TLT vs. EDV
Compare and contrast key facts about iShares 20+ Year Treasury Bond ETF (TLT) and Vanguard Extended Duration Treasury ETF (EDV).
TLT and EDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. 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 TLT 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: TLT or EDV.
Performance
TLT vs. EDV - Performance Comparison
Returns By Period
In the year-to-date period, TLT achieves a -5.58% return, which is significantly higher than EDV's -9.70% return. Over the past 10 years, TLT has outperformed EDV with an annualized return of -0.37%, while EDV has yielded a comparatively lower -1.26% annualized return.
TLT
-5.58%
-1.81%
1.13%
3.40%
-6.09%
-0.37%
EDV
-9.70%
-2.53%
-0.09%
2.39%
-9.09%
-1.26%
Key characteristics
| TLT | EDV | |
|---|---|---|
| Sharpe Ratio | 0.26 | 0.15 |
| Sortino Ratio | 0.46 | 0.35 |
| Omega Ratio | 1.05 | 1.04 |
| Calmar Ratio | 0.09 | 0.05 |
| Martin Ratio | 0.60 | 0.34 |
| Ulcer Index | 6.30% | 9.02% |
| Daily Std Dev | 14.73% | 20.57% |
| Max Drawdown | -48.35% | -59.96% |
| Current Drawdown | -41.17% | -52.94% |
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TLT vs. EDV - Expense Ratio Comparison
TLT has a 0.15% expense ratio, which is higher than EDV's 0.06% 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%.
Correlation
The correlation between TLT and EDV is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
TLT vs. EDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) 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
TLT vs. EDV - Dividend Comparison
TLT's dividend yield for the trailing twelve months is around 4.07%, less than EDV's 4.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | 4.07% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
EDV Vanguard Extended Duration Treasury ETF | 4.30% | 3.55% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% | 3.12% | 5.03% |
Drawdowns
TLT vs. EDV - Drawdown Comparison
The maximum TLT drawdown since its inception was -48.35%, smaller than the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for TLT and EDV. For additional features, visit the drawdowns tool.
Volatility
TLT vs. EDV - Volatility Comparison
The current volatility for iShares 20+ Year Treasury Bond ETF (TLT) is 4.65%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 6.74%. This indicates that TLT 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.