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, while AVEWX is a Global Equities fund managed by Ave Maria. Over the past 10 years, AVEDX returned 10.75%/yr vs 9.01%/yr for AVEWX. Their correlation of 0.88 means they have usually moved in the same direction. 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 3.83% return, which is significantly lower than AVEWX's 14.34% return. Over the past 10 years, AVEDX has outperformed AVEWX with an annualized return of 10.75%, while AVEWX has yielded a comparatively lower 9.01% annualized return.
AVEDX
- 1D
- -0.72%
- 1M
- 0.82%
- 6M
- -0.92%
- YTD
- 3.83%
- 1Y
- 1.41%
- 3Y*
- 7.44%
- 5Y*
- 8.53%
- 10Y*
- 10.75%
- ALL TIME*
- 9.77%
AVEWX
- 1D
- 2.80%
- 1M
- 1.27%
- 6M
- 10.94%
- YTD
- 14.34%
- 1Y
- 16.30%
- 3Y*
- 12.05%
- 5Y*
- 8.19%
- 10Y*
- 9.01%
- ALL TIME*
- 7.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AVEDX vs. AVEWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVEDX Ave Maria Rising Dividend Fund | 3.83% | -0.43% | 14.36% | 26.37% | -5.18% | 25.31% | 6.46% | 27.56% | -4.83% | 16.84% |
AVEWX Ave Maria World Equity Fund | 14.34% | 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 0.54, 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. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 3, 2010 | 0.88 |
Over the past year, the correlation between AVEDX and AVEWX has dropped to 0.54 - well below their long-term average of 0.88, 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 | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.16 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.42 | -1.47 |
| Martin ratioReturn relative to average drawdown | -0.10 | 4.42 | -4.52 |
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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 | -5.88% | -0.77% | -5.11% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -5.59% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 3.30% | +2.26% |
Volatility
AVEDX vs. AVEWX - Volatility Comparison
The current volatility for Ave Maria Rising Dividend Fund (AVEDX) is 3.71%, while Ave Maria World Equity Fund (AVEWX) has a volatility of 4.66%. 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 | 3.71% | 4.66% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 13.78% | -4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 16.90% | -4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 17.58% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 18.23% | -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 5.38%, more than AVEWX's 2.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEDX Ave Maria Rising Dividend Fund | 5.38% | 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 | 2.22% | 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 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVEWX has higher volatility (4.66%) compared to AVEDX (3.71%). In terms of maximum drawdown, AVEDX dropped -47.25% vs AVEWX's -40.26%.
AVEWX currently has the higher Sharpe Ratio (0.87 vs -0.05), 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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