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EDV vs UTWY

Vanguard Extended Duration Treasury ETF

EDVANYSE Arca

US Treasury 20 Year Bond ETF

UTWYBNasdaq

Overlap

No data

Expense ratio

EDV −0.10pt a year

EDV0.05%UTWY0.15%

Avg volume · 30D

EDV 485.5×the volume

EDV1.64MUTWY3.37K

3Y return · a year

UTWY +2.3pt

EDV+0.3%UTWY+2.6%

EDV vs UTWY Performance

Oct 31, 2025 – Nov 2, 2026

−9.3%EDV−3.7%UTWY

Oct 31, 2025 to Nov 2, 2026. EDV −9.3%. UTWY −3.7%. Use the arrow keys to read each point.−15%0%Oct 2025May 2026Nov 2026
Expense ratio
EDV 0.05%, better
UTWY 0.15%
Fund size
EDV $4B
UTWY $12M
1Y total return
EDV −9.3%
UTWY −3.7%, better
Yield (12M)
EDV 5.36%, better
UTWY 5.30%
Holdings
EDV 83
UTWY 2
Avg volume (30D)
EDV 1.64M sh, better
UTWY 3.37K sh
NAV per share
EDV $59.22
UTWY $40.71
52W range

ETF.net Grade

EDV: Cost 78, Risk 35, Mission 96, Tradability 48, Holdings 78, Durability 86. UTWY: Cost 37, Risk 69, Mission 100, Tradability 53, Holdings 53, Durability 20.
Pillar letters and Scores for EDV, UTWY, with each pillar’s weight
PillarEDVUTWY
Cost30% weightA78HigherD37
Mission25% weightA96A100Higher
Risk15% weightD35B69Higher
Tradability15% weightC48C53Higher
Holdings10% weightA78HigherC53
Durability5% weightA86HigherF20

Rank among Treasuries (20+ Year) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EDV and UTWY are both graded against the same 11 Treasuries (20+ Year) funds, so their Grades compare head to head.

Treasuries (20+ Year)⁠

Category · 11 funds
See all 11 ›

EDV ranks 3rd and UTWY 7th of 11 funds in the Treasuries (20+ Year) Category.

  1. Rank 1AVGLTVanguard Long-Term Treasury ETFScore 84
  2. Rank 2ABBLBJPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETFScore 73
  3. Rank 3AEDVVanguard Extended Duration Treasury ETFScore 71
  4. Rank 4BTLTiShares 20+ Year Treasury Bond ETFScore 69
  5. Rank 5BXTWYBondBloxx Bloomberg Twenty Year Target Duration US Treasury ETFScore 63
  6. Rank 7BUTWYUS Treasury 20 Year Bond ETFScore 60
  7. Rank 8BUTHYUS Treasury 30 Year Bond ETFScore 59

Our read on each fund

ETF.net Research

EDVAVanguard Extended Duration Treasury ETF

UTWYBUS Treasury 20 Year Bond ETF

In short

EDV Zero-coupon Treasury STRIPS maturing in 20 to 30 years: the most rate-sensitive corner of the government bond market, in a five-basis-point Vanguard wrapper. Pure duration, nothing else.

UTWY Most long-Treasury funds blend dozens of bonds into one duration smoothie. UTWY aims at a single spot on the curve, tracking the ICE BofA Current 20-Year US Treasury Index, and pays monthly.

Stated mandate

EDV The fund passively tracks an index of extended-duration, zero-coupon U.S. Treasury securities, specifically Treasury STRIPS with maturities from 20 to 30 years.

UTWY The fund seeks, before fees and expenses, to generally match the price and yield performance of the ICE BofA Current 20-Year US Treasury Index.

Why people hold it

  • EDV At 0.05%, it undercuts the typical long-Treasury ETF (cohort median 0.15%) and charges a third of what TLT does.
  • STRIPS have their coupons removed, so the roughly 80 holdings are pure principal claims dated 20 to 30 years out. Rate sensitivity runs beyond standard 20+ year Treasury funds.vanguard.com
  • Vanguard has run it since 2007, it tracks its Bloomberg STRIPS index closely, and it sits among the top-rated names in its long-Treasury peer group.
  • UTWY Targets one point on the yield curve, the current 20-year Treasury, instead of averaging everything past 20 years into a blended maturity.
  • Tracking is one of the tighter jobs in the long-Treasury group: the fund has stayed very close to its stated index.
  • Costs 0.15% a year, matching the median for long-Treasury ETFs and the same fee as TLT, the category's best-known name.
  • Distributions land monthly rather than quarterly, a cadence income-focused bond holders tend to prefer.

