DFNLvsIAKETF Comparison
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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 2 sector exposures are Finance and Consumer Non-Cyclicals. In contrast, IAK's top sector exposures are Finance, Healthcare and Non-Corporate. DFNL is more expensive with a Total Expense Ratio (TER) of 0.61%, versus 0.37% for IAK. DFNL is up 3.96% year-to-date (YTD) with +$54M in YTD flows. IAK performs better with 7.2% YTD performance, and -$54M 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
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFNL IAK | -4.51%-1.15% | +4.24%+6.60% | +3.96%+7.20% | +9.27%+11.43% | +79.78%+61.38% | +76.67%+102.51% |
| Flows | DFNL IAK | --$80M | +$561K+$58M | +$54M-$54M | +$129M-$273M | +$160M-$100M | +$123M+$124M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFNL IAK | +12.64%+19.25% | +14.53%+16.02% | +16.55%+16.76% | +18.78%+18.17% |
| Max drawdown | DFNL IAK | -5.57%-5.92% | -12.61%-7.62% | -16.11%-11.52% | -26.10%-14.68% |
| Max drawdown duration | DFNL IAK | 33d52d | 138d182d | 164d254d | 788d203d |
Trading data
DFNL | IAK | |
Last sale 9/18/2026 at 1:30 PM | $49.99 | $142.70 |
| Previous close 09/17/2026 | $50.23 | $143.58 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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DFNL
is actively managed and doesn’t replicate an indexDFNL | IAK | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
DFNL | IAK | |
|---|---|---|
| Last price | $49.99 | $142.70 |
| 1D performance | -0.47% | -0.61% |
| AuM | $469.06 M | $456.70 M |
| E/R | 0.61% | 0.37% |
Characteristics
DFNL | IAK | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Davis ETFs | iShares |
| Benchmark | - | Dow Jones U.S. Select Insurance Index |
| N° of holdings | 31 | 58 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 11, 2017 | May 1, 2006 |
| ESG | No | No |
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Exposure
Countries
DFNL
USA
72.44%
Switzerland
8.76%
Bermuda
7.29%
Other
11.5%
IAK
USA
82.6%
Switzerland
12.87%
Other
4.53%
Sectors
DFNL
Finance
99.17%
Other
0.83%
IAK
Finance
99.16%
Other
0.84%
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Diversification
DFNL
Total weight of top 15 holdings out of 15
72.37%
IAK
Total weight of top 15 holdings out of 15
79.02%
Top 15 holdings
Data as of July 31, 2026
DFNL
Capital One Financial Corp.
10.53%
U.S. Bancorp
6.43%
Markel Group, Inc.
6.19%
Fifth Third Bancorp
6.07%
Berkshire Hathaway, Inc.
5.13%
Wells Fargo & Co.
4.85%
The PNC Financial Services Group, Inc.
4.66%
Chubb Ltd.
4.58%
JPMorgan Chase & Co.
4.46%
Julius Bär Gruppe AG
4.18%
American Express Co.
3.38%
DBS Group Holdings Ltd.
3.18%
Loews Corp.
3.17%
RenaissanceRe Holdings Ltd.
3.06%
Bank of America Corp.
2.49%
IAK
Chubb Ltd.
12.87%
The Progressive Corp.
12.70%
The Travelers Cos., Inc.
8.15%
The Allstate Corp.
6.96%
Aflac, Inc.
4.71%
MetLife, Inc.
4.64%
Prudential Financial, Inc.
4.52%
American International Group, Inc.
4.32%
The Hartford Insurance Group, Inc.
4.18%
Arch Capital Group Ltd.
3.75%
Cincinnati Financial Corp.
2.89%
Markel Group, Inc.
2.52%
Principal Financial Group, Inc.
2.40%
W.R. Berkley Corp.
2.31%
Loews Corp.
2.11%
Frequently asked questions about DFNL and IAK
How have the DFNL and IAK ETFs performed in 2026?
As of September 18, 2026, DFNL is up 3.96% year-to-date (YTD), while IAK has returned 7.2%. 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 +$54M in flows, compared to -$54M for IAK.
Which ETF is more volatile: DFNL or IAK?
Over the past year, DFNL had a volatility of 14.53%, while IAK experienced 16.02%.
Which ETF is bigger: DFNL or IAK?
As of September 18, 2026, DFNL holds $469.06 M in assets under management (AUM), while IAK manages $456.70 M.
What sectors do the DFNL and IAK ETFs invest in?
DFNL leans toward sectors like Finance. Meanwhile, IAK focuses on Finance.
What are the top holdings of the DFNL ETF and IAK ETF?
DFNL top holdings include Capital One Financial Corp., U.S. Bancorp and Markel Group, Inc.. IAK holds in its top three: Chubb Ltd., The Progressive Corp. and The Travelers Cos., Inc..
Which ETF is more diversified: DFNL or IAK?
DFNL holds 31 securities with 72.37% of its assets in the top 15. IAK has 58 securities and a top 15 weight of 79.02%.
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