WBALX vs. AVEFX
WBALX (Weitz Balanced Fund) and AVEFX (Ave Maria Bond Fund) are both Diversified Portfolio funds. Over the past 10 years, WBALX returned 5.70%/yr vs 3.78%/yr for AVEFX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. WBALX charges 0.85%/yr vs 0.41%/yr for AVEFX.
Performance
WBALX vs. AVEFX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WBALX having a 1.73% return and AVEFX slightly lower at 1.67%. Over the past 10 years, WBALX has outperformed AVEFX with an annualized return of 5.70%, while AVEFX has yielded a comparatively lower 3.78% annualized return.
WBALX
- 1D
- -0.24%
- 1M
- 0.18%
- 6M
- 0.52%
- YTD
- 1.73%
- 1Y
- 4.56%
- 3Y*
- 4.68%
- 5Y*
- 2.67%
- 10Y*
- 5.70%
- ALL TIME*
- 5.52%
AVEFX
- 1D
- -0.65%
- 1M
- -0.16%
- 6M
- -0.16%
- YTD
- 1.67%
- 1Y
- 3.49%
- 3Y*
- 5.60%
- 5Y*
- 2.91%
- 10Y*
- 3.78%
- ALL TIME*
- 4.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AVEFX Ave Maria Bond Fund | $0.00 | $0.00 | $0.00 |
WBALX Weitz Balanced Fund | $0.00 | $0.00 | $0.00 |
WBALX vs. AVEFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WBALX Weitz Balanced Fund | 1.73% | 3.77% | 6.85% | 9.27% | -9.95% | 13.11% | 8.13% | 17.94% | -1.79% | 11.16% |
AVEFX Ave Maria Bond Fund | 1.67% | 5.63% | 5.71% | 5.16% | -2.84% | 4.38% | 5.60% | 8.30% | 0.41% | 4.16% |
Correlation
The correlation between WBALX and AVEFX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2003 | 0.65 |
The correlation between WBALX and AVEFX has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
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Return for Risk
WBALX vs. AVEFX — Risk / Return Rank
WBALX
AVEFX
WBALX vs. AVEFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Balanced Fund (WBALX) 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.
| WBALX | AVEFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.33 | -0.61 |
| Martin ratioReturn relative to average drawdown | 2.10 | 3.02 | -0.91 |
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Drawdowns
WBALX vs. AVEFX - Drawdown Comparison
The maximum WBALX drawdown since its inception was -43.04%, which is greater than AVEFX's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for WBALX and AVEFX.
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Drawdown Indicators
| WBALX | AVEFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.04% | -10.24% | -32.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.02% | -2.83% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -6.82% | -2.83% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -14.81% | -7.57% | -7.24% |
Max Drawdown (10Y)Largest decline over 10 years | -15.93% | -10.24% | -5.69% |
Current DrawdownCurrent decline from peak | -0.48% | -1.90% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -0.98% | -3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.24% | +0.82% |
Volatility
WBALX vs. AVEFX - Volatility Comparison
Weitz Balanced Fund (WBALX) has a higher volatility of 2.20% compared to Ave Maria Bond Fund (AVEFX) at 1.08%. This indicates that WBALX'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
| WBALX | AVEFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.08% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 2.40% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 3.05% | +3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.42% | 4.14% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.70% | 4.03% | +3.67% |
WBALX vs. AVEFX - Expense Ratio Comparison
WBALX has a 0.85% expense ratio, which is higher than AVEFX's 0.41% expense ratio.
Dividends
WBALX vs. AVEFX - Dividend Comparison
WBALX's dividend yield for the trailing twelve months is around 6.48%, more than AVEFX's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEFX Ave Maria Bond Fund | 3.38% | 3.51% | 2.94% | 2.47% | 3.59% | 2.32% | 2.43% | 3.31% | 3.21% | 2.04% | 2.94% | 1.89% |
WBALX Weitz Balanced Fund | 6.48% | 4.95% | 4.98% | 1.11% | 1.95% | 2.57% | 1.08% | 1.88% | 9.78% | 2.72% | 3.26% | 5.51% |
Frequently Asked Questions
WBALX and AVEFX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WBALX has higher volatility (2.20%) compared to AVEFX (1.08%). In terms of maximum drawdown, WBALX dropped -43.04% vs AVEFX's -10.24%.
AVEFX currently has the higher Sharpe Ratio (1.23 vs 0.68), 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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