DFNLvsXLREETF Comparison
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Davis Select Financial ETF (DFNL) belongs to the Uncategorized Equities segment. State Street Real Estate Select Sector SPDR ETF (XLRE) is part of the US Real Estate segment. DFNL's top 2 sector exposures are Finance and Consumer Non-Cyclicals. In contrast, XLRE's top sector exposures are Finance and Technology. DFNL is more expensive with a Total Expense Ratio (TER) of 0.61%, versus 0.08% for XLRE. DFNL is up 8.63% year-to-date (YTD) with +$54M in YTD flows. XLRE performs better with 13.64% YTD performance, and +$420M in YTD flows. Run a side-by-side ETF comparison of DFNL and XLRE 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 XLRE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFNL XLRE | +2.19%+1.99% | +12.57%+3.38% | +8.63%+13.64% | +22.13%+12.16% | +81.23%+34.87% | +81.41%+14.90% |
| Flows | DFNL XLRE | +$9M+$271M | -$25M+$807M | +$54M+$420M | +$125M+$501M | +$156M+$2.83B | +$126M+$4.66B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFNL XLRE | +13.62%+16.15% | +14.58%+14.22% | +16.60%+16.96% | +18.86%+19.20% |
| Max drawdown | DFNL XLRE | -3.37%-3.45% | -12.61%-8.32% | -16.11%-16.56% | -26.10%-34.12% |
| Max drawdown duration | DFNL XLRE | 35d33d | 138d44d | 164d441d | 788d1618d |
Trading data
DFNL | XLRE | |
Last sale 8/5/2026 at 7:21 PM | $52.41 | $45.02 |
| Previous close 08/04/2026 | $52.46 | $45.17 |
| Consolidated volume 08/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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DFNL
is actively managed and doesn’t replicate an indexDFNL | XLRE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/5/2026 at 7:21 PM
Live
Closed
DFNL | XLRE | |
|---|---|---|
| Last price | $52.41 | $45.02 |
| 1D performance | -0.10% | -0.34% |
| AuM | $490.12 M | $8.67 B |
| E/R | 0.61% | 0.08% |
Characteristics
DFNL | XLRE | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Davis ETFs | State Street Investment Management |
| Benchmark | - | S&P Real Estate Select Sector Index |
| N° of holdings | 31 | 31 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 11, 2017 | October 7, 2015 |
| ESG | No | No |
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Exposure
Countries
DFNL
USA
72.91%
Switzerland
8.68%
Bermuda
7.06%
Other
11.34%
XLRE
USA
100.39%
Other
-0.39%
Sectors
DFNL
Finance
99.14%
Other
0.86%
XLRE
Finance
99.18%
Other
0.82%
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Diversification
DFNL
Total weight of top 15 holdings out of 15
72.6%
XLRE
Total weight of top 15 holdings out of 15
76.02%
Top 15 holdings
Data as of June 30, 2026
DFNL
Capital One Financial Corp.
10.59%
U.S. Bancorp
6.31%
Fifth Third Bancorp
6.10%
Markel Group, Inc.
5.88%
Berkshire Hathaway, Inc.
5.25%
Wells Fargo & Co.
5.01%
The PNC Financial Services Group, Inc.
4.98%
Chubb Ltd.
4.40%
JPMorgan Chase & Co.
4.38%
Julius Bär Gruppe AG
4.28%
American Express Co.
3.60%
Loews Corp.
3.09%
RenaissanceRe Holdings Ltd.
2.98%
DBS Group Holdings Ltd.
2.93%
The Bank of New York Mellon Corp.
2.83%
XLRE
Welltower, Inc.
11.11%
Prologis, Inc.
8.76%
Equinix, Inc.
7.12%
American Tower Corp.
5.28%
Simon Property Group, Inc.
5.03%
Digital Realty Trust, Inc.
4.61%
Realty Income Corp.
4.59%
Public Storage
4.52%
Ventas, Inc.
4.51%
CBRE Group, Inc.
4.12%
Iron Mountain, Inc.
3.93%
Crown Castle, Inc.
3.45%
Extra Space Storage, Inc.
3.21%
VICI Properties, Inc.
3.03%
AvalonBay Communities, Inc.
2.74%
Frequently asked questions about DFNL and XLRE
How have the DFNL and XLRE ETFs performed in 2026?
As of August 4, 2026, DFNL is up 8.63% year-to-date (YTD), while XLRE has returned 13.64%. That puts XLRE better performer ahead so far this year.
Which ETF is attracting more investor money: DFNL or XLRE?
Year-to-date, the DFNL ETF saw +$54M in flows, compared to +$420M for XLRE.
Which ETF is more volatile: DFNL or XLRE?
Over the past year, DFNL had a volatility of 14.58%, while XLRE experienced 14.22%.
Which ETF is bigger: DFNL or XLRE?
As of August 4, 2026, DFNL holds $490.12 M in assets under management (AUM), while XLRE manages $8.67 B.
What sectors do the DFNL and XLRE ETFs invest in?
DFNL leans toward sectors like Finance. Meanwhile, XLRE focuses on Finance.
What are the top holdings of the DFNL ETF and XLRE ETF?
DFNL top holdings include Capital One Financial Corp., U.S. Bancorp and Fifth Third Bancorp. XLRE holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: DFNL or XLRE?
DFNL holds 31 securities with 72.6% of its assets in the top 15. XLRE has 31 securities and a top 15 weight of 76.02%.
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Latest news about DFNL & XLRE
Investing in Sector ETFs: Financials and Real Estate
September 11, 2024
XLRE
Exploring Sector Rotation: Value vs. Growth
August 5, 2024
XLRE
Two Ways to Get Real Estate Income with ETFs
August 2, 2024
XLRE
Real Estate Sector Declines on Fed Minutes
May 27, 2024
XLRE
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Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
XLRE
Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
XLRE
Real Estate ETFs Hit Again by the Rise in Treasury Yields
April 15, 2024
XLRE
Real Estate Sector Hit by Stronger-Than-Expected Inflation Data
March 19, 2024
XLRE
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