DFNL vs SCHV
Davis Select Financial ETF vs Schwab US Large-Cap Value ETF
Which is better, DFNL or SCHV?
Each has led over a different period.
SCHV has a lower expense ratio. DFNL led over 3Y, 5Y and the full window, SCHV over 1Y. The two have moved almost in lockstep, correlation 0.90. SCHV is less concentrated, with 20.0% 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 | SCHV |
|---|---|---|
| Expense Ratio | 0.63% | 0.04%Best |
| AUM | $442M | $15.4B |
| Dividend Yield | 1.37% | 1.88% |
| Holdings | 90 | 560 |
| YTD Return | -0.91% | +15.04%Best |
| 1Y Return | +8.37% | +19.24%Best |
| 3Y Return (annualized) | +22.68%Best | +19.07% |
| 5Y Return (annualized) | +10.68%Best | +10.35% |
| Volatility (annualized) | 19.8% | 15.5%Best |
| Max Drawdown | -44.5% | -37.1%Best |
| $10,000 over 5 years | $16,609Best | $16,363 |
| Top 10 Weight | 56.8% | 20.0%Best |
| Fund Family | Davis ETFs | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 11, 2017 | Dec 11, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Jan 12, 2017 to Oct 14, 2026 (9.8 years).
DFNL vs SCHV 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 9.8 years both funds cover.
DFNL vs SCHV Performance
Davis Select Financial ETF (DFNL) is an ETF from Davis ETFs and Schwab US Large-Cap Value ETF (SCHV) is an ETF from Charles Schwab Asset Management. Over the past year DFNL returned +8.37% while SCHV returned +19.24%. Year to date, DFNL is down 0.91% versus a gain of 15.04% for SCHV.
Over three years, DFNL compounded at +22.68% per year against +19.07% for SCHV; over five years the annualized figures are +10.68% and +10.35% respectively. Across the full 10-year window we track, DFNL has the edge at +11.26% annualized vs +9.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFNL has been the more volatile fund, with annualized monthly volatility of 19.8% compared with 15.5% for SCHV. 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 -44.5% for DFNL and -37.1% for SCHV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DFNL charges 0.63% per year while SCHV charges 0.04%. On a $10,000 position that is $63 vs $4 annually, a gap of $59 per year that compounds over a long holding period. On income, DFNL currently yields 1.37% against 1.88% for SCHV.
Holdings Overlap
79.1% of DFNL's money is in holdings SCHV also owns. 11.9% of SCHV's money is in holdings DFNL also owns.
Most of DFNL is already inside SCHV. Owning both mostly buys the same companies twice.
21 positions in common, counted across the 30 positions we hold weights for in DFNL and 567 in SCHV, against full books of 90 and 560.
What only one of them owns
Our book lists 535 positions for SCHV that do not appear in our book for DFNL (87.2% of the fund), and 2 for DFNL that do not appear in SCHV (4.6%).
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 SCHV | Difference |
|---|---|---|---|
| COFCapital One Financial Corp. | 10.56% | 0.40% | 10.16% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 5.53% | 3.17% | 2.36% |
| JPMJpmorgan Chase | 4.60% | 2.99% | 1.61% |
| USBUS Bancorp | 6.39% | 0.30% | 6.09% |
| FITBFifth Third Bancorp | 5.73% | 0.16% | 5.57% |
| MKLMarkel Group Inc | 5.69% | 0.07% | 5.62% |
| WFCWells Fargo & Co. | 4.91% | 0.82% | 4.09% |
| CBChubb Ltd. | 4.52% | 0.39% | 4.13% |
| PNCPnc Financial Services Group Inc. | 4.40% | 0.30% | 4.10% |
| AXPAmerican Express Co. | 3.25% | 0.54% | 2.71% |
79.1% of DFNL is already inside SCHV.
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 SCHV?
DFNL has an expense ratio of 0.63% while SCHV charges 0.04%. SCHV is the cheaper option, by $59 a year on a $10,000 investment.
Which performed better, DFNL or SCHV?
Over the past year DFNL returned +8.37% vs +19.24% for SCHV, so SCHV leads on 1-year performance. Over the longest common window we track (10 years), DFNL annualized +11.26% vs +9.37% for SCHV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFNL or SCHV?
DFNL has been the more volatile fund at 19.8% annualized versus 15.5% for SCHV. Worst drawdown: DFNL -44.5% vs SCHV -37.1%.
Should I hold both DFNL and SCHV?
DFNL and SCHV have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DFNL and SCHV?
79.1% of DFNL's money is in holdings SCHV also owns. 11.9% of SCHV's is in holdings DFNL also owns. They hold 21 positions in common, counted across the 30 positions we hold weights for in DFNL and 567 in SCHV.
Which pays a higher dividend, DFNL or SCHV?
DFNL yields 1.37% while SCHV yields 1.88%, so SCHV currently pays the higher dividend yield.
Is SCHV better than DFNL?
SCHV has a lower expense ratio. DFNL led over 3Y, 5Y and the full window, SCHV over 1Y. The two have moved almost in lockstep, correlation 0.90. SCHV is less concentrated, with 20.0% 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.