BND vs. AVEM
BND (Vanguard Total Bond Market ETF) and AVEM (Avantis Emerging Markets Equity ETF) are both exchange-traded funds - BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while AVEM is a Emerging Markets Equities fund actively managed by Avantis. BND is passively managed, while AVEM is actively managed. Over the past 5 years, BND returned 0.03%/yr vs 9.66%/yr for AVEM. At a 0.11 correlation, their price movements are largely independent. BND charges 0.03%/yr vs 0.33%/yr for AVEM.
Performance
BND vs. AVEM - Performance Comparison
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Returns By Period
In the year-to-date period, BND achieves a 0.52% return, which is significantly lower than AVEM's 25.08% return.
BND
- 1D
- -0.12%
- 1M
- 0.42%
- YTD
- 0.52%
- 6M
- 0.91%
- 1Y
- 4.40%
- 3Y*
- 4.17%
- 5Y*
- 0.03%
- 10Y*
- 1.58%
AVEM
- 1D
- 0.42%
- 1M
- 1.46%
- YTD
- 25.08%
- 6M
- 27.86%
- 1Y
- 45.20%
- 3Y*
- 24.04%
- 5Y*
- 9.66%
- 10Y*
- —
BND vs. AVEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 0.52% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 0.98% |
AVEM Avantis Emerging Markets Equity ETF | 25.08% | 34.48% | 7.49% | 15.30% | -18.15% | 5.16% | 14.39% | 10.40% |
Correlation
The correlation between BND and AVEM is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | 0.11 |
Over the past year, BND and AVEM have become more correlated (0.34) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
BND vs. AVEM — Risk / Return Rank
BND
AVEM
BND vs. AVEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Avantis Emerging Markets Equity ETF (AVEM). 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.
| BND | AVEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.46 | -1.81 |
| Martin ratioReturn relative to average drawdown | 4.81 | 13.15 | -8.35 |
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Drawdowns
BND vs. AVEM - Drawdown Comparison
The maximum BND drawdown since its inception was -18.58%, smaller than the maximum AVEM drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for BND and AVEM.
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Drawdown Indicators
| BND | AVEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -36.05% | +17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -13.13% | +10.45% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -18.02% | +12.10% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -33.88% | +15.97% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | — | — |
Current DrawdownCurrent decline from peak | -2.12% | -3.33% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -10.07% | +7.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 3.45% | -2.53% |
Volatility
BND vs. AVEM - Volatility Comparison
The current volatility for Vanguard Total Bond Market ETF (BND) is 1.28%, while Avantis Emerging Markets Equity ETF (AVEM) has a volatility of 10.91%. This indicates that BND experiences smaller price fluctuations and is considered to be less risky than AVEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BND | AVEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 10.91% | -9.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 18.79% | -16.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 21.17% | -17.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 18.71% | -12.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 20.76% | -15.23% |
BND vs. AVEM - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is lower than AVEM's 0.33% expense ratio.
Dividends
BND vs. AVEM - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 3.96%, more than AVEM's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEM Avantis Emerging Markets Equity ETF | 2.59% | 2.45% | 3.17% | 3.06% | 2.77% | 2.61% | 1.60% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Frequently Asked Questions
BND and AVEM have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVEM has higher volatility (10.91%) compared to BND (1.28%). In terms of maximum drawdown, BND dropped -18.58% vs AVEM's -36.05%.
On 5-year performance, AVEM leads with 9.66% vs 0.03% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVEM has performed better with a 9.66% return vs 0.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.33% for AVEM.
BND has the higher dividend yield at 3.96%, compared with 2.59% for AVEM.
BND is categorized as Total Bond Market, while AVEM is Emerging Markets Equities. They also come from different issuers: Vanguard and Avantis. Their fees differ too: 0.03% for BND and 0.33% for AVEM.
AVEM currently has the higher Sharpe Ratio (2.15 vs 1.18), 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.
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