DDV vs. IBTM

Last updated Jun 4, 2026

DDV (Defined Duration 5 ETF) and IBTM (iShares iBonds Dec 2032 Term Treasury ETF) are both Intermediate Core Bond funds. DDV is actively managed, while IBTM is passively managed. A 0.69 correlation means they provide meaningful diversification when combined. DDV charges 0.25%/yr vs 0.07%/yr for IBTM.

Performance

DDV vs. IBTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defined Duration 5 ETF (DDV) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM). 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 IBTM's -0.50% return.

DDV

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

IBTM

• 1D: -0.18%
• 1M: -0.15%
• YTD: -0.50%
• 6M: -0.81%
• 1Y: 3.93%
• 3Y*: 2.68%
• 5Y*: —
• 10Y*: —

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

DDV vs. IBTM - Yearly Performance Comparison

	2026 (YTD)	2025
DDV Defined Duration 5 ETF	2.23%	0.71%
IBTM iShares iBonds Dec 2032 Term Treasury ETF	-0.50%	0.34%

Correlation

The correlation between DDV and IBTM 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 14, 2025	0.69

Return for Risk

DDV vs. IBTM — Risk / Return Rank

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

IBTM

IBTM Risk / Return Rank: 26
IBTM Sharpe Ratio Rank: 27
IBTM Sortino Ratio Rank: 27
IBTM Omega Ratio Rank: 25
IBTM Calmar Ratio Rank: 26
IBTM Martin Ratio Rank: 26

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.

DDV vs. IBTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defined Duration 5 ETF (DDV) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM). 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	IBTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.06	0.20	+1.86

Drawdowns

DDV vs. IBTM - Drawdown Comparison

The maximum DDV drawdown since its inception was -1.92%, smaller than the maximum IBTM drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for DDV and IBTM.

Drawdown Indicators

	DDV	IBTM	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-13.60%	+11.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.26%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.86%	—
Current Drawdown Current decline from peak	-0.12%	-2.38%	+2.26%
Average Drawdown Average peak-to-trough decline	-0.35%	-4.82%	+4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.12%	—

Volatility

Volatility by Period

	DDV	IBTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.68%	4.09%	-1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.68%	7.56%	-4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.68%	7.56%	-4.88%

DDV vs. IBTM - Expense Ratio Comparison

DDV has a 0.25% expense ratio, which is higher than IBTM's 0.07% 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. IBTM - Dividend Comparison

DDV's dividend yield for the trailing twelve months is around 1.21%, less than IBTM's 3.95% yield.

Position	TTM	2025	2024	2023	2022
DDV Defined Duration 5 ETF	1.21%	0.42%	0.00%	0.00%	0.00%
IBTM iShares iBonds Dec 2032 Term Treasury ETF	3.95%	3.87%	3.96%	3.39%	1.38%

Frequently Asked Questions

Can I hold both DDV and IBTM in my portfolio?

DDV and IBTM 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.

Which ETF is better, DDV or IBTM?

On fees, IBTM is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDV or IBTM?

IBTM is cheaper with a 0.07% expense ratio, compared with 0.25% for DDV.

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

IBTM has the higher dividend yield at 3.95%, compared with 1.21% for DDV.

What is the main difference between DDV and IBTM?

They also come from different issuers: Discipline Funds and iShares. Their fees differ too: 0.25% for DDV and 0.07% for IBTM.