NYVTX vs. DGFAX
Compare and contrast key facts about Davis New York Venture Fund (NYVTX) and Davis Global Fund (DGFAX).
NYVTX is managed by Davis Funds. It was launched on Feb 17, 1969. DGFAX is managed by Davis Funds. It was launched on Dec 21, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NYVTX or DGFAX.
Key characteristics
| NYVTX | DGFAX | |
|---|---|---|
| YTD Return | 16.07% | 17.25% |
| 1Y Return | 30.87% | 25.05% |
| 3Y Return (Ann) | 7.71% | 4.20% |
| 5Y Return (Ann) | 10.99% | 7.92% |
| 10Y Return (Ann) | 9.87% | 7.55% |
| Sharpe Ratio | 1.97 | 1.49 |
| Daily Std Dev | 14.41% | 15.48% |
| Max Drawdown | -58.56% | -65.64% |
| Current Drawdown | -1.14% | -7.62% |
Correlation
The correlation between NYVTX and DGFAX is 0.89, 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.
Performance
NYVTX vs. DGFAX - Performance Comparison
In the year-to-date period, NYVTX achieves a 16.07% return, which is significantly lower than DGFAX's 17.25% return. Over the past 10 years, NYVTX has outperformed DGFAX with an annualized return of 9.87%, while DGFAX has yielded a comparatively lower 7.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NYVTX vs. DGFAX - Expense Ratio Comparison
NYVTX has a 0.89% expense ratio, which is lower than DGFAX's 0.96% expense ratio.
Risk-Adjusted Performance
NYVTX vs. DGFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Davis New York Venture Fund (NYVTX) and Davis Global Fund (DGFAX). 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.
Dividends
NYVTX vs. DGFAX - Dividend Comparison
NYVTX's dividend yield for the trailing twelve months is around 12.42%, more than DGFAX's 0.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYVTX Davis New York Venture Fund | 12.42% | 7.92% | 7.48% | 21.93% | 5.88% | 7.54% | 24.08% | 8.32% | 12.85% | 22.97% | 19.61% | 11.70% |
DGFAX Davis Global Fund | 0.92% | 1.07% | 0.00% | 11.55% | 0.27% | 1.88% | 9.25% | 0.00% | 0.00% | 6.12% | 0.88% | 0.41% |
Drawdowns
NYVTX vs. DGFAX - Drawdown Comparison
The maximum NYVTX drawdown since its inception was -58.56%, smaller than the maximum DGFAX drawdown of -65.64%. Use the drawdown chart below to compare losses from any high point for NYVTX and DGFAX. For additional features, visit the drawdowns tool.
Volatility
NYVTX vs. DGFAX - Volatility Comparison
Davis New York Venture Fund (NYVTX) and Davis Global Fund (DGFAX) have volatilities of 4.65% and 4.84%, 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.