- Issuer
- Discipline Funds
- Inception Date
- Sep 21, 2021
- Category
- Diversified Portfolio
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $66M
Highlights
- Avg. Volume (1M)
- 5K
- Avg. Volume Value (1M)
- $130.52K
Share Price Chart
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Performance
DDX Performance Chart
Defined Duration 10 ETF (DDX) is up 5.2% since the beginning of the year. DDX is currently trading at $25 per share.
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Returns By Period
Defined Duration 10 ETF (DDX) has returned 5.15% so far this year and 10.72% over the past 12 months.
Defined Duration 10 ETF
- 1D
- -0.16%
- 1M
- -0.05%
- 6M
- 3.40%
- YTD
- 5.15%
- 1Y
- 10.72%
- 3Y*
- 8.02%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.69%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
DDX Monthly Returns History
Based on dividend-adjusted daily data since Sep 20, 2021, DDX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2022 with a return of +5.6%, while the worst month was Sep 2022 at -6.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, DDX closed higher 53% of trading days. The best single day was Nov 10, 2022 with a return of +3.3%, while the worst single day was Jun 13, 2022 at -2.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.69% | 2.36% | -3.21% | 2.64% | 1.25% | 0.59% | -0.16% | 5.15% | |||||
| 2025 | 1.42% | 2.02% | -0.30% | 0.46% | 0.43% | 2.36% | -0.47% | 1.82% | 1.70% | 0.80% | 0.69% | 0.53% | 12.02% |
| 2024 | -0.41% | 0.16% | 1.77% | -3.10% | 2.33% | 0.82% | 2.35% | 1.87% | 1.31% | -2.90% | 1.52% | -2.60% | 2.93% |
| 2023 | 4.93% | -2.62% | 3.17% | 0.59% | -1.28% | 1.23% | 0.75% | -1.30% | -2.62% | -1.67% | 4.85% | 4.43% | 10.48% |
| 2022 | -3.20% | -1.88% | -1.53% | -5.18% | 0.18% | -4.00% | 3.73% | -3.54% | -6.27% | 1.31% | 5.63% | -2.09% | -16.19% |
| 2021 | -1.42% | 2.30% | -0.88% | 1.37% | 1.34% |
Benchmark Metrics
Defined Duration 10 ETF has an annualized alpha of -0.96%, beta of 0.32, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since September 20, 2021.
- This ETF participated in 56.72% of S&P 500 Index downside but only 35.58% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.32 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.96%
- Beta
- 0.32
- R²
- 0.54
- Upside Capture
- 35.58%
- Downside Capture
- 56.72%
Expense Ratio
DDX has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
DDX ranks 81 for risk / return — above 81% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Defined Duration 10 ETF (DDX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.00 | +0.52 |
| Martin ratioReturn relative to average drawdown | 10.01 | 8.49 | +1.52 |
Dividends
Dividend History
Defined Duration 10 ETF provided a 3.34% dividend yield over the last twelve months, with an annual payout of $0.84 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.84 | $0.77 | $0.69 | $0.54 | $0.29 | $0.28 |
Dividend yield | 3.34% | 3.17% | 3.11% | 2.41% | 1.38% | 1.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Defined Duration 10 ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.23 | $0.00 | $0.32 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.30 | $0.77 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.26 | $0.69 |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.21 | $0.54 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2021 | $0.28 | $0.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defined Duration 10 ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defined Duration 10 ETF was 21.27%, occurring on Oct 14, 2022. Recovery took 673 trading sessions.
The current Defined Duration 10 ETF drawdown is 0.51%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-21.27%Oct 2022 | 11mo 8d | 2y 8mo | 3y 7moNov 2021 - Jun 2025 | Bear market2022 |
-4.41%Mar 2026 | 25d | 1mo 10d | 2mo 5dMar 2026 - May 2026 | — |
-2.36%Oct 2021 | 17d | 17d | 1mo 4dSep 2021 - Oct 2021 | — |
-1.80%Nov 2025 | 23d | 21d | 1mo 14dOct 2025 - Dec 2025 | — |
-1.43%May 2026 | 12d | 7d | 19dMay 2026 - May 2026 | — |
Drawdown Indicators
| DDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.27% | -56.78% | +35.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -9.10% | +4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -18.90% | +13.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.51% | -1.58% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -10.70% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 2.14% | -1.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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