AAEQ vs AAUA: Grades, Fees and Holdings Compared

Alpha Architect US Equity 2 ETF

AAEQBNasdaq

Alpha Architect US Equity 3 ETF

AAUABCboe

Overlap

99.5%by weight

Expense ratio

AAEQ0.09%AAUA0.09%

Avg volume · 30D

AAUA 3.5×the volume

AAEQ1.23KAAUA4.32K

AAEQ vs AAUA Performance

Jul 31, 2026 – Oct 30, 2026

+1.2%AAEQ+1.1%AAUA

Expense ratio: AAEQ 0.09%; AAUA 0.09%
Fund size: AAEQ $501M; AAUA $357M
Holdings: AAEQ 380; AAUA 380
Avg volume (30D): AAEQ 1.23K sh; AAUA 4.32K sh, better
NAV per share: AAEQ $54.01; AAUA $57.83
52W range

ETF.net Grade

Pillar letters and Scores for AAEQ, AAUA, with each pillar’s weight
Pillar	AAEQ	AAUA
Cost30% weight	B59	B59
Mission25% weight	A98	Not scored
Risk15% weight	C51	A77Higher
Tradability15% weight	C47Higher	C40
Holdings10% weight	C43	C44Higher
Durability5% weight	D32Higher	F24

Rank among US Stocks funds

How we build Categories ›

Same Category. AAEQ and AAUA are both graded against the same 7 US Stocks funds, so their Grades compare head to head.

US Stocks⁠

Category · 7 funds

See all 7 ›

AAEQ ranks 3rd and AAUA 4th of 7 funds in the US Stocks Category.

Rank 1AGSUSGoldman Sachs MarketBeta U.S. Equity ETFScore 80
Rank 2BGUSAGoldman Sachs MarketBeta US 1000 Equity ETFScore 66
Rank 3BAAEQAlpha Architect US Equity 2 ETFScore 62
Rank 4BAAUAAlpha Architect US Equity 3 ETFScore 54
Rank 5CSTXKStrive Small-Cap ETFScore 50

Our read on each fund

ETF.net Research

AAEQBAlpha Architect US Equity 2 ETF

AAUABAlpha Architect US Equity 3 ETF

In short

AAEQ Plain US beta with a size floor: market-cap-weighted exposure to American stocks worth at least $1 billion, for 0.09% a year. It launched in December 2025, so the strategy is old-fashioned but the fund itself is brand new.

AAUA No data

Stated mandate

AAEQ The Fund seeks long-term capital appreciation through broadly diversified exposure to the U.S. stock market, using market-cap-weighted exposure to U.S. stocks with market capitalization of at least $1 billion.

AAUA No data

Why people hold it

AAEQ 0.09% a year, under half what the typical fund in its peer group charges.
Boring by design: market-cap weighting, no stock picking, and a $1 billion size floor that screens out the market's smallest names.alphaarchitect.com
The stated mandate is broad diversification across the US market, not a concentrated wager on a handful of names or one sector.alphaarchitect.com

AAUA No data

Worth knowing

AAEQ Trading is thin, so spreads can run wider than at the category's household names. How you place the order matters more here.
It opened in December 2025, so there is little live history on how closely it tracks or how it handles a real drawdown.
Cheap, but not the cheapest shelf in the aisle: ILCB covers broad US equity at 0.03%.

AAUA No data

Full AAEQ profile⁠

Full AAUA profile⁠

AAEQ vs AAUA Holdings

How AAEQ and AAUA differ

Overlap by weight

99.5%

Shared holdings make up 100% of AAEQ and 100% of AAUA.

Level by level

Sector11 Sectors91.1%
Holdings379 in both99.5%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in AAEQ and AAUA, widest gap first
Sector	More in AAEQMore in AAUA	AAEQ	AAUA
Financials	AAEQ +8.9 points	20.2%	11.3%
Technology	AAUA +5.1 points	35.7%	40.8%
Communication	AAUA +1.4 points	8.2%	9.6%
Industrials	AAUA +1.1 points	6.7%	7.8%
Consumer Discretionary	AAUA +0.4 points	8.0%	8.4%
Health Care	AAUA +0.4 points	8.8%	9.2%
Utilities	AAUA +0.1 points	1.6%	1.7%
Real Estate	AAUA +0.1 points	1.6%	1.7%
Materials	AAUA +0.1 points	1.6%	1.7%
Consumer Staples	Same weight	4.1%	4.1%
Energy	Same weight	3.7%	3.7%

Country, concentration and asset class

Country by domicile

Country weights in AAEQ and AAUA, widest gap first
Country	More in AAEQMore in AAUA	AAEQ	AAUA
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.4%	0.4%
Mexico	Same weight	0.1%	0.1%
China	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%
Ireland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

AAEQ40.4%
AAUA40.4%

Securities held

AAEQ379
AAUA379

Asset class

AAEQ: Equity
AAUA: Equity

Holdings

Only in AAEQ0
In both379
Only in AAUA0

Only in AAEQ

0 securities, 0.0% of AAEQ by weight

Only in AAUA

0 securities, 0.0% of AAUA by weight

Weight gaps

The 100 widest of 379 Holdings in both funds.

