AVNM vs. VCLT

Last updated Jun 18, 2026

AVNM (Avantis All International Markets Equity ETF) and VCLT (Vanguard Long-Term Corporate Bond ETF) are both exchange-traded funds - AVNM is a Foreign Large Cap Equities fund actively managed by Avantis, while VCLT is a Corporate Bonds fund tracking the Bloomberg U.S. 10+ Year Corporate Bond Index. AVNM is actively managed, while VCLT is passively managed. Over the past year, AVNM returned 35.12% vs 6.63% for VCLT. At a 0.39 correlation, their price movements are largely independent. AVNM charges 0.31%/yr vs 0.03%/yr for VCLT.

Performance

AVNM vs. VCLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All International Markets Equity ETF (AVNM) and Vanguard Long-Term Corporate Bond ETF (VCLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVNM achieves a 14.94% return, which is significantly higher than VCLT's 1.37% return.

AVNM

• 1D: -0.65%
• 1M: 2.62%
• YTD: 14.94%
• 6M: 17.92%
• 1Y: 35.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VCLT

• 1D: -0.16%
• 1M: 2.66%
• YTD: 1.37%
• 6M: 1.50%
• 1Y: 6.63%
• 3Y*: 4.12%
• 5Y*: -2.36%
• 10Y*: 2.26%

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

AVNM vs. VCLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVNM Avantis All International Markets Equity ETF	14.94%	38.30%	5.52%	8.60%
VCLT Vanguard Long-Term Corporate Bond ETF	1.37%	7.18%	-1.90%	5.32%

Correlation

The correlation between AVNM and VCLT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.39

Return for Risk

AVNM vs. VCLT — Risk / Return Rank

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

AVNM

AVNM Risk / Return Rank: 72
AVNM Sharpe Ratio Rank: 76
AVNM Sortino Ratio Rank: 72
AVNM Omega Ratio Rank: 76
AVNM Calmar Ratio Rank: 65
AVNM Martin Ratio Rank: 68

VCLT

VCLT Risk / Return Rank: 24
VCLT Sharpe Ratio Rank: 24
VCLT Sortino Ratio Rank: 23
VCLT Omega Ratio Rank: 23
VCLT Calmar Ratio Rank: 27
VCLT Martin Ratio Rank: 24

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.

AVNM vs. VCLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All International Markets Equity ETF (AVNM) and Vanguard Long-Term Corporate Bond ETF (VCLT). 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.

	AVNM	VCLT	Difference
Sharpe ratio: Return per unit of total volatility	2.25	0.85	+1.39
Sortino ratio: Return per unit of downside risk	2.99	1.26	+1.74
Omega ratio: Gain probability vs. loss probability	1.41	1.15	+0.26
Calmar ratio: Return relative to maximum drawdown	3.04	1.27	+1.78
Martin ratio: Return relative to average drawdown	11.71	3.07	+8.63

AVNM vs. VCLT - Sharpe Ratio Comparison

The current AVNM Sharpe Ratio is 2.25, which is higher than the VCLT Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of AVNM and VCLT, 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

AVNM vs. VCLT - Drawdown Comparison

The maximum AVNM drawdown since its inception was -14.03%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for AVNM and VCLT.

Drawdown Indicators

	AVNM	VCLT	Difference
Max Drawdown Largest peak-to-trough decline	-14.03%	-34.31%	+20.28%
Max Drawdown (1Y) Largest decline over 1 year	-11.59%	-5.25%	-6.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.31%	—
Current Drawdown Current decline from peak	-1.03%	-14.04%	+13.01%
Average Drawdown Average peak-to-trough decline	-2.54%	-8.17%	+5.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.16%	+0.85%

Volatility

AVNM vs. VCLT - Volatility Comparison

Avantis All International Markets Equity ETF (AVNM) has a higher volatility of 6.55% compared to Vanguard Long-Term Corporate Bond ETF (VCLT) at 2.21%. This indicates that AVNM's price experiences larger fluctuations and is considered to be riskier than VCLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVNM	VCLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	2.21%	+4.34%
Volatility (6M) Calculated over the trailing 6-month period	13.73%	5.83%	+7.90%
Volatility (1Y) Calculated over the trailing 1-year period	15.76%	7.83%	+7.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.11%	12.77%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.11%	12.85%	+2.26%

AVNM vs. VCLT - Expense Ratio Comparison

AVNM has a 0.31% expense ratio, which is higher than VCLT's 0.03% expense ratio.

Dividends

AVNM vs. VCLT - Dividend Comparison

AVNM's dividend yield for the trailing twelve months is around 3.54%, less than VCLT's 5.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVNM Avantis All International Markets Equity ETF	3.54%	2.76%	3.51%	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VCLT Vanguard Long-Term Corporate Bond ETF	5.52%	5.51%	5.19%	4.67%	4.44%	3.07%	3.16%	3.81%	4.55%	4.01%	4.33%	4.68%

Frequently Asked Questions

Can I hold both AVNM and VCLT in my portfolio?

AVNM and VCLT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVNM or VCLT?

AVNM has higher volatility (6.55%) compared to VCLT (2.21%). In terms of maximum drawdown, AVNM dropped -14.03% vs VCLT's -34.31%.

Which ETF is better, AVNM or VCLT?

On 1-year performance, AVNM leads with 35.12% vs 6.63% for VCLT. On fees, VCLT is cheaper at 0.03% per year. On volatility, VCLT has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVNM or VCLT?

Over the 1-year period, AVNM has performed better with a 35.12% return vs 6.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVNM or VCLT?

VCLT is cheaper with a 0.03% expense ratio, compared with 0.31% for AVNM.

Which ETF pays a higher dividend yield, AVNM or VCLT?

VCLT has the higher dividend yield at 5.52%, compared with 3.54% for AVNM.

What is the main difference between AVNM and VCLT?

AVNM is categorized as Foreign Large Cap Equities, while VCLT is Corporate Bonds. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.31% for AVNM and 0.03% for VCLT.

Which has better risk-adjusted returns?

AVNM currently has the higher Sharpe Ratio (2.25 vs 0.85), 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.