FLC vs. RPFGX

Last updated Apr 2, 2026

Compare and contrast key facts about Flaherty & Crumrine Total Return Fund Inc (FLC) and Davis Financial Fund (RPFGX).

FLC is an actively managed fund by Flaherty & Crumrine. It was launched on Aug 29, 2003. RPFGX is managed by BlackRock. It was launched on May 1, 1991.

Performance

FLC vs. RPFGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Flaherty & Crumrine Total Return Fund Inc (FLC) and Davis Financial Fund (RPFGX). The values are adjusted to include any dividend payments, if applicable.

FLC vs. RPFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLC Flaherty & Crumrine Total Return Fund Inc	-2.38%	12.38%	23.05%	-0.83%	-25.11%	2.82%	14.12%	38.65%	-14.14%	17.00%
RPFGX Davis Financial Fund	-8.77%	29.28%	29.54%	15.60%	-8.91%	31.45%	-5.87%	26.51%	-11.74%	19.24%

Returns By Period

In the year-to-date period, FLC achieves a -2.38% return, which is significantly higher than RPFGX's -8.77% return. Over the past 10 years, FLC has underperformed RPFGX with an annualized return of 5.44%, while RPFGX has yielded a comparatively higher 12.09% annualized return.

FLC

• 1D: 1.08%
• 1M: -4.71%
• YTD: -2.38%
• 6M: -2.35%
• 1Y: 7.40%
• 3Y*: 12.19%
• 5Y*: -0.41%
• 10Y*: 5.44%

RPFGX

• 1D: 2.67%
• 1M: -4.54%
• YTD: -8.77%
• 6M: -0.81%
• 1Y: 14.10%
• 3Y*: 22.32%
• 5Y*: 12.12%
• 10Y*: 12.09%

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

FLC vs. RPFGX - Expense Ratio Comparison

FLC has a 1.64% expense ratio, which is higher than RPFGX's 0.94% expense ratio.

FLC

Flaherty & Crumrine Total Return Fund Inc

RPFGX

Davis Financial Fund

Return for Risk

FLC vs. RPFGX — Risk / Return Rank

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

FLC

FLC Risk / Return Rank: 21
FLC Sharpe Ratio Rank: 20
FLC Sortino Ratio Rank: 16
FLC Omega Ratio Rank: 24
FLC Calmar Ratio Rank: 21
FLC Martin Ratio Rank: 23

RPFGX

RPFGX Risk / Return Rank: 28
RPFGX Sharpe Ratio Rank: 28
RPFGX Sortino Ratio Rank: 26
RPFGX Omega Ratio Rank: 27
RPFGX Calmar Ratio Rank: 34
RPFGX Martin Ratio Rank: 27

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.

FLC vs. RPFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Flaherty & Crumrine Total Return Fund Inc (FLC) and Davis Financial Fund (RPFGX). 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.

	FLC	RPFGX	Difference
Sharpe ratio Return per unit of total volatility	0.65	0.73	-0.08
Sortino ratio Return per unit of downside risk	0.87	1.07	-0.20
Omega ratio Gain probability vs. loss probability	1.16	1.16	0.00
Calmar ratio Return relative to maximum drawdown	0.85	1.01	-0.16
Martin ratio Return relative to average drawdown	3.23	3.23	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLC vs. RPFGX - Sharpe Ratio Comparison

The current FLC Sharpe Ratio is 0.65, which is comparable to the RPFGX Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of FLC and RPFGX, 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

	FLC	RPFGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	0.73	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.63	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.54	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.57	-0.29

Correlation

The correlation between FLC and RPFGX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FLC vs. RPFGX - Dividend Comparison

FLC's dividend yield for the trailing twelve months is around 7.28%, more than RPFGX's 4.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLC Flaherty & Crumrine Total Return Fund Inc	7.28%	6.81%	6.62%	7.38%	8.95%	6.86%	6.27%	6.31%	8.34%	7.22%	8.20%	8.51%
RPFGX Davis Financial Fund	4.36%	3.98%	4.19%	6.96%	3.41%	6.60%	5.60%	7.96%	8.93%	2.32%	1.68%	2.26%

Drawdowns

FLC vs. RPFGX - Drawdown Comparison

The maximum FLC drawdown since its inception was -76.79%, which is greater than RPFGX's maximum drawdown of -67.11%. Use the drawdown chart below to compare losses from any high point for FLC and RPFGX.

Drawdown Indicators

	FLC	RPFGX	Difference
Max Drawdown Largest peak-to-trough decline	-76.79%	-67.11%	-9.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-14.54%	+5.85%
Max Drawdown (5Y) Largest decline over 5 years	-40.14%	-26.86%	-13.28%
Max Drawdown (10Y) Largest decline over 10 years	-55.27%	-45.24%	-10.03%
Current Drawdown Current decline from peak	-5.76%	-11.61%	+5.85%
Average Drawdown Average peak-to-trough decline	-10.92%	-9.87%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	4.55%	-2.26%

Volatility

FLC vs. RPFGX - Volatility Comparison

The current volatility for Flaherty & Crumrine Total Return Fund Inc (FLC) is 4.46%, while Davis Financial Fund (RPFGX) has a volatility of 5.06%. This indicates that FLC experiences smaller price fluctuations and is considered to be less risky than RPFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLC	RPFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	5.06%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	5.88%	11.48%	-5.60%
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	19.12%	-7.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	19.28%	-5.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.05%	22.29%	-0.24%