- ISIN
- US2391031042
- CUSIP
- 239103104
- Issuer
- Davis
- Inception Date
- Dec 1, 1994
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
RPEAX Performance Chart
Davis Opportunity Fund (RPEAX) is up 14.8% since the beginning of the year. RPEAX is currently trading at $45 per share. Investors who bought $1,000 worth of RPEAX shares 5 years ago would now be looking at an investment worth $1,975.
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Returns By Period
Davis Opportunity Fund (RPEAX) has returned 14.77% so far this year and 31.86% over the past 12 months. Over the last ten years, RPEAX has had an annualized return of 13.19%, just under the S&P 500 Index benchmark’s 13.29%.
Davis Opportunity Fund
- 1D
- -0.22%
- 1M
- 2.46%
- 6M
- 10.82%
- YTD
- 14.77%
- 1Y
- 31.86%
- 3Y*
- 24.76%
- 5Y*
- 14.58%
- 10Y*
- 13.19%
- ALL TIME*
- 11.53%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
RPEAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 1995, RPEAX's average daily return is +0.05%, while the average monthly return is +1.06%. At this rate, an investment would double in approximately 5.5 years.
Historically, 60% of months were positive and 40% were negative. The best month was Dec 1999 with a return of +17.7%, while the worst month was Aug 1998 at -23.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, RPEAX closed higher 53% of trading days. The best single day was Dec 13, 2024 with a return of +35.5%, while the worst single day was Dec 16, 2024 at -14.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.88% | 2.56% | -5.82% | 8.27% | 3.81% | -0.14% | 2.90% | 14.77% | |||||
| 2025 | 5.44% | -0.28% | -4.46% | -1.46% | 4.13% | 6.23% | -1.56% | 5.80% | 2.18% | 0.26% | 2.29% | 1.96% | 21.86% |
| 2024 | -1.10% | 4.56% | 5.38% | -2.67% | 3.29% | -1.60% | 3.55% | 1.27% | 2.76% | -0.54% | 6.40% | 8.04% | 32.82% |
| 2023 | 9.09% | -4.39% | -4.21% | 2.65% | -0.03% | 8.54% | 5.46% | -3.95% | -3.76% | -3.27% | 8.37% | 7.47% | 22.21% |
| 2022 | -3.94% | -2.91% | -1.02% | -6.88% | 3.33% | -9.19% | 6.00% | -3.24% | -8.33% | 9.00% | 7.71% | -3.56% | -14.12% |
| 2021 | 1.61% | 4.11% | 6.81% | 9.61% | 2.77% | -2.51% | -0.62% | 0.24% | -4.15% | 4.72% | -3.14% | 3.94% | 24.92% |
Benchmark Metrics
Davis Opportunity Fund has an annualized alpha of 3.19%, beta of 0.92, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since January 03, 1995.
- This fund captured 109.76% of S&P 500 Index gains but only 99.94% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 3.19% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.92 and R2 of 0.71, 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
- 3.19%
- Beta
- 0.92
- R²
- 0.71
- Upside Capture
- 109.76%
- Downside Capture
- 99.94%
Expense Ratio
RPEAX has a high expense ratio of 0.93%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RPEAX ranks 85 for risk / return — above 85% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Davis Opportunity Fund (RPEAX) 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.
| RPEAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 2.41 | +0.53 |
| Martin ratioReturn relative to average drawdown | 10.73 | 10.22 | +0.51 |
Dividends
Dividend History
Davis Opportunity Fund provided a 12.12% dividend yield over the last twelve months, with an annual payout of $5.50 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.50 | $5.50 | $12.19 | $2.35 | $2.82 | $3.87 | $1.06 | $1.63 | $0.18 | $1.00 | $0.76 | $5.88 |
Dividend yield | 12.12% | 13.91% | 33.00% | 6.17% | 8.47% | 9.23% | 2.88% | 4.86% | 0.64% | 2.70% | 2.44% | 21.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Davis Opportunity 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 | $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 | $5.50 | $5.50 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $12.19 | $12.19 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.35 | $2.35 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.82 | $2.82 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.87 | $3.87 |
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 Opportunity 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 Opportunity Fund was 59.71%, occurring on Nov 20, 2008. Recovery took 1084 trading sessions.
The current Davis Opportunity Fund drawdown is 0.24%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-59.71%Nov 2008 | 1y 4mo | 4y 3mo | 5y 8moJul 2007 - Mar 2013 | Financial crisis2007–2009 |
-39.78%Mar 2020 | 2y 1mo | 9mo 13d | 2y 11moJan 2018 - Dec 2020 | COVID crash2020 |
-37.82%Oct 2002 | 1y 4mo | 1y 6d | 2y 4moMay 2001 - Oct 2003 | Dot-com crash2000–2002 |
-37.45%Oct 1998 | 1y | 1y 1mo | 2y 1moOct 1997 - Nov 1999 | — |
-26.03%Sep 2022 | 8mo 16d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 | Bear market2022 |
Drawdown Indicators
| RPEAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.71% | -56.78% | -2.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -9.10% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -25.44% | -18.90% | -6.54% |
Max Drawdown (5Y)Largest decline over 5 years | -26.03% | -25.43% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -39.78% | -33.92% | -5.86% |
Current DrawdownCurrent decline from peak | -0.24% | -0.12% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -10.43% | -10.70% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.14% | +0.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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