DUSA vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Davis Select U.S. Equity ETF (DUSA) and S&P 500 Index (^GSPC).

DUSA is an actively managed fund by Davis Advisers. It was launched on Jan 11, 2017.

Performance

DUSA vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis Select U.S. Equity ETF (DUSA) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

DUSA vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUSA Davis Select U.S. Equity ETF	-0.45%	22.57%	20.43%	34.17%	-19.57%	17.71%	14.22%	30.54%	-11.93%	16.91%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	17.76%

Returns By Period

In the year-to-date period, DUSA achieves a -0.45% return, which is significantly higher than ^GSPC's -3.95% return.

DUSA

• 1D: 0.32%
• 1M: -2.75%
• YTD: -0.45%
• 6M: 6.94%
• 1Y: 21.13%
• 3Y*: 23.51%
• 5Y*: 10.35%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

DUSA vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DUSA

DUSA Risk / Return Rank: 66
DUSA Sharpe Ratio Rank: 61
DUSA Sortino Ratio Rank: 63
DUSA Omega Ratio Rank: 61
DUSA Calmar Ratio Rank: 72
DUSA Martin Ratio Rank: 70

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DUSA vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Select U.S. Equity ETF (DUSA) and S&P 500 Index (^GSPC). 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.

	DUSA	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.11	0.92	+0.20
Sortino ratio Return per unit of downside risk	1.66	1.41	+0.25
Omega ratio Gain probability vs. loss probability	1.24	1.21	+0.02
Calmar ratio Return relative to maximum drawdown	2.01	1.41	+0.59
Martin ratio Return relative to average drawdown	7.64	6.61	+1.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DUSA vs. ^GSPC - Sharpe Ratio Comparison

The current DUSA Sharpe Ratio is 1.11, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of DUSA and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DUSA	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	0.92	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.61	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.46	+0.15

Correlation

The correlation between DUSA and ^GSPC is 0.84, 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.

Drawdowns

DUSA vs. ^GSPC - Drawdown Comparison

The maximum DUSA drawdown since its inception was -36.71%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for DUSA and ^GSPC.

Drawdown Indicators

	DUSA	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-36.71%	-56.78%	+20.07%
Max Drawdown (1Y) Largest decline over 1 year	-10.66%	-12.14%	+1.48%
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	-25.43%	-5.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-5.32%	-5.78%	+0.46%
Average Drawdown Average peak-to-trough decline	-6.83%	-10.75%	+3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.60%	+0.20%

Volatility

DUSA vs. ^GSPC - Volatility Comparison

The current volatility for Davis Select U.S. Equity ETF (DUSA) is 4.20%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that DUSA experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUSA	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	5.37%	-1.17%
Volatility (6M) Calculated over the trailing 6-month period	9.97%	9.55%	+0.42%
Volatility (1Y) Calculated over the trailing 1-year period	19.07%	18.33%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.70%	16.90%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.00%	18.05%	+1.95%