AVMU vs. AVIG
Compare and contrast key facts about Avantis Core Municipal Fixed Income ETF (AVMU) and Avantis Core Fixed Income ETF (AVIG).
AVMU and AVIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVMU is an actively managed fund by American Century Investments. It was launched on Dec 8, 2020. AVIG is an actively managed fund by American Century Investments. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVMU or AVIG.
Correlation
The correlation between AVMU and AVIG is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AVMU vs. AVIG - Performance Comparison
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Key characteristics
AVMU:
-0.01
AVIG:
1.00
AVMU:
0.03
AVIG:
1.43
AVMU:
1.00
AVIG:
1.17
AVMU:
-0.01
AVIG:
0.43
AVMU:
-0.02
AVIG:
2.69
AVMU:
1.66%
AVIG:
1.97%
AVMU:
5.66%
AVIG:
5.41%
AVMU:
-12.41%
AVIG:
-19.64%
AVMU:
-3.39%
AVIG:
-7.03%
Returns By Period
In the year-to-date period, AVMU achieves a -1.76% return, which is significantly lower than AVIG's 2.17% return.
AVMU
-1.76%
2.45%
-1.72%
0.02%
N/A
N/A
AVIG
2.17%
1.12%
1.13%
5.60%
N/A
N/A
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AVMU vs. AVIG - Expense Ratio Comparison
Both AVMU and AVIG have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
AVMU vs. AVIG — Risk-Adjusted Performance Rank
AVMU
AVIG
AVMU vs. AVIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Municipal Fixed Income ETF (AVMU) and Avantis Core Fixed Income ETF (AVIG). 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.
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Dividends
AVMU vs. AVIG - Dividend Comparison
AVMU's dividend yield for the trailing twelve months is around 3.51%, less than AVIG's 4.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
AVMU Avantis Core Municipal Fixed Income ETF | 3.51% | 3.33% | 2.51% | 1.29% | 0.77% | 0.00% |
AVIG Avantis Core Fixed Income ETF | 4.60% | 4.66% | 4.06% | 2.53% | 1.12% | 0.22% |
Drawdowns
AVMU vs. AVIG - Drawdown Comparison
The maximum AVMU drawdown since its inception was -12.41%, smaller than the maximum AVIG drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for AVMU and AVIG. For additional features, visit the drawdowns tool.
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Volatility
AVMU vs. AVIG - Volatility Comparison
Avantis Core Municipal Fixed Income ETF (AVMU) has a higher volatility of 2.72% compared to Avantis Core Fixed Income ETF (AVIG) at 1.76%. This indicates that AVMU's price experiences larger fluctuations and is considered to be riskier than AVIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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