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IHY vs. AVIG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

IHY vs. AVIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors International High Yield Bond ETF (IHY) and Avantis Core Fixed Income ETF (AVIG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IHY achieves a 0.65% return, which is significantly higher than AVIG's 0.23% return.


IHY

1D
-0.18%
1M
0.01%
YTD
0.65%
6M
0.37%
1Y
4.89%
3Y*
8.50%
5Y*
1.72%
10Y*
4.19%

AVIG

1D
0.12%
1M
0.51%
YTD
0.23%
6M
0.39%
1Y
4.51%
3Y*
4.46%
5Y*
0.10%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHY vs. AVIG - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
IHY
VanEck Vectors International High Yield Bond ETF
0.65%13.39%3.55%12.11%-14.34%-2.82%6.47%
AVIG
Avantis Core Fixed Income ETF
0.23%7.98%1.55%6.41%-13.94%-2.15%0.86%

Correlation

The correlation between IHY and AVIG is 0.57, 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

0.57

Correlation (3Y)
Calculated over the trailing 3-year period

0.52

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Oct 15, 2020

0.44

The correlation between IHY and AVIG shifts across timeframes, from 0.44 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.

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Return for Risk

IHY vs. AVIG — Risk / Return Rank

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

IHY
IHY Risk / Return Rank: 2626
Overall Rank
IHY Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
IHY Sortino Ratio Rank: 2727
Sortino Ratio Rank
IHY Omega Ratio Rank: 2525
Omega Ratio Rank
IHY Calmar Ratio Rank: 2323
Calmar Ratio Rank
IHY Martin Ratio Rank: 2828
Martin Ratio Rank

AVIG
AVIG Risk / Return Rank: 3333
Overall Rank
AVIG Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
AVIG Sortino Ratio Rank: 3434
Sortino Ratio Rank
AVIG Omega Ratio Rank: 3232
Omega Ratio Rank
AVIG Calmar Ratio Rank: 3434
Calmar Ratio Rank
AVIG Martin Ratio Rank: 3333
Martin Ratio Rank
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.

IHY vs. AVIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors International High Yield Bond ETF (IHY) and Avantis Core Fixed Income ETF (AVIG). 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.


IHYAVIGDifference
Sharpe ratioReturn per unit of total volatility

-0.28

Sortino ratioReturn per unit of downside risk

-0.35

Omega ratioGain probability vs. loss probability

1.16

1.21

-0.04

Calmar ratioReturn relative to maximum drawdown

1.03

1.61

-0.57

Martin ratioReturn relative to average drawdown

3.67

4.56

-0.89

IHY vs. AVIG - Sharpe Ratio Comparison

The current IHY Sharpe Ratio is 0.91, which is comparable to the AVIG Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of IHY and AVIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

IHY vs. AVIG - Drawdown Comparison

The maximum IHY drawdown since its inception was -27.63%, which is greater than AVIG's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for IHY and AVIG.


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Drawdown Indicators


IHYAVIGDifference

Max Drawdown

Largest peak-to-trough decline

-27.63%

-19.64%

-7.99%

Max Drawdown (1Y)

Largest decline over 1 year

-4.75%

-2.82%

-1.93%

Max Drawdown (3Y)

Largest decline over 3 years

-4.75%

-6.03%

+1.28%

Max Drawdown (5Y)

Largest decline over 5 years

-26.91%

-19.47%

-7.44%

Max Drawdown (10Y)

Largest decline over 10 years

-27.63%

Current Drawdown

Current decline from peak

-1.41%

-1.52%

+0.11%

Average Drawdown

Average peak-to-trough decline

-5.26%

-7.69%

+2.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.34%

0.99%

+0.35%

Volatility

IHY vs. AVIG - Volatility Comparison

VanEck Vectors International High Yield Bond ETF (IHY) has a higher volatility of 1.46% compared to Avantis Core Fixed Income ETF (AVIG) at 1.15%. This indicates that IHY's price experiences larger fluctuations and is considered to be riskier than AVIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


IHYAVIGDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.46%

1.15%

+0.31%

Volatility (6M)

Calculated over the trailing 6-month period

4.03%

2.96%

+1.07%

Volatility (1Y)

Calculated over the trailing 1-year period

5.42%

3.83%

+1.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.75%

6.24%

+1.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.65%

5.99%

+1.66%

IHY vs. AVIG - Expense Ratio Comparison

IHY has a 0.40% expense ratio, which is higher than AVIG's 0.15% expense ratio.


Dividends

IHY vs. AVIG - Dividend Comparison

IHY's dividend yield for the trailing twelve months is around 5.71%, more than AVIG's 4.37% yield.


PositionTTM20252024202320222021202020192018201720162015
AVIG
Avantis Core Fixed Income ETF
4.37%4.36%4.66%4.06%2.53%1.12%0.22%0.00%0.00%0.00%0.00%0.00%
IHY
VanEck Vectors International High Yield Bond ETF
5.71%5.31%5.60%5.26%4.97%4.55%4.65%4.86%4.70%4.36%5.11%5.79%

Frequently Asked Questions


IHY and AVIG have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHY has higher volatility (1.46%) compared to AVIG (1.15%). In terms of maximum drawdown, IHY dropped -27.63% vs AVIG's -19.64%.

On 5-year performance, IHY leads with 1.72% vs 0.10% for AVIG. On fees, AVIG is cheaper at 0.15% per year. On volatility, AVIG has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IHY has performed better with a 1.72% return vs 0.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AVIG is cheaper with a 0.15% expense ratio, compared with 0.40% for IHY.

IHY has the higher dividend yield at 5.71%, compared with 4.37% for AVIG.

IHY is categorized as High Yield Bonds, while AVIG is Intermediate Core Bond. They also come from different issuers: VanEck and Avantis. Their fees differ too: 0.40% for IHY and 0.15% for AVIG.

AVIG currently has the higher Sharpe Ratio (1.18 vs 0.91), 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.

Portfolio Optimizer

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