BLCR vs DFAC: Grades, Fees and Holdings Compared

iShares Large Cap Core Active ETF

BLCRBNasdaq

Dimensional US Core Equity 2 ETF

DFACANYSE Arca

Overlap

31.3%by weight

Expense ratio

DFAC −0.19pt a year

BLCR0.36%DFAC0.17%

Avg volume · 30D

DFAC 1.7×the volume

BLCR1.16MDFAC2M

3Y return · a year

BLCR +3.3pt

BLCR+24.4%DFAC+21.1%

BLCR vs DFAC Performance

Nov 7, 2025 – Nov 9, 2026

+17.3%BLCR+17.3%DFAC

Expense ratio: BLCR 0.36%; DFAC 0.17%, better
Fund size: BLCR $9.47B; DFAC $85.6B
1Y total return: BLCR +17.3%; DFAC +17.3%
Yield (12M): BLCR 0.33%; DFAC 0.88%, better
Holdings: BLCR 53; DFAC 2549
Avg volume (30D): BLCR 1.16M sh; DFAC 2M sh, better
NAV per share: BLCR $46.90; DFAC $43.78
52W range

ETF.net Grade

Pillar letters and Scores for BLCR, DFAC, with each pillar’s weight
Pillar	BLCR	DFAC
Cost30% weight	A79	A94Higher
Mission25% weight	A72	A100Higher
Risk15% weight	C42	B65Higher
Tradability15% weight	A80	A86Higher
Holdings10% weight	C50	A89Higher
Durability5% weight	A87	A97Higher

Rank among US Active Equity funds

How we build Categories ›

Same Category. BLCR 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 BLCR 26th of 121 funds in the US Active Equity Category.

Rank 1AAVLCAvantis U.S. Large Cap Equity ETFScore 87
Rank 2ADFAUDimensional US Core Equity Market ETFScore 86
Rank 3ADFACDimensional US Core Equity 2 ETFScore 85
Rank 4ADYNFiShares U.S. Equity Factor Rotation Active ETFScore 83
Rank 23BZECPZacks Earnings Consistent Portfolio ETFScore 69
Rank 26BBLCRiShares Large Cap Core Active ETFScore 68
Rank 26BBRCEMFS Blended Research Core Equity ETFScore 68

Our read on each fund

ETF.net Research

BLCRBiShares Large Cap Core Active ETF

DFACADimensional US Core Equity 2 ETF

In short

BLCR BlackRock's answer to closet indexing: a concentrated book of roughly 25 to 60 US large caps, measured against the Russell 1000 but built on conviction, at 0.36% net of a waiver through June 30, 2027.

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

BLCR The Fund seeks to maximize total return by investing in large-cap U.S. equities selected through fundamental and quantitative insights. It is presented as a high-conviction, actively managed core equity allocation.

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

Why people hold it

BLCR Actually active. The manager runs about 25 to 60 names against a thousand-stock benchmark, so individual stock calls carry real weight instead of being diluted into index beta.ishares.com
0.36% net of a waiver through June 30, 2027 (0.38% gross) sits below the median for active US equity funds, lean pricing for a high-conviction stock-picking mandate.
Scale and plumbing are already sorted: a multi-billion-dollar, actively traded fund on the biggest ETF platform in the business, not a thin launch hunting for assets.ishares.com

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

BLCR Concentration cuts both ways. With roughly 50 holdings, a few positions drive the outcome, and results can sit far from the Russell 1000 in either direction.
Cheap for active, not cheap outright: AVLC targets the same Russell 1000 universe at 0.15%. The gap is what the stock picking costs you.
Young fund, short live record. It launched in 2023 as BlackRock Large Cap Core ETF before moving under the iShares brand, and pays quarterly.sec.gov

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 BLCR profile⁠

Full DFAC profile⁠

BLCR vs DFAC Holdings

How BLCR and DFAC differ

Overlap by weight

31.3%

Shared holdings make up 93.0% of BLCR and 33.7% of DFAC.

Level by level

Holdings47 in both31.3%
Sector11 Sectors92.4%
Countryby domicile96.5%
Asset classStocks100%

Sector

Sector weights in BLCR and DFAC, widest gap first
Sector	Gap	BLCR	DFAC
Financials	DFAC +3.6 points	11.6%	15.2%
Health Care	BLCR +2.4 points	11.7%	9.3%
Energy	DFAC +2.1 points	3.6%	5.7%
Communication	BLCR +2.0 points	9.6%	7.6%
Industrials	DFAC +1.5 points	10.8%	12.3%
Materials	BLCR +1.4 points	4.1%	2.7%
Consumer Discretionary	BLCR +1.2 points	9.8%	8.6%
Technology	BLCR +0.4 points	32.3%	31.9%
Utilities	DFAC +0.3 points	1.4%	1.7%
Real Estate	DFAC +0.2 points	0.0%	0.2%
Consumer Staples	BLCR +0.2 points	5.1%	4.9%

