PMEFX vs. RPFCX
PMEFX (Penn Mutual AM 1847 Income Fund) and RPFCX (Davis Appreciation & Income Fund) are both Diversified Portfolio funds. Over the past 5 years, PMEFX returned 2.89%/yr vs 10.04%/yr for RPFCX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. PMEFX charges 0.65%/yr vs 1.00%/yr for RPFCX.
Performance
PMEFX vs. RPFCX - Performance Comparison
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Returns By Period
PMEFX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.78%
- 3Y*
- 4.63%
- 5Y*
- 2.89%
- 10Y*
- —
- ALL TIME*
- 5.31%
RPFCX
- 1D
- -0.63%
- 1M
- 2.36%
- 6M
- 10.75%
- YTD
- 13.90%
- 1Y
- 26.53%
- 3Y*
- 16.49%
- 5Y*
- 10.04%
- 10Y*
- 10.64%
- ALL TIME*
- 8.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMEFX vs. RPFCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PMEFX Penn Mutual AM 1847 Income Fund | 0.00% | 1.11% | 9.80% | 9.80% | -4.30% | 9.78% | 6.47% |
RPFCX Davis Appreciation & Income Fund | 13.90% | 20.90% | 9.10% | 23.00% | -15.65% | 25.74% | 16.70% |
Correlation
The correlation between PMEFX and RPFCX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.68 |
Over the past year, the correlation between PMEFX and RPFCX has dropped to 0.23 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
PMEFX vs. RPFCX — Risk / Return Rank
PMEFX
RPFCX
PMEFX vs. RPFCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Penn Mutual AM 1847 Income Fund (PMEFX) and Davis Appreciation & Income Fund (RPFCX). 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.
| PMEFX | RPFCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.61 | ||
| Sortino ratioReturn per unit of downside risk | -4.91 | ||
| Omega ratioGain probability vs. loss probability | 0.68 | 1.54 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 3.98 | -4.65 |
| Martin ratioReturn relative to average drawdown | -0.83 | 15.83 | -16.67 |
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Drawdowns
PMEFX vs. RPFCX - Drawdown Comparison
The maximum PMEFX drawdown since its inception was -13.27%, smaller than the maximum RPFCX drawdown of -56.39%. Use the drawdown chart below to compare losses from any high point for PMEFX and RPFCX.
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Drawdown Indicators
| PMEFX | RPFCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -56.39% | +43.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -6.76% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -14.82% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -12.12% | -25.63% | +13.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.72% | — |
Current DrawdownCurrent decline from peak | -7.19% | -0.63% | -6.56% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -7.40% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 1.70% | +3.60% |
Volatility
PMEFX vs. RPFCX - Volatility Comparison
The current volatility for Penn Mutual AM 1847 Income Fund (PMEFX) is 0.00%, while Davis Appreciation & Income Fund (RPFCX) has a volatility of 2.03%. This indicates that PMEFX experiences smaller price fluctuations and is considered to be less risky than RPFCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMEFX | RPFCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 2.03% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 6.74% | -6.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 9.06% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 14.04% | -6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.61% | 14.76% | -7.15% |
PMEFX vs. RPFCX - Expense Ratio Comparison
PMEFX has a 0.65% expense ratio, which is lower than RPFCX's 1.00% expense ratio.
Dividends
PMEFX vs. RPFCX - Dividend Comparison
PMEFX's dividend yield for the trailing twelve months is around 5.89%, more than RPFCX's 5.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMEFX Penn Mutual AM 1847 Income Fund | 5.89% | 8.73% | 6.16% | 4.41% | 3.25% | 13.55% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RPFCX Davis Appreciation & Income Fund | 5.68% | 6.09% | 1.11% | 2.91% | 2.63% | 0.28% | 0.78% | 2.03% | 1.09% | 0.83% | 1.09% | 1.19% |
Frequently Asked Questions
PMEFX and RPFCX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPFCX has higher volatility (2.03%) compared to PMEFX (0.00%). In terms of maximum drawdown, PMEFX dropped -13.27% vs RPFCX's -56.39%.
RPFCX currently has the higher Sharpe Ratio (2.97 vs -0.64), 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.
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