DFNL vs IBMR

Comparison between DAVIS SELECT FINANCIAL ETF (DFNL, ETF) and ISHARES IBONDS DEC 2029 TERM MUNI BOND ETF (IBMR, ETF).

DFNL vs IBMR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DFNL(ETF)	IBMR(ETF)
Net Assets	$455M	$457M
Expense Ratio	0.61%	0.18%
Max Drawdown	45.70%	5.58%
Sharpe Ratio	1.02	-0.65
5Y Beta	0.79	0.02
P/E Ratio	18.00	N/A
Forward P/E	13.01	N/A
PEG Ratio	0.36	N/A
5Y Dividends CAGR	13.72%	N/A
5Y EPS CAGR	6.90%	N/A
Debt to Equity	45.03%	N/A
P/S Ratio	2.65	N/A
P/B Ratio	1.54	N/A

Net Assets

DFNL

$455M

Winner

IBMR

$457M

Expense Ratio

DFNL

0.61%

Winner

IBMR

0.18%

Max Drawdown

DFNL

45.70%

Winner

IBMR

5.58%

Sharpe Ratio

Winner

DFNL

1.02

IBMR

-0.65

5Y Beta

DFNL

0.79

Winner

IBMR

0.02

P/E Ratio

DFNL

18.00

IBMR

N/A

Forward P/E

DFNL

13.01

IBMR

N/A

PEG Ratio

DFNL

0.36

IBMR

N/A

5Y Dividends CAGR

DFNL

13.72%

IBMR

N/A

5Y EPS CAGR

DFNL

6.90%

IBMR

N/A

Debt to Equity

DFNL

45.03%

IBMR

N/A

P/S Ratio

DFNL

2.65

IBMR

N/A

P/B Ratio

DFNL

1.54

IBMR

N/A

DFNL vs IBMR - Holdings Comparison

DFNL and IBMR have 1 common holdings. Overlap is -0.07%

DFNL's top 25 holdings weight is 94.65%. IBMR's top 25 holdings weight is 20.21%.

Rank	DFNL	IBMR
#1	CAPITAL ONE FINANCIAL CORP (COF) - 10.49%	CALIFORNIA ST 5% (n/a) - 2.38%
#2	U.S. BANCORP (USB) - 6.33%	NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% (n/a) - 1.59%
#3	FIFTH THIRD BANCORP (FITB) - 6.10%	NEW YORK N Y 5% (n/a) - 1.57%
#4	MARKEL GROUP INC (MKL) - 6.03%	ILLINOIS ST 5% (n/a) - 1.23%
#5	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 5.11%	n/a (n/a) - 1.04%
#6	WELLS FARGO & CO (WFC) - 4.98%	PENNSYLVANIA ST 5% (n/a) - 0.88%
#7	PNC FINANCIAL SERVICES GROUP INC (PNC) - 4.94%	n/a (n/a) - 0.83%
#8	JULIUS BAER GRUPPE AG (n/a) - 4.50%	n/a (n/a) - 0.71%
#9	CHUBB LTD (CB) - 4.45%	CONNECTICUT ST 5% (n/a) - 0.71%
#10	JPMORGAN CHASE & CO (JPM) - 4.32%	MARYLAND ST 5% (n/a) - 0.69%
#11	AMERICAN EXPRESS CO (AXP) - 3.60%	LOS ANGELES CALIF DEPT WTR & PWR REV 5% (n/a) - 0.68%
#12	LOEWS CORP (L) - 3.08%	MASSACHUSETTS ST 5% (n/a) - 0.67%
#13	RENAISSANCERE HOLDINGS LTD (RNR) - 2.99%	CALIFORNIA ST PUB WKS BRD LEASE REV 5% (n/a) - 0.66%
#14	DBS GROUP HOLDINGS LTD (n/a) - 2.98%	UNIVERSITY CALIF REVS 5% (n/a) - 0.65%
#15	ROCKET COMPANIES INC ORDINARY SHARES CLASS A (RKT) - 2.59%	PENNSYLVANIA ST TPK COMMN TPK REV 5% (n/a) - 0.61%
#16	DANSKE BANK AS (n/a) - 2.58%	MASSACHUSETTS ST CLEAN WTR TR 5% (n/a) - 0.58%
#17	BANK OF AMERICA CORP (BAC) - 2.45%	LOS ANGELES CALIF UNI SCH DIST 5% (n/a) - 0.56%
#18	BANK OF NEW YORK MELLON CORP (BNY) - 2.40%	TEXAS WTR DEV BRD REV 5% (n/a) - 0.56%
#19	EXOR NV (n/a) - 2.35%	OHIO ST 5% (n/a) - 0.56%
#20	TRUIST FINANCIAL CORP (TFC) - 2.33%	CONNECTICUT ST SPL TAX OBLIG REV 5% (n/a) - 0.53%
#21	EVEREST GROUP LTD (EG) - 2.25%	NEW JERSEY ST 5% (n/a) - 0.53%
#22	STATE STREET CORP (STT) - 2.12%	HONOLULU HAWAII CITY & CNTY 5% (n/a) - 0.53%
#23	CHIME FINANCIAL INC ORDINARY SHARES CLASS A (CHYM) - 1.97%	NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% (n/a) - 0.51%
#24	BANK OF N.T BUTTERFIELD & SON LTD (n/a) - 1.91%	INDIANAPOLIS IND LOC PUB IMPT BD BK 5% (n/a) - 0.50%
#25	DNB BANK ASA (n/a) - 1.80%	INDIANA ST FIN AUTH REV 5% (n/a) - 0.45%
Total Holdings	31	702

