EDV vs SPDW
Vanguard Extended Duration Treasury ETF vs State Street SPDR Portfolio Developed World ex-US ETF
Quick Verdict
SPDW has a lower expense ratio. SPDW delivered stronger 1-year returns. SPDW offers more diversification with 2,440 holdings.
Side-by-Side Comparison
| Metric | EDV | SPDW | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.03% | |
| AUM | $3.4B | $42.0B | |
| Dividend Yield | 5.42% | 3.02% | |
| Holdings | 163 | 2,440 | |
| YTD Return | -4.05% | +16.99% | |
| 1Y Return | -2.50% | +27.65% | |
| 3Y Return (annualized) | -4.48% | +20.07% | |
| 5Y Return (annualized) | -12.62% | +9.84% | |
| Volatility (annualized) | 21.9% | 17.6% | |
| Max Drawdown | -62.0% | -62.2% | |
| Fund Family | Vanguard (US) | SPDR State Street Global Advisors | |
| Category | Fixed Income | Equity | |
| Inception | Dec 6, 2007 | Apr 20, 2007 |
EDV vs SPDW Performance
Vanguard Extended Duration Treasury ETF (EDV) is a ETF from Vanguard (US) and State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is a ETF from SPDR State Street Global Advisors. Over the past year EDV returned -2.50% while SPDW returned +27.65%. Year to date, EDV is down 4.05% versus a gain of 16.99% for SPDW.
Over three years, EDV compounded at -4.48% per year against +20.07% for SPDW; over five years the annualized figures are -12.62% and +9.84% respectively. Across the full 19-year window we track, SPDW has the edge at +3.17% annualized vs -1.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EDV has been the more volatile fund, with annualized monthly volatility of 21.9% compared with 17.6% for SPDW. 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 -62.2% for SPDW. 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 -0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EDV charges 0.05% per year while SPDW charges 0.03%. On a $10,000 position that is $5 vs $3 annually, a gap of $2 per year that compounds over a long holding period. On income, EDV currently yields 5.42% against 3.02% for SPDW.
Holdings Overlap
EDV and SPDW share 0 holdings out of 2422 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 SPDW?
EDV has an expense ratio of 0.05% while SPDW charges 0.03%. SPDW is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, EDV or SPDW?
Over the past year EDV returned -2.50% vs +27.65% for SPDW, so SPDW leads on 1-year performance. Over the longest common window we track (19 years), EDV annualized -1.39% vs +3.17% for SPDW. Past performance does not guarantee future results.
Which is riskier, EDV or SPDW?
EDV has been the more volatile fund at 21.9% annualized versus 17.6% for SPDW. Worst drawdown: EDV -62.0% vs SPDW -62.2%.
Should I hold both EDV and SPDW?
EDV and SPDW have a monthly-return correlation of -0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EDV and SPDW?
EDV and SPDW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2422 unique securities.
Which pays a higher dividend, EDV or SPDW?
EDV yields 5.42% while SPDW yields 3.02%, so EDV currently pays the higher dividend yield.
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