NBSD vs. DDV

Last updated Jun 4, 2026

NBSD (Neuberger Berman Short Duration Income ETF) and DDV (Defined Duration 5 ETF) are both exchange-traded funds - NBSD is a Short-Term Bond fund actively managed by Neuberger Berman, while DDV is a Intermediate Core Bond fund actively managed by Discipline Funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. NBSD charges 0.35%/yr vs 0.25%/yr for DDV.

Performance

NBSD vs. DDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Short Duration Income ETF (NBSD) 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, NBSD achieves a 0.83% return, which is significantly lower than DDV's 2.23% return.

NBSD

• 1D: -0.04%
• 1M: 0.20%
• YTD: 0.83%
• 6M: 1.27%
• 1Y: 4.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDV

• 1D: -0.02%
• 1M: 0.73%
• YTD: 2.23%
• 6M: 2.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBSD vs. DDV - Yearly Performance Comparison

	2026 (YTD)	2025
NBSD Neuberger Berman Short Duration Income ETF	0.83%	0.88%
DDV Defined Duration 5 ETF	2.23%	0.71%

Correlation

The correlation between NBSD and DDV is 0.55, 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	0.55

Return for Risk

NBSD vs. DDV — Risk / Return Rank

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

NBSD

NBSD Risk / Return Rank: 90
NBSD Sharpe Ratio Rank: 91
NBSD Sortino Ratio Rank: 95
NBSD Omega Ratio Rank: 95
NBSD Calmar Ratio Rank: 79
NBSD 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.

NBSD vs. DDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Short Duration Income ETF (NBSD) 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.

	NBSD	DDV	Difference
Sharpe ratio: Return per unit of total volatility	3.24	—	—
Sortino ratio: Return per unit of downside risk	5.32	—	—
Omega ratio: Gain probability vs. loss probability	1.71	—	—
Calmar ratio: Return relative to maximum drawdown	4.00	—	—
Martin ratio: Return relative to average drawdown	20.74	—	—
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

	NBSD	DDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.05	2.06	-0.01

Drawdowns

NBSD vs. DDV - Drawdown Comparison

The maximum NBSD drawdown since its inception was -2.63%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for NBSD and DDV.

Drawdown Indicators

	NBSD	DDV	Difference
Max Drawdown Largest peak-to-trough decline	-2.63%	-1.92%	-0.71%
Max Drawdown (1Y) Largest decline over 1 year	-1.19%	—	—
Current Drawdown Current decline from peak	-0.14%	-0.12%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.23%	-0.35%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	—	—

Volatility

Volatility by Period

	NBSD	DDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.47%	2.68%	-1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.78%	2.68%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.78%	2.68%	+0.10%

NBSD vs. DDV - Expense Ratio Comparison

NBSD has a 0.35% expense ratio, which is higher than DDV's 0.25% expense ratio.

Dividends

NBSD vs. DDV - Dividend Comparison

NBSD's dividend yield for the trailing twelve months is around 4.81%, more than DDV's 1.21% yield.

Position	TTM	2025	2024
DDV Defined Duration 5 ETF	1.21%	0.42%	0.00%
NBSD Neuberger Berman Short Duration Income ETF	4.81%	5.06%	2.96%

Frequently Asked Questions

Can I hold both NBSD and DDV in my portfolio?

NBSD and DDV have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBSD 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, NBSD or DDV?

DDV is cheaper with a 0.25% expense ratio, compared with 0.35% for NBSD.

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

NBSD has the higher dividend yield at 4.81%, compared with 1.21% for DDV.

What is the main difference between NBSD and DDV?

NBSD is categorized as Short-Term Bond, while DDV is Intermediate Core Bond. They also come from different issuers: Neuberger Berman and Discipline Funds. Their fees differ too: 0.35% for NBSD and 0.25% for DDV.