- ISIN
- US9695577505
- Issuer
- Davenport
- Inception Date
- Dec 30, 2015
- Category
- Diversified Portfolio
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
DBALX Performance Chart
Davenport Balanced Income Fund (DBALX) is up 3.3% since the beginning of the year. DBALX is currently trading at $14 per share. Investors who bought $1,000 worth of DBALX shares 5 years ago would now be looking at an investment worth $1,253.
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Returns By Period
Davenport Balanced Income Fund (DBALX) has returned 3.33% so far this year and 9.35% over the past 12 months. Over the last ten years, DBALX has returned 5.78% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Davenport Balanced Income Fund
- 1D
- -0.15%
- 1M
- -0.50%
- YTD
- 3.33%
- 6M
- 3.38%
- 1Y
- 9.35%
- 3Y*
- 8.54%
- 5Y*
- 4.61%
- 10Y*
- 5.78%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DBALX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, DBALX's average daily return is +0.03%, while the average monthly return is +0.53%. At this rate, an investment would double in approximately 10.9 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +7.9%, while the worst month was Mar 2020 at -13.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, DBALX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +5.8%, while the worst single day was Mar 16, 2020 at -7.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.37% | 2.38% | -3.18% | 2.35% | -0.57% | 0.07% | 3.33% | ||||||
| 2025 | 1.93% | 2.04% | -1.08% | -1.21% | 1.53% | 1.76% | 0.37% | 2.31% | 0.47% | -0.66% | 1.39% | 0.68% | 9.88% |
| 2024 | 0.16% | 0.40% | 3.49% | -2.79% | 2.71% | -0.39% | 3.69% | 1.82% | 1.80% | -1.40% | 2.98% | -4.41% | 7.98% |
| 2023 | 4.40% | -2.59% | 0.00% | 1.34% | -2.64% | 3.11% | 2.31% | -1.53% | -3.11% | -2.47% | 5.50% | 3.76% | 7.81% |
| 2022 | -2.31% | -0.44% | 1.32% | -4.41% | 1.15% | -5.40% | 3.96% | -2.70% | -6.48% | 4.38% | 3.02% | -2.94% | -11.01% |
| 2021 | -1.14% | 2.22% | 3.57% | 3.58% | 1.50% | -1.17% | 0.45% | 1.42% | -2.01% | 3.47% | -2.26% | 4.00% | 14.19% |
Benchmark Metrics
Davenport Balanced Income Fund has an annualized alpha of -0.52%, beta of 0.49, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 65.11% of S&P 500 Index downside but only 49.02% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.49 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.52%
- Beta
- 0.49
- R²
- 0.80
- Upside Capture
- 49.02%
- Downside Capture
- 65.11%
Expense Ratio
DBALX has a high expense ratio of 0.93%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DBALX ranks 28 for risk / return — below 28% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Davenport Balanced Income Fund (DBALX) and compare them to S&P 500 Index.
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.
| DBALX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.78 | -0.96 |
| Martin ratioReturn relative to average drawdown | 6.27 | 12.44 | -6.17 |
Dividends
Dividend History
Davenport Balanced Income Fund provided a 5.38% dividend yield over the last twelve months, with an annual payout of $0.74 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.71 | $0.48 | $0.27 | $0.50 | $0.22 | $0.25 | $0.33 | $0.21 | $0.28 | $0.11 |
Dividend yield | 5.38% | 5.28% | 3.73% | 2.19% | 4.24% | 1.59% | 2.00% | 2.73% | 2.03% | 2.37% | 1.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Davenport Balanced Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.17 | $0.25 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.40 | $0.71 |
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.26 | $0.48 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.50 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Davenport Balanced Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Davenport Balanced Income Fund was 27.89%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current Davenport Balanced Income Fund drawdown is 1.75%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -27.89%Mar 2020 | 2mo 2d | 7mo 28d | 10moJan 2020 - Nov 2020 |
Bear market2022 | -15.41%Oct 2022 | 9mo 10d | 1y 9mo | 2y 6moJan 2022 - Jul 2024 |
Rate-hike selloffLate 2018 | -13.03%Dec 2018 | 10mo 29d | 6mo 11d | 1y 5moJan 2018 - Jul 2019 |
2025 selloff2025 | -7.58%Apr 2025 | 4mo 7d | 2mo 5d | 6mo 12dDec 2024 - Jun 2025 |
2026 pullback2026 | -5.15%Mar 2026 | 1mo 1d | — | 4mo 6dFeb 2026 - now |
Drawdown Indicators
| DBALX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.89% | -56.78% | +28.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.15% | -9.10% | +3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -8.08% | -18.90% | +10.82% |
Max Drawdown (5Y)Largest decline over 5 years | -15.41% | -25.43% | +10.02% |
Max Drawdown (10Y)Largest decline over 10 years | -27.89% | -33.92% | +6.03% |
Current DrawdownCurrent decline from peak | -1.75% | -1.80% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -10.71% | +7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 2.03% | -0.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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