AVEWX vs. AVERX

Last updated Aug 5, 2026

AVEWX (Ave Maria World Equity Fund) and AVERX (Ave Maria Value Focused Fund) are both mutual funds - AVEWX is a Global Equities fund managed by Ave Maria, while AVERX is a Large Cap Value Equities fund tracking the S&P 500® Index. Over the past year, AVEWX returned 16.37% vs 25.21% for AVERX. Their 0.42 correlation means their historical movements had little consistent relationship. AVEWX charges 1.18%/yr vs 1.26%/yr for AVERX.

Performance

AVEWX vs. AVERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ave Maria World Equity Fund (AVEWX) and Ave Maria Value Focused Fund (AVERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVEWX achieves a 15.78% return, which is significantly lower than AVERX's 21.18% return.

AVEWX

• 1D: 0.93%
• 1M: 2.55%
• 6M: 12.34%
• YTD: 15.78%
• 1Y: 16.37%
• 3Y*: 13.27%
• 5Y*: 8.47%
• 10Y*: 9.02%
• ALL TIME*: 7.98%

AVERX

• 1D: 0.22%
• 1M: 3.73%
• 6M: 10.89%
• YTD: 21.18%
• 1Y: 25.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVERX Ave Maria Value Focused Fund	$0.00	$0.00	$0.00
AVEWX Ave Maria World Equity Fund	$0.00	$0.00	$0.00

AVEWX vs. AVERX - Yearly Performance Comparison

	2026 (YTD)	2025
AVEWX Ave Maria World Equity Fund	15.78%	11.07%
AVERX Ave Maria Value Focused Fund	21.18%	0.37%

Correlation

The correlation between AVEWX and AVERX is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025	0.42

Return for Risk

AVEWX vs. AVERX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVEWX

AVEWX Risk / Return Rank: 29
AVEWX Sharpe Ratio Rank: 27
AVEWX Sortino Ratio Rank: 25
AVEWX Omega Ratio Rank: 25
AVEWX Calmar Ratio Rank: 36
AVEWX Martin Ratio Rank: 33

AVERX

AVERX Risk / Return Rank: 40
AVERX Sharpe Ratio Rank: 43
AVERX Sortino Ratio Rank: 40
AVERX Omega Ratio Rank: 38
AVERX Calmar Ratio Rank: 50
AVERX Martin Ratio Rank: 32

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVEWX vs. AVERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ave Maria World Equity Fund (AVEWX) and Ave Maria Value Focused Fund (AVERX). 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.

	AVEWX	AVERX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.41	-0.35
Sortino ratio: Return per unit of downside risk	1.52	1.95	-0.44
Omega ratio: Gain probability vs. loss probability	1.19	1.24	-0.05
Calmar ratio: Return relative to maximum drawdown	1.73	2.07	-0.33
Martin ratio: Return relative to average drawdown	5.40	5.02	+0.37

AVEWX vs. AVERX - Sharpe Ratio Comparison

The current AVEWX Sharpe Ratio is 1.06, which is comparable to the AVERX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of AVEWX and AVERX, 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

AVEWX vs. AVERX - Drawdown Comparison

The maximum AVEWX drawdown since its inception was -40.26%, which is greater than AVERX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for AVEWX and AVERX.

Drawdown Indicators

	AVEWX	AVERX	Difference
Max Drawdown Largest peak-to-trough decline	-40.26%	-13.39%	-26.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.31%	-13.39%	+3.08%
Max Drawdown (3Y) Largest decline over 3 years	-17.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.26%	—	—
Current Drawdown Current decline from peak	0.00%	-5.73%	+5.73%
Average Drawdown Average peak-to-trough decline	-5.59%	-6.13%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	5.50%	-2.20%

Volatility

AVEWX vs. AVERX - Volatility Comparison

Ave Maria World Equity Fund (AVEWX) has a higher volatility of 4.63% compared to Ave Maria Value Focused Fund (AVERX) at 3.70%. This indicates that AVEWX's price experiences larger fluctuations and is considered to be riskier than AVERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVEWX	AVERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	3.70%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	14.30%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	16.90%	19.69%	-2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.58%	18.75%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.24%	18.75%	-0.51%

AVEWX vs. AVERX - Expense Ratio Comparison

AVEWX has a 1.18% expense ratio, which is lower than AVERX's 1.26% expense ratio.

Dividends

AVEWX vs. AVERX - Dividend Comparison

AVEWX's dividend yield for the trailing twelve months is around 2.19%, more than AVERX's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVERX Ave Maria Value Focused Fund	0.34%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AVEWX Ave Maria World Equity Fund	2.19%	2.54%	0.92%	3.82%	1.19%	0.34%	0.47%	4.57%	4.87%	3.03%	1.95%	1.86%

Frequently Asked Questions

Can I hold both AVEWX and AVERX in my portfolio?

AVEWX and AVERX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVEWX or AVERX?

AVEWX has higher volatility (4.63%) compared to AVERX (3.70%). In terms of maximum drawdown, AVEWX dropped -40.26% vs AVERX's -13.39%.

Which has better risk-adjusted returns?

AVERX currently has the higher Sharpe Ratio (1.41 vs 1.06), 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.