AVIG vs. USHY
Compare and contrast key facts about Avantis Core Fixed Income ETF (AVIG) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
AVIG and USHY 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. It was launched on Oct 13, 2020. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017.
Performance
AVIG vs. USHY - Performance Comparison
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AVIG vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | -0.20% | 7.98% | 1.55% | 6.41% | -13.94% | -2.15% | 0.96% |
USHY iShares Broad USD High Yield Corporate Bond ETF | -0.38% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 4.96% |
Returns By Period
In the year-to-date period, AVIG achieves a -0.20% return, which is significantly higher than USHY's -0.38% return.
AVIG
- 1D
- 0.34%
- 1M
- -1.93%
- YTD
- -0.20%
- 6M
- 0.90%
- 1Y
- 4.89%
- 3Y*
- 4.03%
- 5Y*
- 0.34%
- 10Y*
- —
USHY
- 1D
- 0.99%
- 1M
- -0.93%
- YTD
- -0.38%
- 6M
- 0.88%
- 1Y
- 7.12%
- 3Y*
- 8.33%
- 5Y*
- 4.14%
- 10Y*
- —
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AVIG vs. USHY - Expense Ratio Comparison
Both AVIG and USHY have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
AVIG vs. USHY — Risk / Return Rank
AVIG
USHY
AVIG vs. USHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income ETF (AVIG) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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 | USHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.30 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.91 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.85 | -0.03 |
Martin ratioReturn relative to average drawdown | 5.77 | 9.37 | -3.60 |
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 | USHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.30 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.57 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.56 | -0.59 |
Correlation
The correlation between AVIG and USHY is 0.53, 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.
Dividends
AVIG vs. USHY - Dividend Comparison
AVIG's dividend yield for the trailing twelve months is around 4.43%, less than USHY's 6.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | 4.43% | 4.36% | 4.66% | 4.06% | 2.53% | 1.12% | 0.22% | 0.00% | 0.00% | 0.00% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.87% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% |
Drawdowns
AVIG vs. USHY - Drawdown Comparison
The maximum AVIG drawdown since its inception was -19.64%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for AVIG and USHY.
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Drawdown Indicators
| AVIG | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -22.44% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -3.92% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -19.47% | -15.56% | -3.91% |
Current DrawdownCurrent decline from peak | -1.93% | -1.36% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -2.72% | -5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.77% | +0.11% |
Volatility
AVIG vs. USHY - Volatility Comparison
The current volatility for Avantis Core Fixed Income ETF (AVIG) is 1.83%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 2.19%. This indicates that AVIG experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVIG | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 2.19% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 2.83% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.45% | 5.51% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 7.33% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 8.32% | -2.26% |