DFNL vs KBWB
Davis Select Financial ETF against Invesco KBW Bank ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
35%
11 shared positions
Fee gap
26 bp
KBWB is cheaper
1-year return gap
4.0 pts
KBWB is ahead
Larger fund
KBWB
$6.2B
Side by side
| DFNL | KBWB | |
|---|---|---|
| Fund | Davis Select Financial ETF | Invesco KBW Bank ETF |
| Issuer | Davis | Invesco |
| Category | Financials | Financials |
| Expense ratio | 0.61% | 0.35% |
| Assets | $453M | $6.2B |
| Average daily dollar volume | $1.4M | $250M |
| Listed | Jan 11, 2017 | Nov 1, 2011 |
| FrenzyCap score | 38 | 75 |
| 1-month return | +0.5% | −2.4% |
| 3-month return | −1.4% | −8.4% |
| Year to date | +2.9% | +4.5% |
| 1-year return | +12.1% | +16.1% |
| 30-day volatility | 13.2% | 17.3% |
| Worst drawdown, 1 year | −12.9% | −16.4% |
| Trailing 12-month yield | 1.33% | 2.12% |
| Holdings | 34 | 28 |
| Top 10 weight | 56.3% | 61.5% |
| Look-through P/E | 12.7 | 12.6 |
| Holdings vs fair value | +10.5% | +0.7% |
| Holdings above 200-day average | 65% | 36% |
| Net flow, latest 3 reported months | −$25M thru Jul 2026 | −$548M thru May 2026 |
| 30-day implied volatility | 24.6% | 22.0% |
| Holdings as of | as of Jul 31, 2026SEC filing | as of May 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
47% of DFNL · 54% of KBWB
Sector mix of the stock holdings
| Sector | DFNL | KBWB | Gap |
|---|---|---|---|
| Financials | 81.9% | 99.8% | −17.9% |
| Industrials | 1.1% | 0.0% | +1.1% |
More: full overlap table · DFNL holdings · KBWB holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.