LMOPX vs. AVEMX
Compare and contrast key facts about Miller Opportunity Trust (LMOPX) and Ave Maria Value Fund (AVEMX).
LMOPX is managed by Miller Value Funds. It was launched on Dec 30, 1999. AVEMX is managed by Ave Maria Mutual Funds. It was launched on May 1, 2001.
Performance
LMOPX vs. AVEMX - Performance Comparison
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LMOPX vs. AVEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMOPX Miller Opportunity Trust | -10.59% | 26.41% | 25.40% | 38.10% | -36.67% | -3.97% | 37.56% | 32.94% | -10.47% | 25.00% |
AVEMX Ave Maria Value Fund | 7.40% | 2.82% | 21.43% | 3.49% | 4.19% | 25.15% | 6.20% | 20.51% | -8.70% | 17.75% |
Returns By Period
In the year-to-date period, LMOPX achieves a -10.59% return, which is significantly lower than AVEMX's 7.40% return. Over the past 10 years, LMOPX has underperformed AVEMX with an annualized return of 10.57%, while AVEMX has yielded a comparatively higher 11.12% annualized return.
LMOPX
- 1D
- -0.96%
- 1M
- -10.02%
- YTD
- -10.59%
- 6M
- -5.14%
- 1Y
- 24.98%
- 3Y*
- 21.18%
- 5Y*
- 0.45%
- 10Y*
- 10.57%
AVEMX
- 1D
- -2.30%
- 1M
- -8.63%
- YTD
- 7.40%
- 6M
- 4.39%
- 1Y
- 5.29%
- 3Y*
- 12.84%
- 5Y*
- 9.04%
- 10Y*
- 11.12%
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LMOPX vs. AVEMX - Expense Ratio Comparison
LMOPX has a 1.95% expense ratio, which is higher than AVEMX's 0.97% expense ratio.
Return for Risk
LMOPX vs. AVEMX — Risk / Return Rank
LMOPX
AVEMX
LMOPX vs. AVEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Miller Opportunity Trust (LMOPX) and Ave Maria Value Fund (AVEMX). 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.
| LMOPX | AVEMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 0.28 | +0.56 |
Sortino ratioReturn per unit of downside risk | 1.33 | 0.53 | +0.80 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.07 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.31 | +0.85 |
Martin ratioReturn relative to average drawdown | 3.87 | 0.76 | +3.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LMOPX | AVEMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.28 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.49 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.60 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.39 | -0.15 |
Correlation
The correlation between LMOPX and AVEMX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LMOPX vs. AVEMX - Dividend Comparison
LMOPX has not paid dividends to shareholders, while AVEMX's dividend yield for the trailing twelve months is around 0.31%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMOPX Miller Opportunity Trust | 0.00% | 0.00% | 0.00% | 0.00% | 14.45% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AVEMX Ave Maria Value Fund | 0.31% | 0.34% | 8.81% | 4.42% | 1.15% | 8.07% | 3.57% | 5.27% | 10.76% | 7.84% | 0.00% | 0.12% |
Drawdowns
LMOPX vs. AVEMX - Drawdown Comparison
The maximum LMOPX drawdown since its inception was -81.54%, which is greater than AVEMX's maximum drawdown of -59.76%. Use the drawdown chart below to compare losses from any high point for LMOPX and AVEMX.
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Drawdown Indicators
| LMOPX | AVEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.54% | -59.76% | -21.78% |
Max Drawdown (1Y)Largest decline over 1 year | -17.06% | -13.42% | -3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -52.85% | -18.64% | -34.21% |
Max Drawdown (10Y)Largest decline over 10 years | -53.03% | -39.76% | -13.27% |
Current DrawdownCurrent decline from peak | -15.96% | -9.20% | -6.76% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -8.63% | -12.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 5.51% | -0.40% |
Volatility
LMOPX vs. AVEMX - Volatility Comparison
Miller Opportunity Trust (LMOPX) has a higher volatility of 7.20% compared to Ave Maria Value Fund (AVEMX) at 5.17%. This indicates that LMOPX's price experiences larger fluctuations and is considered to be riskier than AVEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMOPX | AVEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 5.17% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 13.14% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.14% | 20.99% | +7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.13% | 18.44% | +9.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 18.46% | +10.43% |