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AFOS vs DFAC

ARS Focused Opportunity Strategy ETF

AFOSBNasdaq

Dimensional US Core Equity 2 ETF

DFACANYSE Arca

Overlap

19.4%by weight

Expense ratio

DFAC −0.29pt a year

AFOS0.46%DFAC0.17%

Avg volume · 30D

DFAC 132.1×the volume

AFOS15.2KDFAC2M

AFOS vs DFAC Performance

Oct 31, 2025 – Oct 30, 2026

+31.2%AFOS+16.1%DFAC

Oct 31, 2025 to Oct 30, 2026. AFOS +31.2%. DFAC +16.1%. Use the arrow keys to read each point.0%10%40%Oct 2025Apr 2026Oct 2026
Expense ratio
AFOS 0.46%
DFAC 0.17%, better
Fund size
AFOS $290M
DFAC $87.7B
1Y total return
AFOS +31.2%, better
DFAC +16.1%
Yield (12M)
AFOS No data
DFAC 0.88%
Holdings
AFOS 33
DFAC 2553
Avg volume (30D)
AFOS 15.2K sh
DFAC 2M sh, better
NAV per share
AFOS $42.94
DFAC $44.87
52W range

ETF.net Grade

AFOS: Cost 71, Risk 44, Mission not scored, Tradability 49, Holdings 51, Durability 58. DFAC: Cost 94, Risk 66, Mission 100, Tradability 87, Holdings 87, Durability 97.
Pillar letters and Scores for AFOS, DFAC, with each pillar’s weight
PillarAFOSDFAC
Cost30% weightA71A94Higher
Mission25% weightNot scoredA100
Risk15% weightC44B66Higher
Tradability15% weightC49A87Higher
Holdings10% weightC51A87Higher
Durability5% weightB58A97Higher

Rank among US Active Equity funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AFOS 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 AFOS 51st of 121 funds in the US Active Equity Category.

  1. Rank 1AAVLCAvantis U.S. Large Cap Equity ETFScore 87
  2. Rank 2ADFAUDimensional US Core Equity Market ETFScore 86
  3. Rank 3ADFACDimensional US Core Equity 2 ETFScore 85
  4. Rank 4ADYNFiShares U.S. Equity Factor Rotation Active ETFScore 83
  5. Rank 48BPFDEPathfinder Disciplined US Equity ETFScore 58
  6. Rank 51BAFOSARS Focused Opportunity Strategy ETFScore 57
  7. Rank 52BACVFAmerican Conservative Values ETFScore 56

Our read on each fund

ETF.net Research

AFOSBARS Focused Opportunity Strategy ETF

DFACADimensional US Core Equity 2 ETF

In short

AFOS Active stock picking with no benchmark leash: ARS runs a focused, all-cap book of US companies it judges well-positioned and undervalued, and charges 0.46%, below the typical active US equity fund.

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

AFOS The fund seeks long-term capital growth through an actively managed portfolio that identifies well-positioned and undervalued companies across small-, mid-, and large-capitalization ranges.

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

Why people hold it

  • AFOS Fee is 0.46%, with no waiver propping it up, and sits below the median for active US equity funds.
  • Openly benchmark-free. The prospectus states the fund is not managed against any index or benchmark, so the portfolio can look nothing like the large-cap market.sec.gov
  • Hunting ground is the whole US market cap ladder, small through large, not just mega-caps.
  • Launched in 2025 and already holds assets in the hundreds of millions, landing in the upper half of a field of more than 100 active US equity funds.
  • 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

  • AFOS Thinly traded. Spreads can be wider and order size matters more than in heavily traded index funds.
  • History starts June 2025, so there is only about a year of risk data behind it.
  • Systematic rivals cost far less: DFAU at 0.12%, AVLC at 0.15%. You pay up here for a human making concentrated calls.
  • 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 AFOS profile⁠

Full DFAC profile⁠

AFOS vs DFAC Holdings

How AFOS and DFAC differ

Overlap by weight

19.4%

Shared holdings make up 88.3% of AFOS and 24.7% of DFAC.

Level by level

  • Holdings28 in both19.4%
  • Countryby domicile97.9%
  • Asset classEquity100%

Sector

No Sector split for AFOS.

