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DFNLvsIAIETF Comparison
iShares U.S. Broker-Dealers & Securities Exchanges ETF
Davis Select Financial ETF (DFNL) belongs to the Uncategorized Equities segment. iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is part of the US Financials segment. DFNL's top 3 sector exposures are Financials, Information Technology and Consumer Discretionary. In contrast, IAI's top sector exposures are Financials, DFNL is more expensive with a Total Expense Ratio (TER) of 0.63%, versus 0.38% for IAI. DFNL is down -7.8% year-to-date (YTD) with +$72M in YTD flows. IAI performs worse with -10% YTD performance, and +$100M in YTD flows. Run a side-by-side ETF comparison of DFNL and IAI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
DFNL vs IAI performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFNL IAI | -7.37%-3.30% | -8.47%-10.34% | -7.80%-10.00% | +16.92%+19.36% | +73.73%+93.37% | +60.30%+80.66% |
| Flows | DFNL IAI | --$136M | +$92M+$191M | +$72M+$100M | +$152M-$145K | +$171M+$212M | +$154M+$740M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFNL IAI | +15.82%+25.04% | +18.50%+24.38% | +17.28%+20.18% | +19.07%+21.37% |
| Max drawdown | DFNL IAI | -10.57%-15.19% | -13.38%-16.81% | -16.11%-23.13% | -26.10%-28.75% |
| Max drawdown duration | DFNL IAI | 32d56d | 45d43d | 164d120d | 788d850d |
DFNL | IAI | |
Last sale 3/13/2026 at 1:30 PM | $44.22 | $162.06 |
| Previous close 03/12/2026 | $44.40 | $161.38 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
DFNL | IAI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
DFNL | IAI | |
|---|---|---|
| Last price | $44.22 | $162.06 |
| 1D performance | -0.41% | +0.42% |
| AuM | $432.64 M | $1.54 B |
| E/R | 0.63% | 0.38% |
DFNL | IAI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Davis ETFs | iShares |
| Benchmark | - | Dow Jones U.S. Select Investment Services Index |
| N° of holdings | 30 | 31 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 11, 2017 | May 1, 2006 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the DFNL and IAI ETFs performed in 2026?
As of March 12, 2026, DFNL is down -7.8% year-to-date (YTD), while IAI has lost -10%. That puts DFNL better performer ahead so far this year.
Which ETF is attracting more investor money: DFNL or IAI?
Year-to-date, the DFNL ETF saw +$72M in flows, compared to +$100M for IAI.
Which ETF is more volatile: DFNL or IAI?
Over the past year, DFNL had a volatility of 18.5%, while IAI experienced 24.38%.
Which ETF is bigger: DFNL or IAI?
As of March 12, 2026, DFNL holds $432.64 M in assets under management (AUM), while IAI manages $1.54 B.
What sectors do the DFNL and IAI ETFs invest in?
DFNL leans toward sectors like Financials. Meanwhile, IAI focuses on Financials.
What are the top holdings of the DFNL ETF and IAI ETF?
DFNL top holdings include CAPITAL ONE FINANCIAL, US and BERKSHIRE HATHWAY. IAI holds in its top three: THE GOLDMAN SACHS GROUP, MORGAN STANLEY and CHARLES SCHWAB.
Which ETF is more diversified: DFNL or IAI?
DFNL holds 31 securities with 69.95% of its assets in the top 15. IAI has 34 securities and a top 15 weight of 88.82%.
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