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 10.23%/yr vs 12.91%/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 3.59% return, which is significantly lower than XMHQ's 7.73% return. Over the past 10 years, DEOPX has underperformed XMHQ with an annualized return of 10.23%, while XMHQ has yielded a comparatively higher 12.91% annualized return.
DEOPX
- 1D
- 1.32%
- 1M
- 4.04%
- YTD
- 3.59%
- 6M
- 2.19%
- 1Y
- 1.54%
- 3Y*
- 7.92%
- 5Y*
- 4.82%
- 10Y*
- 10.23%
XMHQ
- 1D
- -1.05%
- 1M
- 1.58%
- YTD
- 7.73%
- 6M
- 5.47%
- 1Y
- 14.55%
- 3Y*
- 14.98%
- 5Y*
- 9.36%
- 10Y*
- 12.91%
DEOPX vs. XMHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEOPX Davenport Equity Opportunities Fund | 3.59% | -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 | 7.73% | 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 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
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 | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.16 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.65 | -1.50 |
| Martin ratioReturn relative to average drawdown | 0.32 | 4.82 | -4.50 |
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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 | -6.92% | -2.30% | -4.62% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -9.27% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 3.03% | +3.51% |
Volatility
DEOPX vs. XMHQ - Volatility Comparison
Davenport Equity Opportunities Fund (DEOPX) has a higher volatility of 4.77% compared to Invesco S&P MidCap Quality ETF (XMHQ) at 4.52%. 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 | 4.77% | 4.52% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 11.46% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 15.77% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.03% | 20.74% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.32% | 20.68% | -1.36% |
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 3.40%, more than XMHQ's 0.59% 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% |
XMHQ Invesco S&P MidCap Quality ETF | 0.59% | 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 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEOPX has higher volatility (4.77%) compared to XMHQ (4.52%). In terms of maximum drawdown, DEOPX dropped -37.76% vs XMHQ's -58.19%.
XMHQ currently has the higher Sharpe Ratio (0.93 vs 0.14), 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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