AVIG vs. BBAG
AVIG (Avantis Core Fixed Income ETF) and BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) are both Intermediate Core Bond funds. AVIG is actively managed, while BBAG is passively managed. Over the past 5 years, AVIG returned 0.13%/yr vs -0.01%/yr for BBAG. With a 0.96 correlation, they move nearly in lockstep. AVIG charges 0.15%/yr vs 0.03%/yr for BBAG.
Performance
AVIG vs. BBAG - Performance Comparison
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Returns By Period
In the year-to-date period, AVIG achieves a 0.08% return, which is significantly lower than BBAG's 0.17% return.
AVIG
- 1D
- -0.21%
- 1M
- 0.11%
- YTD
- 0.08%
- 6M
- 0.01%
- 1Y
- 5.39%
- 3Y*
- 4.44%
- 5Y*
- 0.13%
- 10Y*
- —
BBAG
- 1D
- -0.23%
- 1M
- 0.21%
- YTD
- 0.17%
- 6M
- 0.02%
- 1Y
- 5.12%
- 3Y*
- 3.86%
- 5Y*
- -0.01%
- 10Y*
- —
AVIG vs. BBAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | 0.08% | 7.98% | 1.55% | 6.41% | -13.94% | -2.15% | 0.96% |
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 0.17% | 7.27% | 1.26% | 5.41% | -13.26% | -1.79% | 0.59% |
Correlation
The correlation between AVIG and BBAG is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.96 |
The correlation between AVIG and BBAG has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
AVIG vs. BBAG — Risk / Return Rank
AVIG
BBAG
AVIG vs. BBAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income ETF (AVIG) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). 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 | BBAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.85 | +0.07 |
| Martin ratioReturn relative to average drawdown | 5.85 | 5.54 | +0.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVIG | BBAG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.31 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.00 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.32 | -0.34 |
Drawdowns
AVIG vs. BBAG - Drawdown Comparison
The maximum AVIG drawdown since its inception was -19.64%, roughly equal to the maximum BBAG drawdown of -18.73%. Use the drawdown chart below to compare losses from any high point for AVIG and BBAG.
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Drawdown Indicators
| AVIG | BBAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -18.73% | -0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.78% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -6.18% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -19.47% | -18.06% | -1.41% |
Current DrawdownCurrent decline from peak | -1.66% | -2.84% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -6.22% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.93% | -0.01% |
Volatility
AVIG vs. BBAG - Volatility Comparison
Avantis Core Fixed Income ETF (AVIG) has a higher volatility of 1.32% compared to JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) at 1.24%. This indicates that AVIG's price experiences larger fluctuations and is considered to be riskier than BBAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVIG | BBAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.24% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 2.82% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.92% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.23% | 5.93% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 5.80% | +0.21% |
AVIG vs. BBAG - Expense Ratio Comparison
AVIG has a 0.15% expense ratio, which is higher than BBAG'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
AVIG vs. BBAG - Dividend Comparison
AVIG's dividend yield for the trailing twelve months is around 4.04%, less than BBAG's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | 4.04% | 4.36% | 4.66% | 4.06% | 2.53% | 1.12% | 0.22% | 0.00% | 0.00% |
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 4.37% | 4.29% | 4.25% | 3.60% | 2.23% | 1.44% | 2.26% | 2.92% | 0.16% |
Frequently Asked Questions
With a correlation of 0.95, AVIG and BBAG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AVIG has higher volatility (1.32%) compared to BBAG (1.24%). In terms of maximum drawdown, AVIG dropped -19.64% vs BBAG's -18.73%.
On 5-year performance, AVIG leads with 0.13% vs -0.01% for BBAG. On fees, BBAG is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVIG has performed better with a 0.13% return vs -0.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBAG is cheaper with a 0.03% expense ratio, compared with 0.15% for AVIG.
BBAG has the higher dividend yield at 4.37%, compared with 4.04% for AVIG.
They also come from different issuers: Avantis and JPMorgan. Their fees differ too: 0.15% for AVIG and 0.03% for BBAG.
AVIG currently has the higher Sharpe Ratio (1.40 vs 1.31), 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.
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