AVERX vs. TORYX
AVERX (Ave Maria Value Focused Fund) and TORYX (Torray Fund) are both Large Cap Value Equities funds. Over the past year, AVERX returned 14.03% vs 20.72% for TORYX. A 0.56 correlation means they provide meaningful diversification when combined. AVERX charges 1.26%/yr vs 1.07%/yr for TORYX.
Performance
AVERX vs. TORYX - 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 TORYX's 9.90% return.
AVERX
- 1D
- 0.29%
- 1M
- -6.87%
- YTD
- 12.90%
- 6M
- 10.81%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TORYX
- 1D
- -0.46%
- 1M
- -1.77%
- YTD
- 9.90%
- 6M
- 9.21%
- 1Y
- 20.72%
- 3Y*
- 16.42%
- 5Y*
- 11.43%
- 10Y*
- 9.43%
AVERX vs. TORYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVERX Ave Maria Value Focused Fund | 12.90% | 0.37% |
TORYX Torray Fund | 9.90% | 16.68% |
Correlation
The correlation between AVERX and TORYX is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.56 |
The correlation between AVERX and TORYX has been stable across timeframes, ranging from 0.55 to 0.56 - a consistent structural relationship.
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Return for Risk
AVERX vs. TORYX — Risk / Return Rank
AVERX
TORYX
AVERX vs. TORYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria Value Focused Fund (AVERX) and Torray Fund (TORYX). 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 | TORYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.33 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 4.67 | -3.56 |
| Martin ratioReturn relative to average drawdown | 2.90 | 13.65 | -10.76 |
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Drawdowns
AVERX vs. TORYX - Drawdown Comparison
The maximum AVERX drawdown since its inception was -12.42%, smaller than the maximum TORYX drawdown of -56.55%. Use the drawdown chart below to compare losses from any high point for AVERX and TORYX.
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Drawdown Indicators
| AVERX | TORYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.42% | -56.55% | +44.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -4.50% | -7.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.31% | — |
Current DrawdownCurrent decline from peak | -12.17% | -3.37% | -8.80% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -7.33% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 1.54% | +3.23% |
Volatility
AVERX vs. TORYX - Volatility Comparison
Ave Maria Value Focused Fund (AVERX) has a higher volatility of 5.20% compared to Torray Fund (TORYX) at 3.76%. This indicates that AVERX's price experiences larger fluctuations and is considered to be riskier than TORYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVERX | TORYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 3.76% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 7.79% | +6.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.47% | 11.03% | +8.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 15.15% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 17.62% | +1.30% |
AVERX vs. TORYX - Expense Ratio Comparison
AVERX has a 1.26% expense ratio, which is higher than TORYX's 1.07% expense ratio.
Dividends
AVERX vs. TORYX - Dividend Comparison
AVERX's dividend yield for the trailing twelve months is around 0.36%, less than TORYX's 30.07% 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% |
TORYX Torray Fund | 30.07% | 32.38% | 7.32% | 6.47% | 10.55% | 10.80% | 3.22% | 2.66% | 2.21% | 7.34% | 8.93% | 4.30% |
Frequently Asked Questions
AVERX and TORYX have a correlation of 0.55, 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 TORYX (3.76%). In terms of maximum drawdown, AVERX dropped -12.42% vs TORYX's -56.55%.
TORYX currently has the higher Sharpe Ratio (1.91 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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