AVEGX vs. FOCPX

Last updated Jun 4, 2026

AVEGX (Ave Maria Growth Fund) and FOCPX (Fidelity OTC Portfolio) are both Large Cap Growth Equities funds. Over the past 10 years, AVEGX returned 14.01%/yr vs 22.63%/yr for FOCPX. Their correlation of 0.83 suggests significant overlap in exposure. AVEGX charges 0.90%/yr vs 0.73%/yr for FOCPX.

Performance

AVEGX vs. FOCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ave Maria Growth Fund (AVEGX) and Fidelity OTC Portfolio (FOCPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVEGX achieves a 17.40% return, which is significantly lower than FOCPX's 27.59% return. Over the past 10 years, AVEGX has underperformed FOCPX with an annualized return of 14.01%, while FOCPX has yielded a comparatively higher 22.63% annualized return.

AVEGX

• 1D: 0.96%
• 1M: 6.06%
• YTD: 17.40%
• 6M: 16.72%
• 1Y: 22.04%
• 3Y*: 18.90%
• 5Y*: 9.68%
• 10Y*: 14.01%

FOCPX

• 1D: 0.78%
• 1M: 10.68%
• YTD: 27.59%
• 6M: 28.74%
• 1Y: 61.90%
• 3Y*: 34.85%
• 5Y*: 19.55%
• 10Y*: 22.63%

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

AVEGX vs. FOCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVEGX Ave Maria Growth Fund	17.40%	8.23%	14.85%	30.29%	-21.23%	17.53%	18.41%	37.08%	-1.82%	27.40%
FOCPX Fidelity OTC Portfolio	27.59%	22.21%	38.95%	42.64%	-32.08%	24.94%	46.75%	39.20%	-3.30%	38.61%

Correlation

The correlation between AVEGX and FOCPX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 6, 2003	0.83

The correlation between AVEGX and FOCPX shifts across timeframes, from 0.67 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AVEGX vs. FOCPX — Risk / Return Rank

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

AVEGX

AVEGX Risk / Return Rank: 29
AVEGX Sharpe Ratio Rank: 29
AVEGX Sortino Ratio Rank: 28
AVEGX Omega Ratio Rank: 28
AVEGX Calmar Ratio Rank: 29
AVEGX Martin Ratio Rank: 33

FOCPX

FOCPX Risk / Return Rank: 93
FOCPX Sharpe Ratio Rank: 96
FOCPX Sortino Ratio Rank: 90
FOCPX Omega Ratio Rank: 87
FOCPX Calmar Ratio Rank: 94
FOCPX Martin Ratio Rank: 96

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. FOCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ave Maria Growth Fund (AVEGX) and Fidelity OTC Portfolio (FOCPX). 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.

	AVEGX	FOCPX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	3.55	-2.03
Sortino ratio: Return per unit of downside risk	2.20	4.40	-2.20
Omega ratio: Gain probability vs. loss probability	1.27	1.59	-0.32
Calmar ratio: Return relative to maximum drawdown	2.00	5.57	-3.56
Martin ratio: Return relative to average drawdown	7.51	24.59	-17.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVEGX vs. FOCPX - Sharpe Ratio Comparison

The current AVEGX Sharpe Ratio is 1.52, which is lower than the FOCPX Sharpe Ratio of 3.55. The chart below compares the historical Sharpe Ratios of AVEGX and FOCPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVEGX	FOCPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	3.55	-2.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.87	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	1.01	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.66	-0.04

Drawdowns

AVEGX vs. FOCPX - Drawdown Comparison

The maximum AVEGX drawdown since its inception was -48.28%, smaller than the maximum FOCPX drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for AVEGX and FOCPX.

Drawdown Indicators

	AVEGX	FOCPX	Difference
Max Drawdown Largest peak-to-trough decline	-48.28%	-70.25%	+21.97%
Max Drawdown (1Y) Largest decline over 1 year	-11.55%	-11.29%	-0.26%
Max Drawdown (3Y) Largest decline over 3 years	-17.17%	-24.82%	+7.65%
Max Drawdown (5Y) Largest decline over 5 years	-31.70%	-37.05%	+5.35%
Max Drawdown (10Y) Largest decline over 10 years	-36.95%	-37.05%	+0.10%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.01%	-17.01%	+11.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	2.55%	+0.52%

Volatility

AVEGX vs. FOCPX - Volatility Comparison

The current volatility for Ave Maria Growth Fund (AVEGX) is 4.28%, while Fidelity OTC Portfolio (FOCPX) has a volatility of 5.41%. This indicates that AVEGX experiences smaller price fluctuations and is considered to be less risky than FOCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVEGX	FOCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	5.41%	-1.13%
Volatility (6M) Calculated over the trailing 6-month period	12.48%	13.89%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	17.71%	-2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.46%	22.66%	-4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	22.44%	-3.47%

AVEGX vs. FOCPX - Expense Ratio Comparison

AVEGX has a 0.90% expense ratio, which is higher than FOCPX's 0.73% expense ratio.

Dividends

AVEGX vs. FOCPX - Dividend Comparison

AVEGX's dividend yield for the trailing twelve months is around 4.86%, less than FOCPX's 6.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEGX Ave Maria Growth Fund	4.86%	5.71%	8.42%	2.59%	0.30%	12.04%	5.26%	1.70%	7.22%	9.37%	6.08%	9.89%
FOCPX Fidelity OTC Portfolio	6.09%	7.78%	16.76%	0.05%	4.06%	11.53%	6.23%	7.58%	7.93%	4.86%	3.24%	5.41%

Frequently Asked Questions

Can I hold both AVEGX and FOCPX in my portfolio?

AVEGX and FOCPX have a correlation of 0.67, 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 FOCPX?

FOCPX has higher volatility (5.41%) compared to AVEGX (4.28%). In terms of maximum drawdown, AVEGX dropped -48.28% vs FOCPX's -70.25%.

Which has better risk-adjusted returns?

FOCPX currently has the higher Sharpe Ratio (3.55 vs 1.52), 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.