ZTWO vs. DDV
ZTWO (F/M 2-Year Investment Grade Corporate Bond ETF) and DDV (Defined Duration 5 ETF) are both exchange-traded funds - ZTWO is a Short-Term Bond fund tracking the ICE 2-Year US Target Maturity Corporate Index - Benchmark TR Gross, while DDV is a Intermediate Core Bond fund actively managed by Discipline Funds. ZTWO is passively managed, while DDV is actively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. ZTWO charges 0.15%/yr vs 0.25%/yr for DDV.
Performance
ZTWO vs. DDV - Performance Comparison
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Returns By Period
In the year-to-date period, ZTWO achieves a 1.30% return, which is significantly lower than DDV's 2.35% return.
ZTWO
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 0.87%
- YTD
- 1.30%
- 1Y
- 3.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.43%
DDV
- 1D
- -0.13%
- 1M
- -0.06%
- 6M
- 1.60%
- YTD
- 2.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $74.78K | $50.90K | $102.48K | |
| $88.61K | $63.37K | $67.56K |
ZTWO vs. DDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZTWO F/M 2-Year Investment Grade Corporate Bond ETF | 1.30% | 0.69% |
DDV Defined Duration 5 ETF | 2.35% | 0.47% |
Correlation
The correlation between ZTWO 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 |
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Return for Risk
ZTWO vs. DDV — Risk / Return Rank
ZTWO
DDV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZTWO vs. DDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) 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.
| ZTWO | DDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.53 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | — | — |
| Martin ratioReturn relative to average drawdown | 18.21 | — | — |
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Drawdowns
ZTWO vs. DDV - Drawdown Comparison
The maximum ZTWO drawdown since its inception was -0.93%, smaller than the maximum DDV drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for ZTWO and DDV.
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Drawdown Indicators
| ZTWO | DDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.93% | -1.92% | +0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.29% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -0.34% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | — | — |
Volatility
ZTWO vs. DDV - Volatility Comparison
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Volatility by Period
| ZTWO | DDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 2.64% | -1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.49% | 2.64% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.49% | 2.64% | -1.15% |
ZTWO vs. DDV - Expense Ratio Comparison
ZTWO has a 0.15% expense ratio, which is lower than DDV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZTWO vs. DDV - Dividend Comparison
ZTWO's dividend yield for the trailing twelve months is around 4.45%, more than DDV's 1.62% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DDV Defined Duration 5 ETF | 1.62% | 0.42% | 0.00% |
ZTWO F/M 2-Year Investment Grade Corporate Bond ETF | 4.13% | 4.31% | 0.39% |
Frequently Asked Questions
ZTWO 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.
On fees, ZTWO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZTWO is cheaper with a 0.15% expense ratio, compared with 0.25% for DDV.
ZTWO has the higher dividend yield at 4.13%, compared with 1.62% for DDV.
ZTWO is categorized as Short-Term Bond, while DDV is Intermediate Core Bond. They also come from different issuers: F/m and Discipline Funds. Their fees differ too: 0.15% for ZTWO and 0.25% for DDV.
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