CPAI vs DFAU: Grades, Fees and Holdings Compared

Counterpoint Quantitative Equity ETF

CPAICNYSE

Dimensional US Core Equity Market ETF

DFAUANYSE Arca

Overlap

4.9%by weight

Expense ratio

DFAU −0.63pt a year

CPAI0.75%DFAU0.12%

Avg volume · 30D

DFAU 8.0×the volume

CPAI69.2KDFAU555K

CPAI vs DFAU Performance

Oct 31, 2025 – Oct 30, 2026

+35.0%CPAI+13.2%DFAU

Expense ratio: CPAI 0.75%; DFAU 0.12%, better
Fund size: CPAI $546M; DFAU $12.9B
1Y total return: CPAI +35.0%, better; DFAU +13.2%
Yield (12M): CPAI 0.68%; DFAU 0.90%, better
Holdings: CPAI 52; DFAU 2165
Avg volume (30D): CPAI 69.2K sh; DFAU 555K sh, better
NAV per share: CPAI $53.67; DFAU $52.28
52W range

ETF.net Grade

Pillar letters and Scores for CPAI, DFAU, with each pillar’s weight
Pillar	CPAI	DFAU
Cost30% weight	D36	A97Higher
Mission25% weight	B65	A83Higher
Risk15% weight	C44	B65Higher
Tradability15% weight	C52	A87Higher
Holdings10% weight	A83	A84Higher
Durability5% weight	B69	A91Higher

Rank among US Active Equity funds

How we build Categories ›

Same Category. CPAI and DFAU 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 ›

DFAU ranks 2nd and CPAI 63rd 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 61CPRAYFIS Christian Stock FundScore 50
Rank 63CCPAICounterpoint Quantitative Equity ETFScore 49
Rank 63CSSUSStrategy Shares Day Hagan Smart Sector ETFScore 49

Our read on each fund

ETF.net Research

CPAICCounterpoint Quantitative Equity ETF

DFAUADimensional US Core Equity Market ETF

In short

CPAI The AI here picks the stocks, it doesn't buy them. Counterpoint's machine-learning models rank US companies on 30-plus variables, then hold at least 50 of the top names equal-weighted, tilted toward small and mid caps.

DFAU Active management priced like an index fund. Dimensional spreads across roughly 2,400 US stocks, then tilts the weights toward value, profitability and momentum instead of simply mirroring the Russell 3000.

Stated mandate

CPAI The Fund seeks long-term capital appreciation.

DFAU Seeks long-term capital appreciation. It uses an integrated research, portfolio-design, management, and trading process to build a broadly diversified portfolio of U.S. companies while balancing long-term return drivers, risk, shorter-term considerations, and trading costs.

Why people hold it

CPAI The models weigh more than 30 inputs spanning value, long-term reversal, momentum, profitability, investor sentiment and price stability, and retrain at each quarterly rebalance.sec.gov counterpointfunds.com
Equal weighting, a floor of 50 holdings, and a target of no more than 35% in any one sector stop a single stock or hot sector from running the portfolio.counterpointfunds.com
A small and mid cap tilt sets it apart in a peer group crowded with large-cap core products like DFAU, FELC and AVLC.counterpointfunds.com

DFAU Charges 0.12% a year, well under the 0.65% median for active US equity funds and the cheapest of the top-graded names in its group (AVLC, DFAC, FELC).
Holds roughly 2,400 US companies, so no single name steers the fund. Whole-market coverage, not a concentrated bet.
Active without the stock-picking drama: it leans weights toward value, profitability and momentum, using the Russell 3000 as its reference point rather than a rigid rulebook.
A multi-billion-dollar fund that trades actively, and one of the strongest overall implementations in its active US equity peer group.

Worth knowing

CPAI At 0.75% a year it costs more than the typical active US equity ETF, and far more than cheap core rivals such as DFAU (0.12%) and FELC (0.18%).
Holdings come from proprietary models refined through backtesting, so you can't check any position against a published rulebook the way you can with an index fund.sec.gov
Launched in 2023, so the live record is short, and an equal-weighted small and mid cap book can behave very differently from a large-cap benchmark.counterpointfunds.com

DFAU Those tilts cut both ways: results can drift from a plain Russell 3000 fund for long stretches, in either direction.
No published index behind it. The trade-off for flexibility is that you're buying Dimensional's process, not a public set of rules you can check line by line.
Distributions land quarterly, not monthly, and the mandate is long-term capital appreciation rather than income.

Full CPAI profile⁠

Full DFAU profile⁠

CPAI vs DFAU Holdings

How CPAI and DFAU differ

Overlap by weight

4.9%

Shared holdings make up 90.3% of CPAI and 4.9% of DFAU.

