AVSF vs. AVGE

Last updated Jun 4, 2026

AVSF (Avantis Short-Term Fixed Income ETF) and AVGE (Avantis All Equity Markets ETF) are both exchange-traded funds - AVSF is a Short-Term Bond fund actively managed by Avantis, while AVGE is a Global Equities fund tracking the MSCI AC World IMI. AVSF is actively managed, while AVGE is passively managed. Over the past 3 years, AVSF returned 4.80%/yr vs 21.61%/yr for AVGE. At a 0.23 correlation, their price movements are largely independent. AVSF charges 0.15%/yr vs 0.23%/yr for AVGE.

Performance

AVSF vs. AVGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Short-Term Fixed Income ETF (AVSF) and Avantis All Equity Markets ETF (AVGE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVSF achieves a 0.43% return, which is significantly lower than AVGE's 15.58% return.

AVSF

• 1D: -0.09%
• 1M: 0.10%
• YTD: 0.43%
• 6M: 0.72%
• 1Y: 4.02%
• 3Y*: 4.80%
• 5Y*: 1.83%
• 10Y*: —

AVGE

• 1D: -0.58%
• 1M: 4.37%
• YTD: 15.58%
• 6M: 16.71%
• 1Y: 33.84%
• 3Y*: 21.61%
• 5Y*: —
• 10Y*: —

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

AVSF vs. AVGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVSF Avantis Short-Term Fixed Income ETF	0.43%	6.57%	3.81%	5.25%	1.28%
AVGE Avantis All Equity Markets ETF	15.58%	20.84%	13.96%	19.04%	11.18%

Correlation

The correlation between AVSF and AVGE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022	0.23

Return for Risk

AVSF vs. AVGE — Risk / Return Rank

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

AVSF

AVSF Risk / Return Rank: 64
AVSF Sharpe Ratio Rank: 64
AVSF Sortino Ratio Rank: 72
AVSF Omega Ratio Rank: 67
AVSF Calmar Ratio Rank: 57
AVSF Martin Ratio Rank: 60

AVGE

AVGE Risk / Return Rank: 81
AVGE Sharpe Ratio Rank: 82
AVGE Sortino Ratio Rank: 83
AVGE Omega Ratio Rank: 81
AVGE Calmar Ratio Rank: 77
AVGE Martin Ratio Rank: 83

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.

AVSF vs. AVGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Short-Term Fixed Income ETF (AVSF) and Avantis All Equity Markets ETF (AVGE). 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.

	AVSF	AVGE	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.73	-0.58
Sortino ratio: Return per unit of downside risk	3.28	3.77	-0.48
Omega ratio: Gain probability vs. loss probability	1.40	1.50	-0.09
Calmar ratio: Return relative to maximum drawdown	2.85	3.95	-1.10
Martin ratio: Return relative to average drawdown	10.80	16.91	-6.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVSF vs. AVGE - Sharpe Ratio Comparison

The current AVSF Sharpe Ratio is 2.15, which is comparable to the AVGE Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of AVSF and AVGE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVSF	AVGE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.73	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.49	-0.82

Drawdowns

AVSF vs. AVGE - Drawdown Comparison

The maximum AVSF drawdown since its inception was -8.85%, smaller than the maximum AVGE drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for AVSF and AVGE.

Drawdown Indicators

	AVSF	AVGE	Difference
Max Drawdown Largest peak-to-trough decline	-8.85%	-17.13%	+8.28%
Max Drawdown (1Y) Largest decline over 1 year	-1.42%	-8.60%	+7.18%
Max Drawdown (3Y) Largest decline over 3 years	-1.42%	-17.13%	+15.71%
Max Drawdown (5Y) Largest decline over 5 years	-8.85%	—	—
Current Drawdown Current decline from peak	-0.55%	-0.58%	+0.03%
Average Drawdown Average peak-to-trough decline	-2.20%	-2.41%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	2.01%	-1.64%

Volatility

AVSF vs. AVGE - Volatility Comparison

The current volatility for Avantis Short-Term Fixed Income ETF (AVSF) is 0.56%, while Avantis All Equity Markets ETF (AVGE) has a volatility of 3.58%. This indicates that AVSF experiences smaller price fluctuations and is considered to be less risky than AVGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVSF	AVGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	3.58%	-3.02%
Volatility (6M) Calculated over the trailing 6-month period	1.35%	9.69%	-8.34%
Volatility (1Y) Calculated over the trailing 1-year period	1.88%	12.46%	-10.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.65%	15.19%	-12.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.52%	15.19%	-12.67%

AVSF vs. AVGE - Expense Ratio Comparison

AVSF has a 0.15% expense ratio, which is lower than AVGE's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVSF vs. AVGE - Dividend Comparison

AVSF's dividend yield for the trailing twelve months is around 4.02%, more than AVGE's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AVGE Avantis All Equity Markets ETF	1.61%	1.67%	1.92%	1.93%	0.74%	0.00%	0.00%
AVSF Avantis Short-Term Fixed Income ETF	4.02%	4.31%	4.34%	3.93%	1.78%	0.48%	0.10%

Frequently Asked Questions

Can I hold both AVSF and AVGE in my portfolio?

AVSF and AVGE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVSF or AVGE?

AVGE has higher volatility (3.58%) compared to AVSF (0.56%). In terms of maximum drawdown, AVSF dropped -8.85% vs AVGE's -17.13%.

Which ETF is better, AVSF or AVGE?

On 3-year performance, AVGE leads with 21.61% vs 4.80% for AVSF. On fees, AVSF is cheaper at 0.15% per year. On volatility, AVSF has been the lower-risk option at 0.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVSF or AVGE?

Over the 3-year period, AVGE has performed better with a 21.61% return vs 4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVSF or AVGE?

AVSF is cheaper with a 0.15% expense ratio, compared with 0.23% for AVGE.

Which ETF pays a higher dividend yield, AVSF or AVGE?

AVSF has the higher dividend yield at 4.02%, compared with 1.61% for AVGE.

What is the main difference between AVSF and AVGE?

AVSF is categorized as Short-Term Bond, while AVGE is Global Equities. Their fees differ too: 0.15% for AVSF and 0.23% for AVGE.

Which has better risk-adjusted returns?

AVGE currently has the higher Sharpe Ratio (2.73 vs 2.15), 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.