AVIG vs MGOV
Avantis Core Fixed Income ETF vs First Trust Intermediate Government Opportunities ETF
Which is better, AVIG or MGOV?
Nearly the same fund. AVIG costs less.
AVIG has a lower expense ratio. AVIG led over 1Y and the full window, MGOV over 3Y. The two have moved almost in lockstep, correlation 0.98.
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 | MGOV |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.50% |
| AUM | $2.0B | $97M |
| Dividend Yield | 4.54% | 5.00% |
| Holdings | 1,720 | 406 |
| YTD Return | -3.03% | -2.85%Best |
| 1Y Return | -2.70%Best | -3.14% |
| 3Y Return (annualized) | +4.63% | +4.89%Best |
| 5Y Return (annualized) | -0.64% | - |
| Volatility (annualized) | 5.9%Best | 6.7% |
| Max Drawdown | -5.2%Best | -6.3% |
| $10,000 over 3.2 years | $11,209Best | $11,133 |
| Fund Family | Avantis Investors | First Trust Portfolios (US) |
| Category | Fixed Income | Fixed Income |
| Inception | Oct 13, 2020 | Aug 2, 2023 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 3, 2023 to Oct 14, 2026 (3.2 years).
AVIG vs MGOV 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 3.2 years both funds cover.
AVIG vs MGOV Performance
Avantis Core Fixed Income ETF (AVIG) is an ETF from Avantis Investors and First Trust Intermediate Government Opportunities ETF (MGOV) is an ETF from First Trust Portfolios (US). Over the past year AVIG returned -2.70% while MGOV returned -3.14%. Year to date, AVIG is down 3.03% versus a loss of 2.85% for MGOV.
Over three years, AVIG compounded at +4.63% per year against +4.89% for MGOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGOV has been the more volatile fund, with annualized monthly volatility of 6.7% compared with 5.9% for AVIG. 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 -5.2% for AVIG and -6.3% for MGOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. 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 MGOV charges 0.50%. On a $10,000 position that is $15 vs $50 annually, a gap of $35 per year that compounds over a long holding period. On income, AVIG currently yields 4.54% against 5.00% for MGOV.
Holdings Overlap
At least 3.2% of AVIG's money is in holdings MGOV also owns.
Stated as a floor: for MGOV, our book for it covers 10.2% 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 MGOV share little of their money.
4 positions in common, counted across the 739 positions we hold weights for in AVIG and 10 in MGOV, against full books of 1,720 and 406.
Top Shared Holdings
| Stock | Weight in AVIG | Weight in MGOV | Difference |
|---|---|---|---|
| FNCL 6 10/11Fannie Mae Or Freddie Mac 6 | 1.26% | 1.33% | 0.07% |
| FNCL 3.5 10/11Fnma Tba 10/01/2049 | 0.75% | 0.10% | 0.65% |
| FNCL 4.5 10/11Fannie Mae Or Freddie Mac Tba 4.50% Due 04/01/2056 | 0.93% | -1.47% | 2.40% |
| FNCL 4 10/11Fannie Mae Or Freddie Mac 2168-10-10 | 0.23% | -1.37% | 1.60% |
You are not choosing between two funds in isolation.
Whichever of AVIG and MGOV 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 MGOV?
AVIG has an expense ratio of 0.15% while MGOV charges 0.50%. AVIG is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, AVIG or MGOV?
Over the past year AVIG returned -2.70% vs -3.14% for MGOV, so AVIG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVIG or MGOV?
MGOV has been the more volatile fund at 6.7% annualized versus 5.9% for AVIG. Worst drawdown: AVIG -5.2% vs MGOV -6.3%.
Should I hold both AVIG and MGOV?
AVIG and MGOV have a monthly-return correlation of 0.98, 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 MGOV?
At least 3.2% of AVIG's money is in holdings MGOV also owns. Our book for MGOV is partial, so the real figure is this or higher. They hold 4 positions in common, counted across the 739 positions we hold weights for in AVIG and 10 in MGOV.
Which pays a higher dividend, AVIG or MGOV?
AVIG yields 4.54% while MGOV yields 5.00%, so MGOV currently pays the higher dividend yield.
Is MGOV better than AVIG?
AVIG has a lower expense ratio. AVIG led over 1Y and the full window, MGOV over 3Y. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.