Davis Select US Equity (DUSA) Performance
DUSA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.0% since Dec 31, 2025
- 1 year
- +18.2% total return
- 5 years
- +11.4% a year
- Since first price
- +12.6% a year since 2017
DUSA trailing returns vs SPY, QQQ, AGG
| Period | DUSA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.1% | +2.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.1% | −0.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.4% | +3.4% | +7.8% | +8.4% | −1.5% |
| YTD | +11.0% | +11.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +18.2% | +17.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +93.5%+24.6%/yr | +83.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +71.3%+11.4%/yr | +59.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJan 12, 2017 | +219.6%+12.6%/yr | +181.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DUSA vs SPY
From Jan 12, 2017: DUSA grew to $31,958, SPY to $39,054.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DUSA returns by calendar year
6 of 8 full years positive. Best 2023 (+34.2%), worst 2022 (−19.6%). 2026 is year to date.
DUSA annual returns table
| Year | DUSA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.0% | −7.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +22.6% | −16.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +20.4% | −10.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +34.2% | −12.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.6% | −30.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +17.7% | −8.1% | +28.7% | +27.4% | −1.8% |
| 2020 | +14.2% | −36.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +30.5% | −10.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −11.9% | −24.7% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DUSA largest drawdowns
Now 2.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −36.7% | Mar 23, 2020 | Nov 9, 2020 | 33 days | 9 months |
| Jan 12, 2022 | −30.5% | Sep 30, 2022 | Dec 18, 2023 | 9 months | 1.9 years |
| Aug 29, 2018 | −24.7% | Dec 24, 2018 | Nov 4, 2019 | 4 months | 1.2 years |
| Feb 13, 2025 | −16.8% | Apr 8, 2025 | Jun 27, 2025 | 54 days | 4 months |
| Jan 26, 2018 | −11.2% | Apr 2, 2018 | Jul 24, 2018 | 2 months | 6 months |
| Jul 16, 2024 | −10.1% | Aug 5, 2024 | Oct 14, 2024 | 20 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DUSA risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +22.1% | +11.7% | +12.4% |
| Volatility (annualized) | 13.8% | 16.9% | 17.8% |
| Sharpe ratio | 1.21 | 0.53 | 0.62 |
| Sortino ratio | 2.49 | 0.85 | 0.94 |
| Best month | +9.1% | +11.2% | +14.9% |
| Worst month | −5.5% | −9.9% | −18.3% |
| Best 12 months | +38.4% | +46.8% | +70.5% |
| Worst 12 months | +5.7% | −24.7% | −24.7% |
| Positive months | 61% | 55% | 63% |
| Beta vs S&P 500 | 0.88 | 0.91 | — |
| Correlation with S&P 500 | 0.79 | 0.84 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DUSA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 106 | −24.7% | +15.9% | +70.5% | 78% |
| 3-year (a year) | 82 | +0.0% | +10.6% | +26.1% | 100% |
| 5-year (a year) | 58 | +4.1% | +11.7% | +18.5% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
DUSA performance overview
Davis Select US Equity (DUSA) returned +18.2% over the past year and +11.4% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +12.6% a year, turning $10,000 into about $31,958. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −36.7%, from Feb 19, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. DUSA finished 6 of its 8 full calendar years with a gain; the best year was 2023 (+34.2%) and the worst 2022 (−19.6%). Volatility has been 17.8% a year.
Related: DUSA chart, DUSA holdings, DUSA dividends, DUSA valuation. See the DUSA overview for the latest quote and fund facts.
DUSA performance FAQ
What is the DUSA return over the past year?
DUSA returned +18.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 17.1%.
What is the average annual return of DUSA?
DUSA has returned +11.4% a year over 5 years, +12.6% a year since January 12, 2017 (total return, distributions reinvested).
How much would $10,000 invested in DUSA be worth?
$10,000 invested in DUSA at its first recorded close on January 12, 2017 would be worth about $31,958 on October 23, 2026 with distributions reinvested.
What was the worst year for DUSA?
The worst calendar year was 2022, with a total return of −19.6%. The best was 2023 at +34.2%.
What is the biggest drawdown of DUSA?
The largest peak-to-trough decline was −36.7% between February 19, 2020 and March 23, 2020. It recovered to the old high on November 9, 2020, 8 months after the bottom.
How volatile is DUSA?
Over the past 3 years DUSA had an annualized volatility of 13.8% and a Sharpe ratio of 1.21 (excess return over 1–3 month T-bills per unit of risk).