AIWEX vs. APSTX
AIWEX (Cavanal Hill World Energy Fund Institutional Class) and APSTX (Cavanal Hill Limited Duration Fund) are both mutual funds - AIWEX is a Energy Equities fund actively managed by Cavanal Hill, while APSTX is a Short-Term Bond fund managed by Cavanal Hill. Over the past 10 years, AIWEX returned 12.17%/yr vs 1.81%/yr for APSTX. Their -0.12 correlation means they have often moved in opposite directions in the past. AIWEX charges 0.91%/yr vs 0.76%/yr for APSTX.
Performance
AIWEX vs. APSTX - Performance Comparison
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Returns By Period
In the year-to-date period, AIWEX achieves a 26.43% return, which is significantly higher than APSTX's 0.27% return. Over the past 10 years, AIWEX has outperformed APSTX with an annualized return of 12.17%, while APSTX has yielded a comparatively lower 1.81% annualized return.
AIWEX
- 1D
- 1.38%
- 1M
- 3.58%
- 6M
- 13.17%
- YTD
- 26.43%
- 1Y
- 35.22%
- 3Y*
- 20.04%
- 5Y*
- 22.25%
- 10Y*
- 12.17%
- ALL TIME*
- 9.19%
APSTX
- 1D
- -0.32%
- 1M
- -0.64%
- 6M
- 0.02%
- YTD
- 0.27%
- 1Y
- 1.84%
- 3Y*
- 4.57%
- 5Y*
- 1.69%
- 10Y*
- 1.81%
- ALL TIME*
- 4.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AIWEX vs. APSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIWEX Cavanal Hill World Energy Fund Institutional Class | 26.43% | 21.74% | 13.42% | 4.93% | 32.76% | 36.90% | 0.25% | 8.00% | -24.31% | -1.59% |
APSTX Cavanal Hill Limited Duration Fund | 0.27% | 5.21% | 4.96% | 5.13% | -5.78% | -0.73% | 3.83% | 4.02% | 1.17% | 1.06% |
Correlation
The correlation between AIWEX and APSTX is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | -0.12 |
The correlation between AIWEX and APSTX shifts across timeframes, from -0.20 (1 year) to -0.06 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AIWEX vs. APSTX — Risk / Return Rank
AIWEX
APSTX
AIWEX vs. APSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill World Energy Fund Institutional Class (AIWEX) and Cavanal Hill Limited Duration Fund (APSTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AIWEX | APSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 1.63 | +1.29 |
| Martin ratioReturn relative to average drawdown | 8.45 | 4.58 | +3.87 |
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Drawdowns
AIWEX vs. APSTX - Drawdown Comparison
The maximum AIWEX drawdown since its inception was -57.44%, which is greater than APSTX's maximum drawdown of -19.32%. Use the drawdown chart below to compare losses from any high point for AIWEX and APSTX.
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Drawdown Indicators
| AIWEX | APSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.44% | -19.32% | -38.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.96% | -1.48% | -9.48% |
Max Drawdown (3Y)Largest decline over 3 years | -23.00% | -1.48% | -21.52% |
Max Drawdown (5Y)Largest decline over 5 years | -25.68% | -8.38% | -17.30% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | -8.57% | -48.87% |
Current DrawdownCurrent decline from peak | -7.29% | -0.97% | -6.32% |
Average DrawdownAverage peak-to-trough decline | -12.72% | -1.17% | -11.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 0.52% | +3.33% |
Volatility
AIWEX vs. APSTX - Volatility Comparison
Cavanal Hill World Energy Fund Institutional Class (AIWEX) has a higher volatility of 5.52% compared to Cavanal Hill Limited Duration Fund (APSTX) at 0.65%. This indicates that AIWEX's price experiences larger fluctuations and is considered to be riskier than APSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIWEX | APSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 0.65% | +4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.03% | 1.74% | +12.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 2.25% | +16.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.56% | 2.57% | +22.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.85% | 2.13% | +23.72% |
AIWEX vs. APSTX - Expense Ratio Comparison
AIWEX has a 0.91% expense ratio, which is higher than APSTX's 0.76% expense ratio.
Dividends
AIWEX vs. APSTX - Dividend Comparison
AIWEX's dividend yield for the trailing twelve months is around 0.93%, less than APSTX's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIWEX Cavanal Hill World Energy Fund Institutional Class | 0.93% | 0.81% | 1.97% | 1.80% | 2.18% | 1.63% | 1.81% | 2.27% | 1.65% | 0.67% | 1.22% | 1.00% |
APSTX Cavanal Hill Limited Duration Fund | 3.03% | 3.23% | 2.85% | 2.60% | 2.02% | 1.46% | 1.58% | 2.24% | 2.00% | 1.38% | 1.24% | 21.97% |
Frequently Asked Questions
AIWEX and APSTX have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIWEX has higher volatility (5.52%) compared to APSTX (0.65%). In terms of maximum drawdown, AIWEX dropped -57.44% vs APSTX's -19.32%.
AIWEX currently has the higher Sharpe Ratio (1.72 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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