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Ave Maria World Equity Fund (AVEWX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 5, 2026
Documentation

The fund will invest at least 80% of its net assets, including the amount of any borrowings for investment purposes, in common stocks of U.S. and non-U.S. companies. It will invest at least 60% of its net assets in common stocks issued by non-U.S. companies. Under normal circumstances, all of the fund's equity investments (which include common stocks, preferred stocks and securities convertible into common stock) and at least 80% of its net assets will be invested in companies meeting the fund's religious criteria. It invests in securities of established companies of various market capitalizations.

Looking to diversify beyond AVEWX? The mutual funds below have historically moved differently from AVEWX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for AVEWX

2 mutual funds have low correlation with AVEWX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.12, down from 0.60 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GQFPX
GQG Partners Global Quality Dividend Income Fund0.120.470.60
63
Quality Factor, Global EquitiesAVEWX vs GQFPX
CSUAX
Cohen & Steers Global Infrastructure Fund Class A0.260.420.57
66
Infrastructure Equities, Global EquitiesAVEWX vs CSUAX
FGIAX
Nuveen Global Infrastructure Fund Class A0.340.500.64
52
Infrastructure Equities, Global EquitiesAVEWX vs FGIAX
MBXIX
Catalyst/Millburn Hedge Strategy Fund Class I0.400.360.39
95
Multistrategy, Systematic Trend, Global EquitiesAVEWX vs MBXIX
MBXAX
Catalyst/Millburn Hedge Strategy Fund0.400.360.39
95
Multistrategy, Systematic Trend, Global EquitiesAVEWX vs MBXAX
See all 36 diversifiers for AVEWX

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