DAVPX vs. SCHB

Last updated Jun 3, 2026

DAVPX (Davenport Core Fund) and SCHB (Schwab U.S. Broad Market ETF) are both funds - DAVPX is a Large Cap Growth Equities fund managed by Davenport, while SCHB is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index. Over the past 10 years, DAVPX returned 11.93%/yr vs 15.12%/yr for SCHB. With a 0.96 correlation, they move nearly in lockstep. DAVPX charges 0.86%/yr vs 0.03%/yr for SCHB.

Performance

DAVPX vs. SCHB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davenport Core Fund (DAVPX) and Schwab U.S. Broad Market ETF (SCHB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DAVPX achieves a 6.80% return, which is significantly lower than SCHB's 12.09% return. Over the past 10 years, DAVPX has underperformed SCHB with an annualized return of 11.93%, while SCHB has yielded a comparatively higher 15.12% annualized return.

DAVPX

• 1D: 0.32%
• 1M: 3.84%
• YTD: 6.80%
• 6M: 6.39%
• 1Y: 14.31%
• 3Y*: 17.67%
• 5Y*: 10.06%
• 10Y*: 11.93%

SCHB

• 1D: 0.24%
• 1M: 5.39%
• YTD: 12.09%
• 6M: 12.44%
• 1Y: 29.95%
• 3Y*: 22.40%
• 5Y*: 13.12%
• 10Y*: 15.12%

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

DAVPX vs. SCHB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DAVPX Davenport Core Fund	6.80%	10.73%	17.50%	28.98%	-20.01%	22.90%	13.78%	32.89%	-9.23%	19.86%
SCHB Schwab U.S. Broad Market ETF	12.09%	16.94%	23.93%	26.16%	-19.46%	25.84%	20.76%	30.79%	-5.43%	21.20%

Correlation

The correlation between DAVPX and SCHB is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 4, 2009	0.96

The correlation between DAVPX and SCHB has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

DAVPX vs. SCHB — Risk / Return Rank

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

DAVPX

DAVPX Risk / Return Rank: 19
DAVPX Sharpe Ratio Rank: 20
DAVPX Sortino Ratio Rank: 19
DAVPX Omega Ratio Rank: 18
DAVPX Calmar Ratio Rank: 16
DAVPX Martin Ratio Rank: 20

SCHB

SCHB Risk / Return Rank: 74
SCHB Sharpe Ratio Rank: 76
SCHB Sortino Ratio Rank: 74
SCHB Omega Ratio Rank: 75
SCHB Calmar Ratio Rank: 68
SCHB Martin Ratio Rank: 79

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.

DAVPX vs. SCHB - Risk-Adjusted Trends 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.

	DAVPX	SCHB	Difference
Sharpe ratio Return per unit of total volatility	1.30	2.49	-1.19
Sortino ratio Return per unit of downside risk	1.84	3.38	-1.54
Omega ratio Gain probability vs. loss probability	1.23	1.45	-0.22
Calmar ratio Return relative to maximum drawdown	1.46	3.43	-1.97
Martin ratio Return relative to average drawdown	5.59	15.78	-10.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DAVPX vs. SCHB - Sharpe Ratio Comparison

The current DAVPX Sharpe Ratio is 1.30, which is lower than the SCHB Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of DAVPX and SCHB, 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

	DAVPX	SCHB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	2.49	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.76	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.83	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.83	-0.40

Drawdowns

DAVPX vs. SCHB - Drawdown Comparison

The maximum DAVPX drawdown since its inception was -51.80%, 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.

Drawdown Indicators

	DAVPX	SCHB	Difference
Max Drawdown Largest peak-to-trough decline	-51.80%	-35.27%	-16.53%
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	-8.91%	-1.56%
Max Drawdown (3Y) Largest decline over 3 years	-17.25%	-19.34%	+2.09%
Max Drawdown (5Y) Largest decline over 5 years	-26.40%	-25.41%	-0.99%
Max Drawdown (10Y) Largest decline over 10 years	-34.99%	-35.27%	+0.28%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.34%	-4.12%	-4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	1.94%	+0.80%

Volatility

DAVPX vs. SCHB - Volatility Comparison

The current volatility for Davenport Core Fund (DAVPX) is 2.41%, while Schwab U.S. Broad Market ETF (SCHB) has a volatility of 2.92%. This indicates that DAVPX experiences smaller price fluctuations and is considered to be less risky than SCHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAVPX	SCHB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	2.92%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	8.49%	9.12%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	12.10%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	17.24%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.82%	18.32%	-0.50%

DAVPX vs. SCHB - Expense Ratio Comparison

DAVPX has a 0.86% expense ratio, which is higher than SCHB's 0.03% expense ratio.

Dividends

DAVPX vs. SCHB - Dividend Comparison

DAVPX's dividend yield for the trailing twelve months is around 4.13%, more than SCHB's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAVPX Davenport Core Fund	4.13%	4.43%	2.94%	6.31%	4.71%	8.10%	1.16%	2.24%	1.30%	2.48%	3.37%	3.97%
SCHB Schwab U.S. Broad Market ETF	1.01%	1.11%	1.24%	1.40%	1.61%	1.21%	1.63%	1.80%	2.00%	1.65%	1.86%	2.00%

Frequently Asked Questions

Can I hold both DAVPX and SCHB in my portfolio?

With a correlation of 0.92, DAVPX and SCHB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DAVPX or SCHB?

SCHB has higher volatility (2.92%) compared to DAVPX (2.41%). In terms of maximum drawdown, DAVPX dropped -51.80% vs SCHB's -35.27%.

Which has better risk-adjusted returns?

SCHB currently has the higher Sharpe Ratio (2.49 vs 1.30), 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.