EDV vs VOE
Vanguard Extended Duration Treasury ETF vs Vanguard Morningstar Mid-Cap Value ETF
Quick Verdict
VOE delivered stronger 1-year returns. VOE offers more diversification with 176 holdings.
Side-by-Side Comparison
| Metric | EDV | VOE | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.05% | |
| AUM | $3.4B | $23.9B | |
| Dividend Yield | 5.42% | 1.81% | |
| Holdings | 163 | 176 | |
| YTD Return | -4.05% | +17.24% | |
| 1Y Return | -2.50% | +22.74% | |
| 3Y Return (annualized) | -4.48% | +17.10% | |
| 5Y Return (annualized) | -12.62% | +9.86% | |
| Volatility (annualized) | 21.9% | 17.6% | |
| Max Drawdown | -62.0% | -63.4% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 6, 2007 | Aug 17, 2006 |
EDV vs VOE Performance
Vanguard Extended Duration Treasury ETF (EDV) is a ETF from Vanguard (US) and Vanguard Morningstar Mid-Cap Value ETF (VOE) is a ETF from Vanguard (US). Over the past year EDV returned -2.50% while VOE returned +22.74%. Year to date, EDV is down 4.05% versus a gain of 17.24% for VOE.
Over three years, EDV compounded at -4.48% per year against +17.10% for VOE; over five years the annualized figures are -12.62% and +9.86% respectively. Across the full 19-year window we track, VOE has the edge at +7.94% 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 VOE. 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 -63.4% for VOE. 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 -0.13. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EDV charges 0.05% per year while VOE charges 0.05%. On a $10,000 position that is $5 vs $5 annually. On income, EDV currently yields 5.42% against 1.81% for VOE.
Holdings Overlap
EDV and VOE share 0 holdings out of 245 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 VOE?
EDV has an expense ratio of 0.05% while VOE charges 0.05%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, EDV or VOE?
Over the past year EDV returned -2.50% vs +22.74% for VOE, so VOE leads on 1-year performance. Over the longest common window we track (19 years), EDV annualized -1.39% vs +7.94% for VOE. Past performance does not guarantee future results.
Which is riskier, EDV or VOE?
EDV has been the more volatile fund at 21.9% annualized versus 17.6% for VOE. Worst drawdown: EDV -62.0% vs VOE -63.4%.
Should I hold both EDV and VOE?
EDV and VOE have a monthly-return correlation of -0.13, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EDV and VOE?
EDV and VOE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 245 unique securities.
Which pays a higher dividend, EDV or VOE?
EDV yields 5.42% while VOE yields 1.81%, so EDV currently pays the higher dividend yield.
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