APBDX vs. APWEX
APBDX (Cavanal Hill Bond Fund) and APWEX (Cavanal Hill World Energy Fund) are both mutual funds - APBDX is a Intermediate Core Bond fund managed by Cavanal Hill funds, while APWEX is a Energy Equities fund managed by Cavanal Hill funds. Over the past 10 years, APBDX returned 0.95%/yr vs 11.43%/yr for APWEX. At a correlation of -0.17, they often move in opposite directions. APBDX charges 0.72%/yr vs 1.15%/yr for APWEX.
Performance
APBDX vs. APWEX - Performance Comparison
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Returns By Period
In the year-to-date period, APBDX achieves a 0.14% return, which is significantly lower than APWEX's 24.92% return. Over the past 10 years, APBDX has underperformed APWEX with an annualized return of 0.95%, while APWEX has yielded a comparatively higher 11.43% annualized return.
APBDX
- 1D
- 0.12%
- 1M
- -0.04%
- 6M
- 0.03%
- YTD
- 0.14%
- 1Y
- 3.93%
- 3Y*
- 4.12%
- 5Y*
- -0.34%
- 10Y*
- 0.95%
APWEX
- 1D
- -0.23%
- 1M
- -2.49%
- 6M
- 20.31%
- YTD
- 24.92%
- 1Y
- 30.95%
- 3Y*
- 22.05%
- 5Y*
- 19.66%
- 10Y*
- 11.43%
APBDX vs. APWEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APBDX Cavanal Hill Bond Fund | 0.14% | 6.49% | 1.90% | 5.47% | -13.46% | -1.57% | 6.67% | 7.17% | 0.02% | 2.18% |
APWEX Cavanal Hill World Energy Fund | 24.92% | 21.35% | 13.22% | 4.57% | 32.44% | 36.63% | -0.00% | 8.29% | -24.50% | -1.94% |
Correlation
The correlation between APBDX and APWEX is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2014 | -0.17 |
The correlation between APBDX and APWEX shifts across timeframes, from -0.19 (1 year) to -0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
APBDX vs. APWEX — Risk / Return Rank
APBDX
APWEX
APBDX vs. APWEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill Bond Fund (APBDX) and Cavanal Hill World Energy Fund (APWEX). 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.
| APBDX | APWEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.15 | -1.92 |
| Martin ratioReturn relative to average drawdown | 3.38 | 9.84 | -6.45 |
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Drawdowns
APBDX vs. APWEX - Drawdown Comparison
The maximum APBDX drawdown since its inception was -18.21%, smaller than the maximum APWEX drawdown of -61.57%. Use the drawdown chart below to compare losses from any high point for APBDX and APWEX.
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Drawdown Indicators
| APBDX | APWEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.21% | -61.57% | +43.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -10.50% | +7.67% |
Max Drawdown (3Y)Largest decline over 3 years | -5.81% | -23.02% | +17.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.21% | -25.75% | +7.54% |
Max Drawdown (10Y)Largest decline over 10 years | -18.21% | -57.43% | +39.22% |
Current DrawdownCurrent decline from peak | -2.41% | -8.35% | +5.94% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -16.98% | +14.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 3.35% | -2.33% |
Volatility
APBDX vs. APWEX - Volatility Comparison
The current volatility for Cavanal Hill Bond Fund (APBDX) is 0.96%, while Cavanal Hill World Energy Fund (APWEX) has a volatility of 5.49%. This indicates that APBDX experiences smaller price fluctuations and is considered to be less risky than APWEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APBDX | APWEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 5.49% | -4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 13.55% | -10.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 18.35% | -14.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 25.70% | -19.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 25.80% | -21.07% |
APBDX vs. APWEX - Expense Ratio Comparison
APBDX has a 0.72% expense ratio, which is lower than APWEX's 1.15% expense ratio.
Dividends
APBDX vs. APWEX - Dividend Comparison
APBDX's dividend yield for the trailing twelve months is around 3.78%, more than APWEX's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APBDX Cavanal Hill Bond Fund | 3.78% | 3.54% | 3.45% | 2.65% | 2.41% | 1.85% | 1.79% | 2.24% | 2.16% | 1.62% | 1.97% | 1.79% |
APWEX Cavanal Hill World Energy Fund | 0.73% | 0.45% | 1.80% | 1.54% | 1.95% | 1.44% | 1.54% | 2.57% | 1.26% | 0.43% | 0.97% | 0.67% |
Frequently Asked Questions
APBDX and APWEX have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APWEX has higher volatility (5.49%) compared to APBDX (0.96%). In terms of maximum drawdown, APBDX dropped -18.21% vs APWEX's -61.57%.
APWEX currently has the higher Sharpe Ratio (1.80 vs 0.93), 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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