SPLV vs. EDV
SPLV (Invesco S&P 500 Low Volatility ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both exchange-traded funds - SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index, 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, SPLV returned 8.33%/yr vs -3.55%/yr for EDV. At a correlation of -0.08, they often move in opposite directions. SPLV charges 0.25%/yr vs 0.05%/yr for EDV.
Performance
SPLV vs. EDV - Performance Comparison
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Returns By Period
In the year-to-date period, SPLV achieves a 4.85% return, which is significantly higher than EDV's -0.21% return. Over the past 10 years, SPLV has outperformed EDV with an annualized return of 8.33%, while EDV has yielded a comparatively lower -3.55% annualized return.
SPLV
- 1D
- -0.36%
- 1M
- 2.76%
- YTD
- 4.85%
- 6M
- 4.17%
- 1Y
- 4.71%
- 3Y*
- 8.01%
- 5Y*
- 6.29%
- 10Y*
- 8.33%
EDV
- 1D
- -0.22%
- 1M
- 4.29%
- YTD
- -0.21%
- 6M
- -0.22%
- 1Y
- 3.14%
- 3Y*
- -5.43%
- 5Y*
- -10.13%
- 10Y*
- -3.55%
SPLV vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPLV Invesco S&P 500 Low Volatility ETF | 4.85% | 4.10% | 13.93% | 0.53% | -4.88% | 24.13% | -1.39% | 27.87% | -0.19% | 17.32% |
EDV Vanguard Extended Duration Treasury ETF | -0.21% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
Correlation
The correlation between SPLV and EDV is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 5, 2011 | -0.08 |
The correlation between SPLV and EDV shifts across timeframes, from -0.08 (all time) to 0.27 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPLV vs. EDV — Risk / Return Rank
SPLV
EDV
SPLV vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility ETF (SPLV) 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.
| SPLV | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.05 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.25 | +0.39 |
| Martin ratioReturn relative to average drawdown | 1.50 | 0.57 | +0.93 |
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Drawdowns
SPLV vs. EDV - Drawdown Comparison
The maximum SPLV drawdown since its inception was -36.26%, smaller than the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for SPLV and EDV.
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Drawdown Indicators
| SPLV | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.26% | -59.96% | +23.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -12.54% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -9.64% | -26.99% | +17.35% |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | -55.03% | +37.77% |
Max Drawdown (10Y)Largest decline over 10 years | -36.26% | -59.96% | +23.70% |
Current DrawdownCurrent decline from peak | -3.66% | -54.22% | +50.56% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -23.48% | +19.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 5.57% | -2.42% |
Volatility
SPLV vs. EDV - Volatility Comparison
Invesco S&P 500 Low Volatility ETF (SPLV) and Vanguard Extended Duration Treasury ETF (EDV) have volatilities of 4.03% and 4.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPLV | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 4.21% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 9.89% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.08% | 14.37% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.51% | 21.63% | -9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 19.82% | -4.44% |
SPLV vs. EDV - Expense Ratio Comparison
SPLV 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
SPLV vs. EDV - Dividend Comparison
SPLV's dividend yield for the trailing twelve months is around 2.15%, less than EDV's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.96% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
SPLV Invesco S&P 500 Low Volatility ETF | 2.15% | 2.04% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% |
Frequently Asked Questions
SPLV and EDV have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDV has higher volatility (4.21%) compared to SPLV (4.03%). In terms of maximum drawdown, SPLV dropped -36.26% vs EDV's -59.96%.
On 10-year performance, SPLV leads with 8.33% vs -3.55% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, SPLV has been the lower-risk option at 4.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPLV has performed better with a 8.33% return vs -3.55%. 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 SPLV.
EDV has the higher dividend yield at 4.96%, compared with 2.15% for SPLV.
SPLV is categorized as S&P 500, while EDV is Government Bonds. SPLV tracks S&P 500 Low Volatility 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 SPLV and 0.05% for EDV.
SPLV currently has the higher Sharpe Ratio (0.47 vs 0.22), 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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