DGFAX vs. NYVTX
Compare and contrast key facts about Davis Global Fund (DGFAX) and Davis New York Venture Fund (NYVTX).
DGFAX is managed by Davis Funds. It was launched on Dec 21, 2004. NYVTX is managed by Davis Funds. It was launched on Feb 17, 1969.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGFAX or NYVTX.
Key characteristics
| DGFAX | NYVTX | |
|---|---|---|
| YTD Return | 17.25% | 16.07% |
| 1Y Return | 25.05% | 30.87% |
| 3Y Return (Ann) | 4.20% | 7.71% |
| 5Y Return (Ann) | 7.92% | 10.99% |
| 10Y Return (Ann) | 7.55% | 9.87% |
| Sharpe Ratio | 1.49 | 1.97 |
| Daily Std Dev | 15.48% | 14.41% |
| Max Drawdown | -65.64% | -58.56% |
| Current Drawdown | -7.62% | -1.14% |
Correlation
The correlation between DGFAX and NYVTX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DGFAX vs. NYVTX - Performance Comparison
In the year-to-date period, DGFAX achieves a 17.25% return, which is significantly higher than NYVTX's 16.07% return. Over the past 10 years, DGFAX has underperformed NYVTX with an annualized return of 7.55%, while NYVTX has yielded a comparatively higher 9.87% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DGFAX vs. NYVTX - Expense Ratio Comparison
DGFAX has a 0.96% expense ratio, which is higher than NYVTX's 0.89% expense ratio.
Risk-Adjusted Performance
DGFAX vs. NYVTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Davis Global Fund (DGFAX) and Davis New York Venture Fund (NYVTX). 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.
Dividends
DGFAX vs. NYVTX - Dividend Comparison
DGFAX's dividend yield for the trailing twelve months is around 0.92%, less than NYVTX's 12.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGFAX Davis Global Fund | 0.92% | 1.07% | 0.00% | 11.55% | 0.27% | 1.88% | 9.25% | 0.00% | 0.00% | 6.12% | 0.88% | 0.41% |
NYVTX Davis New York Venture Fund | 12.42% | 7.92% | 7.48% | 21.93% | 5.88% | 7.54% | 24.08% | 8.32% | 12.85% | 22.97% | 19.61% | 11.70% |
Drawdowns
DGFAX vs. NYVTX - Drawdown Comparison
The maximum DGFAX drawdown since its inception was -65.64%, which is greater than NYVTX's maximum drawdown of -58.56%. Use the drawdown chart below to compare losses from any high point for DGFAX and NYVTX. For additional features, visit the drawdowns tool.
Volatility
DGFAX vs. NYVTX - Volatility Comparison
Davis Global Fund (DGFAX) and Davis New York Venture Fund (NYVTX) have volatilities of 4.84% and 4.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.