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DFNL vs. FDIQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

DFNL vs. FDIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis Select Financial ETF (DFNL) and Invesco Bloomberg Financial Data Providers ETF (FDIQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DFNL achieves a -5.82% return, which is significantly lower than FDIQ's 9.72% return.


DFNL

1D
-1.60%
1M
-1.94%
YTD
-5.82%
6M
-1.79%
1Y
12.54%
3Y*
22.23%
5Y*
10.20%
10Y*

FDIQ

1D
-0.97%
1M
-5.53%
YTD
9.72%
6M
10.28%
1Y
22.98%
3Y*
18.27%
5Y*
3.82%
10Y*
7.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DFNL vs. FDIQ - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
DFNL
Davis Select Financial ETF
-5.82%28.59%28.56%14.45%-8.45%31.25%-4.97%27.37%-11.59%20.46%
FDIQ
Invesco Bloomberg Financial Data Providers ETF
9.72%6.32%12.76%-0.84%-7.23%36.05%-8.95%23.57%-18.31%3.46%

Correlation

The correlation between DFNL and FDIQ is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.70

Correlation (3Y)
Calculated over the trailing 3-year period

0.79

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Jan 13, 2017

0.80

The correlation between DFNL and FDIQ shifts across timeframes, from 0.70 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

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Return for Risk

DFNL vs. FDIQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFNL
DFNL Risk / Return Rank: 2323
Overall Rank
DFNL Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
DFNL Sortino Ratio Rank: 2323
Sortino Ratio Rank
DFNL Omega Ratio Rank: 2323
Omega Ratio Rank
DFNL Calmar Ratio Rank: 2222
Calmar Ratio Rank
DFNL Martin Ratio Rank: 2222
Martin Ratio Rank

FDIQ
FDIQ Risk / Return Rank: 3333
Overall Rank
FDIQ Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
FDIQ Sortino Ratio Rank: 3030
Sortino Ratio Rank
FDIQ Omega Ratio Rank: 3030
Omega Ratio Rank
FDIQ Calmar Ratio Rank: 4242
Calmar Ratio Rank
FDIQ Martin Ratio Rank: 3535
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFNL vs. FDIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Select Financial ETF (DFNL) and Invesco Bloomberg Financial Data Providers ETF (FDIQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


DFNLFDIQDifference
Sharpe ratioReturn per unit of total volatility

-0.19

Sortino ratioReturn per unit of downside risk

-0.33

Omega ratioGain probability vs. loss probability

1.15

1.20

-0.05

Calmar ratioReturn relative to maximum drawdown

0.97

2.07

-1.10

Martin ratioReturn relative to average drawdown

2.84

5.26

-2.42

DFNL vs. FDIQ - Sharpe Ratio Comparison

The current DFNL Sharpe Ratio is 0.86, which is comparable to the FDIQ Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of DFNL and FDIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


DFNLFDIQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.86

1.04

-0.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.13

+0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.37

+0.14

Drawdowns

DFNL vs. FDIQ - Drawdown Comparison

The maximum DFNL drawdown since its inception was -44.51%, smaller than the maximum FDIQ drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for DFNL and FDIQ.


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Drawdown Indicators


DFNLFDIQDifference

Max Drawdown

Largest peak-to-trough decline

-44.51%

-52.86%

+8.35%

Max Drawdown (1Y)

Largest decline over 1 year

-12.94%

-11.13%

-1.81%

Max Drawdown (3Y)

Largest decline over 3 years

-16.05%

-28.09%

+12.04%

Max Drawdown (5Y)

Largest decline over 5 years

-26.27%

-42.99%

+16.72%

Max Drawdown (10Y)

Largest decline over 10 years

-52.86%

Current Drawdown

Current decline from peak

-8.54%

-8.53%

-0.01%

Average Drawdown

Average peak-to-trough decline

-7.66%

-11.56%

+3.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.43%

4.38%

+0.05%

Volatility

DFNL vs. FDIQ - Volatility Comparison

Davis Select Financial ETF (DFNL) and Invesco Bloomberg Financial Data Providers ETF (FDIQ) have volatilities of 3.93% and 4.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


DFNLFDIQDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.93%

4.06%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

11.22%

13.93%

-2.71%

Volatility (1Y)

Calculated over the trailing 1-year period

14.68%

22.14%

-7.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.33%

28.70%

-9.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.62%

31.12%

-8.50%

DFNL vs. FDIQ - Expense Ratio Comparison

DFNL has a 0.64% expense ratio, which is higher than FDIQ's 0.35% expense ratio.


Dividends

DFNL vs. FDIQ - Dividend Comparison

DFNL's dividend yield for the trailing twelve months is around 1.45%, less than FDIQ's 2.56% yield.


PositionTTM20252024202320222021202020192018201720162015
DFNL
Davis Select Financial ETF
1.45%1.37%2.19%2.33%3.34%2.45%1.45%2.52%3.12%1.10%0.00%0.00%
FDIQ
Invesco Bloomberg Financial Data Providers ETF
2.56%2.66%2.69%2.89%2.51%2.04%2.92%2.44%2.45%1.59%1.50%1.92%

Frequently Asked Questions


DFNL and FDIQ have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FDIQ has higher volatility (4.06%) compared to DFNL (3.93%). In terms of maximum drawdown, DFNL dropped -44.51% vs FDIQ's -52.86%.

On 5-year performance, DFNL leads with 10.20% vs 3.82% for FDIQ. On fees, FDIQ is cheaper at 0.35% per year. On volatility, DFNL has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, DFNL has performed better with a 10.20% return vs 3.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FDIQ is cheaper with a 0.35% expense ratio, compared with 0.64% for DFNL.

FDIQ has the higher dividend yield at 2.56%, compared with 1.45% for DFNL.

They also come from different issuers: Davis Advisers and Invesco. Their fees differ too: 0.64% for DFNL and 0.35% for FDIQ.

FDIQ currently has the higher Sharpe Ratio (1.04 vs 0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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