IGBH vs. AVNM
IGBH (iShares Interest Rate Hedged Long-Term Corporate Bond ETF) and AVNM (Avantis All International Markets Equity ETF) are both exchange-traded funds - IGBH is a Corporate Bonds fund tracking the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index, while AVNM is a Foreign Large Cap Equities fund actively managed by Avantis. IGBH is passively managed, while AVNM is actively managed. Over the past year, IGBH returned 8.71% vs 35.12% for AVNM. At a 0.48 correlation, their price movements are largely independent. IGBH charges 0.16%/yr vs 0.31%/yr for AVNM.
Performance
IGBH vs. AVNM - Performance Comparison
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Returns By Period
In the year-to-date period, IGBH achieves a 2.23% return, which is significantly lower than AVNM's 14.94% return.
IGBH
- 1D
- -0.08%
- 1M
- 0.56%
- YTD
- 2.23%
- 6M
- 2.81%
- 1Y
- 8.71%
- 3Y*
- 8.41%
- 5Y*
- 5.24%
- 10Y*
- 5.04%
AVNM
- 1D
- -0.65%
- 1M
- 2.62%
- YTD
- 14.94%
- 6M
- 17.92%
- 1Y
- 35.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGBH vs. AVNM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 2.23% | 7.90% | 7.80% | 7.22% |
AVNM Avantis All International Markets Equity ETF | 14.94% | 38.30% | 5.52% | 8.60% |
Correlation
The correlation between IGBH and AVNM is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.48 |
The correlation between IGBH and AVNM has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
IGBH vs. AVNM — Risk / Return Rank
IGBH
AVNM
IGBH vs. AVNM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) and Avantis All International Markets Equity ETF (AVNM). 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.
| IGBH | AVNM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.04 | -0.98 |
| Martin ratioReturn relative to average drawdown | 7.58 | 11.71 | -4.12 |
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Drawdowns
IGBH vs. AVNM - Drawdown Comparison
The maximum IGBH drawdown since its inception was -33.67%, which is greater than AVNM's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for IGBH and AVNM.
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Drawdown Indicators
| IGBH | AVNM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -14.03% | -19.64% |
Max Drawdown (1Y)Largest decline over 1 year | -4.24% | -11.59% | +7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -1.03% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -2.54% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 3.01% | -1.86% |
Volatility
IGBH vs. AVNM - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is 0.80%, while Avantis All International Markets Equity ETF (AVNM) has a volatility of 6.55%. This indicates that IGBH experiences smaller price fluctuations and is considered to be less risky than AVNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBH | AVNM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 6.55% | -5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 13.73% | -10.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 15.76% | -11.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.11% | 15.11% | -9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 15.11% | -5.91% |
IGBH vs. AVNM - Expense Ratio Comparison
IGBH has a 0.16% expense ratio, which is lower than AVNM's 0.31% expense ratio.
Dividends
IGBH vs. AVNM - Dividend Comparison
IGBH's dividend yield for the trailing twelve months is around 5.67%, more than AVNM's 3.54% 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% |
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 5.67% | 6.23% | 6.88% | 7.32% | 3.84% | 2.71% | 2.39% | 3.40% | 5.56% | 2.87% | 2.62% | 1.12% |
Frequently Asked Questions
IGBH and AVNM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVNM has higher volatility (6.55%) compared to IGBH (0.80%). In terms of maximum drawdown, IGBH dropped -33.67% vs AVNM's -14.03%.
On 1-year performance, AVNM leads with 35.12% vs 8.71% for IGBH. On fees, IGBH is cheaper at 0.16% per year. On volatility, IGBH has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AVNM has performed better with a 35.12% return vs 8.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGBH is cheaper with a 0.16% expense ratio, compared with 0.31% for AVNM.
IGBH has the higher dividend yield at 5.67%, compared with 3.54% for AVNM.
IGBH is categorized as Corporate Bonds, while AVNM is Foreign Large Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.16% for IGBH and 0.31% for AVNM.
AVNM currently has the higher Sharpe Ratio (2.25 vs 2.17), 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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