EDV vs SPDW

Quick Verdict

SPDW has a lower expense ratio. SPDW delivered stronger 1-year returns. SPDW offers more diversification with 2348 holdings.

Lower Fees: SPDWHigher Returns: SPDWMore Diversified: SPDW

Side-by-Side Comparison

MetricEDVSPDWWinner
Expense Ratio0.05%0.03%
AUM$3.5B$40.0B
Dividend Yield4.83%3.02%
Holdings832,440
YTD Return-4.55%+16.58%
1Y Return-4.35%+30.06%
3Y Return (annualized)-4.75%+19.68%
5Y Return (annualized)-12.33%+9.87%
Volatility (annualized)21.8%17.6%
Max Drawdown-62.0%-62.2%
Fund FamilyVanguard (US)SPDR State Street Global Advisors
CategoryFixed IncomeEquity
InceptionDec 6, 2007Apr 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 -4.35% while SPDW returned +30.06%. Year to date, EDV is down 4.55% versus a gain of 16.58% for SPDW.

Over three years, EDV compounded at -4.75% per year against +19.68% for SPDW; over five years the annualized figures are -12.33% and +9.87% respectively. Across the full 19-year window we track, SPDW has the edge at +3.17% annualized vs -1.42%. 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 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 4.83% against 3.02% for SPDW.

Holdings Overlap

0.0%overlap

EDV and SPDW share 0 holdings out of 2424 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 -4.35% vs +30.06% for SPDW, so SPDW leads on 1-year performance. Over the longest common window we track (19 years), EDV annualized -1.42% 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 21.8% 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 2424 unique securities.

Which pays a higher dividend, EDV or SPDW?

EDV yields 4.83% while SPDW yields 3.02%, so EDV currently pays the higher dividend yield.

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