AQEC vs OTAX: Grades, Fees and Holdings Compared

AQE Core ETF

AQECBCboe

Optimal Tax Managed Equity ETF

OTAX—NYSE

Overlap

44.9%by weight

Expense ratio

AQEC −0.09pt a year

AQEC0.49%OTAX0.58%

Avg volume · 30D

AQEC 1.3×the volume

AQEC24.8KOTAX19.5K

AQEC vs OTAX Performance

Oct 2, 2026 – Nov 2, 2026

+1.1%AQEC−4.2%OTAX

Expense ratio: AQEC 0.49%, better; OTAX 0.58%
Fund size: AQEC $602M; OTAX $74M
Holdings: AQEC 134; OTAX 236
Avg volume (30D): AQEC 24.8K sh, better; OTAX 19.5K sh
NAV per share: AQEC $25.92; OTAX $48.60
52W range

ETF.net Grade

—OTAXNot yet graded

Pillar letters and Scores for AQEC, OTAX, with each pillar’s weight
Pillar	AQEC	OTAX
Cost30% weight	A75	Not scored
Mission25% weight	Not scored	Not scored
Risk15% weight	C40	Not scored
Tradability15% weight	B67	Not scored
Holdings10% weight	A85	Not scored
Durability5% weight	B57	Not scored

Rank among US Active Quality funds

How we build Categories ›

US Active Quality⁠

Category · 16 funds

See all 16 ›

AQEC ranks 3rd of 16 funds in the US Active Quality Category.

Rank 1ANPFENpf Core Equity EtfScore 79
Rank 2AQLTYGMO US Quality ETFScore 75
Rank 3BAQECAQE Core ETFScore 66
Rank 4BQIDXIndexperts Quality Earnings Focused ETFScore 64
OTAXNot yet graded

AQEC vs OTAX Holdings

How AQEC and OTAX differ

Overlap by weight

44.9%

Shared holdings make up 70.7% of AQEC and 47.4% of OTAX.

Level by level

Holdings72 in both44.9%
Countryby domicile92.6%
Asset classEquity100%

Sector

No Sector split for OTAX.

Country, concentration and asset class

Country by domicile

Country weights in AQEC and OTAX, widest gap first
Country	More in AQECMore in OTAX	AQEC	OTAX
United Kingdom	AQEC +3.8 points	4.2%	0.4%
Taiwan	OTAX +3.4 points	0.0%	3.4%
United States	OTAX +2.8 points	92.1%	94.9%
Switzerland	AQEC +1.5 points	1.6%	0.1%
Netherlands	AQEC +1.4 points	1.5%	0.1%
Denmark	AQEC +0.6 points	0.6%	0.0%
Canada	OTAX +0.6 points	0.0%	0.6%
Other countries (10)	OTAX +0.7 points	0.0%	0.7%

Concentration

Weight in the 10 largest Holdings

AQEC36.2%
OTAX37.5%

Securities held

AQEC133
OTAX236

Asset class

AQEC: Equity
OTAX: Equity

Holdings

Only in AQEC61
In both72
Only in OTAX164

Only in AQEC

61 securities, 29.2% of AQEC by weight

Gartner Inc0.91%
Medtronic PLC0.90%
Starbucks Corp0.87%
General Dynamics Corp0.86%
Bristol-Myers Squibb Co0.85%
eBay Inc0.84%
Novartis AG0.81%
Universal Music Group NV0.81%
Roche Holding AG0.79%
British American Tobacco PLC0.78%
Warner Music Group Corp0.76%
Ryan Specialty Holdings Inc0.76%
Colgate-Palmolive Co0.75%
Otis Worldwide Corp0.75%
Estee Lauder Cos Inc/The0.75%
Honeywell Aerospace Inc0.75%
Diageo PLC0.75%
Intercontinental Exchange Inc0.75%
Reckitt Benckiser Group PLC0.74%
Honeywell International Inc0.73%
Live Nation Entertainment Inc0.73%
Unilever PLC0.72%
Gsk PLC0.71%
Aon PLC0.70%
News Corp0.69%
TransUnion0.69%
Fox Corp0.68%
Zillow Group Inc0.67%
Haleon PLC0.66%
Solventum Corp0.64%
Novo Nordisk A/S0.62%
Kimberly-Clark Corp0.60%
Gilead Sciences Inc0.29%
Citigroup Inc0.27%
McDonald's Corp0.26%
Verizon Communications Inc0.26%
PepsiCo Inc0.26%
Deere & Co0.25%
Pfizer Inc0.24%
NextEra Energy Inc0.23%
Accenture PLC0.23%
Danaher Corp0.20%
Uber Technologies Inc0.19%
First American Treasury Obligations Fund 01/01/20400.19%
Altria Group Inc0.18%
Capital One Financial Corp0.18%
Booking Holdings Inc0.17%
CVS Health Corp0.16%
ServiceNow Inc0.16%
Intuit Inc0.15%

