DEOPX vs. SCHB
DEOPX (Davenport Equity Opportunities Fund) and SCHB (Schwab U.S. Broad Market ETF) are both funds - DEOPX is a Mid Cap Blend 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, DEOPX returned 9.98%/yr vs 14.63%/yr for SCHB. Their correlation of 0.88 means they have usually moved in the same direction. DEOPX charges 0.88%/yr vs 0.03%/yr for SCHB.
Performance
DEOPX vs. SCHB - 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 SCHB's 10.58% return. Over the past 10 years, DEOPX has underperformed SCHB with an annualized return of 9.98%, while SCHB has yielded a comparatively higher 14.63% 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%
SCHB
- 1D
- 0.59%
- 1M
- -0.07%
- 6M
- 8.84%
- YTD
- 10.58%
- 1Y
- 21.74%
- 3Y*
- 18.96%
- 5Y*
- 11.79%
- 10Y*
- 14.63%
- ALL TIME*
- 14.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $212.56M | $205.35M | $255.93M |
DEOPX vs. SCHB - 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% |
SCHB Schwab U.S. Broad Market ETF | 10.58% | 16.94% | 23.93% | 26.16% | -19.46% | 25.84% | 20.76% | 30.79% | -5.43% | 21.20% |
Correlation
The correlation between DEOPX and SCHB is 0.59, 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. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2010 | 0.88 |
Over the past year, the correlation between DEOPX and SCHB has dropped to 0.59 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
DEOPX vs. SCHB — Risk / Return Rank
DEOPX
SCHB
DEOPX vs. SCHB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Davenport Equity Opportunities Fund (DEOPX) 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.
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 | SCHB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.27 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.22 | -2.37 |
| Martin ratioReturn relative to average drawdown | -0.33 | 9.54 | -9.87 |
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Drawdowns
DEOPX vs. SCHB - Drawdown Comparison
The maximum DEOPX drawdown since its inception was -37.76%, which is greater than SCHB's maximum drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for DEOPX and SCHB.
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Drawdown Indicators
| DEOPX | SCHB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.76% | -35.27% | -2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -13.13% | -8.91% | -4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -20.22% | -19.34% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -30.22% | -25.41% | -4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -37.76% | -35.27% | -2.49% |
Current DrawdownCurrent decline from peak | -6.30% | -1.34% | -4.96% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -4.09% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 2.08% | +3.76% |
Volatility
DEOPX vs. SCHB - Volatility Comparison
Davenport Equity Opportunities Fund (DEOPX) has a higher volatility of 4.11% compared to Schwab U.S. Broad Market ETF (SCHB) at 3.48%. This indicates that DEOPX's price experiences larger fluctuations and is considered to be riskier than SCHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEOPX | SCHB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 3.48% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 10.28% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 13.12% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 17.36% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 18.32% | +0.95% |
DEOPX vs. SCHB - Expense Ratio Comparison
DEOPX has a 0.88% expense ratio, which is higher than SCHB's 0.03% expense ratio.
Dividends
DEOPX vs. SCHB - Dividend Comparison
DEOPX's dividend yield for the trailing twelve months is around 3.37%, more than SCHB's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCHB Schwab U.S. Broad Market ETF | 1.04% | 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
DEOPX and SCHB have a correlation of 0.59, 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 SCHB (3.48%). In terms of maximum drawdown, DEOPX dropped -37.76% vs SCHB's -35.27%.
SCHB currently has the higher Sharpe Ratio (1.51 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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