AVIG vs. FLCO
AVIG (Avantis Core Fixed Income ETF) and FLCO (Franklin Liberty Investment Grade Corporate ETF) are both exchange-traded funds - AVIG is a Intermediate Core Bond fund actively managed by Avantis, while FLCO is a Corporate Bonds fund actively managed by Franklin Templeton. Both are actively managed. Over the past 5 years, AVIG returned 0.20%/yr vs 0.16%/yr for FLCO. Their correlation of 0.94 suggests significant overlap in exposure. AVIG charges 0.15%/yr vs 0.35%/yr for FLCO.
Performance
AVIG vs. FLCO - Performance Comparison
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Returns By Period
In the year-to-date period, AVIG achieves a 0.66% return, which is significantly lower than FLCO's 1.12% return.
AVIG
- 1D
- 0.44%
- 1M
- 0.95%
- YTD
- 0.66%
- 6M
- 0.57%
- 1Y
- 4.53%
- 3Y*
- 4.61%
- 5Y*
- 0.20%
- 10Y*
- —
FLCO
- 1D
- 0.45%
- 1M
- 1.22%
- YTD
- 1.12%
- 6M
- 0.93%
- 1Y
- 4.79%
- 3Y*
- 5.15%
- 5Y*
- 0.16%
- 10Y*
- —
AVIG vs. FLCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | 0.66% | 7.98% | 1.55% | 6.41% | -13.94% | -2.15% | 0.86% |
FLCO Franklin Liberty Investment Grade Corporate ETF | 1.12% | 7.53% | 1.93% | 7.94% | -16.08% | -2.06% | 2.41% |
Correlation
The correlation between AVIG and FLCO is 0.95, 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 | 0.95 |
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 15, 2020 | 0.94 |
The correlation between AVIG and FLCO has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
AVIG vs. FLCO — Risk / Return Rank
AVIG
FLCO
AVIG vs. FLCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income ETF (AVIG) and Franklin Liberty Investment Grade Corporate ETF (FLCO). 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 | FLCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.74 | -0.13 |
| Martin ratioReturn relative to average drawdown | 4.58 | 5.12 | -0.54 |
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Drawdowns
AVIG vs. FLCO - Drawdown Comparison
The maximum AVIG drawdown since its inception was -19.64%, smaller than the maximum FLCO drawdown of -22.71%. Use the drawdown chart below to compare losses from any high point for AVIG and FLCO.
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Drawdown Indicators
| AVIG | FLCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -22.71% | +3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.76% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -6.59% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -19.47% | -22.48% | +3.01% |
Current DrawdownCurrent decline from peak | -1.09% | -1.67% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -5.86% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.94% | +0.05% |
Volatility
AVIG vs. FLCO - Volatility Comparison
Avantis Core Fixed Income ETF (AVIG) and Franklin Liberty Investment Grade Corporate ETF (FLCO) have volatilities of 1.22% and 1.23%, 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.
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Volatility by Period
| AVIG | FLCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.23% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 3.34% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 4.41% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 7.15% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.99% | 6.82% | -0.83% |
AVIG vs. FLCO - Expense Ratio Comparison
AVIG has a 0.15% expense ratio, which is lower than FLCO's 0.35% expense ratio.
Dividends
AVIG vs. FLCO - Dividend Comparison
AVIG's dividend yield for the trailing twelve months is around 4.35%, less than FLCO's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | 4.35% | 4.36% | 4.66% | 4.06% | 2.53% | 1.12% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
FLCO Franklin Liberty Investment Grade Corporate ETF | 4.62% | 4.60% | 4.63% | 3.83% | 3.85% | 2.85% | 3.99% | 3.39% | 3.86% | 3.33% | 0.51% |
Frequently Asked Questions
With a correlation of 0.95, AVIG and FLCO 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.
FLCO has higher volatility (1.23%) compared to AVIG (1.22%). In terms of maximum drawdown, AVIG dropped -19.64% vs FLCO's -22.71%.
On 5-year performance, AVIG leads with 0.20% vs 0.16% for FLCO. On fees, AVIG is cheaper at 0.15% 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 0.20% return vs 0.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVIG is cheaper with a 0.15% expense ratio, compared with 0.35% for FLCO.
FLCO has the higher dividend yield at 4.62%, compared with 4.35% for AVIG.
AVIG is categorized as Intermediate Core Bond, while FLCO is Corporate Bonds. They also come from different issuers: Avantis and Franklin Templeton. Their fees differ too: 0.15% for AVIG and 0.35% for FLCO.
AVIG currently has the higher Sharpe Ratio (1.19 vs 1.10), 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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