DSCPX vs. HDPSX
DSCPX (Davenport Small Cap Focus Fund) and HDPSX (Hodges Small Cap Fund) are both Small Cap Blend Equities funds. Over the past 10 years, DSCPX returned 9.29%/yr vs 15.16%/yr for HDPSX. Their correlation of 0.86 means they have usually moved in the same direction. DSCPX charges 0.89%/yr vs 1.36%/yr for HDPSX.
Performance
DSCPX vs. HDPSX - Performance Comparison
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Returns By Period
In the year-to-date period, DSCPX achieves a 7.33% return, which is significantly lower than HDPSX's 27.34% return. Over the past 10 years, DSCPX has underperformed HDPSX with an annualized return of 9.29%, while HDPSX has yielded a comparatively higher 15.16% annualized return.
DSCPX
- 1D
- -0.06%
- 1M
- -3.60%
- 6M
- 7.20%
- YTD
- 7.33%
- 1Y
- 2.94%
- 3Y*
- 1.75%
- 5Y*
- 2.98%
- 10Y*
- 9.29%
- ALL TIME*
- 8.62%
HDPSX
- 1D
- 2.15%
- 1M
- -1.76%
- 6M
- 19.74%
- YTD
- 27.34%
- 1Y
- 40.07%
- 3Y*
- 28.04%
- 5Y*
- 16.93%
- 10Y*
- 15.16%
- ALL TIME*
- 12.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DSCPX vs. HDPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSCPX Davenport Small Cap Focus Fund | 7.33% | -7.26% | 1.25% | 22.31% | -15.48% | 20.26% | 25.81% | 40.88% | -15.51% | 19.88% |
HDPSX Hodges Small Cap Fund | 27.34% | 3.07% | 62.98% | 14.88% | -12.78% | 35.60% | 16.98% | 16.85% | -16.35% | 9.34% |
Correlation
The correlation between DSCPX and HDPSX is 0.65, 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. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.86 |
Over the past year, the correlation between DSCPX and HDPSX has dropped to 0.65 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
DSCPX vs. HDPSX — Risk / Return Rank
DSCPX
HDPSX
DSCPX vs. HDPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Davenport Small Cap Focus Fund (DSCPX) and Hodges Small Cap Fund (HDPSX). 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.
| DSCPX | HDPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.28 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 3.30 | -3.24 |
| Martin ratioReturn relative to average drawdown | 0.14 | 9.41 | -9.27 |
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Drawdowns
DSCPX vs. HDPSX - Drawdown Comparison
The maximum DSCPX drawdown since its inception was -41.99%, smaller than the maximum HDPSX drawdown of -65.86%. Use the drawdown chart below to compare losses from any high point for DSCPX and HDPSX.
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Drawdown Indicators
| DSCPX | HDPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.99% | -65.86% | +23.87% |
Max Drawdown (1Y)Largest decline over 1 year | -13.70% | -10.42% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -25.62% | -28.83% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -28.83% | +3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -41.99% | -58.96% | +16.97% |
Current DrawdownCurrent decline from peak | -7.90% | -5.83% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -10.78% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 3.68% | +1.98% |
Volatility
DSCPX vs. HDPSX - Volatility Comparison
The current volatility for Davenport Small Cap Focus Fund (DSCPX) is 4.08%, while Hodges Small Cap Fund (HDPSX) has a volatility of 5.90%. This indicates that DSCPX experiences smaller price fluctuations and is considered to be less risky than HDPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSCPX | HDPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 5.90% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 15.68% | -4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.94% | 21.45% | -4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 26.96% | -7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 27.47% | -7.14% |
DSCPX vs. HDPSX - Expense Ratio Comparison
DSCPX has a 0.89% expense ratio, which is lower than HDPSX's 1.36% expense ratio.
Dividends
DSCPX vs. HDPSX - Dividend Comparison
DSCPX's dividend yield for the trailing twelve months is around 3.66%, less than HDPSX's 6.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSCPX Davenport Small Cap Focus Fund | 3.66% | 0.46% | 0.79% | 4.60% | 6.45% | 14.92% | 5.95% | 2.07% | 1.04% | 2.66% | 0.00% | 0.00% |
HDPSX Hodges Small Cap Fund | 6.00% | 7.64% | 44.97% | 5.01% | 6.46% | 19.53% | 0.00% | 8.25% | 4.66% | 14.53% | 0.32% | 0.35% |
Frequently Asked Questions
DSCPX and HDPSX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDPSX has higher volatility (5.90%) compared to DSCPX (4.08%). In terms of maximum drawdown, DSCPX dropped -41.99% vs HDPSX's -65.86%.
HDPSX currently has the higher Sharpe Ratio (1.61 vs 0.05), 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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