GVI vs. DDV
GVI (iShares Intermediate Government/Credit Bond ETF) and DDV (Defined Duration 5 ETF) are both exchange-traded funds - GVI is a Short-Term Bond fund tracking the Bloomberg U.S. Intermediate Government/Credit Bond, while DDV is a Intermediate Core Bond fund actively managed by Discipline Funds. GVI is passively managed, while DDV is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. GVI charges 0.20%/yr vs 0.25%/yr for DDV.
Performance
GVI vs. DDV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GVI achieves a 0.09% return, which is significantly lower than DDV's 2.23% return.
GVI
- 1D
- 0.09%
- 1M
- 0.02%
- YTD
- 0.09%
- 6M
- 0.31%
- 1Y
- 3.57%
- 3Y*
- 4.23%
- 5Y*
- 1.00%
- 10Y*
- 1.81%
DDV
- 1D
- -0.02%
- 1M
- 0.73%
- YTD
- 2.23%
- 6M
- 2.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GVI vs. DDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GVI iShares Intermediate Government/Credit Bond ETF | 0.09% | 0.61% |
DDV Defined Duration 5 ETF | 2.23% | 0.71% |
Correlation
The correlation between GVI and DDV is 0.69, 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 | 0.69 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GVI vs. DDV — Risk / Return Rank
GVI
DDV
GVI vs. DDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Intermediate Government/Credit Bond ETF (GVI) 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.
| GVI | DDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | — | — |
| Martin ratioReturn relative to average drawdown | 6.04 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GVI | DDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 2.06 | -1.30 |
Drawdowns
GVI vs. DDV - Drawdown Comparison
The maximum GVI drawdown since its inception was -12.93%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for GVI and DDV.
Loading charts...
Drawdown Indicators
| GVI | DDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.93% | -1.92% | -11.01% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.93% | — | — |
Current DrawdownCurrent decline from peak | -1.08% | -0.12% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -0.35% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | — | — |
Volatility
GVI vs. DDV - Volatility Comparison
Loading charts...
Volatility by Period
| GVI | DDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 2.68% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.97% | 2.68% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.53% | 2.68% | +0.85% |
GVI vs. DDV - Expense Ratio Comparison
GVI has a 0.20% 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
GVI vs. DDV - Dividend Comparison
GVI's dividend yield for the trailing twelve months is around 3.62%, more than DDV's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDV Defined Duration 5 ETF | 1.21% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GVI iShares Intermediate Government/Credit Bond ETF | 3.62% | 3.48% | 3.40% | 2.75% | 1.86% | 1.46% | 1.84% | 2.29% | 2.16% | 1.91% | 1.77% | 1.75% |
Frequently Asked Questions
GVI and DDV 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.
On fees, GVI is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GVI is cheaper with a 0.20% expense ratio, compared with 0.25% for DDV.
GVI has the higher dividend yield at 3.62%, compared with 1.21% for DDV.
GVI is categorized as Short-Term Bond, while DDV is Intermediate Core Bond. They also come from different issuers: iShares and Discipline Funds. Their fees differ too: 0.20% for GVI and 0.25% for DDV.
Find the right allocation for GVI and DDV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer