BSV vs. EDIV

Last updated Jun 9, 2026

BSV (Vanguard Short-Term Bond Index Fund ETF Shares) and EDIV (SPDR S&P Emerging Markets Dividend ETF) are both exchange-traded funds - BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index, while EDIV is a Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend Opportunities Index. Both are passively managed. Over the past 10 years, BSV returned 1.91%/yr vs 8.98%/yr for EDIV. At a correlation of -0.01, they often move in opposite directions. BSV charges 0.03%/yr vs 0.49%/yr for EDIV.

Performance

BSV vs. EDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Bond Index Fund ETF Shares (BSV) and SPDR S&P Emerging Markets Dividend ETF (EDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSV achieves a 0.10% return, which is significantly lower than EDIV's 4.31% return. Over the past 10 years, BSV has underperformed EDIV with an annualized return of 1.91%, while EDIV has yielded a comparatively higher 8.98% annualized return.

BSV

• 1D: -0.01%
• 1M: -0.38%
• YTD: 0.10%
• 6M: 0.53%
• 1Y: 3.66%
• 3Y*: 4.42%
• 5Y*: 1.57%
• 10Y*: 1.91%

EDIV

• 1D: -0.17%
• 1M: -3.46%
• YTD: 4.31%
• 6M: 6.35%
• 1Y: 11.64%
• 3Y*: 16.98%
• 5Y*: 10.20%
• 10Y*: 8.98%

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

BSV vs. EDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSV Vanguard Short-Term Bond Index Fund ETF Shares	0.10%	6.00%	3.78%	4.90%	-5.49%	-1.09%	4.70%	4.98%	1.34%	1.20%
EDIV SPDR S&P Emerging Markets Dividend ETF	4.31%	16.45%	12.75%	41.91%	-15.31%	11.21%	-9.95%	11.80%	-6.16%	28.20%

Correlation

The correlation between BSV and EDIV is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Feb 25, 2011	-0.01

The correlation between BSV and EDIV shifts across timeframes, from -0.01 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BSV vs. EDIV — Risk / Return Rank

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

BSV

BSV Risk / Return Rank: 70
BSV Sharpe Ratio Rank: 70
BSV Sortino Ratio Rank: 82
BSV Omega Ratio Rank: 74
BSV Calmar Ratio Rank: 63
BSV Martin Ratio Rank: 61

EDIV

EDIV Risk / Return Rank: 27
EDIV Sharpe Ratio Rank: 28
EDIV Sortino Ratio Rank: 27
EDIV Omega Ratio Rank: 29
EDIV Calmar Ratio Rank: 26
EDIV Martin Ratio Rank: 27

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.

BSV vs. EDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund ETF Shares (BSV) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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.

	BSV	EDIV	Difference
Sharpe ratio: Return per unit of total volatility	2.06	0.94	+1.11
Sortino ratio: Return per unit of downside risk	3.30	1.39	+1.92
Omega ratio: Gain probability vs. loss probability	1.39	1.18	+0.22
Calmar ratio: Return relative to maximum drawdown	2.85	1.13	+1.72
Martin ratio: Return relative to average drawdown	9.83	3.45	+6.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSV vs. EDIV - Sharpe Ratio Comparison

The current BSV Sharpe Ratio is 2.06, which is higher than the EDIV Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of BSV and EDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSV	EDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	0.94	+1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.74	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.52	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.16	+0.69

Drawdowns

BSV vs. EDIV - Drawdown Comparison

The maximum BSV drawdown since its inception was -8.54%, smaller than the maximum EDIV drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for BSV and EDIV.

Drawdown Indicators

	BSV	EDIV	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	-53.36%	+44.82%
Max Drawdown (1Y) Largest decline over 1 year	-1.29%	-10.36%	+9.07%
Max Drawdown (3Y) Largest decline over 3 years	-1.53%	-13.84%	+12.31%
Max Drawdown (5Y) Largest decline over 5 years	-8.54%	-28.32%	+19.78%
Max Drawdown (10Y) Largest decline over 10 years	-8.54%	-40.76%	+32.22%
Current Drawdown Current decline from peak	-0.82%	-5.97%	+5.15%
Average Drawdown Average peak-to-trough decline	-0.97%	-19.35%	+18.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	3.39%	-3.02%

Volatility

BSV vs. EDIV - Volatility Comparison

The current volatility for Vanguard Short-Term Bond Index Fund ETF Shares (BSV) is 0.54%, while SPDR S&P Emerging Markets Dividend ETF (EDIV) has a volatility of 4.14%. This indicates that BSV experiences smaller price fluctuations and is considered to be less risky than EDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSV	EDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.54%	4.14%	-3.60%
Volatility (6M) Calculated over the trailing 6-month period	1.28%	10.31%	-9.03%
Volatility (1Y) Calculated over the trailing 1-year period	1.79%	12.42%	-10.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.73%	13.86%	-11.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	17.50%	-15.12%

BSV vs. EDIV - Expense Ratio Comparison

BSV has a 0.03% expense ratio, which is lower than EDIV's 0.49% expense ratio.

Dividends

BSV vs. EDIV - Dividend Comparison

BSV's dividend yield for the trailing twelve months is around 4.00%, less than EDIV's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSV Vanguard Short-Term Bond Index Fund ETF Shares	4.00%	3.83%	3.38%	2.46%	1.50%	1.45%	1.79%	2.29%	1.99%	1.65%	1.48%	1.40%
EDIV SPDR S&P Emerging Markets Dividend ETF	4.59%	4.69%	3.94%	4.26%	4.94%	3.84%	3.52%	3.83%	3.41%	2.99%	4.94%	5.33%

Frequently Asked Questions

Can I hold both BSV and EDIV in my portfolio?

BSV and EDIV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSV or EDIV?

EDIV has higher volatility (4.14%) compared to BSV (0.54%). In terms of maximum drawdown, BSV dropped -8.54% vs EDIV's -53.36%.

Which ETF is better, BSV or EDIV?

On 10-year performance, EDIV leads with 8.98% vs 1.91% for BSV. On fees, BSV is cheaper at 0.03% per year. On volatility, BSV has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSV or EDIV?

Over the 10-year period, EDIV has performed better with a 8.98% return vs 1.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSV or EDIV?

BSV is cheaper with a 0.03% expense ratio, compared with 0.49% for EDIV.

Which ETF pays a higher dividend yield, BSV or EDIV?

EDIV has the higher dividend yield at 4.59%, compared with 4.00% for BSV.

What is the main difference between BSV and EDIV?

BSV is categorized as Short-Term Bond, while EDIV is Emerging Markets Equities. BSV tracks Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index, while EDIV tracks S&P Emerging Markets Dividend Opportunities Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.03% for BSV and 0.49% for EDIV.

Which has better risk-adjusted returns?

BSV currently has the higher Sharpe Ratio (2.06 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.