EDV observed max drawdown: 59.1%
Vanguard Extended Duration Treasury ETF. From its 2020-07-31 peak, EDV fell 59.1% to the 2023-10-31 trough and has not yet made a new high. Computed from 225 months of observed fund history. Fund inception boundary (first available fund observation): 2007-12-13; the monthly analysis runs from 2007-12-31 through 2026-08-31.
Before 2007-12-13, the extended history is simulated. Observed fund drawdowns come first; simulation assumptions and results are separated below.
What is EDV's observed maximum drawdown?
EDV's observed maximum drawdown was 59.1%, from a peak in 2020-07-31 to a trough in 2023-10-31, based on monthly closes from fund prices first observed on 2007-12-13. The sample contains 225 monthly observations through 2026-08-31. Monthly closes can miss deeper daily losses.
| Measure | Value |
|---|---|
| Maximum drawdown | -59.1% |
| Peak | 2020-07-31 |
| Trough | 2023-10-31 |
| Recovered | Not yet recovered |
| Monthly observations | 225 |
Last verified
What is EDV's observed maximum drawdown?
EDV's observed maximum drawdown was 59.1%, from a peak in 2020-07-31 to a trough in 2023-10-31, based on monthly closes from fund prices first observed on 2007-12-13.
How long did EDV take to recover from its worst drawdown?
EDV has not yet recovered from its worst observed drawdown, which began at the 2020-07-31 peak.
What was EDV's worst 12-month return?
EDV's worst observed rolling 12-month return was -42.6%, in the 12 months ending 2022-10-31.
EDV observed fund drawdown statistics
2020-07-31 peak to 2023-10-31 trough.
Still below the prior peak.
Share of all months spent below a prior high.
Rolling year ending 2022-10-31.
The biggest EDV drawdowns in observed fund history
| Depth | Peak | Trough | Recovered | Peak to trough | Total underwater |
|---|---|---|---|---|---|
| -59.1% | 2020-07-31 | 2023-10-31 | not yet | 39 mo | 6.1 years |
| -37.1% | 2008-12-31 | 2010-03-31 | 2011-09-30 | 15 mo | 2.8 years |
| -26.8% | 2012-07-31 | 2013-12-31 | 2014-11-30 | 17 mo | 2.3 years |
| -21.2% | 2015-01-31 | 2015-06-30 | 2016-06-30 | 5 mo | 17 months |
| -20.6% | 2016-07-31 | 2018-10-31 | 2019-08-31 | 27 mo | 3.1 years |
Methodology: observed EDV fund prices only, first available from 2007-12-13. Monthly closing-price statistics cover 2007-12-31 through 2026-08-31; no proxy or pre-inception simulation is included in this table. Educational information, not investment advice.
Before 2007-12-13: simulated from the underlying index with assumptions
This separate series combines observed prices with a modeled pre-inception extension from 1970-01-31 through 2026-09-30. The 2026-09-30 endpoint is the legacy current partial-month bucket/month-end label, not evidence that EDV was observed through that future date. It is not observed EDV performance. The API's observed boundary is 2007-12-13; observed monthly statistics run from 2007-12-31 through 2026-08-31.
- Rebalancing convention: monthly rebalance at month-end close; drawdown statistics use monthly closing prices.
- Proxy source for EDV: TLT (proxy_etf), from 1920-01-31 to 2007-12-12.
- Proxy source for TLT: VUSTX (proxy_etf), from 1986-05-19 to 2002-07-25.
- Proxy source for TLT: us_30yr (static_monthly), from 1920-01-31 to 1986-05-16.
- Proxy source for SPY: VFINX (proxy_etf), from 1976-08-31 to 1993-01-28.
- Proxy source for SPY: spy_tr (static_monthly), from 1900-01-31 to 1976-08-30.
Modeled extended statistics
2020-07-31 peak to 2023-10-31 trough.
Still below the prior peak.
Share of all months spent below a prior high.
Rolling year ending 2022-10-31.
For context, SPY (the S&P 500 baseline) had a maximum drawdown of 50.8% over the same kind of monthly-close analysis.
Modeled extended drawdowns
| Depth | Peak | Trough | Recovered | Peak to trough | Total underwater |
|---|---|---|---|---|---|
| -59.1% | 2020-07-31 | 2023-10-31 | not yet | 39 mo | 6.2 years |
| -37.1% | 2008-12-31 | 2010-03-31 | 2011-09-30 | 15 mo | 2.8 years |
| -32.8% | 1979-06-30 | 1981-09-30 | 1982-08-31 | 27 mo | 3.2 years |
| -32.6% | 1972-12-31 | 1974-09-30 | 1976-10-31 | 21 mo | 3.8 years |
| -26.8% | 2012-07-31 | 2013-12-31 | 2014-11-30 | 17 mo | 2.3 years |
Monthly closing prices, peak-to-trough on total return where available. The pre-inception segment is a reconstruction, not a live fund record, and actual tracking, financing, taxes, spreads, and volatility drag can differ.
Drawdowns are the reason tactical strategies exist
Buy-and-hold EDV means living through every number on this page. BestFolio tracks published TAA strategies whose whole job is cutting these drawdowns, with out-of-sample track records.