AAUS vs DFAC: Grades, Fees and Holdings Compared

Alpha Architect US Equity ETF

AAUSANasdaq

Dimensional US Core Equity 2 ETF

DFACANYSE Arca

Overlap

64.5%by weight

Expense ratio

AAUS −0.08pt a year

AAUS0.09%DFAC0.17%

Avg volume · 30D

DFAC 283.8×the volume

AAUS7.06KDFAC2M

AAUS vs DFAC Performance

Oct 31, 2025 – Oct 30, 2026

+10.2%AAUS+16.1%DFAC

Expense ratio: AAUS 0.09%, better; DFAC 0.17%
Fund size: AAUS $526M; DFAC $87.7B
1Y total return: AAUS +10.2%; DFAC +16.1%, better
Yield (12M): AAUS No data; DFAC 0.88%
Holdings: AAUS 380; DFAC 2553
Avg volume (30D): AAUS 7.06K sh; DFAC 2M sh, better
NAV per share: AAUS $60.69; DFAC $44.87
52W range

ETF.net Grade

Pillar letters and Scores for AAUS, DFAC, with each pillar’s weight
Pillar	AAUS	DFAC
Cost30% weight	A99Higher	A94
Mission25% weight	Not scored	A100
Risk15% weight	B60	B66Higher
Tradability15% weight	C45	A87Higher
Holdings10% weight	B69	A87Higher
Durability5% weight	B60	A97Higher

Rank among US Active Equity funds

How we build Categories ›

Same Category. AAUS and DFAC are both graded against the same 121 US Active Equity funds, so their Grades compare head to head.

US Active Equity⁠

Category · 121 funds

See all 121 ›

DFAC ranks 3rd and AAUS 15th of 121 funds in the US Active Equity Category.

Rank 1AAVLCAvantis U.S. Large Cap Equity ETFScore 87
Rank 2ADFAUDimensional US Core Equity Market ETFScore 86
Rank 3ADFACDimensional US Core Equity 2 ETFScore 85
Rank 4ADYNFiShares U.S. Equity Factor Rotation Active ETFScore 83
Rank 14AAVIEAvantis Inflation Focused Equity ETFScore 74
Rank 15AAAUSAlpha Architect US Equity ETFScore 73
Rank 15AFEACFidelity Enhanced U.S. All-Cap Equity ETFScore 73

Our read on each fund

ETF.net Research

AAUSAAlpha Architect US Equity ETF

DFACADimensional US Core Equity 2 ETF

In short

AAUS No data

DFAC Dimensional's whole-market workhorse: roughly 2,600 US stocks in one ticker, run by managers who weigh federal tax consequences before they trade, at a fee closer to index funds than to active ones.

Stated mandate

AAUS No data

DFAC The fund seeks long-term capital appreciation while considering federal income-tax implications in its investment decisions.

Why people hold it

AAUS No data

DFAC 0.17% a year for an actively run fund, well under the median fee among active US equity ETFs.
About 2,600 US stocks under one ticker, so it holds the market broadly rather than a narrow slice of it.
Federal income-tax implications sit inside the stated objective, not in a footnote, so they factor into what managers buy and sell.
A multi-billion-dollar fund with a track record running back to 2007 and one of the strongest implementations in its peer group.

Worth knowing

AAUS No data

DFAC Actively managed, so there's no published index to check it against. Holdings and tilts shift at the managers' discretion.
Dimensional's own DFAU runs a US core equity mandate for 0.12%, a slightly lighter fee for a similar shelf.
All stocks, all US: the mandate is capital appreciation from equities, so it takes the market's full swings, and cash arrives quarterly.

Full AAUS profile⁠

Full DFAC profile⁠

AAUS vs DFAC Holdings

How AAUS and DFAC differ

Overlap by weight

64.5%

Shared holdings make up 88.8% of AAUS and 71.1% of DFAC.

