ISDB vs. DDV

Last updated Jun 3, 2026

ISDB (Invesco Short Duration Bond ETF) and DDV (Defined Duration 5 ETF) are both exchange-traded funds - ISDB is a Short-Term Bond fund actively managed by Invesco, while DDV is a Intermediate Core Bond fund actively managed by Discipline Funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. ISDB charges 0.36%/yr vs 0.25%/yr for DDV.

Performance

ISDB vs. DDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Short Duration Bond ETF (ISDB) 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, ISDB achieves a 1.12% return, which is significantly lower than DDV's 2.25% return.

ISDB

• 1D: 0.04%
• 1M: 0.30%
• YTD: 1.12%
• 6M: 1.61%
• 1Y: 5.16%
• 3Y*: 5.63%
• 5Y*: —
• 10Y*: —

DDV

• 1D: -0.04%
• 1M: 0.52%
• YTD: 2.25%
• 6M: 2.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ISDB vs. DDV - Yearly Performance Comparison

	2026 (YTD)	2025
ISDB Invesco Short Duration Bond ETF	1.12%	0.83%
DDV Defined Duration 5 ETF	2.25%	0.71%

Correlation

The correlation between ISDB and DDV is 0.62, 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	0.62

Return for Risk

ISDB vs. DDV — Risk / Return Rank

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

ISDB

ISDB Risk / Return Rank: 92
ISDB Sharpe Ratio Rank: 94
ISDB Sortino Ratio Rank: 96
ISDB Omega Ratio Rank: 97
ISDB Calmar Ratio Rank: 84
ISDB Martin Ratio Rank: 90

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.

ISDB vs. DDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration Bond ETF (ISDB) 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.

	ISDB	DDV	Difference
Sharpe ratio Return per unit of total volatility	3.73	—	—
Sortino ratio Return per unit of downside risk	5.88	—	—
Omega ratio Gain probability vs. loss probability	1.88	—	—
Calmar ratio Return relative to maximum drawdown	4.59	—	—
Martin ratio Return relative to average drawdown	21.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ISDB	DDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.79	2.09	+0.71

Drawdowns

ISDB vs. DDV - Drawdown Comparison

The maximum ISDB drawdown since its inception was -1.83%, roughly equal to the maximum DDV drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for ISDB and DDV.

Drawdown Indicators

	ISDB	DDV	Difference
Max Drawdown Largest peak-to-trough decline	-1.83%	-1.92%	+0.09%
Max Drawdown (1Y) Largest decline over 1 year	-1.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.12%	—	—
Current Drawdown Current decline from peak	-0.03%	-0.09%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.25%	-0.35%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.24%	—	—

Volatility

Volatility by Period

	ISDB	DDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.39%	2.69%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.85%	2.69%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.85%	2.69%	-0.84%

ISDB vs. DDV - Expense Ratio Comparison

ISDB has a 0.36% expense ratio, which is higher than DDV's 0.25% expense ratio.

Dividends

ISDB vs. DDV - Dividend Comparison

ISDB's dividend yield for the trailing twelve months is around 4.58%, more than DDV's 1.21% yield.

Position	TTM	2025	2024	2023
DDV Defined Duration 5 ETF	1.21%	0.42%	0.00%	0.00%
ISDB Invesco Short Duration Bond ETF	4.58%	4.89%	5.50%	5.20%

Frequently Asked Questions

Can I hold both ISDB and DDV in my portfolio?

ISDB and DDV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISDB or DDV?

On fees, DDV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISDB or DDV?

DDV is cheaper with a 0.25% expense ratio, compared with 0.36% for ISDB.

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

ISDB has the higher dividend yield at 4.58%, compared with 1.21% for DDV.

What is the main difference between ISDB and DDV?

ISDB is categorized as Short-Term Bond, while DDV is Intermediate Core Bond. They also come from different issuers: Invesco and Discipline Funds. Their fees differ too: 0.36% for ISDB and 0.25% for DDV.