EDV vs. SPTS
EDV (Vanguard Extended Duration Treasury ETF) and SPTS (SPDR Portfolio Short Term Treasury ETF) are both Government Bonds funds - EDV tracks the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index while SPTS tracks the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 10 years, EDV returned -3.32%/yr vs 1.67%/yr for SPTS. At a 0.47 correlation, their price movements are largely independent. EDV charges 0.05%/yr vs 0.03%/yr for SPTS.
Performance
EDV vs. SPTS - Performance Comparison
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Returns By Period
In the year-to-date period, EDV achieves a -0.72% return, which is significantly lower than SPTS's 0.45% return. Over the past 10 years, EDV has underperformed SPTS with an annualized return of -3.32%, while SPTS has yielded a comparatively higher 1.67% annualized return.
EDV
- 1D
- -0.48%
- 1M
- 1.42%
- YTD
- -0.72%
- 6M
- -3.69%
- 1Y
- 4.85%
- 3Y*
- -5.25%
- 5Y*
- -10.02%
- 10Y*
- -3.32%
SPTS
- 1D
- -0.07%
- 1M
- 0.05%
- YTD
- 0.45%
- 6M
- 0.77%
- 1Y
- 3.45%
- 3Y*
- 4.18%
- 5Y*
- 1.81%
- 10Y*
- 1.67%
EDV vs. SPTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | -0.72% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
SPTS SPDR Portfolio Short Term Treasury ETF | 0.45% | 5.05% | 4.20% | 4.27% | -3.86% | -0.72% | 3.23% | 3.56% | 1.08% | 0.59% |
Correlation
The correlation between EDV and SPTS is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011 | 0.47 |
The correlation between EDV and SPTS shifts across timeframes, from 0.47 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EDV vs. SPTS — Risk / Return Rank
EDV
SPTS
EDV vs. SPTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) and SPDR Portfolio Short Term Treasury ETF (SPTS). 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 | SPTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.88 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.55 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 4.13 | -3.74 |
| Martin ratioReturn relative to average drawdown | 0.90 | 16.52 | -15.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EDV | SPTS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 2.63 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.92 | -1.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | 0.98 | -1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.49 | -0.37 |
Drawdowns
EDV vs. SPTS - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, which is greater than SPTS's maximum drawdown of -5.83%. Use the drawdown chart below to compare losses from any high point for EDV and SPTS.
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Drawdown Indicators
| EDV | SPTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -5.83% | -54.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -0.84% | -11.70% |
Max Drawdown (3Y)Largest decline over 3 years | -26.99% | -0.96% | -26.03% |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | -5.71% | -49.32% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | -5.71% | -54.25% |
Current DrawdownCurrent decline from peak | -54.45% | -0.28% | -54.17% |
Average DrawdownAverage peak-to-trough decline | -23.43% | -1.72% | -21.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 0.21% | +5.17% |
Volatility
EDV vs. SPTS - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 4.06% compared to SPDR Portfolio Short Term Treasury ETF (SPTS) at 0.34%. This indicates that EDV's price experiences larger fluctuations and is considered to be riskier than SPTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDV | SPTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 0.34% | +3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 0.86% | +8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 1.32% | +13.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 1.98% | +19.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.81% | 1.72% | +18.09% |
EDV vs. SPTS - Expense Ratio Comparison
EDV has a 0.05% expense ratio, which is higher than SPTS'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. SPTS - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 4.99%, more than SPTS's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.99% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
SPTS SPDR Portfolio Short Term Treasury ETF | 3.91% | 3.99% | 4.25% | 3.61% | 1.27% | 0.19% | 0.70% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% |
Frequently Asked Questions
EDV and SPTS have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDV has higher volatility (4.06%) compared to SPTS (0.34%). In terms of maximum drawdown, EDV dropped -59.96% vs SPTS's -5.83%.
On 10-year performance, SPTS leads with 1.67% vs -3.32% for EDV. On fees, SPTS is cheaper at 0.03% per year. On volatility, SPTS has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPTS has performed better with a 1.67% return vs -3.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPTS is cheaper with a 0.03% expense ratio, compared with 0.05% for EDV.
EDV has the higher dividend yield at 4.99%, compared with 3.91% for SPTS.
EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while SPTS tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.05% for EDV and 0.03% for SPTS.
SPTS currently has the higher Sharpe Ratio (2.63 vs 0.33), 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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