DDX vs. MDIV
Compare and contrast key facts about Defined Duration 10 ETF (DDX) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).
DDX and MDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DDX is an actively managed fund by Discipline Funds. It was launched on Sep 21, 2021. MDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Multi-Asset Diversified Income Index. It was launched on Aug 14, 2012.
Performance
DDX vs. MDIV - Performance Comparison
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DDX vs. MDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DDX Defined Duration 10 ETF | 0.74% | 12.02% | 2.93% | 10.48% | -16.19% | 1.34% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 4.59% | 3.77% | 10.05% | 11.50% | -3.86% | 3.61% |
Returns By Period
In the year-to-date period, DDX achieves a 0.74% return, which is significantly lower than MDIV's 4.59% return.
DDX
- 1D
- 1.02%
- 1M
- -3.21%
- YTD
- 0.74%
- 6M
- 2.79%
- 1Y
- 9.41%
- 3Y*
- 6.77%
- 5Y*
- —
- 10Y*
- —
MDIV
- 1D
- 0.56%
- 1M
- -2.25%
- YTD
- 4.59%
- 6M
- 3.64%
- 1Y
- 5.04%
- 3Y*
- 10.12%
- 5Y*
- 6.28%
- 10Y*
- 5.01%
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DDX vs. MDIV - Expense Ratio Comparison
DDX has a 0.25% expense ratio, which is lower than MDIV's 0.73% expense ratio.
Return for Risk
DDX vs. MDIV — Risk / Return Rank
DDX
MDIV
DDX vs. MDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defined Duration 10 ETF (DDX) and First Trust Multi-Asset Diversified Income Index Fund (MDIV). 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.
| DDX | MDIV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.54 | 0.56 | +0.98 |
Sortino ratioReturn per unit of downside risk | 2.17 | 0.80 | +1.37 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.12 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 0.64 | +1.57 |
Martin ratioReturn relative to average drawdown | 8.58 | 2.58 | +6.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DDX | MDIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 0.56 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.33 | -0.07 |
Correlation
The correlation between DDX and MDIV is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DDX vs. MDIV - Dividend Comparison
DDX's dividend yield for the trailing twelve months is around 3.53%, less than MDIV's 6.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDX Defined Duration 10 ETF | 3.53% | 3.17% | 3.11% | 2.41% | 1.38% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.30% | 6.51% | 6.40% | 6.08% | 6.71% | 5.30% | 6.00% | 5.90% | 6.76% | 6.04% | 6.35% | 7.38% |
Drawdowns
DDX vs. MDIV - Drawdown Comparison
The maximum DDX drawdown since its inception was -21.27%, smaller than the maximum MDIV drawdown of -48.50%. Use the drawdown chart below to compare losses from any high point for DDX and MDIV.
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Drawdown Indicators
| DDX | MDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.27% | -48.50% | +27.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -8.84% | +4.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.50% | — |
Current DrawdownCurrent decline from peak | -3.21% | -2.25% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -4.64% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 2.20% | -1.06% |
Volatility
DDX vs. MDIV - Volatility Comparison
Defined Duration 10 ETF (DDX) has a higher volatility of 2.75% compared to First Trust Multi-Asset Diversified Income Index Fund (MDIV) at 2.11%. This indicates that DDX's price experiences larger fluctuations and is considered to be riskier than MDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DDX | MDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 2.11% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 4.82% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 9.73% | -3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.50% | 11.02% | -3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 15.27% | -7.77% |