AVEFX vs. AVEDX
AVEFX (Ave Maria Bond Fund) and AVEDX (Ave Maria Rising Dividend Fund) are both mutual funds - AVEFX is a Diversified Portfolio fund managed by Ave Maria, while AVEDX is a Large Cap Blend Equities fund managed by Ave Maria. Over the past 10 years, AVEFX returned 3.78%/yr vs 10.87%/yr for AVEDX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. AVEFX charges 0.41%/yr vs 0.90%/yr for AVEDX.
Performance
AVEFX vs. AVEDX - Performance Comparison
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Returns By Period
In the year-to-date period, AVEFX achieves a 1.67% return, which is significantly lower than AVEDX's 4.02% return. Over the past 10 years, AVEFX has underperformed AVEDX with an annualized return of 3.78%, while AVEDX has yielded a comparatively higher 10.87% annualized return.
AVEFX
- 1D
- -0.65%
- 1M
- -0.16%
- 6M
- -0.16%
- YTD
- 1.67%
- 1Y
- 3.49%
- 3Y*
- 5.60%
- 5Y*
- 2.91%
- 10Y*
- 3.78%
- ALL TIME*
- 4.09%
AVEDX
- 1D
- 0.18%
- 1M
- 1.00%
- 6M
- -1.23%
- YTD
- 4.02%
- 1Y
- 1.59%
- 3Y*
- 7.57%
- 5Y*
- 8.57%
- 10Y*
- 10.87%
- ALL TIME*
- 9.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
AVEFX Ave Maria Bond Fund | $0.00 | $0.00 | $0.00 |
AVEFX vs. AVEDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVEFX Ave Maria Bond Fund | 1.67% | 5.63% | 5.71% | 5.16% | -2.84% | 4.38% | 5.60% | 8.30% | 0.41% | 4.16% |
AVEDX Ave Maria Rising Dividend Fund | 4.02% | -0.43% | 14.36% | 26.37% | -5.18% | 25.31% | 6.46% | 27.56% | -4.83% | 16.84% |
Correlation
The correlation between AVEFX and AVEDX is 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 3, 2005 | 0.72 |
The correlation between AVEFX and AVEDX has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
AVEFX vs. AVEDX — Risk / Return Rank
AVEFX
AVEDX
AVEFX vs. AVEDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria Bond Fund (AVEFX) and Ave Maria Rising Dividend Fund (AVEDX). 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.
| AVEFX | AVEDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.02 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 0.08 | +1.25 |
| Martin ratioReturn relative to average drawdown | 3.02 | 0.15 | +2.86 |
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Drawdowns
AVEFX vs. AVEDX - Drawdown Comparison
The maximum AVEFX drawdown since its inception was -10.24%, smaller than the maximum AVEDX drawdown of -47.25%. Use the drawdown chart below to compare losses from any high point for AVEFX and AVEDX.
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Drawdown Indicators
| AVEFX | AVEDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.24% | -47.25% | +37.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -10.86% | +8.03% |
Max Drawdown (3Y)Largest decline over 3 years | -2.83% | -15.53% | +12.70% |
Max Drawdown (5Y)Largest decline over 5 years | -7.57% | -16.85% | +9.28% |
Max Drawdown (10Y)Largest decline over 10 years | -10.24% | -38.91% | +28.67% |
Current DrawdownCurrent decline from peak | -1.90% | -5.71% | +3.81% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -5.84% | +4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 5.56% | -4.32% |
Volatility
AVEFX vs. AVEDX - Volatility Comparison
The current volatility for Ave Maria Bond Fund (AVEFX) is 1.08%, while Ave Maria Rising Dividend Fund (AVEDX) has a volatility of 3.68%. This indicates that AVEFX experiences smaller price fluctuations and is considered to be less risky than AVEDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEFX | AVEDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 3.68% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 9.19% | -6.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.05% | 12.48% | -9.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.14% | 16.49% | -12.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 17.96% | -13.93% |
AVEFX vs. AVEDX - Expense Ratio Comparison
AVEFX has a 0.41% expense ratio, which is lower than AVEDX's 0.90% expense ratio.
Dividends
AVEFX vs. AVEDX - Dividend Comparison
AVEFX's dividend yield for the trailing twelve months is around 3.38%, less than AVEDX's 5.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEDX Ave Maria Rising Dividend Fund | 5.37% | 5.49% | 6.43% | 12.61% | 7.94% | 10.53% | 2.60% | 8.03% | 10.88% | 6.32% | 6.95% | 7.11% |
AVEFX Ave Maria Bond Fund | 3.38% | 3.51% | 2.94% | 2.47% | 3.59% | 2.32% | 2.43% | 3.31% | 3.21% | 2.04% | 2.94% | 1.89% |
Frequently Asked Questions
AVEFX and AVEDX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVEDX has higher volatility (3.68%) compared to AVEFX (1.08%). In terms of maximum drawdown, AVEFX dropped -10.24% vs AVEDX's -47.25%.
AVEFX currently has the higher Sharpe Ratio (1.23 vs 0.07), 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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