DFNL vs FDIV
Davis Select Financial ETF vs MarketDesk Focused US Dividend ETF
Which is better, DFNL or FDIV?
DFNL has been ahead.
FDIV has a lower expense ratio. DFNL led over 1Y, 3Y and the full window. FDIV is less concentrated, with 33.0% 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 | FDIV |
|---|---|---|
| Expense Ratio | 0.63% | 0.35%Best |
| AUM | $442M | $53M |
| Dividend Yield | 1.37% | 2.61% |
| Holdings | 90 | 224 |
| YTD Return | -0.91% | -0.05%Best |
| 1Y Return | +8.37%Best | +2.12% |
| 3Y Return (annualized) | +22.68%Best | +6.26% |
| 5Y Return (annualized) | +10.68% | - |
| Volatility (annualized) | 15.3% | 12.8%Best |
| Max Drawdown | -16.5%Best | -18.6% |
| $10,000 over 3.1 years | $18,043Best | $11,722 |
| Top 10 Weight | 56.8% | 33.0%Best |
| Fund Family | Davis ETFs | MarketDesk Indices |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 11, 2017 | Sep 19, 2023 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 20, 2023 to Oct 14, 2026 (3.1 years).
DFNL vs FDIV 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 3.1 years both funds cover.
DFNL vs FDIV Performance
Davis Select Financial ETF (DFNL) is an ETF from Davis ETFs and MarketDesk Focused US Dividend ETF (FDIV) is an ETF from MarketDesk Indices. Over the past year DFNL returned +8.37% while FDIV returned +2.12%. Year to date, DFNL is down 0.91% versus a loss of 0.05% for FDIV.
Over three years, DFNL compounded at +22.68% per year against +6.26% for FDIV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFNL has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.8% for FDIV. 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 -18.6% for FDIV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFNL charges 0.63% per year while FDIV charges 0.35%. On a $10,000 position that is $63 vs $35 annually, a gap of $28 per year that compounds over a long holding period. On income, DFNL currently yields 1.37% against 2.61% for FDIV.
Holdings Overlap
16.1% of DFNL's money is in holdings FDIV also owns. 2.5% of FDIV's money is in holdings DFNL also owns.
DFNL and FDIV share little of their money.
4 positions in common, counted across the 30 positions we hold weights for in DFNL and 111 in FDIV, against full books of 90 and 224.
What only one of them owns
Our book lists 102 positions for FDIV that do not appear in our book for DFNL (95.4% of the fund), and 19 for DFNL that do not appear in FDIV (67.6%).
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 FDIV 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 FDIV?
DFNL has an expense ratio of 0.63% while FDIV charges 0.35%. FDIV is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, DFNL or FDIV?
Over the past year DFNL returned +8.37% vs +2.12% for FDIV, so DFNL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFNL or FDIV?
DFNL has been the more volatile fund at 15.3% annualized versus 12.8% for FDIV. Worst drawdown: DFNL -16.5% vs FDIV -18.6%.
Should I hold both DFNL and FDIV?
DFNL and FDIV have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DFNL and FDIV?
16.1% of DFNL's money is in holdings FDIV also owns. 2.5% of FDIV's is in holdings DFNL also owns. They hold 4 positions in common, counted across the 30 positions we hold weights for in DFNL and 111 in FDIV.
Which pays a higher dividend, DFNL or FDIV?
DFNL yields 1.37% while FDIV yields 2.61%, so FDIV currently pays the higher dividend yield.
Is FDIV better than DFNL?
FDIV has a lower expense ratio. DFNL led over 1Y, 3Y and the full window. FDIV is less concentrated, with 33.0% 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.