AVMA vs. VGWIX

Last updated Jun 23, 2026

AVMA (Avantis Moderate Allocation ETF) and VGWIX (Vanguard Global Wellesley Income Fund Investor Shares) are both Diversified Portfolio funds. Over the past year, AVMA returned 24.52% vs 11.12% for VGWIX. A 0.79 correlation means they provide meaningful diversification when combined. AVMA charges 0.21%/yr vs 0.41%/yr for VGWIX.

Performance

AVMA vs. VGWIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Moderate Allocation ETF (AVMA) and Vanguard Global Wellesley Income Fund Investor Shares (VGWIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVMA achieves a 11.22% return, which is significantly higher than VGWIX's 4.39% return.

AVMA

• 1D: 0.10%
• 1M: 1.65%
• YTD: 11.22%
• 6M: 10.95%
• 1Y: 24.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGWIX

• 1D: 0.12%
• 1M: 0.32%
• YTD: 4.39%
• 6M: 4.57%
• 1Y: 11.12%
• 3Y*: 9.48%
• 5Y*: 5.08%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVMA vs. VGWIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVMA Avantis Moderate Allocation ETF	11.22%	16.72%	10.01%	8.36%
VGWIX Vanguard Global Wellesley Income Fund Investor Shares	4.39%	13.18%	6.02%	5.21%

Correlation

The correlation between AVMA and VGWIX is 0.78, 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	0.78
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.79

The correlation between AVMA and VGWIX has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

Return for Risk

AVMA vs. VGWIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVMA

AVMA Risk / Return Rank: 83
AVMA Sharpe Ratio Rank: 85
AVMA Sortino Ratio Rank: 87
AVMA Omega Ratio Rank: 85
AVMA Calmar Ratio Rank: 77
AVMA Martin Ratio Rank: 83

VGWIX

VGWIX Risk / Return Rank: 57
VGWIX Sharpe Ratio Rank: 62
VGWIX Sortino Ratio Rank: 66
VGWIX Omega Ratio Rank: 66
VGWIX Calmar Ratio Rank: 43
VGWIX Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVMA vs. VGWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Moderate Allocation ETF (AVMA) and Vanguard Global Wellesley Income Fund Investor Shares (VGWIX). 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.

	AVMA	VGWIX	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.13	+0.50
Sortino ratio: Return per unit of downside risk	3.75	3.08	+0.67
Omega ratio: Gain probability vs. loss probability	1.49	1.41	+0.09
Calmar ratio: Return relative to maximum drawdown	3.85	2.40	+1.44
Martin ratio: Return relative to average drawdown	16.15	9.05	+7.11

AVMA vs. VGWIX - Sharpe Ratio Comparison

The current AVMA Sharpe Ratio is 2.63, which is comparable to the VGWIX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of AVMA and VGWIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVMA vs. VGWIX - Drawdown Comparison

The maximum AVMA drawdown since its inception was -11.81%, smaller than the maximum VGWIX drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for AVMA and VGWIX.

Drawdown Indicators

	AVMA	VGWIX	Difference
Max Drawdown Largest peak-to-trough decline	-11.81%	-17.74%	+5.93%
Max Drawdown (1Y) Largest decline over 1 year	-6.40%	-4.59%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.95%	—
Current Drawdown Current decline from peak	-0.22%	-0.50%	+0.28%
Average Drawdown Average peak-to-trough decline	-1.54%	-2.68%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	1.22%	+0.30%

Volatility

AVMA vs. VGWIX - Volatility Comparison

Avantis Moderate Allocation ETF (AVMA) has a higher volatility of 3.26% compared to Vanguard Global Wellesley Income Fund Investor Shares (VGWIX) at 1.60%. This indicates that AVMA's price experiences larger fluctuations and is considered to be riskier than VGWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMA	VGWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	1.60%	+1.66%
Volatility (6M) Calculated over the trailing 6-month period	7.55%	4.23%	+3.32%
Volatility (1Y) Calculated over the trailing 1-year period	9.37%	5.18%	+4.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.35%	6.26%	+4.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.35%	6.79%	+3.56%

AVMA vs. VGWIX - Expense Ratio Comparison

AVMA has a 0.21% expense ratio, which is lower than VGWIX's 0.41% expense ratio.

Dividends

AVMA vs. VGWIX - Dividend Comparison

AVMA's dividend yield for the trailing twelve months is around 3.00%, less than VGWIX's 3.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVMA Avantis Moderate Allocation ETF	3.00%	2.21%	2.28%	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGWIX Vanguard Global Wellesley Income Fund Investor Shares	3.85%	3.88%	3.77%	3.03%	1.41%	2.27%	1.89%	2.17%	4.25%	0.29%

Frequently Asked Questions

Can I hold both AVMA and VGWIX in my portfolio?

AVMA and VGWIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVMA or VGWIX?

AVMA has higher volatility (3.26%) compared to VGWIX (1.60%). In terms of maximum drawdown, AVMA dropped -11.81% vs VGWIX's -17.74%.

Which has better risk-adjusted returns?

AVMA currently has the higher Sharpe Ratio (2.63 vs 2.13), 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.