SPTB vs. EDV
SPTB (State Street SPDR Portfolio Treasury ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both Government Bonds funds - SPTB tracks the Bloomberg 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 year, SPTB returned 1.09% vs -6.00% for EDV. Their correlation of 0.90 means they have usually moved in the same direction. SPTB charges 0.03%/yr vs 0.05%/yr for EDV.
Performance
SPTB vs. EDV - Performance Comparison
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Returns By Period
In the year-to-date period, SPTB achieves a -0.64% return, which is significantly higher than EDV's -6.20% return.
SPTB
- 1D
- -0.22%
- 1M
- -1.20%
- 6M
- -0.75%
- YTD
- -0.64%
- 1Y
- 1.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.46%
EDV
- 1D
- -1.06%
- 1M
- -6.35%
- 6M
- -5.97%
- YTD
- -6.20%
- 1Y
- -6.00%
- 3Y*
- -5.53%
- 5Y*
- -12.61%
- 10Y*
- -4.47%
- ALL TIME*
- 2.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.59M | $71.96M | $67.10M | |
| $554.84K | $766.31K | $2.41M |
SPTB vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPTB State Street SPDR Portfolio Treasury ETF | -0.64% | 6.14% | 2.17% |
EDV Vanguard Extended Duration Treasury ETF | -6.20% | 0.65% | -3.35% |
Correlation
The correlation between SPTB and EDV is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 21, 2024 | 0.90 |
The correlation between SPTB and EDV has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
SPTB vs. EDV — Risk / Return Rank
SPTB
EDV
SPTB vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio Treasury ETF (SPTB) 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.
| SPTB | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.96 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | -0.33 | +1.03 |
| Martin ratioReturn relative to average drawdown | 1.66 | -0.70 | +2.36 |
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Drawdowns
SPTB vs. EDV - Drawdown Comparison
The maximum SPTB drawdown since its inception was -4.96%, smaller than the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for SPTB and EDV.
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Drawdown Indicators
| SPTB | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.96% | -59.96% | +55.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -13.24% | +10.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.96% | — |
Current DrawdownCurrent decline from peak | -2.50% | -56.96% | +54.46% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -23.70% | +22.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 6.34% | -5.13% |
Volatility
SPTB vs. EDV - Volatility Comparison
The current volatility for State Street SPDR Portfolio Treasury ETF (SPTB) is 0.94%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 3.85%. This indicates that SPTB 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
| SPTB | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 3.85% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 10.24% | -7.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 14.08% | -10.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.36% | 21.52% | -17.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.36% | 19.74% | -15.38% |
SPTB vs. EDV - Expense Ratio Comparison
SPTB has a 0.03% expense ratio, which is lower than EDV's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPTB vs. EDV - Dividend Comparison
SPTB's dividend yield for the trailing twelve months is around 4.22%, less than EDV's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 5.45% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
SPTB State Street SPDR Portfolio Treasury ETF | 3.85% | 4.23% | 2.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPTB and EDV have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDV has higher volatility (3.85%) compared to SPTB (0.94%). In terms of maximum drawdown, SPTB dropped -4.96% vs EDV's -59.96%.
On 1-year performance, SPTB leads with 1.09% vs -6.00% for EDV. On fees, SPTB is cheaper at 0.03% per year. On volatility, SPTB has been the lower-risk option at 0.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPTB has performed better with a 1.09% return vs -6.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPTB is cheaper with a 0.03% expense ratio, compared with 0.05% for EDV.
EDV has the higher dividend yield at 5.45%, compared with 3.85% for SPTB.
SPTB tracks Bloomberg 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: State Street and Vanguard. Their fees differ too: 0.03% for SPTB and 0.05% for EDV.
SPTB currently has the higher Sharpe Ratio (0.57 vs -0.31), 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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