DWLD vs SFGV

DWLDCDavis Select Worldwide ETF

SFGVASequoia Global Value ETF

In short

DWLD Old-school stockpicking in an ETF shell. Since January 2017 Davis has run a concentrated global book, about 40 names across US, developed and emerging markets, bought at discounts to its own estimate of value. Fee: 0.62%, no waiver.

SFGV A wealth manager's global value model in ETF clothing: SFGV hunts profitable companies with cheap cash flows and a habit of paying shareholders back, at 0.33% net of a waiver through March 31, 2027, below most global value rivals.

Stated mandate

DWLD The Fund seeks long-term growth of capital.

SFGV The Fund seeks long-term growth of capital.

Why people hold it

• DWLD Genuinely active: roughly 40 stocks spanning US, developed and emerging markets, with no market-cap limits, so the portfolio can look nothing like a global index.sec.gov
• Patient by design: the prospectus describes buying below estimated intrinsic value and selling on valuation or thesis change, and reported turnover has been low.sec.govsec.gov 2
• The 0.62% fee sits near the category median and rests on no waiver, unlike SFGV at 0.33% net of a waiver through March 31, 2027, which can reset when that ends.
• Trading since January 2017, so there is a long run of live results to inspect rather than a backtest.stockanalysis.com

• SFGV Value here means cash, not book value: the US sleeve starts with roughly the 3,000 largest American companies, then ranks them on shareholder yield and free cash flow yield.etfarchitect.com
• 0.33% net of a waiver through March 31, 2027 (0.38% gross), below the category median and under peers like FEGE at 0.50% net of a waiver through December 31, 2026, and GKAT at 0.59%.
• One ticket spans US, developed-international and emerging-market stocks across large, mid and small caps, held through individual names plus ETFs. Pays quarterly.etfarchitect.com
• Trading since January 2024 and already a billion-dollar-plus fund, it sits in the upper tier of its global value peer group.

Worth knowing

• DWLD Cheaper global value exists: AVGV charges 0.26% and FEGE 0.50% net of a waiver through December 31, 2026. Here you pay up for the stockpicking.
• It trades thinly, so spreads can widen; limit orders do more work here than in a mega-cap index fund.
• About 40 holdings and no index to hug means single names carry real weight and results can diverge widely from a global benchmark.sec.gov

• SFGV It trades thinly, so spreads can be wider than on the big index names. That cost sits outside the expense ratio.
• Part of the portfolio is held through other ETFs, whose own expenses stack on top of this fund's fee.etfarchitect.com
• The name is younger than the fund: it traded as CCM Global Equity ETF until October 29, 2025, so part of the record predates the Sequoia label.etfarchitect.com

Full DWLD profile⁠

Full SFGV profile⁠