EDV vs. BND
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 -4.47%/yr vs 1.36%/yr for BND. Their correlation of 0.81 means they have usually moved in the same direction. EDV charges 0.05%/yr vs 0.03%/yr for BND.
Performance
EDV vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, EDV achieves a -6.20% return, which is significantly lower than BND's -0.54% return. Over the past 10 years, EDV has underperformed BND with an annualized return of -4.47%, while BND has yielded a comparatively higher 1.36% annualized return.
EDV
- 1D
- -1.06%
- 1M
- -6.35%
- 6M
- -5.97%
- YTD
- -6.20%
- 1Y
- -6.00%
- 3Y*
- -5.53%
- 5Y*
- -12.61%
- 10Y*
- -4.47%
- ALL TIME*
- 2.34%
BND
- 1D
- -0.26%
- 1M
- -1.20%
- 6M
- -0.75%
- YTD
- -0.54%
- 1Y
- 1.75%
- 3Y*
- 3.92%
- 5Y*
- -0.42%
- 10Y*
- 1.36%
- ALL TIME*
- 2.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $451.00M | $507.49M | $592.68M | |
| $89.59M | $71.96M | $67.10M |
EDV vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | -6.20% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
BND Vanguard Total Bond Market ETF | -0.54% | 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 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2007 | 0.81 |
The correlation between EDV and BND has been stable across timeframes, ranging from 0.81 to 0.91 - a consistent structural relationship.
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Return for Risk
EDV vs. BND — Risk / Return Rank
EDV
BND
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.
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 | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.12 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.99 | -1.32 |
| Martin ratioReturn relative to average drawdown | -0.70 | 2.48 | -3.17 |
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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.
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Drawdown Indicators
| EDV | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -18.58% | -41.38% |
Max Drawdown (1Y)Largest decline over 1 year | -13.24% | -2.68% | -10.56% |
Max Drawdown (3Y)Largest decline over 3 years | -22.74% | -4.81% | -17.93% |
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 DrawdownCurrent decline from peak | -56.96% | -3.15% | -53.81% |
Average DrawdownAverage peak-to-trough decline | -23.70% | -3.06% | -20.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 1.07% | +5.27% |
Volatility
EDV vs. BND - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 3.85% compared to Vanguard Total Bond Market ETF (BND) at 0.98%. 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.
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Volatility by Period
| EDV | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 0.98% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 2.90% | +7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 3.70% | +10.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 6.03% | +15.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 5.53% | +14.21% |
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 5.45%, more than BND's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.69% | 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 | 5.45% | 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 BND have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDV has higher volatility (3.85%) compared to BND (0.98%). In terms of maximum drawdown, EDV dropped -59.96% vs BND's -18.58%.
On 10-year performance, BND leads with 1.36% vs -4.47% for EDV. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BND has performed better with a 1.36% return vs -4.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.05% for EDV.
EDV has the higher dividend yield at 5.45%, compared with 3.69% for 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.
BND currently has the higher Sharpe Ratio (0.72 vs -0.31), 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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