DNLAX vs. AVEMX
Compare and contrast key facts about BNY Mellon Natural Resources Fund Class A (DNLAX) and Ave Maria Value Fund (AVEMX).
DNLAX is managed by BNY Mellon. It was launched on Oct 31, 2003. AVEMX is managed by Ave Maria Mutual Funds. It was launched on May 1, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DNLAX or AVEMX.
Performance
DNLAX vs. AVEMX - Performance Comparison
Returns By Period
In the year-to-date period, DNLAX achieves a 11.40% return, which is significantly lower than AVEMX's 33.88% return. Over the past 10 years, DNLAX has outperformed AVEMX with an annualized return of 5.97%, while AVEMX has yielded a comparatively lower 4.13% annualized return.
DNLAX
11.40%
4.09%
0.91%
3.94%
13.52%
5.97%
AVEMX
33.88%
9.35%
28.28%
33.69%
10.40%
4.13%
Key characteristics
| DNLAX | AVEMX | |
|---|---|---|
| Sharpe Ratio | 0.17 | 2.17 |
| Sortino Ratio | 0.34 | 2.98 |
| Omega Ratio | 1.05 | 1.40 |
| Calmar Ratio | 0.13 | 3.43 |
| Martin Ratio | 0.48 | 9.39 |
| Ulcer Index | 7.76% | 3.60% |
| Daily Std Dev | 21.94% | 15.60% |
| Max Drawdown | -69.14% | -60.09% |
| Current Drawdown | -15.25% | 0.00% |
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DNLAX vs. AVEMX - Expense Ratio Comparison
DNLAX has a 1.14% expense ratio, which is higher than AVEMX's 0.97% expense ratio.
Correlation
The correlation between DNLAX and AVEMX 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.
Risk-Adjusted Performance
DNLAX vs. AVEMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Natural Resources Fund Class A (DNLAX) and Ave Maria Value Fund (AVEMX). 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.
Dividends
DNLAX vs. AVEMX - Dividend Comparison
DNLAX's dividend yield for the trailing twelve months is around 2.09%, more than AVEMX's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DNLAX BNY Mellon Natural Resources Fund Class A | 2.09% | 2.32% | 1.35% | 1.19% | 0.91% | 1.95% | 1.53% | 0.40% | 1.26% | 0.98% | 0.74% |
AVEMX Ave Maria Value Fund | 0.61% | 0.82% | 1.15% | 0.27% | 0.47% | 0.04% | 0.00% | 0.00% | 0.00% | 0.07% | 0.00% |
Drawdowns
DNLAX vs. AVEMX - Drawdown Comparison
The maximum DNLAX drawdown since its inception was -69.14%, which is greater than AVEMX's maximum drawdown of -60.09%. Use the drawdown chart below to compare losses from any high point for DNLAX and AVEMX. For additional features, visit the drawdowns tool.
Volatility
DNLAX vs. AVEMX - Volatility Comparison
The current volatility for BNY Mellon Natural Resources Fund Class A (DNLAX) is 4.94%, while Ave Maria Value Fund (AVEMX) has a volatility of 5.34%. This indicates that DNLAX experiences smaller price fluctuations and is considered to be less risky than AVEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.