DFNL vs IVV

ADFNL

BIVV

Measures won3–3level · of 6 · 5Y

$10,000 · 5Y$17,652DFNL · IVV $17,177

Lowest cost0.03%IVV · $3 on $10k

Most income1.31%DFNL · $131 on $10k

Smallest drop−8.9%SPY · worst fall in 1Y

Held in common5.7%DFNL and IVV

DFNL

IVV

Davis Select Financial ETF · $456MiShares Core S&P 500 ETF · $853B

+26.8%3 years · per year$20,400 · $18,084+21.8%

+12.0%5 years · per year$17,652 · $17,177+11.4%

0.61%Expense ratio$61 · $3 on $10k · lower wins0.03%

1.31%12-mo yield$131 · $114 on $10k1.14%

−12.9%Worst dropSmaller wins−8.9%

15.0%VolatilityLower wins13.6%

3–3Level

$10,000 · 5 yearsAll three, one scale

Shared top holdingsDFNL · IVV

6.0%BRK-B1.7%

4.4%JPM1.4%

1.9%BAC0.5%

5.0%WFC0.4%

Held in common5.7%

End-of-day Nov 6, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	ADFNL	Davis Select Financial ETFRead Desk	0.61%	1.31%	−0.5%	+4.4%	+13.3%	+26.8%	+12.0%	−12.9%	$456M
2	BIVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	+0.3%	+8.7%	+9.8%	+21.8%	+11.4%	−8.9%	$852.9B
3	SPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	+0.3%	+8.7%	+9.7%	+21.7%	+11.3%	−8.9%	$818.5B

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	ADFNL	Davis Select Financial ETFRead Desk	0.61%	1.31%	−0.5%	+4.4%	+13.3%	+26.8%	+12.0%	−12.9%	$456M
2	BIVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	+0.3%	+8.7%	+9.8%	+21.8%	+11.4%	−8.9%	$852.9B
3	SPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	+0.3%	+8.7%	+9.7%	+21.7%	+11.3%	−8.9%	$818.5B

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

DFNL vs IVV

DFNL

Davis Select Financial

$17,652

IVV

iShares Core S&P 500

$17,177

MeasureDFNLIVV

Fee0.61%0.03%

Cost on $10k a year$61$3

Yield1.31%1.14%

5 years, per year+12.0%+11.4%

3 years, per year+26.8%+21.8%

Worst drop · 1Y−12.9%−8.9%

Volatility · 1Y15.0%13.6%

3–3measures won
level

5.7%

holdings shared

Nov 6, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+8.8%

SPYSPDR

+8.7%

+8.8%Year to date+8.7%

1.1%Yield1.0%

$182BAssets$819B

2–0SPYM wins

End-of-day Nov 6, 2026

VOO vs IVV

YTD

VanguardVOO

+8.7%

IVViShares

+8.7%

+8.7%Year to date+8.7%

1.1%Yield1.1%

$1.00TAssets$853B

0–0level

End-of-day Nov 6, 2026

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

Overlap: DFNL, IVV, SPY

Today

99.9%most shared, IVV and SPY

DFNLIVVSPY

DFNL—5.7%5.7%

IVV5.7%—99.9%

SPY5.7%99.9%—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$111most kept, IVV

IVV$114 − $3 = $111

SPY$103 − $9 = $94

DFNL$131 − $61 = $70

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee