AVNM vs VGI
Avantis All International Markets Equity ETF vs Virtus Global Multi-Sector Income Fund
Quick Verdict
AVNM has a lower expense ratio. AVNM delivered stronger 1-year returns. VGI offers more diversification with 646 holdings.
Side-by-Side Comparison
| Metric | AVNM | VGI | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 1.74% | |
| AUM | $734M | $88M | |
| Dividend Yield | 2.36% | 12.31% | |
| Holdings | 9 | 646 | |
| YTD Return | +16.39% | +1.05% | |
| 1Y Return | +29.08% | +4.29% | |
| 3Y Return (annualized) | +23.36% | +12.14% | |
| 5Y Return (annualized) | - | +2.17% | |
| Volatility (annualized) | 12.6% | 14.1% | |
| Max Drawdown | -14.0% | -63.3% | |
| Fund Family | Avantis Investors | Virtus Investment Partners | |
| Category | Equity | Fixed Income | |
| Inception | Jun 27, 2023 | Feb 23, 2012 |
AVNM vs VGI Performance
Avantis All International Markets Equity ETF (AVNM) is a ETF from Avantis Investors and Virtus Global Multi-Sector Income Fund (VGI) is a ETF from Virtus Investment Partners. Over the past year AVNM returned +29.08% while VGI returned +4.29%. Year to date, AVNM is up 16.39% versus a gain of 1.05% for VGI.
Over three years, AVNM compounded at +23.36% per year against +12.14% for VGI. Across the full 3-year window we track, AVNM has the edge at +21.94% annualized vs -2.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VGI has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.6% for AVNM. 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 -14.0% for AVNM and -63.3% for VGI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVNM charges 0.31% per year while VGI charges 1.74%. On a $10,000 position that is $31 vs $174 annually, a gap of $143 per year that compounds over a long holding period. On income, AVNM currently yields 2.36% against 12.31% for VGI.
Holdings Overlap
AVNM and VGI share 0 holdings out of 442 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVNM or VGI?
AVNM has an expense ratio of 0.31% while VGI charges 1.74%. AVNM is the cheaper option. On a $10,000 investment, that is $143 per year of difference.
Which performed better, AVNM or VGI?
Over the past year AVNM returned +29.08% vs +4.29% for VGI, so AVNM leads on 1-year performance. Over the longest common window we track (3 years), AVNM annualized +21.94% vs -2.41% for VGI. Past performance does not guarantee future results.
Which is riskier, AVNM or VGI?
VGI has been the more volatile fund at 14.1% annualized versus 12.6% for AVNM. Worst drawdown: AVNM -14.0% vs VGI -63.3%.
Should I hold both AVNM and VGI?
AVNM and VGI have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVNM and VGI?
AVNM and VGI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 442 unique securities.
Which pays a higher dividend, AVNM or VGI?
AVNM yields 2.36% while VGI yields 12.31%, so VGI currently pays the higher dividend yield.
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