RPFCX vs. SLASX
RPFCX (Davis Appreciation & Income Fund) and SLASX (Selected American Shares Fund) are both mutual funds - RPFCX is a Diversified Portfolio fund managed by Davis, while SLASX is a Large Cap Blend Equities fund managed by Davis. Over the past 10 years, RPFCX returned 10.73%/yr vs 13.41%/yr for SLASX. Their correlation of 0.88 means they have usually moved in the same direction. RPFCX charges 1.00%/yr vs 0.98%/yr for SLASX.
Performance
RPFCX vs. SLASX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with RPFCX having a 15.33% return and SLASX slightly higher at 15.42%. Over the past 10 years, RPFCX has underperformed SLASX with an annualized return of 10.73%, while SLASX has yielded a comparatively higher 13.41% annualized return.
RPFCX
- 1D
- 0.70%
- 1M
- 2.66%
- 6M
- 11.47%
- YTD
- 15.33%
- 1Y
- 29.64%
- 3Y*
- 17.36%
- 5Y*
- 10.22%
- 10Y*
- 10.73%
- ALL TIME*
- 8.51%
SLASX
- 1D
- 1.13%
- 1M
- 3.41%
- 6M
- 10.36%
- YTD
- 15.42%
- 1Y
- 33.42%
- 3Y*
- 22.42%
- 5Y*
- 12.36%
- 10Y*
- 13.41%
- ALL TIME*
- 10.46%
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 |
RPFCX vs. SLASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPFCX Davis Appreciation & Income Fund | 15.33% | 20.90% | 9.10% | 23.00% | -15.65% | 25.74% | 4.74% | 20.33% | -8.02% | 16.35% |
SLASX Selected American Shares Fund | 15.42% | 26.72% | 17.60% | 32.47% | -20.33% | 17.71% | 11.61% | 31.20% | -13.96% | 21.80% |
Correlation
The correlation between RPFCX and SLASX is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1993 | 0.88 |
The correlation between RPFCX and SLASX has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
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Return for Risk
RPFCX vs. SLASX — Risk / Return Rank
RPFCX
SLASX
RPFCX vs. SLASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Davis Appreciation & Income Fund (RPFCX) and Selected American Shares Fund (SLASX). 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.
| RPFCX | SLASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.48 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 4.32 | +0.18 |
| Martin ratioReturn relative to average drawdown | 17.99 | 17.23 | +0.76 |
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Drawdowns
RPFCX vs. SLASX - Drawdown Comparison
The maximum RPFCX drawdown since its inception was -56.39%, roughly equal to the maximum SLASX drawdown of -58.43%. Use the drawdown chart below to compare losses from any high point for RPFCX and SLASX.
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Drawdown Indicators
| RPFCX | SLASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.39% | -58.43% | +2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.76% | -8.14% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -14.82% | -22.14% | +7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -25.63% | -31.41% | +5.78% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -36.59% | +5.87% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.39% | -8.15% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.04% | -0.35% |
Volatility
RPFCX vs. SLASX - Volatility Comparison
The current volatility for Davis Appreciation & Income Fund (RPFCX) is 2.05%, while Selected American Shares Fund (SLASX) has a volatility of 3.26%. This indicates that RPFCX experiences smaller price fluctuations and is considered to be less risky than SLASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPFCX | SLASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 3.26% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.74% | 9.29% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.99% | 12.82% | -3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 19.88% | -5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.76% | 20.10% | -5.34% |
RPFCX vs. SLASX - Expense Ratio Comparison
RPFCX has a 1.00% expense ratio, which is higher than SLASX's 0.98% expense ratio.
Dividends
RPFCX vs. SLASX - Dividend Comparison
RPFCX's dividend yield for the trailing twelve months is around 5.61%, less than SLASX's 8.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPFCX Davis Appreciation & Income Fund | 5.61% | 6.09% | 1.11% | 2.91% | 2.63% | 0.28% | 0.78% | 2.03% | 1.09% | 0.83% | 1.09% | 1.19% |
SLASX Selected American Shares Fund | 8.37% | 11.56% | 20.21% | 7.72% | 7.85% | 12.55% | 2.76% | 5.06% | 18.16% | 7.01% | 14.99% | 21.13% |
Frequently Asked Questions
RPFCX and SLASX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLASX has higher volatility (3.26%) compared to RPFCX (2.05%). In terms of maximum drawdown, RPFCX dropped -56.39% vs SLASX's -58.43%.
RPFCX currently has the higher Sharpe Ratio (3.39 vs 2.75), 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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