Three Treasury bond ETFs, TLT, EDV and VGLT, hold the same long-dated U.S. Treasuries with government backing, yet their five-year price losses differ sharply: EDV fell 48.45%, TLT 33.99% and VGLT 29.84%. The article attributes the gap to duration, a measure of how much a bond fund's price moves when rates change; TLT's effective duration was 14.85 years as of October 15, 2026. EDV rallied 4.25% in the week through October 16, the biggest gain of the three. Expense ratios are 0.15% for TLT, 0.05% for EDV and 0.03% for VGLT, and TLT's 30-day SEC yield was 5.41%. The author argues that long Treasuries are the wrong tool for stability, since rate-driven price swings can outweigh their income, especially for investors near retirement.
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