AVIG vs. USHY
AVIG (Avantis Core Fixed Income ETF) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both exchange-traded funds - AVIG is a Intermediate Core Bond fund actively managed by Avantis, while USHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index. AVIG is actively managed, while USHY is passively managed. Over the past 5 years, AVIG returned -0.39%/yr vs 4.04%/yr for USHY. Their 0.54 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.15% expense ratio.
Performance
AVIG vs. USHY - Performance Comparison
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Returns By Period
In the year-to-date period, AVIG achieves a -0.68% return, which is significantly lower than USHY's 1.77% return.
AVIG
- 1D
- -0.26%
- 1M
- -1.22%
- 6M
- -0.93%
- YTD
- -0.68%
- 1Y
- 1.95%
- 3Y*
- 4.40%
- 5Y*
- -0.39%
- 10Y*
- —
- ALL TIME*
- -0.27%
USHY
- 1D
- -0.03%
- 1M
- -0.30%
- 6M
- 1.11%
- YTD
- 1.77%
- 1Y
- 5.32%
- 3Y*
- 8.46%
- 5Y*
- 4.04%
- 10Y*
- —
- ALL TIME*
- 4.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.26M | $12.33M | $14.12M | |
| $442.06M | $387.27M | $388.84M |
AVIG vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | -0.68% | 7.98% | 1.55% | 6.41% | -13.94% | -2.15% | 0.86% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.77% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 4.88% |
Correlation
The correlation between AVIG and USHY is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.54 |
The correlation between AVIG and USHY shifts across timeframes, from 0.54 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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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.
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 | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.28 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 2.20 | -1.21 |
| Martin ratioReturn relative to average drawdown | 2.43 | 9.66 | -7.23 |
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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 | -2.82% | -2.43% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -4.66% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -19.47% | -15.56% | -3.91% |
Current DrawdownCurrent decline from peak | -2.40% | -0.49% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -2.62% | -4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.55% | +0.59% |
Volatility
AVIG vs. USHY - Volatility Comparison
Avantis Core Fixed Income ETF (AVIG) has a higher volatility of 1.03% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 0.77%. This indicates that AVIG's price experiences larger fluctuations and is considered to be riskier 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 | 1.03% | 0.77% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 3.02% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.67% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 7.35% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.96% | 8.18% | -2.22% |
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%.
Dividends
AVIG vs. USHY - Dividend Comparison
AVIG's dividend yield for the trailing twelve months is around 4.42%, less than USHY's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | 4.01% | 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 | 6.35% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% |
Frequently Asked Questions
AVIG and USHY have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVIG has higher volatility (1.03%) compared to USHY (0.77%). In terms of maximum drawdown, AVIG dropped -19.64% vs USHY's -22.44%.
On 5-year performance, USHY leads with 4.04% vs -0.39% for AVIG. Both ETFs have the same 0.15% expense ratio. On volatility, USHY has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USHY has performed better with a 4.04% return vs -0.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVIG and USHY have the same expense ratio: 0.15% per year.
USHY has the higher dividend yield at 6.35%, compared with 4.01% for AVIG.
AVIG is categorized as Intermediate Core Bond, while USHY is High Yield Bonds. They also come from different issuers: Avantis and iShares.
USHY currently has the higher Sharpe Ratio (1.46 vs 0.73), 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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