DEOPX vs. AVEMX
DEOPX (Davenport Equity Opportunities Fund) and AVEMX (Ave Maria Value Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, DEOPX returned 9.98%/yr vs 10.86%/yr for AVEMX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. DEOPX charges 0.88%/yr vs 0.97%/yr for AVEMX.
Performance
DEOPX vs. AVEMX - Performance Comparison
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Returns By Period
In the year-to-date period, DEOPX achieves a 4.29% return, which is significantly lower than AVEMX's 12.50% return. Over the past 10 years, DEOPX has underperformed AVEMX with an annualized return of 9.98%, while AVEMX has yielded a comparatively higher 10.86% annualized return.
DEOPX
- 1D
- -1.56%
- 1M
- -2.48%
- 6M
- 4.11%
- YTD
- 4.29%
- 1Y
- 0.94%
- 3Y*
- 6.12%
- 5Y*
- 3.64%
- 10Y*
- 9.98%
- ALL TIME*
- 10.95%
AVEMX
- 1D
- 0.56%
- 1M
- 1.52%
- 6M
- 5.14%
- YTD
- 12.50%
- 1Y
- 13.45%
- 3Y*
- 12.56%
- 5Y*
- 9.30%
- 10Y*
- 10.86%
- ALL TIME*
- 7.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AVEMX Ave Maria Value Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
DEOPX vs. AVEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEOPX Davenport Equity Opportunities Fund | 4.29% | -2.60% | 9.72% | 27.73% | -23.09% | 26.32% | 21.37% | 39.85% | -8.01% | 20.79% |
AVEMX Ave Maria Value Fund | 12.50% | 2.82% | 21.43% | 3.49% | 4.19% | 25.15% | 6.20% | 20.51% | -8.70% | 17.75% |
Correlation
The correlation between DEOPX and AVEMX is 0.54, 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. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2010 | 0.80 |
Over the past year, the correlation between DEOPX and AVEMX has dropped to 0.54 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
DEOPX vs. AVEMX — Risk / Return Rank
DEOPX
AVEMX
DEOPX vs. AVEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Davenport Equity Opportunities Fund (DEOPX) and Ave Maria Value Fund (AVEMX). 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.
| DEOPX | AVEMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.12 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 1.07 | -1.21 |
| Martin ratioReturn relative to average drawdown | -0.33 | 2.24 | -2.57 |
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Drawdowns
DEOPX vs. AVEMX - Drawdown Comparison
The maximum DEOPX drawdown since its inception was -37.76%, smaller than the maximum AVEMX drawdown of -59.76%. Use the drawdown chart below to compare losses from any high point for DEOPX and AVEMX.
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Drawdown Indicators
| DEOPX | AVEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.76% | -59.76% | +22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.13% | -10.10% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.22% | -18.64% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -30.22% | -18.64% | -11.58% |
Max Drawdown (10Y)Largest decline over 10 years | -37.76% | -39.76% | +2.00% |
Current DrawdownCurrent decline from peak | -6.30% | -4.89% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -8.60% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 4.81% | +1.03% |
Volatility
DEOPX vs. AVEMX - Volatility Comparison
Davenport Equity Opportunities Fund (DEOPX) has a higher volatility of 4.11% compared to Ave Maria Value Fund (AVEMX) at 3.59%. This indicates that DEOPX's price experiences larger fluctuations and is considered to be riskier than AVEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEOPX | AVEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 3.59% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 12.05% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 16.95% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 18.47% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 18.40% | +0.87% |
DEOPX vs. AVEMX - Expense Ratio Comparison
DEOPX has a 0.88% expense ratio, which is lower than AVEMX's 0.97% expense ratio.
Dividends
DEOPX vs. AVEMX - Dividend Comparison
DEOPX's dividend yield for the trailing twelve months is around 3.37%, more than AVEMX's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEMX Ave Maria Value Fund | 0.30% | 0.34% | 8.81% | 4.42% | 1.15% | 8.07% | 3.57% | 5.27% | 10.76% | 7.84% | 0.00% | 0.12% |
DEOPX Davenport Equity Opportunities Fund | 3.37% | 3.01% | 0.09% | 4.85% | 8.78% | 10.45% | 10.39% | 4.26% | 4.11% | 0.00% | 1.26% | 5.20% |
Frequently Asked Questions
DEOPX and AVEMX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEOPX has higher volatility (4.11%) compared to AVEMX (3.59%). In terms of maximum drawdown, DEOPX dropped -37.76% vs AVEMX's -59.76%.
AVEMX currently has the higher Sharpe Ratio (0.64 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.
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