EDV vs. VBR
EDV (Vanguard Extended Duration Treasury ETF) and VBR (Vanguard Small-Cap Value 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 VBR is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index. Both are passively managed. Over the past 10 years, EDV returned -3.55%/yr vs 10.95%/yr for VBR. At a correlation of -0.25, they often move in opposite directions. Both charge a 0.05% expense ratio.
Performance
EDV vs. VBR - Performance Comparison
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Returns By Period
In the year-to-date period, EDV achieves a -0.21% return, which is significantly lower than VBR's 14.49% return. Over the past 10 years, EDV has underperformed VBR with an annualized return of -3.55%, while VBR has yielded a comparatively higher 10.95% annualized return.
EDV
- 1D
- -0.22%
- 1M
- 4.29%
- YTD
- -0.21%
- 6M
- -0.22%
- 1Y
- 3.14%
- 3Y*
- -5.43%
- 5Y*
- -10.13%
- 10Y*
- -3.55%
VBR
- 1D
- -0.09%
- 1M
- 6.08%
- YTD
- 14.49%
- 6M
- 12.98%
- 1Y
- 29.82%
- 3Y*
- 16.12%
- 5Y*
- 8.62%
- 10Y*
- 10.95%
EDV vs. VBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | -0.21% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
VBR Vanguard Small-Cap Value ETF | 14.49% | 9.09% | 12.40% | 16.00% | -9.38% | 28.08% | 5.90% | 22.78% | -12.28% | 11.81% |
Correlation
The correlation between EDV and VBR is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2007 | -0.25 |
The correlation between EDV and VBR shifts across timeframes, from -0.25 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EDV vs. VBR — Risk / Return Rank
EDV
VBR
EDV vs. VBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) and Vanguard Small-Cap Value ETF (VBR). 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 | VBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.34 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 3.38 | -3.13 |
| Martin ratioReturn relative to average drawdown | 0.57 | 11.97 | -11.41 |
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Drawdowns
EDV vs. VBR - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, roughly equal to the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for EDV and VBR.
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Drawdown Indicators
| EDV | VBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -61.98% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -8.85% | -3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -26.99% | -24.19% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | -24.19% | -30.84% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | -45.28% | -14.68% |
Current DrawdownCurrent decline from peak | -54.22% | -0.09% | -54.13% |
Average DrawdownAverage peak-to-trough decline | -23.48% | -8.26% | -15.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.57% | 2.50% | +3.07% |
Volatility
EDV vs. VBR - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) and Vanguard Small-Cap Value ETF (VBR) have volatilities of 4.21% and 4.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDV | VBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 4.43% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 10.61% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 15.31% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 19.79% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.82% | 21.75% | -1.93% |
EDV vs. VBR - Expense Ratio Comparison
Both EDV and VBR have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EDV vs. VBR - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 4.96%, more than VBR's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.96% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
VBR Vanguard Small-Cap Value ETF | 1.72% | 1.95% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Frequently Asked Questions
EDV and VBR have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBR has higher volatility (4.43%) compared to EDV (4.21%). In terms of maximum drawdown, EDV dropped -59.96% vs VBR's -61.98%.
On 10-year performance, VBR leads with 10.95% vs -3.55% for EDV. Both ETFs have the same 0.05% expense ratio. On volatility, EDV has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VBR has performed better with a 10.95% return vs -3.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV and VBR have the same expense ratio: 0.05% per year.
EDV has the higher dividend yield at 4.96%, compared with 1.72% for VBR.
EDV is categorized as Government Bonds, while VBR is Small Cap Value Equities. EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while VBR tracks CRSP US Small Cap Value Index.
VBR currently has the higher Sharpe Ratio (1.96 vs 0.22), 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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