AOK vs. AVEFX
AOK (iShares Core Conservative Allocation ETF) and AVEFX (Ave Maria Bond Fund) are both Diversified Portfolio funds. Over the past 10 years, AOK returned 5.14%/yr vs 3.86%/yr for AVEFX. A 0.71 correlation means they provide meaningful diversification when combined. AOK charges 0.25%/yr vs 0.41%/yr for AVEFX.
Performance
AOK vs. AVEFX - Performance Comparison
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Returns By Period
In the year-to-date period, AOK achieves a 4.26% return, which is significantly higher than AVEFX's 1.45% return. Over the past 10 years, AOK has outperformed AVEFX with an annualized return of 5.14%, while AVEFX has yielded a comparatively lower 3.86% annualized return.
AOK
- 1D
- -0.41%
- 1M
- 1.66%
- YTD
- 4.26%
- 6M
- 4.14%
- 1Y
- 12.11%
- 3Y*
- 9.28%
- 5Y*
- 3.71%
- 10Y*
- 5.14%
AVEFX
- 1D
- 0.08%
- 1M
- -0.42%
- YTD
- 1.45%
- 6M
- 1.42%
- 1Y
- 4.53%
- 3Y*
- 5.73%
- 5Y*
- 2.86%
- 10Y*
- 3.86%
AOK vs. AVEFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core Conservative Allocation ETF | 4.26% | 11.26% | 6.58% | 10.85% | -14.16% | 4.87% | 9.33% | 13.90% | -3.09% | 9.70% |
AVEFX Ave Maria Bond Fund | 1.45% | 5.63% | 5.71% | 5.16% | -2.84% | 4.38% | 5.60% | 8.30% | 0.41% | 4.16% |
Correlation
The correlation between AOK and AVEFX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2008 | 0.71 |
The correlation between AOK and AVEFX shifts across timeframes, from 0.59 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AOK vs. AVEFX — Risk / Return Rank
AOK
AVEFX
AOK vs. AVEFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Allocation ETF (AOK) and Ave Maria Bond Fund (AVEFX). 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.
| AOK | AVEFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.29 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.87 | +0.84 |
| Martin ratioReturn relative to average drawdown | 11.50 | 5.07 | +6.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AOK | AVEFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.64 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.70 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.97 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 1.10 | -0.39 |
Drawdowns
AOK vs. AVEFX - Drawdown Comparison
The maximum AOK drawdown since its inception was -18.94%, which is greater than AVEFX's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for AOK and AVEFX.
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Drawdown Indicators
| AOK | AVEFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -10.24% | -8.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -2.58% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -6.37% | -2.82% | -3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -7.70% | -11.24% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | -10.24% | -8.70% |
Current DrawdownCurrent decline from peak | -0.41% | -2.11% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -0.97% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.95% | +0.11% |
Volatility
AOK vs. AVEFX - Volatility Comparison
iShares Core Conservative Allocation ETF (AOK) has a higher volatility of 1.97% compared to Ave Maria Bond Fund (AVEFX) at 0.83%. This indicates that AOK's price experiences larger fluctuations and is considered to be riskier than AVEFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOK | AVEFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 0.83% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 2.26% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.76% | 2.93% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 4.13% | +2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.71% | 4.02% | +2.69% |
AOK vs. AVEFX - Expense Ratio Comparison
AOK has a 0.25% expense ratio, which is lower than AVEFX's 0.41% expense ratio.
Dividends
AOK vs. AVEFX - Dividend Comparison
AOK's dividend yield for the trailing twelve months is around 3.28%, less than AVEFX's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core Conservative Allocation ETF | 3.28% | 3.28% | 3.23% | 2.93% | 2.25% | 1.55% | 2.10% | 2.71% | 2.68% | 2.91% | 2.14% | 2.02% |
AVEFX Ave Maria Bond Fund | 3.47% | 3.51% | 2.94% | 2.47% | 3.59% | 2.32% | 2.43% | 3.31% | 3.21% | 2.04% | 2.94% | 1.89% |
Frequently Asked Questions
AOK and AVEFX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOK has higher volatility (1.97%) compared to AVEFX (0.83%). In terms of maximum drawdown, AOK dropped -18.94% vs AVEFX's -10.24%.
AOK currently has the higher Sharpe Ratio (2.11 vs 1.64), 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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