AVEDX vs. CVX
AVEDX (Ave Maria Rising Dividend Fund) is Large Cap Blend Equities fund managed by Ave Maria Mutual Funds, while CVX (Chevron Corporation) is a stock. Over the past 10 years, AVEDX returned 10.54%/yr vs 10.03%/yr for CVX. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
AVEDX vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, AVEDX achieves a 1.77% return, which is significantly lower than CVX's 21.82% return. Both investments have delivered pretty close results over the past 10 years, with AVEDX having a 10.54% annualized return and CVX not far behind at 10.03%.
AVEDX
- 1D
- 0.65%
- 1M
- 2.11%
- 6M
- -2.50%
- YTD
- 1.77%
- 1Y
- -2.79%
- 3Y*
- 7.40%
- 5Y*
- 8.11%
- 10Y*
- 10.54%
CVX
- 1D
- 3.29%
- 1M
- -2.68%
- 6M
- 14.37%
- YTD
- 21.82%
- 1Y
- 22.23%
- 3Y*
- 10.41%
- 5Y*
- 17.01%
- 10Y*
- 10.03%
AVEDX vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVEDX Ave Maria Rising Dividend Fund | 1.77% | -0.43% | 14.36% | 26.37% | -5.18% | 25.31% | 6.46% | 27.56% | -4.83% | 16.84% |
CVX Chevron Corporation | 21.82% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between AVEDX and CVX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 3, 2005 | 0.57 |
Over the past year, the correlation between AVEDX and CVX has dropped to 0.10 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
AVEDX vs. CVX — Risk / Return Rank
AVEDX
CVX
AVEDX vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria Rising Dividend Fund (AVEDX) and Chevron Corporation (CVX). 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 | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.18 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.07 | -1.38 |
| Martin ratioReturn relative to average drawdown | -0.62 | 3.03 | -3.65 |
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Drawdowns
AVEDX vs. CVX - Drawdown Comparison
The maximum AVEDX drawdown since its inception was -47.25%, smaller than the maximum CVX drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for AVEDX and CVX.
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Drawdown Indicators
| AVEDX | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.25% | -55.77% | +8.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -20.81% | +9.95% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -20.81% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -24.95% | +8.10% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | -55.77% | +16.86% |
Current DrawdownCurrent decline from peak | -7.75% | -12.92% | +5.17% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -11.40% | +5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.46% | 7.36% | -1.90% |
Volatility
AVEDX vs. CVX - Volatility Comparison
The current volatility for Ave Maria Rising Dividend Fund (AVEDX) is 4.09%, while Chevron Corporation (CVX) has a volatility of 8.57%. This indicates that AVEDX experiences smaller price fluctuations and is considered to be less risky than CVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEDX | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 8.57% | -4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 17.78% | -8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 22.79% | -10.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 25.21% | -8.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.95% | 29.24% | -11.29% |
Dividends
AVEDX vs. CVX - Dividend Comparison
AVEDX's dividend yield for the trailing twelve months is around 5.49%, more than CVX's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEDX Ave Maria Rising Dividend Fund | 5.49% | 5.49% | 6.43% | 12.61% | 7.94% | 10.53% | 2.60% | 8.03% | 10.88% | 6.32% | 6.95% | 7.11% |
CVX Chevron Corporation | 3.83% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
Frequently Asked Questions
AVEDX and CVX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVX has higher volatility (8.57%) compared to AVEDX (4.09%). In terms of maximum drawdown, AVEDX dropped -47.25% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (0.98 vs -0.27), 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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