IBTM vs. DDV
IBTM (iShares iBonds Dec 2032 Term Treasury ETF) and DDV (Defined Duration 5 ETF) are both Intermediate Core Bond funds. IBTM is passively managed, while DDV is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. IBTM charges 0.07%/yr vs 0.25%/yr for DDV.
Performance
IBTM vs. DDV - Performance Comparison
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Returns By Period
In the year-to-date period, IBTM achieves a -0.50% return, which is significantly lower than DDV's 2.23% return.
IBTM
- 1D
- -0.18%
- 1M
- -0.15%
- YTD
- -0.50%
- 6M
- -0.81%
- 1Y
- 3.93%
- 3Y*
- 2.68%
- 5Y*
- —
- 10Y*
- —
DDV
- 1D
- -0.02%
- 1M
- 0.73%
- YTD
- 2.23%
- 6M
- 2.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTM vs. DDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBTM iShares iBonds Dec 2032 Term Treasury ETF | -0.50% | 0.34% |
DDV Defined Duration 5 ETF | 2.23% | 0.71% |
Correlation
The correlation between IBTM 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 |
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Return for Risk
IBTM vs. DDV — Risk / Return Rank
IBTM
DDV
IBTM vs. DDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) 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.
| IBTM | DDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | — | — |
| Martin ratioReturn relative to average drawdown | 3.51 | — | — |
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
| IBTM | DDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 2.06 | -1.86 |
Drawdowns
IBTM vs. DDV - Drawdown Comparison
The maximum IBTM drawdown since its inception was -13.60%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for IBTM and DDV.
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Drawdown Indicators
| IBTM | DDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.60% | -1.92% | -11.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | — | — |
Current DrawdownCurrent decline from peak | -2.38% | -0.12% | -2.26% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -0.35% | -4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | — | — |
Volatility
IBTM vs. DDV - Volatility Comparison
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Volatility by Period
| IBTM | DDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 2.68% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 2.68% | +4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.56% | 2.68% | +4.88% |
IBTM vs. DDV - Expense Ratio Comparison
IBTM has a 0.07% 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
IBTM vs. DDV - Dividend Comparison
IBTM's dividend yield for the trailing twelve months is around 3.95%, more than DDV's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DDV Defined Duration 5 ETF | 1.21% | 0.42% | 0.00% | 0.00% | 0.00% |
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 3.95% | 3.87% | 3.96% | 3.39% | 1.38% |
Frequently Asked Questions
IBTM 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, IBTM is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTM is cheaper with a 0.07% expense ratio, compared with 0.25% for DDV.
IBTM has the higher dividend yield at 3.95%, compared with 1.21% for DDV.
They also come from different issuers: iShares and Discipline Funds. Their fees differ too: 0.07% for IBTM and 0.25% for DDV.
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