GOVI vs. EDV
GOVI (Invesco Equal Weight 0-30 Year Treasury ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both Government Bonds funds - GOVI tracks the ICE 1-30 Year Laddered Maturity U.S. Treasury Index while EDV tracks the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. Both are passively managed. Over the past 10 years, GOVI returned -0.09%/yr vs -3.23%/yr for EDV. Their correlation of 0.92 suggests significant overlap in exposure. GOVI charges 0.15%/yr vs 0.05%/yr for EDV.
Performance
GOVI vs. EDV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GOVI achieves a 0.99% return, which is significantly lower than EDV's 3.21% return. Over the past 10 years, GOVI has outperformed EDV with an annualized return of -0.09%, while EDV has yielded a comparatively lower -3.23% annualized return.
GOVI
- 1D
- 0.87%
- 1M
- 2.26%
- YTD
- 0.99%
- 6M
- 0.58%
- 1Y
- 3.90%
- 3Y*
- 1.25%
- 5Y*
- -2.60%
- 10Y*
- -0.09%
EDV
- 1D
- 2.06%
- 1M
- 5.94%
- YTD
- 3.21%
- 6M
- 1.53%
- 1Y
- 4.82%
- 3Y*
- -4.65%
- 5Y*
- -9.68%
- 10Y*
- -3.23%
GOVI vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Year Treasury ETF | 0.99% | 5.84% | -2.95% | 3.31% | -19.98% | -3.76% | 12.55% | 10.00% | -0.28% | 4.96% |
EDV Vanguard Extended Duration Treasury ETF | 3.21% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
Correlation
The correlation between GOVI and EDV is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2007 | 0.92 |
The correlation between GOVI and EDV has been stable across timeframes, ranging from 0.92 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
GOVI vs. EDV — Risk / Return Rank
GOVI
EDV
GOVI vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) and Vanguard Extended Duration Treasury ETF (EDV). 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.
| GOVI | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.07 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.39 | +0.33 |
| Martin ratioReturn relative to average drawdown | 1.88 | 0.85 | +1.03 |
Loading charts...
Drawdowns
GOVI vs. EDV - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, smaller than the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for GOVI and EDV.
Loading charts...
Drawdown Indicators
| GOVI | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.70% | -59.96% | +27.26% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -12.54% | +7.09% |
Max Drawdown (3Y)Largest decline over 3 years | -11.58% | -26.90% | +15.32% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -55.03% | +26.73% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | -59.96% | +27.26% |
Current DrawdownCurrent decline from peak | -21.18% | -52.64% | +31.46% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -23.52% | +13.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 5.65% | -3.57% |
Volatility
GOVI vs. EDV - Volatility Comparison
The current volatility for Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) is 1.79%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 3.83%. This indicates that GOVI experiences smaller price fluctuations and is considered to be less risky than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GOVI | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 3.83% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | 10.06% | -5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.47% | 14.40% | -7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.86% | 21.59% | -11.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.09% | 19.80% | -10.71% |
GOVI vs. EDV - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is higher than EDV'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%.
Dividends
GOVI vs. EDV - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.79%, less than EDV's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.80% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
GOVI Invesco Equal Weight 0-30 Year Treasury ETF | 3.79% | 3.75% | 3.56% | 2.87% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% |
Frequently Asked Questions
With a correlation of 0.96, GOVI and EDV 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 (3.83%) compared to GOVI (1.79%). In terms of maximum drawdown, GOVI dropped -32.70% vs EDV's -59.96%.
On 10-year performance, GOVI leads with -0.09% vs -3.23% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, GOVI has been the lower-risk option at 1.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GOVI has performed better with a -0.09% return vs -3.23%. 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 GOVI.
EDV has the higher dividend yield at 4.80%, compared with 3.79% for GOVI.
GOVI tracks ICE 1-30 Year Laddered Maturity U.S. Treasury Index, while EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.15% for GOVI and 0.05% for EDV.
GOVI currently has the higher Sharpe Ratio (0.61 vs 0.34), 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 GOVI and EDV
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