- ISIN
- US2390808317
- CUSIP
- 239080831
- Issuer
- Davis Funds
- Inception Date
- Dec 29, 2006
- Category
- Foreign Large Cap Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
DILAX Performance Chart
Davis International Fund (DILAX) is up 1.7% since the beginning of the year. DILAX is currently trading at $17 per share. Investors who bought $1,000 worth of DILAX shares 5 years ago would now be looking at an investment worth $1,228.
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Returns By Period
Davis International Fund (DILAX) has returned 1.67% so far this year and 18.99% over the past 12 months. Over the last ten years, DILAX has returned 7.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Davis International Fund
- 1D
- 0.29%
- 1M
- 1.07%
- YTD
- 1.67%
- 6M
- 2.34%
- 1Y
- 18.99%
- 3Y*
- 16.87%
- 5Y*
- 4.19%
- 10Y*
- 7.27%
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%
DILAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 5, 2007, DILAX's average daily return is +0.03%, while the average monthly return is +0.50%. At this rate, an investment would double in approximately 11.6 years.
Historically, 54% of months were positive and 46% were negative. The best month was Nov 2022 with a return of +23.5%, while the worst month was Oct 2008 at -22.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, DILAX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +12.4%, while the worst single day was Oct 15, 2008 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.80% | -0.93% | -8.38% | 6.59% | 3.00% | -0.76% | 1.67% | ||||||
| 2025 | 0.77% | 4.37% | -0.07% | -1.55% | 7.03% | 5.03% | 0.86% | 2.64% | 5.14% | 1.71% | -2.46% | 4.06% | 30.70% |
| 2024 | -6.26% | 5.21% | 5.04% | 4.00% | 4.19% | -3.20% | 0.34% | 4.56% | 15.51% | -1.47% | -1.85% | -4.55% | 21.56% |
| 2023 | 11.33% | -5.65% | -1.90% | 0.09% | -6.83% | 8.82% | 7.47% | -7.80% | -4.23% | -4.32% | 6.62% | 3.83% | 5.12% |
| 2022 | -0.51% | -6.10% | -3.97% | -8.36% | 1.95% | -1.31% | -0.41% | -0.41% | -11.82% | -2.21% | 23.48% | 1.35% | -11.47% |
| 2021 | 1.04% | 3.08% | -2.74% | 2.43% | -3.25% | -3.88% | -13.92% | -1.33% | -3.33% | 3.52% | -4.98% | 0.09% | -22.00% |
Benchmark Metrics
Davis International Fund has an annualized alpha of -2.75%, beta of 0.88, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since January 05, 2007.
- This fund participated in 100.76% of S&P 500 Index downside but only 79.73% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.75% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.88 and R2 of 0.61, 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
- -2.75%
- Beta
- 0.88
- R²
- 0.61
- Upside Capture
- 79.73%
- Downside Capture
- 100.76%
Expense Ratio
DILAX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DILAX ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Davis International Fund (DILAX) 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.
| DILAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.78 | -1.49 |
| Martin ratioReturn relative to average drawdown | 4.13 | 12.44 | -8.31 |
Dividends
Dividend History
Davis International Fund provided a 0.80% dividend yield over the last twelve months, with an annual payout of $0.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.14 | $0.14 | $0.29 | $0.17 | $0.00 | $0.16 | $0.00 | $0.41 | $0.25 | $0.02 | $0.02 | $0.37 |
Dividend yield | 0.80% | 0.82% | 2.22% | 1.55% | 0.00% | 1.38% | 0.00% | 3.28% | 2.47% | 0.11% | 0.17% | 3.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Davis International 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 | $0.14 | $0.14 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 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 | $0.16 | $0.16 |
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 International 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 International Fund was 65.42%, occurring on Mar 9, 2009. Recovery took 2105 trading sessions.
The current Davis International Fund drawdown is 3.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -65.42%Mar 2009 | 1y 4mo | 8y 4mo | 9y 8moNov 2007 - Jul 2017 |
Bear market2022 | -51.66%Oct 2022 | 1y 8mo | 2y 10mo | 4y 6moFeb 2021 - Sep 2025 |
COVID crash2020 | -33.34%Mar 2020 | 2y 1mo | 5mo 5d | 2y 6moJan 2018 - Aug 2020 |
2007 correction2007 | -14.54%Aug 2007 | 1mo 4d | 1mo 9d | 2mo 13dJul 2007 - Sep 2007 |
2026 correction2026 | -14.00%Mar 2026 | 2mo 19d | 2mo 7d | 4mo 26dJan 2026 - Jun 2026 |
Drawdown Indicators
| DILAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.42% | -56.78% | -8.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -9.10% | -4.90% |
Max Drawdown (3Y)Largest decline over 3 years | -21.52% | -18.90% | -2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -45.79% | -25.43% | -20.36% |
Max Drawdown (10Y)Largest decline over 10 years | -51.66% | -33.92% | -17.74% |
Current DrawdownCurrent decline from peak | -3.95% | -1.80% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -22.16% | -10.71% | -11.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 2.03% | +2.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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