BNDY vs. DDV

Last updated Jul 28, 2026

BNDY (Horizon Core Bond ETF) and DDV (Defined Duration 5 ETF) are both Intermediate Core Bond funds. Both are actively managed. Their 0.74 correlation means they have sometimes moved together and sometimes differently. BNDY charges 0.66%/yr vs 0.25%/yr for DDV.

Performance

BNDY vs. DDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Core Bond ETF (BNDY) and Defined Duration 5 ETF (DDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNDY achieves a 0.10% return, which is significantly lower than DDV's 2.28% return.

BNDY

• 1D: 0.21%
• 1M: -1.52%
• 6M: -0.40%
• YTD: 0.10%
• 1Y: 5.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.99%

DDV

• 1D: 0.12%
• 1M: -0.23%
• 6M: 1.67%
• YTD: 2.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BNDY Horizon Core Bond ETF	$687.44K	$571.42K	$1.44M
DDV Defined Duration 5 ETF	$25.00K	$47.90K	$101.97K

BNDY vs. DDV - Yearly Performance Comparison

	2026 (YTD)	2025
BNDY Horizon Core Bond ETF	0.10%	0.66%
DDV Defined Duration 5 ETF	2.28%	0.47%

Correlation

The correlation between BNDY and DDV is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.74

Return for Risk

BNDY vs. DDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNDY

BNDY Risk / Return Rank: 41
BNDY Sharpe Ratio Rank: 41
BNDY Sortino Ratio Rank: 40
BNDY Omega Ratio Rank: 40
BNDY Calmar Ratio Rank: 38
BNDY Martin Ratio Rank: 46

DDV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.51	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.33	—	—
Martin ratio: Return relative to average drawdown	5.15	—	—

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.

Drawdown Indicators

	BNDY	DDV	Difference
Max Drawdown Largest peak-to-trough decline	-3.93%	-1.92%	-2.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.93%	—	—
Current Drawdown Current decline from peak	-1.90%	-0.36%	-1.54%
Average Drawdown Average peak-to-trough decline	-0.70%	-0.34%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	—	—

Volatility

Volatility by Period

	BNDY	DDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.06%	2.64%	+2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.07%	2.64%	+2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.07%	2.64%	+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 6.54%, more than DDV's 1.63% yield.

Position	TTM	2025
BNDY Horizon Core Bond ETF	6.54%	1.89%
DDV Defined Duration 5 ETF	1.63%	0.42%

Frequently Asked Questions

Can I hold both BNDY and DDV in my portfolio?

BNDY and DDV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDY or DDV?

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.

Which ETF is cheaper, BNDY or DDV?

DDV is cheaper with a 0.25% expense ratio, compared with 0.66% for BNDY.

Which ETF pays a higher dividend yield, BNDY or DDV?

BNDY has the higher dividend yield at 6.54%, compared with 1.63% for DDV.

What is the main difference between BNDY and DDV?

They also come from different issuers: Horizon and Discipline Funds. Their fees differ too: 0.66% for BNDY and 0.25% for DDV.