EDV vs. PLW
EDV (Vanguard Extended Duration Treasury ETF) and PLW (Invesco 1-30 Laddered Treasury ETF) are both Government Bonds funds - EDV tracks the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index while PLW tracks the Ryan/NASDAQ 1-30 Year Treasury Laddered Index. Both are passively managed. Over the past 10 years, EDV returned -4.40%/yr vs -0.47%/yr for PLW. Their correlation of 0.92 means they have usually moved in the same direction. EDV charges 0.05%/yr vs 0.25%/yr for PLW.
Performance
EDV vs. PLW - Performance Comparison
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Returns By Period
In the year-to-date period, EDV achieves a -5.76% return, which is significantly lower than PLW's -2.05% return. Over the past 10 years, EDV has underperformed PLW with an annualized return of -4.40%, while PLW has yielded a comparatively higher -0.47% annualized return.
EDV
- 1D
- 0.47%
- 1M
- -5.91%
- 6M
- -5.09%
- YTD
- -5.76%
- 1Y
- -5.56%
- 3Y*
- -4.58%
- 5Y*
- -12.82%
- 10Y*
- -4.40%
- ALL TIME*
- 2.37%
PLW
- 1D
- 0.24%
- 1M
- -2.16%
- 6M
- -1.76%
- YTD
- -2.05%
- 1Y
- -0.31%
- 3Y*
- 1.33%
- 5Y*
- -3.98%
- 10Y*
- -0.47%
- ALL TIME*
- 2.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $91.73M | $72.86M | $67.75M | |
| $4.62M | $4.83M | $7.09M |
EDV vs. PLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | -5.76% | 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 | -2.05% | 5.84% | -2.95% | 3.31% | -19.98% | -3.76% | 12.55% | 10.00% | -0.28% | 4.96% |
Correlation
The correlation between EDV and PLW is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2007 | 0.92 |
The correlation between EDV and PLW has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
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Return for Risk
EDV vs. PLW — Risk / Return Rank
EDV
PLW
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.
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 | PLW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.00 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.06 | -0.36 |
| Martin ratioReturn relative to average drawdown | -0.87 | -0.13 | -0.74 |
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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.
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Drawdown Indicators
| EDV | PLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -32.70% | -27.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.24% | -5.45% | -7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -22.74% | -9.49% | -13.25% |
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 DrawdownCurrent decline from peak | -56.76% | -23.55% | -33.21% |
Average DrawdownAverage peak-to-trough decline | -23.70% | -9.76% | -13.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 2.39% | +4.00% |
Volatility
EDV vs. PLW - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 3.91% compared to Invesco 1-30 Laddered Treasury ETF (PLW) at 1.65%. 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.
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Volatility by Period
| EDV | PLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 1.65% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 4.85% | +5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 6.22% | +7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 9.81% | +11.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 9.07% | +10.67% |
EDV vs. PLW - Expense Ratio Comparison
EDV has a 0.05% 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%.
Dividends
EDV vs. PLW - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 5.42%, more than PLW's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 5.42% | 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 | 3.94% | 3.75% | 3.56% | 2.87% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% |
Frequently Asked Questions
With a correlation of 0.96, EDV and PLW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EDV has higher volatility (3.91%) compared to PLW (1.65%). In terms of maximum drawdown, EDV dropped -59.96% vs PLW's -32.70%.
On 10-year performance, PLW leads with -0.47% vs -4.40% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, PLW has been the lower-risk option at 1.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PLW has performed better with a -0.47% return vs -4.40%. 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 0.25% for PLW.
EDV has the higher dividend yield at 5.42%, compared with 3.94% for PLW.
EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while PLW tracks Ryan/NASDAQ 1-30 Year Treasury Laddered Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.05% for EDV and 0.25% for PLW.
PLW currently has the higher Sharpe Ratio (-0.05 vs -0.40), 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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