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DFNLvsIAKETF Comparison

ETF 1

DFNL

Davis Select Financial ETF

This fund is part of

Uncategorized Equities

-0.83%

Full DFNL fund page

VS

ETF 2

IAK

iShares U.S. Insurance ETF

This fund is part of

US Financials

+0.15%

Full IAK fund page

Davis Select Financial ETF (DFNL) belongs to the Uncategorized Equities segment. iShares U.S. Insurance ETF (IAK) is part of the US Financials segment. DFNL's top 3 sector exposures are Financials, Information Technology and Consumer Discretionary. In contrast, IAK's top sector exposures are Financials, DFNL is more expensive with a Total Expense Ratio (TER) of 0.63%, versus 0.38% for IAK. DFNL is down -2.05% year-to-date (YTD) with +$80M in YTD flows. IAK performs better with -1.47% YTD performance, and -$112M in YTD flows. Run a side-by-side ETF comparison of DFNL and IAK below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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DFNL vs IAK performance and flow charts

Performance

Cumulative Flows

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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 IAK	+7.88%+5.19%	-1.22%+2.54%	-2.05%-1.47%	+22.74%+3.71%	+77.46%+60.60%	+64.02%+85.03%
Flows	DFNL IAK	+$58K-$13M	+$15M-$72M	+$80M-$112M	+$159M-$361M	+$182M-$277M	+$155M+$81M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DFNL IAK	+17.62%+14.70%	+14.65%+15.15%	+16.88%+16.37%	+19.07%+18.16%
Max drawdown	DFNL IAK	-12.61%-7.37%	-12.61%-8.22%	-16.11%-11.52%	-26.10%-14.68%
Max drawdown duration	DFNL IAK	79d56d	79d206d	164d254d	788d203d

Trading data

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	DFNL	IAK
Last sale 4/29/2026 at 1:30 PM	$46.67	$131.43
Previous close 04/28/2026	$47.23	$133.31
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

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DFNL

is actively managed and doesn’t replicate an index

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	DFNL	IAK
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	IAK
Last price	$46.67	$131.43
1D performance	-1.20%	-1.41%
AuM	$467.88 M	$369.68 M
E/R	0.63%	0.38%

Characteristics

	DFNL	IAK
Management strategy	Active	Passive
Provider	Davis ETFs	iShares
Benchmark	-	Dow Jones U.S. Select Insurance Index
N° of holdings	30	54
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 11, 2017	May 1, 2006
ESG	No	No

More DFNL data on Trackinsight

More IAK data on Trackinsight

Exposure

Countries

DFNL

USA

70.63%

Switzerland

9.26%

Bermuda

7.59%

Other

12.52%

IAK

USA

80.02%

Switzerland

13.67%

Other

6.32%

Sectors

DFNL

Financials

95.21%

Other

4.79%

IAK

Financials

99.2%

Other

0.8%

Diversification

DFNL

Total weight of top 15 holdings out of 15

71.05%

IAK

Total weight of top 15 holdings out of 15

79.12%

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%

IAK

CHUBB LTD

13.67%

PROGRESSIVE

13.40%

TRAVELERS COS INC/THE

7.27%

ALLSTATE

6.22%

METLIFE

4.55%

AFLAC

4.52%

HARTFORD FINANCIAL SERVICES GRUP

4.51%

AMERICAN INTERNATIONAL GROUP

4.34%

ARCH CAPITAL GROUP

4.10%

PRUDENTIAL FINL

4.07%

CINCINNATI FINANCIAL

2.94%

MARKET CORPORATION

2.89%

WR BERKLEY

2.36%

LOEWS

2.16%

PRINCIPAL FINL

2.13%

Frequently asked questions about DFNL and IAK

How have the DFNL and IAK ETFs performed in 2026?

As of April 28, 2026, DFNL is down -2.05% year-to-date (YTD), while IAK has lost -1.47%. That puts IAK better performer ahead so far this year.

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

Year-to-date, the DFNL ETF saw +$80M in flows, compared to -$112M for IAK.

Which ETF is more volatile: DFNL or IAK?

Over the past year, DFNL had a volatility of 14.65%, while IAK experienced 15.15%.

Which ETF is bigger: DFNL or IAK?

As of April 28, 2026, DFNL holds $467.88 M in assets under management (AUM), while IAK manages $369.68 M.

What sectors do the DFNL and IAK ETFs invest in?

DFNL leans toward sectors like Financials. Meanwhile, IAK focuses on Financials.

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

DFNL top holdings include CAPITAL ONE FINANCIAL, BERKSHIRE HATHWAY and US. IAK holds in its top three: CHUBB LTD, PROGRESSIVE and TRAVELERS COS INC/THE.

Which ETF is more diversified: DFNL or IAK?

DFNL holds 31 securities with 71.05% of its assets in the top 15. IAK has 58 securities and a top 15 weight of 79.12%.

Insurance Investments Unveiled: Trends, ETFs, and the Changing Risk Landscape

October 31, 2023

IAK

DFNLvsIAKETF Comparison

Davis Select Financial ETF

iShares U.S. Insurance ETF

DFNL vs IAK 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 IAK ETFs performed in 2026?

As of April 28, 2026, DFNL is down -2.05% year-to-date (YTD), while IAK has lost -1.47%. That puts IAK better performer ahead so far this year.

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

Year-to-date, the DFNL ETF saw +$80M in flows, compared to -$112M for IAK.

Which ETF is more volatile: DFNL or IAK?

Over the past year, DFNL had a volatility of 14.65%, while IAK experienced 15.15%.

Which ETF is bigger: DFNL or IAK?

As of April 28, 2026, DFNL holds $467.88 M in assets under management (AUM), while IAK manages $369.68 M.

What sectors do the DFNL and IAK ETFs invest in?

DFNL leans toward sectors like Financials. Meanwhile, IAK focuses on Financials.

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

DFNL top holdings include CAPITAL ONE FINANCIAL, BERKSHIRE HATHWAY and US. IAK holds in its top three: CHUBB LTD, PROGRESSIVE and TRAVELERS COS INC/THE.

Which ETF is more diversified: DFNL or IAK?

DFNL holds 31 securities with 71.05% of its assets in the top 15. IAK has 58 securities and a top 15 weight of 79.12%.

Insurance Investments Unveiled: Trends, ETFs, and the Changing Risk Landscape

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