PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
WWWEX vs. AVEFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WWWEX vs. AVEFX

Last updated Jun 25, 2026

WWWEX (Kinetics The Global Fund) and AVEFX (Ave Maria Bond Fund) are both Diversified Portfolio funds. Over the past 10 years, WWWEX returned 15.10%/yr vs 3.79%/yr for AVEFX. At a 0.40 correlation, their price movements are largely independent. WWWEX charges 1.39%/yr vs 0.41%/yr for AVEFX.

Performance

WWWEX vs. AVEFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kinetics The Global Fund (WWWEX) and Ave Maria Bond Fund (AVEFX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, WWWEX achieves a 0.50% return, which is significantly lower than AVEFX's 0.71% return. Over the past 10 years, WWWEX has outperformed AVEFX with an annualized return of 15.10%, while AVEFX has yielded a comparatively lower 3.79% annualized return.

WWWEX

1D
-0.25%
1M
-8.56%
YTD
0.50%
6M
-0.33%
1Y
-3.07%
3Y*
27.97%
5Y*
12.78%
10Y*
15.10%

AVEFX

1D
0.00%
1M
-0.66%
YTD
0.71%
6M
0.60%
1Y
3.17%
3Y*
5.56%
5Y*
2.79%
10Y*
3.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WWWEX vs. AVEFX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WWWEX
Kinetics The Global Fund		0.50%2.89%72.15%11.83%-6.45%16.29%25.00%21.61%-23.57%48.93%
AVEFX
Ave Maria Bond Fund		0.71%5.63%5.71%5.16%-2.84%4.38%5.60%8.30%0.41%4.16%

Correlation

The correlation between WWWEX and AVEFX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since May 6, 2003

0.40

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Kinetics The Global Fund

Ave Maria Bond Fund

Often compared with WWWEX:
WWWEX vs. KSCOXWWWEX vs. GQRPXWWWEX vs. WWNPXWWWEX vs. FSELXWWWEX vs. VTWWWEX vs. PRPFXWWWEX vs. INFL
Often compared with AVEFX:
AVEFX vs. VFIFXAVEFX vs. BIMIXAVEFX vs. VOOAVEFX vs. VFFVXAVEFX vs. AOKAVEFX vs. SCHOAVEFX vs. VIGAX

Return for Risk

WWWEX vs. AVEFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WWWEX
WWWEX Risk / Return Rank: 22
Overall Rank
WWWEX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
WWWEX Sortino Ratio Rank: 22
Sortino Ratio Rank
WWWEX Omega Ratio Rank: 22
Omega Ratio Rank
WWWEX Calmar Ratio Rank: 22
Calmar Ratio Rank
WWWEX Martin Ratio Rank: 22
Martin Ratio Rank
AVEFX
AVEFX Risk / Return Rank: 1616
Overall Rank
AVEFX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
AVEFX Sortino Ratio Rank: 1919
Sortino Ratio Rank
AVEFX Omega Ratio Rank: 1717
Omega Ratio Rank
AVEFX Calmar Ratio Rank: 1414
Calmar Ratio Rank
AVEFX Martin Ratio Rank: 1212
Martin Ratio Rank
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.

WWWEX vs. AVEFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kinetics The Global Fund (WWWEX) 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.

WWWEXAVEFXDifference
Sharpe ratioReturn per unit of total volatility
-0.13
1.10

-1.22

Sortino ratioReturn per unit of downside risk
-0.06
1.64

-1.70

Omega ratioGain probability vs. loss probability

0.99

1.19

-0.20

Calmar ratioReturn relative to maximum drawdown

-0.16

1.16

-1.32

Martin ratioReturn relative to average drawdown

-0.37

2.98

-3.35

WWWEX vs. AVEFX - Sharpe Ratio Comparison

The current WWWEX Sharpe Ratio is -0.13, which is lower than the AVEFX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of WWWEX and AVEFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

WWWEX vs. AVEFX - Drawdown Comparison

The maximum WWWEX drawdown since its inception was -82.60%, which is greater than AVEFX's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for WWWEX and AVEFX.

Loading charts...

Drawdown Indicators

WWWEXAVEFXDifference

Max Drawdown

Largest peak-to-trough decline

-82.60%

-10.24%

-72.36%

Max Drawdown (1Y)

Largest decline over 1 year

-13.32%

-2.83%

-10.49%

Max Drawdown (3Y)

Largest decline over 3 years

-17.66%

-2.83%

-14.83%

Max Drawdown (5Y)

Largest decline over 5 years

-26.62%

-7.57%

-19.05%

Max Drawdown (10Y)

Largest decline over 10 years

-36.00%

-10.24%

-25.76%

Current Drawdown

Current decline from peak

-13.32%

-2.83%

-10.49%

Average Drawdown

Average peak-to-trough decline

-41.24%

-0.97%

-40.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.77%

1.10%

+4.67%

Volatility

WWWEX vs. AVEFX - Volatility Comparison

Kinetics The Global Fund (WWWEX) has a higher volatility of 4.36% compared to Ave Maria Bond Fund (AVEFX) at 0.88%. This indicates that WWWEX'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.

Loading charts...

Volatility by Period

WWWEXAVEFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

0.88%

+3.48%

Volatility (6M)

Calculated over the trailing 6-month period

13.54%

2.30%

+11.24%

Volatility (1Y)

Calculated over the trailing 1-year period

17.13%

2.99%

+14.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.55%

4.13%

+15.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.22%

4.02%

+15.20%

WWWEX vs. AVEFX - Expense Ratio Comparison

WWWEX has a 1.39% expense ratio, which is higher than AVEFX's 0.41% expense ratio.

Dividends

WWWEX vs. AVEFX - Dividend Comparison

WWWEX's dividend yield for the trailing twelve months is around 2.57%, less than AVEFX's 3.49% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
WWWEX
Kinetics The Global Fund		2.57%2.58%0.98%2.50%1.47%3.50%0.00%0.00%0.08%9.04%0.40%0.06%

Frequently Asked Questions

WWWEX and AVEFX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WWWEX has higher volatility (4.36%) compared to AVEFX (0.88%). In terms of maximum drawdown, WWWEX dropped -82.60% vs AVEFX's -10.24%.

AVEFX currently has the higher Sharpe Ratio (1.10 vs -0.13), 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.

Portfolio Optimizer

Find the right allocation for WWWEX 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