AGQI vs DFAW: Grades, Fees and Holdings Compared

First Trust Active Global Quality Income ETF

AGQIDNYSE Arca

Dimensional World Equity ETF

DFAWANYSE Arca

Overlap

0.0%by weight

Expense ratio

DFAW −0.62pt a year

AGQI0.85%DFAW0.23%

Avg volume · 30D

DFAW 27.9×the volume

AGQI3.53KDFAW98.6K

AGQI vs DFAW Performance

Oct 31, 2025 – Oct 30, 2026

+13.0%AGQI+15.7%DFAW

Expense ratio: AGQI 0.85%; DFAW 0.23%, better
Fund size: AGQI $51M; DFAW $1.71B
1Y total return: AGQI +13.0%; DFAW +15.7%, better
Yield (12M): AGQI 1.71%, better; DFAW 1.30%
Holdings: AGQI 35; DFAW 6
Avg volume (30D): AGQI 3.53K sh; DFAW 98.6K sh, better
NAV per share: AGQI $18.08; DFAW $82.88
52W range

ETF.net Grade

Pillar letters and Scores for AGQI, DFAW, with each pillar’s weight
Pillar	AGQI	DFAW
Cost30% weight	F22	A95Higher
Mission25% weight	A79	A100Higher
Risk15% weight	B67	A74Higher
Tradability15% weight	F14	A83Higher
Holdings10% weight	C43Higher	D32
Durability5% weight	B64	A79Higher

Rank among Global Active Equity funds

How we build Categories ›

Same Category. AGQI 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 AGQI 34th of 44 funds in the Global Active Equity Category.

Rank 1AAVTMAvantis Total Equity Markets ETF 1Score 79
Rank 1ABDVLiShares Disciplined Volatility Equity Active ETFScore 79
Rank 1ADFAWDimensional World Equity ETFScore 79
Rank 4AAVGEAvantis All Equity Markets ETFScore 78
Rank 32DSROICalamos Antetokounmpo Global Sustainable Equities ETFScore 36
Rank 34DAGQIFirst Trust Active Global Quality Income ETFScore 35
Rank 34DWSGEWarren Street Global Equity ETFScore 35

Our read on each fund

ETF.net Research

AGQIDFirst Trust Active Global Quality Income ETF

DFAWADimensional World Equity ETF

In short

AGQI A 2015 European income closed-end fund that shed its old wrapper in 2023 and came back as a global active ETF. Janus Henderson picks roughly 40 dividend payers worldwide, screened on returns, leverage and payout discipline rather than headline yield.

DFAW No data

Stated mandate

AGQI The Fund seeks income together with long-term capital-growth potential, investing primarily in income-producing equity securities.

DFAW No data

Why people hold it

AGQI Born in 2015 as a European income closed-end fund, converted to an ETF in 2023. Shares now create and redeem at NAV, so the old discount-to-NAV gap goes away.sec.gov sec.gov 2
Janus Henderson's income team runs the book: dividend payers screened on return on equity and invested capital, financial leverage and payout ratio, not just fat yields.sec.gov
Roughly 40 holdings, deliberately tilted toward companies economically tied to countries outside the US. Distributions come quarterly.ftportfolios.com

DFAW No data

Worth knowing

AGQI The 0.85% fee is real active-manager money in a group where broad rivals like GSWO (0.15%) and DFAW (0.24%) cover global equity for a sliver of that.sec.gov
Thinly traded for its size. Spreads can widen, so limit orders do work that market orders will not.
Concentrated and global by design: up to 20% of net assets can sit in emerging markets, and currency swings land in your return either way.sec.gov

DFAW No data

Full AGQI profile⁠

Full DFAW profile⁠

AGQI vs DFAW Holdings

How AGQI and DFAW differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Countryby domicile59.4%
Sector11 Sectors88.8%
Asset classEquity100%

Sector

Sector weights in AGQI and DFAW, widest gap first
Sector	More in AGQIMore in DFAW	AGQI	DFAW
Industrials	DFAW +5.9 points	6.8%	12.7%
Consumer Staples	AGQI +3.5 points	8.3%	4.8%
Health Care	AGQI +3.1 points	12.1%	9.0%
Real Estate	DFAW +2.2 points	0.0%	2.2%
Consumer Discretionary	AGQI +2.1 points	11.5%	9.4%
Utilities	DFAW +2.0 points	0.0%	2.0%
Energy	AGQI +1.4 points	7.1%	5.7%
Technology	DFAW +1.1 points	26.1%	27.2%
Financials	AGQI +0.6 points	16.4%	15.8%
Materials	AGQI +0.3 points	5.1%	4.8%
Communication	AGQI +0.2 points	6.6%	6.4%

