IGOV vs AVES

Comparison between ISHARES INTERNATIONAL TREASURY BOND ETF (IGOV, ETF) and AVANTIS EMERGING MARKETS VALUE ETF (AVES, ETF).

5-Year PerformanceAVES has outperformed IGOV, delivering a return of +10.4% compared to -4.1%

IGOV vs AVES - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IGOV(ETF)	AVES(ETF)
Net Assets	$1.10B	$1.20B
Expense Ratio	0.35%	0.36%
Max Drawdown	36.13%	28.22%
Sharpe Ratio	-0.08	2.12
5Y Beta	0.04	0.66
5Y Dividends CAGR	36.94%	N/A

Net Assets

IGOV

$1.10B

Winner

AVES

$1.20B

Expense Ratio

Winner

IGOV

0.35%

AVES

0.36%

Max Drawdown

IGOV

36.13%

Winner

AVES

28.22%

Sharpe Ratio

IGOV

-0.08

Winner

AVES

2.12

5Y Beta

Winner

IGOV

0.04

AVES

0.66

5Y Dividends CAGR

IGOV

36.94%

AVES

N/A

IGOV vs AVES - Historical Returns

Returns include dividend reinvestment.

Period	IGOV	AVES
1 month	+1.42%	+7.49%
3 months	-1.01%	+5.81%
6 months	+1.76%	+19.70%
1 year	+4.03%	+44.36%
5 years(CAGR)	-4.07%	+10.39%
10 years(CAGR)	-1.08%	N/A
Max(CAGR)	+0.26%	+10.39%

IGOV

+1.42%

Winner

AVES

+7.49%

IGOV

-1.01%

Winner

AVES

+5.81%

IGOV

+1.76%

Winner

AVES

+19.70%

IGOV

+4.03%

Winner

AVES

+44.36%

5Y(CAGR)

IGOV

-4.07%

Winner

AVES

+10.39%

10Y(CAGR)

IGOV

-1.08%

AVES

N/A

Max(CAGR)

IGOV

+0.26%

Winner

AVES

+10.39%

IGOV vs AVES - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	IGOV	AVES
2026	+1.61%	+14.57%
2025	+10.63%	+30.47%
2024	-5.33%	+5.94%
2023	+5.84%	+16.19%
2022	-21.24%	-16.49%
2021	-9.40%	+1.32%
2020	+10.97%	N/A
2019	+3.91%	N/A
2018	-2.64%	N/A
2017	+12.94%	N/A
2016	+0.81%	N/A
2015	-7.05%	N/A
2014	-2.08%	N/A
2013	-1.56%	N/A
2012	+4.83%	N/A
2011	+1.55%	N/A
2010	+0.94%	N/A
2009	+9.79%	N/A

IGOV vs AVES Drawdown Comparison

The maximum drawdown for IGOV was -35.88%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The maximum drawdown for AVES was -27.41%, occurring on Oct 24, 2022. Recovery took 560 trading sessions.

The current IGOV drawdown is -22.49%.

Rank	IGOV	AVES
#1	-35.88% Jan 5, 2021 - Oct 20, 2022	-27.41% Jan 12, 2022 - Apr 8, 2024
#2	-15.77% Jul 1, 2014 - Mar 26, 2018	-18.49% Oct 2, 2024 - Jun 4, 2025
#3	-14.59% Dec 1, 2009 - Oct 6, 2010	-12.90% Feb 25, 2026 - May 6, 2026
#4	-11.09% Mar 9, 2020 - Jul 27, 2020	-8.51% Jul 12, 2024 - Sep 24, 2024
#5	-10.93% Aug 17, 2011 - Apr 10, 2014	-5.43% Oct 25, 2021 - Jan 11, 2022
#6	-9.49% Mar 26, 2018 - Mar 6, 2020	-4.76% Apr 9, 2024 - May 2, 2024
#7	-9.08% Oct 14, 2010 - Apr 29, 2011	-4.68% May 17, 2024 - Jul 11, 2024
#8	-4.51% Feb 9, 2009 - Mar 18, 2009	-4.55% Sep 17, 2025 - Oct 23, 2025
#9	-4.27% Mar 19, 2009 - May 13, 2009	-3.87% Nov 12, 2025 - Dec 22, 2025
#10	-3.90% Jun 3, 2011 - Jul 26, 2011	-3.72% Jul 23, 2025 - Aug 13, 2025
#11	-3.59% Apr 29, 2011 - Jun 3, 2011	-2.63% Jun 12, 2025 - Jun 24, 2025
#12	-3.02% Jun 2, 2009 - Jul 1, 2009	-2.40% Jan 28, 2026 - Feb 9, 2026
#13	-2.36% Aug 6, 2020 - Oct 27, 2020	-2.21% Oct 27, 2025 - Nov 10, 2025
#14	-2.29% Oct 8, 2009 - Nov 25, 2009	-1.92% Oct 1, 2021 - Oct 14, 2021
#15	-2.28% Aug 5, 2009 - Aug 27, 2009	-1.85% Aug 22, 2025 - Sep 8, 2025

Correlation

Correlation between IGOV and AVES is 0.26 which considered as a very weak or no correlation - the stocks move independently of each other.

0.26

-101

Dividend Comparison (2009 - 2026)

IGOV vs AVES dividend yield comparison.

Year	IGOV	AVES
2026	0.00%	0.10%
2025	1.41%	3.17%
2024	0.59%	4.09%
2023	0.00%	3.96%
2022	0.11%	3.70%
2021	0.39%	0.62%
2019	0.24%	0.00%
2018	0.31%	0.00%
2017	0.19%	0.00%
2016	0.69%	0.00%
2015	0.12%	0.00%
2014	1.28%	0.00%
2013	1.32%	0.00%
2012	2.13%	0.00%
2011	4.05%	0.00%
2010	2.26%	0.00%
2009	1.94%	0.00%