AVIE vs. VBIL

Last updated Jun 23, 2026

AVIE (Avantis Inflation Focused Equity ETF) and VBIL (Vanguard 0-3 Month Treasury Bill ETF) are both exchange-traded funds - AVIE is a Large Cap Blend Equities fund actively managed by Avantis, while VBIL is a Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index. AVIE is actively managed, while VBIL is passively managed. Over the past year, AVIE returned 21.85% vs 3.91% for VBIL. At a correlation of -0.03, they often move in opposite directions. AVIE charges 0.25%/yr vs 0.07%/yr for VBIL.

Performance

AVIE vs. VBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Inflation Focused Equity ETF (AVIE) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVIE achieves a 12.27% return, which is significantly higher than VBIL's 1.70% return.

AVIE

• 1D: 0.62%
• 1M: -1.83%
• YTD: 12.27%
• 6M: 12.05%
• 1Y: 21.85%
• 3Y*: 12.88%
• 5Y*: —
• 10Y*: —

VBIL

• 1D: 0.03%
• 1M: 0.29%
• YTD: 1.70%
• 6M: 1.81%
• 1Y: 3.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVIE vs. VBIL - Yearly Performance Comparison

	2026 (YTD)	2025
AVIE Avantis Inflation Focused Equity ETF	12.27%	7.14%
VBIL Vanguard 0-3 Month Treasury Bill ETF	1.70%	3.73%

Correlation

The correlation between AVIE and VBIL is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025	-0.03

Return for Risk

AVIE vs. VBIL — Risk / Return Rank

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

AVIE

AVIE Risk / Return Rank: 74
AVIE Sharpe Ratio Rank: 71
AVIE Sortino Ratio Rank: 74
AVIE Omega Ratio Rank: 67
AVIE Calmar Ratio Rank: 84
AVIE Martin Ratio Rank: 74

VBIL

VBIL Risk / Return Rank: 100
VBIL Sharpe Ratio Rank: 100
VBIL Sortino Ratio Rank: 100
VBIL Omega Ratio Rank: 100
VBIL Calmar Ratio Rank: 100
VBIL Martin Ratio Rank: 100

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.

AVIE vs. VBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Inflation Focused Equity ETF (AVIE) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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.

	AVIE	VBIL	Difference
Sharpe ratio: Return per unit of total volatility	2.21	18.07	-15.87
Sortino ratio: Return per unit of downside risk	3.16	111.81	-108.65
Omega ratio: Gain probability vs. loss probability	1.39	39.66	-38.27
Calmar ratio: Return relative to maximum drawdown	4.42	296.41	-292.00
Martin ratio: Return relative to average drawdown	13.43	1,809.33	-1,795.90

AVIE vs. VBIL - Sharpe Ratio Comparison

The current AVIE Sharpe Ratio is 2.21, which is lower than the VBIL Sharpe Ratio of 18.07. The chart below compares the historical Sharpe Ratios of AVIE and VBIL, 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

AVIE vs. VBIL - Drawdown Comparison

The maximum AVIE drawdown since its inception was -12.39%, which is greater than VBIL's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for AVIE and VBIL.

Drawdown Indicators

	AVIE	VBIL	Difference
Max Drawdown Largest peak-to-trough decline	-12.39%	-0.09%	-12.30%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	-0.01%	-4.96%
Max Drawdown (3Y) Largest decline over 3 years	-12.39%	—	—
Current Drawdown Current decline from peak	-2.39%	0.00%	-2.39%
Average Drawdown Average peak-to-trough decline	-3.00%	-0.00%	-3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	0.00%	+1.63%

Volatility

AVIE vs. VBIL - Volatility Comparison

Avantis Inflation Focused Equity ETF (AVIE) has a higher volatility of 2.78% compared to Vanguard 0-3 Month Treasury Bill ETF (VBIL) at 0.05%. This indicates that AVIE's price experiences larger fluctuations and is considered to be riskier than VBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVIE	VBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	0.05%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	7.03%	0.16%	+6.87%
Volatility (1Y) Calculated over the trailing 1-year period	9.97%	0.22%	+9.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.90%	0.30%	+12.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.90%	0.30%	+12.60%

AVIE vs. VBIL - Expense Ratio Comparison

AVIE has a 0.25% expense ratio, which is higher than VBIL's 0.07% 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

AVIE vs. VBIL - Dividend Comparison

AVIE's dividend yield for the trailing twelve months is around 1.89%, less than VBIL's 3.65% yield.

Position	TTM	2025	2024	2023	2022
AVIE Avantis Inflation Focused Equity ETF	1.89%	1.75%	1.89%	3.72%	0.39%
VBIL Vanguard 0-3 Month Treasury Bill ETF	3.65%	3.12%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVIE and VBIL in my portfolio?

AVIE and VBIL have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVIE or VBIL?

AVIE has higher volatility (2.78%) compared to VBIL (0.05%). In terms of maximum drawdown, AVIE dropped -12.39% vs VBIL's -0.09%.

Which ETF is better, AVIE or VBIL?

On 1-year performance, AVIE leads with 21.85% vs 3.91% for VBIL. On fees, VBIL is cheaper at 0.07% per year. On volatility, VBIL has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVIE or VBIL?

Over the 1-year period, AVIE has performed better with a 21.85% return vs 3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVIE or VBIL?

VBIL is cheaper with a 0.07% expense ratio, compared with 0.25% for AVIE.

Which ETF pays a higher dividend yield, AVIE or VBIL?

VBIL has the higher dividend yield at 3.65%, compared with 1.89% for AVIE.

What is the main difference between AVIE and VBIL?

AVIE is categorized as Large Cap Blend Equities, while VBIL is Ultrashort Bond. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.25% for AVIE and 0.07% for VBIL.

Which has better risk-adjusted returns?

VBIL currently has the higher Sharpe Ratio (18.07 vs 2.21), 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.