AVMU vs. CA
Compare and contrast key facts about Avantis Core Municipal Fixed Income ETF (AVMU) and Xtrackers California Municipal Bond ETF (CA).
AVMU and CA 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. CA is a passively managed fund by Xtrackers that tracks the performance of the ICE AMT-Free Broad Liquid California Municipal Index - Benchmark TR Gross. It was launched on Dec 13, 2023.
Performance
AVMU vs. CA - Performance Comparison
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AVMU vs. CA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AVMU Avantis Core Municipal Fixed Income ETF | -0.21% | 3.87% | 1.72% | 0.72% |
CA Xtrackers California Municipal Bond ETF | -0.08% | 3.05% | 1.51% | 0.79% |
Returns By Period
In the year-to-date period, AVMU achieves a -0.21% return, which is significantly lower than CA's -0.08% return.
AVMU
- 1D
- 0.14%
- 1M
- -2.17%
- YTD
- -0.21%
- 6M
- 2.23%
- 1Y
- 4.12%
- 3Y*
- 2.74%
- 5Y*
- 0.81%
- 10Y*
- —
CA
- 1D
- 0.38%
- 1M
- -2.00%
- YTD
- -0.08%
- 6M
- 1.22%
- 1Y
- 3.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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AVMU vs. CA - Expense Ratio Comparison
AVMU has a 0.15% expense ratio, which is higher than CA's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
AVMU vs. CA — Risk / Return Rank
AVMU
CA
AVMU vs. CA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Municipal Fixed Income ETF (AVMU) and Xtrackers California Municipal Bond ETF (CA). 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 | CA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.89 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.17 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.17 | -0.25 |
Martin ratioReturn relative to average drawdown | 2.83 | 3.35 | -0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVMU | CA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.89 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.57 | -0.42 |
Correlation
The correlation between AVMU and CA 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. CA - Dividend Comparison
AVMU's dividend yield for the trailing twelve months is around 3.28%, more than CA's 3.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVMU Avantis Core Municipal Fixed Income ETF | 3.28% | 3.50% | 3.32% | 2.50% | 1.29% | 0.77% |
CA Xtrackers California Municipal Bond ETF | 2.93% | 3.14% | 3.03% | 0.00% | 0.00% | 0.00% |
Drawdowns
AVMU vs. CA - Drawdown Comparison
The maximum AVMU drawdown since its inception was -12.41%, which is greater than CA's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for AVMU and CA.
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Drawdown Indicators
| AVMU | CA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.41% | -5.24% | -7.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.88% | -3.67% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -12.41% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -2.00% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -1.30% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.28% | +0.31% |
Volatility
AVMU vs. CA - Volatility Comparison
Avantis Core Municipal Fixed Income ETF (AVMU) has a higher volatility of 1.39% compared to Xtrackers California Municipal Bond ETF (CA) at 1.31%. This indicates that AVMU's price experiences larger fluctuations and is considered to be riskier than CA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVMU | CA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.31% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 1.78% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.35% | 4.40% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.09% | 4.09% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.00% | 4.09% | -0.09% |