Level by level

Holdings355 in both64.5%
Sector11 Sectors88.0%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in AAUS and DFAC, widest gap first
Sector	More in AAUSMore in DFAC	AAUS	DFAC
Industrials	DFAC +6.2 points	6.4%	12.6%
Technology	AAUS +5.9 points	36.3%	30.4%
Financials	AAUS +3.7 points	19.7%	16.0%
Energy	DFAC +2.4 points	3.6%	6.0%
Materials	DFAC +1.3 points	1.6%	2.9%
Real Estate	AAUS +1.2 points	1.5%	0.3%
Communication	AAUS +1.2 points	8.2%	7.0%
Consumer Discretionary	DFAC +0.9 points	8.1%	9.0%
Consumer Staples	DFAC +0.7 points	4.3%	5.0%
Health Care	DFAC +0.3 points	8.8%	9.1%
Utilities	DFAC +0.3 points	1.5%	1.8%

Country, concentration and asset class

Country by domicile

Country weights in AAUS and DFAC, widest gap first
Country	More in AAUSMore in DFAC	AAUS	DFAC
United States	AAUS +0.6 points	99.5%	98.9%
Other countries (13)	DFAC +0.6 points	0.5%	1.1%

Concentration

Weight in the 10 largest Holdings

AAUS40.7%
DFAC26.4%

Securities held

AAUS379
DFAC2,550

Asset class

AAUS: Equity
DFAC: Equity

Holdings

Only in AAUS24
In both355
Only in DFAC2,195

Only in AAUS

24 securities, 11.2% of AAUS by weight

iShares Core S&P 500 ETF4.53%
State Street SPDR Portfolio S&P 500 ETF4.53%
Welltower Inc0.31%
Equinix Inc0.18%
Prologis Inc0.17%
MiniMed Group Inc0.17%
Simon Property Group Inc0.15%
Ventas Inc0.14%
Elevance Health Inc0.13%
Becton Dickinson & Co0.10%
First American Government Obligations Fund 12/01/20310.10%
American Tower Corp0.08%
Digital Realty Trust Inc0.07%
Host Hotels & Resorts Inc0.07%
Ball Corp0.07%
Vivmark Residential0.06%
Iron Mountain Inc0.05%
Kimco Realty Corp0.04%
Public Storage0.04%
Realty Income Corp0.04%
Federal Realty Investment Trust0.04%
Block Inc0.04%
Essex Property Trust Inc0.03%
Regency Centers Corp0.01%

Only in DFAC

2,195 securities, 28.5% of DFAC by weight

Eog Resources Inc Common Stock USD.010.22%
Cheniere Energy Inc Common Stock USD.0030.18%
Kroger Co Common Stock USD1.00.17%
Abbott Laboratories Common Stock0.16%
Elevance Health Inc Common Stock USD.010.12%
Ferguson Enterprises Inc Common Stock0.12%
Cvs Health Corp Common Stock USD.010.12%
Aon PLC Class A Common Stock0.12%
Colgate Palmolive Co Common Stock USD1.00.11%
Republic Services Inc Common Stock USD.010.11%
Us Foods Holding Corp Common Stock USD.010.10%
Becton Dickinson and Co Common Stock USD1.00.10%
Synchrony Financial Common Stock USD.0010.10%
American International Group Common Stock USD2.50.10%
Ati Inc Common Stock USD.10.10%
Carnival Corp Ltd Common Stock USD.010.09%
Tenet Healthcare Corp Common Stock USD.050.09%
Sharkninja Inc Common Stock USD.00010.09%
Technipfmc PLC Common Stock USD1.00.09%
Hf Sinclair Corp Common Stock0.09%
Huntington Bancshares Inc Common Stock USD.010.09%
Crh PLC Common Stock EUR.320.09%
Roivant Sciences Ltd Common Stock USD.00000010.09%
Expand Energy Corp Common Stock USD.010.08%
Okta Inc Common Stock USD.00010.08%
Apa Corp Common Stock USD.6250.08%
Permian Resources Corp Class A Common Stock USD.00010.08%
Willis Towers Watson PLC Common Stock USD.0003046350.08%
Hubbell Inc Common Stock USD.010.08%
Revolution Medicines Inc Common Stock0.08%
United Therapeutics Corp Common Stock USD.010.08%
Veralto Corp Common Stock USD.010.08%
Ovintiv Inc Common Stock0.08%
Lpl Financial Holdings Inc Common Stock0.08%
Loews Corp Common Stock USD.010.07%
Idexx Laboratories Inc Common Stock USD.10.07%
Constellation Brands Inc A Common Stock USD.010.07%
L3HARRIS Technologies Inc Common Stock USD1.00.07%
Cbre Group Inc A Common Stock USD.010.07%
Pinnacle Financial Partners Common Stock USD1.00.07%
Sofi Technologies Inc Common Stock USD.00010.07%
Crown Holdings Inc Common Stock USD5.00.07%
Wr Berkley Corp Common Stock USD.20.07%
Raymond James Financial Inc Common Stock USD.010.07%
Xpo Inc Common Stock USD.0010.07%
Reliance Inc Common Stock USD.0010.07%
Clean Harbors Inc Common Stock USD.010.07%
Exelixis Inc Common Stock USD.0010.07%
Nrg Energy Inc Common Stock USD.010.07%
Allegion PLC Common Stock USD.010.07%

