AVGB vs VTC: Grades, Fees and Holdings Compared

Avantis Credit ETF

AVGBBNasdaq

Vanguard Total Corporate Bond ETF

VTCANasdaq

Overlap

No data

Expense ratio

VTC −0.16pt a year

AVGB0.19%VTC0.03%

Avg volume · 30D

VTC 9.0×the volume

AVGB13.8KVTC124K

AVGB vs VTC Performance

Nov 7, 2025 – Nov 9, 2026

+1.6%AVGB+0.1%VTC

Expense ratio: AVGB 0.19%; VTC 0.03%, better
Fund size: AVGB $68M; VTC $1.6B
1Y total return: AVGB +1.6%, better; VTC +0.1%
Yield (12M): AVGB 3.62%; VTC 5.14%, better
Holdings: AVGB 223; VTC 5211
Avg volume (30D): AVGB 13.8K sh; VTC 124K sh, better
NAV per share: AVGB $50.46; VTC $74.07
52W range

ETF.net Grade

Pillar letters and Scores for AVGB, VTC, with each pillar’s weight
Pillar	AVGB	VTC
Cost30% weight	B61	A98Higher
Mission25% weight	A85	A100Higher
Risk15% weight	A74Higher	C51
Tradability15% weight	C54	A73Higher
Holdings10% weight	C46	A91Higher
Durability5% weight	C44	A85Higher

Rank among Investment Grade Corporate funds

How we build Categories ›

Same Category. AVGB and VTC are both graded against the same 49 Investment Grade Corporate funds, so their Grades compare head to head.

Investment Grade Corporate⁠

Category · 49 funds

See all 49 ›

VTC ranks 3rd and AVGB 17th of 49 funds in the Investment Grade Corporate Category.

Rank 1AUSIGiShares Broad USD Investment Grade Corporate Bond ETFScore 89
Rank 2ASPBOState Street SPDR Portfolio Corporate Bond ETFScore 87
Rank 3AVTCVanguard Total Corporate Bond ETFScore 86
Rank 4ASKORNorthern Trust Credit-Scored US Corporate Bond ETFScore 81
Rank 15BPFIGInvesco Fundamental Investment Grade Corporate Bond ETFScore 66
Rank 17BAVGBAvantis Credit ETFScore 65
Rank 17BKORPAmerican Century Diversified Corporate Bond ETFScore 65

Our read on each fund

ETF.net Research

AVGBBAvantis Credit ETF

VTCAVanguard Total Corporate Bond ETF

In short

AVGB A 2025 arrival from Avantis: roughly 160 investment-grade credit holdings run to a one-line mandate (maximize total return), developed-market issuers included, at a fee sitting right on the category median.

VTC Most cheap corporate bond funds sell you one slice of the maturity curve. VTC buys the whole investment-grade corporate market, short to long, for 0.03% a year, and since 2025 it owns the bonds directly instead of stacking three Vanguard funds.

Stated mandate

AVGB The fund seeks to maximize total return.

VTC The Fund seeks to track a broad, market-weighted corporate bond index, specifically the Bloomberg U.S. Corporate Bond Index. It uses an indexing approach focused on investment-grade, fixed-rate, taxable corporate bonds.

Why people hold it

AVGB The mandate is refreshingly plain: maximize total return from a credit portfolio of roughly 160 holdings, not a thousand-line index replica.avantisinvestors.com
0.19% a year lands exactly on the median fee for investment-grade corporate bond ETFs. No newcomer premium for the newer approach.
The credit net stretches past US borders into developed international issuers, wider than a purely domestic corporate lineup.avantisinvestors.com
Cash comes quarterly, with no advertised target yield to reverse-engineer. Payouts follow what the bonds throw off.avantisinvestors.com

VTC 0.03% a year against a 0.19% median for investment-grade corporate ETFs. On this exact Bloomberg index, nothing in the group charges less.
One ticker, the full corporate curve. Top-graded rivals like VCIT, IGIB and IGSB each buy a single maturity band; VTC's index spans short, intermediate and long fixed-rate corporates.
No overlays, no active tilts, no credit guesswork. Market-weighted indexing of investment-grade, fixed-rate, taxable corporates, and the portfolio hews tightly to that mandate.
Income lands monthly, not quarterly, which matters if bond coupons are doing real work in your cash flow.

