CMALX vs. RPFCX
CMALX (Crawford Multi-Asset Income Fund) and RPFCX (Davis Appreciation & Income Fund) are both Diversified Portfolio funds. Over the past 5 years, CMALX returned 6.69%/yr vs 10.09%/yr for RPFCX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.00% expense ratio.
Performance
CMALX vs. RPFCX - Performance Comparison
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Returns By Period
In the year-to-date period, CMALX achieves a 9.01% return, which is significantly lower than RPFCX's 14.17% return.
CMALX
- 1D
- -0.61%
- 1M
- 0.33%
- 6M
- 5.38%
- YTD
- 9.01%
- 1Y
- 10.57%
- 3Y*
- 9.50%
- 5Y*
- 6.69%
- 10Y*
- —
- ALL TIME*
- 5.89%
RPFCX
- 1D
- 0.24%
- 1M
- 1.63%
- 6M
- 11.35%
- YTD
- 14.17%
- 1Y
- 29.00%
- 3Y*
- 16.53%
- 5Y*
- 10.09%
- 10Y*
- 10.69%
- ALL TIME*
- 8.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CMALX vs. RPFCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMALX Crawford Multi-Asset Income Fund | 9.01% | 5.26% | 11.36% | 6.42% | -0.99% | 15.89% | -7.01% | 20.24% | -4.85% | 0.14% |
RPFCX Davis Appreciation & Income Fund | 14.17% | 20.90% | 9.10% | 23.00% | -15.65% | 25.74% | 4.74% | 20.33% | -8.02% | 7.40% |
Correlation
The correlation between CMALX and RPFCX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2017 | 0.70 |
Over the past year, the correlation between CMALX and RPFCX has dropped to 0.47 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
CMALX vs. RPFCX — Risk / Return Rank
CMALX
RPFCX
CMALX vs. RPFCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Crawford Multi-Asset Income Fund (CMALX) and Davis Appreciation & Income Fund (RPFCX). 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.
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.
| CMALX | RPFCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.54 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.99 | -1.63 |
| Martin ratioReturn relative to average drawdown | 7.48 | 15.92 | -8.43 |
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Drawdowns
CMALX vs. RPFCX - Drawdown Comparison
The maximum CMALX drawdown since its inception was -39.04%, smaller than the maximum RPFCX drawdown of -56.39%. Use the drawdown chart below to compare losses from any high point for CMALX and RPFCX.
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Drawdown Indicators
| CMALX | RPFCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.04% | -56.39% | +17.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.49% | -6.76% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -7.61% | -14.82% | +7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -12.68% | -25.63% | +12.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.72% | — |
Current DrawdownCurrent decline from peak | -1.25% | -0.39% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -7.40% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.70% | -0.29% |
Volatility
CMALX vs. RPFCX - Volatility Comparison
Crawford Multi-Asset Income Fund (CMALX) has a higher volatility of 2.35% compared to Davis Appreciation & Income Fund (RPFCX) at 2.02%. This indicates that CMALX's price experiences larger fluctuations and is considered to be riskier than RPFCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMALX | RPFCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 2.02% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.94% | 6.74% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 9.05% | -2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.99% | 14.04% | -5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.58% | 14.75% | -2.17% |
CMALX vs. RPFCX - Expense Ratio Comparison
Both CMALX and RPFCX have an expense ratio of 1.00%.
Dividends
CMALX vs. RPFCX - Dividend Comparison
CMALX's dividend yield for the trailing twelve months is around 6.70%, more than RPFCX's 5.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMALX Crawford Multi-Asset Income Fund | 6.70% | 7.61% | 3.94% | 4.66% | 4.93% | 3.21% | 3.67% | 5.07% | 4.87% | 0.99% | 0.00% | 0.00% |
RPFCX Davis Appreciation & Income Fund | 5.67% | 6.09% | 1.11% | 2.91% | 2.63% | 0.28% | 0.78% | 2.03% | 1.09% | 0.83% | 1.09% | 1.19% |
Frequently Asked Questions
CMALX and RPFCX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMALX has higher volatility (2.35%) compared to RPFCX (2.02%). In terms of maximum drawdown, CMALX dropped -39.04% vs RPFCX's -56.39%.
RPFCX currently has the higher Sharpe Ratio (2.98 vs 1.69), 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.
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