Weight gaps

The 100 widest of 355 Holdings in both funds.

Holding weights in AAUS and DFAC, widest gap first
Holding	More in AAUSMore in DFAC	AAUS	DFAC
NVIDIA CorpNVDA	AAUS +1.87 points	7.29%	5.42%
Tesla IncTSLA	AAUS +1.45 points	1.70%	0.25%
Apple IncAAPL	AAUS +1.37 points	7.15%	5.78%
Advanced Micro Devices IncAMD	AAUS +1.08 points	1.29%	0.21%
Alphabet IncGOOGL	AAUS +1.05 points	2.40%	1.35%
Broadcom IncAVGO	AAUS +1.05 points	2.24%	1.19%
Amazon.com IncAMZN	AAUS +0.97 points	3.41%	2.44%
Alphabet IncGOOG	AAUS +0.83 points	1.74%	0.91%
Microsoft CorpMSFT	AAUS +0.57 points	5.36%	4.79%
Berkshire Hathaway IncBRK.B	AAUS +0.56 points	1.35%	0.79%
Palantir Technologies IncPLTR	AAUS +0.49 points	0.62%	0.13%
Eli Lilly & CoLLY	AAUS +0.42 points	1.67%	1.25%
Micron Technology IncMU	AAUS +0.40 points	1.53%	1.14%
Palo Alto Networks IncPANW	AAUS +0.39 points	0.44%	0.05%
Philip Morris International IncPM	AAUS +0.36 points	0.50%	0.14%
Crowdstrike Holdings IncCRWD	AAUS +0.34 points	0.37%	0.03%
AbbVie IncABBV	AAUS +0.30 points	0.76%	0.46%
Walmart IncWMT	AAUS +0.29 points	0.81%	0.52%
Applied Materials IncAMAT	AAUS +0.27 points	0.49%	0.22%
Intel CorpINTC	AAUS +0.27 points	0.52%	0.25%
Lam Research CorpLRCX	AAUS +0.26 points	0.48%	0.22%
Visa IncV	AAUS +0.24 points	1.03%	0.79%
ExxonMobil Holdings CorpXOM	AAUS +0.24 points	1.17%	0.93%
GE Vernova IncGEV	AAUS +0.23 points	0.37%	0.14%
Arista Networks IncANET	AAUS +0.23 points	0.29%	0.06%
Coca-Cola Co/TheKO	AAUS +0.22 points	0.67%	0.45%
Thermo Fisher Scientific IncTMO	AAUS +0.21 points	0.38%	0.17%
Western Digital CorpWDC	DFAC +0.22 points	0.20%	0.42%
Costco Wholesale CorpCOST	AAUS +0.21 points	0.54%	0.33%
UnitedHealth Group IncUNH	AAUS +0.19 points	0.49%	0.30%
Johnson & JohnsonJNJ	AAUS +0.18 points	1.07%	0.89%
Analog Devices IncADI	AAUS +0.18 points	0.33%	0.15%
Merck & Co IncMRK	AAUS +0.18 points	0.61%	0.43%
JPMorgan Chase & Co.JPM	AAUS +0.17 points	1.30%	1.13%
Starbucks CorpSBUX	AAUS +0.17 points	0.22%	0.05%
Netflix IncNFLX	AAUS +0.16 points	0.32%	0.16%
Bank of America CorpBAC	AAUS +0.16 points	0.50%	0.34%
United Rentals IncURI	DFAC +0.15 points	0.07%	0.22%
NextEra Energy IncNEE	AAUS +0.14 points	0.21%	0.07%
Royal Caribbean Cruises LtdRCL	DFAC +0.14 points	0.07%	0.21%
Citigroup IncC	AAUS +0.14 points	0.37%	0.23%
RTX CorpRTX	AAUS +0.14 points	0.43%	0.29%
Meta Platforms IncMETA	AAUS +0.13 points	2.02%	1.89%
Altria Group IncMO	AAUS +0.13 points	0.19%	0.06%
PNC Financial Services Group Inc/ThePNC	AAUS +0.13 points	0.22%	0.09%
Morgan StanleyMS	AAUS +0.12 points	0.38%	0.26%
Consolidated Edison IncED	AAUS +0.13 points	0.17%	0.04%
Ge AerospaceGE	AAUS +0.11 points	0.42%	0.31%
American Express CoAXP	DFAC +0.12 points	0.14%	0.26%
