EDV vs VTCIX
Vanguard Extended Duration Treasury ETF vs Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares
Quick Verdict
VTCIX has a lower expense ratio. VTCIX delivered stronger 1-year returns. VTCIX offers more diversification with 825 holdings.
Side-by-Side Comparison
| Metric | EDV | VTCIX | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.03% | |
| AUM | $3.5B | $5.2B | |
| Dividend Yield | 4.83% | 1.08% | |
| Holdings | 83 | 836 | |
| YTD Return | -5.07% | +13.07% | |
| 1Y Return | -4.71% | +20.36% | |
| 3Y Return (annualized) | -4.36% | +19.81% | |
| 5Y Return (annualized) | -12.61% | +11.22% | |
| Volatility (annualized) | 21.8% | 16.1% | |
| Max Drawdown | -62.0% | -26.0% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 6, 2007 | Feb 24, 1999 |
EDV vs VTCIX Performance
Vanguard Extended Duration Treasury ETF (EDV) is a ETF from Vanguard (US) and Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is a mutual fund from Vanguard (US). Over the past year EDV returned -4.71% while VTCIX returned +20.36%. Year to date, EDV is down 5.07% versus a gain of 13.07% for VTCIX.
Over three years, EDV compounded at -4.36% per year against +19.81% for VTCIX; over five years the annualized figures are -12.61% and +11.22% respectively. Across the full 5-year window we track, VTCIX has the edge at +11.22% annualized vs -1.45%. 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 16.1% for VTCIX. 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 -26.0% for VTCIX. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EDV charges 0.05% per year while VTCIX 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 1.08% for VTCIX.
Holdings Overlap
EDV and VTCIX share 0 holdings out of 901 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 VTCIX?
EDV has an expense ratio of 0.05% while VTCIX charges 0.03%. VTCIX is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, EDV or VTCIX?
Over the past year EDV returned -4.71% vs +20.36% for VTCIX, so VTCIX leads on 1-year performance. Over the longest common window we track (5 years), EDV annualized -1.45% vs +11.22% for VTCIX. Past performance does not guarantee future results.
Which is riskier, EDV or VTCIX?
EDV has been the more volatile fund at 21.8% annualized versus 16.1% for VTCIX. Worst drawdown: EDV -62.0% vs VTCIX -26.0%.
Should I hold both EDV and VTCIX?
EDV and VTCIX have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EDV and VTCIX?
EDV and VTCIX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 901 unique securities.
Which pays a higher dividend, EDV or VTCIX?
EDV yields 4.83% while VTCIX yields 1.08%, so EDV currently pays the higher dividend yield.
Popular Fund Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.