21 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
NEAR
NEAR is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +1.8% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.25% a year.
SPIB
SPIB tracks an index. Over the year to Oct 28, 2026 it returned −0.1% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% a year.
Questions people ask
- Which returned more over the last year, NEAR or SPIB?
- In the year to Oct 28, 2026, with distributions reinvested, NEAR returned +1.8% and SPIB −0.1%.
- Which is cheaper, NEAR or SPIB?
- SPIB is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, NEAR against SPIB, data as of Oct 28, 2026. https://etfiq.com/compare/any/near-vs-spib
ETFIQ. (Oct 28, 2026). NEAR against SPIB. Retrieved from https://etfiq.com/compare/any/near-vs-spib
[NEAR against SPIB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/near-vs-spib)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.