AVEWX vs. MBXIX
AVEWX (Ave Maria World Equity Fund) and MBXIX (Catalyst/Millburn Hedge Strategy Fund Class I) are both mutual funds - AVEWX is a Global Equities fund managed by Ave Maria, while MBXIX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 10 years, AVEWX returned 9.02%/yr vs 7.69%/yr for MBXIX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. AVEWX charges 1.18%/yr vs 2.04%/yr for MBXIX.
Performance
AVEWX vs. MBXIX - Performance Comparison
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Returns By Period
In the year-to-date period, AVEWX achieves a 15.78% return, which is significantly higher than MBXIX's 13.23% return. Over the past 10 years, AVEWX has outperformed MBXIX with an annualized return of 9.02%, while MBXIX has yielded a comparatively lower 7.69% annualized 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%
MBXIX
- 1D
- -0.46%
- 1M
- -1.74%
- 6M
- 9.19%
- YTD
- 13.23%
- 1Y
- 17.31%
- 3Y*
- 10.04%
- 5Y*
- 7.61%
- 10Y*
- 7.69%
- ALL TIME*
- 8.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AVEWX vs. MBXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVEWX Ave Maria World Equity Fund | 15.78% | 10.57% | 4.64% | 24.96% | -15.48% | 21.06% | -0.15% | 27.63% | -8.87% | 17.89% |
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 13.23% | 4.35% | 13.49% | -0.67% | 7.72% | 16.89% | -0.45% | 13.83% | -2.16% | 13.99% |
Correlation
The correlation between AVEWX and MBXIX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2015 | 0.55 |
The correlation between AVEWX and MBXIX shifts across timeframes, from 0.36 (3 years) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AVEWX vs. MBXIX — Risk / Return Rank
AVEWX
MBXIX
AVEWX vs. MBXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria World Equity Fund (AVEWX) and Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX). 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 | MBXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.50 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 4.64 | -2.91 |
| Martin ratioReturn relative to average drawdown | 5.40 | 17.82 | -12.43 |
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Drawdowns
AVEWX vs. MBXIX - Drawdown Comparison
The maximum AVEWX drawdown since its inception was -40.26%, which is greater than MBXIX's maximum drawdown of -31.73%. Use the drawdown chart below to compare losses from any high point for AVEWX and MBXIX.
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Drawdown Indicators
| AVEWX | MBXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.26% | -31.73% | -8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -3.85% | -6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -15.59% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -25.35% | -15.59% | -9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -40.26% | -31.73% | -8.53% |
Current DrawdownCurrent decline from peak | 0.00% | -2.40% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -3.94% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 1.00% | +2.30% |
Volatility
AVEWX vs. MBXIX - Volatility Comparison
Ave Maria World Equity Fund (AVEWX) has a higher volatility of 4.63% compared to Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) at 1.81%. This indicates that AVEWX's price experiences larger fluctuations and is considered to be riskier than MBXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEWX | MBXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 1.81% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 4.97% | +8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 6.73% | +10.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 11.40% | +6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 13.37% | +4.87% |
AVEWX vs. MBXIX - Expense Ratio Comparison
AVEWX has a 1.18% expense ratio, which is lower than MBXIX's 2.04% expense ratio.
Dividends
AVEWX vs. MBXIX - Dividend Comparison
AVEWX's dividend yield for the trailing twelve months is around 2.19%, while MBXIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MBXIX Catalyst/Millburn Hedge Strategy Fund Class I | 0.00% | 0.00% | 2.63% | 2.25% | 7.74% | 0.00% | 4.27% | 5.18% | 3.33% | 3.33% | 1.91% | 0.00% |
Frequently Asked Questions
AVEWX and MBXIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVEWX has higher volatility (4.63%) compared to MBXIX (1.81%). In terms of maximum drawdown, AVEWX dropped -40.26% vs MBXIX's -31.73%.
MBXIX currently has the higher Sharpe Ratio (2.66 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.
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