RPFGX vs. FSPCX

Last updated Jun 24, 2026

RPFGX (Davis Financial Fund) and FSPCX (Fidelity Select Insurance Portfolio) are both Financials Equities funds. Over the past 10 years, RPFGX returned 13.11%/yr vs 12.57%/yr for FSPCX. Their correlation of 0.82 suggests significant overlap in exposure. RPFGX charges 0.94%/yr vs 0.78%/yr for FSPCX.

Performance

RPFGX vs. FSPCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis Financial Fund (RPFGX) and Fidelity Select Insurance Portfolio (FSPCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RPFGX achieves a -2.56% return, which is significantly lower than FSPCX's -1.11% return. Both investments have delivered pretty close results over the past 10 years, with RPFGX having a 13.11% annualized return and FSPCX not far behind at 12.57%.

RPFGX

• 1D: 0.34%
• 1M: 3.52%
• YTD: -2.56%
• 6M: -3.78%
• 1Y: 14.14%
• 3Y*: 24.59%
• 5Y*: 12.46%
• 10Y*: 13.11%

FSPCX

• 1D: 0.29%
• 1M: 0.38%
• YTD: -1.11%
• 6M: -1.93%
• 1Y: -2.13%
• 3Y*: 14.12%
• 5Y*: 12.61%
• 10Y*: 12.57%

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

RPFGX vs. FSPCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPFGX Davis Financial Fund	-2.56%	29.28%	29.54%	15.60%	-8.91%	31.45%	-5.87%	26.51%	-11.74%	19.24%
FSPCX Fidelity Select Insurance Portfolio	-1.11%	3.45%	28.44%	12.98%	7.75%	29.26%	0.00%	30.06%	-11.99%	15.50%

Correlation

The correlation between RPFGX and FSPCX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Apr 30, 1991	0.82

Over the past year, the correlation between RPFGX and FSPCX has dropped to 0.54 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

RPFGX vs. FSPCX — Risk / Return Rank

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

RPFGX

RPFGX Risk / Return Rank: 13
RPFGX Sharpe Ratio Rank: 15
RPFGX Sortino Ratio Rank: 15
RPFGX Omega Ratio Rank: 15
RPFGX Calmar Ratio Rank: 12
RPFGX Martin Ratio Rank: 10

FSPCX

FSPCX Risk / Return Rank: 2
FSPCX Sharpe Ratio Rank: 3
FSPCX Sortino Ratio Rank: 3
FSPCX Omega Ratio Rank: 3
FSPCX Calmar Ratio Rank: 2
FSPCX Martin Ratio Rank: 2

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.

RPFGX vs. FSPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Financial Fund (RPFGX) and Fidelity Select Insurance Portfolio (FSPCX). 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.

	RPFGX	FSPCX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	-0.05	+1.08
Sortino ratio: Return per unit of downside risk	1.49	0.03	+1.46
Omega ratio: Gain probability vs. loss probability	1.18	1.00	+0.18
Calmar ratio: Return relative to maximum drawdown	1.06	-0.08	+1.14
Martin ratio: Return relative to average drawdown	2.76	-0.16	+2.92

RPFGX vs. FSPCX - Sharpe Ratio Comparison

The current RPFGX Sharpe Ratio is 1.03, which is higher than the FSPCX Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of RPFGX and FSPCX, 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

RPFGX vs. FSPCX - Drawdown Comparison

The maximum RPFGX drawdown since its inception was -67.11%, roughly equal to the maximum FSPCX drawdown of -69.48%. Use the drawdown chart below to compare losses from any high point for RPFGX and FSPCX.

Drawdown Indicators

	RPFGX	FSPCX	Difference
Max Drawdown Largest peak-to-trough decline	-67.11%	-69.48%	+2.37%
Max Drawdown (1Y) Largest decline over 1 year	-14.54%	-9.98%	-4.56%
Max Drawdown (3Y) Largest decline over 3 years	-16.30%	-11.69%	-4.61%
Max Drawdown (5Y) Largest decline over 5 years	-26.86%	-16.65%	-10.21%
Max Drawdown (10Y) Largest decline over 10 years	-45.24%	-43.68%	-1.56%
Current Drawdown Current decline from peak	-5.59%	-5.80%	+0.21%
Average Drawdown Average peak-to-trough decline	-9.86%	-9.70%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.56%	5.01%	+0.55%

Volatility

RPFGX vs. FSPCX - Volatility Comparison

The current volatility for Davis Financial Fund (RPFGX) is 4.14%, while Fidelity Select Insurance Portfolio (FSPCX) has a volatility of 5.06%. This indicates that RPFGX experiences smaller price fluctuations and is considered to be less risky than FSPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPFGX	FSPCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	5.06%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	11.76%	10.96%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	14.99%	15.48%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.24%	17.48%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.32%	20.12%	+2.20%

RPFGX vs. FSPCX - Expense Ratio Comparison

RPFGX has a 0.94% expense ratio, which is higher than FSPCX's 0.78% expense ratio.

Dividends

RPFGX vs. FSPCX - Dividend Comparison

RPFGX's dividend yield for the trailing twelve months is around 4.08%, less than FSPCX's 4.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSPCX Fidelity Select Insurance Portfolio	4.76%	3.35%	8.72%	8.48%	0.74%	8.40%	8.80%	6.90%	32.69%	12.52%	2.81%	3.11%
RPFGX Davis Financial Fund	4.08%	3.98%	4.19%	6.96%	3.41%	6.60%	5.60%	7.96%	8.93%	2.32%	1.68%	2.26%

Frequently Asked Questions

Can I hold both RPFGX and FSPCX in my portfolio?

RPFGX and FSPCX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPFGX or FSPCX?

FSPCX has higher volatility (5.06%) compared to RPFGX (4.14%). In terms of maximum drawdown, RPFGX dropped -67.11% vs FSPCX's -69.48%.

Which has better risk-adjusted returns?

RPFGX currently has the higher Sharpe Ratio (1.03 vs -0.05), 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.