AVIG vs. USIG
AVIG (Avantis Core Fixed Income ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. AVIG is actively managed, while USIG is passively managed. Over the past 5 years, AVIG returned 0.13%/yr vs 0.72%/yr for USIG. With a 0.95 correlation, they move nearly in lockstep. AVIG charges 0.15%/yr vs 0.04%/yr for USIG.
Performance
AVIG vs. USIG - Performance Comparison
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Returns By Period
In the year-to-date period, AVIG achieves a 0.08% return, which is significantly lower than USIG's 0.56% return.
AVIG
- 1D
- -0.21%
- 1M
- 0.11%
- YTD
- 0.08%
- 6M
- 0.01%
- 1Y
- 5.39%
- 3Y*
- 4.44%
- 5Y*
- 0.13%
- 10Y*
- —
USIG
- 1D
- -0.23%
- 1M
- 0.56%
- YTD
- 0.56%
- 6M
- 0.37%
- 1Y
- 6.04%
- 3Y*
- 5.46%
- 5Y*
- 0.72%
- 10Y*
- 2.63%
AVIG vs. USIG - 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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.56% | 7.86% | 2.56% | 8.71% | -15.30% | -1.34% | 2.27% |
Correlation
The correlation between AVIG and USIG is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.95 |
The correlation between AVIG and USIG has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
AVIG vs. USIG — Risk / Return Rank
AVIG
USIG
AVIG vs. USIG - 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 Investment Grade Corporate Bond ETF (USIG). 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 | USIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 1.47 | -0.06 |
Sortino ratioReturn per unit of downside risk | 2.06 | 2.16 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.17 | -0.25 |
Martin ratioReturn relative to average drawdown | 5.85 | 7.07 | -1.21 |
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 | USIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.47 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.11 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.54 | -0.56 |
Drawdowns
AVIG vs. USIG - Drawdown Comparison
The maximum AVIG drawdown since its inception was -19.64%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for AVIG and USIG.
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Drawdown Indicators
| AVIG | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -22.21% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.79% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -6.10% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -19.47% | -21.45% | +1.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -1.66% | -0.97% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -3.42% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.86% | +0.06% |
Volatility
AVIG vs. USIG - Volatility Comparison
Avantis Core Fixed Income ETF (AVIG) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG) have volatilities of 1.32% and 1.27%, 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 | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.27% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 3.04% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 4.13% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.23% | 6.82% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 6.82% | -0.81% |
AVIG vs. USIG - Expense Ratio Comparison
AVIG has a 0.15% expense ratio, which is higher than USIG's 0.04% 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. USIG - Dividend Comparison
AVIG's dividend yield for the trailing twelve months is around 4.04%, less than USIG's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVIG Avantis Core Fixed Income ETF | 4.04% | 4.36% | 4.66% | 4.06% | 2.53% | 1.12% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.74% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
With a correlation of 0.97, AVIG and USIG 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 USIG (1.27%). In terms of maximum drawdown, AVIG dropped -19.64% vs USIG's -22.21%.
On 5-year performance, USIG leads with 0.72% vs 0.13% for AVIG. On fees, USIG is cheaper at 0.04% 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, USIG has performed better with a 0.72% return vs 0.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USIG is cheaper with a 0.04% expense ratio, compared with 0.15% for AVIG.
USIG has the higher dividend yield at 4.74%, compared with 4.04% for AVIG.
They also come from different issuers: American Century and iShares. Their fees differ too: 0.15% for AVIG and 0.04% for USIG.
USIG currently has the higher Sharpe Ratio (1.47 vs 1.40), 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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