DFNL vs. FDIQ
DFNL (Davis Select Financial ETF) and FDIQ (Invesco Bloomberg Financial Data Providers ETF) are both Financials Equities funds. DFNL is actively managed, while FDIQ is passively managed. Over the past 5 years, DFNL returned 10.20%/yr vs 3.82%/yr for FDIQ. Their correlation of 0.80 suggests significant overlap in exposure. DFNL charges 0.64%/yr vs 0.35%/yr for FDIQ.
Performance
DFNL vs. FDIQ - Performance Comparison
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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%
DFNL vs. FDIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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
DFNL
FDIQ
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.
| DFNL | FDIQ | Difference | |
|---|---|---|---|
| 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 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFNL | FDIQ | Difference | |
|---|---|---|---|
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
| DFNL | FDIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -8.54% | -8.53% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -11.56% | +3.90% |
Ulcer IndexDepth 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
| DFNL | FDIQ | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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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