GLRBX vs. AVEFX
GLRBX (James Balanced: Golden Rainbow Fund) and AVEFX (Ave Maria Bond Fund) are both Diversified Portfolio funds. Over the past 10 years, GLRBX returned 4.81%/yr vs 3.82%/yr for AVEFX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. GLRBX charges 1.18%/yr vs 0.41%/yr for AVEFX.
Performance
GLRBX vs. AVEFX - Performance Comparison
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Returns By Period
In the year-to-date period, GLRBX achieves a 5.13% return, which is significantly higher than AVEFX's 2.33% return. Over the past 10 years, GLRBX has outperformed AVEFX with an annualized return of 4.81%, while AVEFX has yielded a comparatively lower 3.82% annualized return.
GLRBX
- 1D
- 1.13%
- 1M
- -0.40%
- 6M
- 3.02%
- YTD
- 5.13%
- 1Y
- 12.98%
- 3Y*
- 11.33%
- 5Y*
- 6.14%
- 10Y*
- 4.81%
- ALL TIME*
- 6.12%
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 |
GLRBX vs. AVEFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLRBX James Balanced: Golden Rainbow Fund | 5.13% | 13.16% | 12.27% | 11.52% | -12.77% | 12.69% | 1.54% | 12.10% | -10.60% | 6.03% |
AVEFX Ave Maria Bond Fund | 2.33% | 5.63% | 5.71% | 5.16% | -2.84% | 4.38% | 5.60% | 8.30% | 0.41% | 4.16% |
Correlation
The correlation between GLRBX and AVEFX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 6, 2003 | 0.71 |
Over the past year, the correlation between GLRBX and AVEFX has dropped to 0.44 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
GLRBX vs. AVEFX — Risk / Return Rank
GLRBX
AVEFX
GLRBX vs. AVEFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for James Balanced: Golden Rainbow Fund (GLRBX) 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.
| GLRBX | AVEFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.52 | +0.74 |
| Martin ratioReturn relative to average drawdown | 10.02 | 3.46 | +6.56 |
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Drawdowns
GLRBX vs. AVEFX - Drawdown Comparison
The maximum GLRBX drawdown since its inception was -21.59%, which is greater than AVEFX's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for GLRBX and AVEFX.
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Drawdown Indicators
| GLRBX | AVEFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -10.24% | -11.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.55% | -2.83% | -2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -8.75% | -2.83% | -5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.73% | -7.57% | -9.16% |
Max Drawdown (10Y)Largest decline over 10 years | -16.86% | -10.24% | -6.62% |
Current DrawdownCurrent decline from peak | -0.76% | -1.26% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -0.98% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.24% | +0.01% |
Volatility
GLRBX vs. AVEFX - Volatility Comparison
James Balanced: Golden Rainbow Fund (GLRBX) has a higher volatility of 2.17% compared to Ave Maria Bond Fund (AVEFX) at 0.84%. This indicates that GLRBX'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
| GLRBX | AVEFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 0.84% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 6.44% | 2.32% | +4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.73% | 3.00% | +4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 4.13% | +4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 4.02% | +4.32% |
GLRBX vs. AVEFX - Expense Ratio Comparison
GLRBX has a 1.18% expense ratio, which is higher than AVEFX's 0.41% expense ratio.
Dividends
GLRBX vs. AVEFX - Dividend Comparison
GLRBX's dividend yield for the trailing twelve months is around 4.73%, more 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% |
GLRBX James Balanced: Golden Rainbow Fund | 4.73% | 4.95% | 3.31% | 2.05% | 5.18% | 6.72% | 1.14% | 1.90% | 11.45% | 7.69% | 1.59% | 2.59% |
Frequently Asked Questions
GLRBX 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.
GLRBX has higher volatility (2.17%) compared to AVEFX (0.84%). In terms of maximum drawdown, GLRBX dropped -21.59% vs AVEFX's -10.24%.
GLRBX currently has the higher Sharpe Ratio (1.63 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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