APWEX vs. APSTX
APWEX (Cavanal Hill World Energy Fund) and APSTX (Cavanal Hill Limited Duration Fund) are both mutual funds - APWEX is a Energy Equities fund managed by Cavanal Hill funds, while APSTX is a Short-Term Bond fund managed by Cavanal Hill funds. Over the past 10 years, APWEX returned 11.77%/yr vs 1.86%/yr for APSTX. At a correlation of -0.12, they often move in opposite directions. APWEX charges 1.15%/yr vs 0.76%/yr for APSTX.
Performance
APWEX vs. APSTX - Performance Comparison
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Returns By Period
In the year-to-date period, APWEX achieves a 26.79% return, which is significantly higher than APSTX's 0.53% return. Over the past 10 years, APWEX has outperformed APSTX with an annualized return of 11.77%, while APSTX has yielded a comparatively lower 1.86% annualized return.
APWEX
- 1D
- 1.56%
- 1M
- -4.62%
- YTD
- 26.79%
- 6M
- 25.59%
- 1Y
- 35.65%
- 3Y*
- 25.23%
- 5Y*
- 19.30%
- 10Y*
- 11.77%
APSTX
- 1D
- -0.11%
- 1M
- 0.41%
- YTD
- 0.53%
- 6M
- 0.89%
- 1Y
- 2.77%
- 3Y*
- 4.75%
- 5Y*
- 1.81%
- 10Y*
- 1.86%
APWEX vs. APSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APWEX Cavanal Hill World Energy Fund | 26.79% | 21.35% | 13.22% | 4.57% | 32.44% | 36.63% | -0.00% | 8.29% | -24.50% | -1.94% |
APSTX Cavanal Hill Limited Duration Fund | 0.53% | 5.21% | 4.96% | 5.13% | -5.78% | -0.73% | 3.83% | 4.02% | 1.17% | 1.06% |
Correlation
The correlation between APWEX and APSTX is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2014 | -0.12 |
The correlation between APWEX and APSTX shifts across timeframes, from -0.18 (1 year) to -0.04 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
APWEX vs. APSTX — Risk / Return Rank
APWEX
APSTX
APWEX vs. APSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill World Energy Fund (APWEX) 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.
| APWEX | APSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 2.04 | +1.81 |
| Martin ratioReturn relative to average drawdown | 12.36 | 5.81 | +6.55 |
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Drawdowns
APWEX vs. APSTX - Drawdown Comparison
The maximum APWEX drawdown since its inception was -61.57%, which is greater than APSTX's maximum drawdown of -19.32%. Use the drawdown chart below to compare losses from any high point for APWEX and APSTX.
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Drawdown Indicators
| APWEX | APSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.57% | -19.32% | -42.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.58% | -1.48% | -7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -23.02% | -1.48% | -21.54% |
Max Drawdown (5Y)Largest decline over 5 years | -25.75% | -8.47% | -17.28% |
Max Drawdown (10Y)Largest decline over 10 years | -57.43% | -8.57% | -48.86% |
Current DrawdownCurrent decline from peak | -6.98% | -0.72% | -6.26% |
Average DrawdownAverage peak-to-trough decline | -17.01% | -1.17% | -15.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 0.52% | +2.17% |
Volatility
APWEX vs. APSTX - Volatility Comparison
Cavanal Hill World Energy Fund (APWEX) has a higher volatility of 5.86% compared to Cavanal Hill Limited Duration Fund (APSTX) at 0.65%. This indicates that APWEX'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
| APWEX | APSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 0.65% | +5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.29% | 1.64% | +11.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 2.30% | +15.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.77% | 2.56% | +23.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.86% | 2.13% | +23.73% |
APWEX vs. APSTX - Expense Ratio Comparison
APWEX has a 1.15% expense ratio, which is higher than APSTX's 0.76% expense ratio.
Dividends
APWEX vs. APSTX - Dividend Comparison
APWEX's dividend yield for the trailing twelve months is around 0.59%, less than APSTX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APSTX Cavanal Hill Limited Duration Fund | 3.28% | 3.23% | 2.85% | 2.60% | 2.02% | 1.46% | 1.58% | 2.24% | 2.00% | 1.38% | 1.24% | 21.97% |
APWEX Cavanal Hill World Energy Fund | 0.59% | 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
APWEX and APSTX have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APWEX has higher volatility (5.86%) compared to APSTX (0.65%). In terms of maximum drawdown, APWEX dropped -61.57% vs APSTX's -19.32%.
APWEX currently has the higher Sharpe Ratio (1.82 vs 1.31), 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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