SLASX vs. DNVYX

Last updated Aug 1, 2026

SLASX (Selected American Shares Fund) and DNVYX (Davis New York Venture Fund Class Y) are both mutual funds - SLASX is a Large Cap Blend Equities fund managed by Davis, while DNVYX is a Large Cap Growth Equities fund actively managed by Davis. Over the past 10 years, SLASX returned 13.32%/yr vs 14.71%/yr for DNVYX. Their 0.99 correlation means they have historically moved very closely together. SLASX charges 0.98%/yr vs 0.67%/yr for DNVYX.

Performance

SLASX vs. DNVYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Selected American Shares Fund (SLASX) 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 SLASX having a 13.18% return and DNVYX slightly higher at 13.34%. Over the past 10 years, SLASX has underperformed DNVYX with an annualized return of 13.32%, while DNVYX has yielded a comparatively higher 14.71% 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%

DNVYX

• 1D: 0.34%
• 1M: 1.66%
• 6M: 9.53%
• YTD: 13.34%
• 1Y: 32.69%
• 3Y*: 25.43%
• 5Y*: 14.92%
• 10Y*: 14.71%
• ALL TIME*: 10.25%

*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
SLASX Selected American Shares Fund	$0.00	$0.00	$0.00

SLASX vs. DNVYX - 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%
DNVYX Davis New York Venture Fund Class Y	13.34%	27.17%	31.80%	30.49%	-17.34%	12.74%	11.68%	31.35%	-12.79%	22.51%

Correlation

The correlation between SLASX and DNVYX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (3Y) Balances recent behavior with more history.	1.00
Correlation (5Y) Shows whether the relationship held over a longer period.	1.00
Correlation (10Y) Provides a long-term view across more market conditions.	1.00
Correlation (All Time) Calculated using the full available price history since Oct 2, 1996	1.00

The correlation between SLASX and DNVYX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

SLASX vs. DNVYX — Risk / Return Rank

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

SLASX

SLASX Risk / Return Rank: 88
SLASX Sharpe Ratio Rank: 89
SLASX Sortino Ratio Rank: 85
SLASX Omega Ratio Rank: 82
SLASX Calmar Ratio Rank: 91
SLASX Martin Ratio Rank: 93

DNVYX

DNVYX Risk / Return Rank: 90
DNVYX Sharpe Ratio Rank: 91
DNVYX Sortino Ratio Rank: 87
DNVYX Omega Ratio Rank: 84
DNVYX Calmar Ratio Rank: 92
DNVYX Martin Ratio Rank: 94

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.

SLASX vs. DNVYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Selected American Shares Fund (SLASX) 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.

	SLASX	DNVYX	Difference
Sharpe ratio: Return per unit of total volatility	2.25	2.34	-0.09
Sortino ratio: Return per unit of downside risk	3.06	3.18	-0.12
Omega ratio: Gain probability vs. loss probability	1.39	1.41	-0.02
Calmar ratio: Return relative to maximum drawdown	3.58	3.68	-0.10
Martin ratio: Return relative to average drawdown	14.25	14.53	-0.29

SLASX vs. DNVYX - Sharpe Ratio Comparison

The current SLASX Sharpe Ratio is 2.25, which is comparable to the DNVYX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of SLASX 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

SLASX vs. DNVYX - Drawdown Comparison

The maximum SLASX drawdown since its inception was -58.43%, roughly equal to the maximum DNVYX drawdown of -58.41%. Use the drawdown chart below to compare losses from any high point for SLASX and DNVYX.

Drawdown Indicators

	SLASX	DNVYX	Difference
Max Drawdown Largest peak-to-trough decline	-58.43%	-58.41%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-7.97%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-22.14%	-21.44%	-0.70%
Max Drawdown (5Y) Largest decline over 5 years	-31.41%	-30.35%	-1.06%
Max Drawdown (10Y) Largest decline over 10 years	-36.59%	-36.97%	+0.38%
Current Drawdown Current decline from peak	-0.66%	-0.31%	-0.35%
Average Drawdown Average peak-to-trough decline	-8.16%	-9.40%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	2.02%	+0.03%

Volatility

SLASX vs. DNVYX - Volatility Comparison

Selected American Shares Fund (SLASX) has a higher volatility of 3.08% compared to Davis New York Venture Fund Class Y (DNVYX) at 2.79%. This indicates that SLASX'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

	SLASX	DNVYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	2.79%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	8.86%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	12.53%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	21.78%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	21.02%	-0.93%

SLASX vs. DNVYX - Expense Ratio Comparison

SLASX has a 0.98% expense ratio, which is higher than DNVYX's 0.67% expense ratio.

Dividends

SLASX vs. DNVYX - Dividend Comparison

SLASX's dividend yield for the trailing twelve months is around 8.54%, less than DNVYX's 9.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNVYX Davis New York Venture Fund Class Y	9.37%	11.15%	31.98%	7.88%	7.54%	21.48%	5.93%	7.63%	23.81%	8.39%	12.88%	22.87%
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

Can I hold both SLASX and DNVYX in my portfolio?

With a correlation of 1.00, SLASX and DNVYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SLASX or DNVYX?

SLASX has higher volatility (3.08%) compared to DNVYX (2.79%). In terms of maximum drawdown, SLASX dropped -58.43% vs DNVYX's -58.41%.

Which has better risk-adjusted returns?

DNVYX currently has the higher Sharpe Ratio (2.34 vs 2.25), 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.