BLV vs. EDV
Compare and contrast key facts about Vanguard Long-Term Bond ETF (BLV) and Vanguard Extended Duration Treasury ETF (EDV).
BLV and EDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. EDV is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. It was launched on Dec 6, 2007. Both BLV and EDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLV or EDV.
Performance
BLV vs. EDV - Performance Comparison
Returns By Period
In the year-to-date period, BLV achieves a -2.14% return, which is significantly higher than EDV's -9.47% return. Over the past 10 years, BLV has outperformed EDV with an annualized return of 1.49%, while EDV has yielded a comparatively lower -1.21% annualized return.
BLV
-2.14%
-1.26%
1.97%
6.79%
-3.01%
1.49%
EDV
-9.47%
-2.13%
-0.64%
3.30%
-9.05%
-1.21%
Key characteristics
| BLV | EDV | |
|---|---|---|
| Sharpe Ratio | 0.58 | 0.16 |
| Sortino Ratio | 0.88 | 0.37 |
| Omega Ratio | 1.10 | 1.04 |
| Calmar Ratio | 0.21 | 0.06 |
| Martin Ratio | 1.51 | 0.36 |
| Ulcer Index | 4.51% | 8.97% |
| Daily Std Dev | 11.82% | 20.57% |
| Max Drawdown | -38.29% | -59.96% |
| Current Drawdown | -27.80% | -52.82% |
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BLV vs. EDV - Expense Ratio Comparison
BLV has a 0.04% expense ratio, which is lower than EDV's 0.06% 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%.
Correlation
The correlation between BLV and EDV is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BLV vs. EDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) and Vanguard Extended Duration Treasury ETF (EDV). 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.
Dividends
BLV vs. EDV - Dividend Comparison
BLV's dividend yield for the trailing twelve months is around 4.53%, more than EDV's 4.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | 4.53% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
EDV Vanguard Extended Duration Treasury ETF | 4.29% | 3.55% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% | 3.12% | 5.03% |
Drawdowns
BLV vs. EDV - Drawdown Comparison
The maximum BLV drawdown since its inception was -38.29%, smaller than the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for BLV and EDV. For additional features, visit the drawdowns tool.
Volatility
BLV vs. EDV - Volatility Comparison
The current volatility for Vanguard Long-Term Bond ETF (BLV) is 3.71%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 6.74%. This indicates that BLV experiences smaller price fluctuations and is considered to be less risky than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.