DEOPX vs. GTSGX
DEOPX (Davenport Equity Opportunities Fund) and GTSGX (Madison Mid Cap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, DEOPX returned 10.61%/yr vs 11.13%/yr for GTSGX. Their correlation of 0.91 suggests significant overlap in exposure. DEOPX charges 0.88%/yr vs 0.95%/yr for GTSGX.
Performance
DEOPX vs. GTSGX - Performance Comparison
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Returns By Period
In the year-to-date period, DEOPX achieves a 3.42% return, which is significantly higher than GTSGX's 1.12% return. Both investments have delivered pretty close results over the past 10 years, with DEOPX having a 10.61% annualized return and GTSGX not far ahead at 11.13%.
DEOPX
- 1D
- 0.98%
- 1M
- 3.42%
- YTD
- 3.42%
- 6M
- 2.02%
- 1Y
- 0.18%
- 3Y*
- 8.48%
- 5Y*
- 3.86%
- 10Y*
- 10.61%
GTSGX
- 1D
- 1.81%
- 1M
- 3.50%
- YTD
- 1.12%
- 6M
- -0.35%
- 1Y
- 3.20%
- 3Y*
- 9.74%
- 5Y*
- 6.84%
- 10Y*
- 11.13%
DEOPX vs. GTSGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEOPX Davenport Equity Opportunities Fund | 3.42% | -2.60% | 9.72% | 27.73% | -23.09% | 26.32% | 21.37% | 39.85% | -8.01% | 20.79% |
GTSGX Madison Mid Cap Fund | 1.12% | 1.62% | 10.24% | 26.51% | -13.60% | 26.31% | 9.45% | 33.53% | -1.60% | 15.65% |
Correlation
The correlation between DEOPX and GTSGX is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2010 | 0.91 |
The correlation between DEOPX and GTSGX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
DEOPX vs. GTSGX — Risk / Return Rank
DEOPX
GTSGX
DEOPX vs. GTSGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Davenport Equity Opportunities Fund (DEOPX) and Madison Mid Cap Fund (GTSGX). 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 | GTSGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.04 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 0.20 | -0.28 |
| Martin ratioReturn relative to average drawdown | -0.16 | 0.48 | -0.64 |
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Drawdowns
DEOPX vs. GTSGX - Drawdown Comparison
The maximum DEOPX drawdown since its inception was -37.76%, smaller than the maximum GTSGX drawdown of -73.82%. Use the drawdown chart below to compare losses from any high point for DEOPX and GTSGX.
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Drawdown Indicators
| DEOPX | GTSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.76% | -73.82% | +36.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -11.99% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -20.22% | -19.63% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -30.22% | -21.94% | -8.28% |
Max Drawdown (10Y)Largest decline over 10 years | -37.76% | -38.25% | +0.49% |
Current DrawdownCurrent decline from peak | -7.08% | -4.85% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -29.65% | +23.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 5.08% | +1.48% |
Volatility
DEOPX vs. GTSGX - Volatility Comparison
Davenport Equity Opportunities Fund (DEOPX) has a higher volatility of 4.81% compared to Madison Mid Cap Fund (GTSGX) at 4.26%. This indicates that DEOPX's price experiences larger fluctuations and is considered to be riskier than GTSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEOPX | GTSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 4.26% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 10.53% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.48% | 14.87% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 17.48% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.28% | 18.07% | +1.21% |
DEOPX vs. GTSGX - Expense Ratio Comparison
DEOPX has a 0.88% expense ratio, which is lower than GTSGX's 0.95% expense ratio.
Dividends
DEOPX vs. GTSGX - Dividend Comparison
DEOPX's dividend yield for the trailing twelve months is around 3.40%, more than GTSGX's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEOPX Davenport Equity Opportunities Fund | 3.40% | 3.01% | 0.09% | 4.85% | 8.78% | 10.45% | 10.39% | 4.26% | 4.11% | 0.00% | 1.26% | 5.20% |
GTSGX Madison Mid Cap Fund | 3.33% | 3.37% | 5.76% | 1.25% | 1.96% | 4.38% | 3.43% | 3.74% | 7.57% | 3.58% | 4.34% | 6.09% |
Frequently Asked Questions
DEOPX and GTSGX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEOPX has higher volatility (4.81%) compared to GTSGX (4.26%). In terms of maximum drawdown, DEOPX dropped -37.76% vs GTSGX's -73.82%.
GTSGX currently has the higher Sharpe Ratio (0.17 vs -0.07), 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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