AVIG vs PAB
Avantis Core Fixed Income ETF vs PGIM Active Aggregate Bond ETF
Which is better, AVIG or PAB?
Nearly the same fund. AVIG costs less.
AVIG has a lower expense ratio. PAB 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 | PAB |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.19% |
| AUM | $2.0B | $98M |
| Dividend Yield | 4.54% | 5.50% |
| Holdings | 1,720 | 466 |
| YTD Return | -3.03% | -2.03%Best |
| 1Y Return | -2.70% | -1.81%Best |
| 3Y Return (annualized) | +4.63% | +4.98%Best |
| 5Y Return (annualized) | -0.64% | -0.45%Best |
| Volatility (annualized) | 6.8% | 6.4%Best |
| Max Drawdown | -19.5% | -19.3%Best |
| $10,000 over 5 years | $9,684 | $9,777Best |
| Fund Family | Avantis Investors | PGIM Investments |
| Category | Fixed Income | Fixed Income |
| Inception | Oct 13, 2020 | Apr 12, 2021 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Apr 15, 2021 to Oct 14, 2026 (5.5 years).
AVIG vs PAB 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 5.5 years both funds cover.
AVIG vs PAB Performance
Avantis Core Fixed Income ETF (AVIG) is an ETF from Avantis Investors and PGIM Active Aggregate Bond ETF (PAB) is an ETF from PGIM Investments. Over the past year AVIG returned -2.70% while PAB returned -1.81%. Year to date, AVIG is down 3.03% versus a loss of 2.03% for PAB.
Over three years, AVIG compounded at +4.63% per year against +4.98% for PAB; over five years the annualized figures are -0.64% and -0.45% respectively. Across the full 6-year window we track, PAB has the edge at -0.23% annualized vs -0.39%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVIG has been the more volatile fund, with annualized monthly volatility of 6.8% compared with 6.4% for PAB. 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 -19.5% for AVIG and -19.3% for PAB. 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 PAB charges 0.19%. On a $10,000 position that is $15 vs $19 annually, a gap of $4 per year that compounds over a long holding period. On income, AVIG currently yields 4.54% against 5.50% for PAB.
Holdings Overlap
At least 4.1% of AVIG's money is in holdings PAB also owns.
Stated as a floor: for PAB, our book for it covers 64.9% 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 PAB share little of their money.
15 positions in common, counted across the 739 positions we hold weights for in AVIG and 301 in PAB, against full books of 1,720 and 466.
Top Shared Holdings
| Stock | Weight in AVIG | Weight in PAB | Difference |
|---|---|---|---|
| FNCL 6 10/11Fannie Mae Or Freddie Mac 6 | 1.26% | 1.02% | 0.24% |
| T 2 11/15/41Us Treas Bds 2% 11/15/41 | 0.45% | 1.72% | 1.27% |
| FNCL 5 10/11Fncl 5 10/26 | 1.20% | 0.72% | 0.48% |
| T 2.75 08/15/32Us Treas Nts 2.75% 08/15/32 | 0.59% | 0.14% | 0.45% |
| BAC V2.496 02/13/31 | 0.01% | 0.35% | 0.34% |
| XEL 5.35 05/15/34Public Service Co Of Colorado Sr Sec 1St Lien 5.35% 05-15-34 | 0.05% | 0.20% | 0.15% |
| SANTAN 3.8 02/23/28Banco Santander Sa 3.8% Feb 23, 2028 | 0.02% | 0.20% | 0.18% |
| ABIBB 4.7 02/01/36 *Anheuser-busch Cos Llc / Anheuser-busch Inbev Worldwide Inc 4.7 02/01/2036 | 0.12% | 0.09% | 0.03% |
| FANG 5.55 04/01/35Diamondback Energy Inc 5.55% Apr 01, 2035 | 0.09% | 0.10% | 0.01% |
| TRGP 6.125 03/15/33Targa Resources Corp Sr Unsecured 03/33 6.125 | 0.09% | 0.07% | 0.02% |
You are not choosing between two funds in isolation.
Whichever of AVIG and PAB 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 PAB?
AVIG has an expense ratio of 0.15% while PAB charges 0.19%. AVIG is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, AVIG or PAB?
Over the past year AVIG returned -2.70% vs -1.81% for PAB, so PAB leads on 1-year performance. Over the longest common window we track (6 years), AVIG annualized -0.39% vs -0.23% for PAB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVIG or PAB?
AVIG has been the more volatile fund at 6.8% annualized versus 6.4% for PAB. Worst drawdown: AVIG -19.5% vs PAB -19.3%.
Should I hold both AVIG and PAB?
AVIG and PAB 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 PAB?
At least 4.1% of AVIG's money is in holdings PAB also owns. Our book for PAB is partial, so the real figure is this or higher. They hold 15 positions in common, counted across the 739 positions we hold weights for in AVIG and 301 in PAB.
Which pays a higher dividend, AVIG or PAB?
AVIG yields 4.54% while PAB yields 5.50%, so PAB currently pays the higher dividend yield.
Is PAB better than AVIG?
AVIG has a lower expense ratio. PAB 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.