DFNL vs FFLV
Davis Select Financial ETF vs Fidelity Fundamental Large Cap Value ETF
Which is better, DFNL or FFLV?
Each has led over a different period.
FFLV has a lower expense ratio. DFNL led over the full window, FFLV over 1Y. FFLV is less concentrated, with 33.3% 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 | FFLV |
|---|---|---|
| Expense Ratio | 0.63% | 0.38%Best |
| AUM | $442M | $18M |
| Dividend Yield | 1.37% | 1.36% |
| Holdings | 90 | 230 |
| YTD Return | -0.91% | +14.51%Best |
| 1Y Return | +8.37% | +21.86%Best |
| 3Y Return (annualized) | +22.68% | - |
| 5Y Return (annualized) | +10.68% | - |
| Volatility (annualized) | 14.8% | 12.4%Best |
| Max Drawdown | -16.5%Best | -16.7% |
| $10,000 over 2.6 years | $15,558Best | $14,372 |
| Top 10 Weight | 56.8% | 33.3%Best |
| Fund Family | Davis ETFs | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 11, 2017 | Feb 9, 2024 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 26, 2024 to Oct 14, 2026 (2.6 years).
DFNL vs FFLV 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 2.6 years both funds cover.
DFNL vs FFLV Performance
Davis Select Financial ETF (DFNL) is an ETF from Davis ETFs and Fidelity Fundamental Large Cap Value ETF (FFLV) is an ETF from Fidelity Investments (US). Over the past year DFNL returned +8.37% while FFLV returned +21.86%. Year to date, DFNL is down 0.91% versus a gain of 14.51% for FFLV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFNL has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 12.4% for FFLV. 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 -16.7% for FFLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFNL charges 0.63% per year while FFLV charges 0.38%. On a $10,000 position that is $63 vs $38 annually, a gap of $25 per year that compounds over a long holding period. On income, DFNL currently yields 1.37% against 1.36% for FFLV.
Holdings Overlap
37.8% of DFNL's money is in holdings FFLV also owns. 12.3% of FFLV's money is in holdings DFNL also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 30 positions we hold weights for in DFNL and 115 in FFLV, against full books of 90 and 230.
What only one of them owns
Our book lists 93 positions for FFLV that do not appear in our book for DFNL (78.9% of the fund), and 14 for DFNL that do not appear in FFLV (45.9%).
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.
Top Shared Holdings
| Stock | Weight in DFNL | Weight in FFLV | Difference |
|---|---|---|---|
| COFCapital One Financial Corp. | 10.56% | 1.20% | 9.36% |
| USBUS Bancorp | 6.39% | 1.52% | 4.87% |
| WFCWells Fargo & Co. | 4.91% | 2.59% | 2.32% |
| CBChubb Ltd. | 4.52% | 0.90% | 3.62% |
| PNCPnc Financial Services Group Inc. | 4.40% | 0.37% | 4.03% |
| BACBank of America Corp.: Financials | 2.30% | 2.28% | 0.02% |
| STTState Street Corp. | 2.14% | 0.93% | 1.21% |
| SCHWSchwab Strategic T | 1.17% | 1.47% | 0.30% |
| MTBM&T Bank Corp | 1.40% | 1.00% | 0.40% |
37.8% of DFNL is already inside FFLV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DFNL or FFLV?
DFNL has an expense ratio of 0.63% while FFLV charges 0.38%. FFLV is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, DFNL or FFLV?
Over the past year DFNL returned +8.37% vs +21.86% for FFLV, so FFLV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFNL or FFLV?
DFNL has been the more volatile fund at 14.8% annualized versus 12.4% for FFLV. Worst drawdown: DFNL -16.5% vs FFLV -16.7%.
Should I hold both DFNL and FFLV?
DFNL and FFLV have a monthly-return correlation of 0.84, 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 FFLV?
37.8% of DFNL's money is in holdings FFLV also owns. 12.3% of FFLV's is in holdings DFNL also owns. They hold 9 positions in common, counted across the 30 positions we hold weights for in DFNL and 115 in FFLV.
Which pays a higher dividend, DFNL or FFLV?
DFNL yields 1.37% while FFLV yields 1.36%, so DFNL currently pays the higher dividend yield.
Is FFLV better than DFNL?
FFLV has a lower expense ratio. DFNL led over the full window, FFLV over 1Y. FFLV is less concentrated, with 33.3% 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.