AAVM vs DFAW: Grades, Fees and Holdings Compared

Alpha Architect Global Factor Equity ETF

AAVMBNasdaq

Dimensional World Equity ETF

DFAWANYSE Arca

Overlap

0.0%by weight

Expense ratio

DFAW −0.15pt a year

AAVM0.38%DFAW0.23%

Avg volume · 30D

DFAW 67.5×the volume

AAVM1.46KDFAW98.6K

3Y return · a year

DFAW +2.0pt

AAVM+18.7%DFAW+20.7%

AAVM vs DFAW Performance

Oct 31, 2025 – Nov 2, 2026

+18.9%AAVM+15.6%DFAW

Expense ratio: AAVM 0.38%; DFAW 0.23%, better
Fund size: AAVM $27M; DFAW $1.71B
1Y total return: AAVM +18.9%, better; DFAW +15.6%
Yield (12M): AAVM 1.80%, better; DFAW 1.30%
Holdings: AAVM 5; DFAW 6
Avg volume (30D): AAVM 1.46K sh; DFAW 98.6K sh, better
NAV per share: AAVM $33.68; DFAW $82.88
52W range

ETF.net Grade

Pillar letters and Scores for AAVM, DFAW, with each pillar’s weight
Pillar	AAVM	DFAW
Cost30% weight	A84	A95Higher
Mission25% weight	Not scored	A100
Risk15% weight	C47	A75Higher
Tradability15% weight	C42	A83Higher
Holdings10% weight	D27	D32Higher
Durability5% weight	B64	A79Higher

Rank among Global Active Equity funds

How we build Categories ›

Same Category. AAVM and DFAW are both graded against the same 44 Global Active Equity funds, so their Grades compare head to head.

Global Active Equity⁠

Category · 44 funds

See all 44 ›

DFAW ranks 1st and AAVM 15th of 44 funds in the Global Active Equity Category.

Rank 1AAVGEAvantis All Equity Markets ETFScore 79
Rank 1AAVTMAvantis Total Equity Markets ETF 1Score 79
Rank 1ABDVLiShares Disciplined Volatility Equity Active ETFScore 79
Rank 1ADFAWDimensional World Equity ETFScore 79
Rank 5ABFLXiShares Flexible Equity Active ETFScore 74
Rank 14BRGEFRockefeller Global Equity ETFScore 60
Rank 15BAAVMAlpha Architect Global Factor Equity ETFScore 59
Rank 15BAVOSAvos Global Equities ETFScore 59

Our read on each fund

ETF.net Research

AAVMBAlpha Architect Global Factor Equity ETF

DFAWADimensional World Equity ETF

In short

AAVM Four Alpha Architect quant sleeves in one ticker: the cheapest stocks and the strongest-momentum stocks, US and developed international. Active global factor exposure at 0.38% a year.

DFAW No data

Stated mandate

AAVM The Fund seeks long-term capital appreciation.

DFAW No data

Why people hold it

AAVM Charges 0.38% a year, below the typical fee among actively managed global equity funds in its peer group.
A fund-of-funds wrapper: US value, US momentum, international value and international momentum, bought in one trade instead of four.alphaarchitect.com sec.gov
Targets the cheap end and the momentum leaders of developed markets rather than a watered-down tilt, and rebalances often to keep that exposure on.alphaarchitect.com
Trading since 2017, so the strategy has a live record, and it sits in the upper half of its active global equity cohort.

DFAW No data

Worth knowing

AAVM Small fund, thin volume. Spreads can be wide, so patient limit orders matter more here than with a mega-cap index fund.
Concentrated by design: the sleeves hold a short list of names, so returns can diverge sharply from a global index in either direction.sec.gov
Cash comes once or twice a year, not monthly. The mandate is long-term capital appreciation, not an income stream.

DFAW No data

Full AAVM profile⁠

Full DFAW profile⁠

AAVM vs DFAW Holdings

How AAVM and DFAW differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AAVM and 0.0% of DFAW.

