TBF vs. EDV
Compare and contrast key facts about ProShares Short 20+ Year Treasury (TBF) and Vanguard Extended Duration Treasury ETF (EDV).
TBF and EDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBF is a passively managed fund by ProShares that tracks the performance of the U.S. Treasury 20+ Year Index (-100%). It was launched on Aug 20, 2009. EDV is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. It was launched on Dec 6, 2007. Both TBF and EDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBF or EDV.
Correlation
The correlation between TBF and EDV is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TBF vs. EDV - Performance Comparison
Key characteristics
TBF:
0.15
EDV:
0.08
TBF:
0.33
EDV:
0.25
TBF:
1.04
EDV:
1.03
TBF:
0.04
EDV:
0.03
TBF:
0.37
EDV:
0.15
TBF:
5.72%
EDV:
10.80%
TBF:
14.12%
EDV:
20.74%
TBF:
-70.40%
EDV:
-59.96%
TBF:
-46.13%
EDV:
-53.95%
Returns By Period
In the year-to-date period, TBF achieves a -1.33% return, which is significantly lower than EDV's 1.26% return. Over the past 10 years, TBF has outperformed EDV with an annualized return of 1.03%, while EDV has yielded a comparatively lower -2.16% annualized return.
TBF
-1.33%
-0.08%
3.95%
1.10%
11.94%
1.03%
EDV
1.26%
-0.24%
-4.44%
2.92%
-13.85%
-2.16%
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TBF vs. EDV - Expense Ratio Comparison
TBF has a 0.94% expense ratio, which is higher than EDV's 0.06% expense ratio.
Risk-Adjusted Performance
TBF vs. EDV — Risk-Adjusted Performance Rank
TBF
EDV
TBF vs. EDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 20+ Year Treasury (TBF) 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.
Dividends
TBF vs. EDV - Dividend Comparison
TBF's dividend yield for the trailing twelve months is around 4.31%, less than EDV's 4.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBF ProShares Short 20+ Year Treasury | 4.31% | 4.06% | 4.99% | 0.36% | 0.00% | 0.22% | 1.68% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% |
EDV Vanguard Extended Duration Treasury ETF | 4.68% | 4.65% | 3.55% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% | 3.12% |
Drawdowns
TBF vs. EDV - Drawdown Comparison
The maximum TBF drawdown since its inception was -70.40%, which is greater than EDV's maximum drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for TBF and EDV. For additional features, visit the drawdowns tool.
Volatility
TBF vs. EDV - Volatility Comparison
The current volatility for ProShares Short 20+ Year Treasury (TBF) is 5.49%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 9.21%. This indicates that TBF 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.