EDV vs. UTWY
EDV (Vanguard Extended Duration Treasury ETF) and UTWY (F/m US Treasury 20 Year Bond ETF) are both Government Bonds funds - EDV tracks the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index while UTWY tracks the Bloomberg US Treasury Bellwether 20 Year Index. Both are passively managed. Over the past 3 years, EDV returned -4.58%/yr vs 0.01%/yr for UTWY. Their 0.97 correlation means they have historically moved very closely together. EDV charges 0.05%/yr vs 0.15%/yr for UTWY.
Performance
EDV vs. UTWY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EDV achieves a -5.76% return, which is significantly lower than UTWY's -2.81% 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%
UTWY
- 1D
- 0.43%
- 1M
- -2.81%
- 6M
- -2.47%
- YTD
- -2.81%
- 1Y
- -1.24%
- 3Y*
- 0.01%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $91.73M | $72.86M | $67.75M | |
| $116.12K | $62.48K | $64.76K |
EDV vs. UTWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | -5.76% | 0.65% | -12.78% | -4.48% |
UTWY F/m US Treasury 20 Year Bond ETF | -2.81% | 4.82% | -4.92% | -1.86% |
Correlation
The correlation between EDV and UTWY is 0.97 - 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. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.97 |
The correlation between EDV and UTWY has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EDV vs. UTWY — Risk / Return Rank
EDV
UTWY
EDV vs. UTWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) and F/m US Treasury 20 Year Bond ETF (UTWY). 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 | UTWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.98 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.18 | -0.24 |
| Martin ratioReturn relative to average drawdown | -0.87 | -0.41 | -0.46 |
Loading charts...
Drawdowns
EDV vs. UTWY - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, which is greater than UTWY's maximum drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for EDV and UTWY.
Loading charts...
Drawdown Indicators
| EDV | UTWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -18.19% | -41.77% |
Max Drawdown (1Y)Largest decline over 1 year | -13.24% | -6.72% | -6.52% |
Max Drawdown (3Y)Largest decline over 3 years | -22.74% | -11.88% | -10.86% |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | — | — |
Current DrawdownCurrent decline from peak | -56.76% | -8.08% | -48.68% |
Average DrawdownAverage peak-to-trough decline | -23.70% | -6.98% | -16.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 3.03% | +3.36% |
Volatility
EDV vs. UTWY - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 3.91% compared to F/m US Treasury 20 Year Bond ETF (UTWY) at 2.16%. This indicates that EDV's price experiences larger fluctuations and is considered to be riskier than UTWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EDV | UTWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 2.16% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 6.02% | +4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 7.74% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 10.97% | +10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 10.97% | +8.77% |
EDV vs. UTWY - Expense Ratio Comparison
EDV has a 0.05% expense ratio, which is lower than UTWY's 0.15% 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. UTWY - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 5.42%, more than UTWY's 4.83% 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% |
UTWY F/m US Treasury 20 Year Bond ETF | 4.83% | 4.62% | 4.56% | 2.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, EDV and UTWY 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 UTWY (2.16%). In terms of maximum drawdown, EDV dropped -59.96% vs UTWY's -18.19%.
On 3-year performance, UTWY leads with 0.01% vs -4.58% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, UTWY has been the lower-risk option at 2.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UTWY has performed better with a 0.01% return vs -4.58%. 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 0.15% for UTWY.
EDV has the higher dividend yield at 5.42%, compared with 4.83% for UTWY.
EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while UTWY tracks Bloomberg US Treasury Bellwether 20 Year Index. They also come from different issuers: Vanguard and F/m. Their fees differ too: 0.05% for EDV and 0.15% for UTWY.
UTWY currently has the higher Sharpe Ratio (-0.16 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.
Find the right allocation for EDV and UTWY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer