DFNL vs OAKM
Davis Select Financial ETF vs Oakmark US Large Cap ETF
Which is better, DFNL or OAKM?
OAKM has been ahead.
OAKM has a lower expense ratio. OAKM led over 1Y and the full window. OAKM 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 | OAKM |
|---|---|---|
| Expense Ratio | 0.63% | 0.59%Best |
| AUM | $442M | $1.1B |
| Dividend Yield | 1.37% | 0.65% |
| Holdings | 90 | 41 |
| YTD Return | -0.91% | +6.05%Best |
| 1Y Return | +8.37% | +14.80%Best |
| 3Y Return (annualized) | +22.68% | - |
| 5Y Return (annualized) | +10.68% | - |
| Volatility (annualized) | 13.5% | 12.2%Best |
| Max Drawdown | -16.1% | -15.2%Best |
| $10,000 over 1.9 years | $11,936 | $12,344Best |
| Top 10 Weight | 56.8% | 35.0%Best |
| Fund Family | Davis ETFs | Oakmark Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 11, 2017 | Dec 3, 2024 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Dec 3, 2024 to Oct 14, 2026 (1.9 years).
DFNL vs OAKM 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 1.9 years both funds cover.
DFNL vs OAKM Performance
Davis Select Financial ETF (DFNL) is an ETF from Davis ETFs and Oakmark US Large Cap ETF (OAKM) is an ETF from Oakmark Funds. Over the past year DFNL returned +8.37% while OAKM returned +14.80%. Year to date, DFNL is down 0.91% versus a gain of 6.05% for OAKM.
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 12.2% for OAKM. 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 -15.2% for OAKM. 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 OAKM charges 0.59%. On a $10,000 position that is $63 vs $59 annually, a gap of $4 per year that compounds over a long holding period. On income, DFNL currently yields 1.37% against 0.65% for OAKM.
Holdings Overlap
22.1% of DFNL's money is in holdings OAKM also owns. 17.1% of OAKM's money is in holdings DFNL also owns.
DFNL and OAKM share little of their money.
6 positions in common, counted across the 30 positions we hold weights for in DFNL and 39 in OAKM, against full books of 90 and 41.
What only one of them owns
Our book lists 30 positions for OAKM that do not appear in our book for DFNL (75.8% of the fund), and 17 for DFNL that do not appear in OAKM (61.5%).
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
22.1% of DFNL is already inside OAKM.
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 OAKM?
DFNL has an expense ratio of 0.63% while OAKM charges 0.59%. OAKM is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, DFNL or OAKM?
Over the past year DFNL returned +8.37% vs +14.80% for OAKM, so OAKM leads on 1-year performance. Over the longest common window we track (2 years), DFNL annualized +9.76% vs +11.72% for OAKM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFNL or OAKM?
DFNL has been the more volatile fund at 13.5% annualized versus 12.2% for OAKM. Worst drawdown: DFNL -16.1% vs OAKM -15.2%.
Should I hold both DFNL and OAKM?
DFNL and OAKM 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.
What is the holdings overlap between DFNL and OAKM?
22.1% of DFNL's money is in holdings OAKM also owns. 17.1% of OAKM's is in holdings DFNL also owns. They hold 6 positions in common, counted across the 30 positions we hold weights for in DFNL and 39 in OAKM.
Which pays a higher dividend, DFNL or OAKM?
DFNL yields 1.37% while OAKM yields 0.65%, so DFNL currently pays the higher dividend yield.
Is OAKM better than DFNL?
OAKM has a lower expense ratio. OAKM led over 1Y and the full window. OAKM 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.