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AQEC vs BWTG

AQE Core ETF

AQECBCboe

Brendan Wood TopGun ETF

BWTGDCboe

Overlap

Expense ratio

AQEC −0.49pt a year

AQEC0.49%BWTG0.98%

Avg volume · 30D

AQEC 36.7×the volume

AQEC24.8KBWTG674

AQEC vs BWTG Performance

Dec 31, 2025 – Oct 30, 2026

+1.2%AQEC+5.9%BWTG

Dec 31, 2025 to Oct 30, 2026. AQEC +1.2%. BWTG +5.9%. Use the arrow keys to read each point.−10%−5%10%Dec 2025Jun 2026Oct 2026
Expense ratio
AQEC 0.49%, better
BWTG 0.98%
Fund size
AQEC $602M
BWTG $21M
1Y total return
AQEC No data
BWTG +7.8%
Yield (12M)
AQEC No data
BWTG 0.33%
Holdings
AQEC 134
BWTG 21
Avg volume (30D)
AQEC 24.8K sh, better
BWTG 674 sh
NAV per share
AQEC $25.92
BWTG $41.85
52W range

ETF.net Grade

AQEC: Cost 75, Risk 40, Mission not scored, Tradability 67, Holdings 85, Durability 57. BWTG: Cost 13, Risk 63, Mission not scored, Tradability 46, Holdings 36, Durability 42.
Pillar letters and Scores for AQEC, BWTG, with each pillar’s weight
PillarAQECBWTG
Cost30% weightA75HigherF13
Mission25% weightNot scoredNot scored
Risk15% weightC40B63Higher
Tradability15% weightB67HigherC46
Holdings10% weightA85HigherD36
Durability5% weightB57HigherC42

Rank among US Active Quality funds

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

Same Category. AQEC and BWTG are both graded against the same 16 US Active Quality funds, so their Grades compare head to head.

US Active Quality⁠

Category · 16 funds
See all 16 ›

AQEC ranks 3rd and BWTG 11th of 16 funds in the US Active Quality Category.

  1. Rank 1ANPFENpf Core Equity EtfScore 79
  2. Rank 2AQLTYGMO US Quality ETFScore 75
  3. Rank 3BAQECAQE Core ETFScore 66
  4. Rank 4BQIDXIndexperts Quality Earnings Focused ETFScore 64
  5. Rank 10DFMCEFM Compounders Equity ETFScore 39
  6. Rank 11DBWTGBrendan Wood TopGun ETFScore 34
  7. Rank 12DJHACJohn Hancock Fundamental All Cap Core ETFScore 33

Our read on each fund

ETF.net Research

AQECBAQE Core ETF

BWTGDBrendan Wood TopGun ETF

In short

AQEC No data

BWTG Roughly two dozen US stocks, screened by the TopGun model out of a 1,400-name 'Shareholder Conviction Universe.' A boutique research shop's high-conviction list wrapped in an ETF, priced at 0.98%.

Stated mandate

AQEC No data

BWTG The Fund seeks growth consistent with preserving capital by investing mainly in publicly listed equities selected through the sub-adviser’s TopGun model. The model emphasizes companies receiving the highest investment-quality ratings.

Why people hold it

AQEC No data

  • BWTG Real concentration. Roughly two dozen names means the model's picks actually drive the fund, rather than getting diluted inside a long tail of filler positions.
  • The process is stated up front: start from a large conviction universe of liquid US companies, then keep the ones earning the highest investment-quality ratings. Quality and momentum, advertised.aaii.com
  • Plain wrapper. A standard 1940 Act ETF holding US-listed shares, so the risk you take on is stock selection, not structural machinery.

Worth knowing

AQEC No data

  • BWTG The 0.98% fee sits well above the 0.57% median for quality-focused active peers, and PSET runs a quality screen for 0.15%, ABFL for 0.49%.
  • Small asset base and thin trading. Spreads tend to be wider than on a mega-cap index fund, and sizeable orders can push the price around.
  • The TopGun model's internals stay proprietary, and the fund launched in 2023, so public evidence of how it behaves across a full market cycle is limited.aaii.com

Full AQEC profile⁠

Full BWTG profile⁠

AQEC vs BWTG 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.

AQEC vs BWTG Cost

Overpaying BWTG vs AQEC

$8,570

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

  • AQEC 0.49%

    $9,792

  • BWTG 0.98%

    $18,362

$10,000
30 years

Cost over time

  • AQEC 0.49%
  • BWTG 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BWTG $18,362AQEC $9,792

Year by year

YearAQECBWTGOverpaying
10$883$1,729$846
20$3,394$6,504$3,110
30$9,792$18,362$8,570

Expense ratio

  • 0.49%AQEC, cheaper
  • 0.98%BWTG
  • Middle half of US Active Quality funds
  • Median 0.65%

AQEC 2nd cheapest of 16 funds

BWTG 14th cheapest of 16 funds

AQEC vs BWTG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AQEC No data
BWTG 0.33%
Payout (12M)
AQEC No data
BWTG $0.14
Last payment
AQEC $0.05
BWTG $0.14
Ex-dividend
AQEC Sep 23, 2026
BWTG Dec 24, 2025
Paid on
AQEC Sep 24, 2026
BWTG Dec 26, 2025
Frequency
AQEC Quarterly
BWTG Annual

Distribution history

Per share, 2023 to 2026, same scale for both

AQECQuarterly · 4 paymentsAll AQEC payments⁠
One bar per payment. 4 payments from 2023 to 2026 YTD. Dec 30, 2025 $0.03; Mar 25, 2026 $0.10; Jun 24, 2026 $0.10; Sep 23, 2026 $0.05. Use the arrow keys to read each point.$0$0.1020232026YTD
BWTGAnnual · 3 paymentsAll BWTG payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 26, 2023 $0.05; Dec 24, 2024 $0.08; Dec 24, 2025 $0.14. Use the arrow keys to read each point.$0$0.1020232026YTD

AQEC vs BWTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AQEC No dataBWTG 11.8%since Dec 2023
Return per unit of riskSharpe ratio, 3 years
AQEC No dataBWTG 1.00since Dec 2023
Worst fallMax drawdown, 5 years
AQEC No dataBWTG −13.2%since Nov 2023
Market sensitivityBeta, 5 years
AQEC 0.51BWTG 0.87

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