AVEWX vs. FGIAX
Compare and contrast key facts about Ave Maria World Equity Fund (AVEWX) and Nuveen Global Infrastructure Fund Class A (FGIAX).
AVEWX is managed by Ave Maria Mutual Funds. It was launched on Apr 29, 2010. FGIAX is a passively managed fund by Nuveen that tracks the performance of the S&P Global Infrastructure Index NR. It was launched on Dec 17, 2007.
Performance
AVEWX vs. FGIAX - Performance Comparison
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AVEWX vs. FGIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVEWX Ave Maria World Equity Fund | -0.60% | 10.57% | 4.64% | 24.96% | -15.48% | 21.06% | -0.15% | 27.63% | -8.87% | 17.89% |
FGIAX Nuveen Global Infrastructure Fund Class A | 10.36% | 17.73% | 10.70% | 8.51% | -6.23% | 14.51% | -2.76% | 29.32% | -7.91% | 19.40% |
Returns By Period
In the year-to-date period, AVEWX achieves a -0.60% return, which is significantly lower than FGIAX's 10.36% return. Over the past 10 years, AVEWX has underperformed FGIAX with an annualized return of 8.13%, while FGIAX has yielded a comparatively higher 8.78% annualized return.
AVEWX
- 1D
- 3.43%
- 1M
- -5.76%
- YTD
- -0.60%
- 6M
- -3.86%
- 1Y
- 12.61%
- 3Y*
- 10.37%
- 5Y*
- 6.30%
- 10Y*
- 8.13%
FGIAX
- 1D
- 0.76%
- 1M
- -2.77%
- YTD
- 10.36%
- 6M
- 10.94%
- 1Y
- 21.22%
- 3Y*
- 14.32%
- 5Y*
- 10.46%
- 10Y*
- 8.78%
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AVEWX vs. FGIAX - Expense Ratio Comparison
AVEWX has a 1.18% expense ratio, which is lower than FGIAX's 1.21% expense ratio.
Return for Risk
AVEWX vs. FGIAX — Risk / Return Rank
AVEWX
FGIAX
AVEWX vs. FGIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria World Equity Fund (AVEWX) and Nuveen Global Infrastructure Fund Class A (FGIAX). 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.
| AVEWX | FGIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 1.79 | -1.10 |
Sortino ratioReturn per unit of downside risk | 1.08 | 2.30 | -1.22 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.36 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.73 | -1.59 |
Martin ratioReturn relative to average drawdown | 3.80 | 12.62 | -8.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVEWX | FGIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.79 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.80 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.58 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.42 | -0.01 |
Correlation
The correlation between AVEWX and FGIAX is 0.75, 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.
Dividends
AVEWX vs. FGIAX - Dividend Comparison
AVEWX's dividend yield for the trailing twelve months is around 2.55%, less than FGIAX's 9.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEWX Ave Maria World Equity Fund | 2.55% | 2.54% | 0.92% | 3.82% | 1.19% | 0.34% | 0.47% | 4.57% | 4.87% | 3.03% | 1.95% | 1.86% |
FGIAX Nuveen Global Infrastructure Fund Class A | 9.05% | 9.99% | 7.46% | 2.27% | 6.11% | 7.20% | 1.38% | 7.06% | 6.32% | 5.83% | 8.23% | 3.05% |
Drawdowns
AVEWX vs. FGIAX - Drawdown Comparison
The maximum AVEWX drawdown since its inception was -40.26%, smaller than the maximum FGIAX drawdown of -49.35%. Use the drawdown chart below to compare losses from any high point for AVEWX and FGIAX.
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Drawdown Indicators
| AVEWX | FGIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.26% | -49.35% | +9.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.32% | -8.29% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.35% | -21.08% | -4.27% |
Max Drawdown (10Y)Largest decline over 10 years | -40.26% | -38.02% | -2.24% |
Current DrawdownCurrent decline from peak | -7.23% | -3.06% | -4.17% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -7.22% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 1.79% | +1.62% |
Volatility
AVEWX vs. FGIAX - Volatility Comparison
Ave Maria World Equity Fund (AVEWX) has a higher volatility of 7.34% compared to Nuveen Global Infrastructure Fund Class A (FGIAX) at 4.15%. This indicates that AVEWX's price experiences larger fluctuations and is considered to be riskier than FGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEWX | FGIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 4.15% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 7.07% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 12.28% | +7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 13.08% | +4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 15.17% | +3.01% |