EDV vs PZA

Comparison between VANGUARD EXTENDED DURATION TREASURY INDEX FUND ETF SHARES (EDV, ETF) and INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF (PZA, ETF).

5-Year PerformancePZA has outperformed EDV, delivering a return of -0.2% compared to -11.8%

EDV vs PZA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EDV(ETF)	PZA(ETF)
Net Assets	$4.20B	$4.30B
Expense Ratio	0.05%	0.28%
Max Drawdown	65.94%	27.00%
Sharpe Ratio	-0.08	1.17
5Y Beta	0.10	0.05
5Y Dividends CAGR	-14.68%	6.11%

Net Assets

EDV

$4.20B

Winner

PZA

$4.30B

Expense Ratio

Winner

EDV

0.05%

PZA

0.28%

Max Drawdown

EDV

65.94%

Winner

PZA

27.00%

Sharpe Ratio

EDV

-0.08

Winner

PZA

1.17

5Y Beta

EDV

0.10

Winner

PZA

0.05

5Y Dividends CAGR

EDV

-14.68%

Winner

PZA

6.11%

EDV vs PZA - Historical Returns

Returns include dividend reinvestment.

Period	EDV	PZA
1 month	-2.30%	+0.27%
3 months	-3.01%	+1.42%
6 months	-4.50%	+2.00%
1 year	+2.58%	+9.20%
5 years(CAGR)	-11.80%	-0.16%
10 years(CAGR)	-4.07%	+1.76%
Max(CAGR)	+2.63%	+3.24%

EDV

-2.30%

Winner

PZA

+0.27%

EDV

-3.01%

Winner

PZA

+1.42%

EDV

-4.50%

Winner

PZA

+2.00%

EDV

+2.58%

Winner

PZA

+9.20%

5Y(CAGR)

EDV

-11.80%

Winner

PZA

-0.16%

10Y(CAGR)

EDV

-4.07%

Winner

PZA

+1.76%

Max(CAGR)

EDV

+2.63%

Winner

PZA

+3.24%

EDV vs PZA - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	EDV	PZA
2026	-2.25%	+2.44%
2025	+0.65%	+1.38%
2024	-11.90%	+0.81%
2023	-0.67%	+7.75%
2022	-37.20%	-13.00%
2021	-6.39%	+2.26%
2020	+22.12%	+4.91%
2019	+17.73%	+8.48%
2018	-1.95%	+0.07%
2017	+13.13%	+6.78%
2016	+0.12%	+0.62%
2015	-6.57%	+3.65%
2014	+43.90%	+15.05%
2013	-17.96%	-6.96%
2012	+4.50%	+9.84%
2011	+58.84%	+13.58%
2010	+10.90%	-0.41%
2009	-31.11%	+17.92%
2008	+50.57%	-12.12%
2007	+3.23%	+0.75%

EDV vs PZA Drawdown Comparison

The maximum drawdown for EDV was -59.94%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The maximum drawdown for PZA was -24.48%, occurring on Oct 15, 2008. Recovery took 416 trading sessions.

The current EDV drawdown is -55.25%. The current PZA drawdown is -0.87%.

Rank	EDV	PZA
#1	-59.94% Mar 9, 2020 - Oct 19, 2023	-24.48% Jan 17, 2008 - Sep 11, 2009
#2	-41.16% Dec 26, 2008 - Sep 21, 2011	-21.69% Mar 9, 2020 - Dec 7, 2020
#3	-29.70% Jul 24, 2012 - Dec 10, 2014	-18.55% Jul 19, 2021 - Oct 25, 2022
#4	-24.19% Jul 8, 2016 - Aug 1, 2019	-12.46% Nov 30, 2012 - Jul 14, 2014
#5	-23.47% Jan 30, 2015 - Jun 16, 2016	-11.77% May 10, 2010 - Aug 3, 2011
#6	-16.61% Oct 3, 2011 - Dec 19, 2011	-7.07% Jul 8, 2016 - Aug 29, 2017
#7	-15.59% Dec 19, 2011 - May 17, 2012	-4.07% Oct 1, 2009 - Apr 27, 2010
#8	-12.90% Jan 23, 2008 - Mar 20, 2008	-3.43% Feb 2, 2015 - Nov 19, 2015
#9	-12.32% Mar 20, 2008 - Sep 3, 2008	-2.99% Dec 29, 2017 - Jan 2, 2019
#10	-11.41% Aug 28, 2019 - Feb 21, 2020	-2.99% Oct 24, 2007 - Jan 2, 2008
#11	-10.57% Oct 27, 2008 - Nov 20, 2008	-2.80% Feb 10, 2021 - May 28, 2021
#12	-9.87% Sep 17, 2008 - Oct 6, 2008	-2.29% Sep 22, 2011 - Dec 14, 2011
#13	-8.45% Sep 22, 2011 - Oct 3, 2011	-1.72% Sep 3, 2019 - Jan 6, 2020
#14	-6.88% Oct 6, 2008 - Oct 23, 2008	-1.72% Oct 15, 2014 - Dec 12, 2014
#15	-6.24% Jun 1, 2012 - Jul 16, 2012	-1.58% Feb 2, 2012 - Apr 13, 2012

Correlation

Correlation between EDV and PZA is 0.74 which considered as a strong positive correlation - the stocks tend to move together.

0.74

-101

Dividend Comparison (2007 - 2026)

EDV vs PZA dividend yield comparison.

Year	EDV	PZA
2026	2.64%	1.84%
2025	4.94%	3.55%
2024	4.65%	3.22%
2023	3.81%	2.91%
2022	3.28%	2.68%
2021	1.95%	2.34%
2020	5.54%	2.44%
2019	3.51%	2.81%
2018	2.90%	3.19%
2017	2.92%	3.04%
2016	5.32%	3.23%
2015	4.24%	3.59%
2014	3.12%	3.96%
2013	5.03%	4.27%
2012	7.54%	4.11%
2011	5.12%	4.48%
2010	4.67%	4.90%
2009	19.33%	4.68%
2008	2.61%	5.07%
2007	0.36%	0.93%