DFNL vs IBMR - Historical Returns

Returns include dividend reinvestment.

Period	DFNL	IBMR
1 month	+6.15%	-0.08%
3 months	+6.46%	+0.18%
6 months	+5.99%	+0.01%
1 year	+19.44%	+2.62%
5 years(CAGR)	+13.92%	N/A
10 years(CAGR)	+12.61%	N/A
Max(CAGR)	+12.61%	+2.71%

Winner

DFNL

+6.15%

IBMR

-0.08%

Winner

DFNL

+6.46%

IBMR

+0.18%

Winner

DFNL

+5.99%

IBMR

+0.01%

Winner

DFNL

+19.44%

IBMR

+2.62%

5Y(CAGR)

DFNL

+13.92%

IBMR

N/A

10Y(CAGR)

DFNL

+12.61%

IBMR

N/A

Max(CAGR)

Winner

DFNL

+12.61%

IBMR

+2.71%

DFNL vs IBMR - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	DFNL	IBMR
2026	+5.06%	+0.58%
2025	+29.18%	+4.28%
2024	+28.12%	+0.26%
2023	+13.50%	+3.46%
2022	-9.76%	N/A
2021	+32.55%	N/A
2020	-5.87%	N/A
2019	+26.20%	N/A
2018	-11.18%	N/A
2017	+20.47%	N/A

DFNL vs IBMR Drawdown Comparison

The maximum drawdown for DFNL was -44.51%, occurring on Mar 23, 2020. Recovery took 259 trading sessions.

The maximum drawdown for IBMR was -4.83%, occurring on Oct 6, 2023. Recovery took 139 trading sessions.

The current DFNL drawdown is -0.95%. The current IBMR drawdown is -0.67%.

Rank	DFNL	IBMR
#1	-44.51% Jan 2, 2020 - Jan 12, 2021	-4.83% May 11, 2023 - Nov 29, 2023
#2	-26.27% Feb 9, 2022 - Feb 29, 2024	-3.25% Dec 27, 2023 - Aug 6, 2024
#3	-21.13% Jan 26, 2018 - Nov 4, 2019	-2.44% Feb 26, 2025 - Jun 26, 2025
#4	-16.05% Feb 6, 2025 - May 13, 2025	-2.11% Oct 2, 2024 - Feb 26, 2025
#5	-12.94% Jan 6, 2026 - Jul 1, 2026	-1.55% Feb 24, 2026 - Mar 24, 2026
#6	-9.36% Oct 22, 2021 - Jan 7, 2022	-0.88% Sep 17, 2025 - Dec 24, 2025
#7	-8.80% Jun 4, 2021 - Aug 11, 2021	-0.57% Aug 6, 2024 - Aug 21, 2024
#8	-8.49% Jan 14, 2021 - Feb 16, 2021	-0.43% Jul 23, 2025 - Jul 28, 2025
#9	-7.94% Nov 29, 2024 - Jan 27, 2025	-0.35% Aug 23, 2024 - Sep 6, 2024
#10	-7.45% Jul 30, 2024 - Aug 23, 2024	-0.23% Jan 9, 2026 - Jan 15, 2026
#11	-7.09% Aug 12, 2021 - Oct 8, 2021	-0.20% Aug 7, 2025 - Aug 11, 2025
#12	-6.54% Jan 13, 2022 - Feb 9, 2022	-0.18% Dec 24, 2025 - Jan 6, 2026
#13	-6.53% Mar 28, 2024 - May 8, 2024	-0.18% Aug 19, 2025 - Aug 26, 2025
#14	-6.31% Mar 1, 2017 - Jun 13, 2017	-0.16% Sep 6, 2024 - Sep 10, 2024
#15	-5.61% Sep 18, 2025 - Nov 11, 2025	-0.16% Sep 10, 2024 - Sep 16, 2024