Only in OTAX

164 securities, 52.6% of OTAX by weight

Columbia Research Enhanced Core ETF8.19%
Vanguard S&P 500 ETF3.11%
Taiwan Semiconductor Manufacturing Co Ltd2.87%
Palo Alto Networks Inc2.35%
Snowflake Inc2.31%
Dell Technologies Inc1.31%
Vanguard Dividend Appreciation ETF1.22%
Vanguard Information Technology ETF0.82%
Crowdstrike Holdings Inc0.75%
Eaton Corp PLC0.74%
Invesco QQQ Trust Series 10.63%
Williams Cos Inc/The0.61%
ATI Inc0.56%
iShares Core S&P Small-Cap ETF0.54%
Ares Management Corp0.49%
SM Energy Co0.47%
CF Industries Holdings Inc0.45%
Tenet Healthcare Corp0.43%
ONEOK Inc0.42%
Coca-Cola Consolidated Inc0.38%
State Street SPDR Dow Jones Industrial Average ETF Trust0.38%
Hasbro Inc0.37%
Etsy Inc0.37%
Jones Lang LaSalle Inc0.37%
First American Government Obligations Fund 12/01/20310.37%
Brinker International Inc0.36%
Exelixis Inc0.36%
APA Corp0.36%
FT Vest Laddered Buffer ETF0.35%
Host Hotels & Resorts Inc0.34%
RingCentral Inc0.34%
Abercrombie & Fitch Co0.33%
Blackstone Inc0.33%
Science Applications International Corp0.33%
CME Group Inc0.33%
New York Times Co/The0.32%
iShares Russell 2000 ETF0.32%
Kinder Morgan Inc0.32%
MGIC Investment Corp0.32%
nVent Electric PLC0.32%
Aflac Inc0.32%
Five Below Inc0.32%
Crocs Inc0.31%
Lyft Inc0.30%
Lincoln Electric Holdings Inc0.30%
Affiliated Managers Group Inc0.30%
Medpace Holdings Inc0.30%
Toro Co/The0.29%
Hanover Insurance Group Inc/The0.29%
Manulife Financial Corp0.29%

Weight gaps

All 72 Holdings in both funds, largest gap first.