Holding weights in AAEQ and AAUA, widest gap first
Holding	More in AAEQMore in AAUA	AAEQ	AAUA
Fedex Freight Holding Co IncFDXF	AAUA +0.02 points	0.02%	0.04%
PPG Industries IncPPG	AAUA +0.01 points	0.02%	0.03%
PulteGroup IncPHM	AAUA +0.01 points	0.02%	0.03%
Microchip Technology IncMCHP	AAUA +0.02 points	0.05%	0.07%
Amazon.com IncAMZN	AAEQ +0.01 points	3.32%	3.31%
Morgan StanleyMS	AAUA +0.01 points	0.36%	0.37%
Illinois Tool Works IncITW	AAUA +0.02 points	0.09%	0.11%
Regeneron Pharmaceuticals IncREGN	AAUA +0.01 points	0.17%	0.18%
Garmin LtdGRMN	AAUA +0.02 points	0.08%	0.10%
Accenture PLCACN	AAEQ +0.02 points	0.20%	0.18%
Host Hotels & Resorts IncHST	AAEQ +0.02 points	0.08%	0.06%
Coca-Cola Co/TheKO	AAEQ +0.01 points	0.64%	0.63%
NXP Semiconductors NVNXPI	AAUA +0.02 points	0.08%	0.10%
AMETEK IncAME	AAUA +0.02 points	0.14%	0.16%
Bristol-Myers Squibb CoBMY	AAEQ +0.01 points	0.26%	0.25%
Vertex Pharmaceuticals IncVRTX	AAUA +0.01 points	0.22%	0.23%
Bunge Global SABG	AAEQ +0.02 points	0.07%	0.05%
Kenvue IncKVUE	AAEQ +0.01 points	0.09%	0.08%
Caterpillar IncCAT	AAUA +0.01 points	0.45%	0.46%
Lumentum Holdings IncLITE	AAEQ +0.01 points	0.13%	0.12%
Monster Beverage CorpMNST	AAUA +0.01 points	0.15%	0.16%
S&P Global IncSPGI	AAUA +0.02 points	0.13%	0.15%
Citigroup IncC	AAEQ +0.01 points	0.35%	0.34%
Devon Energy CorpDVN	AAEQ +0.01 points	0.12%	0.11%
Altria Group IncMO	AAEQ +0.01 points	0.20%	0.19%
Sandisk CorpSNDK	AAEQ +0.01 points	0.26%	0.25%
MiniMed Group IncMMED	AAEQ +0.01 points	0.18%	0.17%
Elevance Health IncANTM	AAUA +0.01 points	0.14%	0.15%
ONEOK IncOKE	AAUA +0.01 points	0.11%	0.12%
Gilead Sciences IncGILD	AAEQ +0.01 points	0.32%	0.31%
Goldman Sachs Group Inc/TheGS	AAUA +0.01 points	0.40%	0.41%
Welltower IncWELL	AAUA +0.01 points	0.33%	0.34%
Starbucks CorpSBUX	AAEQ +0.01 points	0.23%	0.22%
Oracle CorpORCL	AAUA +0.01 points	0.28%	0.29%
Chubb LtdCB	AAUA +0.01 points	0.25%	0.26%
SLB LtdSLB	AAEQ +0.01 points	0.15%	0.14%
Cboe Global Markets IncCBOE	AAEQ +0.01 points	0.06%	0.05%
Keurig Dr Pepper IncKDP	AAUA +0.01 points	0.10%	0.11%
CSX CorpCSX	AAUA +0.01 points	0.23%	0.24%
Prologis IncPLD	AAEQ +0.01 points	0.19%	0.18%
AT&T IncT	AAEQ +0.01 points	0.23%	0.22%
Occidental Petroleum CorpOXY	AAEQ +0.01 points	0.10%	0.09%
Moderna IncMRNA	AAEQ +0.01 points	0.11%	0.10%
PACCAR IncPCAR	AAEQ +0.01 points	0.13%	0.12%
iShares Core S&P 500 ETFIVV	AAEQ +0.01 points	4.82%	4.81%
Nucor CorpNUE	AAUA +0.01 points	0.17%	0.18%
Ventas IncVTR	Same weight	0.15%	0.15%
Charles River Laboratories International IncCRL	AAEQ +0.01 points	0.07%	0.06%
Advanced Micro Devices IncAMD	AAEQ +0.01 points	1.22%	1.21%
First American Government Obligations Fund 12/01/2031	AAEQ +0.01 points	0.12%	0.11%
Analog Devices IncADI	Same weight	0.36%	0.36%
NVIDIA CorpNVDA	AAUA +0.01 points	7.01%	7.02%
Pinnacle West Capital CorpPNW	AAEQ +0.01 points	0.06%	0.05%
Hasbro IncHAS	AAEQ +0.01 points	0.07%	0.06%
ConocoPhillipsCOP	AAEQ +0.01 points	0.31%	0.30%
Apple IncAAPL	AAUA +0.01 points	6.86%	6.87%
Live Nation Entertainment IncLYV	Same weight	0.07%	0.07%
American Electric Power Co IncAEP	Same weight	0.17%	0.17%
Marriott International Inc/MDMAR	AAEQ +0.01 points	0.20%	0.19%
Marathon Petroleum CorpMPC	AAEQ +0.01 points	0.23%	0.22%
Alphabet IncGOOG	AAUA +0.01 points	1.84%	1.85%
Williams-Sonoma IncWSM	AAEQ +0.01 points	0.08%	0.07%
Intercontinental Exchange IncICE	AAEQ +0.01 points	0.09%	0.08%
Becton Dickinson & CoBDXA	AAEQ +0.01 points	0.12%	0.11%
Hilton Worldwide Holdings IncHLT	AAEQ +0.01 points	0.19%	0.18%
International Flavors & Fragrances IncIFF	AAEQ +0.01 points	0.07%	0.06%
Broadcom IncAVGO	AAUA +0.01 points	2.15%	2.16%
Viatris IncVTRS	AAEQ +0.01 points	0.10%	0.09%
Entergy CorpETR	AAEQ +0.01 points	0.13%	0.12%
Keysight Technologies IncKEYS	AAEQ +0.01 points	0.13%	0.12%
Micron Technology IncMU	Same weight	1.45%	1.45%
Dollar General CorpDG	Same weight	0.06%	0.06%
IQVIA Holdings IncIQV	AAUA +0.01 points	0.08%	0.09%
Tesla IncTSLA	Same weight	1.53%	1.53%
Marvell Technology IncMRVL	Same weight	0.27%	0.27%
Truist Financial CorpTFC	Same weight	0.11%	0.11%
Merck & Co IncMRK	Same weight	0.58%	0.58%
Prudential Financial IncPRU	Same weight	0.09%	0.09%
Johnson & JohnsonJNJ	Same weight	1.02%	1.02%
Westinghouse Air Brake Technologies CorpWAB	Same weight	0.15%	0.15%
Berkshire Hathaway IncBRK.B	AAUA +0.01 points	1.29%	1.30%
Ameriprise Financial IncAMP	Same weight	0.07%	0.07%
Humana IncHUM	Same weight	0.10%	0.10%
Automatic Data Processing IncADP	Same weight	0.13%	0.13%
Fifth Third BancorpFITB	Same weight	0.13%	0.13%
Meta Platforms IncMETA	AAUA +0.01 points	1.90%	1.91%
West Pharmaceutical Services IncWST	Same weight	0.08%	0.08%
Phillips 66PSX	Same weight	0.21%	0.21%
Honeywell Aerospace IncHONA	Same weight	0.06%	0.06%
eBay IncEBAY	Same weight	0.11%	0.11%
JPMorgan Chase & Co.JPM	AAUA +0.01 points	1.22%	1.23%
Datadog IncDDOG	AAEQ +0.01 points	0.12%	0.11%
Visa IncV	Same weight	0.97%	0.97%
Thermo Fisher Scientific IncTMO	Same weight	0.36%	0.36%
State Street SPDR Portfolio S&P 500 ETFSPYM	Same weight	4.82%	4.82%
Chevron CorpCVX	Same weight	0.68%	0.68%
Linde PLCLIN	Same weight	0.28%	0.28%
Motorola Solutions IncMSI	Same weight	0.10%	0.10%
Pfizer IncPFE	AAUA +0.01 points	0.26%	0.27%
Cadence Design Systems IncCDNS	Same weight	0.08%	0.08%

