AVIG vs. BND
AVIG (Avantis Core Fixed Income ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - AVIG is a Intermediate Core Bond fund actively managed by Avantis, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. AVIG is actively managed, while BND is passively managed. Over the past 5 years, AVIG returned 0.08%/yr vs 0.04%/yr for BND. With a 0.98 correlation, they move nearly in lockstep. AVIG charges 0.15%/yr vs 0.03%/yr for BND.
Performance
AVIG vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, AVIG achieves a 0.10% return, which is significantly lower than BND's 0.38% return.
AVIG
- 1D
- -0.25%
- 1M
- 0.39%
- YTD
- 0.10%
- 6M
- 0.25%
- 1Y
- 4.63%
- 3Y*
- 4.41%
- 5Y*
- 0.08%
- 10Y*
- —
BND
- 1D
- -0.27%
- 1M
- 0.53%
- YTD
- 0.38%
- 6M
- 0.45%
- 1Y
- 4.37%
- 3Y*
- 3.92%
- 5Y*
- 0.04%
- 10Y*
- 1.55%
AVIG vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | 0.10% | 7.98% | 1.55% | 6.41% | -13.94% | -2.15% | 0.86% |
BND Vanguard Total Bond Market ETF | 0.38% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 0.67% |
Correlation
The correlation between AVIG and BND is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.98 |
The correlation between AVIG and BND has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
AVIG vs. BND — Risk / Return Rank
AVIG
BND
AVIG vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income ETF (AVIG) and Vanguard Total Bond Market ETF (BND). 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.
| AVIG | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.64 | +0.01 |
| Martin ratioReturn relative to average drawdown | 4.71 | 4.69 | +0.02 |
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Drawdowns
AVIG vs. BND - Drawdown Comparison
The maximum AVIG drawdown since its inception was -19.64%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for AVIG and BND.
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Drawdown Indicators
| AVIG | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -18.58% | -1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.68% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -5.92% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.47% | -17.91% | -1.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.63% | -2.26% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -3.06% | -4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.93% | +0.06% |
Volatility
AVIG vs. BND - Volatility Comparison
Avantis Core Fixed Income ETF (AVIG) has a higher volatility of 1.15% compared to Vanguard Total Bond Market ETF (BND) at 1.08%. This indicates that AVIG's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVIG | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.08% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 2.77% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 3.74% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 6.03% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.99% | 5.54% | +0.45% |
AVIG vs. BND - Expense Ratio Comparison
AVIG has a 0.15% expense ratio, which is higher than BND'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. BND - Dividend Comparison
AVIG's dividend yield for the trailing twelve months is around 4.38%, more than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | 4.38% | 4.36% | 4.66% | 4.06% | 2.53% | 1.12% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Frequently Asked Questions
With a correlation of 0.98, AVIG and BND 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 (1.15%) compared to BND (1.08%). In terms of maximum drawdown, AVIG dropped -19.64% vs BND's -18.58%.
On 5-year performance, AVIG leads with 0.08% vs 0.04% for BND. On fees, BND 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 0.08% return vs 0.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.15% for AVIG.
AVIG has the higher dividend yield at 4.38%, compared with 3.96% for BND.
AVIG is categorized as Intermediate Core Bond, while BND is Total Bond Market. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.15% for AVIG and 0.03% for BND.
AVIG currently has the higher Sharpe Ratio (1.22 vs 1.18), 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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