OCIO vs. DDX
OCIO (ClearShares OCIO ETF) and DDX (Defined Duration 10 ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past 3 years, OCIO returned 13.27%/yr vs 8.12%/yr for DDX. A 0.76 correlation means they provide meaningful diversification when combined. OCIO charges 0.61%/yr vs 0.25%/yr for DDX.
Performance
OCIO vs. DDX - Performance Comparison
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Returns By Period
In the year-to-date period, OCIO achieves a 7.89% return, which is significantly higher than DDX's 4.75% return.
OCIO
- 1D
- -1.91%
- 1M
- 0.56%
- YTD
- 7.89%
- 6M
- 7.37%
- 1Y
- 18.77%
- 3Y*
- 13.27%
- 5Y*
- 7.15%
- 10Y*
- —
DDX
- 1D
- -0.85%
- 1M
- 0.78%
- YTD
- 4.75%
- 6M
- 4.75%
- 1Y
- 11.82%
- 3Y*
- 8.12%
- 5Y*
- —
- 10Y*
- —
OCIO vs. DDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OCIO ClearShares OCIO ETF | 7.89% | 12.68% | 12.76% | 12.03% | -12.49% | 3.80% |
DDX Defined Duration 10 ETF | 4.75% | 12.02% | 2.93% | 10.48% | -16.19% | 1.34% |
Correlation
The correlation between OCIO and DDX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2021 | 0.76 |
The correlation between OCIO and DDX has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.
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Return for Risk
OCIO vs. DDX — Risk / Return Rank
OCIO
DDX
OCIO vs. DDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearShares OCIO ETF (OCIO) and Defined Duration 10 ETF (DDX). 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.
| OCIO | DDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.69 | +0.01 |
| Martin ratioReturn relative to average drawdown | 11.54 | 10.74 | +0.80 |
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Drawdowns
OCIO vs. DDX - Drawdown Comparison
The maximum OCIO drawdown since its inception was -24.21%, which is greater than DDX's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for OCIO and DDX.
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Drawdown Indicators
| OCIO | DDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.21% | -21.27% | -2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.98% | -4.41% | -2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -13.32% | -6.17% | -7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | — | — |
Current DrawdownCurrent decline from peak | -1.91% | -0.85% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -7.05% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.10% | +0.53% |
Volatility
OCIO vs. DDX - Volatility Comparison
ClearShares OCIO ETF (OCIO) has a higher volatility of 5.12% compared to Defined Duration 10 ETF (DDX) at 2.00%. This indicates that OCIO's price experiences larger fluctuations and is considered to be riskier than DDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OCIO | DDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 2.00% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 4.74% | +4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.68% | 5.69% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.79% | 7.48% | +3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.43% | 7.48% | +3.95% |
OCIO vs. DDX - Expense Ratio Comparison
OCIO has a 0.61% expense ratio, which is higher than DDX's 0.25% expense ratio.
Dividends
OCIO vs. DDX - Dividend Comparison
OCIO's dividend yield for the trailing twelve months is around 9.61%, more than DDX's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DDX Defined Duration 10 ETF | 3.39% | 3.17% | 3.11% | 2.41% | 1.38% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% |
OCIO ClearShares OCIO ETF | 9.61% | 10.27% | 1.87% | 2.32% | 3.21% | 2.83% | 2.90% | 2.22% | 0.01% | 1.68% |
Frequently Asked Questions
OCIO and DDX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OCIO has higher volatility (5.12%) compared to DDX (2.00%). In terms of maximum drawdown, OCIO dropped -24.21% vs DDX's -21.27%.
On 3-year performance, OCIO leads with 13.27% vs 8.12% for DDX. On fees, DDX is cheaper at 0.25% per year. On volatility, DDX has been the lower-risk option at 2.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OCIO has performed better with a 13.27% return vs 8.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DDX is cheaper with a 0.25% expense ratio, compared with 0.61% for OCIO.
OCIO has the higher dividend yield at 9.61%, compared with 3.39% for DDX.
They also come from different issuers: ClearShares LLC and Discipline Funds. Their fees differ too: 0.61% for OCIO and 0.25% for DDX.
DDX currently has the higher Sharpe Ratio (2.09 vs 1.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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