Worth knowing

AVGB The index heavyweights in this category charge a sliver of that fee: VCIT at 0.03%, USIG, SPIB and IGIB at 0.04%.
Still a small, thinly traded fund, so bid-ask spreads can run wider than the category's giants and trade size matters more.
It opened in April 2025. That is a thin track record next to peers with decades of behavior on the tape.

VTC Whole-curve means long bonds in the mix, so prices move more with interest rates than a 1-5 year slice like IGSB does.
The plumbing changed in March 2025: Vanguard moved it from holding three underlying corporate bond ETFs to buying the index bonds directly. Same objective, same index.sec.gov
Moderately traded rather than a volume heavyweight, so spreads can run wider than the busiest corporate bond funds, particularly in choppy markets.

Full AVGB profile⁠

Full VTC profile⁠

AVGB vs VTC Holdings

How AVGB and VTC differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile74.2%
Asset classBonds100%

Sector

No Sector split for AVGB.

Country, concentration and asset class

Country by domicile

Country weights in AVGB and VTC, widest gap first
Country	Gap	AVGB	VTC
United States	VTC +21.4 points	64.8%	86.2%
Canada	AVGB +5.4 points	8.3%	2.9%
Germany	AVGB +3.8 points	4.3%	0.5%
France	AVGB +3.6 points	3.9%	0.3%
Italy	AVGB +2.8 points	2.8%	0.0%
Netherlands	AVGB +2.4 points	2.8%	0.4%
Japan	VTC +2.0 points	0.0%	2.0%
Sweden	AVGB +1.5 points	1.5%	0.0%
Other countries (17)	AVGB +3.9 points	11.5%	7.6%

Outside the US: AVGB 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

AVGB11.5%
VTC2.5%

Securities held

AVGB215
VTC5,206

Asset class

AVGB: Bonds
VTC: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. AVGB holds 215 securities, VTC 5,206.

All 259 AVGB holdings⁠All 5,211 VTC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AVGB vs VTC Cost

Overpaying AVGB vs VTC

$3,314

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AVGB 0.19%
$3,952
VTC 0.03%
$638

Amount$10,000

Years30 years

Cost over time

AVGB 0.19%
VTC 0.03%
Overpaying

Year by year

Year	AVGB	VTC	Overpaying
10	$347	$55	$292
20	$1,351	$216	$1,135
30	$3,952	$638	$3,314

Expense ratio

0.19%AVGB
0.03%VTC, cheaper

VTC0.03%AVGB0.19%

0.03%0.53%

Middle half of Investment Grade Corporate funds
Median 0.25%

VTC cheapest of 49 funds

AVGB 18th cheapest of 49 funds

AVGB vs VTC Dividends

Last 12 months to Nov 9, 2026

Yield (12M): AVGB 3.62%; VTC 5.14%, better
Payout (12M): AVGB $1.83; VTC $3.81
Last payment: AVGB $0.50; VTC $0.33
Ex-dividend: AVGB Sep 8, 2026; VTC Nov 2, 2026
Paid on: AVGB Sep 10, 2026; VTC Nov 4, 2026
Frequency: AVGB Quarterly; VTC Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

AVGBQuarterly · 5 paymentsAll AVGB payments⁠

VTCMonthly · 46 paymentsAll VTC payments⁠

AVGB vs VTC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AVGB 2.7%since May 2025VTC 6.3%
Return per unit of riskSharpe ratio, 3 years: AVGB −0.32since May 2025VTC 0.31
Worst fallMax drawdown, 5 years: AVGB −2.3%since Apr 2025VTC −21.7%
Market sensitivityBeta, 5 years: AVGB 0.12VTC 1.12; Market = 1

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