AVIG vs. AGG
Compare and contrast key facts about Avantis Core Fixed Income ETF (AVIG) and iShares Core U.S. Aggregate Bond ETF (AGG).
AVIG and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVIG is an actively managed fund by American Century Investments. It was launched on Oct 13, 2020. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVIG or AGG.
Key characteristics
| AVIG | AGG | |
|---|---|---|
| YTD Return | 2.43% | 2.42% |
| 1Y Return | 9.42% | 8.81% |
| 3Y Return (Ann) | -2.09% | -2.00% |
| Sharpe Ratio | 1.60 | 1.53 |
| Sortino Ratio | 2.40 | 2.25 |
| Omega Ratio | 1.28 | 1.27 |
| Calmar Ratio | 0.58 | 0.59 |
| Martin Ratio | 5.87 | 5.49 |
| Ulcer Index | 1.58% | 1.65% |
| Daily Std Dev | 5.81% | 5.93% |
| Max Drawdown | -19.64% | -18.43% |
| Current Drawdown | -8.21% | -7.94% |
Correlation
The correlation between AVIG and AGG is 0.98, 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.
Performance
AVIG vs. AGG - Performance Comparison
The year-to-date returns for both stocks are quite close, with AVIG having a 2.43% return and AGG slightly lower at 2.42%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AVIG vs. AGG - Expense Ratio Comparison
AVIG has a 0.15% expense ratio, which is higher than AGG's 0.05% 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%.
Risk-Adjusted Performance
AVIG vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income ETF (AVIG) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
Dividends
AVIG vs. AGG - Dividend Comparison
AVIG's dividend yield for the trailing twelve months is around 4.56%, more than AGG's 3.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | 4.56% | 4.06% | 2.54% | 1.12% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.94% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
AVIG vs. AGG - Drawdown Comparison
The maximum AVIG drawdown since its inception was -19.64%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for AVIG and AGG. For additional features, visit the drawdowns tool.
Volatility
AVIG vs. AGG - Volatility Comparison
Avantis Core Fixed Income ETF (AVIG) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.71% and 1.69%, 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.