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AQEC vs EQTY

AQE Core ETF

AQECBCboe

Kovitz Core Equity ETF

EQTYCNYSE Arca

Overlap

Expense ratio

AQEC −0.50pt a year

AQEC0.49%EQTY0.99%

Avg volume · 30D

EQTY 1.6×the volume

AQEC24.8KEQTY38.5K

AQEC vs EQTY Performance

Dec 31, 2025 – Nov 2, 2026

+1.2%AQEC+10.0%EQTY

Dec 31, 2025 to Nov 2, 2026. AQEC +1.2%. EQTY +10.0%. Use the arrow keys to read each point.−10%−5%5%Dec 2025Jun 2026Nov 2026
Expense ratio
AQEC 0.49%, better
EQTY 0.99%
Fund size
AQEC $602M
EQTY $1.39B
1Y total return
AQEC No data
EQTY +14.3%
Yield (12M)
AQEC No data
EQTY 0.02%
Holdings
AQEC 134
EQTY 38
Avg volume (30D)
AQEC 24.8K sh
EQTY 38.5K sh, better
NAV per share
AQEC $25.92
EQTY $29.58
52W range

ETF.net Grade

AQEC: Cost 75, Risk 40, Mission not scored, Tradability 67, Holdings 85, Durability 57. EQTY: Cost 6, Risk 61, Mission not scored, Tradability 89, Holdings 72, Durability 87.
Pillar letters and Scores for AQEC, EQTY, with each pillar’s weight
PillarAQECEQTY
Cost30% weightA75HigherF6
Mission25% weightNot scoredNot scored
Risk15% weightC40B61Higher
Tradability15% weightB67A89Higher
Holdings10% weightA85HigherA72
Durability5% weightB57A87Higher

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 EQTY 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 EQTY 9th 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 8CBBHLBBH Select Large Cap ETFScore 53
  6. Rank 9CEQTYKovitz Core Equity ETFScore 47
  7. Rank 10DFMCEFM Compounders Equity ETFScore 39

Our read on each fund

ETF.net Research

AQECBAQE Core ETF

EQTYCKovitz Core Equity ETF

In short

AQEC No data

EQTY An active take on quality: Kovitz hunts moats, real profits and free cash flow, and charges 0.99% for the privilege. Launched in December 2022, it reached billion-dollar scale in short order.

Stated mandate

AQEC No data

EQTY The December 31, 2025 supplement states that the Fund's investment objective, policies, and principal investment strategies remain unchanged under the proposed new advisory agreement; it does not restate the substantive objective.

Why people hold it

AQEC No data

  • EQTY Real active management, not an index in disguise: the mandate screens on profitability, quality and value, and can hold names outside the US when the manager wants them.
  • Investors showed up early. It crossed billion-dollar territory within a few years of its December 2022 launch, rare air for a boutique active stock fund.
  • Sits in the upper half of its quality-and-free-cash-flow peer group, with solid marks for how the portfolio is built and how consistent the strategy has stayed.

Worth knowing

AQEC No data

  • EQTY The fee is the headline trade-off: 0.99% against a 0.57% cohort median, while PSET (0.15%) and ABFL (0.49%) run their own quality playbooks for a fraction of it.
  • Big fund, quiet tape. Shares change hands lightly, so spreads can widen when markets get jumpy.
  • A December 2025 supplement flagged a proposed new advisory agreement, with the objective and strategies unchanged. Worth knowing who is steering the ship.

Full AQEC profile⁠

Full EQTY profile⁠

AQEC vs EQTY 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 EQTY Cost

Overpaying EQTY vs AQEC

$8,733

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

  • AQEC 0.49%

    $9,792

  • EQTY 0.99%

    $18,525

$10,000
30 years

Cost over time

  • AQEC 0.49%
  • EQTY 0.99%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530EQTY $18,525AQEC $9,792

Year by year

YearAQECEQTYOverpaying
10$883$1,746$863
20$3,394$6,565$3,171
30$9,792$18,525$8,733

Expense ratio

  • 0.49%AQEC, cheaper
  • 0.99%EQTY
  • Middle half of US Active Quality funds
  • Median 0.65%

AQEC 2nd cheapest of 16 funds

EQTY 15th cheapest of 16 funds

AQEC vs EQTY Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AQEC No data
EQTY 0.02%
Payout (12M)
AQEC No data
EQTY $0.0061
Last payment
AQEC $0.05
EQTY $0.0061
Ex-dividend
AQEC Sep 23, 2026
EQTY Dec 26, 2025
Paid on
AQEC Sep 24, 2026
EQTY Dec 31, 2025
Frequency
AQEC Quarterly
EQTY Annual

Distribution history

Per share, 2022 to 2026, same scale for both

AQECQuarterly · 4 paymentsAll AQEC payments⁠
One bar per payment. 4 payments from 2022 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
EQTYAnnual · 4 paymentsAll EQTY payments⁠
One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 29, 2022 $0.01; Dec 27, 2023 $0.05; Dec 27, 2024 $0.08; Dec 26, 2025 $0.0061. Use the arrow keys to read each point.$0$0.1020232026YTD

AQEC vs EQTY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AQEC No dataEQTY 12.1%
Return per unit of riskSharpe ratio, 3 years
AQEC No dataEQTY 1.16
Worst fallMax drawdown, 5 years
AQEC No dataEQTY −17.3%since Dec 2022
Market sensitivityBeta, 5 years
AQEC 0.51EQTY 0.94

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