Country, concentration and asset class

Country by domicile

Country weights in BLCR and DFAC, widest gap first
Country	Gap	BLCR	DFAC
United States	DFAC +3.0 points	96.0%	99.0%
Canada	BLCR +1.5 points	1.5%	0.0%
Mexico	BLCR +1.1 points	1.3%	0.2%
United Kingdom	BLCR +1.0 points	1.2%	0.2%
Other countries (10)	DFAC +0.6 points	0.0%	0.6%

Concentration

Weight in the 10 largest Holdings

BLCR48.4%
DFAC26.3%

Securities held

BLCR51
DFAC2,547

Asset class

BLCR: Stocks
DFAC: Stocks

Holdings

Only in BLCR4
In both47
Only in DFAC2,500

Only in BLCR

4 securities, 3.9% of BLCR by weight

Wheaton Precious Metals1.52%
Rentokil Initial Ads Each Represen1.12%
Space Exploration Technologies Cor0.95%
Madison Air Solutions Corp Class A0.35%

Only in DFAC

2,500 securities, 66.1% of DFAC by weight

JPMorgan Chase & Co Common Stock USD1.01.14%
Alphabet Inc Class C Common Stock USD.0010.96%
Berkshire Hathaway Inc Class B Common Stock USD.00330.86%
Mastercard Inc A Common Stock USD.00010.71%
Procter & Gamble Co/The Common Stock0.57%
Cisco Systems Inc Common Stock USD.0010.49%
AbbVie Inc Common Stock USD.010.48%
Home Depot Inc Common Stock USD.050.42%
Amgen Inc Common Stock USD.00010.39%
Caterpillar Inc Common Stock USD1.00.38%
Costco Wholesale Corp Common Stock USD.0050.36%
Bank of America Corp Common Stock USD.010.35%
Intl Business Machines Corp Common Stock USD.20.34%
Goldman Sachs Group Inc Common Stock USD.010.34%
General Electric Common Stock USD.010.33%
Texas Instruments Inc Common Stock USD1.00.32%
Western Digital Corp Common Stock USD.010.29%
Rtx Corp Common Stock USD1.00.29%
Pepsico Inc Common Stock USD.0170.29%
Union Pacific Corp Common Stock USD2.50.27%
Deere & Co Common Stock USD1.00.27%
Linde PLC Common Stock0.27%
American Express Co Common Stock USD.20.27%
Verizon Communications Inc Common Stock USD.10.26%
Travelers Cos Inc/The Common Stock0.26%
Morgan Stanley Common Stock USD.010.26%
General Motors Co Common Stock USD.010.24%
Newmont Corp Common Stock USD1.60.24%
Csx Corp Common Stock USD1.00.23%
Tesla Inc Common Stock USD.0010.23%
Royal Caribbean Cruises Ltd Common Stock USD.010.23%
Oracle Corp Common Stock USD.010.23%
Citigroup Inc Common Stock USD.010.23%
Eog Resources Inc Common Stock USD.010.21%
Kla Corp Common Stock USD.0010.21%
At+t Inc Common Stock USD1.00.20%
Lockheed Martin Corp Common Stock USD1.00.20%
Target Corp Common Stock USD.08330.20%
United Rentals Inc Common Stock USD.010.20%
Tjx Companies Inc Common Stock USD1.00.20%
Valero Energy Corp Common Stock USD.010.19%
Ross Stores Inc Common Stock USD.010.19%
Delta Air Lines Inc Common Stock USD.00010.19%
Phillips 66 Common Stock0.19%
Bank of New York Mellon Corp Common Stock0.19%
Applied Materials Inc Common Stock USD.010.19%
Walt Disney Co/The Common Stock USD.010.18%
Kroger Co Common Stock USD1.00.18%
Automatic Data Processing Common Stock USD.10.18%
Bristol Myers Squibb Co Common Stock USD.10.18%

Weight gaps

All 47 Holdings in both funds, largest gap first.

