WAGN vs. AVGV

Last updated Jun 23, 2026

WAGN (Pabrai Wagons ETF) and AVGV (Avantis All Equity Markets Value ETF) are both Global Equities funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. WAGN charges 0.90%/yr vs 0.26%/yr for AVGV.

Performance

WAGN vs. AVGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pabrai Wagons ETF (WAGN) and Avantis All Equity Markets Value ETF (AVGV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAGN

• 1D: -0.34%
• 1M: 0.17%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVGV

• 1D: 0.48%
• 1M: 2.25%
• YTD: 18.22%
• 6M: 17.34%
• 1Y: 37.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WAGN vs. AVGV - Yearly Performance Comparison

	2026 (YTD)
WAGN Pabrai Wagons ETF	3.33%
AVGV Avantis All Equity Markets Value ETF	7.21%

Correlation

The correlation between WAGN and AVGV is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 9, 2026	0.62

Return for Risk

WAGN vs. AVGV — Risk / Return Rank

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

WAGN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AVGV

AVGV Risk / Return Rank: 88
AVGV Sharpe Ratio Rank: 89
AVGV Sortino Ratio Rank: 89
AVGV Omega Ratio Rank: 86
AVGV Calmar Ratio Rank: 86
AVGV Martin Ratio Rank: 88

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.

WAGN vs. AVGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pabrai Wagons ETF (WAGN) and Avantis All Equity Markets Value ETF (AVGV). 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.

	WAGN	AVGV	Difference
Sharpe ratio: Return per unit of total volatility	—	2.86	—
Sortino ratio: Return per unit of downside risk	—	3.92	—
Omega ratio: Gain probability vs. loss probability	—	1.51	—
Calmar ratio: Return relative to maximum drawdown	—	4.69	—
Martin ratio: Return relative to average drawdown	—	18.25	—

Drawdowns

WAGN vs. AVGV - Drawdown Comparison

The maximum WAGN drawdown since its inception was -7.02%, smaller than the maximum AVGV drawdown of -17.03%. Use the drawdown chart below to compare losses from any high point for WAGN and AVGV.

Drawdown Indicators

	WAGN	AVGV	Difference
Max Drawdown Largest peak-to-trough decline	-7.02%	-17.03%	+10.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.12%	—
Current Drawdown Current decline from peak	-7.02%	-0.52%	-6.50%
Average Drawdown Average peak-to-trough decline	-2.64%	-2.27%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.08%	—

Volatility

Volatility by Period

	WAGN	AVGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.31%	13.35%	+5.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.31%	15.01%	+4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	15.01%	+4.30%

WAGN vs. AVGV - Expense Ratio Comparison

WAGN has a 0.90% expense ratio, which is higher than AVGV's 0.26% expense ratio.

Dividends

WAGN vs. AVGV - Dividend Comparison

WAGN has not paid dividends to shareholders, while AVGV's dividend yield for the trailing twelve months is around 2.45%.

Position	TTM	2025	2024	2023
AVGV Avantis All Equity Markets Value ETF	2.45%	1.98%	2.32%	1.14%
WAGN Pabrai Wagons ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAGN and AVGV in my portfolio?

WAGN and AVGV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WAGN or AVGV?

On fees, AVGV is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WAGN or AVGV?

AVGV is cheaper with a 0.26% expense ratio, compared with 0.90% for WAGN.

Which ETF pays a higher dividend yield, WAGN or AVGV?

AVGV has the higher dividend yield at 2.45%, compared with 0.00% for WAGN.

What is the main difference between WAGN and AVGV?

They also come from different issuers: Pabrai and Avantis. Their fees differ too: 0.90% for WAGN and 0.26% for AVGV.