EDV vs. PLW

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Extended Duration Treasury ETF (EDV) and Invesco 1-30 Laddered Treasury ETF (PLW).

EDV and PLW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. PLW is a passively managed fund by Invesco that tracks the performance of the Ryan/NASDAQ 1-30 Year Treasury Laddered Index. It was launched on Oct 11, 2007. Both EDV and PLW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EDV vs. PLW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Extended Duration Treasury ETF (EDV) and Invesco 1-30 Laddered Treasury ETF (PLW). The values are adjusted to include any dividend payments, if applicable.

EDV vs. PLW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDV Vanguard Extended Duration Treasury ETF	-0.21%	0.65%	-12.78%	1.65%	-39.15%	-6.19%	23.59%	18.67%	-3.40%	13.94%
PLW Invesco 1-30 Laddered Treasury ETF	-0.26%	5.84%	-2.95%	3.31%	-19.98%	-3.76%	12.55%	10.00%	-0.28%	4.96%

Returns By Period

In the year-to-date period, EDV achieves a -0.21% return, which is significantly higher than PLW's -0.26% return. Over the past 10 years, EDV has underperformed PLW with an annualized return of -2.99%, while PLW has yielded a comparatively higher 0.08% annualized return.

EDV

• 1D: -0.12%
• 1M: -4.91%
• YTD: -0.21%
• 6M: -3.16%
• 1Y: -5.58%
• 3Y*: -6.60%
• 5Y*: -9.54%
• 10Y*: -2.99%

PLW

• 1D: -0.20%
• 1M: -2.46%
• YTD: -0.26%
• 6M: -0.32%
• 1Y: 1.09%
• 3Y*: 0.32%
• 5Y*: -2.44%
• 10Y*: 0.08%

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

EDV vs. PLW - Expense Ratio Comparison

EDV has a 0.06% expense ratio, which is lower than PLW's 0.25% 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%.

PLW

Invesco 1-30 Laddered Treasury ETF

EDV

Vanguard Extended Duration Treasury ETF

Return for Risk

EDV vs. PLW — Risk / Return Rank

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

EDV

EDV Risk / Return Rank: 6
EDV Sharpe Ratio Rank: 6
EDV Sortino Ratio Rank: 6
EDV Omega Ratio Rank: 6
EDV Calmar Ratio Rank: 7
EDV Martin Ratio Rank: 7

PLW

PLW Risk / Return Rank: 15
PLW Sharpe Ratio Rank: 15
PLW Sortino Ratio Rank: 13
PLW Omega Ratio Rank: 13
PLW Calmar Ratio Rank: 17
PLW Martin Ratio Rank: 16

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. PLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) and Invesco 1-30 Laddered Treasury ETF (PLW). 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	PLW	Difference
Sharpe ratio Return per unit of total volatility	-0.33	0.15	-0.47
Sortino ratio Return per unit of downside risk	-0.33	0.25	-0.58
Omega ratio Gain probability vs. loss probability	0.96	1.03	-0.07
Calmar ratio Return relative to maximum drawdown	-0.31	0.28	-0.59
Martin ratio Return relative to average drawdown	-0.60	0.65	-1.25
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. PLW - Sharpe Ratio Comparison

The current EDV Sharpe Ratio is -0.33, which is lower than the PLW Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of EDV and PLW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EDV	PLW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.33	0.15	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	-0.25	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.15	0.01	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.32	-0.19

Correlation

The correlation between EDV and PLW is 0.92, 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.

Dividends

EDV vs. PLW - Dividend Comparison

EDV's dividend yield for the trailing twelve months is around 4.96%, more than PLW's 3.82% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PLW Invesco 1-30 Laddered Treasury ETF	3.82%	3.75%	3.56%	2.87%	1.97%	1.15%	1.00%	1.96%	2.14%	2.02%	2.00%	2.14%

Drawdowns

EDV vs. PLW - Drawdown Comparison

The maximum EDV drawdown since its inception was -59.96%, which is greater than PLW's maximum drawdown of -32.70%. Use the drawdown chart below to compare losses from any high point for EDV and PLW.

Drawdown Indicators

	EDV	PLW	Difference
Max Drawdown Largest peak-to-trough decline	-59.96%	-32.70%	-27.26%
Max Drawdown (1Y) Largest decline over 1 year	-13.84%	-5.83%	-8.01%
Max Drawdown (5Y) Largest decline over 5 years	-55.03%	-28.30%	-26.73%
Max Drawdown (10Y) Largest decline over 10 years	-59.96%	-32.70%	-27.26%
Current Drawdown Current decline from peak	-54.22%	-22.15%	-32.07%
Average Drawdown Average peak-to-trough decline	-23.14%	-9.53%	-13.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.26%	2.52%	+4.74%

Volatility

EDV vs. PLW - Volatility Comparison

Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 5.45% compared to Invesco 1-30 Laddered Treasury ETF (PLW) at 2.69%. This indicates that EDV's price experiences larger fluctuations and is considered to be riskier than PLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDV	PLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	2.69%	+2.76%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	4.43%	+5.48%
Volatility (1Y) Calculated over the trailing 1-year period	17.22%	7.51%	+9.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.62%	9.85%	+11.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	9.10%	+10.74%