DVIPX vs. ACTIX

Last updated Jun 3, 2026

DVIPX (Davenport Value & Income Fund) and ACTIX (Advisors Capital Tactical Fixed Income Fund) are both Large Cap Value Equities funds. Over the past 5 years, DVIPX returned 5.24%/yr vs 0.81%/yr for ACTIX. At a 0.43 correlation, their price movements are largely independent. DVIPX charges 0.87%/yr vs 2.09%/yr for ACTIX.

Performance

DVIPX vs. ACTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davenport Value & Income Fund (DVIPX) and Advisors Capital Tactical Fixed Income Fund (ACTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVIPX achieves a 4.14% return, which is significantly higher than ACTIX's 0.21% return.

DVIPX

• 1D: -0.39%
• 1M: -1.12%
• YTD: 4.14%
• 6M: 6.30%
• 1Y: 14.03%
• 3Y*: 11.77%
• 5Y*: 5.24%
• 10Y*: 7.89%

ACTIX

• 1D: -0.10%
• 1M: 0.21%
• YTD: 0.21%
• 6M: 0.25%
• 1Y: 4.50%
• 3Y*: 4.56%
• 5Y*: 0.81%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DVIPX vs. ACTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DVIPX Davenport Value & Income Fund	4.14%	13.70%	9.53%	8.49%	-12.88%	15.13%
ACTIX Advisors Capital Tactical Fixed Income Fund	0.21%	6.08%	3.07%	5.97%	-9.94%	0.75%

Correlation

The correlation between DVIPX and ACTIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.43

Return for Risk

DVIPX vs. ACTIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVIPX

DVIPX Risk / Return Rank: 21
DVIPX Sharpe Ratio Rank: 21
DVIPX Sortino Ratio Rank: 23
DVIPX Omega Ratio Rank: 19
DVIPX Calmar Ratio Rank: 22
DVIPX Martin Ratio Rank: 21

ACTIX

ACTIX Risk / Return Rank: 18
ACTIX Sharpe Ratio Rank: 17
ACTIX Sortino Ratio Rank: 17
ACTIX Omega Ratio Rank: 17
ACTIX Calmar Ratio Rank: 18
ACTIX Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVIPX vs. ACTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davenport Value & Income Fund (DVIPX) and Advisors Capital Tactical Fixed Income Fund (ACTIX). 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.

	DVIPX	ACTIX	Difference
Sharpe ratio Return per unit of total volatility	1.34	1.21	+0.13
Sortino ratio Return per unit of downside risk	2.02	1.77	+0.26
Omega ratio Gain probability vs. loss probability	1.23	1.22	+0.01
Calmar ratio Return relative to maximum drawdown	1.76	1.59	+0.17
Martin ratio Return relative to average drawdown	5.62	5.55	+0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DVIPX vs. ACTIX - Sharpe Ratio Comparison

The current DVIPX Sharpe Ratio is 1.34, which is comparable to the ACTIX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of DVIPX and ACTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DVIPX	ACTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	1.21	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.17	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.22	+0.40

Drawdowns

DVIPX vs. ACTIX - Drawdown Comparison

The maximum DVIPX drawdown since its inception was -38.40%, which is greater than ACTIX's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for DVIPX and ACTIX.

Drawdown Indicators

	DVIPX	ACTIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.40%	-14.29%	-24.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-2.90%	-5.18%
Max Drawdown (3Y) Largest decline over 3 years	-13.02%	-3.95%	-9.07%
Max Drawdown (5Y) Largest decline over 5 years	-20.67%	-14.29%	-6.38%
Max Drawdown (10Y) Largest decline over 10 years	-38.40%	—	—
Current Drawdown Current decline from peak	-3.89%	-0.93%	-2.96%
Average Drawdown Average peak-to-trough decline	-4.50%	-5.01%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	0.83%	+1.70%

Volatility

DVIPX vs. ACTIX - Volatility Comparison

Davenport Value & Income Fund (DVIPX) has a higher volatility of 2.38% compared to Advisors Capital Tactical Fixed Income Fund (ACTIX) at 1.23%. This indicates that DVIPX's price experiences larger fluctuations and is considered to be riskier than ACTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVIPX	ACTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	1.23%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	7.83%	2.82%	+5.01%
Volatility (1Y) Calculated over the trailing 1-year period	10.49%	3.65%	+6.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.90%	4.67%	+9.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.17%	4.61%	+11.56%

DVIPX vs. ACTIX - Expense Ratio Comparison

DVIPX has a 0.87% expense ratio, which is lower than ACTIX's 2.09% expense ratio.

Dividends

DVIPX vs. ACTIX - Dividend Comparison

DVIPX's dividend yield for the trailing twelve months is around 6.45%, more than ACTIX's 3.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACTIX Advisors Capital Tactical Fixed Income Fund	3.08%	3.09%	3.18%	2.44%	1.10%	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DVIPX Davenport Value & Income Fund	6.45%	6.73%	6.35%	1.68%	5.59%	4.42%	4.36%	4.13%	3.70%	4.65%	2.24%	6.95%

Frequently Asked Questions

Can I hold both DVIPX and ACTIX in my portfolio?

DVIPX and ACTIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVIPX or ACTIX?

DVIPX has higher volatility (2.38%) compared to ACTIX (1.23%). In terms of maximum drawdown, DVIPX dropped -38.40% vs ACTIX's -14.29%.

Which has better risk-adjusted returns?

DVIPX currently has the higher Sharpe Ratio (1.34 vs 1.21), 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.