FCAZX vs. AVEFX
FCAZX (Franklin Corefolio Allocation Fund) and AVEFX (Ave Maria Bond Fund) are both Diversified Portfolio funds. Over the past 10 years, FCAZX returned 11.71%/yr vs 3.86%/yr for AVEFX. A 0.63 correlation means they provide meaningful diversification when combined. FCAZX charges 0.16%/yr vs 0.41%/yr for AVEFX.
Performance
FCAZX vs. AVEFX - Performance Comparison
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Returns By Period
In the year-to-date period, FCAZX achieves a 4.66% return, which is significantly higher than AVEFX's 1.12% return. Over the past 10 years, FCAZX has outperformed AVEFX with an annualized return of 11.71%, while AVEFX has yielded a comparatively lower 3.86% annualized return.
FCAZX
- 1D
- 0.04%
- 1M
- -0.97%
- YTD
- 4.66%
- 6M
- 3.46%
- 1Y
- 12.15%
- 3Y*
- 15.88%
- 5Y*
- 7.55%
- 10Y*
- 11.71%
AVEFX
- 1D
- 0.16%
- 1M
- -0.42%
- YTD
- 1.12%
- 6M
- 0.93%
- 1Y
- 3.43%
- 3Y*
- 5.64%
- 5Y*
- 2.86%
- 10Y*
- 3.86%
FCAZX vs. AVEFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCAZX Franklin Corefolio Allocation Fund | 4.66% | 14.61% | 16.27% | 25.65% | -20.52% | 16.05% | 18.51% | 26.08% | -6.87% | 19.10% |
AVEFX Ave Maria Bond Fund | 1.12% | 5.63% | 5.71% | 5.16% | -2.84% | 4.38% | 5.60% | 8.30% | 0.41% | 4.16% |
Correlation
The correlation between FCAZX and AVEFX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2013 | 0.63 |
The correlation between FCAZX and AVEFX shifts across timeframes, from 0.44 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FCAZX vs. AVEFX — Risk / Return Rank
FCAZX
AVEFX
FCAZX vs. AVEFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Corefolio Allocation Fund (FCAZX) 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.
| FCAZX | AVEFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.31 | -0.10 |
| Martin ratioReturn relative to average drawdown | 5.05 | 3.29 | +1.75 |
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Drawdowns
FCAZX vs. AVEFX - Drawdown Comparison
The maximum FCAZX drawdown since its inception was -32.73%, which is greater than AVEFX's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for FCAZX and AVEFX.
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Drawdown Indicators
| FCAZX | AVEFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.73% | -10.24% | -22.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -2.83% | -8.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -2.83% | -14.97% |
Max Drawdown (5Y)Largest decline over 5 years | -29.53% | -7.57% | -21.96% |
Max Drawdown (10Y)Largest decline over 10 years | -32.73% | -10.24% | -22.49% |
Current DrawdownCurrent decline from peak | -2.12% | -2.43% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -0.97% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.12% | +1.51% |
Volatility
FCAZX vs. AVEFX - Volatility Comparison
Franklin Corefolio Allocation Fund (FCAZX) has a higher volatility of 5.26% compared to Ave Maria Bond Fund (AVEFX) at 0.91%. This indicates that FCAZX'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
| FCAZX | AVEFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 0.91% | +4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 2.31% | +8.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.23% | 2.99% | +10.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 4.13% | +12.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 4.02% | +12.80% |
FCAZX vs. AVEFX - Expense Ratio Comparison
FCAZX has a 0.16% expense ratio, which is lower than AVEFX's 0.41% expense ratio.
Dividends
FCAZX vs. AVEFX - Dividend Comparison
FCAZX's dividend yield for the trailing twelve months is around 13.50%, more than AVEFX's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEFX Ave Maria Bond Fund | 3.48% | 3.51% | 2.94% | 2.47% | 3.59% | 2.32% | 2.43% | 3.31% | 3.21% | 2.04% | 2.94% | 1.89% |
FCAZX Franklin Corefolio Allocation Fund | 13.50% | 7.51% | 7.25% | 4.44% | 8.39% | 3.94% | 7.30% | 8.49% | 6.14% | 3.09% | 4.63% | 5.17% |
Frequently Asked Questions
FCAZX and AVEFX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCAZX has higher volatility (5.26%) compared to AVEFX (0.91%). In terms of maximum drawdown, FCAZX dropped -32.73% vs AVEFX's -10.24%.
AVEFX currently has the higher Sharpe Ratio (1.23 vs 1.00), 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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