EDV vs. BND

Last updated Jun 3, 2026

EDV (Vanguard Extended Duration Treasury ETF) and BND (Vanguard Total Bond Market 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 BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, EDV returned -3.27%/yr vs 1.60%/yr for BND. Their correlation of 0.81 suggests significant overlap in exposure. EDV charges 0.05%/yr vs 0.03%/yr for BND.

Performance

EDV vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Extended Duration Treasury ETF (EDV) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDV achieves a -0.24% return, which is significantly lower than BND's 0.46% return. Over the past 10 years, EDV has underperformed BND with an annualized return of -3.27%, while BND has yielded a comparatively higher 1.60% annualized return.

EDV

• 1D: 0.38%
• 1M: 0.83%
• YTD: -0.24%
• 6M: -2.90%
• 1Y: 5.26%
• 3Y*: -5.09%
• 5Y*: -9.64%
• 10Y*: -3.27%

BND

• 1D: 0.03%
• 1M: 0.12%
• YTD: 0.46%
• 6M: 0.46%
• 1Y: 5.19%
• 3Y*: 4.03%
• 5Y*: 0.20%
• 10Y*: 1.60%

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

EDV vs. BND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDV Vanguard Extended Duration Treasury ETF	-0.24%	0.65%	-12.78%	1.65%	-39.15%	-6.19%	23.59%	18.67%	-3.40%	13.94%
BND Vanguard Total Bond Market ETF	0.46%	7.08%	1.38%	5.65%	-13.11%	-1.86%	7.71%	8.84%	-0.12%	3.57%

Correlation

The correlation between EDV and BND is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 14, 2007	0.81

The correlation between EDV and BND shifts across timeframes, from 0.81 (all time) to 0.91 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

EDV vs. BND — Risk / Return Rank

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

EDV

EDV Risk / Return Rank: 13
EDV Sharpe Ratio Rank: 14
EDV Sortino Ratio Rank: 14
EDV Omega Ratio Rank: 13
EDV Calmar Ratio Rank: 12
EDV Martin Ratio Rank: 12

BND

BND Risk / Return Rank: 38
BND Sharpe Ratio Rank: 38
BND Sortino Ratio Rank: 40
BND Omega Ratio Rank: 36
BND Calmar Ratio Rank: 37
BND Martin Ratio Rank: 36

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.

EDV vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) and Vanguard Total Bond Market ETF (BND). 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.

	EDV	BND	Difference
Sharpe ratio Return per unit of total volatility	0.36	1.38	-1.02
Sortino ratio Return per unit of downside risk	0.62	2.07	-1.45
Omega ratio Gain probability vs. loss probability	1.07	1.24	-0.17
Calmar ratio Return relative to maximum drawdown	0.29	1.85	-1.56
Martin ratio Return relative to average drawdown	0.68	5.66	-4.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDV vs. BND - Sharpe Ratio Comparison

The current EDV Sharpe Ratio is 0.36, which is lower than the BND Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of EDV and BND, 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

	EDV	BND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	1.38	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.45	0.03	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.17	0.29	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.59	-0.47

Drawdowns

EDV vs. BND - Drawdown Comparison

The maximum EDV drawdown since its inception was -59.96%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for EDV and BND.

Drawdown Indicators

	EDV	BND	Difference
Max Drawdown Largest peak-to-trough decline	-59.96%	-18.58%	-41.38%
Max Drawdown (1Y) Largest decline over 1 year	-12.54%	-2.68%	-9.86%
Max Drawdown (3Y) Largest decline over 3 years	-26.99%	-5.92%	-21.07%
Max Drawdown (5Y) Largest decline over 5 years	-55.03%	-17.91%	-37.12%
Max Drawdown (10Y) Largest decline over 10 years	-59.96%	-18.58%	-41.38%
Current Drawdown Current decline from peak	-54.23%	-2.18%	-52.05%
Average Drawdown Average peak-to-trough decline	-23.43%	-3.06%	-20.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.36%	0.88%	+4.48%

Volatility

EDV vs. BND - Volatility Comparison

Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 4.18% compared to Vanguard Total Bond Market ETF (BND) at 1.26%. This indicates that EDV's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDV	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	1.26%	+2.92%
Volatility (6M) Calculated over the trailing 6-month period	9.81%	2.68%	+7.13%
Volatility (1Y) Calculated over the trailing 1-year period	14.71%	3.78%	+10.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.63%	6.02%	+15.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.82%	5.53%	+14.29%

EDV vs. BND - Expense Ratio Comparison

EDV has a 0.05% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EDV vs. BND - Dividend Comparison

EDV's dividend yield for the trailing twelve months is around 4.96%, more than BND's 3.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND Vanguard Total Bond Market ETF	3.96%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
EDV Vanguard Extended Duration Treasury ETF	4.96%	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

Can I hold both EDV and BND in my portfolio?

EDV and BND have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDV or BND?

EDV has higher volatility (4.18%) compared to BND (1.26%). In terms of maximum drawdown, EDV dropped -59.96% vs BND's -18.58%.

Which ETF is better, EDV or BND?

On 10-year performance, BND leads with 1.60% vs -3.27% for EDV. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDV or BND?

Over the 10-year period, BND has performed better with a 1.60% return vs -3.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDV or BND?

BND is cheaper with a 0.03% expense ratio, compared with 0.05% for EDV.

Which ETF pays a higher dividend yield, EDV or BND?

EDV has the higher dividend yield at 4.96%, compared with 3.96% for BND.

What is the main difference between EDV and BND?

EDV is categorized as Government Bonds, while BND is Total Bond Market. EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. Their fees differ too: 0.05% for EDV and 0.03% for BND.

Which has better risk-adjusted returns?

BND currently has the higher Sharpe Ratio (1.38 vs 0.36), 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.