NYVTX vs. RPEAX

Last updated Jun 5, 2026

NYVTX (Davis New York Venture Fund) and RPEAX (Davis Opportunity Fund) are both Large Cap Blend Equities funds from Davis Funds. Over the past 10 years, NYVTX returned 13.01%/yr vs 13.07%/yr for RPEAX. Their correlation of 0.89 suggests significant overlap in exposure. NYVTX charges 0.89%/yr vs 0.93%/yr for RPEAX.

Performance

NYVTX vs. RPEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis New York Venture Fund (NYVTX) 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, NYVTX achieves a 10.48% return, which is significantly lower than RPEAX's 12.14% return. Both investments have delivered pretty close results over the past 10 years, with NYVTX having a 13.01% annualized return and RPEAX not far ahead at 13.07%.

NYVTX

• 1D: -0.62%
• 1M: 1.30%
• YTD: 10.48%
• 6M: 13.29%
• 1Y: 32.54%
• 3Y*: 23.80%
• 5Y*: 10.15%
• 10Y*: 13.01%

RPEAX

• 1D: -0.98%
• 1M: 3.70%
• YTD: 12.14%
• 6M: 13.10%
• 1Y: 31.19%
• 3Y*: 27.71%
• 5Y*: 13.36%
• 10Y*: 13.07%

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

NYVTX vs. RPEAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NYVTX Davis New York Venture Fund	10.48%	26.83%	17.27%	30.14%	-17.54%	12.47%	11.42%	30.99%	-12.99%	22.18%
RPEAX Davis Opportunity Fund	12.14%	21.86%	32.82%	22.21%	-14.12%	24.92%	12.78%	25.06%	-23.66%	23.09%

Correlation

The correlation between NYVTX and RPEAX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 4, 1995	0.89

The correlation between NYVTX and RPEAX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

NYVTX vs. RPEAX — Risk / Return Rank

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

NYVTX

NYVTX Risk / Return Rank: 79
NYVTX Sharpe Ratio Rank: 80
NYVTX Sortino Ratio Rank: 74
NYVTX Omega Ratio Rank: 70
NYVTX Calmar Ratio Rank: 86
NYVTX Martin Ratio Rank: 85

RPEAX

RPEAX Risk / Return Rank: 64
RPEAX Sharpe Ratio Rank: 69
RPEAX Sortino Ratio Rank: 62
RPEAX Omega Ratio Rank: 62
RPEAX Calmar Ratio Rank: 68
RPEAX Martin Ratio Rank: 58

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.

NYVTX vs. RPEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis New York Venture Fund (NYVTX) 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.

	NYVTX	RPEAX	Difference
Sharpe ratio: Return per unit of total volatility	2.64	2.40	+0.24
Sortino ratio: Return per unit of downside risk	3.60	3.24	+0.36
Omega ratio: Gain probability vs. loss probability	1.47	1.43	+0.04
Calmar ratio: Return relative to maximum drawdown	4.10	3.11	+0.99
Martin ratio: Return relative to average drawdown	15.85	11.31	+4.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NYVTX vs. RPEAX - Sharpe Ratio Comparison

The current NYVTX Sharpe Ratio is 2.64, which is comparable to the RPEAX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of NYVTX 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.

Sharpe Ratios by Period

	NYVTX	RPEAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	2.40	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.55	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.60	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.56	-0.07

Drawdowns

NYVTX vs. RPEAX - Drawdown Comparison

The maximum NYVTX drawdown since its inception was -58.56%, roughly equal to the maximum RPEAX drawdown of -59.71%. Use the drawdown chart below to compare losses from any high point for NYVTX and RPEAX.

Drawdown Indicators

	NYVTX	RPEAX	Difference
Max Drawdown Largest peak-to-trough decline	-58.56%	-59.71%	+1.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.01%	-10.15%	+2.14%
Max Drawdown (3Y) Largest decline over 3 years	-21.77%	-25.44%	+3.67%
Max Drawdown (5Y) Largest decline over 5 years	-32.17%	-26.03%	-6.14%
Max Drawdown (10Y) Largest decline over 10 years	-36.98%	-39.78%	+2.80%
Current Drawdown Current decline from peak	-0.75%	-0.98%	+0.23%
Average Drawdown Average peak-to-trough decline	-10.17%	-10.48%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.78%	-0.71%

Volatility

NYVTX vs. RPEAX - Volatility Comparison

The current volatility for Davis New York Venture Fund (NYVTX) is 2.77%, while Davis Opportunity Fund (RPEAX) has a volatility of 3.36%. This indicates that NYVTX experiences smaller price fluctuations and is considered to be less risky than RPEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NYVTX	RPEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	3.36%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	8.77%	9.69%	-0.92%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	13.16%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	24.53%	-4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.04%	21.74%	-1.70%

NYVTX vs. RPEAX - Expense Ratio Comparison

NYVTX has a 0.89% expense ratio, which is lower than RPEAX's 0.93% expense ratio.

Dividends

NYVTX vs. RPEAX - Dividend Comparison

NYVTX's dividend yield for the trailing twelve months is around 10.37%, less than RPEAX's 12.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NYVTX Davis New York Venture Fund	10.37%	11.46%	21.31%	7.92%	7.48%	21.93%	5.88%	7.54%	24.08%	8.32%	12.85%	22.97%
RPEAX Davis Opportunity Fund	12.41%	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 NYVTX and RPEAX in my portfolio?

With a correlation of 0.91, NYVTX 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, NYVTX or RPEAX?

RPEAX has higher volatility (3.36%) compared to NYVTX (2.77%). In terms of maximum drawdown, NYVTX dropped -58.56% vs RPEAX's -59.71%.

Which has better risk-adjusted returns?

NYVTX currently has the higher Sharpe Ratio (2.64 vs 2.40), 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.