Marriott International Inc/MDMAR	AAUS +0.11 points	0.18%	0.07%
Quanta Services IncPWR	AAUS +0.12 points	0.15%	0.03%
Cisco Systems IncCSCO	AAUS +0.11 points	0.66%	0.55%
Amphenol CorpAPH	AAUS +0.11 points	0.27%	0.16%
State Street CorpSTT	AAUS +0.11 points	0.20%	0.09%
Salesforce IncCRM	AAUS +0.11 points	0.24%	0.13%
Accenture PLCACN	AAUS +0.11 points	0.17%	0.07%
PepsiCo IncPEP	DFAC +0.11 points	0.15%	0.26%
Vistra CorpVST	DFAC +0.11 points	0.02%	0.13%
US BancorpUSB	AAUS +0.11 points	0.22%	0.11%
ServiceNow IncNOW	AAUS +0.11 points	0.12%	0.01%
QUALCOMM IncQCOM	DFAC +0.11 points	0.22%	0.33%
Vertex Pharmaceuticals IncVRTX	AAUS +0.11 points	0.21%	0.10%
McKesson CorpMCK	AAUS +0.11 points	0.15%	0.04%
Chubb LtdCB	AAUS +0.11 points	0.24%	0.13%
Airbnb IncABNB	AAUS +0.10 points	0.14%	0.04%
Texas Instruments IncTXN	AAUS +0.10 points	0.45%	0.35%
Sherwin-Williams Co/TheSHW	DFAC +0.10 points	0.04%	0.14%
Hartford Insurance Group Inc/TheHIG	DFAC +0.09 points	0.03%	0.12%
Cigna Group/TheCI	DFAC +0.09 points	0.06%	0.15%
Marvell Technology IncMRVL	AAUS +0.09 points	0.26%	0.17%
Hilton Worldwide Holdings IncHLT	AAUS +0.09 points	0.17%	0.08%
Ecolab IncECL	DFAC +0.09 points	0.04%	0.13%
Dominion Energy IncD	AAUS +0.09 points	0.14%	0.05%
United Airlines Holdings IncUAL	DFAC +0.09 points	0.02%	0.11%
Kinder Morgan IncKMI	DFAC +0.09 points	0.01%	0.10%
Devon Energy CorpDVN	DFAC +0.09 points	0.11%	0.20%
Intuitive Surgical IncISRG	AAUS +0.09 points	0.14%	0.05%
TE Connectivity PLCTEL	DFAC +0.09 points	0.02%	0.11%
Bank of New York Mellon Corp/TheBNY	AAUS +0.09 points	0.27%	0.18%
Dell Technologies IncDELL	AAUS +0.08 points	0.20%	0.12%
Kla CorpKLAC	AAUS +0.08 points	0.33%	0.25%
ConocoPhillipsCOP	DFAC +0.08 points	0.29%	0.37%
Delta Air Lines IncDAL	DFAC +0.08 points	0.09%	0.17%
Eaton Corp PLCETN	AAUS +0.09 points	0.18%	0.09%
Tapestry IncTPR	DFAC +0.08 points	0.03%	0.11%
Northrop Grumman CorpNOC	DFAC +0.08 points	0.02%	0.10%
Verizon Communications IncVZ	AAUS +0.08 points	0.32%	0.24%
Pfizer IncPFE	AAUS +0.08 points	0.25%	0.17%
Hewlett Packard Enterprise CoHPE	DFAC +0.08 points	0.13%	0.21%
Boeing Co/TheBA	AAUS +0.08 points	0.13%	0.05%
American Electric Power Co IncAEP	AAUS +0.08 points	0.16%	0.08%
Capital One Financial CorpCOF	DFAC +0.08 points	0.09%	0.17%
Goldman Sachs Group Inc/TheGS	AAUS +0.07 points	0.42%	0.35%
Bristol-Myers Squibb CoBMY	AAUS +0.08 points	0.25%	0.17%
Datadog IncDDOG	AAUS +0.07 points	0.11%	0.04%
Regeneron Pharmaceuticals IncREGN	AAUS +0.07 points	0.16%	0.09%
Marsh & McLennan Cos IncMRSH	DFAC +0.07 points	0.04%	0.11%
Nasdaq IncNDAQ	DFAC +0.07 points	0.02%	0.09%
Cardinal Health IncCAH	AAUS +0.07 points	0.15%	0.08%
PayPal Holdings IncPYPL	DFAC +0.07 points	0.02%	0.09%

