AVES vs. AVEGX

Last updated Apr 2, 2026

Compare and contrast key facts about Avantis Emerging Markets Value ETF (AVES) and Ave Maria Growth Fund (AVEGX).

AVES is an actively managed fund by American Century. It was launched on Sep 28, 2021. AVEGX is managed by Ave Maria Mutual Funds. It was launched on May 1, 2003.

Performance

AVES vs. AVEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets Value ETF (AVES) and Ave Maria Growth Fund (AVEGX). The values are adjusted to include any dividend payments, if applicable.

AVES vs. AVEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVES Avantis Emerging Markets Value ETF	3.23%	30.49%	4.50%	16.79%	-16.04%	1.32%
AVEGX Ave Maria Growth Fund	-3.03%	8.23%	14.85%	30.29%	-21.23%	4.54%

Returns By Period

In the year-to-date period, AVES achieves a 3.23% return, which is significantly higher than AVEGX's -3.03% return.

AVES

• 1D: 0.25%
• 1M: -7.78%
• YTD: 3.23%
• 6M: 6.57%
• 1Y: 31.01%
• 3Y*: 16.43%
• 5Y*: —
• 10Y*: —

AVEGX

• 1D: 3.38%
• 1M: -5.78%
• YTD: -3.03%
• 6M: -3.13%
• 1Y: 6.06%
• 3Y*: 12.85%
• 5Y*: 6.54%
• 10Y*: 12.03%

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

AVES vs. AVEGX - Expense Ratio Comparison

AVES has a 0.36% expense ratio, which is lower than AVEGX's 0.90% expense ratio.

AVEGX

Ave Maria Growth Fund

AVES

Avantis Emerging Markets Value ETF

Return for Risk

AVES vs. AVEGX — Risk / Return Rank

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

AVES

AVES Risk / Return Rank: 83
AVES Sharpe Ratio Rank: 84
AVES Sortino Ratio Rank: 84
AVES Omega Ratio Rank: 84
AVES Calmar Ratio Rank: 83
AVES Martin Ratio Rank: 82

AVEGX

AVEGX Risk / Return Rank: 15
AVEGX Sharpe Ratio Rank: 12
AVEGX Sortino Ratio Rank: 13
AVEGX Omega Ratio Rank: 12
AVEGX Calmar Ratio Rank: 19
AVEGX Martin Ratio Rank: 19

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.

AVES vs. AVEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Value ETF (AVES) and Ave Maria Growth Fund (AVEGX). 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.

	AVES	AVEGX	Difference
Sharpe ratio Return per unit of total volatility	1.72	0.36	+1.37
Sortino ratio Return per unit of downside risk	2.28	0.64	+1.64
Omega ratio Gain probability vs. loss probability	1.34	1.09	+0.25
Calmar ratio Return relative to maximum drawdown	2.48	0.61	+1.87
Martin ratio Return relative to average drawdown	9.44	2.11	+7.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVES vs. AVEGX - Sharpe Ratio Comparison

The current AVES Sharpe Ratio is 1.72, which is higher than the AVEGX Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of AVES and AVEGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVES	AVEGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	0.36	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.57	-0.11

Correlation

The correlation between AVES and AVEGX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AVES vs. AVEGX - Dividend Comparison

AVES's dividend yield for the trailing twelve months is around 3.18%, less than AVEGX's 5.89% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVES Avantis Emerging Markets Value ETF	3.18%	3.17%	4.09%	3.96%	3.70%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AVEGX Ave Maria Growth Fund	5.89%	5.71%	8.42%	2.59%	0.30%	12.04%	5.26%	1.70%	7.22%	9.37%	6.08%	9.89%

Drawdowns

AVES vs. AVEGX - Drawdown Comparison

The maximum AVES drawdown since its inception was -27.40%, smaller than the maximum AVEGX drawdown of -48.28%. Use the drawdown chart below to compare losses from any high point for AVES and AVEGX.

Drawdown Indicators

	AVES	AVEGX	Difference
Max Drawdown Largest peak-to-trough decline	-27.40%	-48.28%	+20.88%
Max Drawdown (1Y) Largest decline over 1 year	-12.90%	-12.13%	-0.77%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.95%	—
Current Drawdown Current decline from peak	-10.06%	-8.56%	-1.50%
Average Drawdown Average peak-to-trough decline	-7.91%	-6.05%	-1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	3.51%	-0.12%

Volatility

AVES vs. AVEGX - Volatility Comparison

Avantis Emerging Markets Value ETF (AVES) has a higher volatility of 7.78% compared to Ave Maria Growth Fund (AVEGX) at 6.99%. This indicates that AVES's price experiences larger fluctuations and is considered to be riskier than AVEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVES	AVEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	6.99%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	12.88%	11.88%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	18.08%	18.84%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	18.31%	-1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	18.87%	-2.14%