IBCA vs. DDV

Last updated Jun 26, 2026

IBCA (iShares iBonds Dec 2035 Term Corporate ETF) and DDV (Defined Duration 5 ETF) are both Intermediate Core Bond funds. IBCA is passively managed, while DDV is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. IBCA charges 0.10%/yr vs 0.25%/yr for DDV.

Performance

IBCA vs. DDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2035 Term Corporate ETF (IBCA) 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, IBCA achieves a 0.90% return, which is significantly lower than DDV's 2.51% return.

IBCA

• 1D: 0.12%
• 1M: 0.82%
• YTD: 0.90%
• 6M: 0.71%
• 1Y: 5.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDV

• 1D: 0.22%
• 1M: 0.18%
• YTD: 2.51%
• 6M: 2.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBCA vs. DDV - Yearly Performance Comparison

	2026 (YTD)	2025
IBCA iShares iBonds Dec 2035 Term Corporate ETF	0.90%	0.62%
DDV Defined Duration 5 ETF	2.51%	0.47%

Correlation

The correlation between IBCA 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 13, 2025	0.69

Return for Risk

IBCA vs. DDV — Risk / Return Rank

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

IBCA

IBCA Risk / Return Rank: 35
IBCA Sharpe Ratio Rank: 34
IBCA Sortino Ratio Rank: 34
IBCA Omega Ratio Rank: 32
IBCA Calmar Ratio Rank: 38
IBCA Martin Ratio Rank: 38

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.

IBCA vs. DDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2035 Term Corporate ETF (IBCA) 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.

	IBCA	DDV	Difference
Sharpe ratio: Return per unit of total volatility	1.15	—	—
Sortino ratio: Return per unit of downside risk	1.71	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.77	—	—
Martin ratio: Return relative to average drawdown	5.36	—	—

Drawdowns

IBCA vs. DDV - Drawdown Comparison

The maximum IBCA drawdown since its inception was -3.48%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for IBCA and DDV.

Drawdown Indicators

	IBCA	DDV	Difference
Max Drawdown Largest peak-to-trough decline	-3.48%	-1.92%	-1.56%
Max Drawdown (1Y) Largest decline over 1 year	-3.19%	—	—
Current Drawdown Current decline from peak	-0.72%	0.00%	-0.72%
Average Drawdown Average peak-to-trough decline	-0.83%	-0.35%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	—	—

Volatility

Volatility by Period

	IBCA	DDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.88%	2.69%	+2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.72%	2.69%	+3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.72%	2.69%	+3.03%

IBCA vs. DDV - Expense Ratio Comparison

IBCA has a 0.10% 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

IBCA vs. DDV - Dividend Comparison

IBCA's dividend yield for the trailing twelve months is around 4.64%, more than DDV's 1.20% yield.

Position	TTM	2025
DDV Defined Duration 5 ETF	1.20%	0.42%
IBCA iShares iBonds Dec 2035 Term Corporate ETF	4.64%	3.19%

Frequently Asked Questions

Can I hold both IBCA and DDV in my portfolio?

IBCA 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.

Which ETF is better, IBCA or DDV?

On fees, IBCA is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBCA or DDV?

IBCA is cheaper with a 0.10% expense ratio, compared with 0.25% for DDV.

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

IBCA has the higher dividend yield at 4.64%, compared with 1.20% for DDV.

What is the main difference between IBCA and DDV?

They also come from different issuers: iShares and Discipline Funds. Their fees differ too: 0.10% for IBCA and 0.25% for DDV.