FLDR vs. DDV

Last updated Jun 25, 2026

FLDR (Fidelity Low Duration Bond Factor ETF) and DDV (Defined Duration 5 ETF) are both exchange-traded funds - FLDR is a Short-Term Bond fund tracking the Fidelity Low Duration Investment Grade Factor Index, while DDV is a Intermediate Core Bond fund actively managed by Discipline Funds. FLDR is passively managed, while DDV is actively managed. At a 0.45 correlation, their price movements are largely independent. FLDR charges 0.15%/yr vs 0.25%/yr for DDV.

Performance

FLDR vs. DDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low Duration Bond Factor ETF (FLDR) and Defined Duration 5 ETF (DDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLDR achieves a 1.72% return, which is significantly lower than DDV's 2.29% return.

FLDR

• 1D: 0.02%
• 1M: 0.49%
• YTD: 1.72%
• 6M: 1.84%
• 1Y: 4.58%
• 3Y*: 5.34%
• 5Y*: 3.74%
• 10Y*: —

DDV

• 1D: 0.16%
• 1M: 0.36%
• YTD: 2.29%
• 6M: 2.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLDR vs. DDV - Yearly Performance Comparison

	2026 (YTD)	2025
FLDR Fidelity Low Duration Bond Factor ETF	1.72%	0.60%
DDV Defined Duration 5 ETF	2.29%	0.47%

Correlation

The correlation between FLDR and DDV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.45

Return for Risk

FLDR vs. DDV — Risk / Return Rank

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

FLDR

FLDR Risk / Return Rank: 98
FLDR Sharpe Ratio Rank: 98
FLDR Sortino Ratio Rank: 99
FLDR Omega Ratio Rank: 99
FLDR Calmar Ratio Rank: 97
FLDR Martin Ratio Rank: 98

DDV

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

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.

FLDR vs. DDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) 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.

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.

	FLDR	DDV	Difference
Sharpe ratio: Return per unit of total volatility	5.69	—	—
Sortino ratio: Return per unit of downside risk	9.57	—	—
Omega ratio: Gain probability vs. loss probability	2.63	—	—
Calmar ratio: Return relative to maximum drawdown	9.83	—	—
Martin ratio: Return relative to average drawdown	67.02	—	—

Drawdowns

FLDR vs. DDV - Drawdown Comparison

The maximum FLDR drawdown since its inception was -12.23%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for FLDR and DDV.

Drawdown Indicators

	FLDR	DDV	Difference
Max Drawdown Largest peak-to-trough decline	-12.23%	-1.92%	-10.31%
Max Drawdown (1Y) Largest decline over 1 year	-0.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-2.33%	—	—
Current Drawdown Current decline from peak	0.00%	-0.16%	+0.16%
Average Drawdown Average peak-to-trough decline	-0.35%	-0.35%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	—	—

Volatility

Volatility by Period

	FLDR	DDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.81%	2.68%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.21%	2.68%	-1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.25%	2.68%	+2.57%

FLDR vs. DDV - Expense Ratio Comparison

FLDR has a 0.15% expense ratio, which is lower than DDV's 0.25% 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

FLDR vs. DDV - Dividend Comparison

FLDR's dividend yield for the trailing twelve months is around 4.41%, more than DDV's 1.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DDV Defined Duration 5 ETF	1.21%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLDR Fidelity Low Duration Bond Factor ETF	4.41%	4.66%	5.50%	5.28%	2.09%	0.51%	1.22%	2.69%	1.38%

Frequently Asked Questions

Can I hold both FLDR and DDV in my portfolio?

FLDR and DDV have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLDR or DDV?

On fees, FLDR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLDR or DDV?

FLDR is cheaper with a 0.15% expense ratio, compared with 0.25% for DDV.

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

FLDR has the higher dividend yield at 4.41%, compared with 1.21% for DDV.

What is the main difference between FLDR and DDV?

FLDR is categorized as Short-Term Bond, while DDV is Intermediate Core Bond. They also come from different issuers: Fidelity and Discipline Funds. Their fees differ too: 0.15% for FLDR and 0.25% for DDV.