Worth knowing

  • EDV Vanguard's own fact sheet warns that interest rate risk is expected to be extremely high and that rising rates may cause the fund's value to decline significantly.vanguard.com
  • Vanguard describes the fund as primarily intended for pension plans and other institutions matching long-term liabilities.vanguard.com
  • The STRIPS pay no coupons. Income accrues as the discount pulls toward par, and the fund passes that along to shareholders.vanguard.com
  • UTWY Cheaper long-Treasury options exist: VGLT charges 0.03%, BBLB 0.04% and EDV 0.05%, against UTWY's 0.15%.
  • Small and thinly traded next to the category's giants, so bid-ask spreads can add cost beyond the headline fee.
  • Launched in 2023, so the track record is short, and 20-year paper moves sharply when long rates move.

Full EDV profile⁠

Full UTWY profile⁠

EDV vs UTWY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EDV vs UTWY Cost

Overpaying UTWY vs EDV

$2,077

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EDV 0.05%

    $1,060

  • UTWY 0.15%

    $3,137

$10,000
30 years

Cost over time

  • EDV 0.05%
  • UTWY 0.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530UTWY $3,137EDV $1,060

Year by year

YearEDVUTWYOverpaying
10$92$274$182
20$360$1,071$711
30$1,060$3,137$2,077

Expense ratio

  • 0.05%EDV, cheaper
  • 0.15%UTWY
  • Middle half of Treasuries (20+ Year) funds
  • Median 0.15%

EDV 3rd cheapest of 11 funds

UTWY 6th cheapest of 11 funds

EDV vs UTWY Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
EDV 5.36%, better
UTWY 5.30%
Payout (12M)
EDV $3.19
UTWY $2.16
Last payment
EDV $0.75
UTWY $0.17
Ex-dividend
EDV Oct 1, 2026
UTWY Oct 27, 2026
Paid on
EDV Oct 5, 2026
UTWY Oct 28, 2026
Frequency
EDV Quarterly
UTWY Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

EDVQuarterly · 15 paymentsAll EDV payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. Apr 3, 2023 $0.67; Jul 3, 2023 $0.73; Oct 2, 2023 $0.74; Dec 22, 2023 $0.74; Apr 1, 2024 $0.77; Jul 1, 2024 $0.78; Oct 1, 2024 $0.77; Dec 24, 2024 $0.84; Apr 1, 2025 $0.79; Jul 1, 2025 $0.81; Oct 1, 2025 $0.80; Dec 18, 2025 $0.81; Apr 1, 2026 $0.76; Jul 1, 2026 $0.87; Oct 1, 2026 $0.75. Use the arrow keys to read each point.$0$120232026YTD
UTWYMonthly · 43 paymentsAll UTWY payments⁠
One bar per payment. 43 payments from 2023 to 2026 YTD. May 1, 2023 $0.16; Jun 1, 2023 $0.15; Jul 3, 2023 $0.15; Aug 1, 2023 $0.15; Sep 1, 2023 $0.15; Oct 2, 2023 $0.16; Nov 1, 2023 $0.15; Dec 1, 2023 $0.16; Dec 27, 2023 $0.18; Feb 1, 2024 $0.18; Mar 1, 2024 $0.18; Apr 1, 2024 $0.17; May 1, 2024 $0.16; Jun 3, 2024 $0.16; Jul 1, 2024 $0.17; Aug 1, 2024 $0.17; Sep 3, 2024 $0.18; Oct 1, 2024 $0.16; Nov 1, 2024 $0.15; Dec 2, 2024 $0.15; Dec 30, 2024 $0.16; Feb 3, 2025 $0.16; Mar 3, 2025 $0.17; Apr 1, 2025 $0.17; May 1, 2025 $0.17; Jun 2, 2025 $0.16; Jul 1, 2025 $0.17; Aug 1, 2025 $0.17; Sep 2, 2025 $0.17; Oct 1, 2025 $0.16; Nov 3, 2025 $0.17; Dec 2, 2025 $0.17; Dec 30, 2025 $0.16; Jan 29, 2026 $0.17; Feb 26, 2026 $0.17; Mar 30, 2026 $0.16; Apr 28, 2026 $0.16; May 28, 2026 $0.16; Jun 29, 2026 $0.17; Jul 28, 2026 $0.17; Aug 27, 2026 $0.17; Sep 28, 2026 $0.16; Oct 27, 2026 $0.17. Use the arrow keys to read each point.$0$120232026YTD

EDV vs UTWY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EDV 19.4%UTWY 10.9%, better
Return per unit of riskSharpe ratio, 3 years
EDV −0.02, betterUTWY −0.03
Worst fallMax drawdown, 5 years
EDV −55.5%UTWY −18.2%since Mar 2023
Market sensitivityBeta, 5 years
EDV 3.44UTWY 1.94

EDV and UTWY in the news

All news⁠

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