EDV vs. VGSH
EDV (Vanguard Extended Duration Treasury ETF) and VGSH (Vanguard Short-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 VGSH tracks the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 10 years, EDV returned -4.40%/yr vs 1.75%/yr for VGSH. Their 0.51 correlation means they have sometimes moved together and sometimes differently. EDV charges 0.05%/yr vs 0.03%/yr for VGSH.
Performance
EDV vs. VGSH - 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 VGSH's 0.85% return. Over the past 10 years, EDV has underperformed VGSH with an annualized return of -4.40%, while VGSH has yielded a comparatively higher 1.75% 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%
VGSH
- 1D
- 0.07%
- 1M
- 0.11%
- 6M
- 0.67%
- YTD
- 0.85%
- 1Y
- 2.65%
- 3Y*
- 4.22%
- 5Y*
- 1.88%
- 10Y*
- 1.75%
- ALL TIME*
- 1.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $91.73M | $72.86M | $67.75M | |
| $149.43M | $165.20M | $192.79M |
EDV vs. VGSH - 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% |
VGSH Vanguard Short-Term Treasury ETF | 0.85% | 5.07% | 4.00% | 4.31% | -3.86% | -0.60% | 3.04% | 3.52% | 1.55% | 0.04% |
Correlation
The correlation between EDV and VGSH is 0.55, 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. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.51 |
The correlation between EDV and VGSH has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.
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Return for Risk
EDV vs. VGSH — Risk / Return Rank
EDV
VGSH
EDV vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) and Vanguard Short-Term Treasury ETF (VGSH). 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 | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.69 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.42 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 3.01 | -3.43 |
| Martin ratioReturn relative to average drawdown | -0.87 | 11.57 | -12.44 |
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Drawdowns
EDV vs. VGSH - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for EDV and VGSH.
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Drawdown Indicators
| EDV | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -5.70% | -54.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.24% | -0.88% | -12.36% |
Max Drawdown (3Y)Largest decline over 3 years | -22.74% | -0.97% | -21.77% |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | -5.62% | -49.41% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | -5.70% | -54.26% |
Current DrawdownCurrent decline from peak | -56.76% | 0.00% | -56.76% |
Average DrawdownAverage peak-to-trough decline | -23.70% | -0.59% | -23.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 0.23% | +6.16% |
Volatility
EDV vs. VGSH - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 3.91% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.35%. This indicates that EDV's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDV | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 0.35% | +3.56% |
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% | 1.23% | +12.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 1.98% | +19.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 1.58% | +18.16% |
EDV vs. VGSH - Expense Ratio Comparison
EDV has a 0.05% expense ratio, which is higher than VGSH'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. VGSH - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 5.42%, more than VGSH's 3.82% 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% |
VGSH Vanguard Short-Term Treasury ETF | 3.82% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Frequently Asked Questions
EDV and VGSH have a correlation of 0.55, 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 VGSH (0.35%). In terms of maximum drawdown, EDV dropped -59.96% vs VGSH's -5.70%.
On 10-year performance, VGSH leads with 1.75% vs -4.40% for EDV. On fees, VGSH is cheaper at 0.03% per year. On volatility, VGSH has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VGSH has performed better with a 1.75% return vs -4.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGSH 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 3.82% for VGSH.
EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while VGSH tracks Bloomberg U.S. Treasury 1-3 Year Index. Their fees differ too: 0.05% for EDV and 0.03% for VGSH.
VGSH 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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