DFNL vs IVV
Davis Select Financial ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | DFNL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.61% | 0.03% | |
| AUM | $495M | $907.0B | |
| Dividend Yield | 1.29% | 1.10% | |
| Holdings | 33 | 508 | |
| YTD Return | +8.97% | +14.29% | |
| 1Y Return | +19.68% | +21.79% | |
| 3Y Return (annualized) | +25.01% | +22.19% | |
| 5Y Return (annualized) | +12.98% | +13.28% | |
| Volatility (annualized) | 19.9% | 15.1% | |
| Max Drawdown | -44.5% | -56.5% | |
| Fund Family | Davis ETFs | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jan 11, 2017 | May 15, 2000 |
DFNL vs IVV Performance
Davis Select Financial ETF (DFNL) is a ETF from Davis ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DFNL returned +19.68% while IVV returned +21.79%. Year to date, DFNL is up 8.97% versus a gain of 14.29% for IVV.
Over three years, DFNL compounded at +25.01% per year against +22.19% for IVV; over five years the annualized figures are +12.98% and +13.28% respectively. Across the full 10-year window we track, DFNL has the edge at +12.58% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFNL has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 15.1% for IVV. 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFNL charges 0.61% per year while IVV charges 0.03%. On a $10,000 position that is $61 vs $3 annually, a gap of $58 per year that compounds over a long holding period. On income, DFNL currently yields 1.29% against 1.10% for IVV.
Holdings Overlap
DFNL and IVV share 18 holdings out of 518 unique holdings combined, representing a 5.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DFNL or IVV?
DFNL has an expense ratio of 0.61% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, DFNL or IVV?
Over the past year DFNL returned +19.68% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), DFNL annualized +12.58% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, DFNL or IVV?
DFNL has been the more volatile fund at 19.9% annualized versus 15.1% for IVV. Worst drawdown: DFNL -44.5% vs IVV -56.5%.
Should I hold both DFNL and IVV?
DFNL and IVV have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFNL and IVV?
DFNL and IVV share 18 common holdings with a 5.7% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, DFNL or IVV?
DFNL yields 1.29% while IVV yields 1.10%, so DFNL currently pays the higher dividend yield.
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