AVEWX vs. AVEDX
Compare and contrast key facts about Ave Maria World Equity Fund (AVEWX) and Ave Maria Rising Dividend Fund (AVEDX).
AVEWX is managed by Ave Maria Mutual Funds. It was launched on Apr 29, 2010. AVEDX is managed by Ave Maria Mutual Funds. It was launched on May 2, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVEWX or AVEDX.
Correlation
The correlation between AVEWX and AVEDX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AVEWX vs. AVEDX - Performance Comparison
Key characteristics
AVEWX:
0.40
AVEDX:
0.93
AVEWX:
0.63
AVEDX:
1.26
AVEWX:
1.08
AVEDX:
1.18
AVEWX:
0.75
AVEDX:
0.90
AVEWX:
1.79
AVEDX:
2.79
AVEWX:
3.07%
AVEDX:
4.43%
AVEWX:
13.86%
AVEDX:
13.28%
AVEWX:
-41.39%
AVEDX:
-49.03%
AVEWX:
-2.68%
AVEDX:
-10.72%
Returns By Period
In the year-to-date period, AVEWX achieves a 3.10% return, which is significantly lower than AVEDX's 3.34% return. Over the past 10 years, AVEWX has outperformed AVEDX with an annualized return of 5.14%, while AVEDX has yielded a comparatively lower 4.11% annualized return.
AVEWX
3.10%
2.23%
4.18%
4.82%
5.83%
5.14%
AVEDX
3.34%
2.35%
1.00%
11.41%
6.05%
4.11%
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AVEWX vs. AVEDX - Expense Ratio Comparison
AVEWX has a 1.18% expense ratio, which is higher than AVEDX's 0.90% expense ratio.
Risk-Adjusted Performance
AVEWX vs. AVEDX — Risk-Adjusted Performance Rank
AVEWX
AVEDX
AVEWX vs. AVEDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria World Equity Fund (AVEWX) and Ave Maria Rising Dividend Fund (AVEDX). 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.
Dividends
AVEWX vs. AVEDX - Dividend Comparison
AVEWX's dividend yield for the trailing twelve months is around 0.38%, less than AVEDX's 0.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEWX Ave Maria World Equity Fund | 0.38% | 0.40% | 0.80% | 1.19% | 0.34% | 0.47% | 0.71% | 1.13% | 0.44% | 0.48% | 0.57% | 0.29% |
AVEDX Ave Maria Rising Dividend Fund | 0.98% | 1.01% | 1.12% | 1.58% | 0.92% | 1.10% | 1.22% | 1.57% | 1.07% | 1.64% | 1.50% | 1.02% |
Drawdowns
AVEWX vs. AVEDX - Drawdown Comparison
The maximum AVEWX drawdown since its inception was -41.39%, smaller than the maximum AVEDX drawdown of -49.03%. Use the drawdown chart below to compare losses from any high point for AVEWX and AVEDX. For additional features, visit the drawdowns tool.
Volatility
AVEWX vs. AVEDX - Volatility Comparison
Ave Maria World Equity Fund (AVEWX) has a higher volatility of 4.59% compared to Ave Maria Rising Dividend Fund (AVEDX) at 3.35%. This indicates that AVEWX's price experiences larger fluctuations and is considered to be riskier than AVEDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.