AVIG vs. VCLT
AVIG (Avantis Core Fixed Income ETF) and VCLT (Vanguard Long-Term Corporate Bond ETF) are both Corporate Bonds funds. AVIG is actively managed, while VCLT is passively managed. Over the past 5 years, AVIG returned 0.13%/yr vs -1.78%/yr for VCLT. Their correlation of 0.91 suggests significant overlap in exposure. AVIG charges 0.15%/yr vs 0.04%/yr for VCLT.
Performance
AVIG vs. VCLT - 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 VCLT's 0.99% return.
AVIG
- 1D
- -0.21%
- 1M
- 0.11%
- YTD
- 0.08%
- 6M
- 0.01%
- 1Y
- 5.39%
- 3Y*
- 4.44%
- 5Y*
- 0.13%
- 10Y*
- —
VCLT
- 1D
- -0.35%
- 1M
- 1.49%
- YTD
- 0.99%
- 6M
- -0.04%
- 1Y
- 7.69%
- 3Y*
- 4.34%
- 5Y*
- -1.78%
- 10Y*
- 2.31%
AVIG vs. VCLT - 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% |
VCLT Vanguard Long-Term Corporate Bond ETF | 0.99% | 7.18% | -1.90% | 11.17% | -25.50% | -1.73% | 3.66% |
Correlation
The correlation between AVIG and VCLT is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.91 |
The correlation between AVIG and VCLT has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
AVIG vs. VCLT — Risk / Return Rank
AVIG
VCLT
AVIG vs. VCLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income ETF (AVIG) and Vanguard Long-Term Corporate Bond ETF (VCLT). 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 | VCLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 0.97 | +0.43 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.43 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.47 | +0.45 |
Martin ratioReturn relative to average drawdown | 5.85 | 3.62 | +2.23 |
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 | VCLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 0.97 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.14 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.39 | -0.41 |
Drawdowns
AVIG vs. VCLT - Drawdown Comparison
The maximum AVIG drawdown since its inception was -19.64%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for AVIG and VCLT.
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Drawdown Indicators
| AVIG | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -34.31% | +14.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -5.25% | +2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -13.03% | +7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -19.47% | -34.31% | +14.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.31% | — |
Current DrawdownCurrent decline from peak | -1.66% | -14.36% | +12.70% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -8.16% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 2.13% | -1.21% |
Volatility
AVIG vs. VCLT - Volatility Comparison
The current volatility for Avantis Core Fixed Income ETF (AVIG) is 1.32%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 2.31%. This indicates that AVIG experiences smaller price fluctuations and is considered to be less risky than VCLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVIG | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 2.31% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 5.75% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 7.92% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.23% | 12.78% | -6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 12.84% | -6.83% |
AVIG vs. VCLT - Expense Ratio Comparison
AVIG has a 0.15% expense ratio, which is higher than VCLT'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. VCLT - Dividend Comparison
AVIG's dividend yield for the trailing twelve months is around 4.04%, less than VCLT's 5.55% 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% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.55% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
Frequently Asked Questions
With a correlation of 0.93, AVIG and VCLT 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.
VCLT has higher volatility (2.31%) compared to AVIG (1.32%). In terms of maximum drawdown, AVIG dropped -19.64% vs VCLT's -34.31%.
On 5-year performance, AVIG leads with 0.13% vs -1.78% for VCLT. On fees, VCLT is cheaper at 0.04% per year. On volatility, AVIG has been the lower-risk option at 1.32%. 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 0.13% return vs -1.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCLT is cheaper with a 0.04% expense ratio, compared with 0.15% for AVIG.
VCLT has the higher dividend yield at 5.55%, compared with 4.04% for AVIG.
They also come from different issuers: American Century and Vanguard. Their fees differ too: 0.15% for AVIG and 0.04% for VCLT.
AVIG currently has the higher Sharpe Ratio (1.40 vs 0.97), 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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