EDV vs. UST
Compare and contrast key facts about Vanguard Extended Duration Treasury ETF (EDV) and ProShares Ultra 7-10 Year Treasury (UST).
EDV and UST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. UST is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 7-10 Year Treasury Index (200%). It was launched on Jan 19, 2010. Both EDV and UST 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: EDV or UST.
Key characteristics
| EDV | UST | |
|---|---|---|
| YTD Return | -12.99% | -9.19% |
| 1Y Return | -19.33% | -16.33% |
| 3Y Return (Ann) | -15.97% | -13.58% |
| 5Y Return (Ann) | -6.45% | -5.22% |
| 10Y Return (Ann) | -0.34% | -1.04% |
| Sharpe Ratio | -0.81 | -0.93 |
| Daily Std Dev | 23.21% | 16.35% |
| Max Drawdown | -59.96% | -47.99% |
| Current Drawdown | -54.66% | -44.24% |
Correlation
The correlation between EDV and UST is 0.87, 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.
Performance
EDV vs. UST - Performance Comparison
In the year-to-date period, EDV achieves a -12.99% return, which is significantly lower than UST's -9.19% return. Over the past 10 years, EDV has outperformed UST with an annualized return of -0.34%, while UST has yielded a comparatively lower -1.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EDV vs. UST - Expense Ratio Comparison
EDV has a 0.06% expense ratio, which is lower than UST's 0.95% expense ratio.
Risk-Adjusted Performance
EDV vs. UST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) and ProShares Ultra 7-10 Year Treasury (UST). 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
EDV vs. UST - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 4.26%, less than UST's 4.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.26% | 3.55% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% | 3.12% | 5.03% |
UST ProShares Ultra 7-10 Year Treasury | 4.43% | 3.49% | 0.47% | 0.27% | 0.53% | 1.42% | 1.71% | 0.84% | 0.64% | 0.75% | 4.91% | 0.00% |
Drawdowns
EDV vs. UST - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, which is greater than UST's maximum drawdown of -47.99%. Use the drawdown chart below to compare losses from any high point for EDV and UST. For additional features, visit the drawdowns tool.
Volatility
EDV vs. UST - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 5.45% compared to ProShares Ultra 7-10 Year Treasury (UST) at 4.76%. This indicates that EDV's price experiences larger fluctuations and is considered to be riskier than UST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.