GBND vs. DDV

Last updated Aug 2, 2026

GBND (Goldman Sachs Core Bond ETF) and DDV (Defined Duration 5 ETF) are both Intermediate Core Bond funds. Both are actively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.25% expense ratio.

Performance

GBND vs. DDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Core Bond ETF (GBND) 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, GBND achieves a -0.65% return, which is significantly lower than DDV's 2.35% return.

GBND

• 1D: -0.22%
• 1M: -1.20%
• 6M: -0.93%
• YTD: -0.65%
• 1Y: 2.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.75%

DDV

• 1D: -0.13%
• 1M: -0.06%
• 6M: 1.60%
• YTD: 2.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
DDV Defined Duration 5 ETF	$74.78K	$50.90K	$102.48K
GBND Goldman Sachs Core Bond ETF	$1.06M	$992.75K	$2.02M

GBND vs. DDV - Yearly Performance Comparison

	2026 (YTD)	2025
GBND Goldman Sachs Core Bond ETF	-0.65%	0.26%
DDV Defined Duration 5 ETF	2.35%	0.47%

Correlation

The correlation between GBND and DDV is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.72

Return for Risk

GBND vs. DDV — Risk / Return Rank

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

GBND

GBND Risk / Return Rank: 32
GBND Sharpe Ratio Rank: 34
GBND Sortino Ratio Rank: 33
GBND Omega Ratio Rank: 31
GBND Calmar Ratio Rank: 32
GBND Martin Ratio Rank: 31

DDV

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

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.

GBND vs. DDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Core Bond ETF (GBND) 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.

	GBND	DDV	Difference
Sharpe ratio: Return per unit of total volatility	0.84	—	—
Sortino ratio: Return per unit of downside risk	1.23	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.10	—	—
Martin ratio: Return relative to average drawdown	2.81	—	—

Drawdowns

GBND vs. DDV - Drawdown Comparison

The maximum GBND drawdown since its inception was -2.76%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for GBND and DDV.

Drawdown Indicators

	GBND	DDV	Difference
Max Drawdown Largest peak-to-trough decline	-2.76%	-1.92%	-0.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	—	—
Current Drawdown Current decline from peak	-2.36%	-0.29%	-2.07%
Average Drawdown Average peak-to-trough decline	-0.76%	-0.34%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	—	—

Volatility

Volatility by Period

	GBND	DDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.63%	2.64%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.61%	2.64%	+0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.61%	2.64%	+0.97%

GBND vs. DDV - Expense Ratio Comparison

Both GBND and DDV have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

GBND vs. DDV - Dividend Comparison

GBND's dividend yield for the trailing twelve months is around 3.87%, more than DDV's 1.62% yield.

Position	TTM	2025
DDV Defined Duration 5 ETF	1.62%	0.42%
GBND Goldman Sachs Core Bond ETF	3.46%	2.20%

Frequently Asked Questions

Can I hold both GBND and DDV in my portfolio?

GBND and DDV have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GBND or DDV?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBND or DDV?

GBND and DDV have the same expense ratio: 0.25% per year.

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

GBND has the higher dividend yield at 3.46%, compared with 1.62% for DDV.

What is the main difference between GBND and DDV?

They also come from different issuers: Goldman Sachs and Discipline Funds.