AVIV vs. IBHH
AVIV (Avantis International Large Cap Value ETF) and IBHH (iShares iBonds 2028 Term High Yield and Income ETF) are both exchange-traded funds - AVIV is a Foreign Large Cap Equities fund actively managed by Avantis, while IBHH is a High Yield Bonds fund tracking the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. AVIV is actively managed, while IBHH is passively managed. Over the past 3 years, AVIV returned 21.08%/yr vs 8.38%/yr for IBHH. A 0.58 correlation means they provide meaningful diversification when combined. AVIV charges 0.25%/yr vs 0.35%/yr for IBHH.
Performance
AVIV vs. IBHH - Performance Comparison
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Returns By Period
In the year-to-date period, AVIV achieves a 12.69% return, which is significantly higher than IBHH's 1.76% return.
AVIV
- 1D
- 0.56%
- 1M
- 2.69%
- YTD
- 12.69%
- 6M
- 13.58%
- 1Y
- 32.96%
- 3Y*
- 21.08%
- 5Y*
- —
- 10Y*
- —
IBHH
- 1D
- 0.11%
- 1M
- 0.57%
- YTD
- 1.76%
- 6M
- 2.27%
- 1Y
- 6.48%
- 3Y*
- 8.38%
- 5Y*
- —
- 10Y*
- —
AVIV vs. IBHH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AVIV Avantis International Large Cap Value ETF | 12.69% | 41.80% | 4.30% | 18.47% | -2.99% |
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 1.76% | 8.02% | 7.53% | 12.87% | -6.70% |
Correlation
The correlation between AVIV and IBHH is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2022 | 0.58 |
The correlation between AVIV and IBHH has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
AVIV vs. IBHH — Risk / Return Rank
AVIV
IBHH
AVIV vs. IBHH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Large Cap Value ETF (AVIV) and iShares iBonds 2028 Term High Yield and Income ETF (IBHH). 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.
| AVIV | IBHH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.45 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 5.32 | -2.25 |
| Martin ratioReturn relative to average drawdown | 11.98 | 21.24 | -9.26 |
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Drawdowns
AVIV vs. IBHH - Drawdown Comparison
The maximum AVIV drawdown since its inception was -27.69%, which is greater than IBHH's maximum drawdown of -12.05%. Use the drawdown chart below to compare losses from any high point for AVIV and IBHH.
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Drawdown Indicators
| AVIV | IBHH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -12.05% | -15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -1.22% | -9.56% |
Max Drawdown (3Y)Largest decline over 3 years | -14.13% | -4.66% | -9.47% |
Current DrawdownCurrent decline from peak | -0.34% | -0.04% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -2.28% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 0.31% | +2.45% |
Volatility
AVIV vs. IBHH - Volatility Comparison
Avantis International Large Cap Value ETF (AVIV) has a higher volatility of 5.15% compared to iShares iBonds 2028 Term High Yield and Income ETF (IBHH) at 0.70%. This indicates that AVIV's price experiences larger fluctuations and is considered to be riskier than IBHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVIV | IBHH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 0.70% | +4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 2.10% | +10.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.61% | 2.83% | +11.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 7.23% | +9.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 7.23% | +9.69% |
AVIV vs. IBHH - Expense Ratio Comparison
AVIV has a 0.25% expense ratio, which is lower than IBHH's 0.35% expense ratio.
Dividends
AVIV vs. IBHH - Dividend Comparison
AVIV's dividend yield for the trailing twelve months is around 3.92%, less than IBHH's 6.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AVIV Avantis International Large Cap Value ETF | 3.92% | 3.01% | 3.46% | 3.64% | 2.84% | 0.57% |
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 6.26% | 6.39% | 6.93% | 6.65% | 5.36% | 0.00% |
Frequently Asked Questions
AVIV and IBHH have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVIV has higher volatility (5.15%) compared to IBHH (0.70%). In terms of maximum drawdown, AVIV dropped -27.69% vs IBHH's -12.05%.
On 3-year performance, AVIV leads with 21.08% vs 8.38% for IBHH. On fees, AVIV is cheaper at 0.25% per year. On volatility, IBHH has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AVIV has performed better with a 21.08% return vs 8.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVIV is cheaper with a 0.25% expense ratio, compared with 0.35% for IBHH.
IBHH has the higher dividend yield at 6.26%, compared with 3.92% for AVIV.
AVIV is categorized as Foreign Large Cap Equities, while IBHH is High Yield Bonds. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.25% for AVIV and 0.35% for IBHH.
IBHH currently has the higher Sharpe Ratio (2.31 vs 2.27), 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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