VBR vs. EDV
VBR (Vanguard Small-Cap Value ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both exchange-traded funds - VBR is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index, 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, VBR returned 10.95%/yr vs -3.55%/yr for EDV. At a correlation of -0.25, they often move in opposite directions. Both charge a 0.05% expense ratio.
Performance
VBR vs. EDV - Performance Comparison
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Returns By Period
In the year-to-date period, VBR achieves a 14.49% return, which is significantly higher than EDV's -0.21% return. Over the past 10 years, VBR has outperformed EDV with an annualized return of 10.95%, while EDV has yielded a comparatively lower -3.55% annualized return.
VBR
- 1D
- -0.09%
- 1M
- 6.08%
- YTD
- 14.49%
- 6M
- 12.98%
- 1Y
- 29.82%
- 3Y*
- 16.12%
- 5Y*
- 8.62%
- 10Y*
- 10.95%
EDV
- 1D
- -0.22%
- 1M
- 4.29%
- YTD
- -0.21%
- 6M
- -0.22%
- 1Y
- 3.14%
- 3Y*
- -5.43%
- 5Y*
- -10.13%
- 10Y*
- -3.55%
VBR vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBR Vanguard Small-Cap Value ETF | 14.49% | 9.09% | 12.40% | 16.00% | -9.38% | 28.08% | 5.90% | 22.78% | -12.28% | 11.81% |
EDV Vanguard Extended Duration Treasury ETF | -0.21% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
Correlation
The correlation between VBR and EDV is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2007 | -0.25 |
The correlation between VBR and EDV shifts across timeframes, from -0.25 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VBR vs. EDV — Risk / Return Rank
VBR
EDV
VBR vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Value ETF (VBR) 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.
| VBR | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.05 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 0.25 | +3.13 |
| Martin ratioReturn relative to average drawdown | 11.97 | 0.57 | +11.41 |
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Drawdowns
VBR vs. EDV - Drawdown Comparison
The maximum VBR drawdown since its inception was -61.98%, roughly equal to the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for VBR and EDV.
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Drawdown Indicators
| VBR | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.98% | -59.96% | -2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -12.54% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -24.19% | -26.99% | +2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -55.03% | +30.84% |
Max Drawdown (10Y)Largest decline over 10 years | -45.28% | -59.96% | +14.68% |
Current DrawdownCurrent decline from peak | -0.09% | -54.22% | +54.13% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -23.48% | +15.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 5.57% | -3.07% |
Volatility
VBR vs. EDV - Volatility Comparison
Vanguard Small-Cap Value ETF (VBR) has a higher volatility of 4.43% compared to Vanguard Extended Duration Treasury ETF (EDV) at 4.21%. This indicates that VBR's price experiences larger fluctuations and is considered to be riskier 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
| VBR | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 4.21% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 9.89% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 14.37% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 21.63% | -1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.75% | 19.82% | +1.93% |
VBR vs. EDV - Expense Ratio Comparison
Both VBR and EDV have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VBR vs. EDV - Dividend Comparison
VBR's dividend yield for the trailing twelve months is around 1.72%, less than EDV's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.96% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
VBR Vanguard Small-Cap Value ETF | 1.72% | 1.95% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Frequently Asked Questions
VBR and EDV have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBR has higher volatility (4.43%) compared to EDV (4.21%). In terms of maximum drawdown, VBR dropped -61.98% vs EDV's -59.96%.
On 10-year performance, VBR leads with 10.95% vs -3.55% for EDV. Both ETFs have the same 0.05% expense ratio. On volatility, EDV has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VBR has performed better with a 10.95% return vs -3.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VBR and EDV have the same expense ratio: 0.05% per year.
EDV has the higher dividend yield at 4.96%, compared with 1.72% for VBR.
VBR is categorized as Small Cap Value Equities, while EDV is Government Bonds. VBR tracks CRSP US Small Cap Value Index, while EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index.
VBR currently has the higher Sharpe Ratio (1.96 vs 0.22), 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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