DNVYX vs. RPEAX

Last updated Aug 5, 2026

DNVYX (Davis New York Venture Fund Class Y) and RPEAX (Davis Opportunity Fund) are both mutual funds - DNVYX is a Large Cap Growth Equities fund actively managed by Davis, while RPEAX is a Large Cap Blend Equities fund managed by Davis. Over the past 10 years, DNVYX returned 14.76%/yr vs 13.19%/yr for RPEAX. Their correlation of 0.90 means they have usually moved in the same direction. DNVYX charges 0.67%/yr vs 0.93%/yr for RPEAX.

Performance

DNVYX vs. RPEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis New York Venture Fund Class Y (DNVYX) and Davis Opportunity Fund (RPEAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DNVYX achieves a 15.22% return, which is significantly lower than RPEAX's 16.26% return. Over the past 10 years, DNVYX has outperformed RPEAX with an annualized return of 14.76%, while RPEAX has yielded a comparatively lower 13.19% annualized return.

DNVYX

• 1D: 1.01%
• 1M: 3.34%
• 6M: 10.27%
• YTD: 15.22%
• 1Y: 33.36%
• 3Y*: 26.89%
• 5Y*: 15.27%
• 10Y*: 14.76%
• ALL TIME*: 10.31%

RPEAX

• 1D: 1.30%
• 1M: 3.79%
• 6M: 11.77%
• YTD: 16.26%
• 1Y: 31.76%
• 3Y*: 25.83%
• 5Y*: 14.76%
• 10Y*: 13.19%
• ALL TIME*: 11.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DNVYX Davis New York Venture Fund Class Y	$0.00	$0.00	$0.00
RPEAX Davis Opportunity Fund	$0.00	$0.00	$0.00

DNVYX vs. RPEAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DNVYX Davis New York Venture Fund Class Y	15.22%	27.17%	31.80%	30.49%	-17.34%	12.74%	11.68%	31.35%	-12.79%	22.51%
RPEAX Davis Opportunity Fund	16.26%	21.86%	32.82%	22.21%	-14.12%	24.92%	12.78%	25.06%	-23.66%	23.09%

Correlation

The correlation between DNVYX and RPEAX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Oct 2, 1996	0.90

The correlation between DNVYX and RPEAX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

DNVYX vs. RPEAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DNVYX

DNVYX Risk / Return Rank: 95
DNVYX Sharpe Ratio Rank: 97
DNVYX Sortino Ratio Rank: 94
DNVYX Omega Ratio Rank: 92
DNVYX Calmar Ratio Rank: 95
DNVYX Martin Ratio Rank: 96

RPEAX

RPEAX Risk / Return Rank: 89
RPEAX Sharpe Ratio Rank: 94
RPEAX Sortino Ratio Rank: 91
RPEAX Omega Ratio Rank: 89
RPEAX Calmar Ratio Rank: 86
RPEAX Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DNVYX vs. RPEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis New York Venture Fund Class Y (DNVYX) and Davis Opportunity Fund (RPEAX). 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.

	DNVYX	RPEAX	Difference
Sharpe ratio: Return per unit of total volatility	2.83	2.59	+0.24
Sortino ratio: Return per unit of downside risk	3.82	3.46	+0.36
Omega ratio: Gain probability vs. loss probability	1.49	1.46	+0.03
Calmar ratio: Return relative to maximum drawdown	4.40	3.32	+1.08
Martin ratio: Return relative to average drawdown	17.42	12.12	+5.30

DNVYX vs. RPEAX - Sharpe Ratio Comparison

The current DNVYX Sharpe Ratio is 2.83, which is comparable to the RPEAX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of DNVYX and RPEAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DNVYX vs. RPEAX - Drawdown Comparison

The maximum DNVYX drawdown since its inception was -58.41%, roughly equal to the maximum RPEAX drawdown of -59.71%. Use the drawdown chart below to compare losses from any high point for DNVYX and RPEAX.

Drawdown Indicators

	DNVYX	RPEAX	Difference
Max Drawdown Largest peak-to-trough decline	-58.41%	-59.71%	+1.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-10.15%	+2.18%
Max Drawdown (3Y) Largest decline over 3 years	-21.44%	-25.44%	+4.00%
Max Drawdown (5Y) Largest decline over 5 years	-30.35%	-26.03%	-4.32%
Max Drawdown (10Y) Largest decline over 10 years	-36.97%	-39.78%	+2.81%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.39%	-10.43%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	2.78%	-0.77%

Volatility

DNVYX vs. RPEAX - Volatility Comparison

Davis New York Venture Fund Class Y (DNVYX) and Davis Opportunity Fund (RPEAX) have volatilities of 2.93% and 2.90%, 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.

Volatility by Period

	DNVYX	RPEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	2.90%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	8.84%	9.96%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	13.05%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.79%	24.51%	-2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	21.68%	-0.65%

DNVYX vs. RPEAX - Expense Ratio Comparison

DNVYX has a 0.67% expense ratio, which is lower than RPEAX's 0.93% expense ratio.

Dividends

DNVYX vs. RPEAX - Dividend Comparison

DNVYX's dividend yield for the trailing twelve months is around 9.22%, less than RPEAX's 11.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNVYX Davis New York Venture Fund Class Y	9.22%	11.15%	31.98%	7.88%	7.54%	21.48%	5.93%	7.63%	23.81%	8.39%	12.88%	22.87%
RPEAX Davis Opportunity Fund	11.97%	13.91%	33.00%	6.17%	8.47%	9.23%	2.88%	4.86%	0.64%	2.70%	2.44%	21.42%

Frequently Asked Questions

Can I hold both DNVYX and RPEAX in my portfolio?

With a correlation of 0.91, DNVYX and RPEAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DNVYX or RPEAX?

DNVYX has higher volatility (2.93%) compared to RPEAX (2.90%). In terms of maximum drawdown, DNVYX dropped -58.41% vs RPEAX's -59.71%.

Which has better risk-adjusted returns?

DNVYX currently has the higher Sharpe Ratio (2.83 vs 2.59), 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.