EDV vs VTBNX
Vanguard Extended Duration Treasury ETF vs Vanguard Total Bond Market II Index Fund Institutional Shares
Quick Verdict
VTBNX has a lower expense ratio. VTBNX delivered stronger 1-year returns. VTBNX offers more diversification with 15,623 holdings.
Side-by-Side Comparison
| Metric | EDV | VTBNX | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.02% | |
| AUM | $3.4B | $207.3B | |
| Dividend Yield | 5.42% | 3.79% | |
| Holdings | 163 | 15,623 | |
| YTD Return | -5.40% | -2.18% | |
| 1Y Return | -3.65% | -1.36% | |
| 3Y Return (annualized) | -3.12% | +0.83% | |
| 5Y Return (annualized) | -12.98% | -3.52% | |
| Volatility (annualized) | 21.8% | 6.3% | |
| Max Drawdown | -62.0% | -21.5% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Fixed Income | |
| Inception | Dec 6, 2007 | Feb 17, 2009 |
EDV vs VTBNX Performance
Vanguard Extended Duration Treasury ETF (EDV) is a ETF from Vanguard (US) and Vanguard Total Bond Market II Index Fund Institutional Shares (VTBNX) is a mutual fund from Vanguard (US). Over the past year EDV returned -3.65% while VTBNX returned -1.36%. Year to date, EDV is down 5.40% versus a loss of 2.18% for VTBNX.
Over three years, EDV compounded at -3.12% per year against +0.83% for VTBNX; over five years the annualized figures are -12.98% and -3.52% respectively. Across the full 5-year window we track, EDV has the edge at -1.47% annualized vs -3.52%. 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 6.3% for VTBNX. 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 -21.5% for VTBNX. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EDV charges 0.05% per year while VTBNX charges 0.02%. On a $10,000 position that is $5 vs $2 annually, a gap of $3 per year that compounds over a long holding period. On income, EDV currently yields 5.42% against 3.79% for VTBNX.
Holdings Overlap
EDV and VTBNX share 0 holdings out of 12804 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 VTBNX?
EDV has an expense ratio of 0.05% while VTBNX charges 0.02%. VTBNX is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, EDV or VTBNX?
Over the past year EDV returned -3.65% vs -1.36% for VTBNX, so VTBNX leads on 1-year performance. Over the longest common window we track (5 years), EDV annualized -1.47% vs -3.52% for VTBNX. Past performance does not guarantee future results.
Which is riskier, EDV or VTBNX?
EDV has been the more volatile fund at 21.8% annualized versus 6.3% for VTBNX. Worst drawdown: EDV -62.0% vs VTBNX -21.5%.
Should I hold both EDV and VTBNX?
EDV and VTBNX have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between EDV and VTBNX?
EDV and VTBNX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 12804 unique securities.
Which pays a higher dividend, EDV or VTBNX?
EDV yields 5.42% while VTBNX yields 3.79%, so EDV currently pays the higher dividend yield.
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