AVERX vs. FDETX
AVERX (Ave Maria Value Focused Fund) and FDETX (Fidelity Advisor Capital Development Fund Class O) are both Large Cap Value Equities funds. Over the past year, AVERX returned 14.03% vs 30.76% for FDETX. At a 0.37 correlation, their price movements are largely independent. AVERX charges 1.26%/yr vs 0.56%/yr for FDETX.
Performance
AVERX vs. FDETX - Performance Comparison
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Returns By Period
In the year-to-date period, AVERX achieves a 12.90% return, which is significantly higher than FDETX's 10.10% return.
AVERX
- 1D
- 0.29%
- 1M
- -6.87%
- YTD
- 12.90%
- 6M
- 10.81%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDETX
- 1D
- 0.96%
- 1M
- 1.26%
- YTD
- 10.10%
- 6M
- 10.02%
- 1Y
- 30.76%
- 3Y*
- 25.13%
- 5Y*
- 17.13%
- 10Y*
- 16.08%
AVERX vs. FDETX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVERX Ave Maria Value Focused Fund | 12.90% | 0.37% |
FDETX Fidelity Advisor Capital Development Fund Class O | 10.10% | 32.01% |
Correlation
The correlation between AVERX and FDETX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.37 |
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Return for Risk
AVERX vs. FDETX — Risk / Return Rank
AVERX
FDETX
AVERX vs. FDETX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria Value Focused Fund (AVERX) and Fidelity Advisor Capital Development Fund Class O (FDETX). 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.
| AVERX | FDETX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.43 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.19 | -2.08 |
| Martin ratioReturn relative to average drawdown | 2.90 | 14.40 | -11.50 |
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Drawdowns
AVERX vs. FDETX - Drawdown Comparison
The maximum AVERX drawdown since its inception was -12.42%, smaller than the maximum FDETX drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for AVERX and FDETX.
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Drawdown Indicators
| AVERX | FDETX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.42% | -66.86% | +54.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -9.64% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.61% | — |
Current DrawdownCurrent decline from peak | -12.17% | -0.29% | -11.88% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -11.21% | +5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 2.13% | +2.64% |
Volatility
AVERX vs. FDETX - Volatility Comparison
Ave Maria Value Focused Fund (AVERX) has a higher volatility of 5.20% compared to Fidelity Advisor Capital Development Fund Class O (FDETX) at 4.43%. This indicates that AVERX's price experiences larger fluctuations and is considered to be riskier than FDETX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVERX | FDETX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 4.43% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 10.08% | +4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.47% | 12.87% | +6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 17.66% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 18.86% | +0.06% |
AVERX vs. FDETX - Expense Ratio Comparison
AVERX has a 1.26% expense ratio, which is higher than FDETX's 0.56% expense ratio.
Dividends
AVERX vs. FDETX - Dividend Comparison
AVERX's dividend yield for the trailing twelve months is around 0.36%, less than FDETX's 9.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVERX Ave Maria Value Focused Fund | 0.36% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDETX Fidelity Advisor Capital Development Fund Class O | 9.39% | 10.34% | 8.95% | 4.39% | 5.66% | 5.63% | 4.47% | 7.46% | 15.81% | 5.34% | 2.92% | 5.97% |
Frequently Asked Questions
AVERX and FDETX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVERX has higher volatility (5.20%) compared to FDETX (4.43%). In terms of maximum drawdown, AVERX dropped -12.42% vs FDETX's -66.86%.
FDETX currently has the higher Sharpe Ratio (2.39 vs 0.71), 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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