AVEGX vs. AVES
AVEGX (Ave Maria Growth Fund) and AVES (Avantis Emerging Markets Value ETF) are both funds - AVEGX is a Large Cap Growth Equities fund managed by Ave Maria, while AVES is a Emerging Markets Equities fund actively managed by Avantis. Over the past 3 years, AVEGX returned 15.38%/yr vs 14.88%/yr for AVES. Their 0.61 correlation means they have sometimes moved together and sometimes differently. AVEGX charges 0.90%/yr vs 0.36%/yr for AVES.
Performance
AVEGX vs. AVES - Performance Comparison
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Returns By Period
In the year-to-date period, AVEGX achieves a 14.25% return, which is significantly higher than AVES's 7.59% return.
AVEGX
- 1D
- 1.97%
- 1M
- -3.01%
- 6M
- 9.79%
- YTD
- 14.25%
- 1Y
- 15.90%
- 3Y*
- 15.38%
- 5Y*
- 7.74%
- 10Y*
- 13.39%
- ALL TIME*
- 11.65%
AVES
- 1D
- -0.75%
- 1M
- -4.02%
- 6M
- 0.78%
- YTD
- 7.59%
- 1Y
- 19.41%
- 3Y*
- 14.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $7.66M | $7.29M | $6.23M |
AVEGX vs. AVES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVEGX Ave Maria Growth Fund | 14.25% | 8.23% | 14.85% | 30.29% | -21.23% | 3.18% |
AVES Avantis Emerging Markets Value ETF | 7.59% | 30.49% | 4.50% | 16.79% | -16.04% | 0.95% |
Correlation
The correlation between AVEGX and AVES is 0.66, 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. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.61 |
The correlation between AVEGX and AVES has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.
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Return for Risk
AVEGX vs. AVES — Risk / Return Rank
AVEGX
AVES
AVEGX vs. AVES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria Growth Fund (AVEGX) and Avantis Emerging Markets Value ETF (AVES). 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.
| AVEGX | AVES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.44 | -0.23 |
| Martin ratioReturn relative to average drawdown | 4.29 | 4.35 | -0.07 |
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Drawdowns
AVEGX vs. AVES - Drawdown Comparison
The maximum AVEGX drawdown since its inception was -48.28%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for AVEGX and AVES.
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Drawdown Indicators
| AVEGX | AVES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.28% | -27.40% | -20.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -12.90% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -18.50% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -31.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | — | — |
Current DrawdownCurrent decline from peak | -4.67% | -9.48% | +4.81% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -7.66% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 4.26% | -1.00% |
Volatility
AVEGX vs. AVES - Volatility Comparison
The current volatility for Ave Maria Growth Fund (AVEGX) is 4.29%, while Avantis Emerging Markets Value ETF (AVES) has a volatility of 6.96%. This indicates that AVEGX experiences smaller price fluctuations and is considered to be less risky than AVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEGX | AVES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 6.96% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.87% | 18.01% | -4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 20.01% | -3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 17.49% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.02% | 17.49% | +1.53% |
AVEGX vs. AVES - Expense Ratio Comparison
AVEGX has a 0.90% expense ratio, which is higher than AVES's 0.36% expense ratio.
Dividends
AVEGX vs. AVES - Dividend Comparison
AVEGX's dividend yield for the trailing twelve months is around 5.00%, more than AVES's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEGX Ave Maria Growth Fund | 5.00% | 5.71% | 8.42% | 2.59% | 0.30% | 12.04% | 5.26% | 1.70% | 7.22% | 9.37% | 6.08% | 9.89% |
AVES Avantis Emerging Markets Value ETF | 2.59% | 3.17% | 4.09% | 3.96% | 3.70% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVEGX and AVES have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVES has higher volatility (6.96%) compared to AVEGX (4.29%). In terms of maximum drawdown, AVEGX dropped -48.28% vs AVES's -27.40%.
AVES currently has the higher Sharpe Ratio (0.93 vs 0.83), 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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