EDV vs. SGOV
EDV (Vanguard Extended Duration Treasury ETF) and SGOV (iShares 0-3 Month Treasury Bond 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 SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, EDV returned -12.06%/yr vs 3.67%/yr for SGOV. Their 0.01 correlation means their historical movements had little consistent relationship. EDV charges 0.05%/yr vs 0.09%/yr for SGOV.
Performance
EDV vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, EDV achieves a -4.32% return, which is significantly lower than SGOV's 2.16% return.
EDV
- 1D
- 0.35%
- 1M
- -4.17%
- 6M
- -3.58%
- YTD
- -4.32%
- 1Y
- -5.09%
- 3Y*
- -4.09%
- 5Y*
- -12.06%
- 10Y*
- -4.26%
- ALL TIME*
- 2.45%
SGOV
- 1D
- 0.02%
- 1M
- 0.32%
- 6M
- 1.82%
- YTD
- 2.16%
- 1Y
- 3.85%
- 3Y*
- 4.63%
- 5Y*
- 3.67%
- 10Y*
- —
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $94.12M | $76.28M | $68.00M | |
| $2.20B | $1.91B | $2.07B |
EDV vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | -4.32% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | -2.92% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.16% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between EDV and SGOV is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | -0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.01 |
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Return for Risk
EDV vs. SGOV — Risk / Return Rank
EDV
SGOV
EDV vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.15 | ||
| Sortino ratioReturn per unit of downside risk | -380.66 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 380.49 | -379.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 388.26 | -388.65 |
| Martin ratioReturn relative to average drawdown | -0.79 | 6,151.25 | -6,152.05 |
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Drawdowns
EDV vs. SGOV - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for EDV and SGOV.
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Drawdown Indicators
| EDV | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -0.03% | -59.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.24% | -0.01% | -13.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.74% | -0.01% | -22.73% |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | -0.03% | -55.00% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | — | — |
Current DrawdownCurrent decline from peak | -56.10% | 0.00% | -56.10% |
Average DrawdownAverage peak-to-trough decline | -23.72% | 0.00% | -23.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 0.00% | +6.47% |
Volatility
EDV vs. SGOV - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 3.97% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that EDV's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDV | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 0.04% | +3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 0.13% | +10.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 0.19% | +13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 0.24% | +21.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 0.23% | +19.50% |
EDV vs. SGOV - Expense Ratio Comparison
EDV has a 0.05% expense ratio, which is lower than SGOV's 0.09% 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. SGOV - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 5.34%, more than SGOV's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 5.34% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.75% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EDV and SGOV have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDV has higher volatility (3.97%) compared to SGOV (0.04%). In terms of maximum drawdown, EDV dropped -59.96% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.67% vs -12.06% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, SGOV has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOV has performed better with a 3.67% return vs -12.06%. 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 0.09% for SGOV.
EDV has the higher dividend yield at 5.34%, compared with 3.75% for SGOV.
EDV is categorized as Government Bonds, while SGOV is Ultrashort Bond. EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for EDV and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.78 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.
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