DDV vs. GTOC

Last updated Jun 4, 2026

DDV (Defined Duration 5 ETF) and GTOC (Invesco Core Fixed Income ETF) are both Intermediate Core Bond funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. DDV charges 0.25%/yr vs 0.26%/yr for GTOC.

Performance

DDV vs. GTOC - Performance Comparison

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

Returns By Period

In the year-to-date period, DDV achieves a 2.23% return, which is significantly higher than GTOC's 0.39% return.

DDV

• 1D: -0.02%
• 1M: 0.73%
• YTD: 2.23%
• 6M: 2.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GTOC

• 1D: -0.21%
• 1M: 0.32%
• YTD: 0.39%
• 6M: 0.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDV vs. GTOC - Yearly Performance Comparison

	2026 (YTD)	2025
DDV Defined Duration 5 ETF	2.23%	0.71%
GTOC Invesco Core Fixed Income ETF	0.39%	0.42%

Correlation

The correlation between DDV and GTOC is 0.72, 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 14, 2025	0.72

Return for Risk

DDV vs. GTOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defined Duration 5 ETF (DDV) and Invesco Core Fixed Income ETF (GTOC). 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.

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

Sharpe Ratios by Period

	DDV	GTOC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.06	1.27	+0.80

Drawdowns

DDV vs. GTOC - Drawdown Comparison

The maximum DDV drawdown since its inception was -1.92%, smaller than the maximum GTOC drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for DDV and GTOC.

Drawdown Indicators

	DDV	GTOC	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-2.70%	+0.78%
Current Drawdown Current decline from peak	-0.12%	-1.52%	+1.40%
Average Drawdown Average peak-to-trough decline	-0.35%	-0.66%	+0.31%

Volatility

Volatility by Period

	DDV	GTOC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.68%	3.62%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.68%	3.62%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.68%	3.62%	-0.94%

DDV vs. GTOC - Expense Ratio Comparison

DDV has a 0.25% expense ratio, which is lower than GTOC's 0.26% 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

DDV vs. GTOC - Dividend Comparison

DDV's dividend yield for the trailing twelve months is around 1.21%, less than GTOC's 3.64% yield.

Position	TTM	2025
DDV Defined Duration 5 ETF	1.21%	0.42%
GTOC Invesco Core Fixed Income ETF	3.64%	1.88%

Frequently Asked Questions

Can I hold both DDV and GTOC in my portfolio?

DDV and GTOC 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.

Which ETF is better, DDV or GTOC?

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, DDV or GTOC?

DDV is cheaper with a 0.25% expense ratio, compared with 0.26% for GTOC.

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

GTOC has the higher dividend yield at 3.64%, compared with 1.21% for DDV.

What is the main difference between DDV and GTOC?

They also come from different issuers: Discipline Funds and Invesco. Their fees differ too: 0.25% for DDV and 0.26% for GTOC.