CVAR vs DFAU: Grades, Fees and Holdings Compared

Cultivar ETF

CVARCCboe

Dimensional US Core Equity Market ETF

DFAUANYSE Arca

Overlap

4.2%by weight

Expense ratio

DFAU −0.75pt a year

CVAR0.87%DFAU0.12%

Avg volume · 30D

DFAU 307.5×the volume

CVAR1.8KDFAU555K

3Y return · a year

DFAU +6.2pt

CVAR+16.7%DFAU+22.9%

CVAR vs DFAU Performance

Oct 31, 2025 – Oct 30, 2026

+17.3%CVAR+13.2%DFAU

Expense ratio: CVAR 0.87%; DFAU 0.12%, better
Fund size: CVAR $47M; DFAU $12.9B
1Y total return: CVAR +17.3%, better; DFAU +13.2%
Yield (12M): CVAR 1.34%, better; DFAU 0.90%
Holdings: CVAR 88; DFAU 2165
Avg volume (30D): CVAR 1.8K sh; DFAU 555K sh, better
NAV per share: CVAR $32.08; DFAU $52.28
52W range

ETF.net Grade

Pillar letters and Scores for CVAR, DFAU, with each pillar’s weight
Pillar	CVAR	DFAU
Cost30% weight	D25	A97Higher
Mission25% weight	Not scored	A83
Risk15% weight	A72Higher	B65
Tradability15% weight	F21	A87Higher
Holdings10% weight	A74	A84Higher
Durability5% weight	D37	A91Higher

Rank among US Active Equity funds

How we build Categories ›

Same Category. CVAR 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 CVAR 81st 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 81DBRESBurney U.S. Equity Select ETFScore 40
Rank 81CCVARCultivar ETFScore 40
Rank 81CUSFEFirst Eagle US Equity ETFScore 40

Our read on each fund

ETF.net Research

CVARCCultivar ETF

DFAUADimensional US Core Equity Market ETF

In short

CVAR No data

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

CVAR No data

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

CVAR No data

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

CVAR No data

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 CVAR profile⁠

Full DFAU profile⁠

CVAR vs DFAU Holdings

How CVAR and DFAU differ

Overlap by weight

4.2%

Shared holdings make up 75.4% of CVAR and 4.2% of DFAU.

Level by level

Holdings61 in both4.2%
Sector11 Sectors60.7%
Countryby domicile89.8%
Asset classEquity100%

Sector

Sector weights in CVAR and DFAU, widest gap first
Sector	More in CVARMore in DFAU	CVAR	DFAU
Health Care	CVAR +18.0 points	27.7%	9.7%
Technology	DFAU +16.4 points	20.2%	36.6%
Financials	DFAU +9.0 points	3.9%	12.9%
Consumer Staples	CVAR +8.9 points	13.6%	4.7%
Real Estate	CVAR +6.9 points	7.0%	0.1%
Consumer Discretionary	DFAU +6.6 points	2.8%	9.4%
Communication	DFAU +6.5 points	1.5%	8.0%
Materials	CVAR +2.8 points	5.5%	2.7%
Utilities	CVAR +2.7 points	4.8%	2.1%
Industrials	DFAU +0.8 points	8.1%	8.9%
Energy	Same weight	4.9%	4.9%

Country, concentration and asset class

Country by domicile

Country weights in CVAR and DFAU, widest gap first
Country	More in CVARMore in DFAU	CVAR	DFAU
United States	DFAU +9.6 points	89.7%	99.3%
Canada	CVAR +3.2 points	3.2%	0.0%
France	CVAR +1.8 points	1.8%	0.0%
Israel	CVAR +1.8 points	1.8%	0.0%
Norway	CVAR +1.0 points	1.0%	0.0%
United Kingdom	CVAR +1.0 points	1.1%	0.1%
Germany	CVAR +0.8 points	0.8%	0.0%
India	CVAR +0.6 points	0.6%	0.0%
Other countries (8)	DFAU +0.6 points	0.0%	0.6%