Holding weights in BLCR and DFAC, widest gap first
Holding	Gap	BLCR	DFAC
Visa Class AV	BLCR +4.45 points	5.21%	0.76%
Cardinal HealthCAH	BLCR +4.05 points	4.14%	0.09%
Amazon.com IncAMZN	BLCR +3.54 points	6.25%	2.71%
HasbroHAS	BLCR +3.11 points	3.16%	0.05%
AtiATI	BLCR +2.86 points	2.96%	0.10%
CdwCDW	BLCR +2.73 points	2.79%	0.06%
Meta Platforms Class AMETA	BLCR +2.67 points	4.59%	1.92%
Howmet AerospaceHWM	BLCR +2.45 points	2.51%	0.06%
Wesco InternationalWCC	BLCR +2.45 points	2.50%	0.05%
Alphabet Class AGOOGL	BLCR +2.41 points	3.83%	1.42%
Air Products and ChemicalsAPD	BLCR +2.30 points	2.39%	0.09%
MicrosoftMSFT	BLCR +2.05 points	7.03%	4.98%
Keurig Dr Pepper IncKDP	BLCR +2.02 points	2.09%	0.07%
Assurant IncAIZ	BLCR +1.94 points	2.00%	0.06%
Edwards LifesciencesEW	BLCR +1.91 points	1.98%	0.07%
Wells FargoWFC	BLCR +1.86 points	2.20%	0.34%
Advanced Micro DevicesAMD	BLCR +1.76 points	1.93%	0.17%
Rocket Companies Inc Class ARKT	BLCR +1.72 points	1.74%	0.02%
Caseys General Stores IncCASY	BLCR +1.51 points	1.58%	0.07%
Micron TechnologyMU	BLCR +1.50 points	2.38%	0.88%
Dte EnergyDTE	BLCR +1.32 points	1.35%	0.03%
NVIDIANVDA	BLCR +1.30 points	6.22%	4.92%
ChevronCVX	BLCR +1.25 points	1.92%	0.67%
Flex LtdFLEX	BLCR +1.19 points	1.29%	0.10%
Mastec IncMTZ	BLCR +1.10 points	1.15%	0.05%
Intel CorporationINTC	BLCR +1.05 points	1.21%	0.16%
AppleAAPL	DFAC +0.96 points	4.94%	5.90%
CienaCIEN	BLCR +0.92 points	1.03%	0.11%
GlaukosGKOS	BLCR +0.78 points	0.78%	<0.01%
Hewlett Packard EnterpriseHPE	BLCR +0.63 points	0.79%	0.16%
Exxonmobil Holdings CorpXOM	DFAC +0.62 points	0.26%	0.88%
Elevance Health IncELV	BLCR +0.47 points	0.60%	0.13%
Gilead SciencesGILD	BLCR +0.48 points	0.79%	0.31%
EqtEQT	BLCR +0.44 points	0.50%	0.06%
Eli LillyLLY	DFAC +0.34 points	0.94%	1.28%
Boston ScientificBSX	BLCR +0.34 points	0.36%	0.02%
Johnson & JohnsonJNJ	DFAC +0.33 points	0.59%	0.92%
UnitedHealth GroupUNH	BLCR +0.27 points	0.57%	0.30%
Coca-ColaKO	BLCR +0.23 points	0.71%	0.48%
SandiskSNDK	BLCR +0.22 points	0.36%	0.14%
ConocophillipsCOP	BLCR +0.20 points	0.55%	0.35%
Broadcom IncAVGO	BLCR +0.11 points	1.17%	1.06%
WalmartWMT	DFAC +0.10 points	0.46%	0.56%
QualcommQCOM	BLCR +0.07 points	0.38%	0.30%
Merck & Co IncMRK	BLCR +0.06 points	0.51%	0.45%
Marathon PetroleumMPC	DFAC +0.02 points	0.20%	0.22%
Johnson Controls International PLCJCI	BLCR +0.01 points	0.14%	0.13%

All 51 BLCR 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.

BLCR vs DFAC Cost

Overpaying BLCR vs DFAC

$3,774

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

BLCR 0.36%
$7,320
DFAC 0.17%
$3,546

Amount$10,000

Years30 years

Cost over time

BLCR 0.36%
DFAC 0.17%
Overpaying

Year by year

Year	BLCR	DFAC	Overpaying
10	$652	$310	$342
20	$2,522	$1,211	$1,311
30	$7,320	$3,546	$3,774

Expense ratio

0.36%BLCR
0.17%DFAC, cheaper

DFAC0.17%BLCR0.36%

0.00%2.89%

Middle half of US Active Equity funds
Median 0.68%

DFAC 8th cheapest of 121 funds

BLCR 26th cheapest of 121 funds

BLCR vs DFAC Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BLCR 0.33%; DFAC 0.88%, better
Payout (12M): BLCR $0.16; DFAC $0.39
Last payment: BLCR $0.07; DFAC $0.10
Ex-dividend: BLCR Sep 15, 2026; DFAC Sep 22, 2026
Paid on: BLCR Sep 18, 2026; DFAC Sep 24, 2026
Frequency: BLCR Quarterly; DFAC Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

BLCRQuarterly · 12 paymentsAll BLCR payments⁠

DFACQuarterly · 22 paymentsAll DFAC payments⁠

BLCR vs DFAC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BLCR 15.9%DFAC 12.6%, better
Return per unit of riskSharpe ratio, 3 years: BLCR 1.22DFAC 1.32, better
Worst fallMax drawdown, 5 years: BLCR −21.3%since Oct 2023DFAC −23.1%
Market sensitivityBeta, 5 years: BLCR 1.09DFAC 0.99; Market = 1

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