Correlation
The correlation between DAVPX and SCHB is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
DAVPX vs. SCHB
Compare and contrast key facts about Davenport Core Fund (DAVPX) and Schwab U.S. Broad Market ETF (SCHB).
DAVPX is managed by Davenport. It was launched on Jan 15, 1998. SCHB is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Broad Stock Market Total Return Index. It was launched on Nov 3, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DAVPX or SCHB.
Performance
DAVPX vs. SCHB - Performance Comparison
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Key characteristics
DAVPX:
0.60
SCHB:
0.57
DAVPX:
0.92
SCHB:
0.83
DAVPX:
1.13
SCHB:
1.12
DAVPX:
0.61
SCHB:
0.51
DAVPX:
2.23
SCHB:
1.89
DAVPX:
4.73%
SCHB:
5.19%
DAVPX:
18.83%
SCHB:
19.72%
DAVPX:
-51.81%
SCHB:
-35.27%
DAVPX:
-4.89%
SCHB:
-5.70%
Returns By Period
In the year-to-date period, DAVPX achieves a 0.90% return, which is significantly higher than SCHB's -1.34% return. Over the past 10 years, DAVPX has underperformed SCHB with an annualized return of 10.62%, while SCHB has yielded a comparatively higher 11.97% annualized return.
DAVPX
0.90%
5.54%
-2.56%
10.83%
14.94%
14.16%
10.62%
SCHB
-1.34%
5.28%
-3.62%
10.38%
14.90%
15.57%
11.97%
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DAVPX vs. SCHB - Expense Ratio Comparison
DAVPX has a 0.86% expense ratio, which is higher than SCHB's 0.03% expense ratio.
Risk-Adjusted Performance
DAVPX vs. SCHB — Risk-Adjusted Performance Rank
DAVPX
SCHB
DAVPX vs. SCHB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Davenport Core Fund (DAVPX) and Schwab U.S. Broad Market ETF (SCHB). 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.
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Dividends
DAVPX vs. SCHB - Dividend Comparison
DAVPX's dividend yield for the trailing twelve months is around 5.45%, more than SCHB's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAVPX Davenport Core Fund | 5.45% | 5.49% | 6.31% | 4.71% | 8.10% | 1.16% | 2.24% | 5.01% | 2.48% | 3.38% | 4.17% | 8.06% |
SCHB Schwab U.S. Broad Market ETF | 1.27% | 1.24% | 1.40% | 1.61% | 1.21% | 1.63% | 1.80% | 2.13% | 1.65% | 1.86% | 2.00% | 1.72% |
Drawdowns
DAVPX vs. SCHB - Drawdown Comparison
The maximum DAVPX drawdown since its inception was -51.81%, which is greater than SCHB's maximum drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for DAVPX and SCHB.
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Volatility
DAVPX vs. SCHB - Volatility Comparison
Davenport Core Fund (DAVPX) and Schwab U.S. Broad Market ETF (SCHB) have volatilities of 4.37% and 4.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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