DGFAX vs. RFBAX
Compare and contrast key facts about Davis Global Fund (DGFAX) and Davis Government Bond Fund (RFBAX).
DGFAX is managed by Davis Funds. It was launched on Dec 21, 2004. RFBAX is managed by Davis Funds. It was launched on Nov 30, 1994.
Performance
DGFAX vs. RFBAX - Performance Comparison
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DGFAX vs. RFBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGFAX Davis Global Fund | -9.57% | 31.85% | 22.59% | 17.22% | -16.53% | -5.15% | 23.06% | 31.61% | -20.73% | 33.33% |
RFBAX Davis Government Bond Fund | 0.32% | 4.49% | 4.33% | 3.63% | -5.29% | -1.48% | 1.69% | 3.23% | 0.42% | 0.21% |
Returns By Period
In the year-to-date period, DGFAX achieves a -9.57% return, which is significantly lower than RFBAX's 0.32% return. Over the past 10 years, DGFAX has outperformed RFBAX with an annualized return of 9.87%, while RFBAX has yielded a comparatively lower 1.03% annualized return.
DGFAX
- 1D
- 0.43%
- 1M
- -9.00%
- YTD
- -9.57%
- 6M
- -5.02%
- 1Y
- 14.67%
- 3Y*
- 17.60%
- 5Y*
- 4.44%
- 10Y*
- 9.87%
RFBAX
- 1D
- 0.00%
- 1M
- -0.39%
- YTD
- 0.32%
- 6M
- 0.87%
- 1Y
- 3.01%
- 3Y*
- 3.84%
- 5Y*
- 1.21%
- 10Y*
- 1.03%
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DGFAX vs. RFBAX - Expense Ratio Comparison
DGFAX has a 0.96% expense ratio, which is lower than RFBAX's 1.00% expense ratio.
Return for Risk
DGFAX vs. RFBAX — Risk / Return Rank
DGFAX
RFBAX
DGFAX vs. RFBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Davis Global Fund (DGFAX) and Davis Government Bond Fund (RFBAX). 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.
| DGFAX | RFBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 1.81 | -1.04 |
Sortino ratioReturn per unit of downside risk | 1.14 | 2.96 | -1.82 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.49 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 4.51 | -3.64 |
Martin ratioReturn relative to average drawdown | 3.04 | 15.32 | -12.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DGFAX | RFBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.81 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.59 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.58 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.04 | -0.65 |
Correlation
The correlation between DGFAX and RFBAX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DGFAX vs. RFBAX - Dividend Comparison
DGFAX's dividend yield for the trailing twelve months is around 8.66%, more than RFBAX's 2.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGFAX Davis Global Fund | 8.66% | 7.83% | 13.06% | 1.07% | 0.00% | 11.55% | 0.27% | 1.88% | 9.25% | 0.00% | 0.00% | 6.12% |
RFBAX Davis Government Bond Fund | 2.77% | 3.01% | 3.23% | 2.15% | 0.80% | 0.57% | 0.93% | 1.67% | 1.17% | 0.59% | 0.68% | 0.75% |
Drawdowns
DGFAX vs. RFBAX - Drawdown Comparison
The maximum DGFAX drawdown since its inception was -65.64%, which is greater than RFBAX's maximum drawdown of -8.03%. Use the drawdown chart below to compare losses from any high point for DGFAX and RFBAX.
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Drawdown Indicators
| DGFAX | RFBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.64% | -8.03% | -57.61% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -0.77% | -12.70% |
Max Drawdown (5Y)Largest decline over 5 years | -42.47% | -7.61% | -34.86% |
Max Drawdown (10Y)Largest decline over 10 years | -42.47% | -8.03% | -34.44% |
Current DrawdownCurrent decline from peak | -12.34% | -0.58% | -11.76% |
Average DrawdownAverage peak-to-trough decline | -14.78% | -1.19% | -13.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 0.23% | +3.61% |
Volatility
DGFAX vs. RFBAX - Volatility Comparison
Davis Global Fund (DGFAX) has a higher volatility of 5.48% compared to Davis Government Bond Fund (RFBAX) at 0.48%. This indicates that DGFAX's price experiences larger fluctuations and is considered to be riskier than RFBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGFAX | RFBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 0.48% | +5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 1.19% | +9.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 1.93% | +16.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.47% | 2.06% | +18.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.95% | 1.78% | +18.17% |