BUYB vs DCOR

BUYBCProShares S&P 500 Buyback Aristocrats ETF

DCORAU.S. Core Equity 1 Portfolio ETF Class Shares

In short

BUYB Dividend Aristocrats, but for share counts. BUYB was the first ETF built on S&P 500 companies that have shrunk their shares outstanding 10 years running, then weights them equally so no single mega-cap runs the show.

DCOR Index-fund breadth with an active steering wheel: roughly 2,300 US stocks weighted toward smaller, cheaper, more profitable companies, for 0.14% a year. Dimensional's long-running core equity playbook, in an ETF since 2023.

Stated mandate

BUYB The Fund seeks to track, before fees and expenses, the performance of the S&P 500 Buyback Aristocrats Index. It uses a passive approach and generally invests in the index components or representative instruments.

DCOR The fund seeks long-term capital appreciation through a broadly diversified portfolio of U.S. equities. Its approach combines portfolio design, research, management, and trading while emphasizing long-term expected-return drivers.

Why people hold it

• BUYB A streak test, not a snapshot: the index picks S&P 500 names that reduced common shares outstanding for at least 10 consecutive years, so a single splashy buyback year doesn't earn a seat.sec.gov
• Equal weighting across a minimum of 40 companies gives every holding the same starting slice, a very different shape from cap-weighted large-cap exposure.sec.gov
• First mover on the idea: ProShares launched it in 2026 as the first ETF invested exclusively in companies with a persistent record of buying back their stock.proshares.com
• Shrinking share counts show up in share price rather than cash in your account, and the fund's own payout schedule is once or twice a year, not monthly.

• DCOR 0.14% a year, well under half the typical fee among US multifactor peers.
• Roughly 2,300 holdings makes this a whole-market core position, not a factor slice, with the smaller-cap, value and profitability tilts built into the weights.
• What the prospectus advertises is what the portfolio holds: broad US equity, tilted to cheaper and more profitable names. One of the tightest mandate fits in its peer group.

Worth knowing

• BUYB The 0.39% fee sits above the 0.29% median for its multifactor peer group, and index heavyweights like VYM (0.04%) and FNDX (0.25%) charge far less for broad large-cap factor exposure.
• A 2026 launch means no long tracking record yet, and a small, lightly traded fund can show wider bid/ask spreads than the category's established names.
• Buyback programs can be trimmed, paused, or timed poorly, and if too few companies clear the 10-year bar the index steps the requirement down toward five years.sec.govproshares.com

• DCOR Actively managed with no index to replicate, so the holdings rest on Dimensional's judgment and turnover can run higher than an index fund's.sec.gov
• The 0.14% is net of a contractual fee waiver; the gross fee in the prospectus is higher, and the waiver runs on a renewable term.sec.gov
• Moderately traded rather than a volume monster, so spreads can be wider than at the biggest names in the category.

Full BUYB profile⁠

Full DCOR profile⁠