Concentration

Weight in the 10 largest Holdings

CVAR30.3%
DFAU33.4%

Securities held

CVAR87
DFAU2,164

Asset class

CVAR: Equity
DFAU: Equity

Holdings

Only in CVAR26
In both61
Only in DFAU2,103

Only in CVAR

26 securities, 24.6% of CVAR by weight

Wi Treasury Bond3.11%
Us Treasury N/B 05/54 4.6252.81%
Dassault Systemes S-Spon Adr1.65%
Alexandria Real Estate Equitie1.59%
Zoetis Inc1.45%
Check Point Software Technologies Ltd.1.08%
Weyerhaeuser Co0.99%
Barrick Mining Corp.0.99%
Bp Plc-Spons Adr0.92%
Equinor Asa-Spon Adr0.88%
Crown Castle Intl Corp0.88%
Nutrien Ltd Common Stock0.87%
Canadian Natl Railway Co0.84%
Wiley (John) & Sons-Class A0.81%
Rayonier Inc0.75%
Marzetti Company0.67%
Fresenius Medical Care-Adr0.66%
Douglas Emmett Inc0.55%
Piedmont Office Realty Tru-A0.53%
Cubesmart0.51%
Ltc Properties Inc0.49%
Costar Group Inc0.44%
Inogen Inc0.43%
Nice Ltd - Spon Adr0.37%
Empire State Realty Trust-A0.22%
Fmc Corp0.14%

Only in DFAU

2,103 securities, 95.8% 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%
Micron Technology Inc.1.62%
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%
Intel Corp0.48%
Coca Cola Co.0.46%
Home Depot Inc0.46%
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%
Sandisk Corp/De0.27%

Weight gaps

All 61 Holdings in both funds, largest gap first.

Holding weights in CVAR and DFAU, widest gap first
Holding	More in CVARMore in DFAU	CVAR	DFAU
Healthcare Services GroupHCSG	CVAR +2.60 points	2.60%	<0.01%
Paycom Software IncPAYC	CVAR +2.39 points	2.40%	<0.01%
Kimberly-Clark CorpKMB	CVAR +2.34 points	2.41%	0.07%
Veeva Systems Inc-Class AVEEV	CVAR +2.17 points	2.23%	0.06%
Skyworks Solutions IncSWKS	CVAR +1.91 points	1.94%	0.03%
Core Laboratories N.v.CLB	CVAR +1.87 points	1.87%	<0.01%
Humana IncHUM	CVAR +1.77 points	1.84%	0.07%
Dollar Gen Corp NewDG	CVAR +1.70 points	1.75%	0.05%
Lamb WestonLW	CVAR +1.60 points	1.61%	<0.01%
Intuit IncINTU	CVAR +1.60 points	1.63%	0.03%
Accenture Plc-Cl AACN	CVAR +1.58 points	1.75%	0.17%
Biogen IncBIIB	CVAR +1.50 points	1.56%	0.06%
Northwest Natural Holding CoNWN	CVAR +1.46 points	1.46%	<0.01%
Eversource EnergyES	CVAR +1.38 points	1.42%	0.04%
Global Payments IncGPN	CVAR +1.27 points	1.31%	0.04%
Tyler Technologies IncTYL	CVAR +1.25 points	1.26%	0.01%
Proto Labs IncPRLB	CVAR +1.20 points	1.20%	<0.01%
Hershey Co/TheHSY	CVAR +1.20 points	1.24%	0.04%
Factset Research Systems IncFDS	CVAR +1.13 points	1.15%	0.02%
Ingredion Inc Common Stock USD 0.01INGR	CVAR +1.08 points	1.09%	0.01%
J M Smucker Co COM STK NPVSJM	CVAR +1.06 points	1.09%	0.03%
Salesforce.com IncCRM	CVAR +1.05 points	1.29%	0.24%
Copart IncCPRT	CVAR +1.04 points	1.05%	0.01%
Jack HenryJKHY	CVAR +1.03 points	1.05%	0.02%
Adobe Systems IncADBE	CVAR +1.03 points	1.14%	0.11%
York Water CoYORW	CVAR +1.00 points	1.00%	<0.01%
Agilent Technologies IncA	CVAR +0.99 points	1.08%	0.09%
Nike Inc -Cl BNKE	CVAR +0.99 points	1.02%	0.03%
Medtronic PLCMDT	CVAR +0.95 points	1.10%	0.15%
Tyson Foods Inc-Cl ATSN	CVAR +0.89 points	0.92%	0.03%
Southwest Airlines CoLUV	CVAR +0.89 points	0.93%	0.04%
Zimmer Biomet Holdings IncZBH	CVAR +0.88 points	0.91%	0.03%
Newmont Goldcorp Corporation ComNEM	CVAR +0.87 points	1.05%	0.18%
Edwards Lifesciences CorpEW	CVAR +0.85 points	0.93%	0.08%
Regeneron PharmaceuticalsREGN	CVAR +0.85 points	0.98%	0.13%
PayPal Holdings IncPYPL	CVAR +0.85 points	0.94%	0.09%
Cvs Health CorpCVS	CVAR +0.84 points	0.98%	0.14%
Albemarle CorpALB	CVAR +0.84 points	0.86%	0.02%
Portland General Electric Co.POR	CVAR +0.82 points	0.83%	<0.01%
Independent Bank Corp/MaINDB	CVAR +0.81 points	0.82%	<0.01%
UnitedHealth Group IncUNH	CVAR +0.82 points	1.22%	0.40%
AO Smith CorpAOS	CVAR +0.78 points	0.79%	0.01%
Amdocs LtdDOX	CVAR +0.73 points	0.74%	<0.01%
Manhattan Associates IncMANH	CVAR +0.64 points	0.66%	0.02%
Perrigo PLCPRGO	CVAR +0.64 points	0.64%	<0.01%
Cognizant Tech Solutions-ACTSH	CVAR +0.64 points	0.69%	0.05%
Halliburton CoHAL	CVAR +0.60 points	0.65%	0.05%
Lululemon Athletica IncLULU	CVAR +0.60 points	0.60%	<0.01%
Pfizer IncPFE	CVAR +0.57 points	0.76%	0.19%
Advance Auto Parts IncAAP	CVAR +0.53 points	0.54%	<0.01%
Target CorpTGT	CVAR +0.50 points	0.65%	0.15%
Genpact LimitedG	CVAR +0.49 points	0.50%	0.01%
Cognex CorpCGNX	CVAR +0.46 points	0.48%	0.02%
Lockheed Martin CorpLMT	CVAR +0.43 points	0.63%	0.20%
United Parcel Service-Cl BUPS	CVAR +0.42 points	0.55%	0.13%
Comcast Corp-Class ACMCSA	CVAR +0.41 points	0.46%	0.05%
Bristol-Myers Squibb CoBMY	CVAR +0.36 points	0.57%	0.21%
Monro Inc.MNRO	CVAR +0.31 points	0.31%	<0.01%
Archer-Daniels-Midland CoADM	CVAR +0.28 points	0.34%	0.06%
Gartner IncIT	CVAR +0.27 points	0.27%	<0.01%
Thermo Fisher Scientific IncTMO	CVAR +0.26 points	0.53%	0.27%

