DFNL vs WBIG
Davis Select Financial ETF vs WBI BullBear Yield 3000 ETF
Which is better, DFNL or WBIG?
Each has led over a different period.
DFNL has a lower expense ratio. DFNL led over 3Y, 5Y and the full window, WBIG over 1Y. WBIG is less concentrated, with 23.9% 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 | WBIG |
|---|---|---|
| Expense Ratio | 0.63%Best | 1.59% |
| AUM | $442M | $31M |
| Dividend Yield | 1.37% | 1.17% |
| Holdings | 90 | 159 |
| YTD Return | -0.91% | +12.49%Best |
| 1Y Return | +8.37% | +11.17%Best |
| 3Y Return (annualized) | +22.68%Best | +7.85% |
| 5Y Return (annualized) | +10.68%Best | +1.53% |
| Volatility (annualized) | 19.8% | 11.7%Best |
| Max Drawdown | -44.5% | -25.3%Best |
| $10,000 over 5 years | $16,609Best | $10,789 |
| Top 10 Weight | 56.8% | 23.9%Best |
| Fund Family | Davis ETFs | WBI Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 11, 2017 | Aug 25, 2014 |
Volatility and max drawdown are measured over the window both funds cover: Jan 12, 2017 to Oct 14, 2026 (9.8 years).
DFNL vs WBIG 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 WBIG Performance
Davis Select Financial ETF (DFNL) is an ETF from Davis ETFs and WBI BullBear Yield 3000 ETF (WBIG) is an ETF from WBI Investments. Over the past year DFNL returned +8.37% while WBIG returned +11.17%. Year to date, DFNL is down 0.91% versus a gain of 12.49% for WBIG.
Over three years, DFNL compounded at +22.68% per year against +7.85% for WBIG; over five years the annualized figures are +10.68% and +1.53% respectively. Across the full 10-year window we track, DFNL has the edge at +11.26% annualized vs +3.38%.
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 11.7% for WBIG. 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 -25.3% for WBIG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFNL charges 0.63% per year while WBIG charges 1.59%. On a $10,000 position that is $63 vs $159 annually, a gap of $96 per year that compounds over a long holding period. On income, DFNL currently yields 1.37% against 1.17% for WBIG.
Holdings Overlap
10.6% of DFNL's money is in holdings WBIG also owns. 1.7% of WBIG's money is in holdings DFNL also owns.
DFNL and WBIG share little of their money.
1 positions in common, counted across the 30 positions we hold weights for in DFNL and 71 in WBIG, against full books of 90 and 159.
What only one of them owns
Our book lists 66 positions for WBIG that do not appear in our book for DFNL (90.9% of the fund), and 22 for DFNL that do not appear in WBIG (73.1%).
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 WBIG | Difference |
|---|---|---|---|
| COFCapital One Financial Corp. | 10.56% | 1.71% | 8.85% |
You are not choosing between two funds in isolation.
Whichever of DFNL and WBIG 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 WBIG?
DFNL has an expense ratio of 0.63% while WBIG charges 1.59%. DFNL is the cheaper option, by $96 a year on a $10,000 investment.
Which performed better, DFNL or WBIG?
Over the past year DFNL returned +8.37% vs +11.17% for WBIG, so WBIG leads on 1-year performance. Over the longest common window we track (10 years), DFNL annualized +11.26% vs +3.38% for WBIG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFNL or WBIG?
DFNL has been the more volatile fund at 19.8% annualized versus 11.7% for WBIG. Worst drawdown: DFNL -44.5% vs WBIG -25.3%.
Should I hold both DFNL and WBIG?
DFNL and WBIG have a monthly-return correlation of 0.70, 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 WBIG?
10.6% of DFNL's money is in holdings WBIG also owns. 1.7% of WBIG's is in holdings DFNL also owns. They hold 1 positions in common, counted across the 30 positions we hold weights for in DFNL and 71 in WBIG.
Which pays a higher dividend, DFNL or WBIG?
DFNL yields 1.37% while WBIG yields 1.17%, so DFNL currently pays the higher dividend yield.
Is WBIG better than DFNL?
DFNL has a lower expense ratio. DFNL led over 3Y, 5Y and the full window, WBIG over 1Y. WBIG is less concentrated, with 23.9% 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.