All AAEQ holdings⁠All AAUA 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.

AAEQ vs AAUA Cost

Same expense ratio

$1,898

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

AAEQ 0.09%
$1,898
AAUA 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

AAEQ 0.09%
AAUA 0.09%

Year by year

Year	AAEQ	AAUA
10	$165	$165
20	$646	$646
30	$1,898	$1,898

Expense ratio

0.09%AAEQ
0.09%AAUA

AAEQ0.09%AAUA0.09%

0.07%0.30%

Middle half of US Stocks funds
Median 0.10%

AAEQ 2nd cheapest of 7 funds

AAUA 2nd cheapest of 7 funds

AAEQ vs AAUA Dividends

Last 12 months to Oct 30, 2026

Payout (12M): AAEQ No data; AAUA None
Last payment: AAEQ $0.05; AAUA No data
Ex-dividend: AAEQ Dec 30, 2025; AAUA No data
Paid on: AAEQ Dec 31, 2025; AAUA No data
Frequency: AAEQ Irregular; AAUA No data

Distribution history

Per share, 2025 to 2026, same scale for both

AAEQIrregular · 1 paymentAll AAEQ payments⁠

AAUAAll AAUA payments⁠

No distribution history available.

AAEQ vs AAUA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years: AAEQ 0.98AAUA 1.03; Market = 1

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