AVIG vs FLCB
Avantis Core Fixed Income ETF vs Franklin US Core Bond ETF
Which is better, AVIG or FLCB?
Each has led over a different period.
AVIG led over 3Y and the full window, FLCB over 1Y and 5Y. 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 | FLCB |
|---|---|---|
| Expense Ratio | 0.15%Tie | 0.15%Tie |
| AUM | $2.0B | $3.1B |
| Dividend Yield | 4.54% | 4.50% |
| Holdings | 1,720 | 642 |
| YTD Return | -3.03% | -2.14%Best |
| 1Y Return | -2.70% | -2.11%Best |
| 3Y Return (annualized) | +4.63%Best | +4.58% |
| 5Y Return (annualized) | -0.64% | -0.62%Best |
| Volatility (annualized) | 6.6% | 5.9%Best |
| Max Drawdown | -19.7% | -19.5%Best |
| $10,000 over 5 years | $9,684 | $9,694Best |
| Fund Family | Avantis Investors | Franklin Templeton Investments (US) |
| Category | Fixed Income | Fixed Income |
| Inception | Oct 13, 2020 | Sep 17, 2019 |
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).
AVIG vs FLCB 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 FLCB Performance
Avantis Core Fixed Income ETF (AVIG) is an ETF from Avantis Investors and Franklin US Core Bond ETF (FLCB) is an ETF from Franklin Templeton Investments (US). Over the past year AVIG returned -2.70% while FLCB returned -2.11%. Year to date, AVIG is down 3.03% versus a loss of 2.14% for FLCB.
Over three years, AVIG compounded at +4.63% per year against +4.58% for FLCB; over five years the annualized figures are -0.64% and -0.62% respectively. Across the full 6-year window we track, AVIG has the edge at -0.70% annualized vs -0.88%.
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 5.9% for FLCB. 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 -19.5% for FLCB. 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 FLCB charges 0.15%. On a $10,000 position that is $15 vs $15 annually. On income, AVIG currently yields 4.54% against 4.50% for FLCB.
Holdings Overlap
At least 10.6% of AVIG's money is in holdings FLCB also owns.
Stated as a floor: for FLCB, our book for it covers 61.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
AVIG and FLCB share little of their money.
31 positions in common, counted across the 739 positions we hold weights for in AVIG and 342 in FLCB, against full books of 1,720 and 642.
Top Shared Holdings
| Stock | Weight in AVIG | Weight in FLCB | Difference |
|---|---|---|---|
| FNCL 5.5 10/11Fannie Mae Or Freddie Mac 2050-10-01 | 1.33% | 2.03% | 0.70% |
| FNCL 6 10/11Fannie Mae Or Freddie Mac 6 | 1.26% | 1.80% | 0.54% |
| FNCL 5 10/11Fncl 5 10/26 | 1.20% | 1.70% | 0.50% |
| FNCL 4.5 10/11Fannie Mae Or Freddie Mac Tba 4.50% Due 04/01/2056 | 0.93% | 1.41% | 0.48% |
| T 1.375 12/31/28Treasury Note (Otr) 1.38% Dec 31, 2028 | 0.50% | 1.79% | 1.29% |
| FNCL 3.5 10/11Fnma Tba 10/01/2049 | 0.75% | 1.10% | 0.35% |
| T 2 11/15/41Us Treas Bds 2% 11/15/41 | 0.45% | 0.75% | 0.30% |
| T 4.125 08/31/30United States Treas Nts 4.125% 08/31/2030 | 0.48% | 0.67% | 0.19% |
| FNCL 4 10/11Fannie Mae Or Freddie Mac 2168-10-10 | 0.23% | 0.83% | 0.60% |
| T 3 11/15/44Treasury Bond 3.00% 11/15/2044 | 0.28% | 0.75% | 0.47% |
You are not choosing between two funds in isolation.
Whichever of AVIG and FLCB 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 FLCB?
AVIG has an expense ratio of 0.15% while FLCB charges 0.15%. At the precision these are quoted to, they cost the same.
Which performed better, AVIG or FLCB?
Over the past year AVIG returned -2.70% vs -2.11% for FLCB, so FLCB leads on 1-year performance. Over the longest common window we track (6 years), AVIG annualized -0.70% vs -0.88% for FLCB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVIG or FLCB?
AVIG has been the more volatile fund at 6.6% annualized versus 5.9% for FLCB. Worst drawdown: AVIG -19.7% vs FLCB -19.5%.
Should I hold both AVIG and FLCB?
AVIG and FLCB 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.
What is the holdings overlap between AVIG and FLCB?
At least 10.6% of AVIG's money is in holdings FLCB also owns. Our book for FLCB is partial, so the real figure is this or higher. They hold 31 positions in common, counted across the 739 positions we hold weights for in AVIG and 342 in FLCB.
Which pays a higher dividend, AVIG or FLCB?
AVIG yields 4.54% while FLCB yields 4.50%, so AVIG currently pays the higher dividend yield.
Is FLCB better than AVIG?
AVIG led over 3Y and the full window, FLCB over 1Y and 5Y. 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.