AVEFX vs. SCHO
Compare and contrast key facts about Ave Maria Bond Fund (AVEFX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
AVEFX is managed by Ave Maria Mutual Funds. It was launched on Apr 30, 2003. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Aug 5, 2010.
Performance
AVEFX vs. SCHO - Performance Comparison
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AVEFX vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVEFX Ave Maria Bond Fund | 1.11% | 5.63% | 5.71% | 5.16% | -2.84% | 4.38% | 5.60% | 8.30% | 0.41% | 4.16% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.26% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
Returns By Period
In the year-to-date period, AVEFX achieves a 1.11% return, which is significantly higher than SCHO's 0.26% return. Over the past 10 years, AVEFX has outperformed SCHO with an annualized return of 3.91%, while SCHO has yielded a comparatively lower 1.72% annualized return.
AVEFX
- 1D
- 0.00%
- 1M
- -2.13%
- YTD
- 1.11%
- 6M
- 1.57%
- 1Y
- 3.58%
- 3Y*
- 5.44%
- 5Y*
- 3.14%
- 10Y*
- 3.91%
SCHO
- 1D
- 0.02%
- 1M
- -0.31%
- YTD
- 0.26%
- 6M
- 1.27%
- 1Y
- 3.69%
- 3Y*
- 4.00%
- 5Y*
- 1.79%
- 10Y*
- 1.72%
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AVEFX vs. SCHO - Expense Ratio Comparison
AVEFX has a 0.41% expense ratio, which is higher than SCHO's 0.03% expense ratio.
Return for Risk
AVEFX vs. SCHO — Risk / Return Rank
AVEFX
SCHO
AVEFX vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria Bond Fund (AVEFX) and Schwab Short-Term U.S. Treasury ETF (SCHO). 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.
| AVEFX | SCHO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 2.44 | -1.29 |
Sortino ratioReturn per unit of downside risk | 1.64 | 3.92 | -2.27 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.50 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 4.42 | -2.77 |
Martin ratioReturn relative to average drawdown | 5.64 | 17.32 | -11.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVEFX | SCHO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 2.44 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.92 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 1.11 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.00 | +0.11 |
Correlation
The correlation between AVEFX and SCHO is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AVEFX vs. SCHO - Dividend Comparison
AVEFX's dividend yield for the trailing twelve months is around 3.10%, less than SCHO's 3.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEFX Ave Maria Bond Fund | 3.10% | 3.51% | 2.94% | 2.47% | 3.59% | 2.32% | 2.43% | 3.31% | 3.21% | 2.04% | 2.94% | 1.89% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.98% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
Drawdowns
AVEFX vs. SCHO - Drawdown Comparison
The maximum AVEFX drawdown since its inception was -10.24%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for AVEFX and SCHO.
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Drawdown Indicators
| AVEFX | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.24% | -5.69% | -4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -0.86% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -8.02% | -5.69% | -2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -10.24% | -5.69% | -4.55% |
Current DrawdownCurrent decline from peak | -2.44% | -0.43% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -0.61% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.22% | +0.52% |
Volatility
AVEFX vs. SCHO - Volatility Comparison
Ave Maria Bond Fund (AVEFX) has a higher volatility of 1.16% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.52%. This indicates that AVEFX's price experiences larger fluctuations and is considered to be riskier than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEFX | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.52% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 0.87% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 1.52% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.14% | 1.97% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 1.55% | +2.46% |