NQCFX vs. DNVYX

Last updated Jun 24, 2026

NQCFX (Northquest Capital Fund) and DNVYX (Davis New York Venture Fund Class Y) are both Large Cap Growth Equities funds. Over the past 10 years, NQCFX returned 11.94%/yr vs 15.12%/yr for DNVYX. Their correlation of 0.82 suggests significant overlap in exposure. NQCFX charges 1.47%/yr vs 0.67%/yr for DNVYX.

Performance

NQCFX vs. DNVYX - Performance Comparison

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

Returns By Period

In the year-to-date period, NQCFX achieves a 22.33% return, which is significantly higher than DNVYX's 10.33% return. Over the past 10 years, NQCFX has underperformed DNVYX with an annualized return of 11.94%, while DNVYX has yielded a comparatively higher 15.12% annualized return.

NQCFX

• 1D: 1.07%
• 1M: 6.55%
• YTD: 22.33%
• 6M: 20.91%
• 1Y: 32.87%
• 3Y*: 17.45%
• 5Y*: 9.61%
• 10Y*: 11.94%

DNVYX

• 1D: -0.44%
• 1M: -0.06%
• YTD: 10.33%
• 6M: 10.36%
• 1Y: 29.89%
• 3Y*: 28.40%
• 5Y*: 13.66%
• 10Y*: 15.12%

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

NQCFX vs. DNVYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NQCFX Northquest Capital Fund	22.33%	10.85%	7.08%	27.28%	-26.10%	32.62%	19.65%	35.76%	-2.05%	14.23%
DNVYX Davis New York Venture Fund Class Y	10.33%	27.17%	31.80%	30.49%	-17.34%	12.74%	11.68%	31.35%	-12.79%	22.51%

Correlation

The correlation between NQCFX and DNVYX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Mar 21, 2002	0.82

The correlation between NQCFX and DNVYX shifts across timeframes, from 0.67 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NQCFX vs. DNVYX — Risk / Return Rank

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

NQCFX

NQCFX Risk / Return Rank: 58
NQCFX Sharpe Ratio Rank: 55
NQCFX Sortino Ratio Rank: 52
NQCFX Omega Ratio Rank: 48
NQCFX Calmar Ratio Rank: 73
NQCFX Martin Ratio Rank: 62

DNVYX

DNVYX Risk / Return Rank: 80
DNVYX Sharpe Ratio Rank: 81
DNVYX Sortino Ratio Rank: 76
DNVYX Omega Ratio Rank: 72
DNVYX Calmar Ratio Rank: 85
DNVYX Martin Ratio Rank: 85

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.

NQCFX vs. DNVYX - Risk-Adjusted Trends Comparison

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

	NQCFX	DNVYX	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.45	-0.44
Sortino ratio: Return per unit of downside risk	2.79	3.32	-0.53
Omega ratio: Gain probability vs. loss probability	1.35	1.43	-0.08
Calmar ratio: Return relative to maximum drawdown	3.16	3.88	-0.72
Martin ratio: Return relative to average drawdown	11.47	14.88	-3.42

NQCFX vs. DNVYX - Sharpe Ratio Comparison

The current NQCFX Sharpe Ratio is 2.00, which is comparable to the DNVYX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of NQCFX and DNVYX, 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

NQCFX vs. DNVYX - Drawdown Comparison

The maximum NQCFX drawdown since its inception was -97.46%, which is greater than DNVYX's maximum drawdown of -58.41%. Use the drawdown chart below to compare losses from any high point for NQCFX and DNVYX.

Drawdown Indicators

	NQCFX	DNVYX	Difference
Max Drawdown Largest peak-to-trough decline	-97.46%	-58.41%	-39.05%
Max Drawdown (1Y) Largest decline over 1 year	-11.09%	-7.97%	-3.12%
Max Drawdown (3Y) Largest decline over 3 years	-97.46%	-21.44%	-76.02%
Max Drawdown (5Y) Largest decline over 5 years	-97.46%	-31.09%	-66.37%
Max Drawdown (10Y) Largest decline over 10 years	-97.46%	-36.97%	-60.49%
Current Drawdown Current decline from peak	-96.05%	-1.69%	-94.36%
Average Drawdown Average peak-to-trough decline	-14.53%	-9.43%	-5.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.07%	+0.98%

Volatility

NQCFX vs. DNVYX - Volatility Comparison

Northquest Capital Fund (NQCFX) has a higher volatility of 7.59% compared to Davis New York Venture Fund Class Y (DNVYX) at 3.66%. This indicates that NQCFX's price experiences larger fluctuations and is considered to be riskier than DNVYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NQCFX	DNVYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.59%	3.66%	+3.93%
Volatility (6M) Calculated over the trailing 6-month period	14.87%	9.11%	+5.76%
Volatility (1Y) Calculated over the trailing 1-year period	17.50%	12.64%	+4.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,579.09%	21.92%	+1,557.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,116.65%	21.14%	+1,095.51%

NQCFX vs. DNVYX - Expense Ratio Comparison

NQCFX has a 1.47% expense ratio, which is higher than DNVYX's 0.67% expense ratio.

Dividends

NQCFX vs. DNVYX - Dividend Comparison

NQCFX's dividend yield for the trailing twelve months is around 1.25%, less than DNVYX's 10.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNVYX Davis New York Venture Fund Class Y	10.11%	11.15%	31.98%	7.88%	7.54%	21.48%	5.93%	7.63%	23.81%	8.39%	12.88%	22.87%
NQCFX Northquest Capital Fund	1.25%	1.53%	0.00%	0.97%	1.13%	6.41%	11.55%	3.07%	6.04%	0.00%	0.00%	3.42%

Frequently Asked Questions

Can I hold both NQCFX and DNVYX in my portfolio?

NQCFX and DNVYX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NQCFX or DNVYX?

NQCFX has higher volatility (7.59%) compared to DNVYX (3.66%). In terms of maximum drawdown, NQCFX dropped -97.46% vs DNVYX's -58.41%.

Which has better risk-adjusted returns?

DNVYX currently has the higher Sharpe Ratio (2.45 vs 2.00), 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.