AGG vs AVIG
iShares Core US Aggregate Bond ETF vs Avantis Core Fixed Income ETF
Which is better, AGG or AVIG?
Nearly the same fund. AGG costs less.
AGG has a lower expense ratio. AGG led over 1Y, 5Y and the full window, AVIG over 3Y. The two have moved almost in lockstep, correlation 1.00.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AGG | AVIG |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.15% |
| AUM | $137.6B | $2.0B |
| Dividend Yield | 4.19% | 4.54% |
| Holdings | 13,338 | 1,720 |
| YTD Return | -2.12%Best | -3.03% |
| 1Y Return | -2.06%Best | -2.70% |
| 3Y Return (annualized) | +4.55% | +4.63%Best |
| 5Y Return (annualized) | -0.53%Best | -0.64% |
| Volatility (annualized) | 6.1%Best | 6.6% |
| Max Drawdown | -18.1%Best | -19.7% |
| $10,000 over 5 years | $9,738Best | $9,684 |
| Fund Family | iShares by BlackRock (US) | Avantis Investors |
| Category | Fixed Income | Fixed Income |
| Inception | Sep 22, 2003 | Oct 13, 2020 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Oct 15, 2020 to Oct 14, 2026 (6 years).
AGG vs AVIG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6 years both funds cover.
AGG vs AVIG Performance
iShares Core US Aggregate Bond ETF (AGG) is an ETF from iShares by BlackRock (US) and Avantis Core Fixed Income ETF (AVIG) is an ETF from Avantis Investors. Over the past year AGG returned -2.06% while AVIG returned -2.70%. Year to date, AGG is down 2.12% versus a loss of 3.03% for AVIG.
Over three years, AGG compounded at +4.55% per year against +4.63% for AVIG; over five years the annualized figures are -0.53% and -0.64% respectively. Across the full 6-year window we track, AGG has the edge at -0.58% annualized vs -0.70%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVIG has been the more volatile fund, with annualized monthly volatility of 6.6% compared with 6.1% for AGG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.1% for AGG and -19.7% for AVIG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AGG charges 0.03% per year while AVIG charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, AGG currently yields 4.19% against 4.54% for AVIG.
Holdings Overlap
At least 90.2% of AVIG's money is in holdings AGG also owns.
Stated as a floor: for AGG, our book for it covers 67.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of AVIG is already inside AGG. Owning both mostly buys the same companies twice.
704 positions in common, counted across the 11,115 positions we hold weights for in AGG and 739 in AVIG, against full books of 13,338 and 1,720.
Top Shared Holdings
| Stock | Weight in AGG | Weight in AVIG | Difference |
|---|---|---|---|
| G2SF 5.5 10/11Government National Mortgage Association | 0.20% | 2.47% | 2.27% |
| G2SF 5 10/11Ginnie Mae | 0.11% | 2.55% | 2.44% |
| FNCL 5.5 10/11Fannie Mae Or Freddie Mac 2050-10-01 | 0.20% | 1.33% | 1.13% |
| FNCL 6 10/11Fannie Mae Or Freddie Mac 6 | 0.18% | 1.26% | 1.08% |
| FNCL 5 10/11Fncl 5 10/26 | 0.15% | 1.20% | 1.05% |
| T 3.875 07/15/28Us Treas Nts 3.875% 07/15/28 | 0.39% | 0.69% | 0.30% |
| FNCL 4.5 10/11Fannie Mae Or Freddie Mac Tba 4.50% Due 04/01/2056 | 0.12% | 0.93% | 0.81% |
| G2SF 6 10/11Ginnie Mae 6 | 0.02% | 1.01% | 0.99% |
| T 2.875 05/15/32United States Treasury Note 2032-05-15 | 0.33% | 0.65% | 0.32% |
| T 1.5 11/30/28Treasury Note 1.50% 11/30/2028 | 0.20% | 0.77% | 0.57% |
90.2% of AVIG is already inside AGG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AGG or AVIG?
AGG has an expense ratio of 0.03% while AVIG charges 0.15%. AGG is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, AGG or AVIG?
Over the past year AGG returned -2.06% vs -2.70% for AVIG, so AGG leads on 1-year performance. Over the longest common window we track (6 years), AGG annualized -0.58% vs -0.70% for AVIG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AGG or AVIG?
AVIG has been the more volatile fund at 6.6% annualized versus 6.1% for AGG. Worst drawdown: AGG -18.1% vs AVIG -19.7%.
Should I hold both AGG and AVIG?
AGG and AVIG have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AGG and AVIG?
At least 90.2% of AVIG's money is in holdings AGG also owns. Our book for AGG is partial, so the real figure is this or higher. They hold 704 positions in common, counted across the 11,115 positions we hold weights for in AGG and 739 in AVIG.
Which pays a higher dividend, AGG or AVIG?
AGG yields 4.19% while AVIG yields 4.54%, so AVIG currently pays the higher dividend yield.
Is AVIG better than AGG?
AGG has a lower expense ratio. AGG led over 1Y, 5Y and the full window, AVIG over 3Y. The two have moved almost in lockstep, correlation 1.00. Which one suits a particular account depends on what it is for. This is information, not a recommendation.