FIKVX vs. AVEFX
FIKVX (Fidelity Advisor Asset Manager 20% Fund Class Z) and AVEFX (Ave Maria Bond Fund) are both Diversified Portfolio funds. Over the past 5 years, FIKVX returned 3.16%/yr vs 3.04%/yr for AVEFX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FIKVX charges 0.48%/yr vs 0.41%/yr for AVEFX.
Performance
FIKVX vs. AVEFX - Performance Comparison
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Returns By Period
In the year-to-date period, FIKVX achieves a 3.58% return, which is significantly higher than AVEFX's 2.33% return.
FIKVX
- 1D
- 0.55%
- 1M
- -0.74%
- 6M
- 2.30%
- YTD
- 3.58%
- 1Y
- 8.22%
- 3Y*
- 7.17%
- 5Y*
- 3.16%
- 10Y*
- —
- ALL TIME*
- 4.55%
AVEFX
- 1D
- -0.24%
- 1M
- 0.49%
- 6M
- 0.49%
- YTD
- 2.33%
- 1Y
- 4.17%
- 3Y*
- 5.74%
- 5Y*
- 3.04%
- 10Y*
- 3.82%
- ALL TIME*
- 4.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AVEFX Ave Maria Bond Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FIKVX vs. AVEFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKVX Fidelity Advisor Asset Manager 20% Fund Class Z | 3.58% | 9.45% | 5.38% | 7.95% | -10.17% | 4.14% | 8.58% | 10.76% | -2.40% |
AVEFX Ave Maria Bond Fund | 2.33% | 5.63% | 5.71% | 5.16% | -2.84% | 4.38% | 5.60% | 8.30% | -1.03% |
Correlation
The correlation between FIKVX and AVEFX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.74 |
Over the past year, the correlation between FIKVX and AVEFX has dropped to 0.51 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
FIKVX vs. AVEFX — Risk / Return Rank
FIKVX
AVEFX
FIKVX vs. AVEFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 20% Fund Class Z (FIKVX) 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.
| FIKVX | AVEFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 1.52 | +0.98 |
| Martin ratioReturn relative to average drawdown | 10.21 | 3.46 | +6.75 |
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Drawdowns
FIKVX vs. AVEFX - Drawdown Comparison
The maximum FIKVX drawdown since its inception was -13.90%, which is greater than AVEFX's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for FIKVX and AVEFX.
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Drawdown Indicators
| FIKVX | AVEFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.90% | -10.24% | -3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -2.83% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -4.21% | -2.83% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -13.90% | -7.57% | -6.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -10.24% | — |
Current DrawdownCurrent decline from peak | -1.07% | -1.26% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -0.98% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.24% | -0.44% |
Volatility
FIKVX vs. AVEFX - Volatility Comparison
Fidelity Advisor Asset Manager 20% Fund Class Z (FIKVX) has a higher volatility of 1.32% compared to Ave Maria Bond Fund (AVEFX) at 0.84%. This indicates that FIKVX'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
| FIKVX | AVEFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 0.84% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.92% | 2.32% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 3.00% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.14% | 4.13% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 4.02% | +1.12% |
FIKVX vs. AVEFX - Expense Ratio Comparison
FIKVX has a 0.48% expense ratio, which is higher than AVEFX's 0.41% expense ratio.
Dividends
FIKVX vs. AVEFX - Dividend Comparison
FIKVX's dividend yield for the trailing twelve months is around 2.78%, less than AVEFX's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEFX Ave Maria Bond Fund | 3.35% | 3.51% | 2.94% | 2.47% | 3.59% | 2.32% | 2.43% | 3.31% | 3.21% | 2.04% | 2.94% | 1.89% |
FIKVX Fidelity Advisor Asset Manager 20% Fund Class Z | 2.55% | 3.09% | 3.38% | 3.20% | 4.59% | 1.66% | 2.19% | 3.05% | 2.90% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FIKVX and AVEFX 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.
FIKVX has higher volatility (1.32%) compared to AVEFX (0.84%). In terms of maximum drawdown, FIKVX dropped -13.90% vs AVEFX's -10.24%.
FIKVX currently has the higher Sharpe Ratio (1.80 vs 1.44), 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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