LVIG vs. BIV
LVIG (Longview Advantage Fixed Income ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both Intermediate Core Bond funds. LVIG is actively managed, while BIV is passively managed. Their 0.98 correlation means they have historically moved very closely together. LVIG charges 0.34%/yr vs 0.03%/yr for BIV.
Performance
LVIG vs. BIV - Performance Comparison
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Returns By Period
LVIG
- 1D
- -0.27%
- 1M
- -1.20%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BIV
- 1D
- -0.20%
- 1M
- -1.16%
- 6M
- -0.92%
- YTD
- -0.93%
- 1Y
- 1.39%
- 3Y*
- 4.39%
- 5Y*
- -0.27%
- 10Y*
- 1.66%
- ALL TIME*
- 3.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $97.77M | $127.86M | $122.72M | |
| $481.69K | $627.57K | $390.47K |
LVIG vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LVIG Longview Advantage Fixed Income ETF | -2.31% |
BIV Vanguard Intermediate-Term Bond Index ETF | -1.94% |
Correlation
The correlation between LVIG and BIV is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 10, 2026 | 0.98 |
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Return for Risk
LVIG vs. BIV — Risk / Return Rank
LVIG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BIV
LVIG vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Longview Advantage Fixed Income ETF (LVIG) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| LVIG | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.10 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.77 | — |
| Martin ratioReturn relative to average drawdown | — | 1.84 | — |
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Drawdowns
LVIG vs. BIV - Drawdown Comparison
The maximum LVIG drawdown since its inception was -2.72%, smaller than the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for LVIG and BIV.
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Drawdown Indicators
| LVIG | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.72% | -18.95% | +16.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.95% | — |
Current DrawdownCurrent decline from peak | -2.31% | -2.71% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -3.38% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.32% | — |
Volatility
LVIG vs. BIV - Volatility Comparison
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Volatility by Period
| LVIG | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 4.02% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 6.40% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 5.50% | -0.95% |
LVIG vs. BIV - Expense Ratio Comparison
LVIG has a 0.34% expense ratio, which is higher than BIV's 0.03% expense ratio.
Dividends
LVIG vs. BIV - Dividend Comparison
LVIG has not paid dividends to shareholders, while BIV's dividend yield for the trailing twelve months is around 4.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 3.93% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
LVIG Longview Advantage Fixed Income ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, LVIG and BIV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, BIV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BIV is cheaper with a 0.03% expense ratio, compared with 0.34% for LVIG.
BIV has the higher dividend yield at 3.93%, compared with 0.00% for LVIG.
They also come from different issuers: Longview and Vanguard. Their fees differ too: 0.34% for LVIG and 0.03% for BIV.
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