AVGB vs. BGRN

Last updated Apr 2, 2026

Compare and contrast key facts about Avantis Credit ETF (AVGB) and iShares USD Green Bond ETF (BGRN).

AVGB and BGRN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVGB is an actively managed fund by Avantis. It was launched on Apr 15, 2025. BGRN is a passively managed fund by iShares that tracks the performance of the Bloomberg MSCI USD Green Bond Select Index. It was launched on Nov 13, 2018.

Performance

AVGB vs. BGRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Credit ETF (AVGB) and iShares USD Green Bond ETF (BGRN). The values are adjusted to include any dividend payments, if applicable.

AVGB vs. BGRN - Yearly Performance Comparison

	2026 (YTD)	2025
AVGB Avantis Credit ETF	-0.10%	4.89%
BGRN iShares USD Green Bond ETF	-0.35%	5.75%

Returns By Period

In the year-to-date period, AVGB achieves a -0.10% return, which is significantly higher than BGRN's -0.35% return.

AVGB

• 1D: 0.21%
• 1M: -1.00%
• YTD: -0.10%
• 6M: 0.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BGRN

• 1D: -0.08%
• 1M: -1.27%
• YTD: -0.35%
• 6M: 0.46%
• 1Y: 4.44%
• 3Y*: 4.34%
• 5Y*: 0.29%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVGB vs. BGRN - Expense Ratio Comparison

AVGB has a 0.19% expense ratio, which is lower than BGRN's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

BGRN

iShares USD Green Bond ETF

AVGB

Avantis Credit ETF

Return for Risk

AVGB vs. BGRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGRN

BGRN Risk / Return Rank: 67
BGRN Sharpe Ratio Rank: 69
BGRN Sortino Ratio Rank: 69
BGRN Omega Ratio Rank: 61
BGRN Calmar Ratio Rank: 72
BGRN Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVGB vs. BGRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Credit ETF (AVGB) and iShares USD Green Bond ETF (BGRN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AVGB	BGRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.26	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.14	0.44	+1.71

Correlation

The correlation between AVGB and BGRN is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AVGB vs. BGRN - Dividend Comparison

AVGB's dividend yield for the trailing twelve months is around 3.49%, less than BGRN's 4.27% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AVGB Avantis Credit ETF	3.49%	3.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BGRN iShares USD Green Bond ETF	4.27%	4.21%	4.07%	3.52%	2.66%	0.78%	1.82%	3.66%	0.21%

Drawdowns

AVGB vs. BGRN - Drawdown Comparison

The maximum AVGB drawdown since its inception was -2.12%, smaller than the maximum BGRN drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for AVGB and BGRN.

Drawdown Indicators

	AVGB	BGRN	Difference
Max Drawdown Largest peak-to-trough decline	-2.12%	-19.16%	+17.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.73%	—
Current Drawdown Current decline from peak	-1.29%	-1.61%	+0.32%
Average Drawdown Average peak-to-trough decline	-0.25%	-5.90%	+5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.65%	—

Volatility

Volatility by Period

	AVGB	BGRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.36%	3.53%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.36%	5.46%	-3.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.36%	5.03%	-2.67%