AVIG vs BNDC
Avantis Core Fixed Income ETF vs Northern Trust Core Bond ETF
Which is better, AVIG or BNDC?
Nearly the same fund. AVIG costs less.
AVIG has a lower expense ratio. AVIG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99.
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 | AVIG | BNDC |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.38% |
| AUM | $2.0B | $165M |
| Dividend Yield | 4.54% | 4.33% |
| Holdings | 1,720 | 16 |
| YTD Return | -3.03% | -2.88%Best |
| 1Y Return | -2.70%Best | -2.81% |
| 3Y Return (annualized) | +4.63%Best | +4.23% |
| 5Y Return (annualized) | -0.64%Best | -0.95% |
| Volatility (annualized) | 6.6% | 6.1%Best |
| Max Drawdown | -19.7% | -19.4%Best |
| $10,000 over 5 years | $9,684Best | $9,534 |
| Top 10 Weight | 13.0% | - |
| Fund Family | Avantis Investors | Northern Trust Asset Management |
| Category | Fixed Income | Fixed Income |
| Inception | Oct 13, 2020 | Nov 18, 2016 |
Not shown on this pair: Style.
Volatility and max drawdown are measured over the window both funds cover: Oct 15, 2020 to Oct 14, 2026 (6 years).
AVIG vs BNDC 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.
AVIG vs BNDC Performance
Avantis Core Fixed Income ETF (AVIG) is an ETF from Avantis Investors and Northern Trust Core Bond ETF (BNDC) is an ETF from Northern Trust Asset Management. Over the past year AVIG returned -2.70% while BNDC returned -2.81%. Year to date, AVIG is down 3.03% versus a loss of 2.88% for BNDC.
Over three years, AVIG compounded at +4.63% per year against +4.23% for BNDC; over five years the annualized figures are -0.64% and -0.95% respectively. Across the full 6-year window we track, AVIG has the edge at -0.70% annualized vs -1.05%.
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 BNDC. 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 -19.7% for AVIG and -19.4% for BNDC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AVIG charges 0.15% per year while BNDC charges 0.38%. On a $10,000 position that is $15 vs $38 annually, a gap of $23 per year that compounds over a long holding period. On income, AVIG currently yields 4.54% against 4.33% for BNDC.
Holdings Overlap
We hold position weights for 739 holdings in AVIG and 7 in BNDC, totalling 96.5% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 739 positions we hold weights for in AVIG and 7 in BNDC, against full books of 1,720 and 16.
What only one of them owns
Our book lists 7 positions for BNDC that do not appear in our book for AVIG (99.2% of the fund), and 731 for AVIG that do not appear in BNDC (96.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of AVIG and BNDC you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVIG or BNDC?
AVIG has an expense ratio of 0.15% while BNDC charges 0.38%. AVIG is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, AVIG or BNDC?
Over the past year AVIG returned -2.70% vs -2.81% for BNDC, so AVIG leads on 1-year performance. Over the longest common window we track (6 years), AVIG annualized -0.70% vs -1.05% for BNDC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVIG or BNDC?
AVIG has been the more volatile fund at 6.6% annualized versus 6.1% for BNDC. Worst drawdown: AVIG -19.7% vs BNDC -19.4%.
Should I hold both AVIG and BNDC?
AVIG and BNDC have a monthly-return correlation of 0.99, 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.
Which pays a higher dividend, AVIG or BNDC?
AVIG yields 4.54% while BNDC yields 4.33%, so AVIG currently pays the higher dividend yield.
Is BNDC better than AVIG?
AVIG has a lower expense ratio. AVIG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.