AVIG vs OVB
Avantis Core Fixed Income ETF vs Overlay Shares Core Bond ETF
Which is better, AVIG or OVB?
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 0.96.
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 | OVB |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.79% |
| AUM | $2.0B | $47M |
| Dividend Yield | 4.54% | 7.91% |
| Holdings | 1,720 | 16 |
| YTD Return | -3.03%Best | -4.97% |
| 1Y Return | -2.70%Best | -5.85% |
| 3Y Return (annualized) | +4.63%Best | +4.18% |
| 5Y Return (annualized) | -0.64%Best | -1.34% |
| Volatility (annualized) | 6.6%Best | 7.8% |
| Max Drawdown | -19.7%Best | -21.7% |
| $10,000 over 5 years | $9,684Best | $9,348 |
| Fund Family | Avantis Investors | Overlay Shares |
| Category | Fixed Income | Fixed Income |
| Inception | Oct 13, 2020 | Sep 30, 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 OVB 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 OVB Performance
Avantis Core Fixed Income ETF (AVIG) is an ETF from Avantis Investors and Overlay Shares Core Bond ETF (OVB) is an ETF from Overlay Shares. Over the past year AVIG returned -2.70% while OVB returned -5.85%. Year to date, AVIG is down 3.03% versus a loss of 4.97% for OVB.
Over three years, AVIG compounded at +4.63% per year against +4.18% for OVB; over five years the annualized figures are -0.64% and -1.34% respectively. Across the full 6-year window we track, AVIG has the edge at -0.70% annualized vs -0.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVB has been the more volatile fund, with annualized monthly volatility of 7.8% compared with 6.6% 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 -19.7% for AVIG and -21.7% for OVB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 OVB charges 0.79%. On a $10,000 position that is $15 vs $79 annually, a gap of $64 per year that compounds over a long holding period. On income, AVIG currently yields 4.54% against 7.91% for OVB.
Holdings Overlap
We hold position weights for 739 holdings in AVIG and 2 in OVB, totalling 96.5% and 100.2% 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 2 in OVB, against full books of 1,720 and 16.
You are not choosing between two funds in isolation.
Whichever of AVIG and OVB 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 OVB?
AVIG has an expense ratio of 0.15% while OVB charges 0.79%. AVIG is the cheaper option, by $64 a year on a $10,000 investment.
Which performed better, AVIG or OVB?
Over the past year AVIG returned -2.70% vs -5.85% for OVB, so AVIG leads on 1-year performance. Over the longest common window we track (6 years), AVIG annualized -0.70% vs -0.78% for OVB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVIG or OVB?
OVB has been the more volatile fund at 7.8% annualized versus 6.6% for AVIG. Worst drawdown: AVIG -19.7% vs OVB -21.7%.
Should I hold both AVIG and OVB?
AVIG and OVB have a monthly-return correlation of 0.96, 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 OVB?
AVIG yields 4.54% while OVB yields 7.91%, so OVB currently pays the higher dividend yield.
Is OVB 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 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.