UTWY vs. EDV
UTWY (F/m US Treasury 20 Year Bond ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both Government Bonds funds - UTWY tracks the Bloomberg US Treasury Bellwether 20 Year Index while EDV tracks the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. Both are passively managed. Over the past 3 years, UTWY returned -0.41%/yr vs -5.53%/yr for EDV. Their 0.97 correlation means they have historically moved very closely together. UTWY charges 0.15%/yr vs 0.05%/yr for EDV.
Performance
UTWY vs. EDV - Performance Comparison
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Returns By Period
In the year-to-date period, UTWY achieves a -3.22% return, which is significantly higher than EDV's -6.20% return.
UTWY
- 1D
- -0.65%
- 1M
- -3.22%
- 6M
- -3.26%
- YTD
- -3.22%
- 1Y
- -1.66%
- 3Y*
- -0.41%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.63%
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 | |
| $108.36K | $60.31K | $63.45K |
UTWY vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTWY F/m US Treasury 20 Year Bond ETF | -3.22% | 4.82% | -4.92% | -1.86% |
EDV Vanguard Extended Duration Treasury ETF | -6.20% | 0.65% | -12.78% | -4.48% |
Correlation
The correlation between UTWY and EDV is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.97 |
The correlation between UTWY and EDV has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
UTWY vs. EDV — Risk / Return Rank
UTWY
EDV
UTWY vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m US Treasury 20 Year Bond ETF (UTWY) 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.
| UTWY | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.96 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | -0.33 | +0.28 |
| Martin ratioReturn relative to average drawdown | -0.12 | -0.70 | +0.58 |
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Drawdowns
UTWY vs. EDV - Drawdown Comparison
The maximum UTWY drawdown since its inception was -18.19%, smaller than the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for UTWY and EDV.
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Drawdown Indicators
| UTWY | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.19% | -59.96% | +41.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -13.24% | +6.52% |
Max Drawdown (3Y)Largest decline over 3 years | -11.88% | -22.74% | +10.86% |
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 | -8.47% | -56.96% | +48.49% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -23.70% | +16.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 6.34% | -3.34% |
Volatility
UTWY vs. EDV - Volatility Comparison
The current volatility for F/m US Treasury 20 Year Bond ETF (UTWY) is 2.09%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 3.85%. This indicates that UTWY 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
| UTWY | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 3.85% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 6.01% | 10.24% | -4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.83% | 14.08% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 21.52% | -10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.97% | 19.74% | -8.77% |
UTWY vs. EDV - Expense Ratio Comparison
UTWY has a 0.15% expense ratio, which is higher than EDV's 0.05% 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%.
Dividends
UTWY vs. EDV - Dividend Comparison
UTWY's dividend yield for the trailing twelve months is around 5.27%, 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% |
UTWY F/m US Treasury 20 Year Bond ETF | 4.85% | 4.62% | 4.56% | 2.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, UTWY and EDV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EDV has higher volatility (3.85%) compared to UTWY (2.09%). In terms of maximum drawdown, UTWY dropped -18.19% vs EDV's -59.96%.
On 3-year performance, UTWY leads with -0.41% vs -5.53% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, UTWY has been the lower-risk option at 2.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UTWY has performed better with a -0.41% return vs -5.53%. 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 0.15% for UTWY.
EDV has the higher dividend yield at 5.45%, compared with 4.85% for UTWY.
UTWY tracks Bloomberg US Treasury Bellwether 20 Year Index, while EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. They also come from different issuers: F/m and Vanguard. Their fees differ too: 0.15% for UTWY and 0.05% for EDV.
UTWY currently has the higher Sharpe Ratio (-0.05 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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