AVEGX vs. ETILX

Last updated Jul 14, 2026

AVEGX (Ave Maria Growth Fund) and ETILX (Eventide Gilead Class I) are both mutual funds - AVEGX is a Large Cap Growth Equities fund managed by Ave Maria Mutual Funds, while ETILX is a Mid Cap Growth Equities fund managed by Eventide Funds. Over the past 10 years, AVEGX returned 13.83%/yr vs 14.28%/yr for ETILX. Their correlation of 0.81 suggests significant overlap in exposure. AVEGX charges 0.90%/yr vs 1.11%/yr for ETILX.

Performance

AVEGX vs. ETILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ave Maria Growth Fund (AVEGX) and Eventide Gilead Class I (ETILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AVEGX having a 18.12% return and ETILX slightly higher at 18.74%. Both investments have delivered pretty close results over the past 10 years, with AVEGX having a 13.83% annualized return and ETILX not far ahead at 14.28%.

AVEGX

• 1D: 0.31%
• 1M: 1.27%
• 6M: 12.71%
• YTD: 18.12%
• 1Y: 19.52%
• 3Y*: 17.24%
• 5Y*: 8.76%
• 10Y*: 13.83%

ETILX

• 1D: -0.82%
• 1M: 3.55%
• 6M: 15.04%
• YTD: 18.74%
• 1Y: 35.83%
• 3Y*: 14.97%
• 5Y*: 3.41%
• 10Y*: 14.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVEGX vs. ETILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVEGX Ave Maria Growth Fund	18.12%	8.23%	14.85%	30.29%	-21.23%	17.53%	18.41%	37.08%	-1.82%	27.40%
ETILX Eventide Gilead Class I	18.74%	23.77%	-0.03%	22.76%	-34.03%	11.44%	55.44%	34.11%	-2.35%	33.09%

Correlation

The correlation between AVEGX and ETILX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Feb 2, 2010	0.81

The correlation between AVEGX and ETILX has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

Return for Risk

AVEGX vs. ETILX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVEGX

AVEGX Risk / Return Rank: 30
AVEGX Sharpe Ratio Rank: 28
AVEGX Sortino Ratio Rank: 28
AVEGX Omega Ratio Rank: 27
AVEGX Calmar Ratio Rank: 31
AVEGX Martin Ratio Rank: 34

ETILX

ETILX Risk / Return Rank: 62
ETILX Sharpe Ratio Rank: 66
ETILX Sortino Ratio Rank: 62
ETILX Omega Ratio Rank: 59
ETILX Calmar Ratio Rank: 60
ETILX Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVEGX vs. ETILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ave Maria Growth Fund (AVEGX) and Eventide Gilead Class I (ETILX). 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	ETILX	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.80	-0.67
Sortino ratio: Return per unit of downside risk	1.66	2.48	-0.81
Omega ratio: Gain probability vs. loss probability	1.21	1.32	-0.11
Calmar ratio: Return relative to maximum drawdown	1.62	2.38	-0.76
Martin ratio: Return relative to average drawdown	5.98	9.37	-3.39

AVEGX vs. ETILX - Sharpe Ratio Comparison

The current AVEGX Sharpe Ratio is 1.13, which is lower than the ETILX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of AVEGX and ETILX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVEGX vs. ETILX - Drawdown Comparison

The maximum AVEGX drawdown since its inception was -48.28%, which is greater than ETILX's maximum drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for AVEGX and ETILX.

Drawdown Indicators

	AVEGX	ETILX	Difference
Max Drawdown Largest peak-to-trough decline	-48.28%	-41.30%	-6.98%
Max Drawdown (1Y) Largest decline over 1 year	-11.55%	-14.40%	+2.85%
Max Drawdown (3Y) Largest decline over 3 years	-17.17%	-25.71%	+8.54%
Max Drawdown (5Y) Largest decline over 5 years	-31.70%	-41.30%	+9.60%
Max Drawdown (10Y) Largest decline over 10 years	-36.95%	-41.30%	+4.35%
Current Drawdown Current decline from peak	-1.44%	-3.32%	+1.88%
Average Drawdown Average peak-to-trough decline	-5.99%	-11.45%	+5.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	3.66%	-0.54%

Volatility

AVEGX vs. ETILX - Volatility Comparison

The current volatility for Ave Maria Growth Fund (AVEGX) is 6.21%, while Eventide Gilead Class I (ETILX) has a volatility of 7.67%. This indicates that AVEGX experiences smaller price fluctuations and is considered to be less risky than ETILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVEGX	ETILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.21%	7.67%	-1.46%
Volatility (6M) Calculated over the trailing 6-month period	13.89%	15.92%	-2.03%
Volatility (1Y) Calculated over the trailing 1-year period	16.51%	19.08%	-2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.69%	24.44%	-5.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.99%	23.41%	-4.42%

AVEGX vs. ETILX - Expense Ratio Comparison

AVEGX has a 0.90% expense ratio, which is lower than ETILX's 1.11% expense ratio.

Dividends

AVEGX vs. ETILX - Dividend Comparison

AVEGX's dividend yield for the trailing twelve months is around 4.83%, less than ETILX's 10.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEGX Ave Maria Growth Fund	4.83%	5.71%	8.42%	2.59%	0.30%	12.04%	5.26%	1.70%	7.22%	9.37%	6.08%	9.89%
ETILX Eventide Gilead Class I	10.16%	12.07%	1.25%	0.00%	5.36%	6.30%	0.79%	3.14%	5.31%	0.00%	0.00%	1.13%

Frequently Asked Questions

Can I hold both AVEGX and ETILX in my portfolio?

AVEGX and ETILX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVEGX or ETILX?

ETILX has higher volatility (7.67%) compared to AVEGX (6.21%). In terms of maximum drawdown, AVEGX dropped -48.28% vs ETILX's -41.30%.

Which has better risk-adjusted returns?

ETILX currently has the higher Sharpe Ratio (1.80 vs 1.13), 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.