CATH vs. AVEDX

Last updated Jun 26, 2026

CATH (Global X S&P 500 Catholic Values ETF) and AVEDX (Ave Maria Rising Dividend Fund) are both funds - CATH is a S&P 500 fund tracking the S&P 500 Catholic Values Index, while AVEDX is a Large Cap Blend Equities fund managed by Ave Maria Mutual Funds. Over the past 10 years, CATH returned 15.12%/yr vs 10.86%/yr for AVEDX. Their correlation of 0.81 suggests significant overlap in exposure. CATH charges 0.29%/yr vs 0.90%/yr for AVEDX.

Performance

CATH vs. AVEDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Catholic Values ETF (CATH) and Ave Maria Rising Dividend Fund (AVEDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CATH achieves a 6.34% return, which is significantly higher than AVEDX's -1.03% return. Over the past 10 years, CATH has outperformed AVEDX with an annualized return of 15.12%, while AVEDX has yielded a comparatively lower 10.86% annualized return.

CATH

• 1D: -0.10%
• 1M: -2.39%
• YTD: 6.34%
• 6M: 4.98%
• 1Y: 18.85%
• 3Y*: 19.23%
• 5Y*: 11.58%
• 10Y*: 15.12%

AVEDX

• 1D: 1.34%
• 1M: 0.28%
• YTD: -1.03%
• 6M: -2.55%
• 1Y: -3.79%
• 3Y*: 11.75%
• 5Y*: 7.68%
• 10Y*: 10.86%

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

CATH vs. AVEDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CATH Global X S&P 500 Catholic Values ETF	6.34%	17.08%	23.34%	26.15%	-19.96%	28.87%	18.80%	30.64%	-5.80%	22.83%
AVEDX Ave Maria Rising Dividend Fund	-1.03%	-0.43%	14.36%	26.37%	-5.18%	25.31%	6.46%	27.56%	-4.83%	16.84%

Correlation

The correlation between CATH and AVEDX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Apr 19, 2016	0.81

Over the past year, the correlation between CATH and AVEDX has dropped to 0.51 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

CATH vs. AVEDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CATH

CATH Risk / Return Rank: 49
CATH Sharpe Ratio Rank: 49
CATH Sortino Ratio Rank: 47
CATH Omega Ratio Rank: 48
CATH Calmar Ratio Rank: 46
CATH Martin Ratio Rank: 56

AVEDX

AVEDX Risk / Return Rank: 2
AVEDX Sharpe Ratio Rank: 2
AVEDX Sortino Ratio Rank: 2
AVEDX Omega Ratio Rank: 2
AVEDX Calmar Ratio Rank: 1
AVEDX Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CATH vs. AVEDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Catholic Values ETF (CATH) and Ave Maria Rising Dividend Fund (AVEDX). 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.

	CATH	AVEDX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	-0.38	+1.88
Sortino ratio: Return per unit of downside risk	2.07	-0.47	+2.54
Omega ratio: Gain probability vs. loss probability	1.27	0.95	+0.32
Calmar ratio: Return relative to maximum drawdown	2.01	-0.43	+2.44
Martin ratio: Return relative to average drawdown	8.62	-0.88	+9.50

CATH vs. AVEDX - Sharpe Ratio Comparison

The current CATH Sharpe Ratio is 1.49, which is higher than the AVEDX Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of CATH and AVEDX, 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

CATH vs. AVEDX - Drawdown Comparison

The maximum CATH drawdown since its inception was -33.95%, smaller than the maximum AVEDX drawdown of -47.25%. Use the drawdown chart below to compare losses from any high point for CATH and AVEDX.

Drawdown Indicators

	CATH	AVEDX	Difference
Max Drawdown Largest peak-to-trough decline	-33.95%	-47.25%	+13.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-10.86%	+1.44%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-15.53%	-3.81%
Max Drawdown (5Y) Largest decline over 5 years	-28.14%	-16.85%	-11.29%
Max Drawdown (10Y) Largest decline over 10 years	-33.95%	-38.91%	+4.96%
Current Drawdown Current decline from peak	-3.45%	-10.28%	+6.83%
Average Drawdown Average peak-to-trough decline	-5.18%	-5.83%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	5.31%	-3.12%

Volatility

CATH vs. AVEDX - Volatility Comparison

Global X S&P 500 Catholic Values ETF (CATH) has a higher volatility of 4.65% compared to Ave Maria Rising Dividend Fund (AVEDX) at 3.80%. This indicates that CATH's price experiences larger fluctuations and is considered to be riskier than AVEDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CATH	AVEDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	3.80%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	9.55%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	12.32%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	16.50%	+1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.63%	18.00%	+0.63%

CATH vs. AVEDX - Expense Ratio Comparison

CATH has a 0.29% expense ratio, which is lower than AVEDX's 0.90% expense ratio.

Dividends

CATH vs. AVEDX - Dividend Comparison

CATH's dividend yield for the trailing twelve months is around 0.79%, less than AVEDX's 5.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEDX Ave Maria Rising Dividend Fund	5.60%	5.49%	6.43%	12.61%	7.94%	10.53%	2.60%	8.03%	10.88%	6.32%	6.95%	7.11%
CATH Global X S&P 500 Catholic Values ETF	0.79%	0.84%	0.95%	1.16%	1.34%	1.03%	1.23%	0.68%	2.01%	1.27%	0.50%	0.00%

Frequently Asked Questions

Can I hold both CATH and AVEDX in my portfolio?

CATH and AVEDX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CATH or AVEDX?

CATH has higher volatility (4.65%) compared to AVEDX (3.80%). In terms of maximum drawdown, CATH dropped -33.95% vs AVEDX's -47.25%.

Which has better risk-adjusted returns?

CATH currently has the higher Sharpe Ratio (1.49 vs -0.38), 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.