IVGSX vs. AVERX

Last updated Jun 3, 2026

IVGSX (VY Invesco Growth and Income Portfolio) and AVERX (Ave Maria Value Focused Fund) are both Large Cap Value Equities funds. Over the past year, IVGSX returned 22.19% vs 16.66% for AVERX. At a 0.45 correlation, their price movements are largely independent. IVGSX charges 0.86%/yr vs 1.26%/yr for AVERX.

Performance

IVGSX vs. AVERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY Invesco Growth and Income Portfolio (IVGSX) and Ave Maria Value Focused Fund (AVERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVGSX achieves a 6.47% return, which is significantly lower than AVERX's 17.13% return.

IVGSX

• 1D: -0.54%
• 1M: -0.18%
• YTD: 6.47%
• 6M: 9.32%
• 1Y: 22.19%
• 3Y*: 16.86%
• 5Y*: 9.71%
• 10Y*: 11.00%

AVERX

• 1D: 0.60%
• 1M: -2.04%
• YTD: 17.13%
• 6M: 16.12%
• 1Y: 16.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVGSX vs. AVERX - Yearly Performance Comparison

	2026 (YTD)	2025
IVGSX VY Invesco Growth and Income Portfolio	6.47%	22.05%
AVERX Ave Maria Value Focused Fund	17.13%	0.37%

Correlation

The correlation between IVGSX and AVERX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.45

Return for Risk

IVGSX vs. AVERX — Risk / Return Rank

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

IVGSX

IVGSX Risk / Return Rank: 65
IVGSX Sharpe Ratio Rank: 48
IVGSX Sortino Ratio Rank: 44
IVGSX Omega Ratio Rank: 48
IVGSX Calmar Ratio Rank: 92
IVGSX Martin Ratio Rank: 93

AVERX

AVERX Risk / Return Rank: 14
AVERX Sharpe Ratio Rank: 12
AVERX Sortino Ratio Rank: 12
AVERX Omega Ratio Rank: 11
AVERX Calmar Ratio Rank: 22
AVERX Martin Ratio Rank: 14

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.

IVGSX vs. AVERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY Invesco Growth and Income Portfolio (IVGSX) and Ave Maria Value Focused Fund (AVERX). 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.

	IVGSX	AVERX	Difference
Sharpe ratio Return per unit of total volatility	2.05	0.93	+1.12
Sortino ratio Return per unit of downside risk	2.80	1.37	+1.43
Omega ratio Gain probability vs. loss probability	1.38	1.17	+0.21
Calmar ratio Return relative to maximum drawdown	4.95	1.72	+3.23
Martin ratio Return relative to average drawdown	20.42	4.09	+16.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVGSX vs. AVERX - Sharpe Ratio Comparison

The current IVGSX Sharpe Ratio is 2.05, which is higher than the AVERX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of IVGSX and AVERX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IVGSX	AVERX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	0.93	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.85	-0.35

Drawdowns

IVGSX vs. AVERX - Drawdown Comparison

The maximum IVGSX drawdown since its inception was -53.48%, which is greater than AVERX's maximum drawdown of -11.33%. Use the drawdown chart below to compare losses from any high point for IVGSX and AVERX.

Drawdown Indicators

	IVGSX	AVERX	Difference
Max Drawdown Largest peak-to-trough decline	-53.48%	-11.33%	-42.15%
Max Drawdown (1Y) Largest decline over 1 year	-7.44%	-10.27%	+2.83%
Max Drawdown (3Y) Largest decline over 3 years	-18.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.77%	—	—
Current Drawdown Current decline from peak	-1.30%	-8.88%	+7.58%
Average Drawdown Average peak-to-trough decline	-8.10%	-5.73%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	4.32%	-2.52%

Volatility

IVGSX vs. AVERX - Volatility Comparison

VY Invesco Growth and Income Portfolio (IVGSX) has a higher volatility of 5.61% compared to Ave Maria Value Focused Fund (AVERX) at 4.32%. This indicates that IVGSX's price experiences larger fluctuations and is considered to be riskier than AVERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVGSX	AVERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	4.32%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	14.70%	-4.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.37%	19.00%	-6.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	18.86%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	18.86%	+1.00%

IVGSX vs. AVERX - Expense Ratio Comparison

IVGSX has a 0.86% expense ratio, which is lower than AVERX's 1.26% expense ratio.

Dividends

IVGSX vs. AVERX - Dividend Comparison

IVGSX's dividend yield for the trailing twelve months is around 22.13%, more than AVERX's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVERX Ave Maria Value Focused Fund	0.35%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IVGSX VY Invesco Growth and Income Portfolio	22.13%	23.56%	12.62%	8.61%	16.88%	1.23%	10.39%	14.94%	14.37%	7.34%	13.02%	21.04%

Frequently Asked Questions

Can I hold both IVGSX and AVERX in my portfolio?

IVGSX and AVERX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVGSX or AVERX?

IVGSX has higher volatility (5.61%) compared to AVERX (4.32%). In terms of maximum drawdown, IVGSX dropped -53.48% vs AVERX's -11.33%.

Which has better risk-adjusted returns?

IVGSX currently has the higher Sharpe Ratio (2.05 vs 0.93), 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.