- ISIN
- US8085308026
- CUSIP
- 808530802
- Issuer
- Ave Maria Mutual Funds
- Inception Date
- Apr 29, 2010
- Category
- Global Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
AVEWX Performance Chart
Ave Maria World Equity Fund (AVEWX) is up 9.4% since the beginning of the year. AVEWX is currently trading at $24 per share. Investors who bought $1,000 worth of AVEWX shares 5 years ago would now be looking at an investment worth $1,422.
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Returns By Period
Ave Maria World Equity Fund (AVEWX) has returned 9.37% so far this year and 11.56% over the past 12 months. Over the last ten years, AVEWX has returned 8.97% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.
Ave Maria World Equity Fund
- 1D
- 2.30%
- 1M
- 0.60%
- YTD
- 9.37%
- 6M
- 8.07%
- 1Y
- 11.56%
- 3Y*
- 12.06%
- 5Y*
- 7.29%
- 10Y*
- 8.97%
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
AVEWX Monthly Returns History
Based on dividend-adjusted daily data since May 3, 2010, AVEWX's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +13.4%, while the worst month was Mar 2020 at -19.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, AVEWX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.6%, while the worst single day was Mar 16, 2020 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.06% | 2.84% | -6.22% | 10.04% | 0.51% | -0.51% | 9.37% | ||||||
| 2025 | 2.95% | -2.58% | -3.34% | 4.13% | 5.40% | 4.47% | -1.17% | 2.51% | 1.64% | 0.87% | -2.95% | -1.33% | 10.57% |
| 2024 | -0.42% | 2.71% | 4.16% | -4.82% | 2.25% | -1.60% | 4.32% | 2.93% | -0.43% | -3.19% | 3.29% | -4.08% | 4.64% |
| 2023 | 7.00% | -2.28% | 2.21% | 2.10% | -2.06% | 7.83% | 1.95% | -2.07% | -4.72% | -5.19% | 12.44% | 6.92% | 24.96% |
| 2022 | -4.64% | -3.39% | 1.76% | -7.12% | 2.16% | -9.56% | 8.37% | -4.61% | -9.66% | 9.65% | 6.46% | -3.61% | -15.48% |
| 2021 | -1.89% | 4.94% | 3.55% | 5.49% | 0.17% | -0.34% | 1.63% | 1.99% | -3.41% | 5.38% | -4.09% | 6.57% | 21.06% |
Benchmark Metrics
Ave Maria World Equity Fund has an annualized alpha of -3.12%, beta of 0.94, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since May 03, 2010.
- This fund participated in 105.99% of S&P 500 Index downside but only 87.01% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.12% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.94 and R2 of 0.88, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -3.12%
- Beta
- 0.94
- R²
- 0.88
- Upside Capture
- 87.01%
- Downside Capture
- 105.99%
Expense Ratio
AVEWX has a high expense ratio of 1.18%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AVEWX ranks 12 for risk / return — in the bottom 12% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Ave Maria World Equity Fund (AVEWX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVEWX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.34 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.53 | -1.46 |
| Martin ratioReturn relative to average drawdown | 3.35 | 11.37 | -8.02 |
Dividends
Dividend History
Ave Maria World Equity Fund provided a 2.32% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.55 | $0.18 | $0.74 | $0.19 | $0.07 | $0.08 | $0.73 | $0.64 | $0.46 | $0.26 | $0.23 |
Dividend yield | 2.32% | 2.54% | 0.92% | 3.82% | 1.19% | 0.34% | 0.47% | 4.57% | 4.87% | 3.03% | 1.95% | 1.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Ave Maria World Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.74 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Ave Maria World Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Ave Maria World Equity Fund was 40.26%, occurring on Mar 23, 2020. Recovery took 202 trading sessions.
The current Ave Maria World Equity Fund drawdown is 2.32%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -40.26%Mar 2020 | 2mo 2d | 9mo 21d | 11mo 23dJan 2020 - Jan 2021 |
2011 bear market2011 | -25.67%Oct 2011 | 5mo 4d | 1y 5mo | 1y 10moMay 2011 - Mar 2013 |
Bear market2022 | -25.35%Sep 2022 | 8mo 28d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2016 bear market2016 | -20.01%Feb 2016 | 8mo 25d | 11mo 19d | 1y 8moMay 2015 - Jan 2017 |
Rate-hike selloffLate 2018 | -18.57%Dec 2018 | 10mo 29d | 3mo 19d | 1y 2moJan 2018 - Apr 2019 |
Drawdown Indicators
| AVEWX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.26% | -56.78% | +16.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -9.10% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -18.90% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -25.35% | -25.43% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -40.26% | -33.92% | -6.34% |
Current DrawdownCurrent decline from peak | -2.32% | -2.34% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -10.72% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 2.02% | +1.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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