- ISIN
- US2390808721
- CUSIP
- 239080872
- Issuer
- Davis Funds
- Inception Date
- Dec 21, 2004
- Category
- Global Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
DGFAX Performance Chart
Davis Global Fund (DGFAX) is down 0.7% since the beginning of the year. DGFAX is currently trading at $33 per share. Investors who bought $1,000 worth of DGFAX shares 5 years ago would now be looking at an investment worth $1,360.
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Returns By Period
Davis Global Fund (DGFAX) has returned -0.72% so far this year and 19.31% over the past 12 months. Over the last ten years, DGFAX has returned 10.60% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Davis Global Fund
- 1D
- -0.15%
- 1M
- -0.78%
- YTD
- -0.72%
- 6M
- -0.69%
- 1Y
- 19.31%
- 3Y*
- 17.94%
- 5Y*
- 6.34%
- 10Y*
- 10.60%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DGFAX Monthly Returns History
Based on dividend-adjusted daily data since Dec 23, 2004, DGFAX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +17.2%, while the worst month was Oct 2008 at -22.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DGFAX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +12.7%, while the worst single day was Oct 15, 2008 at -11.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.18% | -0.45% | -6.63% | 6.85% | 2.55% | -2.34% | -0.72% | ||||||
| 2025 | 4.23% | 1.62% | -1.84% | -2.33% | 6.99% | 5.04% | 1.00% | 5.46% | 3.27% | 0.82% | 0.29% | 3.88% | 31.85% |
| 2024 | -2.65% | 6.10% | 5.05% | 0.52% | 3.97% | -1.52% | 0.54% | 2.86% | 10.35% | -0.63% | 1.90% | -5.00% | 22.59% |
| 2023 | 13.02% | -5.10% | -1.78% | 2.74% | -3.01% | 8.33% | 7.28% | -6.71% | -4.53% | -3.51% | 6.08% | 5.41% | 17.22% |
| 2022 | 0.58% | -6.37% | -3.67% | -8.17% | 2.52% | -4.91% | 1.96% | -1.17% | -10.91% | -0.64% | 17.19% | -1.69% | -16.53% |
| 2021 | 2.68% | 6.18% | 0.12% | 6.63% | -1.62% | -3.12% | -9.51% | -0.46% | -4.30% | 4.25% | -5.11% | 0.26% | -5.15% |
Benchmark Metrics
Davis Global Fund has an annualized alpha of 0.67%, beta of 0.94, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since December 23, 2004.
- With beta of 0.94 and R2 of 0.75, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.67%
- Beta
- 0.94
- R²
- 0.75
- Upside Capture
- 99.94%
- Downside Capture
- 101.15%
Expense Ratio
DGFAX has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DGFAX ranks 21 for risk / return — below 21% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Davis Global Fund (DGFAX) and compare them to S&P 500 Index.
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.
| DGFAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.78 | -1.32 |
| Martin ratioReturn relative to average drawdown | 4.87 | 12.44 | -7.57 |
Dividends
Dividend History
Davis Global Fund provided a 7.89% dividend yield over the last twelve months, with an annual payout of $2.60 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.60 | $2.60 | $3.55 | $0.27 | $0.00 | $2.98 | $0.08 | $0.46 | $1.77 | $0.00 | $0.00 | $1.09 |
Dividend yield | 7.89% | 7.83% | 13.06% | 1.07% | 0.00% | 11.55% | 0.27% | 1.88% | 9.25% | 0.00% | 0.00% | 6.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Davis Global Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.60 | $2.60 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.55 | $3.55 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.98 | $2.98 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Davis Global Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Davis Global Fund was 65.64%, occurring on Mar 9, 2009. Recovery took 1207 trading sessions.
The current Davis Global Fund drawdown is 4.52%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -65.64%Mar 2009 | 1y 4mo | 4y 9mo | 6y 1moNov 2007 - Dec 2013 |
Bear market2022 | -42.47%Oct 2022 | 1y 5mo | 1y 11mo | 3y 5moApr 2021 - Sep 2024 |
COVID crash2020 | -32.41%Mar 2020 | 2mo 6d | 4mo 28d | 7mo 4dJan 2020 - Aug 2020 |
Rate-hike selloffLate 2018 | -30.01%Dec 2018 | 10mo 29d | 1y 23d | 1y 11moJan 2018 - Jan 2020 |
2016 bear market2016 | -22.47%Feb 2016 | 8mo 21d | 6mo 6d | 1y 2moMay 2015 - Aug 2016 |
Drawdown Indicators
| DGFAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.64% | -56.78% | -8.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.72% | -9.10% | -3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -18.90% | +1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -39.83% | -25.43% | -14.40% |
Max Drawdown (10Y)Largest decline over 10 years | -42.47% | -33.92% | -8.55% |
Current DrawdownCurrent decline from peak | -4.52% | -1.80% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -14.66% | -10.71% | -3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 2.03% | +1.79% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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