Level by level

Holdings45 in both4.9%
Sector11 Sectors78.6%
Countryby domicile96.2%
Asset classEquity100%

Sector

Sector weights in CPAI and DFAU, widest gap first
Sector	More in CPAIMore in DFAU	CPAI	DFAU
Energy	CPAI +14.3 points	19.2%	4.9%
Financials	DFAU +8.9 points	4.0%	12.9%
Industrials	DFAU +6.9 points	2.0%	8.9%
Health Care	CPAI +4.4 points	14.1%	9.7%
Consumer Staples	CPAI +2.8 points	7.5%	4.7%
Communication	DFAU +2.2 points	5.8%	8.0%
Utilities	DFAU +2.1 points	0.0%	2.1%
Materials	DFAU +0.9 points	1.8%	2.7%
Technology	DFAU +0.3 points	36.3%	36.6%
Real Estate	DFAU +0.1 points	0.0%	0.1%
Consumer Discretionary	Same weight	9.4%	9.4%

Country, concentration and asset class

Country by domicile

Country weights in CPAI and DFAU, widest gap first
Country	More in CPAIMore in DFAU	CPAI	DFAU
United States	DFAU +3.1 points	96.2%	99.3%
Canada	CPAI +2.2 points	2.2%	0.0%
Israel	CPAI +1.6 points	1.6%	0.0%
Other countries (10)	DFAU +0.7 points	0.0%	0.7%

Concentration

Weight in the 10 largest Holdings

CPAI23.7%
DFAU33.4%

Securities held

CPAI51
DFAU2,164

Asset class

CPAI: Equity
DFAU: Equity

Holdings

Only in CPAI6
In both45
Only in DFAU2,119

Only in CPAI

6 securities, 9.7% of CPAI by weight

BlackBerry Ltd.2.22%
Simply Good Foods Company (The)2.06%
BellRing Brands, Inc.1.95%
Sunoco, L.P.1.78%
Mobileye Global, Inc.1.56%
Bbh Sweep Vehicle0.15%

Only in DFAU

2,119 securities, 94.9% of DFAU by weight

Apple Inc.7.10%
NVIDIA Corp6.79%
Microsoft Corp5.62%
Amazon.com Inc.3.14%
Alphabet Inc - Class A2.14%
Broadcom Inc2.04%
Meta Platforms Inc1.78%
Alphabet Inc1.76%
Eli Lilly and Company1.45%
Tesla Inc1.35%
JPMorgan Chase & Co1.21%
Berkshire Hathaway Cl-B1.15%
Exxonmobil Holdings Corp1.07%
Advanced Micro Devices1.02%
Visa Inc0.96%
Johnson & Johnson0.78%
Mastercard Inc - A0.69%
Walmart Inc.0.68%
AbbVie Inc.0.61%
Chevron Corp.0.56%
Cisco Systems Inc.0.54%
Merck & Company Inc0.53%
Procter & Gamble Co/The0.52%
Costco Wholesale Corp.0.48%
Coca Cola Co.0.46%
Home Depot Inc0.46%
UnitedHealth Group Inc.0.40%
Palantir Technologies Inc0.40%
Bank of America Corp0.39%
Applied Materials Inc.0.39%
Oracle Corp.0.38%
General Electric Company0.38%
Philip Morris Intl0.37%
Amgen Inc0.36%
International Business Ma0.36%
Lam Research Corp0.36%
Texas Instruments Inc.0.36%
Caterpillar Inc.0.35%
Goldman Sachs Group Inc.0.35%
Wells Fargo & Co.0.34%
Rtx Corp0.31%
New Linde PLC0.30%
Verizon Communications0.30%
Gilead Sciences Inc0.30%
Qualcomm Inc.0.29%
Morgan Stanley0.29%
Kla Corp0.29%
Conocophillips0.28%
Thermo Fisher Scientific.0.27%
American Express Co.0.26%

Weight gaps

All 45 Holdings in both funds, largest gap first.

