VLXVX vs. RPFCX
VLXVX (Vanguard Target Retirement 2065 Fund) and RPFCX (Davis Appreciation & Income Fund) are both Diversified Portfolio funds. Over the past 5 years, VLXVX returned 9.56%/yr vs 10.09%/yr for RPFCX. Their correlation of 0.87 means they have usually moved in the same direction. VLXVX charges 0.08%/yr vs 1.00%/yr for RPFCX.
Performance
VLXVX vs. RPFCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VLXVX achieves a 10.02% return, which is significantly lower than RPFCX's 14.17% return.
VLXVX
- 1D
- 1.90%
- 1M
- -0.45%
- 6M
- 6.79%
- YTD
- 10.02%
- 1Y
- 21.67%
- 3Y*
- 16.59%
- 5Y*
- 9.56%
- 10Y*
- —
- ALL TIME*
- 10.94%
RPFCX
- 1D
- 0.24%
- 1M
- 1.63%
- 6M
- 11.35%
- YTD
- 14.17%
- 1Y
- 29.00%
- 3Y*
- 16.53%
- 5Y*
- 10.09%
- 10Y*
- 10.69%
- ALL TIME*
- 8.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VLXVX vs. RPFCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLXVX Vanguard Target Retirement 2065 Fund | 10.02% | 21.44% | 14.37% | 20.40% | -17.41% | 16.46% | 16.18% | 24.97% | -7.94% | 7.68% |
RPFCX Davis Appreciation & Income Fund | 14.17% | 20.90% | 9.10% | 23.00% | -15.65% | 25.74% | 4.74% | 20.33% | -8.02% | 5.90% |
Correlation
The correlation between VLXVX and RPFCX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2017 | 0.87 |
The correlation between VLXVX and RPFCX shifts across timeframes, from 0.71 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VLXVX vs. RPFCX — Risk / Return Rank
VLXVX
RPFCX
VLXVX vs. RPFCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2065 Fund (VLXVX) and Davis Appreciation & Income Fund (RPFCX). 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.
| VLXVX | RPFCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.54 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 3.99 | -1.75 |
| Martin ratioReturn relative to average drawdown | 9.30 | 15.92 | -6.62 |
Loading charts...
Drawdowns
VLXVX vs. RPFCX - Drawdown Comparison
The maximum VLXVX drawdown since its inception was -31.42%, smaller than the maximum RPFCX drawdown of -56.39%. Use the drawdown chart below to compare losses from any high point for VLXVX and RPFCX.
Loading charts...
Drawdown Indicators
| VLXVX | RPFCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.42% | -56.39% | +24.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -6.76% | -2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -14.53% | -14.82% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -25.63% | +0.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.72% | — |
Current DrawdownCurrent decline from peak | -1.92% | -0.39% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -7.40% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.70% | +0.44% |
Volatility
VLXVX vs. RPFCX - Volatility Comparison
Vanguard Target Retirement 2065 Fund (VLXVX) has a higher volatility of 3.74% compared to Davis Appreciation & Income Fund (RPFCX) at 2.02%. This indicates that VLXVX's price experiences larger fluctuations and is considered to be riskier than RPFCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VLXVX | RPFCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 2.02% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.52% | 6.74% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 9.05% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.37% | 14.04% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 14.75% | +0.94% |
VLXVX vs. RPFCX - Expense Ratio Comparison
VLXVX has a 0.08% expense ratio, which is lower than RPFCX's 1.00% expense ratio.
Dividends
VLXVX vs. RPFCX - Dividend Comparison
VLXVX's dividend yield for the trailing twelve months is around 1.82%, less than RPFCX's 5.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPFCX Davis Appreciation & Income Fund | 5.67% | 6.09% | 1.11% | 2.91% | 2.63% | 0.28% | 0.78% | 2.03% | 1.09% | 0.83% | 1.09% | 1.19% |
VLXVX Vanguard Target Retirement 2065 Fund | 1.82% | 2.00% | 2.11% | 2.06% | 2.00% | 1.93% | 1.60% | 1.90% | 1.85% | 0.78% | 0.00% | 0.00% |
Frequently Asked Questions
VLXVX and RPFCX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLXVX has higher volatility (3.74%) compared to RPFCX (2.02%). In terms of maximum drawdown, VLXVX dropped -31.42% vs RPFCX's -56.39%.
RPFCX currently has the higher Sharpe Ratio (2.98 vs 1.58), 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.
Find the right allocation for VLXVX and RPFCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer