Shareholder Report | 12 Months Ended |
Dec. 31, 2024 USD ($) Holding |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | DAVIS VARIABLE ACCOUNT FUND INC |
Entity Central Index Key | 0001084060 |
Entity Investment Company Type | N-1A |
Document Period End Date | Dec. 31, 2024 |
C000009558 [Member] | |
Shareholder Report [Line Items] | |
Fund Name | Davis Financial Portfolio |
Trading Symbol | QDFPAX |
Annual or Semi-Annual Statement [Text Block] | This Annual shareholder report contains important information about the Davis Financial Portfolio (the “Fund”) for the period of January 1, 2024 to December 31, 2024 (the “period”). |
Shareholder Report Annual or Semi-Annual | 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 year? (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 $ 0.76 % |
Expenses Paid, Amount | $ 87 |
Expense Ratio, Percent | 0.76% |
Factors Affecting Performance [Text Block] | Management’s Discussion of Fund Performance Summary of Results The Fund underperformed the S&P 500 Financials Index (the “Index”) for the period. The Fund delivered a total return of 29.50%, versus a 30.56% return for the Index. The Fund outperformed the 25.02% return of the S&P 500 Index. The Fund invests, under normal conditions, at least 80% of its net assets in common stocks (including American Depositary Receipts) issued by companies principally engaged in the financial services sector. The Fund continues to invest a significant portion of its assets in foreign companies. Market Overview S&P 500 Financials Strongest performing industries - Consumer Finance (+55%) and Banks (+38%) Weakest performing industries - Financial Services (+26%), Capital Markets (+27%), and Insurance (+27%) Detractors from Performance Financial Services - underperformed the Index industry (+9% vs +26%) Rocket Companies (-22%) - largest individual detractor Banks - underperformed the Index industry (+33% vs +38%) DNB Bank (+2%) Consumer Finance - underperformed the Index industry (+45% vs +55%) Repurchase agreement position (cash) in a strong market environment (2% average position) Contributors to Performance Overweight in Consumer Finance (average weighting 14% vs 4%) Capital One Financial (+38%) - largest individual contributor American Express (+60%) Significantly overweight in Banks - (average weighting 46% vs 25%) Wells Fargo (+46%), JPMorgan Chase (+44%), DBS Group Holdings (+47%), Fifth Third Bancorp (+27%), Capital Markets - outperformed the Index industry (+35% vs +27%) and underweight (average weighting 12% vs 22%) Bank of New York Mellon (+52%) Individual holdings Berkshire Hathaway (+25%) and Chubb (+24%) |
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. |
Line Graph [Table Text Block] | Fund Performance The following graph compares the initial and subsequent account values of a $10,000 investment in the Fund, the S&P 500 Index, and the S&P 500 Financials Index , GROWTH OF $10,000 |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURN FOR PERIODS ENDED 12/31/24 1 Year 5 Years 10 Years Davis Financial Portfolio 29.50 % 10.87 % 10.29 % S&P 500 Index 25.02 % 14.51 % 13.09 % S&P 500 Financials Index 30.56 % 11.69 % 11.42 % |
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 | $ 56,400,000 |
Holdings Count | Holding | 27 |
Advisory Fees Paid, Amount | $ 305,400 |
Investment Company Portfolio Turnover | 2% |
Additional Fund Statistics [Text Block] | Key Fund Statistics Fund net assets as of 12/31/24 (in millions) $ Total number of portfolio holdings as of 12/31/24 27 Portfolio turnover rate for the period 2 % Total advisory fees paid for the period (in thousands) $ |
Holdings [Text Block] | Top Industries as of 12/31/24 Net Assets Banks 46.32 % Insurance 16.50 % Consumer Finance 15.39 % Capital Markets 11.94 % Financial Services 6.57 % |