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DFNLvsKBWPETF Comparison

ETF 1

DFNL

Davis Select Financial ETF

This fund is part of

Uncategorized Equities

-0.83%

Full DFNL fund page

VS

ETF 2

KBWP

Invesco KBW Property & Casualty Insurance ETF

This fund is part of

US Financials

+0.15%

Full KBWP fund page

Davis Select Financial ETF (DFNL) belongs to the Uncategorized Equities segment. Invesco KBW Property & Casualty Insurance ETF (KBWP) is part of the US Financials segment. DFNL's top 3 sector exposures are Financials, Information Technology and Consumer Discretionary. In contrast, KBWP's top sector exposures are Financials, DFNL is more expensive with a Total Expense Ratio (TER) of 0.63%, versus 0.35% for KBWP. DFNL is down -2.05% year-to-date (YTD) with +$80M in YTD flows. KBWP performs worse with -3.65% YTD performance, and -$23M in YTD flows. Run a side-by-side ETF comparison of DFNL and KBWP 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 KBWP performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 04/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	DFNL KBWP	+7.88%+2.25%	-1.22%+0.98%	-2.05%-3.65%	+22.74%+4.41%	+77.46%+52.33%	+64.02%+73.55%
Flows	DFNL KBWP	+$58K-$10M	+$15M-$23M	+$80M-$23M	+$159M-$195M	+$182M-$204M	+$155M+$2M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DFNL KBWP	+17.62%+17.86%	+14.65%+16.54%	+16.88%+17.25%	+19.07%+18.47%
Max drawdown	DFNL KBWP	-12.61%-8.06%	-12.61%-8.60%	-16.11%-12.30%	-26.10%-16.98%
Max drawdown duration	DFNL KBWP	79d57d	79d119d	164d123d	788d235d

Trading data

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	DFNL	KBWP
Last sale 4/29/2026 at 3:03 PM	$46.73	$119.85
Previous close 04/28/2026	$47.23	$121.51
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	KBWP
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/29/2026 at 3:03 PM

Live

Closed

	DFNL	KBWP
Last price	$46.73	$119.85
1D performance	-1.06%	-1.37%
AuM	$467.88 M	$256.48 M
E/R	0.63%	0.35%

Characteristics

	DFNL	KBWP
Management strategy	Active	Passive
Provider	Davis ETFs	Invesco
Benchmark	-	KBW Nasdaq Property & Casualty Index
N° of holdings	30	24
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 11, 2017	December 2, 2010
ESG	No	No

More DFNL data on Trackinsight

More KBWP data on Trackinsight

Exposure

Countries

DFNL

USA

70.63%

Switzerland

9.26%

Bermuda

7.59%

Other

12.52%

KBWP

USA

65.67%

Bermuda

14.15%

Ireland

12.08%

Switzerland

8.1%

Other

-0%

Sectors

DFNL

Financials

95.21%

Other

4.79%

KBWP

Financials

100%

Other

-0%

Diversification

DFNL

Total weight of top 15 holdings out of 15

71.05%

KBWP

Total weight of top 15 holdings out of 15

79.9%

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%

KBWP

CHUBB LTD

8.10%

AON

8.09%

PROGRESSIVE

8.05%

TRAVELERS COS INC/THE

7.99%

MARSH AND MCLENNAN

7.83%

ALLSTATE

4.09%

HARTFORD FINANCIAL SERVICES GRUP

4.06%

CINCINNATI FINANCIAL

4.05%

ARCH CAPITAL GROUP

4.03%

WILLIS TOWERS WATSON

4.00%

EVEREST REINSURANCE GROUP

3.95%

ARTHUR J GALLAGHER

3.92%

AMERICAN INTERNATIONAL GROUP

3.92%

RENAISSANCERE

3.91%

WR BERKLEY

3.90%

Frequently asked questions about DFNL and KBWP

How have the DFNL and KBWP ETFs performed in 2026?

As of April 28, 2026, DFNL is down -2.05% year-to-date (YTD), while KBWP has lost -3.65%. That puts DFNL better performer ahead so far this year.

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

Year-to-date, the DFNL ETF saw +$80M in flows, compared to -$23M for KBWP.

Which ETF is more volatile: DFNL or KBWP?

Over the past year, DFNL had a volatility of 14.65%, while KBWP experienced 16.54%.

Which ETF is bigger: DFNL or KBWP?

As of April 28, 2026, DFNL holds $467.88 M in assets under management (AUM), while KBWP manages $256.48 M.

What sectors do the DFNL and KBWP ETFs invest in?

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

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

DFNL top holdings include CAPITAL ONE FINANCIAL, BERKSHIRE HATHWAY and US. KBWP holds in its top three: CHUBB LTD, AON and PROGRESSIVE.

Which ETF is more diversified: DFNL or KBWP?

DFNL holds 31 securities with 71.05% of its assets in the top 15. KBWP has 24 securities and a top 15 weight of 79.9%.

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

October 31, 2023

KBWP

DFNLvsKBWPETF Comparison

Davis Select Financial ETF

Invesco KBW Property & Casualty Insurance ETF

DFNL vs KBWP 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 KBWP ETFs performed in 2026?

As of April 28, 2026, DFNL is down -2.05% year-to-date (YTD), while KBWP has lost -3.65%. That puts DFNL better performer ahead so far this year.

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

Year-to-date, the DFNL ETF saw +$80M in flows, compared to -$23M for KBWP.

Which ETF is more volatile: DFNL or KBWP?

Over the past year, DFNL had a volatility of 14.65%, while KBWP experienced 16.54%.

Which ETF is bigger: DFNL or KBWP?

As of April 28, 2026, DFNL holds $467.88 M in assets under management (AUM), while KBWP manages $256.48 M.

What sectors do the DFNL and KBWP ETFs invest in?

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

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

DFNL top holdings include CAPITAL ONE FINANCIAL, BERKSHIRE HATHWAY and US. KBWP holds in its top three: CHUBB LTD, AON and PROGRESSIVE.

Which ETF is more diversified: DFNL or KBWP?

DFNL holds 31 securities with 71.05% of its assets in the top 15. KBWP has 24 securities and a top 15 weight of 79.9%.

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

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