BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

DFNLvsFNCLETF Comparison

ETF 1

DFNL

Davis Select Financial ETF

This fund is part of

Uncategorized Equities

-0.83%

Full DFNL fund page

VS

ETF 2

FNCL

Fidelity MSCI Financials Index ETF

This fund is part of

US Financials

+0.15%

Full FNCL fund page

Davis Select Financial ETF (DFNL) belongs to the Uncategorized Equities segment. Fidelity MSCI Financials Index ETF (FNCL) is part of the US Financials segment. DFNL's top 3 sector exposures are Financials, Information Technology and Consumer Discretionary. In contrast, FNCL's top sector exposures are Financials, Information Technology and Real Estate. DFNL is more expensive with a Total Expense Ratio (TER) of 0.63%, versus 0.08% for FNCL. DFNL is down -2.05% year-to-date (YTD) with +$80M in YTD flows. FNCL performs worse with -4.14% YTD performance, and -$108M in YTD flows. Run a side-by-side ETF comparison of DFNL and FNCL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

DFNL vs FNCL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	DFNL FNCL	+7.88%+8.97%	-1.22%-1.71%	-2.05%-4.14%	+22.74%+11.95%	+77.46%+71.44%	+64.02%+58.34%
Flows	DFNL FNCL	+$58K-$96M	+$15M-$135M	+$80M-$108M	+$159M-$91M	+$182M+$55M	+$155M-$14M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DFNL FNCL	+17.62%+17.97%	+14.65%+15.21%	+16.88%+17.06%	+19.07%+19.40%
Max drawdown	DFNL FNCL	-12.61%-11.77%	-12.61%-14.71%	-16.11%-17.30%	-26.10%-25.71%
Max drawdown duration	DFNL FNCL	79d78d	79d111d	164d129d	788d770d

Trading data

Create an account to view trading data

Join for free

	DFNL	FNCL
Last sale 4/29/2026 at 1:30 PM	$46.67	$74.07
Previous close 04/28/2026	$47.23	$74.14
Consolidated volume 04/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

DFNL

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

	DFNL	FNCL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/29/2026 at 1:30 PM

Live

Closed

	DFNL	FNCL
Last price	$46.67	$74.07
1D performance	-1.20%	-0.09%
AuM	$467.88 M	$2.20 B
E/R	0.63%	0.08%

Characteristics

	DFNL	FNCL
Management strategy	Active	Passive
Provider	Davis ETFs	Fidelity
Benchmark	-	MSCI USA IMI Financials 25/50 Index
N° of holdings	30	345
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	January 11, 2017	October 21, 2013
ESG	No	No

More DFNL data on Trackinsight

More FNCL data on Trackinsight

Exposure

Countries

DFNL

USA

70.63%

Switzerland

9.26%

Bermuda

7.59%

Other

12.52%

FNCL

USA

95.48%

Other

4.52%

Sectors

DFNL

Financials

95.21%

Other

4.79%

FNCL

Financials

82.05%

Information Techn.

14.45%

Other

3.49%

Diversification

DFNL

Total weight of top 15 holdings out of 15

71.05%

FNCL

Total weight of top 15 holdings out of 15

56.08%

Top 15 holdings

Data as of March 31, 2026

DFNL

CAPITAL ONE FINANCIAL

9.90%

BERKSHIRE HATHWAY

5.90%

US

5.59%

FIFTH THIRD BANCORP

5.17%

MARKET CORPORATION

5.04%

CHUBB LTD

4.98%

WELLS FARGO

4.95%

PNC FINL SVC

4.81%

JPMORGAN CHASE

4.40%

JULIUS BAER

4.28%

AMERICAN EXPRESS

3.63%

LOEWS

3.44%

RENAISSANCERE

3.31%

DBS GROUP HOLDINGS

2.94%

EXOR SPA

2.72%

FNCL

JPMORGAN CHASE

10.02%

BERKSHIRE HATHWAY

8.25%

VISA INCORPORATION

6.51%

MASTERCARD

5.35%

BK OF AMERICA CO

4.17%

WELLS FARGO

3.13%

THE GOLDMAN SACHS GROUP

3.12%

CITIGROUP

2.54%

MORGAN STANLEY

2.45%

AMERICAN EXPRESS

2.08%

CHARLES SCHWAB

2.01%

US09290D1019

1.80%

S&P GLOBAL INC

1.61%

CHUBB LTD

1.53%

PROGRESSIVE

1.50%

Frequently asked questions about DFNL and FNCL

How have the DFNL and FNCL ETFs performed in 2026?

As of April 28, 2026, DFNL is down -2.05% year-to-date (YTD), while FNCL has lost -4.14%. That puts DFNL better performer ahead so far this year.

Which ETF is attracting more investor money: DFNL or FNCL?

Year-to-date, the DFNL ETF saw +$80M in flows, compared to -$108M for FNCL.

Which ETF is more volatile: DFNL or FNCL?

Over the past year, DFNL had a volatility of 14.65%, while FNCL experienced 15.21%.

Which ETF is bigger: DFNL or FNCL?

As of April 28, 2026, DFNL holds $467.88 M in assets under management (AUM), while FNCL manages $2.20 B.

What sectors do the DFNL and FNCL ETFs invest in?

DFNL leans toward sectors like Financials. Meanwhile, FNCL focuses on Financials and Information Technology.

What are the top holdings of the DFNL ETF and FNCL ETF?

DFNL top holdings include CAPITAL ONE FINANCIAL, BERKSHIRE HATHWAY and US. FNCL holds in its top three: JPMORGAN CHASE, BERKSHIRE HATHWAY and VISA INCORPORATION.

DFNLvsFNCLETF Comparison

Davis Select Financial ETF

Fidelity MSCI Financials Index ETF

DFNL vs FNCL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the DFNL and FNCL ETFs performed in 2026?

As of April 28, 2026, DFNL is down -2.05% year-to-date (YTD), while FNCL has lost -4.14%. That puts DFNL better performer ahead so far this year.

Which ETF is attracting more investor money: DFNL or FNCL?

Year-to-date, the DFNL ETF saw +$80M in flows, compared to -$108M for FNCL.

Which ETF is more volatile: DFNL or FNCL?

Over the past year, DFNL had a volatility of 14.65%, while FNCL experienced 15.21%.

Which ETF is bigger: DFNL or FNCL?

As of April 28, 2026, DFNL holds $467.88 M in assets under management (AUM), while FNCL manages $2.20 B.

What sectors do the DFNL and FNCL ETFs invest in?

DFNL leans toward sectors like Financials. Meanwhile, FNCL focuses on Financials and Information Technology.

What are the top holdings of the DFNL ETF and FNCL ETF?

DFNL top holdings include CAPITAL ONE FINANCIAL, BERKSHIRE HATHWAY and US. FNCL holds in its top three: JPMORGAN CHASE, BERKSHIRE HATHWAY and VISA INCORPORATION.

Which ETF is more diversified: DFNL or FNCL?

DFNL holds 31 securities with 71.05% of its assets in the top 15. FNCL has 383 securities and a top 15 weight of 56.08%.

Calamos Investments Powers the Next Phase of the Autocallable Revolution