SJLD vs. DDV

Last updated Jul 14, 2026

SJLD (SanJac Alpha Low Duration ETF) and DDV (Defined Duration 5 ETF) are both exchange-traded funds - SJLD is a Short-Term Bond fund actively managed by SanJac Alpha, while DDV is a Intermediate Core Bond fund actively managed by Discipline Funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. SJLD charges 0.35%/yr vs 0.25%/yr for DDV.

Performance

SJLD vs. DDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SanJac Alpha Low Duration ETF (SJLD) and Defined Duration 5 ETF (DDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SJLD having a 2.12% return and DDV slightly higher at 2.14%.

SJLD

• 1D: 0.06%
• 1M: 0.44%
• 6M: 2.12%
• YTD: 2.12%
• 1Y: 4.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDV

• 1D: -0.23%
• 1M: -0.14%
• 6M: 1.64%
• YTD: 2.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SJLD vs. DDV - Yearly Performance Comparison

	2026 (YTD)	2025
SJLD SanJac Alpha Low Duration ETF	2.12%	0.07%
DDV Defined Duration 5 ETF	2.14%	0.47%

Correlation

The correlation between SJLD and DDV is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.41

Return for Risk

SJLD vs. DDV — Risk / Return Rank

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

SJLD

SJLD Risk / Return Rank: 94
SJLD Sharpe Ratio Rank: 93
SJLD Sortino Ratio Rank: 95
SJLD Omega Ratio Rank: 96
SJLD Calmar Ratio Rank: 92
SJLD Martin Ratio Rank: 95

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.

SJLD vs. DDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SanJac Alpha Low Duration ETF (SJLD) 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.

	SJLD	DDV	Difference
Sharpe ratio: Return per unit of total volatility	2.62	—	—
Sortino ratio: Return per unit of downside risk	4.35	—	—
Omega ratio: Gain probability vs. loss probability	1.65	—	—
Calmar ratio: Return relative to maximum drawdown	4.72	—	—
Martin ratio: Return relative to average drawdown	22.38	—	—

Drawdowns

SJLD vs. DDV - Drawdown Comparison

The maximum SJLD drawdown since its inception was -1.04%, smaller than the maximum DDV drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for SJLD and DDV.

Drawdown Indicators

	SJLD	DDV	Difference
Max Drawdown Largest peak-to-trough decline	-1.04%	-1.92%	+0.88%
Max Drawdown (1Y) Largest decline over 1 year	-1.04%	—	—
Current Drawdown Current decline from peak	0.00%	-0.49%	+0.49%
Average Drawdown Average peak-to-trough decline	-0.12%	-0.34%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	—	—

Volatility

Volatility by Period

	SJLD	DDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.89%	2.68%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.91%	2.68%	-0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.91%	2.68%	-0.77%

SJLD vs. DDV - Expense Ratio Comparison

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

Dividends

SJLD vs. DDV - Dividend Comparison

SJLD's dividend yield for the trailing twelve months is around 4.41%, more than DDV's 1.63% yield.

Position	TTM	2025	2024
DDV Defined Duration 5 ETF	1.63%	0.42%	0.00%
SJLD SanJac Alpha Low Duration ETF	4.41%	3.74%	1.26%

Frequently Asked Questions

Can I hold both SJLD and DDV in my portfolio?

SJLD and DDV have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SJLD 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, SJLD or DDV?

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

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

SJLD has the higher dividend yield at 4.41%, compared with 1.63% for DDV.

What is the main difference between SJLD and DDV?

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