DUKZ vs. FTBD

Last updated Aug 2, 2026

DUKZ (Ocean Park Diversified Income ETF) and FTBD (Fidelity Tactical Bond ETF) are both Nontraditional Bonds funds. Both are actively managed. Over the past year, DUKZ returned 4.58% vs 2.85% for FTBD. Their 0.74 correlation means they have sometimes moved together and sometimes differently. DUKZ charges 1.03%/yr vs 0.55%/yr for FTBD.

Performance

DUKZ vs. FTBD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ocean Park Diversified Income ETF (DUKZ) and Fidelity Tactical Bond ETF (FTBD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUKZ achieves a 1.38% return, which is significantly higher than FTBD's 0.23% return.

DUKZ

• 1D: -0.03%
• 1M: -1.10%
• 6M: 0.43%
• YTD: 1.38%
• 1Y: 4.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.00%

FTBD

• 1D: -0.30%
• 1M: -1.29%
• 6M: -0.17%
• YTD: 0.23%
• 1Y: 2.85%
• 3Y*: 4.86%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.94%

*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)
DUKZ Ocean Park Diversified Income ETF	$214.45K	$470.33K	$592.18K
FTBD Fidelity Tactical Bond ETF	$249.36K	$231.06K	$183.56K

DUKZ vs. FTBD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DUKZ Ocean Park Diversified Income ETF	1.38%	4.24%	2.55%
FTBD Fidelity Tactical Bond ETF	0.23%	8.35%	0.85%

Correlation

The correlation between DUKZ and FTBD is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.74

The correlation between DUKZ and FTBD has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.

Return for Risk

DUKZ vs. FTBD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DUKZ

DUKZ Risk / Return Rank: 40
DUKZ Sharpe Ratio Rank: 41
DUKZ Sortino Ratio Rank: 38
DUKZ Omega Ratio Rank: 40
DUKZ Calmar Ratio Rank: 39
DUKZ Martin Ratio Rank: 43

FTBD

FTBD Risk / Return Rank: 34
FTBD Sharpe Ratio Rank: 34
FTBD Sortino Ratio Rank: 32
FTBD Omega Ratio Rank: 30
FTBD Calmar Ratio Rank: 36
FTBD Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DUKZ vs. FTBD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ocean Park Diversified Income ETF (DUKZ) and Fidelity Tactical Bond ETF (FTBD). 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.

	DUKZ	FTBD	Difference
Sharpe ratio: Return per unit of total volatility	1.03	0.85	+0.18
Sortino ratio: Return per unit of downside risk	1.45	1.24	+0.21
Omega ratio: Gain probability vs. loss probability	1.19	1.15	+0.04
Calmar ratio: Return relative to maximum drawdown	1.40	1.22	+0.18
Martin ratio: Return relative to average drawdown	4.72	3.79	+0.93

DUKZ vs. FTBD - Sharpe Ratio Comparison

The current DUKZ Sharpe Ratio is 1.03, which is comparable to the FTBD Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of DUKZ and FTBD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DUKZ vs. FTBD - Drawdown Comparison

The maximum DUKZ drawdown since its inception was -4.70%, smaller than the maximum FTBD drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for DUKZ and FTBD.

Drawdown Indicators

	DUKZ	FTBD	Difference
Max Drawdown Largest peak-to-trough decline	-4.70%	-6.98%	+2.28%
Max Drawdown (1Y) Largest decline over 1 year	-3.39%	-2.98%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.31%	—
Current Drawdown Current decline from peak	-1.75%	-1.90%	+0.15%
Average Drawdown Average peak-to-trough decline	-1.12%	-1.55%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	0.96%	+0.05%

Volatility

DUKZ vs. FTBD - Volatility Comparison

The current volatility for Ocean Park Diversified Income ETF (DUKZ) is 0.95%, while Fidelity Tactical Bond ETF (FTBD) has a volatility of 1.39%. This indicates that DUKZ experiences smaller price fluctuations and is considered to be less risky than FTBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUKZ	FTBD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.95%	1.39%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	4.07%	3.45%	+0.62%
Volatility (1Y) Calculated over the trailing 1-year period	4.62%	4.29%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.38%	5.80%	-1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.38%	5.80%	-1.42%

DUKZ vs. FTBD - Expense Ratio Comparison

DUKZ has a 1.03% expense ratio, which is higher than FTBD's 0.55% expense ratio.

Dividends

DUKZ vs. FTBD - Dividend Comparison

DUKZ's dividend yield for the trailing twelve months is around 3.91%, less than FTBD's 5.09% yield.

Position	TTM	2025	2024	2023
DUKZ Ocean Park Diversified Income ETF	3.91%	4.05%	2.44%	0.00%
FTBD Fidelity Tactical Bond ETF	5.09%	5.04%	4.76%	4.69%

Frequently Asked Questions

Can I hold both DUKZ and FTBD in my portfolio?

DUKZ and FTBD 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 is riskier, DUKZ or FTBD?

FTBD has higher volatility (1.39%) compared to DUKZ (0.95%). In terms of maximum drawdown, DUKZ dropped -4.70% vs FTBD's -6.98%.

Which ETF is better, DUKZ or FTBD?

On 1-year performance, DUKZ leads with 4.58% vs 2.85% for FTBD. On fees, FTBD is cheaper at 0.55% per year. On volatility, DUKZ has been the lower-risk option at 0.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUKZ or FTBD?

Over the 1-year period, DUKZ has performed better with a 4.58% return vs 2.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUKZ or FTBD?

FTBD is cheaper with a 0.55% expense ratio, compared with 1.03% for DUKZ.

Which ETF pays a higher dividend yield, DUKZ or FTBD?

FTBD has the higher dividend yield at 5.09%, compared with 3.91% for DUKZ.

What is the main difference between DUKZ and FTBD?

They also come from different issuers: Ocean Park and Fidelity. Their fees differ too: 1.03% for DUKZ and 0.55% for FTBD.

Which has better risk-adjusted returns?

DUKZ currently has the higher Sharpe Ratio (1.03 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.