KCCIX vs. AVEGX

Last updated Jun 24, 2026

KCCIX (Knights of Columbus Core Bond Fund) and AVEGX (Ave Maria Growth Fund) are both mutual funds - KCCIX is a Intermediate Core Bond fund managed by Catholic Investor, while AVEGX is a Large Cap Growth Equities fund managed by Ave Maria Mutual Funds. Over the past 10 years, KCCIX returned 1.65%/yr vs 14.51%/yr for AVEGX. At a 0.03 correlation, their price movements are largely independent. KCCIX charges 0.71%/yr vs 0.90%/yr for AVEGX.

Performance

KCCIX vs. AVEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Knights of Columbus Core Bond Fund (KCCIX) and Ave Maria Growth Fund (AVEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KCCIX achieves a 0.55% return, which is significantly lower than AVEGX's 19.13% return. Over the past 10 years, KCCIX has underperformed AVEGX with an annualized return of 1.65%, while AVEGX has yielded a comparatively higher 14.51% annualized return.

KCCIX

• 1D: -0.23%
• 1M: 0.69%
• YTD: 0.55%
• 6M: 0.65%
• 1Y: 4.33%
• 3Y*: 3.90%
• 5Y*: -0.29%
• 10Y*: 1.65%

AVEGX

• 1D: 0.33%
• 1M: 2.75%
• YTD: 19.13%
• 6M: 17.35%
• 1Y: 22.48%
• 3Y*: 18.93%
• 5Y*: 9.59%
• 10Y*: 14.51%

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

KCCIX vs. AVEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KCCIX Knights of Columbus Core Bond Fund	0.55%	6.94%	1.50%	4.99%	-14.30%	-0.58%	7.21%	9.78%	-0.72%	4.55%
AVEGX Ave Maria Growth Fund	19.13%	8.23%	14.85%	30.29%	-21.23%	17.53%	18.41%	37.08%	-1.82%	27.40%

Correlation

The correlation between KCCIX and AVEGX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.03

Over the past year, KCCIX and AVEGX have become more correlated (0.34) than their long-term average of 0.03, meaning their price movements have been converging.

Return for Risk

KCCIX vs. AVEGX — Risk / Return Rank

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

KCCIX

KCCIX Risk / Return Rank: 24
KCCIX Sharpe Ratio Rank: 23
KCCIX Sortino Ratio Rank: 24
KCCIX Omega Ratio Rank: 22
KCCIX Calmar Ratio Rank: 26
KCCIX Martin Ratio Rank: 22

AVEGX

AVEGX Risk / Return Rank: 32
AVEGX Sharpe Ratio Rank: 31
AVEGX Sortino Ratio Rank: 31
AVEGX Omega Ratio Rank: 30
AVEGX Calmar Ratio Rank: 33
AVEGX Martin Ratio Rank: 37

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.

KCCIX vs. AVEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Knights of Columbus Core Bond Fund (KCCIX) and Ave Maria Growth Fund (AVEGX). 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.

	KCCIX	AVEGX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.49	-0.22
Sortino ratio: Return per unit of downside risk	1.88	2.14	-0.26
Omega ratio: Gain probability vs. loss probability	1.23	1.27	-0.04
Calmar ratio: Return relative to maximum drawdown	1.77	2.06	-0.29
Martin ratio: Return relative to average drawdown	5.04	7.68	-2.63

KCCIX vs. AVEGX - Sharpe Ratio Comparison

The current KCCIX Sharpe Ratio is 1.27, which is comparable to the AVEGX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of KCCIX and AVEGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KCCIX vs. AVEGX - Drawdown Comparison

The maximum KCCIX drawdown since its inception was -18.52%, smaller than the maximum AVEGX drawdown of -48.28%. Use the drawdown chart below to compare losses from any high point for KCCIX and AVEGX.

Drawdown Indicators

	KCCIX	AVEGX	Difference
Max Drawdown Largest peak-to-trough decline	-18.52%	-48.28%	+29.76%
Max Drawdown (1Y) Largest decline over 1 year	-2.59%	-11.55%	+8.96%
Max Drawdown (3Y) Largest decline over 3 years	-5.84%	-17.17%	+11.33%
Max Drawdown (5Y) Largest decline over 5 years	-18.52%	-31.70%	+13.18%
Max Drawdown (10Y) Largest decline over 10 years	-18.52%	-36.95%	+18.43%
Current Drawdown Current decline from peak	-3.01%	0.00%	-3.01%
Average Drawdown Average peak-to-trough decline	-4.79%	-6.00%	+1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	3.10%	-2.19%

Volatility

KCCIX vs. AVEGX - Volatility Comparison

The current volatility for Knights of Columbus Core Bond Fund (KCCIX) is 1.02%, while Ave Maria Growth Fund (AVEGX) has a volatility of 6.03%. This indicates that KCCIX experiences smaller price fluctuations and is considered to be less risky than AVEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KCCIX	AVEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	6.03%	-5.01%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	13.39%	-10.63%
Volatility (1Y) Calculated over the trailing 1-year period	3.63%	16.06%	-12.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.56%	18.61%	-13.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.70%	19.03%	-14.33%

KCCIX vs. AVEGX - Expense Ratio Comparison

KCCIX has a 0.71% expense ratio, which is lower than AVEGX's 0.90% expense ratio.

Dividends

KCCIX vs. AVEGX - Dividend Comparison

KCCIX's dividend yield for the trailing twelve months is around 4.03%, less than AVEGX's 4.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEGX Ave Maria Growth Fund	4.79%	5.71%	8.42%	2.59%	0.30%	12.04%	5.26%	1.70%	7.22%	9.37%	6.08%	9.89%
KCCIX Knights of Columbus Core Bond Fund	4.03%	3.95%	3.73%	3.23%	2.80%	2.19%	3.19%	2.97%	2.96%	2.63%	2.41%	0.00%

Frequently Asked Questions

Can I hold both KCCIX and AVEGX in my portfolio?

KCCIX and AVEGX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KCCIX or AVEGX?

AVEGX has higher volatility (6.03%) compared to KCCIX (1.02%). In terms of maximum drawdown, KCCIX dropped -18.52% vs AVEGX's -48.28%.

Which has better risk-adjusted returns?

AVEGX currently has the higher Sharpe Ratio (1.49 vs 1.27), 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.