Shareholder Report | 6 Months Ended |
Jun. 30, 2024 USD ($) Holding |
Shareholder Report [Line Items] | | |
Document Type | N-CSRS | |
Amendment Flag | false | |
Registrant Name | DAVIS VARIABLE ACCOUNT FUND INC | |
Entity Central Index Key | 0001084060 | |
Document Period End Date | Jun. 30, 2024 | |
C000009558 [Member] | | |
Shareholder Report [Line Items] | | |
Fund Name | Davis Financial Portfolio | |
Class Name | Davis Financial Portfolio | |
Trading Symbol | QDFPAX | |
Annual or Semi-Annual Statement [Text Block] | This Semi-Annual shareholder report contains important information about the Davis Financial Portfolio (the “Fund”) for the period of January 1, 2024 to June 30, 2024 (the “period”). | |
Shareholder Report Annual or Semi-Annual | Semi-Annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at davisfunds.com/resources/regulatory-documents | |
Additional Information Phone Number | 1-800-279-0279 | |
Additional Information Website | davisfunds.com/resources/regulatory-documents | |
Expenses [Text Block] | What were the Fund expenses for the last six months? (Based on a hypothetical $10,000 investment) Fund Costs of $10,000 investment Costs paid as a percentage of a $10,000 investment Davis Financial Portfolio $ 0.77 % * * Annualized. | |
Expenses Paid, Amount | $ 40.31 | |
Expense Ratio, Percent | 0.77% | [1] |
Factors Affecting Performance [Text Block] | Management’s Discussion of Fund Performance Summary of Results The Fund outperformed the S&P 500 ® ® Market Overview S&P 500 ® Strongest performing industries - Consumer Finance (+19%), Banks (+17%), and Insurance (+14%) Weakest performing industries - Capital Markets (+3%) and Financial Services (+7%) Contributors to Performance Significantly overweight in Banks - (average weighting 46% vs 25%) Wells Fargo (+22%) and JPMorgan Chase (+20%) - two largest individual contributors DBS Group Holdings (+18%) and Danske Bank (+16%) Capital Markets - outperformed the Index industry (+11% vs +3%) and underweight (average weighting 12% vs 22%) Bank of New York Mellon (+17%) Overweight in Consumer Finance (average weighting 14% vs 4%) American Express (+24%) and Capital One Financial (+7%) Underweight in Financial Services (average weighting 8% vs 33%) Berkshire Hathaway (+13%) Individual Insurance holdings Chubb (+14%) and Markel (+11%) Detractors from Performance Banks - underperformed the Index industry (+12% vs +17%) U.S. Bancorp (-6%) - largest individual detractor DNB Bank (flat) and Metro Bank Holdings (-1%) Consumer Finance - underperformed the Index industry (+12% vs +19%) Individual holding Rocket Companies (-5%) | |
Performance Past Does Not Indicate Future [Text] | The performance data quoted in this report represents past performance, assumes that all distributions were reinvested, and is not a guarantee of future results. | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURN FOR PERIODS ENDED 06/30/24 1 Year 5 Years 10 Years Davis Financial Portfolio 26.32 % 9.85 % 9.24 % S&P 500 ® 24.56 % 15.03 % 12.85 % S&P 500 ® 24.21 % 10.57 % 10.57 % | |
Updated Performance Information Location [Text Block] | For most recent month-end performance information, please call Investor Services at 1-800-279-0279 or visit the Fund’s website at www.davisfunds.com. | |
Net Assets | $ 51,800,000 | |
Holdings Count | Holding | 26 | |
Advisory Fees Paid, Amount | $ 150,500 | |
Investment Company Portfolio Turnover | 0% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics Fund net assets as of 06/30/24 (in millions) $ % Total number of portfolio holdings as of 06/30/24 $ % Portfolio turnover rate for the period $ % Total advisory fees paid for the period (in thousands) $ % | |
Holdings [Text Block] | Top Industries as of 06/30/24 Net Assets Banks 45.90 % Insurance 14.97 % Consumer Finance 14.69 % Capital Markets 11.79 % Financial Services 8.35 % | |
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[1]Annualized. |