DFNLvsKBWBETF Comparison
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Davis Select Financial ETF (DFNL) belongs to the Uncategorized Equities segment. Invesco KBW Bank ETF (KBWB) is part of the US Financials segment. DFNL's top 3 sector exposures are Financials, Information Technology and Consumer Discretionary. In contrast, KBWB's top sector exposures are Financials, DFNL is more expensive with a Total Expense Ratio (TER) of 0.63%, versus 0.35% for KBWB. DFNL is down -2.05% year-to-date (YTD) with +$80M in YTD flows. KBWB performs better with 3.69% YTD performance, and -$586M in YTD flows. Run a side-by-side ETF comparison of DFNL and KBWB 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 KBWB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFNL KBWB | +7.88%+13.68% | -1.22%+2.69% | -2.05%+3.69% | +22.74%+47.40% | +77.46%+126.91% | +64.02%+52.56% |
| Flows | DFNL KBWB | +$58K+$154M | +$15M-$550M | +$80M-$586M | +$159M+$360M | +$182M+$2.24B | +$155M+$2.06B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFNL KBWB | +17.62%+25.18% | +14.65%+20.54% | +16.88%+24.38% | +19.07%+26.54% |
| Max drawdown | DFNL KBWB | -12.61%-16.41% | -12.61%-16.41% | -16.11%-25.42% | -26.10%-49.65% |
| Max drawdown duration | DFNL KBWB | 79d78d | 79d78d | 164d141d | 788d1043d |
Trading data
DFNL | KBWB | |
Last sale 4/29/2026 at 1:30 PM | $46.51 | $86.06 |
| Previous close 04/28/2026 | $47.23 | $86.87 |
| 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 indexDFNL | KBWB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/29/2026 at 1:30 PM
Live
Closed
DFNL | KBWB | |
|---|---|---|
| Last price | $46.51 | $86.06 |
| 1D performance | -1.54% | -0.94% |
| AuM | $467.88 M | $5.47 B |
| E/R | 0.63% | 0.35% |
Characteristics
DFNL | KBWB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Davis ETFs | Invesco |
| Benchmark | - | KBW Nasdaq Bank Index |
| N° of holdings | 30 | 24 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 11, 2017 | November 1, 2011 |
| ESG | No | No |
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Exposure
Countries
DFNL
USA
70.63%
Switzerland
9.26%
Bermuda
7.59%
Other
12.52%
KBWB
USA
100%
Other
-0%
Sectors
DFNL
Financials
95.21%
Other
4.79%
KBWB
Financials
98.29%
Other
1.71%
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Diversification
DFNL
Total weight of top 15 holdings out of 15
71.05%
KBWB
Total weight of top 15 holdings out of 15
80.08%
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%
KBWB
MORGAN STANLEY
8.13%
WELLS FARGO
8.10%
BK OF AMERICA CO
8.06%
JPMORGAN CHASE
8.05%
THE GOLDMAN SACHS GROUP
7.99%
CITIGROUP
4.17%
BANK OF NEW YORK MELLON
4.12%
PNC FINL SVC
4.07%
STATE STREET
4.07%
US
3.98%
M&T BANK
3.96%
TRUIST FINANCIAL CORP
3.86%
FIFTH THIRD BANCORP
3.85%
CAPITAL ONE FINANCIAL
3.85%
HUNTINGTON BANCSHARES
3.84%
Frequently asked questions about DFNL and KBWB
How have the DFNL and KBWB ETFs performed in 2026?
As of April 28, 2026, DFNL is down -2.05% year-to-date (YTD), while KBWB has returned 3.69%. That puts KBWB better performer ahead so far this year.
Which ETF is attracting more investor money: DFNL or KBWB?
Year-to-date, the DFNL ETF saw +$80M in flows, compared to -$586M for KBWB.
Which ETF is more volatile: DFNL or KBWB?
Over the past year, DFNL had a volatility of 14.65%, while KBWB experienced 20.54%.
Which ETF is bigger: DFNL or KBWB?
As of April 28, 2026, DFNL holds $467.88 M in assets under management (AUM), while KBWB manages $5.47 B.
What sectors do the DFNL and KBWB ETFs invest in?
DFNL leans toward sectors like Financials. Meanwhile, KBWB focuses on Financials.
What are the top holdings of the DFNL ETF and KBWB ETF?
DFNL top holdings include CAPITAL ONE FINANCIAL, BERKSHIRE HATHWAY and US. KBWB holds in its top three: MORGAN STANLEY, WELLS FARGO and BK OF AMERICA CO.
Which ETF is more diversified: DFNL or KBWB?
DFNL holds 31 securities with 71.05% of its assets in the top 15. KBWB has 24 securities and a top 15 weight of 80.08%.
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Latest news about DFNL & KBWB
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