All 88 CVAR 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.

CVAR vs DFAU Cost

Overpaying CVAR vs DFAU

$14,016

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

CVAR 0.87%
$16,536
DFAU 0.12%
$2,520

Amount$10,000

Years30 years

Cost over time

CVAR 0.87%
DFAU 0.12%
Overpaying

Year by year

Year	CVAR	DFAU	Overpaying
10	$1,542	$220	$1,322
20	$5,830	$859	$4,971
30	$16,536	$2,520	$14,016

Expense ratio

0.87%CVAR
0.12%DFAU, cheaper

DFAU0.12%CVAR0.87%

0.00%2.89%

Middle half of US Active Equity funds
Median 0.68%

DFAU 4th cheapest of 121 funds

CVAR 90th cheapest of 121 funds

CVAR vs DFAU Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CVAR 1.34%, better; DFAU 0.90%
Payout (12M): CVAR $0.43; DFAU $0.47
Last payment: CVAR $0.43; DFAU $0.12
Ex-dividend: CVAR Dec 24, 2025; DFAU Sep 22, 2026
Paid on: CVAR No data; DFAU Sep 24, 2026
Frequency: CVAR Annual; DFAU Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

CVARAnnual · 4 paymentsAll CVAR payments⁠

DFAUQuarterly · 24 paymentsAll DFAU payments⁠

CVAR vs DFAU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CVAR 13.6%DFAU 12.4%, better
Return per unit of riskSharpe ratio, 3 years: CVAR 0.88DFAU 1.38, better
Worst fallMax drawdown, 5 years: CVAR −19.4%since Dec 2021DFAU −23.6%
Market sensitivityBeta, 5 years: CVAR 0.62DFAU 1.01; Market = 1

Popular comparisons

CVARCvsAVLCA
Cultivar ETF · Avantis U.S. Large Cap Equity ETF
Expense ratio
0.87% · 0.15%
Category
DFAUAvsAVLCA
Dimensional US Core Equity Market ETF · Avantis U.S. Large Cap Equity ETF
Expense ratio
0.12% · 0.15%
Category
CVARCvsDFACA
Cultivar ETF · Dimensional US Core Equity 2 ETF
Expense ratio
0.87% · 0.17%
Category
DFAUAvsDFACA
Dimensional US Core Equity Market ETF · Dimensional US Core Equity 2 ETF
Expense ratio
0.12% · 0.17%
Category
CVARCvsDYNFA
Cultivar ETF · iShares U.S. Equity Factor Rotation Active ETF
Expense ratio
0.87% · 0.26%
Category
DFAUAvsDYNFA
Dimensional US Core Equity Market ETF · iShares U.S. Equity Factor Rotation Active ETF
Expense ratio
0.12% · 0.26%
Category