EDV vs. VTEB
Compare and contrast key facts about Vanguard Extended Duration Treasury ETF (EDV) and Vanguard Tax-Exempt Bond ETF (VTEB).
EDV and VTEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EDV is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. It was launched on Dec 6, 2007. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015. Both EDV and VTEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EDV or VTEB.
Key characteristics
| EDV | VTEB | |
|---|---|---|
| YTD Return | -9.89% | 1.58% |
| 1Y Return | 4.45% | 6.31% |
| 3Y Return (Ann) | -16.99% | -0.09% |
| 5Y Return (Ann) | -8.70% | 1.23% |
| Sharpe Ratio | 0.30 | 1.70 |
| Sortino Ratio | 0.56 | 2.48 |
| Omega Ratio | 1.06 | 1.33 |
| Calmar Ratio | 0.11 | 0.93 |
| Martin Ratio | 0.70 | 7.24 |
| Ulcer Index | 8.84% | 0.91% |
| Daily Std Dev | 20.65% | 3.90% |
| Max Drawdown | -59.96% | -17.00% |
| Current Drawdown | -53.04% | -1.22% |
Correlation
The correlation between EDV and VTEB is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EDV vs. VTEB - Performance Comparison
In the year-to-date period, EDV achieves a -9.89% return, which is significantly lower than VTEB's 1.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EDV vs. VTEB - Expense Ratio Comparison
EDV has a 0.06% expense ratio, which is higher than VTEB's 0.05% 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%.
Risk-Adjusted Performance
EDV vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.
Dividends
EDV vs. VTEB - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 4.31%, more than VTEB's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.31% | 3.55% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% | 3.12% | 5.03% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.09% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
EDV vs. VTEB - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for EDV and VTEB. For additional features, visit the drawdowns tool.
Volatility
EDV vs. VTEB - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 7.08% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.97%. This indicates that EDV's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.