SCHO vs. AVEFX
SCHO (Schwab Short-Term U.S. Treasury ETF) and AVEFX (Ave Maria Bond Fund) are both funds - SCHO is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while AVEFX is a Diversified Portfolio fund managed by Ave Maria Mutual Funds. Over the past 10 years, SCHO returned 1.70%/yr vs 3.77%/yr for AVEFX. At a 0.25 correlation, their price movements are largely independent. SCHO charges 0.03%/yr vs 0.41%/yr for AVEFX.
Performance
SCHO vs. AVEFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SCHO achieves a 0.58% return, which is significantly lower than AVEFX's 1.76% return. Over the past 10 years, SCHO has underperformed AVEFX with an annualized return of 1.70%, while AVEFX has yielded a comparatively higher 3.77% annualized return.
SCHO
- 1D
- -0.08%
- 1M
- 0.03%
- 6M
- 0.58%
- YTD
- 0.58%
- 1Y
- 3.09%
- 3Y*
- 4.20%
- 5Y*
- 1.86%
- 10Y*
- 1.70%
AVEFX
- 1D
- 0.08%
- 1M
- 0.14%
- 6M
- 1.18%
- YTD
- 1.76%
- 1Y
- 3.77%
- 3Y*
- 5.75%
- 5Y*
- 2.92%
- 10Y*
- 3.77%
SCHO vs. AVEFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHO Schwab Short-Term U.S. Treasury ETF | 0.58% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
AVEFX Ave Maria Bond Fund | 1.76% | 5.63% | 5.71% | 5.16% | -2.84% | 4.38% | 5.60% | 8.30% | 0.41% | 4.16% |
Correlation
The correlation between SCHO and AVEFX is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | 0.25 |
Over the past year, SCHO and AVEFX have become more correlated (0.57) than their long-term average of 0.25, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SCHO vs. AVEFX — Risk / Return Rank
SCHO
AVEFX
SCHO vs. AVEFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term U.S. Treasury ETF (SCHO) 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.
| SCHO | AVEFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.21 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 1.28 | +2.33 |
| Martin ratioReturn relative to average drawdown | 15.22 | 3.04 | +12.18 |
Loading charts...
Drawdowns
SCHO vs. AVEFX - Drawdown Comparison
The maximum SCHO drawdown since its inception was -5.69%, smaller than the maximum AVEFX drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for SCHO and AVEFX.
Loading charts...
Drawdown Indicators
| SCHO | AVEFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.69% | -10.24% | +4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -2.83% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -2.83% | +1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -5.69% | -7.57% | +1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -5.69% | -10.24% | +4.55% |
Current DrawdownCurrent decline from peak | -0.17% | -1.82% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -0.98% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 1.19% | -0.99% |
Volatility
SCHO vs. AVEFX - Volatility Comparison
The current volatility for Schwab Short-Term U.S. Treasury ETF (SCHO) is 0.49%, while Ave Maria Bond Fund (AVEFX) has a volatility of 0.91%. This indicates that SCHO experiences smaller price fluctuations and is considered to be less risky than AVEFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SCHO | AVEFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.91% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 2.32% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.41% | 2.99% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 4.13% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.56% | 4.02% | -2.46% |
SCHO vs. AVEFX - Expense Ratio Comparison
SCHO has a 0.03% expense ratio, which is lower than AVEFX's 0.41% expense ratio.
Dividends
SCHO vs. AVEFX - Dividend Comparison
SCHO's dividend yield for the trailing twelve months is around 3.91%, more than AVEFX's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEFX Ave Maria Bond Fund | 3.64% | 3.51% | 2.94% | 2.47% | 3.59% | 2.32% | 2.43% | 3.31% | 3.21% | 2.04% | 2.94% | 1.89% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.91% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
Frequently Asked Questions
SCHO and AVEFX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVEFX has higher volatility (0.91%) compared to SCHO (0.49%). In terms of maximum drawdown, SCHO dropped -5.69% vs AVEFX's -10.24%.
SCHO currently has the higher Sharpe Ratio (2.20 vs 1.21), 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.
Find the right allocation for SCHO and AVEFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer