DDV vs. BIV
DDV (Defined Duration 5 ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both Intermediate Core Bond funds. DDV is actively managed, while BIV is passively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. DDV charges 0.25%/yr vs 0.03%/yr for BIV.
Performance
DDV vs. BIV - Performance Comparison
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Returns By Period
In the year-to-date period, DDV achieves a 2.35% return, which is significantly higher than BIV's -0.93% return.
DDV
- 1D
- -0.13%
- 1M
- -0.06%
- 6M
- 1.60%
- YTD
- 2.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BIV
- 1D
- -0.20%
- 1M
- -1.16%
- 6M
- -0.92%
- YTD
- -0.93%
- 1Y
- 1.39%
- 3Y*
- 4.39%
- 5Y*
- -0.27%
- 10Y*
- 1.66%
- ALL TIME*
- 3.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $97.77M | $127.86M | $122.72M | |
| $74.78K | $50.90K | $102.48K |
DDV vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DDV Defined Duration 5 ETF | 2.35% | 0.47% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.93% | 0.26% |
Correlation
The correlation between DDV and BIV is 0.72, 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 | 0.72 |
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Return for Risk
DDV vs. BIV — Risk / Return Rank
DDV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BIV
DDV vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defined Duration 5 ETF (DDV) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| DDV | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.10 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.77 | — |
| Martin ratioReturn relative to average drawdown | — | 1.84 | — |
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Drawdowns
DDV vs. BIV - Drawdown Comparison
The maximum DDV drawdown since its inception was -1.92%, smaller than the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for DDV and BIV.
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Drawdown Indicators
| DDV | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.92% | -18.95% | +17.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.95% | — |
Current DrawdownCurrent decline from peak | -0.29% | -2.71% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -0.34% | -3.38% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.32% | — |
Volatility
DDV vs. BIV - Volatility Comparison
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Volatility by Period
| DDV | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.64% | 4.02% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.64% | 6.40% | -3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.64% | 5.50% | -2.86% |
DDV vs. BIV - Expense Ratio Comparison
DDV has a 0.25% expense ratio, which is higher than BIV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DDV vs. BIV - Dividend Comparison
DDV's dividend yield for the trailing twelve months is around 1.62%, less than BIV's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 3.93% | 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 | 1.62% | 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
DDV and BIV have a correlation of 0.72, 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 3.93%, compared with 1.62% for DDV.
They also come from different issuers: Discipline Funds and Vanguard. Their fees differ too: 0.25% for DDV and 0.03% for BIV.
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