BNDY vs. DDV
BNDY (Horizon Core Bond ETF) and DDV (Defined Duration 5 ETF) are both Intermediate Core Bond funds. Both are actively managed. A 0.73 correlation means they provide meaningful diversification when combined. BNDY charges 0.66%/yr vs 0.25%/yr for DDV.
Performance
BNDY vs. DDV - Performance Comparison
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Returns By Period
In the year-to-date period, BNDY achieves a 0.82% return, which is significantly lower than DDV's 2.39% return.
BNDY
- 1D
- -0.58%
- 1M
- 0.56%
- 6M
- 0.51%
- YTD
- 0.82%
- 1Y
- 6.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DDV
- 1D
- -0.25%
- 1M
- 0.46%
- 6M
- 2.00%
- YTD
- 2.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDY vs. DDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNDY Horizon Core Bond ETF | 0.82% | 0.66% |
DDV Defined Duration 5 ETF | 2.39% | 0.47% |
Correlation
The correlation between BNDY and DDV is 0.73, 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 | 0.73 |
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Return for Risk
BNDY vs. DDV — Risk / Return Rank
BNDY
DDV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BNDY vs. DDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Core Bond ETF (BNDY) 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.
| BNDY | DDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | — | — |
| Martin ratioReturn relative to average drawdown | 7.20 | — | — |
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Drawdowns
BNDY vs. DDV - Drawdown Comparison
The maximum BNDY drawdown since its inception was -3.93%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for BNDY and DDV.
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Drawdown Indicators
| BNDY | DDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.93% | -1.92% | -2.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | — | — |
Current DrawdownCurrent decline from peak | -1.20% | -0.25% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -0.33% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | — | — |
Volatility
BNDY vs. DDV - Volatility Comparison
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Volatility by Period
| BNDY | DDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 2.68% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 2.68% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 2.68% | +2.43% |
BNDY vs. DDV - Expense Ratio Comparison
BNDY has a 0.66% expense ratio, which is higher than DDV's 0.25% expense ratio.
Dividends
BNDY vs. DDV - Dividend Comparison
BNDY's dividend yield for the trailing twelve months is around 5.87%, more than DDV's 1.62% yield.
| Position | TTM | 2025 |
|---|---|---|
BNDY Horizon Core Bond ETF | 5.87% | 1.89% |
DDV Defined Duration 5 ETF | 1.62% | 0.42% |
Frequently Asked Questions
BNDY and DDV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DDV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DDV is cheaper with a 0.25% expense ratio, compared with 0.66% for BNDY.
BNDY has the higher dividend yield at 5.87%, compared with 1.62% for DDV.
They also come from different issuers: Horizon and Discipline Funds. Their fees differ too: 0.66% for BNDY and 0.25% for DDV.
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