RPEAX vs. NYVTX

Last updated Jun 24, 2026

RPEAX (Davis Opportunity Fund) and NYVTX (Davis New York Venture Fund) are both Large Cap Blend Equities funds from Davis Funds. Over the past 10 years, RPEAX returned 13.31%/yr vs 13.53%/yr for NYVTX. Their correlation of 0.89 suggests significant overlap in exposure. RPEAX charges 0.93%/yr vs 0.89%/yr for NYVTX.

Performance

RPEAX vs. NYVTX - 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 (NYVTX). 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 10.34% return and NYVTX slightly lower at 10.24%. Both investments have delivered pretty close results over the past 10 years, with RPEAX having a 13.31% annualized return and NYVTX not far ahead at 13.53%.

RPEAX

• 1D: -0.05%
• 1M: -0.21%
• YTD: 10.34%
• 6M: 9.98%
• 1Y: 26.29%
• 3Y*: 26.57%
• 5Y*: 13.57%
• 10Y*: 13.31%

NYVTX

• 1D: -0.44%
• 1M: -0.06%
• YTD: 10.24%
• 6M: 10.27%
• 1Y: 29.62%
• 3Y*: 23.30%
• 5Y*: 10.81%
• 10Y*: 13.53%

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

RPEAX vs. NYVTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPEAX Davis Opportunity Fund	10.34%	21.86%	32.82%	22.21%	-14.12%	24.92%	12.78%	25.06%	-23.66%	23.09%
NYVTX Davis New York Venture Fund	10.24%	26.83%	17.27%	30.14%	-17.54%	12.47%	11.42%	30.99%	-12.99%	22.18%

Correlation

The correlation between RPEAX and NYVTX 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	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 3, 1995	0.89

The correlation between RPEAX and NYVTX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

Return for Risk

RPEAX vs. NYVTX — Risk / Return Rank

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

RPEAX

RPEAX Risk / Return Rank: 52
RPEAX Sharpe Ratio Rank: 56
RPEAX Sortino Ratio Rank: 50
RPEAX Omega Ratio Rank: 52
RPEAX Calmar Ratio Rank: 53
RPEAX Martin Ratio Rank: 50

NYVTX

NYVTX Risk / Return Rank: 79
NYVTX Sharpe Ratio Rank: 80
NYVTX Sortino Ratio Rank: 75
NYVTX Omega Ratio Rank: 71
NYVTX Calmar Ratio Rank: 85
NYVTX Martin Ratio Rank: 84

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.

RPEAX vs. NYVTX - 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 (NYVTX). 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	NYVTX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.43	-0.39
Sortino ratio: Return per unit of downside risk	2.76	3.29	-0.53
Omega ratio: Gain probability vs. loss probability	1.36	1.43	-0.06
Calmar ratio: Return relative to maximum drawdown	2.69	3.82	-1.13
Martin ratio: Return relative to average drawdown	9.66	14.65	-4.99

RPEAX vs. NYVTX - Sharpe Ratio Comparison

The current RPEAX Sharpe Ratio is 2.04, which is comparable to the NYVTX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of RPEAX and NYVTX, 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. NYVTX - Drawdown Comparison

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

Drawdown Indicators

	RPEAX	NYVTX	Difference
Max Drawdown Largest peak-to-trough decline	-59.71%	-58.56%	-1.15%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-8.01%	-2.14%
Max Drawdown (3Y) Largest decline over 3 years	-25.44%	-21.77%	-3.67%
Max Drawdown (5Y) Largest decline over 5 years	-26.03%	-31.30%	+5.27%
Max Drawdown (10Y) Largest decline over 10 years	-39.78%	-36.98%	-2.80%
Current Drawdown Current decline from peak	-2.57%	-1.67%	-0.90%
Average Drawdown Average peak-to-trough decline	-10.46%	-10.16%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	2.09%	+0.73%

Volatility

RPEAX vs. NYVTX - Volatility Comparison

Davis Opportunity Fund (RPEAX) has a higher volatility of 3.94% compared to Davis New York Venture Fund (NYVTX) at 3.66%. This indicates that RPEAX's price experiences larger fluctuations and is considered to be riskier than NYVTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPEAX	NYVTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	3.66%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	9.14%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	12.63%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.56%	19.78%	+4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.76%	20.06%	+1.70%

RPEAX vs. NYVTX - Expense Ratio Comparison

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

Dividends

RPEAX vs. NYVTX - Dividend Comparison

RPEAX's dividend yield for the trailing twelve months is around 12.61%, more than NYVTX's 10.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NYVTX Davis New York Venture Fund	10.40%	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	12.61%	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 NYVTX in my portfolio?

With a correlation of 0.91, RPEAX and NYVTX 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 NYVTX?

RPEAX has higher volatility (3.94%) compared to NYVTX (3.66%). In terms of maximum drawdown, RPEAX dropped -59.71% vs NYVTX's -58.56%.

Which has better risk-adjusted returns?

NYVTX currently has the higher Sharpe Ratio (2.43 vs 2.04), 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.