AVIG vs. BNDW
AVIG (Avantis Core Fixed Income ETF) and BNDW (Vanguard Total World Bond ETF) are both exchange-traded funds - AVIG is a Corporate Bonds fund actively managed by American Century, while BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. AVIG is actively managed, while BNDW is passively managed. Over the past 5 years, AVIG returned 0.13%/yr vs 0.22%/yr for BNDW. Their correlation of 0.94 suggests significant overlap in exposure. AVIG charges 0.15%/yr vs 0.05%/yr for BNDW.
Performance
AVIG vs. BNDW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AVIG achieves a 0.08% return, which is significantly lower than BNDW's 0.42% return.
AVIG
- 1D
- -0.21%
- 1M
- 0.11%
- YTD
- 0.08%
- 6M
- 0.01%
- 1Y
- 5.39%
- 3Y*
- 4.44%
- 5Y*
- 0.13%
- 10Y*
- —
BNDW
- 1D
- -0.26%
- 1M
- 0.44%
- YTD
- 0.42%
- 6M
- 0.18%
- 1Y
- 3.51%
- 3Y*
- 3.99%
- 5Y*
- 0.22%
- 10Y*
- —
AVIG vs. BNDW - 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% |
BNDW Vanguard Total World Bond ETF | 0.42% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 0.65% |
Correlation
The correlation between AVIG and BNDW is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.94 |
The correlation between AVIG and BNDW has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVIG vs. BNDW — Risk / Return Rank
AVIG
BNDW
AVIG vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income ETF (AVIG) and Vanguard Total World Bond ETF (BNDW). 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 | BNDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.31 | +0.61 |
| Martin ratioReturn relative to average drawdown | 5.85 | 3.70 | +2.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AVIG | BNDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.05 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.04 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.37 | -0.40 |
Drawdowns
AVIG vs. BNDW - Drawdown Comparison
The maximum AVIG drawdown since its inception was -19.64%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for AVIG and BNDW.
Loading charts...
Drawdown Indicators
| AVIG | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -17.22% | -2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.70% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -4.27% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -19.47% | -16.93% | -2.54% |
Current DrawdownCurrent decline from peak | -1.66% | -1.53% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -4.98% | -2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.95% | -0.03% |
Volatility
AVIG vs. BNDW - Volatility Comparison
Avantis Core Fixed Income ETF (AVIG) and Vanguard Total World Bond ETF (BNDW) have volatilities of 1.32% and 1.31%, 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.
Loading charts...
Volatility by Period
| AVIG | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.31% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 2.62% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.36% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.23% | 5.21% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 4.90% | +1.11% |
AVIG vs. BNDW - Expense Ratio Comparison
AVIG has a 0.15% expense ratio, which is higher than BNDW'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%.
Dividends
AVIG vs. BNDW - Dividend Comparison
AVIG's dividend yield for the trailing twelve months is around 4.04%, less than BNDW's 4.21% 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% |
BNDW Vanguard Total World Bond ETF | 4.21% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% |
Frequently Asked Questions
With a correlation of 0.94, AVIG and BNDW 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 BNDW (1.31%). In terms of maximum drawdown, AVIG dropped -19.64% vs BNDW's -17.22%.
On 5-year performance, BNDW leads with 0.22% vs 0.13% for AVIG. On fees, BNDW is cheaper at 0.05% 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, BNDW has performed better with a 0.22% return vs 0.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDW is cheaper with a 0.05% expense ratio, compared with 0.15% for AVIG.
BNDW has the higher dividend yield at 4.21%, compared with 4.04% for AVIG.
AVIG is categorized as Corporate Bonds, while BNDW is Global Bonds. They also come from different issuers: American Century and Vanguard. Their fees differ too: 0.15% for AVIG and 0.05% for BNDW.
AVIG currently has the higher Sharpe Ratio (1.40 vs 1.05), 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.
Find the right allocation for AVIG and BNDW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer