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 1-3 Year U.S. Treasury Index. Both are passively managed. Over the past 10 years, EDV returned -4.40%/yr vs 1.68%/yr for SPTS. Their 0.47 correlation means their historical movements had little consistent relationship. 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 -5.76% return, which is significantly lower than SPTS's 0.83% return. Over the past 10 years, EDV has underperformed SPTS with an annualized return of -4.40%, while SPTS has yielded a comparatively higher 1.68% 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%
SPTS
- 1D
- 0.08%
- 1M
- 0.08%
- 6M
- 0.72%
- YTD
- 0.83%
- 1Y
- 2.69%
- 3Y*
- 4.27%
- 5Y*
- 1.89%
- 10Y*
- 1.68%
- ALL TIME*
- 1.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $91.73M | $72.86M | $67.75M | |
| $24.96M | $29.50M | $39.95M |
EDV vs. SPTS - 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% |
SPTS SPDR Portfolio Short Term Treasury ETF | 0.83% | 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 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011 | 0.47 |
The correlation between EDV and SPTS has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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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.
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 | SPTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.42 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 3.22 | -3.64 |
| Martin ratioReturn relative to average drawdown | -0.87 | 12.57 | -13.44 |
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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 | -13.24% | -0.84% | -12.40% |
Max Drawdown (3Y)Largest decline over 3 years | -22.74% | -0.96% | -21.78% |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | -5.65% | -49.38% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | -5.71% | -54.25% |
Current DrawdownCurrent decline from peak | -56.76% | 0.00% | -56.76% |
Average DrawdownAverage peak-to-trough decline | -23.70% | -1.70% | -22.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 0.21% | +6.18% |
Volatility
EDV vs. SPTS - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 3.91% compared to SPDR Portfolio Short Term Treasury ETF (SPTS) at 0.38%. 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 | 3.91% | 0.38% | +3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 1.01% | +9.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 1.25% | +12.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 2.00% | +19.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 1.70% | +18.04% |
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 5.42%, more than SPTS's 3.87% 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% |
SPTS SPDR Portfolio Short Term Treasury ETF | 3.87% | 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 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDV has higher volatility (3.91%) compared to SPTS (0.38%). In terms of maximum drawdown, EDV dropped -59.96% vs SPTS's -5.83%.
On 10-year performance, SPTS leads with 1.68% vs -4.40% for EDV. On fees, SPTS is cheaper at 0.03% per year. On volatility, SPTS has been the lower-risk option at 0.38%. 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 1.68% return vs -4.40%. 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 5.42%, compared with 3.87% for SPTS.
EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while SPTS tracks Bloomberg 1-3 Year U.S. Treasury 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 (2.17 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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