- Issuer
- Davis Advisors
- Inception Date
- Feb 17, 1969
- Category
- Large Cap Growth Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
DNVYX Performance Chart
Davis New York Venture Fund Class Y (DNVYX) is up 10.8% since the beginning of the year. DNVYX is currently trading at $34 per share. Investors who bought $1,000 worth of DNVYX shares 5 years ago would now be looking at an investment worth $1,947.
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Returns By Period
Davis New York Venture Fund Class Y (DNVYX) has returned 10.82% so far this year and 31.33% over the past 12 months. Looking at the last ten years, DNVYX has achieved an annualized return of 14.81%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Davis New York Venture Fund Class Y
- 1D
- 0.39%
- 1M
- 0.39%
- YTD
- 10.82%
- 6M
- 11.11%
- 1Y
- 31.33%
- 3Y*
- 27.61%
- 5Y*
- 14.25%
- 10Y*
- 14.81%
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%
DNVYX Monthly Returns History
Based on dividend-adjusted daily data since Oct 2, 1996, DNVYX's average daily return is +0.05%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2009 with a return of +13.8%, while the worst month was Mar 2020 at -19.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DNVYX closed higher 53% of trading days. The best single day was Dec 13, 2024 with a return of +23.9%, while the worst single day was Mar 16, 2020 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.48% | 1.05% | -4.39% | 8.76% | 1.51% | 0.42% | 10.82% | ||||||
| 2025 | 6.38% | -0.24% | -4.09% | -1.71% | 4.60% | 6.69% | -0.69% | 4.90% | 1.04% | 1.20% | 2.84% | 3.97% | 27.17% |
| 2024 | 0.65% | 7.30% | 3.99% | -3.16% | 3.86% | 0.47% | 1.72% | 1.08% | 2.14% | -1.14% | 5.72% | 5.82% | 31.80% |
| 2023 | 11.69% | -3.07% | -2.17% | 2.79% | -0.04% | 7.70% | 7.18% | -4.81% | -3.71% | -2.60% | 8.10% | 7.64% | 30.49% |
| 2022 | -0.03% | -3.27% | -2.18% | -9.22% | 2.72% | -9.64% | 5.56% | -2.84% | -9.59% | 5.61% | 10.94% | -4.54% | -17.34% |
| 2021 | 1.18% | 7.79% | 3.91% | 6.65% | 0.98% | -1.73% | -3.90% | 0.20% | -3.18% | 3.61% | -4.77% | 2.17% | 12.74% |
Benchmark Metrics
Davis New York Venture Fund Class Y has an annualized alpha of 2.15%, beta of 0.98, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since October 02, 1996.
- This fund captured 102.73% of S&P 500 Index gains but only 94.79% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 2.15% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.98 and R2 of 0.85, 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
- 2.15%
- Beta
- 0.98
- R²
- 0.85
- Upside Capture
- 102.73%
- Downside Capture
- 94.79%
Expense Ratio
DNVYX has an expense ratio of 0.67%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DNVYX ranks 80 for risk / return — in the top 80% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Davis New York Venture Fund Class Y (DNVYX) 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.
| DNVYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 2.78 | +1.10 |
| Martin ratioReturn relative to average drawdown | 14.95 | 12.44 | +2.51 |
Dividends
Dividend History
Davis New York Venture Fund Class Y provided a 10.06% dividend yield over the last twelve months, with an annual payout of $3.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.40 | $3.40 | $8.62 | $2.18 | $1.74 | $6.43 | $1.91 | $2.33 | $5.99 | $2.94 | $4.01 | $7.19 |
Dividend yield | 10.06% | 11.15% | 31.98% | 7.88% | 7.54% | 21.48% | 5.93% | 7.63% | 23.81% | 8.39% | 12.88% | 22.87% |
Monthly Dividends
The table displays the monthly dividend distributions for Davis New York Venture Fund Class Y. 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 | $2.32 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.08 | $3.40 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.39 | $8.62 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.40 | $2.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $1.74 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.85 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.58 | $6.43 |
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 New York Venture Fund Class Y. 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 New York Venture Fund Class Y was 58.41%, occurring on Mar 9, 2009. Recovery took 1007 trading sessions.
The current Davis New York Venture Fund Class Y drawdown is 1.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.41%Mar 2009 | 1y 4mo | 4y | 5y 4moOct 2007 - Mar 2013 |
Dot-com crash2000–2002 | -38.56%Oct 2002 | 2y 1mo | 1y 4mo | 3y 6moSep 2000 - Mar 2004 |
COVID crash2020 | -36.97%Mar 2020 | 1mo 2d | 7mo 21d | 8mo 23dFeb 2020 - Nov 2020 |
Bear market2022 | -32.39%Sep 2022 | 1y 4mo | 1y 3mo | 2y 7moJun 2021 - Jan 2024 |
Rate-hike selloffLate 2018 | -24.00%Dec 2018 | 10mo 29d | 10mo 12d | 1y 9moJan 2018 - Nov 2019 |
Drawdown Indicators
| DNVYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.41% | -56.78% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -9.10% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -21.44% | -18.90% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -31.09% | -25.43% | -5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -36.97% | -33.92% | -3.05% |
Current DrawdownCurrent decline from peak | -1.26% | -1.80% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -10.71% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.03% | +0.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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