AVIGX vs. FTHRX
AVIGX (Avantis Core Fixed Income Fund) and FTHRX (Fidelity Intermediate Bond Fund) are both Intermediate Core Bond funds. Over the past 5 years, AVIGX returned -0.04%/yr vs 1.02%/yr for FTHRX. Their correlation of 0.94 suggests significant overlap in exposure. AVIGX charges 0.15%/yr vs 0.45%/yr for FTHRX.
Performance
AVIGX vs. FTHRX - Performance Comparison
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Returns By Period
In the year-to-date period, AVIGX achieves a -0.22% return, which is significantly higher than FTHRX's -0.24% return.
AVIGX
- 1D
- -0.24%
- 1M
- 0.48%
- YTD
- -0.22%
- 6M
- 0.26%
- 1Y
- 4.49%
- 3Y*
- 4.29%
- 5Y*
- -0.04%
- 10Y*
- —
FTHRX
- 1D
- -0.20%
- 1M
- 0.22%
- YTD
- -0.24%
- 6M
- 0.16%
- 1Y
- 3.22%
- 3Y*
- 4.50%
- 5Y*
- 1.02%
- 10Y*
- 1.95%
AVIGX vs. FTHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVIGX Avantis Core Fixed Income Fund | -0.22% | 8.04% | 2.07% | 5.13% | -13.62% | 0.99% |
FTHRX Fidelity Intermediate Bond Fund | -0.24% | 6.89% | 3.25% | 5.55% | -9.17% | 0.43% |
Correlation
The correlation between AVIGX and FTHRX 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.94 |
The correlation between AVIGX and FTHRX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
AVIGX vs. FTHRX — Risk / Return Rank
AVIGX
FTHRX
AVIGX vs. FTHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income Fund (AVIGX) and Fidelity Intermediate Bond Fund (FTHRX). 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.
| AVIGX | FTHRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.59 | -0.02 |
| Martin ratioReturn relative to average drawdown | 4.48 | 4.39 | +0.09 |
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Drawdowns
AVIGX vs. FTHRX - Drawdown Comparison
The maximum AVIGX drawdown since its inception was -19.39%, roughly equal to the maximum FTHRX drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for AVIGX and FTHRX.
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Drawdown Indicators
| AVIGX | FTHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.39% | -19.01% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -2.11% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -6.28% | -2.68% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.39% | -13.18% | -6.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.25% | — |
Current DrawdownCurrent decline from peak | -2.08% | -1.48% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -3.06% | -5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.76% | +0.30% |
Volatility
AVIGX vs. FTHRX - Volatility Comparison
Avantis Core Fixed Income Fund (AVIGX) has a higher volatility of 1.25% compared to Fidelity Intermediate Bond Fund (FTHRX) at 0.87%. This indicates that AVIGX's price experiences larger fluctuations and is considered to be riskier than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVIGX | FTHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.87% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 2.09% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 2.80% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.20% | 4.04% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.07% | 3.40% | +2.67% |
AVIGX vs. FTHRX - Expense Ratio Comparison
AVIGX has a 0.15% expense ratio, which is lower than FTHRX's 0.45% expense ratio.
Dividends
AVIGX vs. FTHRX - Dividend Comparison
AVIGX's dividend yield for the trailing twelve months is around 4.44%, more than FTHRX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVIGX Avantis Core Fixed Income Fund | 4.44% | 4.45% | 4.97% | 2.92% | 3.01% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTHRX Fidelity Intermediate Bond Fund | 3.71% | 3.59% | 3.49% | 2.94% | 1.55% | 1.53% | 4.16% | 2.49% | 2.48% | 2.20% | 2.63% | 2.13% |
Frequently Asked Questions
With a correlation of 0.93, AVIGX and FTHRX 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.
AVIGX has higher volatility (1.25%) compared to FTHRX (0.87%). In terms of maximum drawdown, AVIGX dropped -19.39% vs FTHRX's -19.01%.
FTHRX currently has the higher Sharpe Ratio (1.20 vs 1.14), 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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