Country, concentration and asset class

Country by domicile

Country weights in AGQI and DFAW, widest gap first
Country	More in AGQIMore in DFAW	AGQI	DFAW
United States	DFAW +29.2 points	43.8%	73.0%
United Kingdom	AGQI +12.2 points	14.5%	2.3%
Japan	AGQI +6.1 points	10.6%	4.5%
Taiwan	AGQI +5.0 points	7.5%	2.5%
South Korea	AGQI +4.3 points	5.8%	1.5%
Denmark	AGQI +3.9 points	4.2%	0.3%
Hong Kong	AGQI +2.4 points	2.7%	0.3%
Canada	DFAW +2.1 points	0.0%	2.1%
Other countries (31)	DFAW +2.8 points	10.7%	13.5%

Outside the US: AGQI 73% developed, 27% emerging. DFAW 69% developed, 31% emerging.

Concentration

Weight in the 10 largest Holdings

AGQI49.0%
DFAW100.0%

Securities held

AGQI29
DFAW5

Asset class

AGQI: Equity
DFAW: Equity

Holdings

Only in AGQI29
In both0
Only in DFAW5

Only in AGQI

29 securities, 99.2% of AGQI by weight

EOG Resources, Inc.6.37%
Microsoft Corporation6.02%
BAE Systems Plc5.58%
Samsung Electronics Co., Ltd. (Preference Shares)5.35%
Taiwan Semiconductor Manufacturing Company Ltd.4.88%
Carlsberg A/S (Class B)4.37%
Bank of America Corporation4.27%
The Coca-Cola Company4.13%
AbbVie Inc.4.10%
Johnson & Johnson3.91%
Compagnie Financiere Richemont S.A.3.58%
The PNC Financial Services Group, Inc.3.57%
British American Tobacco p.l.c.3.30%
Alphabet Inc. (Class C)3.20%
AstraZeneca Plc3.00%
Sony Group Corp.2.93%
AIA Group Limited2.89%
Komatsu Ltd.2.86%
Rio Tinto Plc2.81%
Schneider Electric SE2.73%
Tokyo Electron Limited2.55%
Quanta Computer Inc.2.38%
The Home Depot, Inc.2.31%
Daimler Truck Holding AG2.23%
Darden Restaurants, Inc.2.16%
KDDI Corporation2.14%
Capital One Financial Corporation2.05%
Piraeus Bank S.A.2.04%
Freeport-McMoRan Inc.1.47%

Only in DFAW

5 securities, 99.9% of DFAW by weight

Dfa Invt Dimensions53.92%
Dfa Intl Core Eqty 2 Etf18.21%
Dfa Us Core Equity 1 Etf17.92%
Dfa Em Core Equity 2 Etf8.29%
Dfa Gbl Real Estate Etf1.60%

Weight gaps

AGQI and DFAW share no securities.

All 29 AGQI 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.

AGQI vs DFAW Cost

Overpaying AGQI vs DFAW

$11,440

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

AGQI 0.85%
$16,199
DFAW 0.23%
$4,759

Amount$10,000

Years30 years

Cost over time

AGQI 0.85%
DFAW 0.23%
Overpaying

Year by year

Year	AGQI	DFAW	Overpaying
10	$1,508	$419	$1,089
20	$5,706	$1,630	$4,076
30	$16,199	$4,759	$11,440

Expense ratio

0.85%AGQI
0.23%DFAW, cheaper

DFAW0.23%AGQI0.85%

0.22%1.19%

Middle half of Global Active Equity funds
Median 0.69%

DFAW 2nd cheapest of 44 funds

AGQI 34th cheapest of 44 funds

AGQI vs DFAW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AGQI 1.71%, better; DFAW 1.30%
Payout (12M): AGQI $0.31; DFAW $1.08
Last payment: AGQI $0.05; DFAW $0.26
Ex-dividend: AGQI Sep 24, 2026; DFAW Sep 22, 2026
Paid on: AGQI Sep 30, 2026; DFAW Sep 24, 2026
Frequency: AGQI Quarterly; DFAW Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

AGQIQuarterly · 11 paymentsAll AGQI payments⁠

DFAWQuarterly · 12 paymentsAll DFAW payments⁠

AGQI vs DFAW Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AGQI 9.6%since Dec 2023DFAW 11.8%
Return per unit of riskSharpe ratio, 3 years: AGQI 1.04since Dec 2023DFAW 1.37
Worst fallMax drawdown, 5 years: AGQI −14.1%since Nov 2023DFAW −16.9%since Sep 2023
Market sensitivityBeta, 5 years: AGQI 0.70DFAW 0.91; Market = 1

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