EDV vs. VGLT
EDV (Vanguard Extended Duration Treasury ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both Government Bonds funds from Vanguard - EDV tracks the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index while VGLT tracks the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 10 years, EDV returned -4.47%/yr vs -1.80%/yr for VGLT. Their 0.97 correlation means they have historically moved very closely together. EDV charges 0.05%/yr vs 0.03%/yr for VGLT.
Performance
EDV vs. VGLT - Performance Comparison
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Returns By Period
In the year-to-date period, EDV achieves a -6.20% return, which is significantly lower than VGLT's -3.26% return. Over the past 10 years, EDV has underperformed VGLT with an annualized return of -4.47%, while VGLT has yielded a comparatively higher -1.80% annualized return.
EDV
- 1D
- -1.06%
- 1M
- -6.35%
- 6M
- -5.97%
- YTD
- -6.20%
- 1Y
- -6.00%
- 3Y*
- -5.53%
- 5Y*
- -12.61%
- 10Y*
- -4.47%
- ALL TIME*
- 2.34%
VGLT
- 1D
- -0.62%
- 1M
- -3.51%
- 6M
- -3.14%
- YTD
- -3.26%
- 1Y
- -1.67%
- 3Y*
- -0.62%
- 5Y*
- -7.07%
- 10Y*
- -1.80%
- ALL TIME*
- 2.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.59M | $71.96M | $67.10M | |
| $95.69M | $98.86M | $108.97M |
EDV vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | -6.20% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
VGLT Vanguard Long-Term Treasury ETF | -3.26% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Correlation
The correlation between EDV and VGLT is 0.98 - 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. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.97 |
The correlation between EDV and VGLT has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
EDV vs. VGLT — Risk / Return Rank
EDV
VGLT
EDV vs. VGLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) and Vanguard Long-Term Treasury ETF (VGLT). 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 | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.00 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | -0.05 | -0.28 |
| Martin ratioReturn relative to average drawdown | -0.70 | -0.12 | -0.58 |
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Drawdowns
EDV vs. VGLT - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, which is greater than VGLT's maximum drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for EDV and VGLT.
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Drawdown Indicators
| EDV | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -46.18% | -13.78% |
Max Drawdown (1Y)Largest decline over 1 year | -13.24% | -7.03% | -6.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.74% | -13.38% | -9.36% |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | -40.98% | -14.05% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | -46.18% | -13.78% |
Current DrawdownCurrent decline from peak | -56.96% | -38.64% | -18.32% |
Average DrawdownAverage peak-to-trough decline | -23.70% | -15.26% | -8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 3.19% | +3.15% |
Volatility
EDV vs. VGLT - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 3.85% compared to Vanguard Long-Term Treasury ETF (VGLT) at 2.24%. This indicates that EDV's price experiences larger fluctuations and is considered to be riskier than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDV | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 2.24% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 6.31% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 8.47% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 14.45% | +7.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 13.75% | +5.99% |
EDV vs. VGLT - Expense Ratio Comparison
EDV has a 0.05% expense ratio, which is higher than VGLT'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. VGLT - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 5.45%, more than VGLT's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 5.45% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
VGLT Vanguard Long-Term Treasury ETF | 4.37% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
With a correlation of 0.98, EDV and VGLT 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 (3.85%) compared to VGLT (2.24%). In terms of maximum drawdown, EDV dropped -59.96% vs VGLT's -46.18%.
On 10-year performance, VGLT leads with -1.80% vs -4.47% for EDV. On fees, VGLT is cheaper at 0.03% per year. On volatility, VGLT has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VGLT has performed better with a -1.80% return vs -4.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.05% for EDV.
EDV has the higher dividend yield at 5.45%, compared with 4.37% for VGLT.
EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while VGLT tracks Bloomberg U.S. Long Treasury Index. Their fees differ too: 0.05% for EDV and 0.03% for VGLT.
VGLT currently has the higher Sharpe Ratio (-0.04 vs -0.31), 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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