All AAUS holdings⁠All 2,598 DFAC 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.

AAUS vs DFAC Cost

Overpaying DFAC vs AAUS

$1,648

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

AAUS 0.09%
$1,898
DFAC 0.17%
$3,546

Amount$10,000

Years30 years

Cost over time

AAUS 0.09%
DFAC 0.17%
Overpaying

Year by year

Year	AAUS	DFAC	Overpaying
10	$165	$310	$145
20	$646	$1,211	$565
30	$1,898	$3,546	$1,648

Expense ratio

0.09%AAUS, cheaper
0.17%DFAC

AAUS0.09%DFAC0.17%

0.00%2.89%

Middle half of US Active Equity funds
Median 0.68%

AAUS 2nd cheapest of 121 funds

DFAC 8th cheapest of 121 funds

AAUS vs DFAC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AAUS No data; DFAC 0.88%
Payout (12M): AAUS No data; DFAC $0.39
Last payment: AAUS $0.20; DFAC $0.10
Ex-dividend: AAUS Dec 23, 2025; DFAC Sep 22, 2026
Paid on: AAUS Dec 24, 2025; DFAC Sep 24, 2026
Frequency: AAUS Irregular; DFAC Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

AAUSIrregular · 1 paymentAll AAUS payments⁠

DFACQuarterly · 22 paymentsAll DFAC payments⁠

AAUS vs DFAC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AAUS 12.0%since Aug 2025DFAC 12.6%
Return per unit of riskSharpe ratio, 3 years: AAUS 1.02since Aug 2025DFAC 1.32
Worst fallMax drawdown, 5 years: AAUS −9.1%since Jul 2025DFAC −23.1%
Market sensitivityBeta, 5 years: AAUS 0.98DFAC 0.99; Market = 1

AAUS and DFAC in the news

All news⁠

Head-to-Head
ITOT is the better U.S. stock fund than DFAC
Oct 26, 2026DFAC
New ETFs
Avantis lists an international stock ETF with Vanguard on top
Oct 5, 2026AAUS
ETF Filings
Leverage Shares files 2x shorts on ByteDance and Canva
Sep 6, 2026AAUS

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AAUS vs DFAC

In short

Stated mandate

Why people hold it