RPFCX vs. XLK
Compare and contrast key facts about Davis Appreciation & Income Fund (RPFCX) and State Street Technology Select Sector SPDR ETF (XLK).
RPFCX is managed by Davis Funds. It was launched on Apr 30, 1992. XLK is a passively managed fund by State Street that tracks the performance of the S&P Technology Select Sector Daily Capped 35/20 Index. It was launched on Dec 16, 1998.
Performance
RPFCX vs. XLK - Performance Comparison
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RPFCX vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPFCX Davis Appreciation & Income Fund | 0.68% | 20.90% | 9.10% | 23.00% | -15.65% | 25.74% | 4.74% | 20.33% | -8.02% | 16.35% |
XLK State Street Technology Select Sector SPDR ETF | -6.18% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
Returns By Period
In the year-to-date period, RPFCX achieves a 0.68% return, which is significantly higher than XLK's -6.18% return. Over the past 10 years, RPFCX has underperformed XLK with an annualized return of 9.87%, while XLK has yielded a comparatively higher 21.00% annualized return.
RPFCX
- 1D
- 1.77%
- 1M
- -4.10%
- YTD
- 0.68%
- 6M
- 7.14%
- 1Y
- 18.28%
- 3Y*
- 16.39%
- 5Y*
- 8.56%
- 10Y*
- 9.87%
XLK
- 1D
- 1.51%
- 1M
- -3.20%
- YTD
- -6.18%
- 6M
- -4.94%
- 1Y
- 30.47%
- 3Y*
- 22.19%
- 5Y*
- 15.65%
- 10Y*
- 21.00%
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RPFCX vs. XLK - Expense Ratio Comparison
RPFCX has a 1.00% expense ratio, which is higher than XLK's 0.08% expense ratio.
Return for Risk
RPFCX vs. XLK — Risk / Return Rank
RPFCX
XLK
RPFCX vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Davis Appreciation & Income Fund (RPFCX) and State Street Technology Select Sector SPDR ETF (XLK). 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.
| RPFCX | XLK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.13 | +0.30 |
Sortino ratioReturn per unit of downside risk | 2.03 | 1.71 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.97 | +0.26 |
Martin ratioReturn relative to average drawdown | 8.97 | 6.31 | +2.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RPFCX | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.13 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.64 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.87 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.36 | +0.20 |
Correlation
The correlation between RPFCX and XLK is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RPFCX vs. XLK - Dividend Comparison
RPFCX's dividend yield for the trailing twelve months is around 6.41%, more than XLK's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPFCX Davis Appreciation & Income Fund | 6.41% | 6.09% | 1.11% | 2.91% | 2.63% | 0.28% | 0.78% | 2.03% | 1.09% | 0.83% | 1.09% | 1.19% |
XLK State Street Technology Select Sector SPDR ETF | 0.57% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Drawdowns
RPFCX vs. XLK - Drawdown Comparison
The maximum RPFCX drawdown since its inception was -56.39%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for RPFCX and XLK.
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Drawdown Indicators
| RPFCX | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.39% | -82.05% | +25.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -15.92% | +7.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.63% | -33.56% | +7.93% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -33.56% | +2.84% |
Current DrawdownCurrent decline from peak | -5.05% | -11.04% | +5.99% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -35.17% | +27.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 4.98% | -2.85% |
Volatility
RPFCX vs. XLK - Volatility Comparison
The current volatility for Davis Appreciation & Income Fund (RPFCX) is 3.77%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 8.12%. This indicates that RPFCX experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPFCX | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 8.12% | -4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 6.89% | 16.49% | -9.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 27.05% | -14.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 24.72% | -10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.84% | 24.33% | -9.49% |