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DDX

GradeCChicago Board Options Exchange

Defined Duration 10 ETF

Multi-Asset & Alternatives · Discipline Funds · Inception 2021-09-20

$25.08−0.19 (−0.75%)

As of Sep 23, 2026, 12:42 PM EDT

Intraday session: down, 7 prints from 25.27 to 25.08. Range 25.08 to 25.18. Use the arrow keys to read each point.$25.12$25.1610 AM12 PM2 PM4 PM
Expense ratio
0.29%
Fund size
$75M
1Y return
+8.2%
Yield · Last 12 months
3.31%
Volume · 30D
0M sh
NAV per share
$25.13
52W range
low $23.93high $25.52

The ETF.net DDX Grade

C

41/ 100

Rank 5 of 5 in Balanced Allocation

Confidence Low

Six-pillar profile for DDX. Scores out of 100: Cost 42, Risk 64, Mission not scored, Tradability 17, Holdings not scored, Durability 43. Strongest: Risk (64). Weakest: Tradability (17). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 42
    Category rank4/5 · bottom quartile
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 64
    Category rank2/5 · top 40%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 17
    Category rank5/5 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 43
    Category rank4/5 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on DDX

ETF.net Research

CA one-ticker global stock-and-bond portfolio built on a single idea: rebalance by rule, not by nerve. The prospectus commits to systematically reallocating to reduce relative stock and bond risk instead of parking at a fixed mix.

Stated mandate

The Fund seeks long-term growth of capital through a globally diversified portfolio of broad-based stock and bond ETFs. Its portfolio is systematically reallocated to reduce relative stock and bond risks and investment volatility.

Why people hold it

  1. 01The whole design is anti-drift: a portfolio of broad stock and bond ETFs that is systematically reallocated to reduce relative stock and bond risks and volatility, per the fund's own objective.
  2. 02One ticker, global reach. It owns broad-based stock and bond ETFs rather than individual names, so the diversification arrives pre-assembled and the rebalancing chore is outsourced.
  3. 03The fee sits at 0.29% a year, dead level with the median of its moderate-allocation peer group, which is unusual pricing for an actively reallocated strategy from a boutique shop.

Worth knowing

  1. 01The index giants undercut it. iShares runs AOM and AOR in the same moderate-allocation lane for 0.20%, so the extra you pay here buys the reallocation rules.
  2. 02Thinly traded next to the household-name allocation funds, so limit orders and a look at the spread matter more than they would with a mega-fund.
  3. 03Young and small: launched in 2021 by an independent boutique, without the multi-decade operating record behind the iShares, Avantis and Capital Group alternatives.

DDX Holdings

As of Sep 20, 2026, 5:43 AM
Asset class
Other
Holdings
Top-10 weight
100%
Largest holding
United States Treasury Note/Bond 3.875% 04/30/203124.8%

Sectors

  • Financials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001United States Treasury Note/Bond 3.875% 04/30/203124.78%19,227,000$19M2
002United States Treasury Note/Bond 3.5% 03/15/202919.02%14,617,000$14M2
003SPDWState Street SPDR Portfolio Developed World ex-US ETF15.57%227,057$12M6
004United States Treasury Bill 10/29/202614.80%11,148,000$11M2
005VTVVanguard Morningstar Value ETF14.67%49,394$11M19
006VWOVanguard FTSE Emerging Markets ETF4.96%61,892$4M15
007VGLTVanguard Long-Term Treasury ETF3.67%52,171$3M7
008VOOVanguard S&P 500 ETF2.01%2,138$2M57
009Cash & Other0.46%343,517$340K674
010First American Government Obligations Fund 12/01/20310.07%45,069$50K625

Showing 1–10 of 10 holdings

DDX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DDX$10,818
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DDX $10,818. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DDX. Periods over one year show the average yearly return.
PeriodDDX
Year to date+5.9%
1 month−0.6%
3 months+0.2%
1 year+8.2%
3 years+9.2%per year
5 years+2.6%per year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DDX
YearReturn barDDX
2026 YTD+5.9%
2025+12.0%
2024+2.9%
2023+10.5%
2022−16.2%
2021+1.3%

Since listing, Sep 20, 2021

DDX in the news

ETF.net Research hasn’t filed on DDX yet — coverage lands here as it’s written.

DDX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
3.31%Last 12 months
Payout per share
$0.84Last 12 months
Last payment
$0.23 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2021–2026

One bar per payment. 16 payments from 2021 to 2026 YTD. Dec 30, 2021 $0.28; Dec 27, 2022 $0.29; Mar 29, 2023 $0.05; Jun 28, 2023 $0.15; Sep 27, 2023 $0.12; Dec 20, 2023 $0.21; Mar 26, 2024 $0.10; Jun 27, 2024 $0.13; Sep 27, 2024 $0.21; Dec 30, 2024 $0.26; Mar 28, 2025 $0.00055; Jun 27, 2025 $0.25; Sep 29, 2025 $0.21; Dec 30, 2025 $0.30; Mar 30, 2026 $0.09; Jun 29, 2026 $0.23. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jun 30, 2026$0.23
Mar 30, 2026Mar 31, 2026$0.09
Dec 30, 2025Dec 31, 2025$0.30
Sep 29, 2025Sep 30, 2025$0.21
Jun 27, 2025Jun 30, 2025$0.25
Mar 28, 2025Mar 31, 2025$0.00055
Dec 30, 2024Dec 31, 2024$0.26
Sep 27, 2024Sep 30, 2024$0.21
Jun 27, 2024Jun 28, 2024$0.13
Mar 26, 2024Mar 28, 2024$0.10
Dec 20, 2023Dec 22, 2023$0.21
Sep 27, 2023Sep 29, 2023$0.12

DDX Risk

How much the fund’s monthly returns vary, scaled to a year.
6.7%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.61
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−21.3%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.45
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DDX Cost

Expense Ratio
0.29%