PYEQX vs. AVERX

Last updated Aug 5, 2026

PYEQX (Pioneer Equity Income Y) and AVERX (Ave Maria Value Focused Fund) are both mutual funds - PYEQX is a Dividend fund managed by Amundi, while AVERX is a Large Cap Value Equities fund tracking the S&P 500® Index. Over the past year, PYEQX returned 23.27% vs 25.21% for AVERX. Their 0.50 correlation means their historical movements had little consistent relationship. PYEQX charges 0.81%/yr vs 1.26%/yr for AVERX.

Performance

PYEQX vs. AVERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Equity Income Y (PYEQX) 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, PYEQX achieves a 15.20% return, which is significantly lower than AVERX's 21.18% return.

PYEQX

• 1D: 0.77%
• 1M: 3.44%
• 6M: 8.68%
• YTD: 15.20%
• 1Y: 23.27%
• 3Y*: 13.73%
• 5Y*: 8.90%
• 10Y*: 9.76%
• ALL TIME*: 7.64%

AVERX

• 1D: 0.22%
• 1M: 3.73%
• 6M: 10.89%
• YTD: 21.18%
• 1Y: 25.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVERX Ave Maria Value Focused Fund	$0.00	$0.00	$0.00
PYEQX Pioneer Equity Income Y	$0.00	$0.00	$0.00

PYEQX vs. AVERX - Yearly Performance Comparison

	2026 (YTD)	2025
PYEQX Pioneer Equity Income Y	15.20%	17.07%
AVERX Ave Maria Value Focused Fund	21.18%	0.37%

Correlation

The correlation between PYEQX and AVERX is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025	0.50

Return for Risk

PYEQX vs. AVERX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PYEQX

PYEQX Risk / Return Rank: 80
PYEQX Sharpe Ratio Rank: 85
PYEQX Sortino Ratio Rank: 83
PYEQX Omega Ratio Rank: 77
PYEQX Calmar Ratio Rank: 82
PYEQX Martin Ratio Rank: 71

AVERX

AVERX Risk / Return Rank: 40
AVERX Sharpe Ratio Rank: 43
AVERX Sortino Ratio Rank: 40
AVERX Omega Ratio Rank: 38
AVERX Calmar Ratio Rank: 50
AVERX Martin Ratio Rank: 32

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PYEQX vs. AVERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Equity Income Y (PYEQX) 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.

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.

	PYEQX	AVERX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.41	+0.76
Sortino ratio: Return per unit of downside risk	3.07	1.95	+1.12
Omega ratio: Gain probability vs. loss probability	1.38	1.24	+0.14
Calmar ratio: Return relative to maximum drawdown	3.09	2.07	+1.03
Martin ratio: Return relative to average drawdown	10.18	5.02	+5.16

PYEQX vs. AVERX - Sharpe Ratio Comparison

The current PYEQX Sharpe Ratio is 2.17, which is higher than the AVERX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of PYEQX 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.

Drawdowns

PYEQX vs. AVERX - Drawdown Comparison

The maximum PYEQX drawdown since its inception was -53.72%, which is greater than AVERX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PYEQX and AVERX.

Drawdown Indicators

	PYEQX	AVERX	Difference
Max Drawdown Largest peak-to-trough decline	-53.72%	-13.39%	-40.33%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-13.39%	+5.42%
Max Drawdown (3Y) Largest decline over 3 years	-16.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.88%	—	—
Current Drawdown Current decline from peak	0.00%	-5.73%	+5.73%
Average Drawdown Average peak-to-trough decline	-7.62%	-6.13%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	5.50%	-3.08%

Volatility

PYEQX vs. AVERX - Volatility Comparison

The current volatility for Pioneer Equity Income Y (PYEQX) is 3.32%, while Ave Maria Value Focused Fund (AVERX) has a volatility of 3.70%. This indicates that PYEQX experiences smaller price fluctuations and is considered to be less risky than AVERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PYEQX	AVERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	3.70%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	8.36%	14.30%	-5.94%
Volatility (1Y) Calculated over the trailing 1-year period	11.37%	19.69%	-8.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	18.75%	-3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	18.75%	-1.58%

PYEQX vs. AVERX - Expense Ratio Comparison

PYEQX has a 0.81% expense ratio, which is lower than AVERX's 1.26% expense ratio.

Dividends

PYEQX vs. AVERX - Dividend Comparison

PYEQX's dividend yield for the trailing twelve months is around 7.82%, more than AVERX's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVERX Ave Maria Value Focused Fund	0.34%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PYEQX Pioneer Equity Income Y	7.82%	8.95%	39.97%	17.70%	12.73%	9.44%	1.77%	4.15%	7.99%	5.46%	13.20%	10.34%

Frequently Asked Questions

Can I hold both PYEQX and AVERX in my portfolio?

PYEQX 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, PYEQX or AVERX?

AVERX has higher volatility (3.70%) compared to PYEQX (3.32%). In terms of maximum drawdown, PYEQX dropped -53.72% vs AVERX's -13.39%.

Which has better risk-adjusted returns?

PYEQX currently has the higher Sharpe Ratio (2.17 vs 1.41), 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.