UST vs. EDV
UST (ProShares Ultra 7-10 Year Treasury) and EDV (Vanguard Extended Duration Treasury ETF) are both exchange-traded funds - UST is a Leveraged Bonds fund tracking the Barclays Capital U.S. 7-10 Year Treasury Index (200%), 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, UST returned -2.65%/yr vs -4.47%/yr for EDV. Their correlation of 0.87 means they have usually moved in the same direction. UST charges 0.95%/yr vs 0.05%/yr for EDV.
Performance
UST vs. EDV - Performance Comparison
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Returns By Period
In the year-to-date period, UST achieves a -5.28% return, which is significantly higher than EDV's -6.20% return. Over the past 10 years, UST has outperformed EDV with an annualized return of -2.65%, while EDV has yielded a comparatively lower -4.47% annualized return.
UST
- 1D
- -1.21%
- 1M
- -3.09%
- 6M
- -4.76%
- YTD
- -5.28%
- 1Y
- -3.20%
- 3Y*
- 0.33%
- 5Y*
- -8.23%
- 10Y*
- -2.65%
- ALL TIME*
- 2.33%
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 | |
| $532.69K | $437.48K | $326.17K |
UST vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UST ProShares Ultra 7-10 Year Treasury | -5.28% | 10.26% | -6.19% | 0.16% | -30.19% | -7.81% | 18.83% | 13.34% | -1.09% | 3.21% |
EDV Vanguard Extended Duration Treasury ETF | -6.20% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
Correlation
The correlation between UST and EDV is 0.84, 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. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2010 | 0.87 |
The correlation between UST and EDV has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
UST vs. EDV — Risk / Return Rank
UST
EDV
UST vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 7-10 Year Treasury (UST) 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.
| UST | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.96 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.33 | +0.23 |
| Martin ratioReturn relative to average drawdown | -0.23 | -0.70 | +0.46 |
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Drawdowns
UST vs. EDV - Drawdown Comparison
The maximum UST drawdown since its inception was -47.99%, smaller than the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for UST and EDV.
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Drawdown Indicators
| UST | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.99% | -59.96% | +11.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -13.24% | +4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -14.85% | -22.74% | +7.89% |
Max Drawdown (5Y)Largest decline over 5 years | -43.97% | -55.03% | +11.06% |
Max Drawdown (10Y)Largest decline over 10 years | -47.99% | -59.96% | +11.97% |
Current DrawdownCurrent decline from peak | -39.85% | -56.96% | +17.11% |
Average DrawdownAverage peak-to-trough decline | -15.35% | -23.70% | +8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 6.34% | -2.30% |
Volatility
UST vs. EDV - Volatility Comparison
The current volatility for ProShares Ultra 7-10 Year Treasury (UST) is 2.58%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 3.85%. This indicates that UST 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
| UST | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 3.85% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.22% | 10.24% | -3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 14.08% | -4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 21.52% | -6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.15% | 19.74% | -6.59% |
UST vs. EDV - Expense Ratio Comparison
UST has a 0.95% expense ratio, which is higher than EDV's 0.05% expense ratio.
Dividends
UST vs. EDV - Dividend Comparison
UST's dividend yield for the trailing twelve months is around 3.65%, 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% |
UST ProShares Ultra 7-10 Year Treasury | 3.65% | 3.65% | 4.09% | 3.49% | 0.47% | 0.27% | 0.53% | 1.42% | 1.71% | 0.84% | 0.64% | 0.75% |
Frequently Asked Questions
UST and EDV have a correlation of 0.84, 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 UST (2.58%). In terms of maximum drawdown, UST dropped -47.99% vs EDV's -59.96%.
On 10-year performance, UST leads with -2.65% vs -4.47% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, UST has been the lower-risk option at 2.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UST has performed better with a -2.65% return vs -4.47%. 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 0.95% for UST.
EDV has the higher dividend yield at 5.45%, compared with 3.65% for UST.
UST is categorized as Leveraged Bonds, while EDV is Government Bonds. UST tracks Barclays Capital U.S. 7-10 Year Treasury Index (200%), while EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for UST and 0.05% for EDV.
UST currently has the higher Sharpe Ratio (-0.10 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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