- ISIN
- US23908L1089
- CUSIP
- 23908L108
- Issuer
- Davis
- Inception Date
- Jan 11, 2017
- Region
- North America (U.S.)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $301M
Highlights
- Avg. Volume (1M)
- 60K
- Avg. Volume Value (1M)
- $3.03M
Share Price Chart
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Performance
DFNL Performance Chart
Davis Select Financial ETF (DFNL) is up 6.1% since the beginning of the year. DFNL is currently trading at $51 per share. Investors who bought $1,000 worth of DFNL shares 5 years ago would now be looking at an investment worth $1,930.
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Returns By Period
Davis Select Financial ETF (DFNL) has returned 6.12% so far this year and 22.75% over the past 12 months.
Davis Select Financial ETF
- 1D
- 0.18%
- 1M
- 1.36%
- 6M
- 6.88%
- YTD
- 6.12%
- 1Y
- 22.75%
- 3Y*
- 23.47%
- 5Y*
- 14.05%
- 10Y*
- —
- ALL TIME*
- 12.61%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
DFNL Monthly Returns History
Based on dividend-adjusted daily data since Jan 12, 2017, DFNL's average daily return is +0.06%, while the average monthly return is +1.16%. At this rate, an investment would double in approximately 5.0 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +18.1%, while the worst month was Mar 2020 at -24.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, DFNL closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +12.2%, while the worst single day was Mar 16, 2020 at -13.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.70% | -2.06% | -4.60% | 5.60% | -2.41% | 6.83% | 3.90% | 6.12% | |||||
| 2025 | 5.85% | 1.36% | -3.89% | -1.84% | 5.57% | 5.49% | 0.08% | 5.35% | -0.12% | -1.20% | 3.46% | 5.97% | 28.59% |
| 2024 | 1.21% | 2.54% | 6.08% | -2.96% | 4.45% | -1.67% | 7.62% | 3.21% | 0.28% | 2.10% | 9.47% | -5.87% | 28.56% |
| 2023 | 9.71% | -1.84% | -10.93% | 2.29% | -4.68% | 7.11% | 7.57% | -5.38% | -3.03% | -2.65% | 9.58% | 8.50% | 14.45% |
| 2022 | 3.11% | -0.86% | -1.12% | -9.03% | 3.38% | -10.71% | 5.32% | -2.76% | -7.90% | 11.64% | 6.71% | -4.02% | -8.45% |
| 2021 | -1.24% | 12.05% | 6.29% | 6.99% | 3.54% | -3.48% | -0.56% | 3.18% | -1.20% | 5.46% | -6.52% | 4.44% | 31.25% |
Benchmark Metrics
Davis Select Financial ETF has an annualized alpha of 0.54%, beta of 0.98, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since January 12, 2017.
- This ETF participated in 95.97% of S&P 500 Index downside but only 93.95% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.98 and R2 of 0.64, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.54%
- Beta
- 0.98
- R²
- 0.64
- Upside Capture
- 93.95%
- Downside Capture
- 95.97%
Expense Ratio
DFNL has an expense ratio of 0.64%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DFNL ranks 52 for risk / return — above 52% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Davis Select Financial ETF (DFNL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DFNL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.00 | -0.38 |
| Martin ratioReturn relative to average drawdown | 4.62 | 8.49 | -3.87 |
Dividends
Dividend History
Davis Select Financial ETF provided a 1.29% dividend yield over the last twelve months, with an annual payout of $0.66 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.66 | $0.66 | $0.83 | $0.70 | $0.91 | $0.75 | $0.35 | $0.64 | $0.64 | $0.26 |
Dividend yield | 1.29% | 1.37% | 2.19% | 2.33% | 3.34% | 2.45% | 1.45% | 2.52% | 3.12% | 1.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Davis Select Financial ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $0.66 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $0.91 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.75 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Davis Select Financial ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Davis Select Financial ETF was 44.51%, occurring on Mar 23, 2020. Recovery took 204 trading sessions.
The current Davis Select Financial ETF drawdown is 1.33%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-44.51%Mar 2020 | 2mo 20d | 9mo 25d | 1y 10dJan 2020 - Jan 2021 | COVID crash2020 |
-26.27%Sep 2022 | 7mo 22d | 1y 5mo | 2y 19dFeb 2022 - Feb 2024 | Bear market2022 |
-21.13%Dec 2018 | 10mo 29d | 10mo 15d | 1y 9moJan 2018 - Nov 2019 | Rate-hike selloffLate 2018 |
-16.05%Apr 2025 | 2mo | 1mo 5d | 3mo 5dFeb 2025 - May 2025 | 2025 selloff2025 |
-12.94%Mar 2026 | 2mo 19d | 3mo 6d | 5mo 25dJan 2026 - Jul 2026 | — |
Drawdown Indicators
| DFNL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.51% | -56.78% | +12.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.94% | -9.10% | -3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -16.05% | -18.90% | +2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -26.27% | -25.43% | -0.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.33% | -1.58% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -10.70% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 2.14% | +2.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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