AQEIX vs. AVEGX

Last updated Aug 1, 2026

AQEIX (LKCM Aquinas Catholic Equity Fund) and AVEGX (Ave Maria Growth Fund) are both Large Cap Growth Equities funds. Over the past 10 years, AQEIX returned 10.52%/yr vs 13.39%/yr for AVEGX. Their correlation of 0.90 means they have usually moved in the same direction. AQEIX charges 1.00%/yr vs 0.90%/yr for AVEGX.

Performance

AQEIX vs. AVEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LKCM Aquinas Catholic Equity Fund (AQEIX) and Ave Maria Growth Fund (AVEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AQEIX achieves a 2.82% return, which is significantly lower than AVEGX's 14.25% return. Over the past 10 years, AQEIX has underperformed AVEGX with an annualized return of 10.52%, while AVEGX has yielded a comparatively higher 13.39% annualized return.

AQEIX

• 1D: 0.55%
• 1M: 1.00%
• 6M: 0.89%
• YTD: 2.82%
• 1Y: 4.90%
• 3Y*: 8.07%
• 5Y*: 4.48%
• 10Y*: 10.52%
• ALL TIME*: 7.55%

AVEGX

• 1D: 1.97%
• 1M: -3.01%
• 6M: 9.79%
• YTD: 14.25%
• 1Y: 15.90%
• 3Y*: 15.38%
• 5Y*: 7.74%
• 10Y*: 13.39%
• ALL TIME*: 11.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AQEIX LKCM Aquinas Catholic Equity Fund	$0.00	$0.00	$0.00
AVEGX Ave Maria Growth Fund	$0.00	$0.00	$0.00

AQEIX vs. AVEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AQEIX LKCM Aquinas Catholic Equity Fund	2.82%	6.72%	13.29%	14.08%	-18.24%	25.35%	24.23%	30.51%	-8.03%	20.80%
AVEGX Ave Maria Growth Fund	14.25%	8.23%	14.85%	30.29%	-21.23%	17.53%	18.41%	37.08%	-1.82%	27.40%

Correlation

The correlation between AQEIX and AVEGX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since May 5, 2003	0.90

The correlation between AQEIX and AVEGX shifts across timeframes, from 0.71 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AQEIX vs. AVEGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AQEIX

AQEIX Risk / Return Rank: 8
AQEIX Sharpe Ratio Rank: 8
AQEIX Sortino Ratio Rank: 7
AQEIX Omega Ratio Rank: 7
AQEIX Calmar Ratio Rank: 9
AQEIX Martin Ratio Rank: 10

AVEGX

AVEGX Risk / Return Rank: 27
AVEGX Sharpe Ratio Rank: 25
AVEGX Sortino Ratio Rank: 26
AVEGX Omega Ratio Rank: 24
AVEGX Calmar Ratio Rank: 28
AVEGX Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AQEIX vs. AVEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LKCM Aquinas Catholic Equity Fund (AQEIX) and Ave Maria Growth Fund (AVEGX). 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.

	AQEIX	AVEGX	Difference
Sharpe ratio: Return per unit of total volatility	0.22	0.83	-0.61
Sortino ratio: Return per unit of downside risk	0.38	1.28	-0.89
Omega ratio: Gain probability vs. loss probability	1.05	1.15	-0.11
Calmar ratio: Return relative to maximum drawdown	0.37	1.21	-0.85
Martin ratio: Return relative to average drawdown	1.17	4.29	-3.12

AQEIX vs. AVEGX - Sharpe Ratio Comparison

The current AQEIX Sharpe Ratio is 0.22, which is lower than the AVEGX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of AQEIX and AVEGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AQEIX vs. AVEGX - Drawdown Comparison

The maximum AQEIX drawdown since its inception was -54.20%, which is greater than AVEGX's maximum drawdown of -48.28%. Use the drawdown chart below to compare losses from any high point for AQEIX and AVEGX.

Drawdown Indicators

	AQEIX	AVEGX	Difference
Max Drawdown Largest peak-to-trough decline	-54.20%	-48.28%	-5.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-11.55%	+4.53%
Max Drawdown (3Y) Largest decline over 3 years	-19.25%	-17.17%	-2.08%
Max Drawdown (5Y) Largest decline over 5 years	-24.51%	-31.70%	+7.19%
Max Drawdown (10Y) Largest decline over 10 years	-33.65%	-36.95%	+3.30%
Current Drawdown Current decline from peak	-0.82%	-4.67%	+3.85%
Average Drawdown Average peak-to-trough decline	-8.67%	-5.99%	-2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	3.26%	-1.07%

Volatility

AQEIX vs. AVEGX - Volatility Comparison

The current volatility for LKCM Aquinas Catholic Equity Fund (AQEIX) is 2.94%, while Ave Maria Growth Fund (AVEGX) has a volatility of 4.29%. This indicates that AQEIX experiences smaller price fluctuations and is considered to be less risky than AVEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AQEIX	AVEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	4.29%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	8.37%	13.87%	-5.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.54%	16.86%	-5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.58%	18.73%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	19.02%	-0.98%

AQEIX vs. AVEGX - Expense Ratio Comparison

AQEIX has a 1.00% expense ratio, which is higher than AVEGX's 0.90% expense ratio.

Dividends

AQEIX vs. AVEGX - Dividend Comparison

AQEIX's dividend yield for the trailing twelve months is around 5.82%, more than AVEGX's 5.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AQEIX LKCM Aquinas Catholic Equity Fund	5.82%	5.98%	7.90%	2.63%	6.05%	12.61%	6.73%	10.98%	23.36%	8.24%	7.92%	7.69%
AVEGX Ave Maria Growth Fund	5.00%	5.71%	8.42%	2.59%	0.30%	12.04%	5.26%	1.70%	7.22%	9.37%	6.08%	9.89%

Frequently Asked Questions

Can I hold both AQEIX and AVEGX in my portfolio?

AQEIX and AVEGX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AQEIX or AVEGX?

AVEGX has higher volatility (4.29%) compared to AQEIX (2.94%). In terms of maximum drawdown, AQEIX dropped -54.20% vs AVEGX's -48.28%.

Which has better risk-adjusted returns?

AVEGX currently has the higher Sharpe Ratio (0.83 vs 0.22), 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.