AVIG vs. IHY
Compare and contrast key facts about Avantis Core Fixed Income ETF (AVIG) and VanEck Vectors International High Yield Bond ETF (IHY).
AVIG and IHY 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 Investments. It was launched on Oct 13, 2020. IHY is a passively managed fund by VanEck that tracks the performance of the Bank of America Merrill Lynch Global Ex-‐US Issuers High Yield Constrained Index. It was launched on Apr 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVIG or IHY.
Key characteristics
| AVIG | IHY | |
|---|---|---|
| YTD Return | -2.65% | -1.05% |
| 1Y Return | -0.35% | 6.82% |
| 3Y Return (Ann) | -3.52% | -2.88% |
| Sharpe Ratio | 0.04 | 1.09 |
| Daily Std Dev | 6.88% | 6.96% |
| Max Drawdown | -19.64% | -27.63% |
| Current Drawdown | -12.76% | -9.69% |
Correlation
The correlation between AVIG and IHY is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AVIG vs. IHY - Performance Comparison
In the year-to-date period, AVIG achieves a -2.65% return, which is significantly lower than IHY's -1.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AVIG vs. IHY - Expense Ratio Comparison
AVIG has a 0.15% expense ratio, which is lower than IHY's 0.40% expense ratio.
Risk-Adjusted Performance
AVIG vs. IHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income ETF (AVIG) and VanEck Vectors International High Yield Bond ETF (IHY). 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.
Dividends
AVIG vs. IHY - Dividend Comparison
AVIG's dividend yield for the trailing twelve months is around 4.36%, less than IHY's 5.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | 4.05% | 4.06% | 2.53% | 1.12% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IHY VanEck Vectors International High Yield Bond ETF | 5.51% | 5.27% | 4.97% | 4.55% | 4.65% | 4.86% | 4.70% | 4.37% | 5.11% | 5.79% | 5.74% | 6.48% |
Drawdowns
AVIG vs. IHY - Drawdown Comparison
The maximum AVIG drawdown since its inception was -19.64%, smaller than the maximum IHY drawdown of -27.63%. Use the drawdown chart below to compare losses from any high point for AVIG and IHY. For additional features, visit the drawdowns tool.
Volatility
AVIG vs. IHY - Volatility Comparison
Avantis Core Fixed Income ETF (AVIG) has a higher volatility of 1.87% compared to VanEck Vectors International High Yield Bond ETF (IHY) at 1.64%. This indicates that AVIG's price experiences larger fluctuations and is considered to be riskier than IHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.