RPFRX vs. RPEAX

Last updated Apr 1, 2026

Compare and contrast key facts about Davis Real Estate Fund (RPFRX) and Davis Opportunity Fund (RPEAX).

RPFRX is managed by Davis Funds. It was launched on Jan 3, 1994. RPEAX is managed by Davis Funds. It was launched on Dec 1, 1994.

Performance

RPFRX vs. RPEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis Real Estate Fund (RPFRX) and Davis Opportunity Fund (RPEAX). The values are adjusted to include any dividend payments, if applicable.

RPFRX vs. RPEAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPFRX Davis Real Estate Fund	-3.04%	-6.17%	2.30%	10.48%	-26.78%	43.26%	-8.25%	25.39%	-4.52%	8.32%
RPEAX Davis Opportunity Fund	-3.24%	21.86%	32.82%	22.21%	-14.12%	24.92%	12.78%	25.06%	-23.66%	23.09%

Returns By Period

In the year-to-date period, RPFRX achieves a -3.04% return, which is significantly higher than RPEAX's -3.24% return. Over the past 10 years, RPFRX has underperformed RPEAX with an annualized return of 2.90%, while RPEAX has yielded a comparatively higher 11.97% annualized return.

RPFRX

• 1D: 0.68%
• 1M: -8.13%
• YTD: -3.04%
• 6M: -8.55%
• 1Y: -9.13%
• 3Y*: 0.63%
• 5Y*: -0.29%
• 10Y*: 2.90%

RPEAX

• 1D: -0.08%
• 1M: -8.29%
• YTD: -3.24%
• 6M: 1.18%
• 1Y: 17.38%
• 3Y*: 24.20%
• 5Y*: 12.69%
• 10Y*: 11.97%

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

RPFRX vs. RPEAX - Expense Ratio Comparison

RPFRX has a 0.95% expense ratio, which is higher than RPEAX's 0.93% expense ratio.

RPFRX

Davis Real Estate Fund

RPEAX

Davis Opportunity Fund

Return for Risk

RPFRX vs. RPEAX — Risk / Return Rank

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

RPFRX

RPFRX Risk / Return Rank: 1
RPFRX Sharpe Ratio Rank: 2
RPFRX Sortino Ratio Rank: 1
RPFRX Omega Ratio Rank: 2
RPFRX Calmar Ratio Rank: 1
RPFRX Martin Ratio Rank: 1

RPEAX

RPEAX Risk / Return Rank: 52
RPEAX Sharpe Ratio Rank: 50
RPEAX Sortino Ratio Rank: 52
RPEAX Omega Ratio Rank: 52
RPEAX Calmar Ratio Rank: 55
RPEAX Martin Ratio Rank: 50

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.

RPFRX vs. RPEAX - Risk-Adjusted Trends Comparison

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

	RPFRX	RPEAX	Difference
Sharpe ratio Return per unit of total volatility	-0.49	0.97	-1.45
Sortino ratio Return per unit of downside risk	-0.56	1.44	-2.00
Omega ratio Gain probability vs. loss probability	0.93	1.21	-0.28
Calmar ratio Return relative to maximum drawdown	-0.67	1.31	-1.98
Martin ratio Return relative to average drawdown	-1.83	4.94	-6.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RPFRX vs. RPEAX - Sharpe Ratio Comparison

The current RPFRX Sharpe Ratio is -0.49, which is lower than the RPEAX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of RPFRX and RPEAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RPFRX	RPEAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	0.97	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.52	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	0.55	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.54	-0.18

Correlation

The correlation between RPFRX and RPEAX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RPFRX vs. RPEAX - Dividend Comparison

RPFRX's dividend yield for the trailing twelve months is around 7.43%, less than RPEAX's 14.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RPFRX Davis Real Estate Fund	7.43%	6.48%	1.43%	2.26%	5.33%	1.05%	1.77%	2.78%	6.03%	5.84%	1.61%	1.19%
RPEAX Davis Opportunity Fund	14.38%	13.91%	33.00%	6.17%	8.47%	9.23%	2.88%	4.86%	0.64%	2.70%	2.44%	21.42%

Drawdowns

RPFRX vs. RPEAX - Drawdown Comparison

The maximum RPFRX drawdown since its inception was -75.01%, which is greater than RPEAX's maximum drawdown of -59.71%. Use the drawdown chart below to compare losses from any high point for RPFRX and RPEAX.

Drawdown Indicators

	RPFRX	RPEAX	Difference
Max Drawdown Largest peak-to-trough decline	-75.01%	-59.71%	-15.30%
Max Drawdown (1Y) Largest decline over 1 year	-13.53%	-11.77%	-1.76%
Max Drawdown (5Y) Largest decline over 5 years	-35.52%	-26.03%	-9.49%
Max Drawdown (10Y) Largest decline over 10 years	-42.29%	-39.78%	-2.51%
Current Drawdown Current decline from peak	-24.82%	-10.12%	-14.70%
Average Drawdown Average peak-to-trough decline	-13.38%	-10.53%	-2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.93%	3.12%	+1.81%

Volatility

RPFRX vs. RPEAX - Volatility Comparison

The current volatility for Davis Real Estate Fund (RPFRX) is 4.38%, while Davis Opportunity Fund (RPEAX) has a volatility of 4.79%. This indicates that RPFRX experiences smaller price fluctuations and is considered to be less risky than RPEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPFRX	RPEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	4.79%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	10.04%	9.96%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	18.43%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.52%	24.51%	-4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.10%	21.72%	-0.62%