SMDIX vs. AVEMX

Last updated Jun 4, 2026

SMDIX (Hartford Schroders US MidCap Opportunities Fund) and AVEMX (Ave Maria Value Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, SMDIX returned 10.81%/yr vs 10.74%/yr for AVEMX. Their correlation of 0.88 suggests significant overlap in exposure. SMDIX charges 0.89%/yr vs 0.97%/yr for AVEMX.

Performance

SMDIX vs. AVEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Schroders US MidCap Opportunities Fund (SMDIX) and Ave Maria Value Fund (AVEMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMDIX achieves a 15.46% return, which is significantly higher than AVEMX's 9.67% return. Both investments have delivered pretty close results over the past 10 years, with SMDIX having a 10.81% annualized return and AVEMX not far behind at 10.74%.

SMDIX

• 1D: 1.15%
• 1M: 3.44%
• YTD: 15.46%
• 6M: 16.00%
• 1Y: 27.47%
• 3Y*: 15.80%
• 5Y*: 9.02%
• 10Y*: 10.81%

AVEMX

• 1D: 0.71%
• 1M: 0.13%
• YTD: 9.67%
• 6M: 6.37%
• 1Y: 6.83%
• 3Y*: 14.42%
• 5Y*: 8.59%
• 10Y*: 10.74%

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

SMDIX vs. AVEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMDIX Hartford Schroders US MidCap Opportunities Fund	15.46%	7.45%	15.41%	12.69%	-12.44%	26.06%	9.17%	28.05%	-11.03%	15.58%
AVEMX Ave Maria Value Fund	9.67%	2.82%	21.43%	3.49%	4.19%	25.15%	6.20%	20.51%	-8.70%	17.75%

Correlation

The correlation between SMDIX and AVEMX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Apr 4, 2006	0.88

Over the past year, the correlation between SMDIX and AVEMX has dropped to 0.68 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

SMDIX vs. AVEMX — Risk / Return Rank

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

SMDIX

SMDIX Risk / Return Rank: 61
SMDIX Sharpe Ratio Rank: 50
SMDIX Sortino Ratio Rank: 47
SMDIX Omega Ratio Rank: 45
SMDIX Calmar Ratio Rank: 82
SMDIX Martin Ratio Rank: 79

AVEMX

AVEMX Risk / Return Rank: 6
AVEMX Sharpe Ratio Rank: 6
AVEMX Sortino Ratio Rank: 6
AVEMX Omega Ratio Rank: 5
AVEMX Calmar Ratio Rank: 8
AVEMX Martin Ratio Rank: 6

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.

SMDIX vs. AVEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders US MidCap Opportunities Fund (SMDIX) 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.

	SMDIX	AVEMX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	0.45	+1.64
Sortino ratio: Return per unit of downside risk	2.91	0.72	+2.19
Omega ratio: Gain probability vs. loss probability	1.36	1.09	+0.28
Calmar ratio: Return relative to maximum drawdown	3.85	0.80	+3.04
Martin ratio: Return relative to average drawdown	14.90	1.77	+13.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMDIX vs. AVEMX - Sharpe Ratio Comparison

The current SMDIX Sharpe Ratio is 2.09, which is higher than the AVEMX Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of SMDIX and AVEMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SMDIX	AVEMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	0.45	+1.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.47	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.58	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.40	+0.13

Drawdowns

SMDIX vs. AVEMX - Drawdown Comparison

The maximum SMDIX drawdown since its inception was -48.26%, smaller than the maximum AVEMX drawdown of -59.76%. Use the drawdown chart below to compare losses from any high point for SMDIX and AVEMX.

Drawdown Indicators

	SMDIX	AVEMX	Difference
Max Drawdown Largest peak-to-trough decline	-48.26%	-59.76%	+11.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.40%	-9.20%	+1.80%
Max Drawdown (3Y) Largest decline over 3 years	-20.25%	-18.64%	-1.61%
Max Drawdown (5Y) Largest decline over 5 years	-20.87%	-18.64%	-2.23%
Max Drawdown (10Y) Largest decline over 10 years	-40.70%	-39.76%	-0.94%
Current Drawdown Current decline from peak	0.00%	-7.28%	+7.28%
Average Drawdown Average peak-to-trough decline	-6.46%	-8.62%	+2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	4.18%	-2.27%

Volatility

SMDIX vs. AVEMX - Volatility Comparison

The current volatility for Hartford Schroders US MidCap Opportunities Fund (SMDIX) is 3.20%, while Ave Maria Value Fund (AVEMX) has a volatility of 3.52%. This indicates that SMDIX experiences smaller price fluctuations and is considered to be less risky than AVEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMDIX	AVEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	3.52%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	9.78%	12.33%	-2.55%
Volatility (1Y) Calculated over the trailing 1-year period	13.63%	16.40%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	18.45%	-2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	18.49%	-0.52%

SMDIX vs. AVEMX - Expense Ratio Comparison

SMDIX has a 0.89% expense ratio, which is lower than AVEMX's 0.97% expense ratio.

Dividends

SMDIX vs. AVEMX - Dividend Comparison

SMDIX's dividend yield for the trailing twelve months is around 8.54%, more than AVEMX's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SMDIX Hartford Schroders US MidCap Opportunities Fund	8.54%	9.86%	8.53%	1.69%	3.28%	15.04%	0.32%	0.91%	2.45%	1.51%	1.72%	11.55%

Frequently Asked Questions

Can I hold both SMDIX and AVEMX in my portfolio?

SMDIX and AVEMX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMDIX or AVEMX?

AVEMX has higher volatility (3.52%) compared to SMDIX (3.20%). In terms of maximum drawdown, SMDIX dropped -48.26% vs AVEMX's -59.76%.

Which has better risk-adjusted returns?

SMDIX currently has the higher Sharpe Ratio (2.09 vs 0.45), 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.