SLASX vs. DGFAX
SLASX (Selected American Shares Fund) and DGFAX (Davis Global Fund) are both mutual funds - SLASX is a Large Cap Blend Equities fund managed by Davis, while DGFAX is a Global Equities fund managed by Davis. Over the past 10 years, SLASX returned 13.32%/yr vs 10.79%/yr for DGFAX. Their correlation of 0.87 means they have usually moved in the same direction. SLASX charges 0.98%/yr vs 0.96%/yr for DGFAX.
Performance
SLASX vs. DGFAX - Performance Comparison
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Returns By Period
In the year-to-date period, SLASX achieves a 13.18% return, which is significantly higher than DGFAX's 3.04% return. Over the past 10 years, SLASX has outperformed DGFAX with an annualized return of 13.32%, while DGFAX has yielded a comparatively lower 10.79% annualized return.
SLASX
- 1D
- 0.27%
- 1M
- 1.40%
- 6M
- 9.20%
- YTD
- 13.18%
- 1Y
- 32.39%
- 3Y*
- 20.84%
- 5Y*
- 11.97%
- 10Y*
- 13.32%
- ALL TIME*
- 10.41%
DGFAX
- 1D
- 0.80%
- 1M
- 3.13%
- 6M
- 3.23%
- YTD
- 3.04%
- 1Y
- 20.64%
- 3Y*
- 16.97%
- 5Y*
- 9.01%
- 10Y*
- 10.79%
- ALL TIME*
- 8.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DGFAX Davis Global Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
SLASX vs. DGFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLASX Selected American Shares Fund | 13.18% | 26.72% | 17.60% | 32.47% | -20.33% | 17.71% | 11.61% | 31.20% | -13.96% | 21.80% |
DGFAX Davis Global Fund | 3.04% | 31.85% | 22.59% | 17.22% | -16.53% | -5.15% | 23.06% | 31.61% | -20.73% | 33.33% |
Correlation
The correlation between SLASX and DGFAX is 0.85, 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. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2004 | 0.87 |
The correlation between SLASX and DGFAX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
SLASX vs. DGFAX — Risk / Return Rank
SLASX
DGFAX
SLASX vs. DGFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Selected American Shares Fund (SLASX) and Davis Global Fund (DGFAX). 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.
| SLASX | DGFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.21 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 1.34 | +2.24 |
| Martin ratioReturn relative to average drawdown | 14.25 | 4.28 | +9.96 |
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Drawdowns
SLASX vs. DGFAX - Drawdown Comparison
The maximum SLASX drawdown since its inception was -58.43%, smaller than the maximum DGFAX drawdown of -65.64%. Use the drawdown chart below to compare losses from any high point for SLASX and DGFAX.
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Drawdown Indicators
| SLASX | DGFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.43% | -65.64% | +7.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -12.72% | +4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -22.14% | -16.92% | -5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -31.41% | -34.13% | +2.72% |
Max Drawdown (10Y)Largest decline over 10 years | -36.59% | -42.47% | +5.88% |
Current DrawdownCurrent decline from peak | -0.66% | -0.90% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -14.60% | +6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 3.99% | -1.94% |
Volatility
SLASX vs. DGFAX - Volatility Comparison
The current volatility for Selected American Shares Fund (SLASX) is 3.08%, while Davis Global Fund (DGFAX) has a volatility of 4.20%. This indicates that SLASX experiences smaller price fluctuations and is considered to be less risky than DGFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLASX | DGFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 4.20% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.30% | 11.44% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 14.87% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 20.27% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 19.91% | +0.18% |
SLASX vs. DGFAX - Expense Ratio Comparison
SLASX has a 0.98% expense ratio, which is higher than DGFAX's 0.96% expense ratio.
Dividends
SLASX vs. DGFAX - Dividend Comparison
SLASX's dividend yield for the trailing twelve months is around 8.54%, more than DGFAX's 7.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGFAX Davis Global Fund | 7.60% | 7.83% | 13.06% | 1.07% | 0.00% | 11.55% | 0.27% | 1.88% | 9.25% | 0.00% | 0.00% | 6.12% |
SLASX Selected American Shares Fund | 8.54% | 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
SLASX and DGFAX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGFAX has higher volatility (4.20%) compared to SLASX (3.08%). In terms of maximum drawdown, SLASX dropped -58.43% vs DGFAX's -65.64%.
SLASX currently has the higher Sharpe Ratio (2.25 vs 1.15), 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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