NDCAX vs. AVEFX
NDCAX (Nationwide Investor Destinations Conservative Fund) and AVEFX (Ave Maria Bond Fund) are both Diversified Portfolio funds. Over the past 10 years, NDCAX returned 3.49%/yr vs 3.78%/yr for AVEFX. A 0.75 correlation means they provide meaningful diversification when combined. NDCAX charges 0.51%/yr vs 0.41%/yr for AVEFX.
Performance
NDCAX vs. AVEFX - Performance Comparison
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Returns By Period
In the year-to-date period, NDCAX achieves a 3.29% return, which is significantly higher than AVEFX's 0.79% return. Over the past 10 years, NDCAX has underperformed AVEFX with an annualized return of 3.49%, while AVEFX has yielded a comparatively higher 3.78% annualized return.
NDCAX
- 1D
- 0.49%
- 1M
- 1.07%
- YTD
- 3.29%
- 6M
- 3.40%
- 1Y
- 9.19%
- 3Y*
- 6.64%
- 5Y*
- 2.48%
- 10Y*
- 3.49%
AVEFX
- 1D
- -0.16%
- 1M
- -0.58%
- YTD
- 0.79%
- 6M
- 0.77%
- 1Y
- 3.51%
- 3Y*
- 5.44%
- 5Y*
- 2.92%
- 10Y*
- 3.78%
NDCAX vs. AVEFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDCAX Nationwide Investor Destinations Conservative Fund | 3.29% | 8.40% | 4.15% | 8.61% | -12.52% | 3.71% | 8.22% | 8.79% | -2.16% | 5.05% |
AVEFX Ave Maria Bond Fund | 0.79% | 5.63% | 5.71% | 5.16% | -2.84% | 4.38% | 5.60% | 8.30% | 0.41% | 4.16% |
Correlation
The correlation between NDCAX and AVEFX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 6, 2003 | 0.75 |
The correlation between NDCAX and AVEFX shifts across timeframes, from 0.65 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NDCAX vs. AVEFX — Risk / Return Rank
NDCAX
AVEFX
NDCAX vs. AVEFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Investor Destinations Conservative Fund (NDCAX) 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.
| NDCAX | AVEFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.22 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.34 | +1.02 |
| Martin ratioReturn relative to average drawdown | 10.51 | 3.45 | +7.05 |
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Drawdowns
NDCAX vs. AVEFX - Drawdown Comparison
The maximum NDCAX drawdown since its inception was -17.56%, which is greater than AVEFX's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for NDCAX and AVEFX.
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Drawdown Indicators
| NDCAX | AVEFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.56% | -10.24% | -7.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -2.75% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.28% | -2.82% | -2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -17.56% | -7.57% | -9.99% |
Max Drawdown (10Y)Largest decline over 10 years | -17.56% | -10.24% | -7.32% |
Current DrawdownCurrent decline from peak | -0.10% | -2.75% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -0.97% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.07% | -0.19% |
Volatility
NDCAX vs. AVEFX - Volatility Comparison
Nationwide Investor Destinations Conservative Fund (NDCAX) has a higher volatility of 1.79% compared to Ave Maria Bond Fund (AVEFX) at 0.95%. This indicates that NDCAX'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
| NDCAX | AVEFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 0.95% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 3.91% | 2.30% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 2.99% | +1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.72% | 4.14% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 4.02% | +0.96% |
NDCAX vs. AVEFX - Expense Ratio Comparison
NDCAX has a 0.51% expense ratio, which is higher than AVEFX's 0.41% expense ratio.
Dividends
NDCAX vs. AVEFX - Dividend Comparison
NDCAX's dividend yield for the trailing twelve months is around 3.06%, less than AVEFX's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEFX Ave Maria Bond Fund | 3.49% | 3.51% | 2.94% | 2.47% | 3.59% | 2.32% | 2.43% | 3.31% | 3.21% | 2.04% | 2.94% | 1.89% |
NDCAX Nationwide Investor Destinations Conservative Fund | 3.06% | 3.60% | 5.42% | 3.42% | 2.06% | 3.02% | 2.98% | 1.63% | 5.35% | 2.27% | 2.91% | 2.40% |
Frequently Asked Questions
NDCAX and AVEFX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDCAX has higher volatility (1.79%) compared to AVEFX (0.95%). In terms of maximum drawdown, NDCAX dropped -17.56% vs AVEFX's -10.24%.
NDCAX currently has the higher Sharpe Ratio (2.05 vs 1.24), 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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