AVEDX vs. AVEWX
AVEDX (Ave Maria Rising Dividend Fund) and AVEWX (Ave Maria World Equity Fund) are both mutual funds - AVEDX is a Large Cap Blend Equities fund managed by Ave Maria Mutual Funds, while AVEWX is a Global Equities fund managed by Ave Maria Mutual Funds. Over the past 10 years, AVEDX returned 10.62%/yr vs 9.18%/yr for AVEWX. Their correlation of 0.89 suggests significant overlap in exposure. AVEDX charges 0.90%/yr vs 1.18%/yr for AVEWX.
Performance
AVEDX vs. AVEWX - Performance Comparison
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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%
AVEDX vs. AVEWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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
AVEDX
AVEWX
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.
| AVEDX | AVEWX | Difference | |
|---|---|---|---|
| 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 |
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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
| AVEDX | AVEWX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -9.90% | 0.00% | -9.90% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -5.62% | -0.21% |
Ulcer IndexDepth 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
| AVEDX | AVEWX | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
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