AVMU vs. AVIG

Last updated Apr 1, 2026

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. It was launched on Dec 8, 2020. AVIG is an actively managed fund by American Century. It was launched on Oct 13, 2020.

Performance

AVMU vs. AVIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Core Municipal Fixed Income ETF (AVMU) and Avantis Core Fixed Income ETF (AVIG). The values are adjusted to include any dividend payments, if applicable.

AVMU vs. AVIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AVMU Avantis Core Municipal Fixed Income ETF	-0.35%	3.87%	1.72%	5.18%	-7.33%	0.27%	0.19%
AVIG Avantis Core Fixed Income ETF	-0.20%	7.98%	1.55%	6.41%	-13.94%	-2.15%	0.57%

Returns By Period

In the year-to-date period, AVMU achieves a -0.35% return, which is significantly lower than AVIG's -0.20% return.

AVMU

• 1D: 0.55%
• 1M: -2.54%
• YTD: -0.35%
• 6M: 2.24%
• 1Y: 4.36%
• 3Y*: 2.69%
• 5Y*: 0.78%
• 10Y*: —

AVIG

• 1D: 0.34%
• 1M: -1.93%
• YTD: -0.20%
• 6M: 0.90%
• 1Y: 4.89%
• 3Y*: 4.03%
• 5Y*: 0.34%
• 10Y*: —

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

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%.

AVMU

Avantis Core Municipal Fixed Income ETF

AVIG

Avantis Core Fixed Income ETF

Return for Risk

AVMU vs. AVIG — Risk / Return Rank

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

AVMU

AVMU Risk / Return Rank: 41
AVMU Sharpe Ratio Rank: 45
AVMU Sortino Ratio Rank: 38
AVMU Omega Ratio Rank: 52
AVMU Calmar Ratio Rank: 38
AVMU Martin Ratio Rank: 32

AVIG

AVIG Risk / Return Rank: 63
AVIG Sharpe Ratio Rank: 65
AVIG Sortino Ratio Rank: 62
AVIG Omega Ratio Rank: 55
AVIG Calmar Ratio Rank: 73
AVIG Martin Ratio Rank: 60

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.

AVMU vs. AVIG - Risk-Adjusted Trends 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.

	AVMU	AVIG	Difference
Sharpe ratio Return per unit of total volatility	0.82	1.11	-0.29
Sortino ratio Return per unit of downside risk	1.07	1.53	-0.46
Omega ratio Gain probability vs. loss probability	1.20	1.20	0.00
Calmar ratio Return relative to maximum drawdown	0.94	1.82	-0.88
Martin ratio Return relative to average drawdown	2.91	5.77	-2.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVMU vs. AVIG - Sharpe Ratio Comparison

The current AVMU Sharpe Ratio is 0.82, which is comparable to the AVIG Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of AVMU and AVIG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVMU	AVIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	1.11	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.05	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	-0.03	+0.17

Correlation

The correlation between AVMU and AVIG is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AVMU vs. AVIG - Dividend Comparison

AVMU's dividend yield for the trailing twelve months is around 3.56%, less than AVIG's 4.43% yield.

	TTM	2025	2024	2023	2022	2021	2020
AVMU Avantis Core Municipal Fixed Income ETF	3.56%	3.50%	3.32%	2.50%	1.29%	0.77%	0.00%
AVIG Avantis Core Fixed Income ETF	4.43%	4.36%	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.

Drawdown Indicators

	AVMU	AVIG	Difference
Max Drawdown Largest peak-to-trough decline	-12.41%	-19.64%	+7.23%
Max Drawdown (1Y) Largest decline over 1 year	-4.88%	-2.80%	-2.08%
Max Drawdown (5Y) Largest decline over 5 years	-12.41%	-19.47%	+7.06%
Current Drawdown Current decline from peak	-2.54%	-1.93%	-0.61%
Average Drawdown Average peak-to-trough decline	-3.86%	-7.95%	+4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	0.88%	+0.70%

Volatility

AVMU vs. AVIG - Volatility Comparison

The current volatility for Avantis Core Municipal Fixed Income ETF (AVMU) is 1.43%, while Avantis Core Fixed Income ETF (AVIG) has a volatility of 1.83%. This indicates that AVMU experiences smaller price fluctuations and is considered to be less risky than AVIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMU	AVIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	1.83%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	2.06%	2.63%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	5.35%	4.45%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.09%	6.22%	-2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.00%	6.06%	-2.06%