Skip to content
etf.net

DFNL vs TMED

Davis Select Financial ETF

DFNLBCboe

T. Rowe Price Health Care ETF

TMEDBNasdaq

Overlap

Expense ratio

TMED −0.17pt a year

DFNL0.61%TMED0.44%

Avg volume · 30D

DFNL 4.8×the volume

DFNL35.4KTMED7.43K

DFNL vs TMED Performance

Oct 31, 2025 – Oct 30, 2026

+13.0%DFNL+20.6%TMED

Oct 31, 2025 to Oct 30, 2026. DFNL +13.0%. TMED +20.6%. Use the arrow keys to read each point.0%5%25%30%Oct 2025Apr 2026Oct 2026
Expense ratio
DFNL 0.61%
TMED 0.44%, better
Fund size
DFNL $448M
TMED $34M
1Y total return
DFNL +13.0%
TMED +20.6%, better
Yield (12M)
DFNL 1.32%
TMED No data
Holdings
DFNL 30
TMED 112
Avg volume (30D)
DFNL 35.4K sh, better
TMED 7.43K sh
NAV per share
DFNL $49.88
TMED $34.31
52W range

ETF.net Grade

DFNL: Cost 50, Risk 67, Mission not scored, Tradability 64, Holdings 32, Durability 75. TMED: Cost 82, Risk 55, Mission not scored, Tradability 59, Holdings 91, Durability 35.
Pillar letters and Scores for DFNL, TMED, with each pillar’s weight
PillarDFNLTMED
Cost30% weightC50A82Higher
Mission25% weightNot scoredNot scored
Risk15% weightB67HigherB55
Tradability15% weightB64HigherB59
Holdings10% weightD32A91Higher
Durability5% weightA75HigherD35

Rank among US Active Sector funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DFNL and TMED are both graded against the same 35 US Active Sector funds, so their Grades compare head to head.

US Active Sector⁠

Category · 35 funds
See all 35 ›

TMED ranks 2nd and DFNL 12th of 35 funds in the US Active Sector Category.

  1. Rank 1AAVREAvantis Real Estate ETFScore 77
  2. Rank 2APSRInvesco Active U.S. Real Estate ETFScore 70
  3. Rank 2BTMEDT. Rowe Price Health Care ETFScore 70
  4. Rank 4ATRUTVanEck Technology TruSector ETFScore 69
  5. Rank 11BUSNGAmplify Samsung U.S. Natural Gas Infrastructure ETFScore 56
  6. Rank 12BDFNLDavis Select Financial ETFScore 55
  7. Rank 13CBYREPrincipal Real Estate Active Opportunities ETFScore 52

Our read on each fund

ETF.net Research

DFNLBDavis Select Financial ETF

TMEDBT. Rowe Price Health Care ETF

In short

DFNL Most financials ETFs hand you the whole sector by market cap. DFNL hands you roughly 30 banks and insurers, picked one at a time by Davis, a firm that has been investing since 1969.

TMED No data

Stated mandate

DFNL The Fund seeks long-term growth of capital.

TMED No data

Why people hold it

  • DFNL Genuinely active, not index-plus. The prospectus sets a 15 to 35 stock range and puts at least 80% in financial services, so security selection shapes the book, not index weights.sec.gov
  • Patient by design. Reported portfolio turnover has run low since launch, and the prospectus is blunt that turnover drives trading costs and taxable gains.sec.govsec.gov 2
  • The 0.61% fee sits near the going rate among the 35 active sector-equity ETFs we track, and it is the full sticker: no waiver dressing it up, nothing to expire.
  • One of the stronger implementations in its active sector-equity peer group, built on the same Davis Investment Discipline the firm applies across its funds.sec.gov

TMED No data

Worth knowing

  • DFNL Non-diversified on purpose. About 30 names in one sector means a stumble at a big holding lands hard, with no other sectors to soften it.sec.gov
  • Thinly traded compared with the giant index financials funds, and mid-size in assets, so spreads can widen and order placement matters more.
  • Income is a byproduct here. Distributions land once or twice a year, not monthly, and the stated objective is long-term growth of capital.

TMED No data

Full DFNL profile⁠

Full TMED profile⁠

DFNL vs TMED Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DFNL vs TMED Cost

Overpaying DFNL vs TMED

$3,146

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DFNL 0.61%

    $11,998

  • TMED 0.44%

    $8,852

$10,000
30 years

Cost over time

  • DFNL 0.61%
  • TMED 0.44%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530DFNL $11,998TMED $8,852

Year by year

YearDFNLTMEDOverpaying
10$1,093$794$299
20$4,181$3,061$1,120
30$11,998$8,852$3,146

Expense ratio

  • 0.61%DFNL
  • 0.44%TMED, cheaper
  • Middle half of US Active Sector funds
  • Median 0.61%

TMED 7th cheapest of 35 funds

DFNL 18th cheapest of 35 funds

DFNL vs TMED Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DFNL 1.32%
TMED No data
Payout (12M)
DFNL $0.66
TMED No data
Last payment
DFNL $0.66
TMED $0.16
Ex-dividend
DFNL Dec 29, 2025
TMED Dec 23, 2025
Paid on
DFNL Dec 30, 2025
TMED Dec 26, 2025
Frequency
DFNL Annual
TMED Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

DFNLAnnual · 9 paymentsAll DFNL payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.26; Dec 26, 2018 $0.64; Dec 27, 2019 $0.64; Dec 29, 2020 $0.35; Dec 29, 2021 $0.75; Dec 28, 2022 $0.91; Dec 27, 2023 $0.70; Dec 27, 2024 $0.83; Dec 29, 2025 $0.66. Use the arrow keys to read each point.$0$12017202020232026YTD
TMEDIrregular · 1 paymentAll TMED payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Dec 23, 2025 $0.16. Use the arrow keys to read each point.$0$12017202020232026YTD

DFNL vs TMED Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DFNL 15.0%TMED 14.7%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
DFNL 1.36TMED 1.50since Jul 2025
Worst fallMax drawdown, 5 years
DFNL −26.3%TMED −11.1%since Jun 2025
Market sensitivityBeta, 5 years
DFNL 0.84TMED 0.46

Popular comparisons

  • DFNLBvsAVREA

    Davis Select Financial ETF · Avantis Real Estate ETF

    Expense ratio
    0.61% · 0.17%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TMEDBvsAVREA

    T. Rowe Price Health Care ETF · Avantis Real Estate ETF

    Expense ratio
    0.44% · 0.17%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DFNLBvsPSRA

    Davis Select Financial ETF · Invesco Active U.S. Real Estate ETF

    Expense ratio
    0.61% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TMEDBvsPSRA

    T. Rowe Price Health Care ETF · Invesco Active U.S. Real Estate ETF

    Expense ratio
    0.44% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DFNLBvsTRUTA

    Davis Select Financial ETF · VanEck Technology TruSector ETF

    Expense ratio
    0.61% · 0.14%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TMEDBvsTRUTA

    T. Rowe Price Health Care ETF · VanEck Technology TruSector ETF

    Expense ratio
    0.44% · 0.14%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.