AVEDX vs. ETIMX
AVEDX (Ave Maria Rising Dividend Fund) and ETIMX (Eventide Multi-Asset Income Fund) are both mutual funds - AVEDX is a Large Cap Blend Equities fund managed by Ave Maria, while ETIMX is a Diversified Portfolio fund managed by Eventide. Over the past 10 years, AVEDX returned 10.75%/yr vs 7.35%/yr for ETIMX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. AVEDX charges 0.90%/yr vs 0.82%/yr for ETIMX.
Performance
AVEDX vs. ETIMX - 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 ETIMX's 7.99% return. Over the past 10 years, AVEDX has outperformed ETIMX with an annualized return of 10.75%, while ETIMX has yielded a comparatively lower 7.35% 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%
ETIMX
- 1D
- 0.83%
- 1M
- -1.65%
- 6M
- 5.07%
- YTD
- 7.99%
- 1Y
- 10.17%
- 3Y*
- 9.98%
- 5Y*
- 4.99%
- 10Y*
- 7.35%
- ALL TIME*
- 7.99%
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. ETIMX - 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% |
ETIMX Eventide Multi-Asset Income Fund | 7.99% | 6.95% | 9.79% | 12.16% | -15.28% | 16.26% | 18.42% | 19.88% | -8.16% | 11.97% |
Correlation
The correlation between AVEDX and ETIMX is 0.58, 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. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.79 |
Over the past year, the correlation between AVEDX and ETIMX has dropped to 0.58 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
AVEDX vs. ETIMX — Risk / Return Rank
AVEDX
ETIMX
AVEDX vs. ETIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria Rising Dividend Fund (AVEDX) and Eventide Multi-Asset Income Fund (ETIMX). 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 | ETIMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.20 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.11 | -2.16 |
| Martin ratioReturn relative to average drawdown | -0.10 | 6.67 | -6.78 |
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Drawdowns
AVEDX vs. ETIMX - Drawdown Comparison
The maximum AVEDX drawdown since its inception was -47.25%, which is greater than ETIMX's maximum drawdown of -22.79%. Use the drawdown chart below to compare losses from any high point for AVEDX and ETIMX.
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Drawdown Indicators
| AVEDX | ETIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.25% | -22.79% | -24.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -4.81% | -6.05% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -11.14% | -4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -20.58% | +3.73% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | -22.79% | -16.12% |
Current DrawdownCurrent decline from peak | -5.88% | -3.51% | -2.37% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -4.13% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 1.52% | +4.04% |
Volatility
AVEDX vs. ETIMX - Volatility Comparison
Ave Maria Rising Dividend Fund (AVEDX) has a higher volatility of 3.71% compared to Eventide Multi-Asset Income Fund (ETIMX) at 2.50%. This indicates that AVEDX's price experiences larger fluctuations and is considered to be riskier than ETIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEDX | ETIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 2.50% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 7.30% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 8.89% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 9.87% | +6.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 10.10% | +7.87% |
AVEDX vs. ETIMX - Expense Ratio Comparison
AVEDX has a 0.90% expense ratio, which is higher than ETIMX's 0.82% expense ratio.
Dividends
AVEDX vs. ETIMX - Dividend Comparison
AVEDX's dividend yield for the trailing twelve months is around 5.38%, less than ETIMX's 6.02% 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% |
ETIMX Eventide Multi-Asset Income Fund | 6.02% | 6.38% | 1.86% | 1.63% | 2.95% | 5.86% | 2.00% | 2.90% | 4.29% | 4.40% | 2.66% | 0.00% |
Frequently Asked Questions
AVEDX and ETIMX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVEDX has higher volatility (3.71%) compared to ETIMX (2.50%). In terms of maximum drawdown, AVEDX dropped -47.25% vs ETIMX's -22.79%.
ETIMX currently has the higher Sharpe Ratio (1.14 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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