AFIX vs. BIV
AFIX (Allspring Broad Market Core Bond ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both Intermediate Core Bond funds. AFIX is actively managed, while BIV is passively managed. Over the past year, AFIX returned 5.65% vs 4.80% for BIV. With a 0.97 correlation, they move nearly in lockstep. AFIX charges 0.20%/yr vs 0.03%/yr for BIV.
Performance
AFIX vs. BIV - Performance Comparison
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Returns By Period
In the year-to-date period, AFIX achieves a 0.31% return, which is significantly higher than BIV's -0.24% return.
AFIX
- 1D
- -0.22%
- 1M
- 0.23%
- YTD
- 0.31%
- 6M
- 0.22%
- 1Y
- 5.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIV
- 1D
- -0.22%
- 1M
- 0.04%
- YTD
- -0.24%
- 6M
- -0.48%
- 1Y
- 4.80%
- 3Y*
- 4.27%
- 5Y*
- 0.25%
- 10Y*
- 1.91%
AFIX vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AFIX Allspring Broad Market Core Bond ETF | 0.31% | 7.52% | -1.67% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.24% | 8.52% | -1.80% |
Correlation
The correlation between AFIX and BIV is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2024 | 0.97 |
The correlation between AFIX and BIV has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
AFIX vs. BIV — Risk / Return Rank
AFIX
BIV
AFIX vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Broad Market Core Bond ETF (AFIX) and Vanguard Intermediate-Term Bond Index ETF (BIV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AFIX | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.52 | +0.31 |
| Martin ratioReturn relative to average drawdown | 5.67 | 4.60 | +1.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AFIX | BIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.19 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.65 | +0.25 |
Drawdowns
AFIX vs. BIV - Drawdown Comparison
The maximum AFIX drawdown since its inception was -3.33%, smaller than the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for AFIX and BIV.
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Drawdown Indicators
| AFIX | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.33% | -18.95% | +15.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -3.18% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.95% | — |
Current DrawdownCurrent decline from peak | -1.88% | -2.04% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -3.39% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.05% | -0.05% |
Volatility
AFIX vs. BIV - Volatility Comparison
Allspring Broad Market Core Bond ETF (AFIX) and Vanguard Intermediate-Term Bond Index ETF (BIV) have volatilities of 1.42% and 1.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFIX | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.36% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.90% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 4.06% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 6.40% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 5.50% | -0.95% |
AFIX vs. BIV - Expense Ratio Comparison
AFIX has a 0.20% expense ratio, which is higher than BIV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AFIX vs. BIV - Dividend Comparison
AFIX's dividend yield for the trailing twelve months is around 5.02%, more than BIV's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFIX Allspring Broad Market Core Bond ETF | 5.02% | 4.94% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIV Vanguard Intermediate-Term Bond Index ETF | 4.22% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
Frequently Asked Questions
With a correlation of 0.97, AFIX and BIV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AFIX has higher volatility (1.42%) compared to BIV (1.36%). In terms of maximum drawdown, AFIX dropped -3.33% vs BIV's -18.95%.
On 1-year performance, AFIX leads with 5.65% vs 4.80% for BIV. On fees, BIV is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AFIX has performed better with a 5.65% return vs 4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIV is cheaper with a 0.03% expense ratio, compared with 0.20% for AFIX.
AFIX has the higher dividend yield at 5.02%, compared with 4.22% for BIV.
They also come from different issuers: Allspring and Vanguard. Their fees differ too: 0.20% for AFIX and 0.03% for BIV.
AFIX currently has the higher Sharpe Ratio (1.43 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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