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AVEDX vs. AVEWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

AVEDX vs. AVEWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ave Maria Rising Dividend Fund (AVEDX) and Ave Maria World Equity Fund (AVEWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AVEDX achieves a -0.61% return, which is significantly lower than AVEWX's 12.53% return. Over the past 10 years, AVEDX has outperformed AVEWX with an annualized return of 10.62%, while AVEWX has yielded a comparatively lower 9.18% annualized return.


AVEDX

1D
0.85%
1M
0.85%
YTD
-0.61%
6M
-2.10%
1Y
-2.88%
3Y*
11.21%
5Y*
8.43%
10Y*
10.62%

AVEWX

1D
1.72%
1M
4.03%
YTD
12.53%
6M
12.29%
1Y
17.32%
3Y*
12.32%
5Y*
8.51%
10Y*
9.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVEDX vs. AVEWX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
AVEDX
Ave Maria Rising Dividend Fund
-0.61%-0.43%14.36%26.37%-5.18%25.31%6.46%27.56%-4.83%16.84%
AVEWX
Ave Maria World Equity Fund
12.53%10.57%4.64%24.96%-15.48%21.06%-0.15%27.63%-8.87%17.89%

Correlation

The correlation between AVEDX and AVEWX is 0.62, 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

0.62

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (5Y)
Calculated over the trailing 5-year period

0.82

Correlation (10Y)
Calculated over the trailing 10-year period

0.87

Correlation (All Time)
Calculated using the full available price history since May 3, 2010

0.89

Over the past year, the correlation between AVEDX and AVEWX has dropped to 0.62 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

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Return for Risk

AVEDX vs. AVEWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVEDX
AVEDX Risk / Return Rank: 22
Overall Rank
AVEDX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
AVEDX Sortino Ratio Rank: 22
Sortino Ratio Rank
AVEDX Omega Ratio Rank: 22
Omega Ratio Rank
AVEDX Calmar Ratio Rank: 22
Calmar Ratio Rank
AVEDX Martin Ratio Rank: 22
Martin Ratio Rank

AVEWX
AVEWX Risk / Return Rank: 1717
Overall Rank
AVEWX Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
AVEWX Sortino Ratio Rank: 1414
Sortino Ratio Rank
AVEWX Omega Ratio Rank: 1414
Omega Ratio Rank
AVEWX Calmar Ratio Rank: 2121
Calmar Ratio Rank
AVEWX Martin Ratio Rank: 2121
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVEDX vs. AVEWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ave Maria Rising Dividend Fund (AVEDX) and Ave Maria World Equity Fund (AVEWX). 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.


AVEDXAVEWXDifference
Sharpe ratioReturn per unit of total volatility

-1.24

Sortino ratioReturn per unit of downside risk

-1.70

Omega ratioGain probability vs. loss probability

0.97

1.18

-0.21

Calmar ratioReturn relative to maximum drawdown

-0.27

1.59

-1.86

Martin ratioReturn relative to average drawdown

-0.55

4.96

-5.51

AVEDX vs. AVEWX - Sharpe Ratio Comparison

The current AVEDX Sharpe Ratio is -0.24, which is lower than the AVEWX Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of AVEDX and AVEWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

AVEDX vs. AVEWX - Drawdown Comparison

The maximum AVEDX drawdown since its inception was -47.25%, which is greater than AVEWX's maximum drawdown of -40.26%. Use the drawdown chart below to compare losses from any high point for AVEDX and AVEWX.


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Drawdown Indicators


AVEDXAVEWXDifference

Max Drawdown

Largest peak-to-trough decline

-47.25%

-40.26%

-6.99%

Max Drawdown (1Y)

Largest decline over 1 year

-10.86%

-10.31%

-0.55%

Max Drawdown (3Y)

Largest decline over 3 years

-15.53%

-17.03%

+1.50%

Max Drawdown (5Y)

Largest decline over 5 years

-16.85%

-25.35%

+8.50%

Max Drawdown (10Y)

Largest decline over 10 years

-38.91%

-40.26%

+1.35%

Current Drawdown

Current decline from peak

-9.90%

0.00%

-9.90%

Average Drawdown

Average peak-to-trough decline

-5.83%

-5.62%

-0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.23%

3.30%

+1.93%

Volatility

AVEDX vs. AVEWX - Volatility Comparison

The current volatility for Ave Maria Rising Dividend Fund (AVEDX) is 3.50%, while Ave Maria World Equity Fund (AVEWX) has a volatility of 5.65%. This indicates that AVEDX experiences smaller price fluctuations and is considered to be less risky than AVEWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


AVEDXAVEWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.50%

5.65%

-2.15%

Volatility (6M)

Calculated over the trailing 6-month period

9.39%

13.16%

-3.77%

Volatility (1Y)

Calculated over the trailing 1-year period

12.22%

16.36%

-4.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.50%

17.47%

-0.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.03%

18.29%

-0.26%

AVEDX vs. AVEWX - Expense Ratio Comparison

AVEDX has a 0.90% expense ratio, which is lower than AVEWX's 1.18% expense ratio.


Dividends

AVEDX vs. AVEWX - Dividend Comparison

AVEDX's dividend yield for the trailing twelve months is around 5.57%, more than AVEWX's 2.26% yield.


PositionTTM20252024202320222021202020192018201720162015
AVEDX
Ave Maria Rising Dividend Fund
5.57%5.49%6.43%12.61%7.94%10.53%2.60%8.03%10.88%6.32%6.95%7.11%
AVEWX
Ave Maria World Equity Fund
2.26%2.54%0.92%3.82%1.19%0.34%0.47%4.57%4.87%3.03%1.95%1.86%

Frequently Asked Questions


AVEDX and AVEWX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AVEWX has higher volatility (5.65%) compared to AVEDX (3.50%). In terms of maximum drawdown, AVEDX dropped -47.25% vs AVEWX's -40.26%.

AVEWX currently has the higher Sharpe Ratio (1.00 vs -0.24), 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.

Portfolio Optimizer

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