IGSB vs. AVDE
IGSB (iShares Short-Term Corporate Bond ETF) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - IGSB is a Corporate Bonds fund tracking the ICE BofAML 1-5 Year US Corporate Index, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. IGSB is passively managed, while AVDE is actively managed. Over the past 5 years, IGSB returned 2.36%/yr vs 9.61%/yr for AVDE. At a 0.30 correlation, their price movements are largely independent. IGSB charges 0.06%/yr vs 0.23%/yr for AVDE.
Performance
IGSB vs. AVDE - Performance Comparison
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Returns By Period
In the year-to-date period, IGSB achieves a 0.52% return, which is significantly lower than AVDE's 8.71% return.
IGSB
- 1D
- 0.04%
- 1M
- -0.25%
- YTD
- 0.52%
- 6M
- 1.00%
- 1Y
- 4.70%
- 3Y*
- 5.70%
- 5Y*
- 2.36%
- 10Y*
- 2.71%
AVDE
- 1D
- 0.36%
- 1M
- -1.91%
- YTD
- 8.71%
- 6M
- 11.46%
- 1Y
- 25.00%
- 3Y*
- 19.31%
- 5Y*
- 9.61%
- 10Y*
- —
IGSB vs. AVDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGSB iShares Short-Term Corporate Bond ETF | 0.52% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 5.37% | 0.99% |
AVDE Avantis International Equity ETF | 8.71% | 38.05% | 4.88% | 17.18% | -13.68% | 13.62% | 8.26% | 8.07% |
Correlation
The correlation between IGSB and AVDE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.30 |
The correlation between IGSB and AVDE shifts across timeframes, from 0.30 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGSB vs. AVDE — Risk / Return Rank
IGSB
AVDE
IGSB vs. AVDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term Corporate Bond ETF (IGSB) and Avantis International Equity ETF (AVDE). 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.
| IGSB | AVDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.31 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 2.19 | +1.05 |
| Martin ratioReturn relative to average drawdown | 13.12 | 8.59 | +4.53 |
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
| IGSB | AVDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 1.71 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.59 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.63 | +0.07 |
Drawdowns
IGSB vs. AVDE - Drawdown Comparison
The maximum IGSB drawdown since its inception was -13.38%, smaller than the maximum AVDE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for IGSB and AVDE.
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Drawdown Indicators
| IGSB | AVDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -36.99% | +23.61% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -11.48% | +10.02% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -13.46% | +12.00% |
Max Drawdown (5Y)Largest decline over 5 years | -9.46% | -28.73% | +19.27% |
Max Drawdown (10Y)Largest decline over 10 years | -13.38% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -3.02% | +2.51% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -6.16% | +5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 2.92% | -2.56% |
Volatility
IGSB vs. AVDE - Volatility Comparison
The current volatility for iShares Short-Term Corporate Bond ETF (IGSB) is 0.61%, while Avantis International Equity ETF (AVDE) has a volatility of 4.67%. This indicates that IGSB experiences smaller price fluctuations and is considered to be less risky than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGSB | AVDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 4.67% | -4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.44% | 12.43% | -10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.91% | 14.75% | -12.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 16.33% | -13.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 18.92% | -15.45% |
IGSB vs. AVDE - Expense Ratio Comparison
IGSB has a 0.06% expense ratio, which is lower than AVDE'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
IGSB vs. AVDE - Dividend Comparison
IGSB's dividend yield for the trailing twelve months is around 4.59%, more than AVDE's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 2.56% | 2.66% | 3.29% | 3.01% | 2.79% | 2.46% | 1.63% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
IGSB iShares Short-Term Corporate Bond ETF | 4.59% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
Frequently Asked Questions
IGSB and AVDE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVDE has higher volatility (4.67%) compared to IGSB (0.61%). In terms of maximum drawdown, IGSB dropped -13.38% vs AVDE's -36.99%.
On 5-year performance, AVDE leads with 9.61% vs 2.36% for IGSB. On fees, IGSB is cheaper at 0.06% per year. On volatility, IGSB has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVDE has performed better with a 9.61% return vs 2.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGSB is cheaper with a 0.06% expense ratio, compared with 0.23% for AVDE.
IGSB has the higher dividend yield at 4.59%, compared with 2.56% for AVDE.
IGSB is categorized as Corporate Bonds, while AVDE is Foreign Large Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.06% for IGSB and 0.23% for AVDE.
IGSB currently has the higher Sharpe Ratio (2.47 vs 1.71), 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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