Level by level

Holdings0 in both0.0%
Countryby domicile66.7%
Sector11 Sectors70.4%
Asset classEquity100%

Sector

Sector weights in AAVM and DFAW, widest gap first
Sector	More in AAVMMore in DFAW	AAVM	DFAW
Technology	DFAW +13.4 points	13.8%	27.2%
Financials	DFAW +11.1 points	4.7%	15.8%
Energy	AAVM +10.3 points	16.0%	5.7%
Materials	AAVM +6.5 points	11.3%	4.8%
Consumer Discretionary	AAVM +6.0 points	15.4%	9.4%
Health Care	AAVM +4.4 points	13.4%	9.0%
Communication	DFAW +3.9 points	2.5%	6.4%
Real Estate	DFAW +1.2 points	1.0%	2.2%
Industrials	AAVM +0.9 points	13.6%	12.7%
Utilities	AAVM +0.8 points	2.8%	2.0%
Consumer Staples	AAVM +0.5 points	5.3%	4.8%

Country, concentration and asset class

Country by domicile

Country weights in AAVM and DFAW, widest gap first
Country	More in AAVMMore in DFAW	AAVM	DFAW
United States	DFAW +20.6 points	52.4%	73.0%
Japan	AAVM +10.9 points	15.4%	4.5%
Australia	AAVM +5.9 points	7.1%	1.2%
Israel	AAVM +4.6 points	4.9%	0.3%
Norway	AAVM +3.1 points	3.3%	0.2%
Germany	AAVM +2.9 points	4.2%	1.3%
Taiwan	DFAW +2.5 points	0.0%	2.5%
Canada	DFAW +2.1 points	0.0%	2.1%
Other countries (31)	DFAW +2.2 points	12.8%	15.0%

Outside the US: AAVM 89% developed, 11% emerging. DFAW 69% developed, 31% emerging.

Concentration

Weight in the 10 largest Holdings

AAVM100.0%
DFAW100.0%

Securities held

AAVM5
DFAW5

Asset class

AAVM: Equity
DFAW: Equity

Holdings

Only in AAVM5
In both0
Only in DFAW5

Only in AAVM

5 securities, 100% of AAVM by weight

Alpha Architect US Quantitative Value ETF32.29%
Alpha Architect International Quantitative Value ETF27.62%
Alpha Architect International Quantitative Momentum ETF20.52%
Alpha Architect US Quantitative Momentum ETF19.10%
First American Government Obligations Fund 12/01/20310.49%

Only in DFAW

5 securities, 99.9% of DFAW by weight

Dfa Invt Dimensions53.95%
Dfa Intl Core Eqty 2 Etf18.26%
Dfa Us Core Equity 1 Etf17.92%
Dfa Em Core Equity 2 Etf8.19%
Dfa Gbl Real Estate Etf1.63%

Weight gaps

AAVM and DFAW share no securities.

All 6 AAVM holdings⁠All 6 DFAW 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.

AAVM vs DFAW Cost

Overpaying AAVM vs DFAW

$2,947

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

AAVM 0.38%
$7,706
DFAW 0.23%
$4,759

Amount$10,000

Years30 years

Cost over time

AAVM 0.38%
DFAW 0.23%
Overpaying

Year by year

Year	AAVM	DFAW	Overpaying
10	$688	$419	$269
20	$2,658	$1,630	$1,028
30	$7,706	$4,759	$2,947

Expense ratio

0.38%AAVM
0.23%DFAW, cheaper

DFAW0.23%AAVM0.38%

0.22%1.19%

Middle half of Global Active Equity funds
Median 0.69%

DFAW 2nd cheapest of 44 funds

AAVM 8th cheapest of 44 funds

AAVM vs DFAW Dividends

Last 12 months to Nov 2, 2026

Yield (12M): AAVM 1.80%, better; DFAW 1.30%
Payout (12M): AAVM $0.61; DFAW $1.08
Last payment: AAVM $0.61; DFAW $0.26
Ex-dividend: AAVM Dec 30, 2025; DFAW Sep 22, 2026
Paid on: AAVM Dec 31, 2025; DFAW Sep 24, 2026
Frequency: AAVM Annual; DFAW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

AAVMAnnual · 14 paymentsAll AAVM payments⁠

DFAWQuarterly · 12 paymentsAll DFAW payments⁠

AAVM vs DFAW Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AAVM 13.7%DFAW 11.8%, better
Return per unit of riskSharpe ratio, 3 years: AAVM 1.08DFAW 1.37, better
Worst fallMax drawdown, 5 years: AAVM −23.7%DFAW −16.9%since Sep 2023
Market sensitivityBeta, 5 years: AAVM 0.83DFAW 0.91; Market = 1

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