SPEM vs. EDV
SPEM (SPDR Portfolio Emerging Markets ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both exchange-traded funds - SPEM is a Emerging Markets Equities fund tracking the S&P Emerging Markets BMI, while EDV is a Government Bonds fund tracking the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. Both are passively managed. Over the past 10 years, SPEM returned 9.52%/yr vs -3.45%/yr for EDV. At a correlation of -0.21, they often move in opposite directions. SPEM charges 0.11%/yr vs 0.05%/yr for EDV.
Performance
SPEM vs. EDV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPEM achieves a 10.36% return, which is significantly higher than EDV's 0.40% return. Over the past 10 years, SPEM has outperformed EDV with an annualized return of 9.52%, while EDV has yielded a comparatively lower -3.45% annualized return.
SPEM
- 1D
- 2.36%
- 1M
- 0.16%
- YTD
- 10.36%
- 6M
- 11.13%
- 1Y
- 24.73%
- 3Y*
- 17.37%
- 5Y*
- 5.42%
- 10Y*
- 9.52%
EDV
- 1D
- 1.93%
- 1M
- 2.59%
- YTD
- 0.40%
- 6M
- -1.16%
- 1Y
- 4.02%
- 3Y*
- -5.03%
- 5Y*
- -10.20%
- 10Y*
- -3.45%
SPEM vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPEM SPDR Portfolio Emerging Markets ETF | 10.36% | 25.63% | 11.40% | 10.51% | -17.90% | 1.51% | 14.55% | 19.69% | -13.26% | 34.82% |
EDV Vanguard Extended Duration Treasury ETF | 0.40% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
Correlation
The correlation between SPEM and EDV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2007 | -0.21 |
The correlation between SPEM and EDV shifts across timeframes, from -0.21 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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
SPEM vs. EDV — Risk / Return Rank
SPEM
EDV
SPEM vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Emerging Markets ETF (SPEM) 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.
| SPEM | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.06 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 0.32 | +1.86 |
| Martin ratioReturn relative to average drawdown | 7.82 | 0.73 | +7.09 |
Loading charts...
Drawdowns
SPEM vs. EDV - Drawdown Comparison
The maximum SPEM drawdown since its inception was -64.41%, which is greater than EDV's maximum drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for SPEM and EDV.
Loading charts...
Drawdown Indicators
| SPEM | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -59.96% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -11.36% | -12.54% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -26.99% | +9.37% |
Max Drawdown (5Y)Largest decline over 5 years | -31.75% | -55.03% | +23.28% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | -59.96% | +23.90% |
Current DrawdownCurrent decline from peak | -3.24% | -53.94% | +50.70% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -23.47% | +8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 5.53% | -2.36% |
Volatility
SPEM vs. EDV - Volatility Comparison
SPDR Portfolio Emerging Markets ETF (SPEM) has a higher volatility of 6.93% compared to Vanguard Extended Duration Treasury ETF (EDV) at 4.21%. This indicates that SPEM's price experiences larger fluctuations and is considered to be riskier than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPEM | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 4.21% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 9.90% | +4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 14.54% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 21.63% | -4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 19.82% | -0.98% |
SPEM vs. EDV - Expense Ratio Comparison
SPEM has a 0.11% 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
SPEM vs. EDV - Dividend Comparison
SPEM's dividend yield for the trailing twelve months is around 2.51%, less than EDV's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.93% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
SPEM SPDR Portfolio Emerging Markets ETF | 2.51% | 2.77% | 2.78% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% |
Frequently Asked Questions
SPEM and EDV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPEM has higher volatility (6.93%) compared to EDV (4.21%). In terms of maximum drawdown, SPEM dropped -64.41% vs EDV's -59.96%.
On 10-year performance, SPEM leads with 9.52% vs -3.45% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, EDV has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPEM has performed better with a 9.52% return vs -3.45%. 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 0.11% for SPEM.
EDV has the higher dividend yield at 4.93%, compared with 2.51% for SPEM.
SPEM is categorized as Emerging Markets Equities, while EDV is Government Bonds. SPEM tracks S&P Emerging Markets BMI, while EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.11% for SPEM and 0.05% for EDV.
SPEM currently has the higher Sharpe Ratio (1.49 vs 0.28), 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 SPEM 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