EDV vs. AVEM
EDV (Vanguard Extended Duration Treasury ETF) and AVEM (Avantis Emerging Markets Equity ETF) are both exchange-traded funds - EDV is a Government Bonds fund tracking the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while AVEM is a Emerging Markets Equities fund actively managed by Avantis. EDV is passively managed, while AVEM is actively managed. Over the past 5 years, EDV returned -10.27%/yr vs 9.66%/yr for AVEM. At a correlation of -0.02, they often move in opposite directions. EDV charges 0.05%/yr vs 0.33%/yr for AVEM.
Performance
EDV vs. AVEM - Performance Comparison
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Returns By Period
In the year-to-date period, EDV achieves a 0.01% return, which is significantly lower than AVEM's 25.08% return.
EDV
- 1D
- -0.39%
- 1M
- 2.28%
- YTD
- 0.01%
- 6M
- 0.03%
- 1Y
- 3.37%
- 3Y*
- -4.76%
- 5Y*
- -10.27%
- 10Y*
- -3.49%
AVEM
- 1D
- 0.42%
- 1M
- 1.30%
- YTD
- 25.08%
- 6M
- 27.86%
- 1Y
- 47.18%
- 3Y*
- 24.04%
- 5Y*
- 9.66%
- 10Y*
- —
EDV vs. AVEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 0.01% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | -3.32% |
AVEM Avantis Emerging Markets Equity ETF | 25.08% | 34.48% | 7.49% | 15.30% | -18.15% | 5.16% | 14.39% | 10.40% |
Correlation
The correlation between EDV and AVEM is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | -0.02 |
The correlation between EDV and AVEM shifts across timeframes, from -0.02 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EDV vs. AVEM — Risk / Return Rank
EDV
AVEM
EDV vs. AVEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) and Avantis Emerging Markets Equity ETF (AVEM). 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.
| EDV | AVEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.40 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 3.46 | -3.32 |
| Martin ratioReturn relative to average drawdown | 0.31 | 13.15 | -12.84 |
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Drawdowns
EDV vs. AVEM - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, which is greater than AVEM's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for EDV and AVEM.
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Drawdown Indicators
| EDV | AVEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -36.05% | -23.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -13.13% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -26.99% | -18.02% | -8.97% |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | -33.88% | -21.15% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | — | — |
Current DrawdownCurrent decline from peak | -54.12% | -3.33% | -50.79% |
Average DrawdownAverage peak-to-trough decline | -23.48% | -10.07% | -13.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 3.45% | +2.10% |
Volatility
EDV vs. AVEM - Volatility Comparison
The current volatility for Vanguard Extended Duration Treasury ETF (EDV) is 4.21%, while Avantis Emerging Markets Equity ETF (AVEM) has a volatility of 10.91%. This indicates that EDV experiences smaller price fluctuations and is considered to be less risky than AVEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDV | AVEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 10.91% | -6.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 18.79% | -8.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.54% | 21.17% | -6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.62% | 18.71% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.82% | 20.76% | -0.94% |
EDV vs. AVEM - Expense Ratio Comparison
EDV has a 0.05% expense ratio, which is lower than AVEM's 0.33% expense ratio.
Dividends
EDV vs. AVEM - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 4.95%, more than AVEM's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEM Avantis Emerging Markets Equity ETF | 2.59% | 2.45% | 3.17% | 3.06% | 2.77% | 2.61% | 1.60% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
EDV Vanguard Extended Duration Treasury ETF | 4.95% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
Frequently Asked Questions
EDV and AVEM have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVEM has higher volatility (10.91%) compared to EDV (4.21%). In terms of maximum drawdown, EDV dropped -59.96% vs AVEM's -36.05%.
On 5-year performance, AVEM leads with 9.66% vs -10.27% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, EDV has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVEM has performed better with a 9.66% return vs -10.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV is cheaper with a 0.05% expense ratio, compared with 0.33% for AVEM.
EDV has the higher dividend yield at 4.95%, compared with 2.59% for AVEM.
EDV is categorized as Government Bonds, while AVEM is Emerging Markets Equities. They also come from different issuers: Vanguard and Avantis. Their fees differ too: 0.05% for EDV and 0.33% for AVEM.
AVEM currently has the higher Sharpe Ratio (2.15 vs 0.12), 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.
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