DGFAX vs. SPYI.DE
Compare and contrast key facts about Davis Global Fund (DGFAX) and SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE).
DGFAX is managed by Davis Funds. It was launched on Dec 21, 2004. SPYI.DE is a passively managed fund by State Street that tracks the performance of the MSCI All Country World Investable Market (ACWI IMI). It was launched on May 13, 2011.
Performance
DGFAX vs. SPYI.DE - Performance Comparison
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DGFAX vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGFAX Davis Global Fund | -7.22% | 31.85% | 22.59% | 17.22% | -16.53% | -5.15% | 23.06% | 31.61% | -20.73% | 33.33% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | -1.25% | 23.16% | 15.89% | 21.26% | -17.70% | 17.67% | 15.69% | 26.91% | -11.10% | 23.79% |
Different Trading Currencies
DGFAX is traded in USD, while SPYI.DE is traded in EUR. To make them comparable, the SPYI.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DGFAX achieves a -7.22% return, which is significantly lower than SPYI.DE's -1.25% return. Over the past 10 years, DGFAX has underperformed SPYI.DE with an annualized return of 10.16%, while SPYI.DE has yielded a comparatively higher 11.36% annualized return.
DGFAX
- 1D
- 2.60%
- 1M
- -5.81%
- YTD
- -7.22%
- 6M
- -3.12%
- 1Y
- 17.07%
- 3Y*
- 18.61%
- 5Y*
- 4.57%
- 10Y*
- 10.16%
SPYI.DE
- 1D
- 2.60%
- 1M
- -4.18%
- YTD
- -1.25%
- 6M
- 2.55%
- 1Y
- 22.97%
- 3Y*
- 17.06%
- 5Y*
- 9.32%
- 10Y*
- 11.36%
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DGFAX vs. SPYI.DE - Expense Ratio Comparison
DGFAX has a 0.96% expense ratio, which is higher than SPYI.DE's 0.17% expense ratio.
Return for Risk
DGFAX vs. SPYI.DE — Risk / Return Rank
DGFAX
SPYI.DE
DGFAX vs. SPYI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Davis Global Fund (DGFAX) and SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE). 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 | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.38 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.94 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.24 | -0.95 |
Martin ratioReturn relative to average drawdown | 4.46 | 9.98 | -5.52 |
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 | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.38 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.60 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.72 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.65 | -0.25 |
Correlation
The correlation between DGFAX and SPYI.DE is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DGFAX vs. SPYI.DE - Dividend Comparison
DGFAX's dividend yield for the trailing twelve months is around 8.44%, while SPYI.DE has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGFAX Davis Global Fund | 8.44% | 7.83% | 13.06% | 1.07% | 0.00% | 11.55% | 0.27% | 1.88% | 9.25% | 0.00% | 0.00% | 6.12% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DGFAX vs. SPYI.DE - Drawdown Comparison
The maximum DGFAX drawdown since its inception was -65.64%, which is greater than SPYI.DE's maximum drawdown of -35.07%. Use the drawdown chart below to compare losses from any high point for DGFAX and SPYI.DE.
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Drawdown Indicators
| DGFAX | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.64% | -34.60% | -31.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -13.59% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -42.47% | -21.66% | -20.81% |
Max Drawdown (10Y)Largest decline over 10 years | -42.47% | -34.60% | -7.87% |
Current DrawdownCurrent decline from peak | -10.07% | -3.90% | -6.17% |
Average DrawdownAverage peak-to-trough decline | -14.78% | -4.39% | -10.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 1.97% | +1.92% |
Volatility
DGFAX vs. SPYI.DE - Volatility Comparison
Davis Global Fund (DGFAX) has a higher volatility of 6.23% compared to SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) at 5.23%. This indicates that DGFAX's price experiences larger fluctuations and is considered to be riskier than SPYI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGFAX | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.23% | 5.23% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 9.16% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.05% | 16.57% | +2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.50% | 15.38% | +5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 16.04% | +3.92% |