AVGV vs. BIV

Last updated Jun 14, 2026

AVGV (Avantis All Equity Markets Value ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both exchange-traded funds - AVGV is a Global Equities fund actively managed by Avantis, while BIV is a Intermediate Core Bond fund tracking the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. AVGV is actively managed, while BIV is passively managed. Over the past year, AVGV returned 37.65% vs 4.61% for BIV. At a 0.26 correlation, their price movements are largely independent. AVGV charges 0.26%/yr vs 0.03%/yr for BIV.

Performance

AVGV vs. BIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All Equity Markets Value ETF (AVGV) and Vanguard Intermediate-Term Bond Index ETF (BIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGV achieves a 18.26% return, which is significantly higher than BIV's -0.06% return.

AVGV

• 1D: 0.75%
• 1M: 2.45%
• YTD: 18.26%
• 6M: 18.32%
• 1Y: 37.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIV

• 1D: -0.13%
• 1M: 0.26%
• YTD: -0.06%
• 6M: 0.31%
• 1Y: 4.61%
• 3Y*: 4.62%
• 5Y*: 0.16%
• 10Y*: 1.89%

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

AVGV vs. BIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVGV Avantis All Equity Markets Value ETF	18.26%	22.57%	11.26%	11.88%
BIV Vanguard Intermediate-Term Bond Index ETF	-0.06%	8.52%	1.57%	3.01%

Correlation

The correlation between AVGV and BIV is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.26

Return for Risk

AVGV vs. BIV — Risk / Return Rank

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

AVGV

AVGV Risk / Return Rank: 90
AVGV Sharpe Ratio Rank: 91
AVGV Sortino Ratio Rank: 91
AVGV Omega Ratio Rank: 88
AVGV Calmar Ratio Rank: 88
AVGV Martin Ratio Rank: 89

BIV

BIV Risk / Return Rank: 32
BIV Sharpe Ratio Rank: 34
BIV Sortino Ratio Rank: 34
BIV Omega Ratio Rank: 31
BIV Calmar Ratio Rank: 31
BIV Martin Ratio Rank: 31

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.

AVGV vs. BIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All Equity Markets Value ETF (AVGV) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVGV	BIV	Difference
Sharpe ratio: Return per unit of total volatility	2.72	1.07	+1.65
Sortino ratio: Return per unit of downside risk	3.76	1.61	+2.15
Omega ratio: Gain probability vs. loss probability	1.48	1.19	+0.30
Calmar ratio: Return relative to maximum drawdown	4.48	1.36	+3.13
Martin ratio: Return relative to average drawdown	17.45	3.90	+13.55

AVGV vs. BIV - Sharpe Ratio Comparison

The current AVGV Sharpe Ratio is 2.72, which is higher than the BIV Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of AVGV and BIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVGV vs. BIV - Drawdown Comparison

The maximum AVGV drawdown since its inception was -17.03%, smaller than the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for AVGV and BIV.

Drawdown Indicators

	AVGV	BIV	Difference
Max Drawdown Largest peak-to-trough decline	-17.03%	-18.95%	+1.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-3.18%	-4.94%
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 Drawdown Current decline from peak	0.00%	-1.86%	+1.86%
Average Drawdown Average peak-to-trough decline	-2.28%	-3.39%	+1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	1.10%	+0.98%

Volatility

AVGV vs. BIV - Volatility Comparison

Avantis All Equity Markets Value ETF (AVGV) has a higher volatility of 4.55% compared to Vanguard Intermediate-Term Bond Index ETF (BIV) at 1.45%. This indicates that AVGV's price experiences larger fluctuations and is considered to be riskier than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGV	BIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	1.45%	+3.10%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	2.98%	+7.37%
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	4.03%	+9.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	6.41%	+8.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.04%	5.51%	+9.53%

AVGV vs. BIV - Expense Ratio Comparison

AVGV has a 0.26% 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

AVGV vs. BIV - Dividend Comparison

AVGV's dividend yield for the trailing twelve months is around 2.45%, less than BIV's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGV Avantis All Equity Markets Value ETF	2.45%	1.98%	2.32%	1.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BIV Vanguard Intermediate-Term Bond Index ETF	4.21%	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

Can I hold both AVGV and BIV in my portfolio?

AVGV and BIV have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVGV or BIV?

AVGV has higher volatility (4.55%) compared to BIV (1.45%). In terms of maximum drawdown, AVGV dropped -17.03% vs BIV's -18.95%.

Which ETF is better, AVGV or BIV?

On 1-year performance, AVGV leads with 37.65% vs 4.61% for BIV. On fees, BIV is cheaper at 0.03% per year. On volatility, BIV has been the lower-risk option at 1.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGV or BIV?

Over the 1-year period, AVGV has performed better with a 37.65% return vs 4.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGV or BIV?

BIV is cheaper with a 0.03% expense ratio, compared with 0.26% for AVGV.

Which ETF pays a higher dividend yield, AVGV or BIV?

BIV has the higher dividend yield at 4.21%, compared with 2.45% for AVGV.

What is the main difference between AVGV and BIV?

AVGV is categorized as Global Equities, while BIV is Intermediate Core Bond. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.26% for AVGV and 0.03% for BIV.

Which has better risk-adjusted returns?

AVGV currently has the higher Sharpe Ratio (2.72 vs 1.07), 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.