USTB vs. DDV

Last updated Aug 2, 2026

USTB (VictoryShares Short-Term Bond ETF) and DDV (Defined Duration 5 ETF) are both exchange-traded funds - USTB is a Short-Term Bond fund tracking the Bloomberg 1–3 Year Credit Index, while DDV is a Intermediate Core Bond fund actively managed by Discipline Funds. USTB is passively managed, while DDV is actively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. USTB charges 0.34%/yr vs 0.25%/yr for DDV.

Performance

USTB vs. DDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Short-Term Bond ETF (USTB) 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, USTB achieves a 1.60% return, which is significantly lower than DDV's 2.35% return.

USTB

• 1D: -0.02%
• 1M: 0.11%
• 6M: 1.22%
• YTD: 1.60%
• 1Y: 3.80%
• 3Y*: 5.93%
• 5Y*: 3.51%
• 10Y*: —
• ALL TIME*: 3.45%

DDV

• 1D: -0.13%
• 1M: -0.06%
• 6M: 1.60%
• YTD: 2.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DDV Defined Duration 5 ETF	$74.78K	$50.90K	$102.48K
USTB VictoryShares Short-Term Bond ETF	$21.34M	$16.27M	$13.32M

USTB vs. DDV - Yearly Performance Comparison

	2026 (YTD)	2025
USTB VictoryShares Short-Term Bond ETF	1.60%	0.72%
DDV Defined Duration 5 ETF	2.35%	0.47%

Correlation

The correlation between USTB and DDV is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.62

Return for Risk

USTB vs. DDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

USTB

USTB Risk / Return Rank: 96
USTB Sharpe Ratio Rank: 97
USTB Sortino Ratio Rank: 98
USTB Omega Ratio Rank: 97
USTB Calmar Ratio Rank: 94
USTB Martin Ratio Rank: 96

DDV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USTB vs. DDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Short-Term Bond ETF (USTB) 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.

	USTB	DDV	Difference
Sharpe ratio: Return per unit of total volatility	3.46	—	—
Sortino ratio: Return per unit of downside risk	5.66	—	—
Omega ratio: Gain probability vs. loss probability	1.75	—	—
Calmar ratio: Return relative to maximum drawdown	4.98	—	—
Martin ratio: Return relative to average drawdown	22.48	—	—

Drawdowns

USTB vs. DDV - Drawdown Comparison

The maximum USTB drawdown since its inception was -5.32%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for USTB and DDV.

Drawdown Indicators

	USTB	DDV	Difference
Max Drawdown Largest peak-to-trough decline	-5.32%	-1.92%	-3.40%
Max Drawdown (1Y) Largest decline over 1 year	-0.84%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-4.96%	—	—
Current Drawdown Current decline from peak	-0.02%	-0.29%	+0.27%
Average Drawdown Average peak-to-trough decline	-0.64%	-0.34%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.19%	—	—

Volatility

Volatility by Period

	USTB	DDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.22%	2.64%	-1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.02%	2.64%	-0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.99%	2.64%	-0.65%

USTB vs. DDV - Expense Ratio Comparison

USTB has a 0.34% expense ratio, which is higher than DDV's 0.25% expense ratio.

Dividends

USTB vs. DDV - Dividend Comparison

USTB's dividend yield for the trailing twelve months is around 4.55%, more than DDV's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDV Defined Duration 5 ETF	1.62%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USTB VictoryShares Short-Term Bond ETF	4.55%	4.62%	5.05%	4.49%	2.54%	1.84%	2.59%	2.69%	2.32%	0.43%

Frequently Asked Questions

Can I hold both USTB and DDV in my portfolio?

USTB 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, USTB 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, USTB or DDV?

DDV is cheaper with a 0.25% expense ratio, compared with 0.34% for USTB.

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

USTB has the higher dividend yield at 4.55%, compared with 1.62% for DDV.

What is the main difference between USTB and DDV?

USTB is categorized as Short-Term Bond, while DDV is Intermediate Core Bond. They also come from different issuers: Victory and Discipline Funds. Their fees differ too: 0.34% for USTB and 0.25% for DDV.