RPFRX vs. DNVYX

Last updated Aug 5, 2026

RPFRX (Davis Real Estate Fund) and DNVYX (Davis New York Venture Fund Class Y) are both mutual funds - RPFRX is a REIT fund managed by Davis, while DNVYX is a Large Cap Growth Equities fund actively managed by Davis. Over the past 10 years, RPFRX returned 3.72%/yr vs 14.76%/yr for DNVYX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. RPFRX charges 0.95%/yr vs 0.67%/yr for DNVYX.

Performance

RPFRX vs. DNVYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis Real Estate Fund (RPFRX) 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 investments are quite close, with RPFRX having a 15.13% return and DNVYX slightly higher at 15.22%. Over the past 10 years, RPFRX has underperformed DNVYX with an annualized return of 3.72%, while DNVYX has yielded a comparatively higher 14.76% annualized return.

RPFRX

• 1D: 0.45%
• 1M: 0.43%
• 6M: 13.35%
• YTD: 15.13%
• 1Y: 13.33%
• 3Y*: 5.77%
• 5Y*: 0.30%
• 10Y*: 3.72%
• ALL TIME*: 8.18%

DNVYX

• 1D: 1.01%
• 1M: 3.34%
• 6M: 10.27%
• YTD: 15.22%
• 1Y: 33.36%
• 3Y*: 26.89%
• 5Y*: 15.27%
• 10Y*: 14.76%
• ALL TIME*: 10.31%

*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
RPFRX Davis Real Estate Fund	$0.00	$0.00	$0.00

RPFRX vs. DNVYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPFRX Davis Real Estate Fund	15.13%	-6.17%	2.30%	10.48%	-26.78%	43.26%	-8.25%	25.39%	-4.52%	8.32%
DNVYX Davis New York Venture Fund Class Y	15.22%	27.17%	31.80%	30.49%	-17.34%	12.74%	11.68%	31.35%	-12.79%	22.51%

Correlation

The correlation between RPFRX and DNVYX is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (3Y) Balances recent behavior with more history.	0.52
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (10Y) Provides a long-term view across more market conditions.	0.49
Correlation (All Time) Calculated using the full available price history since Oct 2, 1996	0.58

The correlation between RPFRX and DNVYX shifts across timeframes, from 0.43 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RPFRX vs. DNVYX — Risk / Return Rank

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

RPFRX

RPFRX Risk / Return Rank: 24
RPFRX Sharpe Ratio Rank: 23
RPFRX Sortino Ratio Rank: 23
RPFRX Omega Ratio Rank: 22
RPFRX Calmar Ratio Rank: 27
RPFRX Martin Ratio Rank: 22

DNVYX

DNVYX Risk / Return Rank: 95
DNVYX Sharpe Ratio Rank: 97
DNVYX Sortino Ratio Rank: 94
DNVYX Omega Ratio Rank: 92
DNVYX Calmar Ratio Rank: 95
DNVYX Martin Ratio Rank: 96

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.

RPFRX vs. DNVYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Real Estate Fund (RPFRX) 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.

	RPFRX	DNVYX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	2.83	-1.87
Sortino ratio: Return per unit of downside risk	1.44	3.82	-2.38
Omega ratio: Gain probability vs. loss probability	1.17	1.49	-0.32
Calmar ratio: Return relative to maximum drawdown	1.40	4.40	-3.00
Martin ratio: Return relative to average drawdown	3.54	17.42	-13.88

RPFRX vs. DNVYX - Sharpe Ratio Comparison

The current RPFRX Sharpe Ratio is 0.96, which is lower than the DNVYX Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of RPFRX 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

RPFRX vs. DNVYX - Drawdown Comparison

The maximum RPFRX drawdown since its inception was -75.01%, which is greater than DNVYX's maximum drawdown of -58.41%. Use the drawdown chart below to compare losses from any high point for RPFRX and DNVYX.

Drawdown Indicators

	RPFRX	DNVYX	Difference
Max Drawdown Largest peak-to-trough decline	-75.01%	-58.41%	-16.60%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-7.97%	-2.16%
Max Drawdown (3Y) Largest decline over 3 years	-22.20%	-21.44%	-0.76%
Max Drawdown (5Y) Largest decline over 5 years	-35.52%	-30.35%	-5.17%
Max Drawdown (10Y) Largest decline over 10 years	-42.29%	-36.97%	-5.32%
Current Drawdown Current decline from peak	-10.72%	0.00%	-10.72%
Average Drawdown Average peak-to-trough decline	-13.40%	-9.39%	-4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	2.01%	+2.00%

Volatility

RPFRX vs. DNVYX - Volatility Comparison

Davis Real Estate Fund (RPFRX) has a higher volatility of 4.20% compared to Davis New York Venture Fund Class Y (DNVYX) at 2.93%. This indicates that RPFRX's price experiences larger fluctuations and is considered to be riskier than DNVYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPFRX	DNVYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	2.93%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	11.07%	8.84%	+2.23%
Volatility (1Y) Calculated over the trailing 1-year period	14.80%	12.39%	+2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.54%	21.79%	-2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.17%	21.03%	+0.14%

RPFRX vs. DNVYX - Expense Ratio Comparison

RPFRX has a 0.95% expense ratio, which is higher than DNVYX's 0.67% expense ratio.

Dividends

RPFRX vs. DNVYX - Dividend Comparison

RPFRX's dividend yield for the trailing twelve months is around 6.42%, less than DNVYX's 9.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNVYX Davis New York Venture Fund Class Y	9.22%	11.15%	31.98%	7.88%	7.54%	21.48%	5.93%	7.63%	23.81%	8.39%	12.88%	22.87%
RPFRX Davis Real Estate Fund	6.42%	6.48%	1.43%	2.26%	5.33%	1.05%	1.77%	2.78%	6.03%	5.84%	1.61%	1.19%

Frequently Asked Questions

Can I hold both RPFRX and DNVYX in my portfolio?

RPFRX and DNVYX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPFRX or DNVYX?

RPFRX has higher volatility (4.20%) compared to DNVYX (2.93%). In terms of maximum drawdown, RPFRX dropped -75.01% vs DNVYX's -58.41%.

Which has better risk-adjusted returns?

DNVYX currently has the higher Sharpe Ratio (2.83 vs 0.96), 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.