AVEMX vs. VLO

Last updated Jun 23, 2026

AVEMX (Ave Maria Value Fund) is Mid Cap Blend Equities fund managed by Ave Maria Mutual Funds, while VLO (Valero Energy Corporation) is a stock. Over the past 10 years, AVEMX returned 10.68%/yr vs 21.11%/yr for VLO. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

AVEMX vs. VLO - Performance Comparison

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

Returns By Period

In the year-to-date period, AVEMX achieves a 7.48% return, which is significantly lower than VLO's 51.38% return. Over the past 10 years, AVEMX has underperformed VLO with an annualized return of 10.68%, while VLO has yielded a comparatively higher 21.11% annualized return.

AVEMX

• 1D: 0.79%
• 1M: -3.46%
• YTD: 7.48%
• 6M: 4.91%
• 1Y: 5.70%
• 3Y*: 13.32%
• 5Y*: 8.72%
• 10Y*: 10.68%

VLO

• 1D: 3.17%
• 1M: -1.29%
• YTD: 51.38%
• 6M: 50.68%
• 1Y: 77.19%
• 3Y*: 33.67%
• 5Y*: 28.89%
• 10Y*: 21.11%

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

AVEMX vs. VLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVEMX Ave Maria Value Fund	7.48%	2.82%	21.43%	3.49%	4.19%	25.15%	6.20%	20.51%	-8.70%	17.75%
VLO Valero Energy Corporation	51.38%	36.97%	-2.96%	5.86%	74.95%	40.25%	-35.69%	30.27%	-15.73%	38.66%

Correlation

The correlation between AVEMX and VLO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Apr 30, 2001	0.51

Over the past year, the correlation between AVEMX and VLO has dropped to 0.30 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Return for Risk

AVEMX vs. VLO — Risk / Return Rank

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

AVEMX

AVEMX Risk / Return Rank: 5
AVEMX Sharpe Ratio Rank: 5
AVEMX Sortino Ratio Rank: 5
AVEMX Omega Ratio Rank: 5
AVEMX Calmar Ratio Rank: 6
AVEMX Martin Ratio Rank: 6

VLO

VLO Risk / Return Rank: 90
VLO Sharpe Ratio Rank: 90
VLO Sortino Ratio Rank: 87
VLO Omega Ratio Rank: 86
VLO Calmar Ratio Rank: 93
VLO Martin Ratio Rank: 92

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.

AVEMX vs. VLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ave Maria Value Fund (AVEMX) and Valero Energy Corporation (VLO). 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	VLO	Difference
Sharpe ratio: Return per unit of total volatility	0.33	2.21	-1.88
Sortino ratio: Return per unit of downside risk	0.56	2.83	-2.27
Omega ratio: Gain probability vs. loss probability	1.07	1.35	-0.29
Calmar ratio: Return relative to maximum drawdown	0.57	5.47	-4.90
Martin ratio: Return relative to average drawdown	1.23	13.47	-12.24

AVEMX vs. VLO - Sharpe Ratio Comparison

The current AVEMX Sharpe Ratio is 0.33, which is lower than the VLO Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of AVEMX and VLO, 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. VLO - Drawdown Comparison

The maximum AVEMX drawdown since its inception was -59.76%, smaller than the maximum VLO drawdown of -87.50%. Use the drawdown chart below to compare losses from any high point for AVEMX and VLO.

Drawdown Indicators

	AVEMX	VLO	Difference
Max Drawdown Largest peak-to-trough decline	-59.76%	-87.50%	+27.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.85%	-14.19%	+4.34%
Max Drawdown (3Y) Largest decline over 3 years	-18.64%	-41.22%	+22.58%
Max Drawdown (5Y) Largest decline over 5 years	-18.64%	-41.22%	+22.58%
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	-71.88%	+32.12%
Current Drawdown Current decline from peak	-9.14%	-6.76%	-2.38%
Average Drawdown Average peak-to-trough decline	-8.61%	-34.24%	+25.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	5.78%	-1.24%

Volatility

AVEMX vs. VLO - Volatility Comparison

The current volatility for Ave Maria Value Fund (AVEMX) is 4.67%, while Valero Energy Corporation (VLO) has a volatility of 10.28%. This indicates that AVEMX experiences smaller price fluctuations and is considered to be less risky than VLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVEMX	VLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	10.28%	-5.61%
Volatility (6M) Calculated over the trailing 6-month period	12.38%	27.73%	-15.35%
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	35.22%	-18.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.50%	36.91%	-18.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.50%	40.42%	-21.92%

Dividends

AVEMX vs. VLO - Dividend Comparison

AVEMX's dividend yield for the trailing twelve months is around 0.31%, less than VLO's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEMX Ave Maria Value Fund	0.31%	0.34%	8.81%	4.42%	1.15%	8.07%	3.57%	5.27%	10.76%	7.84%	0.00%	0.12%
VLO Valero Energy Corporation	1.91%	2.78%	3.49%	3.14%	3.09%	5.22%	6.93%	3.84%	4.27%	2.34%	3.51%	2.40%

Frequently Asked Questions

Can I hold both AVEMX and VLO in my portfolio?

AVEMX and VLO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVEMX or VLO?

VLO has higher volatility (10.28%) compared to AVEMX (4.67%). In terms of maximum drawdown, AVEMX dropped -59.76% vs VLO's -87.50%.

Which has better risk-adjusted returns?

VLO currently has the higher Sharpe Ratio (2.21 vs 0.33), 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.