RPEAX vs. DNVYX

Last updated Aug 4, 2026

RPEAX (Davis Opportunity Fund) and DNVYX (Davis New York Venture Fund Class Y) are both mutual funds - RPEAX is a Large Cap Blend Equities fund managed by Davis, while DNVYX is a Large Cap Growth Equities fund actively managed by Davis. Over the past 10 years, RPEAX returned 13.19%/yr vs 14.86%/yr for DNVYX. Their correlation of 0.90 means they have usually moved in the same direction. RPEAX charges 0.93%/yr vs 0.67%/yr for DNVYX.

Performance

RPEAX vs. DNVYX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with RPEAX having a 14.77% return and DNVYX slightly lower at 14.07%. Over the past 10 years, RPEAX has underperformed DNVYX with an annualized return of 13.19%, while DNVYX has yielded a comparatively higher 14.86% annualized return.

RPEAX

• 1D: -0.22%
• 1M: 2.46%
• 6M: 10.82%
• YTD: 14.77%
• 1Y: 31.86%
• 3Y*: 24.76%
• 5Y*: 14.58%
• 10Y*: 13.19%
• ALL TIME*: 11.53%

DNVYX

• 1D: 0.65%
• 1M: 2.31%
• 6M: 9.75%
• YTD: 14.07%
• 1Y: 33.55%
• 3Y*: 25.94%
• 5Y*: 15.07%
• 10Y*: 14.86%
• ALL TIME*: 10.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DNVYX Davis New York Venture Fund Class Y	$0.00	$0.00	$0.00
RPEAX Davis Opportunity Fund	$0.00	$0.00	$0.00

RPEAX vs. DNVYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPEAX Davis Opportunity Fund	14.77%	21.86%	32.82%	22.21%	-14.12%	24.92%	12.78%	25.06%	-23.66%	23.09%
DNVYX Davis New York Venture Fund Class Y	14.07%	27.17%	31.80%	30.49%	-17.34%	12.74%	11.68%	31.35%	-12.79%	22.51%

Correlation

The correlation between RPEAX and DNVYX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Oct 2, 1996	0.90

The correlation between RPEAX and DNVYX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

RPEAX vs. DNVYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RPEAX

RPEAX Risk / Return Rank: 85
RPEAX Sharpe Ratio Rank: 90
RPEAX Sortino Ratio Rank: 85
RPEAX Omega Ratio Rank: 83
RPEAX Calmar Ratio Rank: 83
RPEAX Martin Ratio Rank: 82

DNVYX

DNVYX Risk / Return Rank: 91
DNVYX Sharpe Ratio Rank: 94
DNVYX Sortino Ratio Rank: 89
DNVYX Omega Ratio Rank: 86
DNVYX Calmar Ratio Rank: 93
DNVYX Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RPEAX vs. DNVYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Opportunity Fund (RPEAX) 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.

	RPEAX	DNVYX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.47	-0.19
Sortino ratio: Return per unit of downside risk	3.07	3.34	-0.27
Omega ratio: Gain probability vs. loss probability	1.41	1.43	-0.02
Calmar ratio: Return relative to maximum drawdown	2.94	3.89	-0.94
Martin ratio: Return relative to average drawdown	10.73	15.39	-4.66

RPEAX vs. DNVYX - Sharpe Ratio Comparison

The current RPEAX Sharpe Ratio is 2.28, which is comparable to the DNVYX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of RPEAX 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

RPEAX vs. DNVYX - Drawdown Comparison

The maximum RPEAX drawdown since its inception was -59.71%, roughly equal to the maximum DNVYX drawdown of -58.41%. Use the drawdown chart below to compare losses from any high point for RPEAX and DNVYX.

Drawdown Indicators

	RPEAX	DNVYX	Difference
Max Drawdown Largest peak-to-trough decline	-59.71%	-58.41%	-1.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-7.97%	-2.18%
Max Drawdown (3Y) Largest decline over 3 years	-25.44%	-21.44%	-4.00%
Max Drawdown (5Y) Largest decline over 5 years	-26.03%	-30.35%	+4.32%
Max Drawdown (10Y) Largest decline over 10 years	-39.78%	-36.97%	-2.81%
Current Drawdown Current decline from peak	-0.24%	0.00%	-0.24%
Average Drawdown Average peak-to-trough decline	-10.43%	-9.39%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	2.01%	+0.77%

Volatility

RPEAX vs. DNVYX - Volatility Comparison

The current volatility for Davis Opportunity Fund (RPEAX) is 2.65%, while Davis New York Venture Fund Class Y (DNVYX) has a volatility of 2.80%. This indicates that RPEAX experiences smaller price fluctuations and is considered to be less risky than DNVYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPEAX	DNVYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.80%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	8.83%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	13.15%	12.54%	+0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.49%	21.77%	+2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.67%	21.02%	+0.65%

RPEAX vs. DNVYX - Expense Ratio Comparison

RPEAX has a 0.93% expense ratio, which is higher than DNVYX's 0.67% expense ratio.

Dividends

RPEAX vs. DNVYX - Dividend Comparison

RPEAX's dividend yield for the trailing twelve months is around 12.12%, more than DNVYX's 9.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNVYX Davis New York Venture Fund Class Y	9.31%	11.15%	31.98%	7.88%	7.54%	21.48%	5.93%	7.63%	23.81%	8.39%	12.88%	22.87%
RPEAX Davis Opportunity Fund	12.12%	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 RPEAX and DNVYX in my portfolio?

With a correlation of 0.91, RPEAX and DNVYX 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, RPEAX or DNVYX?

DNVYX has higher volatility (2.80%) compared to RPEAX (2.65%). In terms of maximum drawdown, RPEAX dropped -59.71% vs DNVYX's -58.41%.

Which has better risk-adjusted returns?

DNVYX currently has the higher Sharpe Ratio (2.47 vs 2.28), 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.