AVIG vs. AVES

Last updated Apr 1, 2026

Compare and contrast key facts about Avantis Core Fixed Income ETF (AVIG) and Avantis Emerging Markets Value ETF (AVES).

AVIG and AVES 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. It was launched on Oct 13, 2020. AVES is an actively managed fund by American Century. It was launched on Sep 28, 2021.

Performance

AVIG vs. AVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Core Fixed Income ETF (AVIG) and Avantis Emerging Markets Value ETF (AVES). The values are adjusted to include any dividend payments, if applicable.

AVIG vs. AVES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVIG Avantis Core Fixed Income ETF	-0.20%	7.98%	1.55%	6.41%	-13.94%	-0.37%
AVES Avantis Emerging Markets Value ETF	2.97%	30.49%	4.50%	16.79%	-16.04%	1.32%

Returns By Period

In the year-to-date period, AVIG achieves a -0.20% return, which is significantly lower than AVES's 2.97% return.

AVIG

• 1D: 0.34%
• 1M: -1.93%
• YTD: -0.20%
• 6M: 0.90%
• 1Y: 4.89%
• 3Y*: 4.03%
• 5Y*: 0.34%
• 10Y*: —

AVES

• 1D: 3.01%
• 1M: -9.24%
• YTD: 2.97%
• 6M: 6.68%
• 1Y: 31.64%
• 3Y*: 16.33%
• 5Y*: —
• 10Y*: —

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

AVIG vs. AVES - Expense Ratio Comparison

AVIG has a 0.15% expense ratio, which is lower than AVES's 0.36% expense ratio.

AVES

Avantis Emerging Markets Value ETF

AVIG

Avantis Core Fixed Income ETF

Return for Risk

AVIG vs. AVES — Risk / Return Rank

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

AVIG

AVIG Risk / Return Rank: 63
AVIG Sharpe Ratio Rank: 65
AVIG Sortino Ratio Rank: 62
AVIG Omega Ratio Rank: 55
AVIG Calmar Ratio Rank: 73
AVIG Martin Ratio Rank: 60

AVES

AVES Risk / Return Rank: 86
AVES Sharpe Ratio Rank: 87
AVES Sortino Ratio Rank: 87
AVES Omega Ratio Rank: 88
AVES Calmar Ratio Rank: 85
AVES Martin Ratio Rank: 85

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.

AVIG vs. AVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income ETF (AVIG) and Avantis Emerging Markets Value ETF (AVES). 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.

	AVIG	AVES	Difference
Sharpe ratio Return per unit of total volatility	1.11	1.76	-0.65
Sortino ratio Return per unit of downside risk	1.53	2.32	-0.79
Omega ratio Gain probability vs. loss probability	1.20	1.34	-0.14
Calmar ratio Return relative to maximum drawdown	1.82	2.40	-0.58
Martin ratio Return relative to average drawdown	5.77	9.31	-3.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVIG vs. AVES - Sharpe Ratio Comparison

The current AVIG Sharpe Ratio is 1.11, which is lower than the AVES Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of AVIG and AVES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVIG	AVES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	1.76	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.46	-0.49

Correlation

The correlation between AVIG and AVES is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AVIG vs. AVES - Dividend Comparison

AVIG's dividend yield for the trailing twelve months is around 4.43%, more than AVES's 3.19% yield.

	TTM	2025	2024	2023	2022	2021	2020
AVIG Avantis Core Fixed Income ETF	4.43%	4.36%	4.66%	4.06%	2.53%	1.12%	0.22%
AVES Avantis Emerging Markets Value ETF	3.19%	3.17%	4.09%	3.96%	3.70%	0.62%	0.00%

Drawdowns

AVIG vs. AVES - Drawdown Comparison

The maximum AVIG drawdown since its inception was -19.64%, smaller than the maximum AVES drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for AVIG and AVES.

Drawdown Indicators

	AVIG	AVES	Difference
Max Drawdown Largest peak-to-trough decline	-19.64%	-27.40%	+7.76%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	-12.90%	+10.10%
Max Drawdown (5Y) Largest decline over 5 years	-19.47%	—	—
Current Drawdown Current decline from peak	-1.93%	-10.28%	+8.35%
Average Drawdown Average peak-to-trough decline	-7.95%	-7.91%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	3.33%	-2.45%

Volatility

AVIG vs. AVES - Volatility Comparison

The current volatility for Avantis Core Fixed Income ETF (AVIG) is 1.83%, while Avantis Emerging Markets Value ETF (AVES) has a volatility of 8.89%. This indicates that AVIG experiences smaller price fluctuations and is considered to be less risky than AVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVIG	AVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	8.89%	-7.06%
Volatility (6M) Calculated over the trailing 6-month period	2.63%	12.90%	-10.27%
Volatility (1Y) Calculated over the trailing 1-year period	4.45%	18.09%	-13.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.22%	16.73%	-10.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.06%	16.73%	-10.67%