FIGB vs. DDV
FIGB (Fidelity Investment Grade Bond ETF) and DDV (Defined Duration 5 ETF) are both Intermediate Core Bond funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. FIGB charges 0.36%/yr vs 0.25%/yr for DDV.
Performance
FIGB vs. DDV - Performance Comparison
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Returns By Period
In the year-to-date period, FIGB achieves a 0.14% return, which is significantly lower than DDV's 2.23% return.
FIGB
- 1D
- -0.14%
- 1M
- 0.11%
- YTD
- 0.14%
- 6M
- 0.08%
- 1Y
- 4.93%
- 3Y*
- 4.09%
- 5Y*
- 0.24%
- 10Y*
- —
DDV
- 1D
- -0.02%
- 1M
- 0.73%
- YTD
- 2.23%
- 6M
- 2.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIGB vs. DDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 0.14% | 0.49% |
DDV Defined Duration 5 ETF | 2.23% | 0.71% |
Correlation
The correlation between FIGB and DDV is 0.67, 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 | 0.67 |
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Return for Risk
FIGB vs. DDV — Risk / Return Rank
FIGB
DDV
FIGB vs. DDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and Defined Duration 5 ETF (DDV). 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.
| FIGB | DDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | — | — |
| Martin ratioReturn relative to average drawdown | 5.25 | — | — |
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
| FIGB | DDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 2.06 | -1.99 |
Drawdowns
FIGB vs. DDV - Drawdown Comparison
The maximum FIGB drawdown since its inception was -18.08%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for FIGB and DDV.
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Drawdown Indicators
| FIGB | DDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -1.92% | -16.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | — | — |
Current DrawdownCurrent decline from peak | -1.60% | -0.12% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -0.35% | -6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | — | — |
Volatility
FIGB vs. DDV - Volatility Comparison
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Volatility by Period
| FIGB | DDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 2.68% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 2.68% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.17% | 2.68% | +3.49% |
FIGB vs. DDV - Expense Ratio Comparison
FIGB has a 0.36% expense ratio, which is higher than DDV's 0.25% expense ratio.
Dividends
FIGB vs. DDV - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.11%, more than DDV's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DDV Defined Duration 5 ETF | 1.21% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
FIGB Fidelity Investment Grade Bond ETF | 4.11% | 4.15% | 4.28% | 3.79% | 2.44% | 1.10% |
Frequently Asked Questions
FIGB and DDV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
DDV is cheaper with a 0.25% expense ratio, compared with 0.36% for FIGB.
FIGB has the higher dividend yield at 4.11%, compared with 1.21% for DDV.
They also come from different issuers: Fidelity and Discipline Funds. Their fees differ too: 0.36% for FIGB and 0.25% for DDV.
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