Holding weights in CPAI and DFAU, widest gap first
Holding	More in CPAIMore in DFAU	CPAI	DFAU
Teladoc Health, Inc.TDOC	CPAI +2.73 points	2.73%	<0.01%
Everpure, Inc.P	CPAI +2.48 points	2.53%	0.05%
Box, Inc.BOX	CPAI +2.48 points	2.49%	<0.01%
Etsy, Inc.ETSY	CPAI +2.44 points	2.45%	0.01%
Transocean Ltd.RIG	CPAI +2.29 points	2.30%	0.01%
Antero Resources CorporationAR	CPAI +2.27 points	2.29%	0.02%
Dollar Tree, Inc.DLTR	CPAI +2.21 points	2.26%	0.05%
Cleveland-Cliffs, Inc.CLF	CPAI +2.21 points	2.22%	0.01%
Northern Oil & Gas, Inc.NOG	CPAI +2.15 points	2.16%	<0.01%
HubSpot, Inc.HUBS	CPAI +2.15 points	2.15%	<0.01%
GoDaddy, Inc.GDDY	CPAI +2.09 points	2.10%	0.01%
Cardinal Health, Inc.CAH	CPAI +2.08 points	2.17%	0.09%
10X Genomics, Inc.TXG	CPAI +2.07 points	2.09%	0.02%
ON Semiconductor CorporationON	CPAI +2.06 points	2.11%	0.05%
McKesson CorporationMCK	CPAI +2.05 points	2.18%	0.13%
Everest Group Ltd.EG	CPAI +2.04 points	2.07%	0.03%
Talos Energy, Inc.TALO	CPAI +2.03 points	2.04%	<0.01%
World Kinect CorporationWKC	CPAI +2.03 points	2.03%	<0.01%
DaVita, Inc.DVA	CPAI +2.02 points	2.04%	0.02%
PayPal Holdings, Inc.PYPL	CPAI +2.02 points	2.11%	0.09%
Centene CorporationCNC	CPAI +1.98 points	2.03%	0.05%
Tenet Healthcare CorporationTHC	CPAI +1.96 points	2.01%	0.05%
Motorola Solutions, Inc.MSI	CPAI +1.94 points	2.09%	0.15%
Occidental Petroleum CorporationOXY	CPAI +1.94 points	2.08%	0.14%
Fox CorporationFOXA	CPAI +1.90 points	1.93%	0.03%
PBF Energy, Inc.PBF	CPAI +1.89 points	1.91%	0.02%
Kulicke & Soffa Industries, Inc.KLIC	CPAI +1.88 points	1.89%	<0.01%
Yelp, Inc.YELP	CPAI +1.87 points	1.87%	<0.01%
General Motors CompanyGM	CPAI +1.86 points	2.03%	0.17%
Astera Labs, Inc.ALAB	CPAI +1.85 points	1.89%	0.04%
HF Sinclair CorporationDINO	CPAI +1.83 points	1.88%	0.05%
Penn Entertainment, Inc.PENN	CPAI +1.80 points	1.80%	<0.01%
Marathon Petroleum CorporationMPC	CPAI +1.80 points	1.98%	0.18%
Conagra Brands, Inc.CAG	CPAI +1.80 points	1.81%	0.01%
HP, Inc.HPQ	CPAI +1.76 points	1.82%	0.06%
Hewlett Packard Enterprise CompanyHPE	CPAI +1.75 points	1.91%	0.16%
Ford Motor CompanyF	CPAI +1.74 points	1.84%	0.10%
Marvell Technology, Inc.MRVL	CPAI +1.65 points	1.77%	0.12%
Western Digital CorporationWDC	CPAI +1.51 points	1.75%	0.24%
Dell Technologies, Inc.DELL	CPAI +1.44 points	1.61%	0.17%
AT&T, Inc.T	CPAI +1.41 points	1.60%	0.19%
JetBlue Airways CorporationJBLU	CPAI +1.35 points	1.35%	<0.01%
Sandisk CorpSNDK	CPAI +1.22 points	1.49%	0.27%
Intel CorporationINTC	CPAI +1.18 points	1.66%	0.48%
Micron Technology, Inc.MU	CPAI +0.17 points	1.79%	1.62%

All 50 CPAI holdings⁠All 2,381 DFAU 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.

CPAI vs DFAU Cost

Overpaying CPAI vs DFAU

$11,962

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

CPAI 0.75%
$14,482
DFAU 0.12%
$2,520

Amount$10,000

Years30 years

Cost over time

CPAI 0.75%
DFAU 0.12%
Overpaying

Year by year

Year	CPAI	DFAU	Overpaying
10	$1,336	$220	$1,116
20	$5,078	$859	$4,219
30	$14,482	$2,520	$11,962

Expense ratio

0.75%CPAI
0.12%DFAU, cheaper

DFAU0.12%CPAI0.75%

0.00%2.89%

Middle half of US Active Equity funds
Median 0.68%

DFAU 4th cheapest of 121 funds

CPAI 72nd cheapest of 121 funds

CPAI vs DFAU Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CPAI 0.68%; DFAU 0.90%, better
Payout (12M): CPAI $0.36; DFAU $0.47
Last payment: CPAI $0.36; DFAU $0.12
Ex-dividend: CPAI Dec 12, 2025; DFAU Sep 22, 2026
Paid on: CPAI Dec 17, 2025; DFAU Sep 24, 2026
Frequency: CPAI Annual; DFAU Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

CPAIAnnual · 3 paymentsAll CPAI payments⁠

DFAUQuarterly · 24 paymentsAll DFAU payments⁠

CPAI vs DFAU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CPAI 16.6%since Dec 2023DFAU 12.4%
Return per unit of riskSharpe ratio, 3 years: CPAI 1.38since Dec 2023DFAU 1.38
Worst fallMax drawdown, 5 years: CPAI −21.5%since Nov 2023DFAU −23.6%
Market sensitivityBeta, 5 years: CPAI 1.08DFAU 1.01; Market = 1

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