AVEMX vs. WAMFX

Last updated Jun 24, 2026

AVEMX (Ave Maria Value Fund) and WAMFX (Boston Trust Walden Midcap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, AVEMX returned 10.91%/yr vs 10.54%/yr for WAMFX. Their correlation of 0.84 suggests significant overlap in exposure. AVEMX charges 0.97%/yr vs 0.99%/yr for WAMFX.

Performance

AVEMX vs. WAMFX - Performance Comparison

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

Returns By Period

In the year-to-date period, AVEMX achieves a 6.34% return, which is significantly higher than WAMFX's 2.40% return. Both investments have delivered pretty close results over the past 10 years, with AVEMX having a 10.91% annualized return and WAMFX not far behind at 10.54%.

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%

WAMFX

• 1D: 0.00%
• 1M: 0.83%
• YTD: 2.40%
• 6M: 1.19%
• 1Y: 7.06%
• 3Y*: 9.45%
• 5Y*: 6.29%
• 10Y*: 10.54%

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

AVEMX vs. WAMFX - 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%
WAMFX Boston Trust Walden Midcap Fund	2.40%	4.82%	10.39%	13.90%	-10.87%	24.85%	9.56%	36.98%	-3.59%	16.21%

Correlation

The correlation between AVEMX and WAMFX 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	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Aug 1, 2011	0.84

The correlation between AVEMX and WAMFX shifts across timeframes, from 0.67 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AVEMX vs. WAMFX — 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: 4
AVEMX Calmar Ratio Rank: 6
AVEMX Martin Ratio Rank: 5

WAMFX

WAMFX Risk / Return Rank: 10
WAMFX Sharpe Ratio Rank: 9
WAMFX Sortino Ratio Rank: 10
WAMFX Omega Ratio Rank: 9
WAMFX Calmar Ratio Rank: 11
WAMFX Martin Ratio Rank: 11

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. WAMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ave Maria Value Fund (AVEMX) and Boston Trust Walden Midcap Fund (WAMFX). 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	WAMFX	Difference
Sharpe ratio: Return per unit of total volatility	0.27	0.71	-0.43
Sortino ratio: Return per unit of downside risk	0.48	1.13	-0.65
Omega ratio: Gain probability vs. loss probability	1.06	1.13	-0.07
Calmar ratio: Return relative to maximum drawdown	0.46	1.01	-0.56
Martin ratio: Return relative to average drawdown	1.00	2.92	-1.91

AVEMX vs. WAMFX - Sharpe Ratio Comparison

The current AVEMX Sharpe Ratio is 0.27, which is lower than the WAMFX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of AVEMX and WAMFX, 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. WAMFX - Drawdown Comparison

The maximum AVEMX drawdown since its inception was -59.76%, which is greater than WAMFX's maximum drawdown of -36.81%. Use the drawdown chart below to compare losses from any high point for AVEMX and WAMFX.

Drawdown Indicators

	AVEMX	WAMFX	Difference
Max Drawdown Largest peak-to-trough decline	-59.76%	-36.81%	-22.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	-8.38%	-1.72%
Max Drawdown (3Y) Largest decline over 3 years	-18.64%	-17.51%	-1.13%
Max Drawdown (5Y) Largest decline over 5 years	-18.64%	-20.82%	+2.18%
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	-36.81%	-2.95%
Current Drawdown Current decline from peak	-10.10%	-2.17%	-7.93%
Average Drawdown Average peak-to-trough decline	-8.61%	-3.93%	-4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.58%	2.91%	+1.67%

Volatility

AVEMX vs. WAMFX - Volatility Comparison

Ave Maria Value Fund (AVEMX) has a higher volatility of 4.57% compared to Boston Trust Walden Midcap Fund (WAMFX) at 3.26%. This indicates that AVEMX's price experiences larger fluctuations and is considered to be riskier than WAMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVEMX	WAMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	3.26%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	12.38%	8.36%	+4.02%
Volatility (1Y) Calculated over the trailing 1-year period	16.84%	12.04%	+4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.49%	15.81%	+2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.50%	17.49%	+1.01%

AVEMX vs. WAMFX - Expense Ratio Comparison

AVEMX has a 0.97% expense ratio, which is lower than WAMFX's 0.99% expense ratio.

Dividends

AVEMX vs. WAMFX - Dividend Comparison

AVEMX's dividend yield for the trailing twelve months is around 0.32%, less than WAMFX's 7.06% 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%
WAMFX Boston Trust Walden Midcap Fund	7.06%	7.23%	3.49%	4.84%	5.55%	4.82%	3.87%	12.83%	7.08%	0.45%	5.06%	5.54%

Frequently Asked Questions

Can I hold both AVEMX and WAMFX in my portfolio?

AVEMX and WAMFX 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, AVEMX or WAMFX?

AVEMX has higher volatility (4.57%) compared to WAMFX (3.26%). In terms of maximum drawdown, AVEMX dropped -59.76% vs WAMFX's -36.81%.

Which has better risk-adjusted returns?

WAMFX currently has the higher Sharpe Ratio (0.71 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.