DFNL vs VOO
Davis Select Financial ETF vs Vanguard S&P 500 ETF
Which is better, DFNL or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. DFNL led over 3Y and 5Y, VOO over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 57.1%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.61% | 0.03%Best |
| AUM | $486M | $997.4B |
| Dividend Yield | 1.29% | 1.08% |
| Holdings | 31 | 509 |
| YTD Return | +7.68% | +13.37%Best |
| 1Y Return | +15.16% | +20.08%Best |
| 3Y Return (annualized) | +24.97%Best | +21.29% |
| 5Y Return (annualized) | +13.54%Best | +12.89% |
| Volatility (annualized) | 19.8% | 15.6%Best |
| Max Drawdown | -44.5% | -34.3%Best |
| $10,000 over 5 years | $18,869Best | $18,335 |
| Top 10 Weight | 57.1% | 36.4%Best |
| Fund Family | Davis ETFs | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jan 11, 2017 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jan 12, 2017 to Sep 4, 2026 (9.6 years).
DFNL vs VOO 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 9.6 years both funds cover.
DFNL vs VOO Performance
Davis Select Financial ETF (DFNL) is an ETF from Davis ETFs and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year DFNL returned +15.16% while VOO returned +20.08%. Year to date, DFNL is up 7.68% versus a gain of 13.37% for VOO.
Over three years, DFNL compounded at +24.97% per year against +21.29% for VOO; over five years the annualized figures are +13.54% and +12.89% respectively. Across the full 10-year window we track, VOO has the edge at +14.46% annualized vs +12.36%.
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 15.6% for VOO. 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 -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 VOO 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 1.08% for VOO.
Holdings Overlap
68.8% of DFNL's money is in holdings VOO also owns. 5.4% of VOO's money is in holdings DFNL also owns.
The two portfolios partly overlap.
18 positions in common, counted across the 31 positions we hold weights for in DFNL and 505 in VOO, against full books of 31 and 509.
What only one of them owns
Our book lists 479 positions for VOO that do not appear in our book for DFNL (94.1% of the fund), and 5 for DFNL that do not appear in VOO (15.3%).
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 VOO | Difference |
|---|---|---|---|
| COFCapital One Financial Corp. | 11.08% | 0.19% | 10.89% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 5.26% | 1.42% | 3.84% |
| USBUS Bancorp | 6.39% | 0.15% | 6.24% |
| FITBFifth Third Bancorp | 6.04% | 0.08% | 5.96% |
| JPMJpmorgan Chase | 4.40% | 1.26% | 3.14% |
| WFCWells Fargo & Co. | 4.83% | 0.39% | 4.44% |
| PNCPnc Financial Services Group Inc. | 4.66% | 0.15% | 4.51% |
| CBChubb Ltd. | 4.37% | 0.19% | 4.18% |
| AXPAmerican Express Co. | 3.43% | 0.28% | 3.15% |
| LLoews Corp | 3.05% | 0.03% | 3.02% |
68.8% of DFNL is already inside VOO.
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 VOO?
DFNL has an expense ratio of 0.61% while VOO charges 0.03%. VOO is the cheaper option, by $58 a year on a $10,000 investment.
Which performed better, DFNL or VOO?
Over the past year DFNL returned +15.16% vs +20.08% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (10 years), DFNL annualized +12.36% vs +14.46% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFNL or VOO?
DFNL has been the more volatile fund at 19.8% annualized versus 15.6% for VOO. Worst drawdown: DFNL -44.5% vs VOO -34.3%.
Should I hold both DFNL and VOO?
DFNL and VOO have a monthly-return correlation of 0.79, 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 VOO?
68.8% of DFNL's money is in holdings VOO also owns. 5.4% of VOO's is in holdings DFNL also owns. They hold 18 positions in common, counted across the 31 positions we hold weights for in DFNL and 505 in VOO.
Which pays a higher dividend, DFNL or VOO?
DFNL yields 1.29% while VOO yields 1.08%, so DFNL currently pays the higher dividend yield.
Is VOO better than DFNL?
VOO has a lower expense ratio. DFNL led over 3Y and 5Y, VOO over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 57.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.