AVEMX vs. DVN
AVEMX (Ave Maria Value Fund) is Mid Cap Blend Equities fund managed by Ave Maria Mutual Funds, while DVN (Devon Energy Corporation) is a stock. Over the past 10 years, AVEMX returned 10.91%/yr vs 5.67%/yr for DVN. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
AVEMX vs. DVN - Performance Comparison
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Returns By Period
In the year-to-date period, AVEMX achieves a 6.34% return, which is significantly lower than DVN's 19.92% return. Over the past 10 years, AVEMX has outperformed DVN with an annualized return of 10.91%, while DVN has yielded a comparatively lower 5.67% annualized return.
AVEMX
- 1D
- -1.06%
- 1M
- -4.48%
- YTD
- 6.34%
- 6M
- 3.95%
- 1Y
- 4.62%
- 3Y*
- 13.84%
- 5Y*
- 7.99%
- 10Y*
- 10.91%
DVN
- 1D
- 0.79%
- 1M
- -7.46%
- YTD
- 19.92%
- 6M
- 20.88%
- 1Y
- 35.60%
- 3Y*
- 0.43%
- 5Y*
- 12.96%
- 10Y*
- 5.67%
AVEMX vs. DVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVEMX Ave Maria Value Fund | 6.34% | 2.82% | 21.43% | 3.49% | 4.19% | 25.15% | 6.20% | 20.51% | -8.70% | 17.75% |
DVN Devon Energy Corporation | 19.92% | 15.03% | -25.21% | -23.08% | 50.86% | 199.88% | -35.34% | 16.81% | -45.09% | -8.74% |
Correlation
The correlation between AVEMX and DVN is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2001 | 0.56 |
Over the past year, the correlation between AVEMX and DVN has dropped to 0.28 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
AVEMX vs. DVN — Risk / Return Rank
AVEMX
DVN
AVEMX vs. DVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria Value Fund (AVEMX) and Devon Energy Corporation (DVN). 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 | DVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.19 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.93 | -1.47 |
| Martin ratioReturn relative to average drawdown | 1.00 | 4.99 | -3.99 |
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Drawdowns
AVEMX vs. DVN - Drawdown Comparison
The maximum AVEMX drawdown since its inception was -59.76%, smaller than the maximum DVN drawdown of -94.93%. Use the drawdown chart below to compare losses from any high point for AVEMX and DVN.
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Drawdown Indicators
| AVEMX | DVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.76% | -94.93% | +35.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -18.53% | +8.43% |
Max Drawdown (3Y)Largest decline over 3 years | -18.64% | -49.22% | +30.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.64% | -61.45% | +42.81% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -88.51% | +48.75% |
Current DrawdownCurrent decline from peak | -10.10% | -44.08% | +33.98% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -35.94% | +27.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 7.15% | -2.57% |
Volatility
AVEMX vs. DVN - Volatility Comparison
The current volatility for Ave Maria Value Fund (AVEMX) is 4.57%, while Devon Energy Corporation (DVN) has a volatility of 11.87%. This indicates that AVEMX experiences smaller price fluctuations and is considered to be less risky than DVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEMX | DVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 11.87% | -7.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.38% | 25.82% | -13.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.84% | 34.25% | -17.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 40.98% | -22.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.50% | 49.57% | -31.07% |
Dividends
AVEMX vs. DVN - Dividend Comparison
AVEMX's dividend yield for the trailing twelve months is around 0.32%, less than DVN's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEMX Ave Maria Value Fund | 0.32% | 0.34% | 8.81% | 4.42% | 1.15% | 8.07% | 3.57% | 5.27% | 10.76% | 7.84% | 0.00% | 0.12% |
DVN Devon Energy Corporation | 2.40% | 2.62% | 4.43% | 4.55% | 8.41% | 5.24% | 4.30% | 1.35% | 1.33% | 0.58% | 0.92% | 3.00% |
Frequently Asked Questions
AVEMX and DVN have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVN has higher volatility (11.87%) compared to AVEMX (4.57%). In terms of maximum drawdown, AVEMX dropped -59.76% vs DVN's -94.93%.
DVN currently has the higher Sharpe Ratio (1.05 vs 0.27), 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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