DEOPX vs. XMHQ
DEOPX (Davenport Equity Opportunities Fund) and XMHQ (Invesco S&P MidCap Quality ETF) are both Mid Cap Blend Equities funds. Over the past 10 years, DEOPX returned 10.26%/yr vs 12.59%/yr for XMHQ. A 0.79 correlation means they provide meaningful diversification when combined. DEOPX charges 0.88%/yr vs 0.25%/yr for XMHQ.
Performance
DEOPX vs. XMHQ - Performance Comparison
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Returns By Period
In the year-to-date period, DEOPX achieves a 5.77% return, which is significantly lower than XMHQ's 10.37% return. Over the past 10 years, DEOPX has underperformed XMHQ with an annualized return of 10.26%, while XMHQ has yielded a comparatively higher 12.59% annualized return.
DEOPX
- 1D
- 0.08%
- 1M
- 2.56%
- 6M
- 1.63%
- YTD
- 5.77%
- 1Y
- -0.55%
- 3Y*
- 7.41%
- 5Y*
- 4.19%
- 10Y*
- 10.26%
XMHQ
- 1D
- -0.55%
- 1M
- 1.42%
- 6M
- 5.24%
- YTD
- 10.37%
- 1Y
- 14.01%
- 3Y*
- 13.50%
- 5Y*
- 10.14%
- 10Y*
- 12.59%
DEOPX vs. XMHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEOPX Davenport Equity Opportunities Fund | 5.77% | -2.60% | 9.72% | 27.73% | -23.09% | 26.32% | 21.37% | 39.85% | -8.01% | 20.79% |
XMHQ Invesco S&P MidCap Quality ETF | 10.37% | 4.71% | 16.79% | 29.51% | -12.42% | 20.98% | 26.61% | 27.18% | -9.08% | 15.64% |
Correlation
The correlation between DEOPX and XMHQ is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2010 | 0.79 |
The correlation between DEOPX and XMHQ has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
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Return for Risk
DEOPX vs. XMHQ — Risk / Return Rank
DEOPX
XMHQ
DEOPX vs. XMHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Davenport Equity Opportunities Fund (DEOPX) and Invesco S&P MidCap Quality ETF (XMHQ). 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 | XMHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.16 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.59 | -1.73 |
| Martin ratioReturn relative to average drawdown | -0.29 | 4.64 | -4.93 |
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Drawdowns
DEOPX vs. XMHQ - Drawdown Comparison
The maximum DEOPX drawdown since its inception was -37.76%, smaller than the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for DEOPX and XMHQ.
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Drawdown Indicators
| DEOPX | XMHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.76% | -58.19% | +20.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -8.85% | -5.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.22% | -24.56% | +4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -30.22% | -25.47% | -4.75% |
Max Drawdown (10Y)Largest decline over 10 years | -37.76% | -36.90% | -0.86% |
Current DrawdownCurrent decline from peak | -4.97% | -1.71% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -9.24% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.58% | 3.03% | +3.55% |
Volatility
DEOPX vs. XMHQ - Volatility Comparison
Davenport Equity Opportunities Fund (DEOPX) has a higher volatility of 4.51% compared to Invesco S&P MidCap Quality ETF (XMHQ) at 3.78%. This indicates that DEOPX's price experiences larger fluctuations and is considered to be riskier than XMHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEOPX | XMHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 3.78% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 11.31% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 15.73% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 20.67% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 20.63% | -1.38% |
DEOPX vs. XMHQ - Expense Ratio Comparison
DEOPX has a 0.88% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Dividends
DEOPX vs. XMHQ - Dividend Comparison
DEOPX's dividend yield for the trailing twelve months is around 3.33%, more than XMHQ's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEOPX Davenport Equity Opportunities Fund | 3.33% | 3.01% | 0.09% | 4.85% | 8.78% | 10.45% | 10.39% | 4.26% | 4.11% | 0.00% | 1.26% | 5.20% |
XMHQ Invesco S&P MidCap Quality ETF | 0.58% | 0.64% | 5.20% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.63% | 1.34% |
Frequently Asked Questions
DEOPX and XMHQ have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEOPX has higher volatility (4.51%) compared to XMHQ (3.78%). In terms of maximum drawdown, DEOPX dropped -37.76% vs XMHQ's -58.19%.
XMHQ currently has the higher Sharpe Ratio (0.90 vs -0.12), 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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