AVEFX vs. BIMIX
AVEFX (Ave Maria Bond Fund) and BIMIX (Baird Intermediate Bond Fund Class Institutional) are both mutual funds - AVEFX is a Diversified Portfolio fund managed by Ave Maria Mutual Funds, while BIMIX is a Intermediate Core Bond fund managed by Baird. Over the past 10 years, AVEFX returned 3.79%/yr vs 2.08%/yr for BIMIX. At a 0.37 correlation, their price movements are largely independent. AVEFX charges 0.41%/yr vs 0.30%/yr for BIMIX.
Performance
AVEFX vs. BIMIX - Performance Comparison
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Returns By Period
In the year-to-date period, AVEFX achieves a 0.71% return, which is significantly higher than BIMIX's -0.15% return. Over the past 10 years, AVEFX has outperformed BIMIX with an annualized return of 3.79%, while BIMIX has yielded a comparatively lower 2.08% annualized return.
AVEFX
- 1D
- -0.08%
- 1M
- -0.66%
- YTD
- 0.71%
- 6M
- 0.76%
- 1Y
- 3.26%
- 3Y*
- 5.56%
- 5Y*
- 2.79%
- 10Y*
- 3.79%
BIMIX
- 1D
- -0.10%
- 1M
- 0.36%
- YTD
- -0.15%
- 6M
- 0.05%
- 1Y
- 3.15%
- 3Y*
- 4.55%
- 5Y*
- 1.17%
- 10Y*
- 2.08%
AVEFX vs. BIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVEFX Ave Maria Bond Fund | 0.71% | 5.63% | 5.71% | 5.16% | -2.84% | 4.38% | 5.60% | 8.30% | 0.41% | 4.16% |
BIMIX Baird Intermediate Bond Fund Class Institutional | -0.15% | 6.69% | 3.45% | 5.78% | -8.64% | -1.41% | 7.42% | 7.05% | 0.58% | 2.74% |
Correlation
The correlation between AVEFX and BIMIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 6, 2003 | 0.37 |
Over the past year, AVEFX and BIMIX have become more correlated (0.63) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
AVEFX vs. BIMIX — Risk / Return Rank
AVEFX
BIMIX
AVEFX vs. BIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria Bond Fund (AVEFX) and Baird Intermediate Bond Fund Class Institutional (BIMIX). 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 | BIMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.62 | -0.41 |
| Martin ratioReturn relative to average drawdown | 3.17 | 4.31 | -1.14 |
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Drawdowns
AVEFX vs. BIMIX - Drawdown Comparison
The maximum AVEFX drawdown since its inception was -10.24%, smaller than the maximum BIMIX drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for AVEFX and BIMIX.
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Drawdown Indicators
| AVEFX | BIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.24% | -12.76% | +2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.07% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -2.83% | -2.44% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -7.57% | -12.76% | +5.19% |
Max Drawdown (10Y)Largest decline over 10 years | -10.24% | -12.76% | +2.52% |
Current DrawdownCurrent decline from peak | -2.83% | -1.42% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -1.48% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.78% | +0.30% |
Volatility
AVEFX vs. BIMIX - Volatility Comparison
Ave Maria Bond Fund (AVEFX) and Baird Intermediate Bond Fund Class Institutional (BIMIX) have volatilities of 0.89% and 0.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEFX | BIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.86% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 1.83% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 2.49% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.13% | 3.89% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 3.26% | +0.77% |
AVEFX vs. BIMIX - Expense Ratio Comparison
AVEFX has a 0.41% expense ratio, which is higher than BIMIX's 0.30% expense ratio.
Dividends
AVEFX vs. BIMIX - Dividend Comparison
AVEFX's dividend yield for the trailing twelve months is around 3.49%, less than BIMIX's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEFX Ave Maria Bond Fund | 3.49% | 3.51% | 2.94% | 2.47% | 3.59% | 2.32% | 2.43% | 3.31% | 3.21% | 2.04% | 2.94% | 1.89% |
BIMIX Baird Intermediate Bond Fund Class Institutional | 3.72% | 3.67% | 3.89% | 3.21% | 2.17% | 2.27% | 3.49% | 2.52% | 2.50% | 2.35% | 2.21% | 2.57% |
Frequently Asked Questions
AVEFX and BIMIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVEFX has higher volatility (0.89%) compared to BIMIX (0.86%). In terms of maximum drawdown, AVEFX dropped -10.24% vs BIMIX's -12.76%.
BIMIX currently has the higher Sharpe Ratio (1.35 vs 1.15), 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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