AYBLX vs. AVEFX
AYBLX (Pioneer Balanced ESG Fund) and AVEFX (Ave Maria Bond Fund) are both Diversified Portfolio funds. Over the past 10 years, AYBLX returned 10.67%/yr vs 3.79%/yr for AVEFX. A 0.68 correlation means they provide meaningful diversification when combined. AYBLX charges 0.65%/yr vs 0.41%/yr for AVEFX.
Performance
AYBLX vs. AVEFX - Performance Comparison
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Returns By Period
In the year-to-date period, AYBLX achieves a 13.99% return, which is significantly higher than AVEFX's 0.71% return. Over the past 10 years, AYBLX has outperformed AVEFX with an annualized return of 10.67%, while AVEFX has yielded a comparatively lower 3.79% annualized return.
AYBLX
- 1D
- -0.21%
- 1M
- 1.64%
- YTD
- 13.99%
- 6M
- 13.54%
- 1Y
- 32.24%
- 3Y*
- 17.53%
- 5Y*
- 9.58%
- 10Y*
- 10.67%
AVEFX
- 1D
- -0.08%
- 1M
- -0.66%
- YTD
- 0.71%
- 6M
- 0.76%
- 1Y
- 3.26%
- 3Y*
- 5.56%
- 5Y*
- 2.79%
- 10Y*
- 3.79%
AYBLX vs. AVEFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AYBLX Pioneer Balanced ESG Fund | 13.99% | 19.80% | 9.64% | 15.41% | -14.39% | 15.48% | 12.92% | 22.22% | -4.43% | 15.19% |
AVEFX Ave Maria Bond Fund | 0.71% | 5.63% | 5.71% | 5.16% | -2.84% | 4.38% | 5.60% | 8.30% | 0.41% | 4.16% |
Correlation
The correlation between AYBLX and AVEFX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 6, 2003 | 0.68 |
Over the past year, the correlation between AYBLX and AVEFX has dropped to 0.47 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
AYBLX vs. AVEFX — Risk / Return Rank
AYBLX
AVEFX
AYBLX vs. AVEFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Balanced ESG Fund (AYBLX) and Ave Maria Bond Fund (AVEFX). 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.
| AYBLX | AVEFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.20 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 5.16 | 1.22 | +3.95 |
| Martin ratioReturn relative to average drawdown | 24.00 | 3.17 | +20.83 |
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Drawdowns
AYBLX vs. AVEFX - Drawdown Comparison
The maximum AYBLX drawdown since its inception was -36.28%, which is greater than AVEFX's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for AYBLX and AVEFX.
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Drawdown Indicators
| AYBLX | AVEFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.28% | -10.24% | -26.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -2.83% | -3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -13.39% | -2.83% | -10.56% |
Max Drawdown (5Y)Largest decline over 5 years | -20.26% | -7.57% | -12.69% |
Max Drawdown (10Y)Largest decline over 10 years | -24.24% | -10.24% | -14.00% |
Current DrawdownCurrent decline from peak | -0.52% | -2.83% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -0.97% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.08% | +0.30% |
Volatility
AYBLX vs. AVEFX - Volatility Comparison
Pioneer Balanced ESG Fund (AYBLX) has a higher volatility of 3.63% compared to Ave Maria Bond Fund (AVEFX) at 0.89%. This indicates that AYBLX's price experiences larger fluctuations and is considered to be riskier than AVEFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYBLX | AVEFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 0.89% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 2.30% | +5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.95% | 2.99% | +6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.13% | 4.13% | +7.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.33% | 4.03% | +7.30% |
AYBLX vs. AVEFX - Expense Ratio Comparison
AYBLX has a 0.65% expense ratio, which is higher than AVEFX's 0.41% expense ratio.
Dividends
AYBLX vs. AVEFX - Dividend Comparison
AYBLX's dividend yield for the trailing twelve months is around 3.24%, less than AVEFX's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEFX Ave Maria Bond Fund | 3.49% | 3.51% | 2.94% | 2.47% | 3.59% | 2.32% | 2.43% | 3.31% | 3.21% | 2.04% | 2.94% | 1.89% |
AYBLX Pioneer Balanced ESG Fund | 3.24% | 3.58% | 2.59% | 1.76% | 3.23% | 8.61% | 4.12% | 6.03% | 9.97% | 9.42% | 2.63% | 4.14% |
Frequently Asked Questions
AYBLX and AVEFX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AYBLX has higher volatility (3.63%) compared to AVEFX (0.89%). In terms of maximum drawdown, AYBLX dropped -36.28% vs AVEFX's -10.24%.
AYBLX currently has the higher Sharpe Ratio (3.33 vs 1.15), 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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