AVEWX vs. GCCHX
Compare and contrast key facts about Ave Maria World Equity Fund (AVEWX) and GMO Climate Change Fund (GCCHX).
AVEWX is managed by Ave Maria Mutual Funds. It was launched on Apr 29, 2010. GCCHX is managed by GMO. It was launched on Apr 4, 2017.
Performance
AVEWX vs. GCCHX - Performance Comparison
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AVEWX vs. GCCHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVEWX Ave Maria World Equity Fund | -3.90% | 10.57% | 4.64% | 24.96% | -15.48% | 21.06% | -0.15% | 27.63% | -8.87% | 12.19% |
GCCHX GMO Climate Change Fund | 6.61% | 39.25% | -25.63% | -6.85% | -10.39% | 21.84% | 42.82% | 27.36% | -16.35% | 26.15% |
Returns By Period
In the year-to-date period, AVEWX achieves a -3.90% return, which is significantly lower than GCCHX's 6.61% return.
AVEWX
- 1D
- -1.05%
- 1M
- -9.33%
- YTD
- -3.90%
- 6M
- -7.16%
- 1Y
- 9.61%
- 3Y*
- 9.14%
- 5Y*
- 5.92%
- 10Y*
- 7.77%
GCCHX
- 1D
- -1.04%
- 1M
- -5.74%
- YTD
- 6.61%
- 6M
- 15.46%
- 1Y
- 64.36%
- 3Y*
- -1.00%
- 5Y*
- 0.70%
- 10Y*
- —
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AVEWX vs. GCCHX - Expense Ratio Comparison
AVEWX has a 1.18% expense ratio, which is higher than GCCHX's 0.77% expense ratio.
Return for Risk
AVEWX vs. GCCHX — Risk / Return Rank
AVEWX
GCCHX
AVEWX vs. GCCHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria World Equity Fund (AVEWX) and GMO Climate Change Fund (GCCHX). 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 | GCCHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 2.24 | -1.76 |
Sortino ratioReturn per unit of downside risk | 0.80 | 2.89 | -2.09 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.38 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.67 | 3.92 | -3.25 |
Martin ratioReturn relative to average drawdown | 2.25 | 13.98 | -11.72 |
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 | GCCHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 2.24 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.03 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.36 | +0.04 |
Correlation
The correlation between AVEWX and GCCHX 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. GCCHX - Dividend Comparison
AVEWX's dividend yield for the trailing twelve months is around 2.64%, more than GCCHX's 1.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEWX Ave Maria World Equity Fund | 2.64% | 2.54% | 0.92% | 3.82% | 1.19% | 0.34% | 0.47% | 4.57% | 4.87% | 3.03% | 1.95% | 1.86% |
GCCHX GMO Climate Change Fund | 1.41% | 1.51% | 0.66% | 0.96% | 2.24% | 25.43% | 5.42% | 4.03% | 2.62% | 3.43% | 0.00% | 0.00% |
Drawdowns
AVEWX vs. GCCHX - Drawdown Comparison
The maximum AVEWX drawdown since its inception was -40.26%, smaller than the maximum GCCHX drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for AVEWX and GCCHX.
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Drawdown Indicators
| AVEWX | GCCHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.26% | -54.32% | +14.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.32% | -14.89% | +3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -25.35% | -54.32% | +28.97% |
Max Drawdown (10Y)Largest decline over 10 years | -40.26% | — | — |
Current DrawdownCurrent decline from peak | -10.31% | -13.15% | +2.84% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -14.11% | +8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 4.18% | -0.80% |
Volatility
AVEWX vs. GCCHX - Volatility Comparison
The current volatility for Ave Maria World Equity Fund (AVEWX) is 6.25%, while GMO Climate Change Fund (GCCHX) has a volatility of 8.34%. This indicates that AVEWX experiences smaller price fluctuations and is considered to be less risky than GCCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEWX | GCCHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 8.34% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 17.07% | -4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 27.75% | -8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 26.87% | -9.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 25.21% | -7.06% |