PLW vs. EDV
PLW (Invesco 1-30 Laddered Treasury ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both Government Bonds funds - PLW tracks the Ryan/NASDAQ 1-30 Year Treasury Laddered 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, PLW returned -0.41%/yr vs -4.29%/yr for EDV. Their correlation of 0.92 means they have usually moved in the same direction. PLW charges 0.25%/yr vs 0.05%/yr for EDV.
Performance
PLW vs. EDV - Performance Comparison
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Returns By Period
In the year-to-date period, PLW achieves a -1.49% return, which is significantly higher than EDV's -4.65% return. Over the past 10 years, PLW has outperformed EDV with an annualized return of -0.41%, while EDV has yielded a comparatively lower -4.29% annualized return.
PLW
- 1D
- 0.57%
- 1M
- -1.60%
- 6M
- -1.34%
- YTD
- -1.49%
- 1Y
- 0.11%
- 3Y*
- 1.52%
- 5Y*
- -3.79%
- 10Y*
- -0.41%
- ALL TIME*
- 2.91%
EDV
- 1D
- 1.17%
- 1M
- -4.80%
- 6M
- -4.33%
- YTD
- -4.65%
- 1Y
- -4.82%
- 3Y*
- -4.20%
- 5Y*
- -12.52%
- 10Y*
- -4.29%
- ALL TIME*
- 2.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $95.67M | $74.04M | $67.48M | |
| $4.68M | $4.78M | $7.09M |
PLW vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLW Invesco 1-30 Laddered Treasury ETF | -1.49% | 5.84% | -2.95% | 3.31% | -19.98% | -3.76% | 12.55% | 10.00% | -0.28% | 4.96% |
EDV Vanguard Extended Duration Treasury ETF | -4.65% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
Correlation
The correlation between PLW and EDV is 0.96 - 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. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2007 | 0.92 |
The correlation between PLW and EDV has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
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Return for Risk
PLW vs. EDV — Risk / Return Rank
PLW
EDV
PLW vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco 1-30 Laddered Treasury ETF (PLW) 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.
| PLW | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.96 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.37 | +0.39 |
| Martin ratioReturn relative to average drawdown | 0.05 | -0.75 | +0.80 |
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Drawdowns
PLW vs. EDV - Drawdown Comparison
The maximum PLW 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 PLW and EDV.
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Drawdown Indicators
| PLW | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.70% | -59.96% | +27.26% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -13.24% | +7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -9.49% | -22.74% | +13.25% |
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 | -23.12% | -56.25% | +33.13% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -23.71% | +13.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 6.43% | -4.03% |
Volatility
PLW vs. EDV - Volatility Comparison
The current volatility for Invesco 1-30 Laddered Treasury ETF (PLW) is 1.78%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 4.17%. This indicates that PLW 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.
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Volatility by Period
| PLW | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 4.17% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.88% | 10.28% | -5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 14.03% | -7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.82% | 21.52% | -11.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 19.74% | -10.67% |
PLW vs. EDV - Expense Ratio Comparison
PLW has a 0.25% 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
PLW vs. EDV - Dividend Comparison
PLW's dividend yield for the trailing twelve months is around 3.92%, less than EDV's 5.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 5.36% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
PLW Invesco 1-30 Laddered Treasury ETF | 3.92% | 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, PLW 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 (4.17%) compared to PLW (1.78%). In terms of maximum drawdown, PLW dropped -32.70% vs EDV's -59.96%.
On 10-year performance, PLW leads with -0.41% vs -4.29% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, PLW has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PLW has performed better with a -0.41% return vs -4.29%. 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 0.25% for PLW.
EDV has the higher dividend yield at 5.36%, compared with 3.92% for PLW.
PLW tracks Ryan/NASDAQ 1-30 Year Treasury Laddered 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: 0.25% for PLW and 0.05% for EDV.
PLW currently has the higher Sharpe Ratio (0.02 vs -0.35), 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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