Snapshot*
Top 10 Holdings
What is DFNL?
The Fund is an actively managed exchange-traded fund ( ETF ). Davis Selected Advisers, L.P. ( Davis Advisors or the Adviser ), the Fund s investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of the Fund s net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The Fund is non-diversified and, therefore, is allowed to focus its investments in fewer companies than a fund that is required to diversify its portfolio. The Fund s portfolio generally contains between 15 and 35 companies, although the precise number of its investments will vary over time. The Fund invests, principally, in common stocks (including indirect holdings of common stock through depositary receipts). The Fund may invest in large, medium or small companies without regard to market capitalization and may invest in issuers in foreign countries, including countries with developed or emerging markets. These non-U.S. company investments may include American Depositary Receipts ( ADRs ) and Global Depositary Receipts ( GDRs and together Depositary Receipts ). Depositary Receipts are receipts that represent ownership of shares of a non-U.S. issuer held in trust by a bank or similar financial institution.
DFNLPerformance Measures**
for the time period Jan 12, 2017 to Aug 5, 2026
1M Trailing Return: 2.6%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 12.6%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -44.5%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 22.5%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.65
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.29
The annualized return divided by the max drawdown for the selected time period.
ETFs related toDFNL
ETFs correlated to DFNL include IYF, FNCL, VFH
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.