BIV vs. DDV
BIV (Vanguard Intermediate-Term Bond Index ETF) and DDV (Defined Duration 5 ETF) are both Intermediate Core Bond funds. BIV is passively managed, while DDV is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. BIV charges 0.03%/yr vs 0.25%/yr for DDV.
Performance
BIV vs. DDV - Performance Comparison
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Returns By Period
In the year-to-date period, BIV achieves a -0.13% return, which is significantly lower than DDV's 2.12% return.
BIV
- 1D
- 0.10%
- 1M
- 0.53%
- YTD
- -0.13%
- 6M
- 0.01%
- 1Y
- 3.84%
- 3Y*
- 4.38%
- 5Y*
- 0.22%
- 10Y*
- 1.83%
DDV
- 1D
- -0.30%
- 1M
- 0.20%
- YTD
- 2.12%
- 6M
- 2.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIV vs. DDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | -0.13% | 0.26% |
DDV Defined Duration 5 ETF | 2.12% | 0.47% |
Correlation
The correlation between BIV and DDV is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025 | 0.69 |
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Return for Risk
BIV vs. DDV — Risk / Return Rank
BIV
DDV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BIV vs. DDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond Index ETF (BIV) and Defined Duration 5 ETF (DDV). 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.
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.
| BIV | DDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | — | — |
| Martin ratioReturn relative to average drawdown | 3.38 | — | — |
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Drawdowns
BIV vs. DDV - Drawdown Comparison
The maximum BIV drawdown since its inception was -18.95%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for BIV and DDV.
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Drawdown Indicators
| BIV | DDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.95% | -1.92% | -17.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.95% | — | — |
Current DrawdownCurrent decline from peak | -1.93% | -0.32% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -0.35% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | — | — |
Volatility
BIV vs. DDV - Volatility Comparison
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Volatility by Period
| BIV | DDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 2.69% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 2.69% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 2.69% | +2.81% |
BIV vs. DDV - Expense Ratio Comparison
BIV has a 0.03% expense ratio, which is lower than DDV'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
BIV vs. DDV - Dividend Comparison
BIV's dividend yield for the trailing twelve months is around 4.21%, more than DDV's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.21% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
DDV Defined Duration 5 ETF | 1.21% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIV and DDV have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BIV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BIV is cheaper with a 0.03% expense ratio, compared with 0.25% for DDV.
BIV has the higher dividend yield at 4.21%, compared with 1.21% for DDV.
They also come from different issuers: Vanguard and Discipline Funds. Their fees differ too: 0.03% for BIV and 0.25% for DDV.
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