TSEC vs. DDV

Last updated Jun 3, 2026

TSEC (Touchstone Securitized Income ETF) and DDV (Defined Duration 5 ETF) are both exchange-traded funds - TSEC is a Short-Term Bond fund actively managed by Touchstone, while DDV is a Intermediate Core Bond fund actively managed by Discipline Funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. TSEC charges 0.40%/yr vs 0.25%/yr for DDV.

Performance

TSEC vs. DDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Securitized Income ETF (TSEC) 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, TSEC achieves a 1.28% return, which is significantly lower than DDV's 2.25% return.

TSEC

• 1D: 0.02%
• 1M: 0.41%
• YTD: 1.28%
• 6M: 2.05%
• 1Y: 6.00%
• 3Y*: —
• 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)

TSEC vs. DDV - Yearly Performance Comparison

	2026 (YTD)	2025
TSEC Touchstone Securitized Income ETF	1.28%	1.25%
DDV Defined Duration 5 ETF	2.25%	0.71%

Correlation

The correlation between TSEC and DDV is 0.47, 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 14, 2025	0.47

Return for Risk

TSEC vs. DDV — Risk / Return Rank

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

TSEC

TSEC Risk / Return Rank: 70
TSEC Sharpe Ratio Rank: 66
TSEC Sortino Ratio Rank: 70
TSEC Omega Ratio Rank: 82
TSEC Calmar Ratio Rank: 69
TSEC Martin Ratio Rank: 63

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.

TSEC vs. DDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Securitized Income ETF (TSEC) 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.

	TSEC	DDV	Difference
Sharpe ratio Return per unit of total volatility	2.23	—	—
Sortino ratio Return per unit of downside risk	3.25	—	—
Omega ratio Gain probability vs. loss probability	1.50	—	—
Calmar ratio Return relative to maximum drawdown	3.53	—	—
Martin ratio Return relative to average drawdown	11.59	—	—
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

	TSEC	DDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.59	2.09	+0.51

Drawdowns

TSEC vs. DDV - Drawdown Comparison

The maximum TSEC drawdown since its inception was -1.78%, smaller than the maximum DDV drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for TSEC and DDV.

Drawdown Indicators

	TSEC	DDV	Difference
Max Drawdown Largest peak-to-trough decline	-1.78%	-1.92%	+0.14%
Max Drawdown (1Y) Largest decline over 1 year	-1.67%	—	—
Current Drawdown Current decline from peak	-0.31%	-0.09%	-0.22%
Average Drawdown Average peak-to-trough decline	-0.33%	-0.35%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	—	—

Volatility

Volatility by Period

	TSEC	DDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.70%	2.69%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.90%	2.69%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.90%	2.69%	+0.21%

TSEC vs. DDV - Expense Ratio Comparison

TSEC has a 0.40% expense ratio, which is higher than DDV's 0.25% expense ratio.

Dividends

TSEC vs. DDV - Dividend Comparison

TSEC's dividend yield for the trailing twelve months is around 7.30%, 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%
TSEC Touchstone Securitized Income ETF	7.30%	6.47%	5.83%	2.86%

Frequently Asked Questions

Can I hold both TSEC and DDV in my portfolio?

TSEC and DDV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSEC 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, TSEC or DDV?

DDV is cheaper with a 0.25% expense ratio, compared with 0.40% for TSEC.

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

TSEC has the higher dividend yield at 7.30%, compared with 1.21% for DDV.

What is the main difference between TSEC and DDV?

TSEC is categorized as Short-Term Bond, while DDV is Intermediate Core Bond. They also come from different issuers: Touchstone and Discipline Funds. Their fees differ too: 0.40% for TSEC and 0.25% for DDV.