DFNL vs ECML
Davis Select Financial ETF vs Euclidean Fundamental Value ETF
Which is better, DFNL or ECML?
Each has led over a different period.
DFNL has a lower expense ratio. DFNL led over 3Y and the full window, ECML over 1Y. ECML is less concentrated, with 20.7% of the fund in its ten largest positions against 56.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DFNL | ECML |
|---|---|---|
| Expense Ratio | 0.63%Best | 0.95% |
| AUM | $442M | $126M |
| Dividend Yield | 1.37% | 1.17% |
| Holdings | 90 | 130 |
| YTD Return | -0.91% | +18.99%Best |
| 1Y Return | +8.37% | +24.66%Best |
| 3Y Return (annualized) | +22.68%Best | +14.57% |
| 5Y Return (annualized) | +10.68% | - |
| Volatility (annualized) | 15.8%Best | 18.8% |
| Max Drawdown | -16.5%Best | -25.4% |
| $10,000 over 3.4 years | $19,017Best | $16,212 |
| Top 10 Weight | 56.8% | 20.7%Best |
| Fund Family | Davis ETFs | Euclidean Technologies |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 11, 2017 | May 18, 2023 |
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 18, 2023 to Oct 14, 2026 (3.4 years).
DFNL vs ECML growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
DFNL vs ECML Performance
Davis Select Financial ETF (DFNL) is an ETF from Davis ETFs and Euclidean Fundamental Value ETF (ECML) is an ETF from Euclidean Technologies. Over the past year DFNL returned +8.37% while ECML returned +24.66%. Year to date, DFNL is down 0.91% versus a gain of 18.99% for ECML.
Over three years, DFNL compounded at +22.68% per year against +14.57% for ECML.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ECML has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 15.8% for DFNL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.5% for DFNL and -25.4% for ECML. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFNL charges 0.63% per year while ECML charges 0.95%. On a $10,000 position that is $63 vs $95 annually, a gap of $32 per year that compounds over a long holding period. On income, DFNL currently yields 1.37% against 1.17% for ECML.
Holdings Overlap
We hold position weights for 30 holdings in DFNL and 64 in ECML, totalling 100.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 30 positions we hold weights for in DFNL and 64 in ECML, against full books of 90 and 130.
What only one of them owns
Our book lists 63 positions for ECML that do not appear in our book for DFNL (98.4% of the fund), and 23 for DFNL that do not appear in ECML (83.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of DFNL and ECML you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DFNL or ECML?
DFNL has an expense ratio of 0.63% while ECML charges 0.95%. DFNL is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, DFNL or ECML?
Over the past year DFNL returned +8.37% vs +24.66% for ECML, so ECML leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFNL or ECML?
ECML has been the more volatile fund at 18.8% annualized versus 15.8% for DFNL. Worst drawdown: DFNL -16.5% vs ECML -25.4%.
Should I hold both DFNL and ECML?
DFNL and ECML have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DFNL or ECML?
DFNL yields 1.37% while ECML yields 1.17%, so DFNL currently pays the higher dividend yield.
Is ECML better than DFNL?
DFNL has a lower expense ratio. DFNL led over 3Y and the full window, ECML over 1Y. ECML is less concentrated, with 20.7% of the fund in its ten largest positions against 56.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.