AVIG vs SCHZ
Avantis Core Fixed Income ETF vs Schwab US Aggregate Bond ETF
Which is better, AVIG or SCHZ?
Nearly the same fund. SCHZ costs less.
SCHZ has a lower expense ratio. AVIG led over 3Y and the full window, SCHZ over 1Y and 5Y. The two have moved almost in lockstep, correlation 1.00.
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 | SCHZ |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $2.0B | $10.6B |
| Dividend Yield | 4.54% | 4.33% |
| Holdings | 1,720 | 24,843 |
| YTD Return | -3.03% | -2.13%Best |
| 1Y Return | -2.70% | -1.99%Best |
| 3Y Return (annualized) | +4.63%Best | +4.41% |
| 5Y Return (annualized) | -0.64% | -0.63%Best |
| Volatility (annualized) | 6.6% | 6.2%Best |
| Max Drawdown | -19.7% | -18.7%Best |
| $10,000 over 5 years | $9,684 | $9,689Best |
| Fund Family | Avantis Investors | Charles Schwab Asset Management |
| Category | Fixed Income | Fixed Income |
| Inception | Oct 13, 2020 | Jul 14, 2011 |
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 SCHZ 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 SCHZ Performance
Avantis Core Fixed Income ETF (AVIG) is an ETF from Avantis Investors and Schwab US Aggregate Bond ETF (SCHZ) is an ETF from Charles Schwab Asset Management. Over the past year AVIG returned -2.70% while SCHZ returned -1.99%. Year to date, AVIG is down 3.03% versus a loss of 2.13% for SCHZ.
Over three years, AVIG compounded at +4.63% per year against +4.41% for SCHZ; over five years the annualized figures are -0.64% and -0.63% respectively. Across the full 6-year window we track, AVIG has the edge at -0.70% annualized vs -0.82%.
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 6.2% for SCHZ. 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 -18.7% for SCHZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. 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 SCHZ charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, AVIG currently yields 4.54% against 4.33% for SCHZ.
Holdings Overlap
At least 80.6% of AVIG's money is in holdings SCHZ also owns.
Stated as a floor: for SCHZ, our book for it covers 61.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of AVIG is already inside SCHZ. Owning both mostly buys the same companies twice.
679 positions in common, counted across the 739 positions we hold weights for in AVIG and 10,307 in SCHZ, against full books of 1,720 and 24,843.
Top Shared Holdings
| Stock | Weight in AVIG | Weight in SCHZ | Difference |
|---|---|---|---|
| FNCL 5.5 10/11Fannie Mae Or Freddie Mac 2050-10-01 | 1.33% | 0.20% | 1.13% |
| FNCL 5 10/11Fncl 5 10/26 | 1.20% | 0.26% | 0.94% |
| FNCL 4.5 10/11Fannie Mae Or Freddie Mac Tba 4.50% Due 04/01/2056 | 0.93% | 0.20% | 0.73% |
| T 1.875 02/15/32Treasury Note (Otr) 1.88% Feb 15, 2032 | 0.67% | 0.29% | 0.38% |
| T 1.5 11/30/28Treasury Note 1.50% 11/30/2028 | 0.77% | 0.18% | 0.59% |
| T 2.875 05/15/32United States Treasury Note 2032-05-15 | 0.65% | 0.29% | 0.36% |
| FNCL 3.5 10/11Fnma Tba 10/01/2049 | 0.75% | 0.17% | 0.58% |
| T 1.375 10/31/28Treasury Note (Otr) 1.38% Oct 31, 2028 | 0.73% | 0.18% | 0.55% |
| T 1.125 08/31/28Treasury Note 0.0113 8/31/2028 | 0.71% | 0.19% | 0.52% |
| T 0.625 05/15/30Government Of The United States Of America 0.625% 15-May-2030 | 0.67% | 0.22% | 0.45% |
80.6% of AVIG is already inside SCHZ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AVIG or SCHZ?
AVIG has an expense ratio of 0.15% while SCHZ charges 0.03%. SCHZ is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, AVIG or SCHZ?
Over the past year AVIG returned -2.70% vs -1.99% for SCHZ, so SCHZ leads on 1-year performance. Over the longest common window we track (6 years), AVIG annualized -0.70% vs -0.82% for SCHZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVIG or SCHZ?
AVIG has been the more volatile fund at 6.6% annualized versus 6.2% for SCHZ. Worst drawdown: AVIG -19.7% vs SCHZ -18.7%.
Should I hold both AVIG and SCHZ?
AVIG and SCHZ have a monthly-return correlation of 1.00, 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 SCHZ?
At least 80.6% of AVIG's money is in holdings SCHZ also owns. Our book for SCHZ is partial, so the real figure is this or higher. They hold 679 positions in common, counted across the 739 positions we hold weights for in AVIG and 10,307 in SCHZ.
Which pays a higher dividend, AVIG or SCHZ?
AVIG yields 4.54% while SCHZ yields 4.33%, so AVIG currently pays the higher dividend yield.
Is SCHZ better than AVIG?
SCHZ has a lower expense ratio. AVIG led over 3Y and the full window, SCHZ over 1Y and 5Y. The two have moved almost in lockstep, correlation 1.00. Which one suits a particular account depends on what it is for. This is information, not a recommendation.