Holding weights in AQEC and OTAX, widest gap first
Holding	More in AQECMore in OTAX	AQEC	OTAX
Apple IncAAPL	AQEC +2.69 points	7.77%	5.08%
NVIDIA CorpNVDA	AQEC +2.27 points	7.25%	4.98%
Microsoft CorpMSFT	AQEC +1.89 points	6.00%	4.11%
Merck & Co IncMRK	OTAX +1.34 points	0.51%	1.85%
Berkshire Hathaway IncBRK.B	AQEC +1.31 points	2.08%	0.77%
Alphabet IncGOOGL	AQEC +1.06 points	2.77%	1.71%
Visa IncV	AQEC +1.02 points	1.74%	0.72%
Johnson & JohnsonJNJ	AQEC +0.93 points	1.60%	0.67%
Intuitive Surgical IncISRG	AQEC +0.92 points	1.08%	0.16%
Procter & Gamble Co/ThePG	AQEC +0.92 points	1.30%	0.38%
Philip Morris International IncPM	AQEC +0.91 points	1.23%	0.32%
Walt Disney Co/TheDIS	AQEC +0.89 points	1.01%	0.12%
Home Depot Inc/TheHD	AQEC +0.83 points	1.17%	0.34%
RTX CorpRTX	AQEC +0.78 points	1.07%	0.29%
Salesforce IncCRM	AQEC +0.66 points	0.90%	0.24%
Vylor IncVYLR	AQEC +0.58 points	0.59%	<0.01%
ASML Holding NVASML	AQEC +0.58 points	0.62%	0.04%
Amazon.com IncAMZN	AQEC +0.55 points	3.07%	2.52%
Airbnb IncABNB	AQEC +0.47 points	0.65%	0.18%
Eli Lilly & CoLLY	AQEC +0.39 points	1.57%	1.18%
Meta Platforms IncMETA	AQEC +0.36 points	1.74%	1.38%
Intel CorpINTC	AQEC +0.32 points	0.33%	<0.01%
JPMorgan Chase & Co.JPM	AQEC +0.31 points	1.22%	0.91%
T-Mobile US IncTMUS	OTAX +0.30 points	0.10%	0.40%
Alphabet IncGOOG	AQEC +0.28 points	1.75%	1.47%
Simon Property Group IncSPG	OTAX +0.28 points	0.10%	0.38%
CH Robinson Worldwide IncCHRW	AQEC +0.28 points	0.57%	0.29%
ExxonMobil Holdings CorpXOM	AQEC +0.28 points	1.08%	0.80%
Micron Technology IncMU	AQEC +0.28 points	1.26%	0.98%
Union Pacific CorpUNP	AQEC +0.21 points	0.24%	0.03%
QUALCOMM IncQCOM	AQEC +0.20 points	0.23%	0.03%
Walmart IncWMT	AQEC +0.19 points	0.73%	0.54%
Mastercard IncMA	AQEC +0.20 points	0.72%	0.52%
Morgan StanleyMS	OTAX +0.19 points	0.29%	0.48%
ConocoPhillipsCOP	AQEC +0.19 points	0.26%	0.07%
American Express CoAXP	AQEC +0.19 points	0.23%	0.04%
Advanced Micro Devices IncAMD	AQEC +0.18 points	1.00%	0.82%
Charles Schwab Corp/TheSCHW	AQEC +0.17 points	0.19%	0.02%
Palantir Technologies IncPLTR	AQEC +0.17 points	0.56%	0.39%
Abbott LaboratoriesABT	AQEC +0.15 points	0.26%	0.11%
Chevron CorpCVX	AQEC +0.14 points	0.61%	0.47%
Costco Wholesale CorpCOST	AQEC +0.14 points	0.62%	0.48%
Cisco Systems IncCSCO	AQEC +0.14 points	0.56%	0.42%
Amgen IncAMGN	AQEC +0.14 points	0.38%	0.24%
Blackrock IncBLK	AQEC +0.14 points	0.22%	0.08%
UnitedHealth Group IncUNH	AQEC +0.13 points	0.50%	0.37%
Bank of America CorpBAC	AQEC +0.13 points	0.44%	0.31%
Coca-Cola Co/TheKO	AQEC +0.12 points	0.49%	0.37%
Netflix IncNFLX	AQEC +0.12 points	0.38%	0.26%
Bank of New York Mellon Corp/TheBNY	OTAX +0.12 points	0.13%	0.25%
Tesla IncTSLA	AQEC +0.09 points	1.48%	1.39%
Corteva IncCTVA	AQEC +0.10 points	0.10%	<0.01%
Ge AerospaceGE	AQEC +0.09 points	0.42%	0.33%
Emerson Electric CoEMR	AQEC +0.08 points	0.13%	0.05%
Goldman Sachs Group Inc/TheGS	OTAX +0.08 points	0.34%	0.42%
Broadcom IncAVGO	AQEC +0.07 points	2.06%	1.99%
Lockheed Martin CorpLMT	OTAX +0.07 points	0.18%	0.25%
Boeing Co/TheBA	OTAX +0.06 points	0.18%	0.24%
American Tower CorpAMT	AQEC +0.06 points	0.11%	0.05%
Caterpillar IncCAT	OTAX +0.06 points	0.37%	0.43%
Lam Research CorpLRCX	AQEC +0.06 points	0.36%	0.30%
Wells Fargo & CoWFC	AQEC +0.06 points	0.35%	0.29%
Thermo Fisher Scientific IncTMO	AQEC +0.05 points	0.35%	0.30%
Linde PLCLIN	AQEC +0.05 points	0.33%	0.28%
AbbVie IncABBV	AQEC +0.04 points	0.73%	0.69%
International Business Machines CorpIBM	AQEC +0.05 points	0.33%	0.28%
Applied Materials IncAMAT	AQEC +0.04 points	0.35%	0.31%
Lowe's Cos IncLOW	AQEC +0.04 points	0.17%	0.13%
AT&T IncT	OTAX +0.03 points	0.20%	0.23%
Texas Instruments IncTXN	OTAX +0.03 points	0.36%	0.39%
GE Vernova IncGEV	AQEC +0.03 points	0.30%	0.27%
Oracle CorpORCL	Same weight	0.25%	0.25%

All 134 AQEC holdings⁠All OTAX 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 OTAX Cost

Overpaying OTAX vs AQEC

$1,661

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

AQEC 0.49%
$9,792
OTAX 0.58%
$11,453

Amount$10,000

Years30 years

Cost over time

AQEC 0.49%
OTAX 0.58%
Overpaying

Year by year

Year	AQEC	OTAX	Overpaying
10	$883	$1,041	$158
20	$3,394	$3,986	$592
30	$9,792	$11,453	$1,661

Expense ratio

0.49%AQEC, cheaper
0.58%OTAX

AQEC0.49%OTAX0.58%

0.40%1.52%

Middle half of US Active Quality funds
Median 0.65%

AQEC 2nd cheapest of 16 funds

OTAX 8th cheapest of 16 funds

AQEC vs OTAX Dividends

Last 12 months to Nov 2, 2026

Payout (12M): AQEC No data; OTAX None
Last payment: AQEC $0.05; OTAX No data
Ex-dividend: AQEC Sep 23, 2026; OTAX No data
Paid on: AQEC Sep 24, 2026; OTAX No data
Frequency: AQEC Quarterly; OTAX No data

Distribution history

Per share, 2025 to 2026, same scale for both

AQECQuarterly · 4 paymentsAll AQEC payments⁠

OTAXAll OTAX payments⁠

No distribution history available.

AQEC vs OTAX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years: AQEC 0.51OTAX 0.00; Market = 1

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