EDV vs RSP
Vanguard Extended Duration Treasury ETF vs Invesco S&P 500 Equal Weight ETF
Quick Verdict
EDV has a lower expense ratio. RSP delivered stronger 1-year returns. RSP offers more diversification with 511 holdings.
Side-by-Side Comparison
| Metric | EDV | RSP | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.20% | |
| AUM | $3.4B | $100.1B | |
| Dividend Yield | 5.42% | 1.49% | |
| Holdings | 163 | 511 | |
| YTD Return | -5.40% | +15.15% | |
| 1Y Return | -3.65% | +20.06% | |
| 3Y Return (annualized) | -3.12% | +16.13% | |
| 5Y Return (annualized) | -12.98% | +9.24% | |
| Volatility (annualized) | 21.8% | 16.5% | |
| Max Drawdown | -62.0% | -60.9% | |
| Fund Family | Vanguard (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 6, 2007 | Apr 24, 2003 |
EDV vs RSP Performance
Vanguard Extended Duration Treasury ETF (EDV) is a ETF from Vanguard (US) and Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US). Over the past year EDV returned -3.65% while RSP returned +20.06%. Year to date, EDV is down 5.40% versus a gain of 15.15% for RSP.
Over three years, EDV compounded at -3.12% per year against +16.13% for RSP; over five years the annualized figures are -12.98% and +9.24% respectively. Across the full 19-year window we track, RSP has the edge at +10.09% annualized vs -1.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EDV has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 16.5% for RSP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -62.0% for EDV and -60.9% for RSP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.14. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EDV charges 0.05% per year while RSP charges 0.20%. On a $10,000 position that is $5 vs $20 annually, a gap of $15 per year that compounds over a long holding period. On income, EDV currently yields 5.42% against 1.49% for RSP.
Holdings Overlap
EDV and RSP share 0 holdings out of 509 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EDV or RSP?
EDV has an expense ratio of 0.05% while RSP charges 0.20%. EDV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, EDV or RSP?
Over the past year EDV returned -3.65% vs +20.06% for RSP, so RSP leads on 1-year performance. Over the longest common window we track (19 years), EDV annualized -1.47% vs +10.09% for RSP. Past performance does not guarantee future results.
Which is riskier, EDV or RSP?
EDV has been the more volatile fund at 21.8% annualized versus 16.5% for RSP. Worst drawdown: EDV -62.0% vs RSP -60.9%.
Should I hold both EDV and RSP?
EDV and RSP have a monthly-return correlation of -0.14, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EDV and RSP?
EDV and RSP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, EDV or RSP?
EDV yields 5.42% while RSP yields 1.49%, so EDV currently pays the higher dividend yield.
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