AVEMX vs. AVERX

Last updated Aug 1, 2026

AVEMX (Ave Maria Value Fund) and AVERX (Ave Maria Value Focused Fund) are both mutual funds - AVEMX is a Mid Cap Blend Equities fund managed by Ave Maria, while AVERX is a Large Cap Value Equities fund tracking the S&P 500® Index. Over the past year, AVEMX returned 13.45% vs 26.35% for AVERX. Their correlation of 0.92 means they have usually moved in the same direction. AVEMX charges 0.97%/yr vs 1.26%/yr for AVERX.

Performance

AVEMX vs. AVERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ave Maria Value Fund (AVEMX) and Ave Maria Value Focused Fund (AVERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVEMX achieves a 12.50% return, which is significantly lower than AVERX's 20.05% return.

AVEMX

• 1D: 0.56%
• 1M: 1.52%
• 6M: 5.14%
• YTD: 12.50%
• 1Y: 13.45%
• 3Y*: 12.56%
• 5Y*: 9.30%
• 10Y*: 10.86%
• ALL TIME*: 7.88%

AVERX

• 1D: 0.72%
• 1M: 2.76%
• 6M: 8.76%
• YTD: 20.05%
• 1Y: 26.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.02%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVEMX Ave Maria Value Fund	$0.00	$0.00	$0.00
AVERX Ave Maria Value Focused Fund	$0.00	$0.00	$0.00

AVEMX vs. AVERX - Yearly Performance Comparison

	2026 (YTD)	2025
AVEMX Ave Maria Value Fund	12.50%	-0.43%
AVERX Ave Maria Value Focused Fund	20.05%	0.37%

Correlation

The correlation between AVEMX and AVERX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025	0.92

The correlation between AVEMX and AVERX has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

AVEMX vs. AVERX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVEMX

AVEMX Risk / Return Rank: 18
AVEMX Sharpe Ratio Rank: 17
AVEMX Sortino Ratio Rank: 17
AVEMX Omega Ratio Rank: 17
AVEMX Calmar Ratio Rank: 23
AVEMX Martin Ratio Rank: 17

AVERX

AVERX Risk / Return Rank: 39
AVERX Sharpe Ratio Rank: 42
AVERX Sortino Ratio Rank: 40
AVERX Omega Ratio Rank: 37
AVERX Calmar Ratio Rank: 47
AVERX Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVEMX vs. AVERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ave Maria Value Fund (AVEMX) and Ave Maria Value Focused Fund (AVERX). 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.

	AVEMX	AVERX	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.20	-0.57
Sortino ratio: Return per unit of downside risk	0.97	1.71	-0.74
Omega ratio: Gain probability vs. loss probability	1.12	1.21	-0.09
Calmar ratio: Return relative to maximum drawdown	1.07	1.77	-0.70
Martin ratio: Return relative to average drawdown	2.24	4.33	-2.09

AVEMX vs. AVERX - Sharpe Ratio Comparison

The current AVEMX Sharpe Ratio is 0.64, which is lower than the AVERX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of AVEMX and AVERX, 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

AVEMX vs. AVERX - Drawdown Comparison

The maximum AVEMX drawdown since its inception was -59.76%, which is greater than AVERX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for AVEMX and AVERX.

Drawdown Indicators

	AVEMX	AVERX	Difference
Max Drawdown Largest peak-to-trough decline	-59.76%	-13.39%	-46.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	-13.39%	+3.29%
Max Drawdown (3Y) Largest decline over 3 years	-18.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	—	—
Current Drawdown Current decline from peak	-4.89%	-6.61%	+1.72%
Average Drawdown Average peak-to-trough decline	-8.60%	-6.14%	-2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.81%	5.47%	-0.66%

Volatility

AVEMX vs. AVERX - Volatility Comparison

The current volatility for Ave Maria Value Fund (AVEMX) is 3.59%, while Ave Maria Value Focused Fund (AVERX) has a volatility of 4.67%. This indicates that AVEMX experiences smaller price fluctuations and is considered to be less risky than AVERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVEMX	AVERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	4.67%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	14.50%	-2.45%
Volatility (1Y) Calculated over the trailing 1-year period	16.95%	19.78%	-2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	18.80%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	18.80%	-0.40%

AVEMX vs. AVERX - Expense Ratio Comparison

AVEMX has a 0.97% expense ratio, which is lower than AVERX's 1.26% expense ratio.

Dividends

AVEMX vs. AVERX - Dividend Comparison

AVEMX's dividend yield for the trailing twelve months is around 0.30%, less than AVERX's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEMX Ave Maria Value Fund	0.30%	0.34%	8.81%	4.42%	1.15%	8.07%	3.57%	5.27%	10.76%	7.84%	0.00%	0.12%
AVERX Ave Maria Value Focused Fund	0.34%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVEMX and AVERX in my portfolio?

With a correlation of 0.93, AVEMX and AVERX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AVEMX or AVERX?

AVERX has higher volatility (4.67%) compared to AVEMX (3.59%). In terms of maximum drawdown, AVEMX dropped -59.76% vs AVERX's -13.39%.

Which has better risk-adjusted returns?

AVERX currently has the higher Sharpe Ratio (1.20 vs 0.64), 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.