AVEDX vs. XLE
AVEDX (Ave Maria Rising Dividend Fund) and XLE (State Street Energy Select Sector SPDR ETF) are both funds - AVEDX is a Large Cap Blend Equities fund managed by Ave Maria, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. Over the past 10 years, AVEDX returned 10.75%/yr vs 10.52%/yr for XLE. Their 0.62 correlation means they have sometimes moved together and sometimes differently. AVEDX charges 0.90%/yr vs 0.08%/yr for XLE.
Performance
AVEDX vs. XLE - 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 XLE's 35.03% return. Both investments have delivered pretty close results over the past 10 years, with AVEDX having a 10.75% annualized return and XLE not far behind at 10.52%.
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%
XLE
- 1D
- 1.00%
- 1M
- 11.89%
- 6M
- 18.26%
- YTD
- 35.03%
- 1Y
- 43.49%
- 3Y*
- 14.62%
- 5Y*
- 23.67%
- 10Y*
- 10.52%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.70B | $1.73B | $1.97B |
AVEDX vs. XLE - 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% |
XLE State Street Energy Select Sector SPDR ETF | 35.03% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between AVEDX and XLE is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 3, 2005 | 0.62 |
Over the past year, the correlation between AVEDX and XLE has dropped to 0.13 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
AVEDX vs. XLE — Risk / Return Rank
AVEDX
XLE
AVEDX vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria Rising Dividend Fund (AVEDX) and State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.32 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.74 | -2.79 |
| Martin ratioReturn relative to average drawdown | -0.10 | 7.32 | -7.42 |
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Drawdowns
AVEDX vs. XLE - Drawdown Comparison
The maximum AVEDX drawdown since its inception was -47.25%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for AVEDX and XLE.
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Drawdown Indicators
| AVEDX | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.25% | -71.26% | +24.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -14.98% | +4.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -20.14% | +4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -26.04% | +9.19% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | -66.81% | +27.90% |
Current DrawdownCurrent decline from peak | -5.88% | -4.13% | -1.75% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -17.93% | +12.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 5.62% | -0.06% |
Volatility
AVEDX vs. XLE - Volatility Comparison
The current volatility for Ave Maria Rising Dividend Fund (AVEDX) is 3.71%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 5.85%. This indicates that AVEDX experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEDX | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 5.85% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 16.71% | -7.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 21.05% | -8.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 25.77% | -9.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 29.57% | -11.60% |
AVEDX vs. XLE - Expense Ratio Comparison
AVEDX has a 0.90% expense ratio, which is higher than XLE's 0.08% expense ratio.
Dividends
AVEDX vs. XLE - Dividend Comparison
AVEDX's dividend yield for the trailing twelve months is around 5.38%, more than XLE's 2.55% 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% |
XLE State Street Energy Select Sector SPDR ETF | 2.55% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
AVEDX and XLE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (5.85%) compared to AVEDX (3.71%). In terms of maximum drawdown, AVEDX dropped -47.25% vs XLE's -71.26%.
XLE currently has the higher Sharpe Ratio (1.95 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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