Country, concentration and asset class

Country by domicile

Country weights in AFOS and DFAC, widest gap first
CountryMore in AFOSMore in DFAC
CanadaAFOS +2.2 points
United StatesDFAC +1.0 points
Other countries (12)DFAC +1.0 points

Concentration

Weight in the 10 largest Holdings

  • AFOS42.2%
  • DFAC26.4%

Securities held

  • AFOS32
  • DFAC2,550

Asset class

AFOS
Equity
DFAC
Equity

Holdings

  • Only in AFOS4
  • In both28
  • Only in DFAC2,522

Only in AFOS

4 securities, 11.7% of AFOS by weight

  • United States Treasury Bill 01/28/20275.96%
  • Ascendis Pharma A/S3.50%
  • Cameco Corp1.90%

Only in DFAC

2,522 securities, 74.9% of DFAC by weight

  • Meta Platforms Inc Class A Common Stock USD.0000061.89%
  • Broadcom Inc Common Stock1.19%
  • JPMorgan Chase & Co Common Stock USD1.01.13%

Weight gaps

All 28 Holdings in both funds, largest gap first.

Holding weights in AFOS and DFAC, widest gap first
HoldingMore in AFOSMore in DFAC
Marathon Petroleum CorpMPCAFOS +4.53 points
Newmont CorpNEMAFOS +3.90 points
EOG Resources IncEOGAFOS +3.72 points
Freeport-McMoRan IncFCXAFOS +3.51 points
Regeneron Pharmaceuticals IncREGNAFOS +3.43 points
Lam Research CorpLRCXAFOS +3.40 points
Ralliant CorpRALAFOS +3.28 points
Apple IncAAPLDFAC +3.25 points

All AFOS 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.

AFOS vs DFAC Cost

Overpaying AFOS vs DFAC

$5,684

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

  • AFOS 0.46%

    $9,230

  • DFAC 0.17%

    $3,546

$10,000
30 years

Cost over time

  • AFOS 0.46%
  • DFAC 0.17%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530AFOS $9,230DFAC $3,546

Year by year

YearAFOSDFACOverpaying
10$830$310$520
20$3,195$1,211$1,984
30$9,230$3,546$5,684

Expense ratio

  • 0.46%AFOS
  • 0.17%DFAC, cheaper
  • Middle half of US Active Equity funds
  • Median 0.68%

DFAC 8th cheapest of 121 funds

AFOS 37th cheapest of 121 funds

AFOS vs DFAC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AFOS No data
DFAC 0.88%
Payout (12M)
AFOS No data
DFAC $0.39
Last payment
AFOS $0.10
DFAC $0.10
Ex-dividend
AFOS Dec 23, 2025
DFAC Sep 22, 2026
Paid on
AFOS Dec 24, 2025
DFAC Sep 24, 2026
Frequency
AFOS Irregular
DFAC Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

AFOSIrregular · 1 paymentAll AFOS payments⁠
One bar per payment. 1 payment from 2021 to 2026 YTD. Dec 23, 2025 $0.10. Use the arrow keys to read each point.$0$0.1020232026YTD
DFACQuarterly · 22 paymentsAll DFAC payments⁠
One bar per payment. 22 payments from 2021 to 2026 YTD. Jun 22, 2021 $0.06; Sep 21, 2021 $0.08; Dec 16, 2021 $0.11; Mar 22, 2022 $0.06; Jun 22, 2022 $0.09; Sep 20, 2022 $0.09; Dec 20, 2022 $0.12; Mar 21, 2023 $0.06; Jun 21, 2023 $0.09; Sep 19, 2023 $0.10; Dec 19, 2023 $0.10; Mar 19, 2024 $0.07; Jun 18, 2024 $0.10; Sep 17, 2024 $0.09; Dec 17, 2024 $0.10; Mar 25, 2025 $0.08; Jun 24, 2025 $0.11; Sep 23, 2025 $0.11; Dec 16, 2025 $0.09; Mar 24, 2026 $0.10; Jun 23, 2026 $0.11; Sep 22, 2026 $0.10. Use the arrow keys to read each point.$0$0.1020232026YTD

AFOS vs DFAC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AFOS 20.3%since Jul 2025DFAC 12.6%
Return per unit of riskSharpe ratio, 3 years
AFOS 1.86since Jul 2025DFAC 1.32
Worst fallMax drawdown, 5 years
AFOS −11.8%since Jun 2025DFAC −23.1%
Market sensitivityBeta, 5 years
AFOS 1.36DFAC 0.99

AFOS and DFAC in the news

All news⁠

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