DFNL vs LSVD
Davis Select Financial ETF vs LSV Disciplined Value ETF
Which is better, DFNL or LSVD?
LSVD has been ahead.
LSVD has a lower expense ratio. LSVD led over 1Y and the full window. LSVD is less concentrated, with 35.0% 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 | LSVD |
|---|---|---|
| Expense Ratio | 0.63% | 0.40%Best |
| AUM | $442M | $678M |
| Dividend Yield | 1.37% | 0.27% |
| Holdings | 90 | 136 |
| YTD Return | -0.91% | +20.92%Best |
| 1Y Return | +8.37% | +30.07%Best |
| 3Y Return (annualized) | +22.68% | - |
| 5Y Return (annualized) | +10.68% | - |
| Volatility (annualized) | 13.5% | 13.3%Best |
| Max Drawdown | -16.1%Best | -19.3% |
| $10,000 over 1.8 years | $12,618 | $14,810Best |
| Top 10 Weight | 56.8% | 35.0%Best |
| Fund Family | Davis ETFs | LSV Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 11, 2017 | Dec 17, 2024 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 18, 2024 to Oct 14, 2026 (1.8 years).
DFNL vs LSVD 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 1.8 years both funds cover.
DFNL vs LSVD Performance
Davis Select Financial ETF (DFNL) is an ETF from Davis ETFs and LSV Disciplined Value ETF (LSVD) is an ETF from LSV Asset Management. Over the past year DFNL returned +8.37% while LSVD returned +30.07%. Year to date, DFNL is down 0.91% versus a gain of 20.92% for LSVD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFNL has been the more volatile fund, with annualized monthly volatility of 13.5% compared with 13.3% for LSVD. 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 -16.1% for DFNL and -19.3% for LSVD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DFNL charges 0.63% per year while LSVD charges 0.40%. On a $10,000 position that is $63 vs $40 annually, a gap of $23 per year that compounds over a long holding period. On income, DFNL currently yields 1.37% against 0.27% for LSVD.
Holdings Overlap
25.0% of DFNL's money is in holdings LSVD also owns. 4.5% of LSVD's money is in holdings DFNL also owns.
DFNL and LSVD share little of their money.
7 positions in common, counted across the 30 positions we hold weights for in DFNL and 135 in LSVD, against full books of 90 and 136.
What only one of them owns
Our book lists 126 positions for LSVD that do not appear in our book for DFNL (95.1% of the fund), and 16 for DFNL that do not appear in LSVD (58.6%).
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.
Top Shared Holdings
| Stock | Weight in DFNL | Weight in LSVD | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 4.60% | 1.57% | 3.03% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 5.53% | 0.56% | 4.97% |
| WFCWells Fargo & Co. | 4.91% | 0.34% | 4.57% |
| CBChubb Ltd. | 4.52% | 0.54% | 3.98% |
| STTState Street Corp. | 2.14% | 0.90% | 1.24% |
| BACBank of America Corp.: Financials | 2.30% | 0.45% | 1.85% |
| FIFiserv, Inc. (United States) | 1.01% | 0.17% | 0.84% |
25.0% of DFNL is already inside LSVD.
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 LSVD?
DFNL has an expense ratio of 0.63% while LSVD charges 0.40%. LSVD is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, DFNL or LSVD?
Over the past year DFNL returned +8.37% vs +30.07% for LSVD, so LSVD leads on 1-year performance. Over the longest common window we track (2 years), DFNL annualized +13.79% vs +24.38% for LSVD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFNL or LSVD?
DFNL has been the more volatile fund at 13.5% annualized versus 13.3% for LSVD. Worst drawdown: DFNL -16.1% vs LSVD -19.3%.
Should I hold both DFNL and LSVD?
DFNL and LSVD have a monthly-return correlation of 0.51, 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 LSVD?
25.0% of DFNL's money is in holdings LSVD also owns. 4.5% of LSVD's is in holdings DFNL also owns. They hold 7 positions in common, counted across the 30 positions we hold weights for in DFNL and 135 in LSVD.
Which pays a higher dividend, DFNL or LSVD?
DFNL yields 1.37% while LSVD yields 0.27%, so DFNL currently pays the higher dividend yield.
Is LSVD better than DFNL?
LSVD has a lower expense ratio. LSVD led over 1Y and the full window. LSVD is less concentrated, with 35.0% 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.