AVIGX vs. NPFI
AVIGX (Avantis Core Fixed Income Fund) and NPFI (Nuveen Preferred And Income ETF) are both funds - AVIGX is a Intermediate Core Bond fund managed by Avantis Investors, while NPFI is a Preferred Stock/Convertible Bonds fund actively managed by Nuveen. Over the past year, AVIGX returned 4.49% vs 7.11% for NPFI. At a 0.40 correlation, their price movements are largely independent. AVIGX charges 0.15%/yr vs 0.55%/yr for NPFI.
Performance
AVIGX vs. NPFI - Performance Comparison
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Returns By Period
In the year-to-date period, AVIGX achieves a -0.22% return, which is significantly lower than NPFI's 1.84% return.
AVIGX
- 1D
- -0.24%
- 1M
- 0.48%
- YTD
- -0.22%
- 6M
- 0.26%
- 1Y
- 4.49%
- 3Y*
- 4.29%
- 5Y*
- -0.04%
- 10Y*
- —
NPFI
- 1D
- 0.04%
- 1M
- 0.61%
- YTD
- 1.84%
- 6M
- 2.00%
- 1Y
- 7.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVIGX vs. NPFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVIGX Avantis Core Fixed Income Fund | -0.22% | 8.04% | 3.04% |
NPFI Nuveen Preferred And Income ETF | 1.84% | 9.21% | 6.37% |
Correlation
The correlation between AVIGX and NPFI is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024 | 0.40 |
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Return for Risk
AVIGX vs. NPFI — Risk / Return Rank
AVIGX
NPFI
AVIGX vs. NPFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Fixed Income Fund (AVIGX) and Nuveen Preferred And Income ETF (NPFI). 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 | NPFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.55 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.25 | -0.68 |
| Martin ratioReturn relative to average drawdown | 4.48 | 10.81 | -6.33 |
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Drawdowns
AVIGX vs. NPFI - Drawdown Comparison
The maximum AVIGX drawdown since its inception was -19.39%, which is greater than NPFI's maximum drawdown of -3.18%. Use the drawdown chart below to compare losses from any high point for AVIGX and NPFI.
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Drawdown Indicators
| AVIGX | NPFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.39% | -3.18% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -3.18% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -6.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.39% | — | — |
Current DrawdownCurrent decline from peak | -2.08% | -0.03% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -0.33% | -7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.66% | +0.40% |
Volatility
AVIGX vs. NPFI - Volatility Comparison
Avantis Core Fixed Income Fund (AVIGX) has a higher volatility of 1.25% compared to Nuveen Preferred And Income ETF (NPFI) at 0.64%. This indicates that AVIGX's price experiences larger fluctuations and is considered to be riskier than NPFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVIGX | NPFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.64% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 2.56% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 2.95% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.20% | 2.94% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.07% | 2.94% | +3.13% |
AVIGX vs. NPFI - Expense Ratio Comparison
AVIGX has a 0.15% expense ratio, which is lower than NPFI's 0.55% expense ratio.
Dividends
AVIGX vs. NPFI - Dividend Comparison
AVIGX's dividend yield for the trailing twelve months is around 4.44%, less than NPFI's 6.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AVIGX Avantis Core Fixed Income Fund | 4.44% | 4.45% | 4.97% | 2.92% | 3.01% | 0.79% |
NPFI Nuveen Preferred And Income ETF | 6.39% | 6.33% | 5.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVIGX and NPFI have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVIGX has higher volatility (1.25%) compared to NPFI (0.64%). In terms of maximum drawdown, AVIGX dropped -19.39% vs NPFI's -3.18%.
NPFI currently has the higher Sharpe Ratio (2.43 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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