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DFAC vs GGM

Dimensional US Core Equity 2 ETF

DFACANYSE Arca

GGM Macro Alignment ETF

GGMDNYSE Arca

Overlap

0.0%by weight

Expense ratio

DFAC −0.77pt a year

DFAC0.17%GGM0.94%

Avg volume · 30D

DFAC 1379.3×the volume

DFAC2MGGM1.45K

3Y return · a year

DFAC +13.5pt

DFAC+21.1%GGM+7.6%

DFAC vs GGM Performance

Oct 31, 2025 – Nov 2, 2026

+15.9%DFAC+7.8%GGM

Oct 31, 2025 to Nov 2, 2026. DFAC +15.9%. GGM +7.8%. Use the arrow keys to read each point.−5%0%5%20%Oct 2025May 2026Nov 2026
Expense ratio
DFAC 0.17%, better
GGM 0.94%
Fund size
DFAC $87.6B
GGM $20M
1Y total return
DFAC +15.9%, better
GGM +7.8%
Yield (12M)
DFAC 0.88%
GGM 1.45%, better
Holdings
DFAC 2550
GGM 5
Avg volume (30D)
DFAC 2M sh, better
GGM 1.45K sh
NAV per share
DFAC $44.79
GGM $29.99
52W range

ETF.net Grade

DFAC: Cost 94, Risk 66, Mission 100, Tradability 86, Holdings 87, Durability 97. GGM: Cost 20, Risk 45, Mission not scored, Tradability 16, Holdings 23, Durability 26.
Pillar letters and Scores for DFAC, GGM, with each pillar’s weight
PillarDFACGGM
Cost30% weightA94HigherF20
Mission25% weightA100Not scored
Risk15% weightB66HigherC45
Tradability15% weightA86HigherF16
Holdings10% weightA87HigherF23
Durability5% weightA97HigherD26

Rank among US Active Equity funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DFAC and GGM 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 GGM 111th of 121 funds in the US Active Equity Category.

  1. Rank 1AAVLCAvantis U.S. Large Cap Equity ETFScore 87
  2. Rank 2ADFAUDimensional US Core Equity Market ETFScore 86
  3. Rank 3ADFACDimensional US Core Equity 2 ETFScore 85
  4. Rank 4ADYNFiShares U.S. Equity Factor Rotation Active ETFScore 83
  5. Rank 110DRHRXAdaptive Tactical Rotation ETFScore 27
  6. Rank 111DGGMGGM Macro Alignment ETFScore 25
  7. Rank 112FAVRYAvory Foundational ETFScore 23

Our read on each fund

ETF.net Research

DFACADimensional US Core Equity 2 ETF

GGMDGGM Macro Alignment ETF

In short

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.

GGM Think of the economy as having seasons. GGM is an actively managed fund-of-funds that dresses for the current one, shifting among sector and style ETFs as the macro picture changes, all inside a single ticker.

Stated mandate

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

GGM The Fund seeks long-term capital appreciation.

Why people hold it

  • 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.
  • GGM One ticker, one decision. The manager handles the sector and style rotation, moving the mix as the economic climate shifts rather than leaving the timing calls to you.ggmetf.com
  • Exposure comes from baskets, not single names: broad sector, sub-sector and style ETFs are the building blocks, so no one stock can wreck a quarter.usnews.comggmetf.com
  • The tilts come from a process, not a hunch. The team maps and measures economic variables, then aligns the portfolio with what those readings say about the current climate.ggmetf.com

Worth knowing

  • 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.
  • GGM At 0.94%, the fee runs above the typical active US equity ETF, and core peers like DFAU and FELC charge a fraction of it. A fund-of-funds also carries its underlying ETFs' costs.usnews.com
  • A small fund that trades lightly. Spreads can be wider than at big-name peers, and sizeable orders may need patience.
  • Launched in 2023, so the full economic cycle this strategy is built around is still in progress.ggmetf.com

Full DFAC profile⁠

Full GGM profile⁠

DFAC vs GGM Holdings

How DFAC and GGM differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of DFAC and 0.0% of GGM.

Level by level

  • Holdings0 in both0.0%
  • Sector11 Sectors60.8%
  • Countryby domicile99.1%
  • Asset classEquity100%

Sector

Sector weights in DFAC and GGM, widest gap first
SectorMore in DFACMore in GGM
EnergyGGM +17.0 points
MaterialsGGM +14.1 points
TechnologyDFAC +13.5 points
FinancialsDFAC +11.3 points
IndustrialsGGM +7.5 points
Health CareDFAC +5.1 points
CommunicationDFAC +3.2 points
Consumer StaplesDFAC +3.1 points
Consumer DiscretionaryDFAC +2.1 points
UtilitiesDFAC +1.0 points
Real EstateGGM +0.4 points

Country, concentration and asset class

Country by domicile

Country weights in DFAC and GGM, widest gap first
CountryMore in DFACMore in GGM
United StatesGGM +0.5 points
TaiwanGGM +0.4 points
SwitzerlandDFAC +0.3 points
United KingdomDFAC +0.2 points
MexicoDFAC +0.2 points
ChinaSame weight
Hong KongGGM +0.1 points
IrelandDFAC +0.1 points
Other countries (7)DFAC +0.2 points

Concentration

Weight in the 10 largest Holdings

  • DFAC26.2%
  • GGM100.1%

Securities held

  • DFAC2,548
  • GGM5

Asset class

DFAC
Equity
GGM
Equity

Holdings

  • Only in DFAC2,548
  • In both0
  • Only in GGM5

Only in DFAC

2,548 securities, 99.7% of DFAC by weight

  • Apple Inc Common Stock USD.000015.79%
  • NVIDIA Corp Common Stock USD.0015.26%
  • Microsoft Corp Common Stock USD.000006254.78%

Only in GGM

5 securities, 100% of GGM by weight

  • Ss Spdr Sp Semic20.59%
  • Spdr S&P Met & M20.30%
  • Ss Energy Select19.92%

Weight gaps

DFAC and GGM share no securities.

All 2,598 DFAC holdings⁠All GGM 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.

DFAC vs GGM Cost

Overpaying GGM vs DFAC

$14,158

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

  • DFAC 0.17%

    $3,546

  • GGM 0.94%

    $17,704

$10,000
30 years

Cost over time

  • DFAC 0.17%
  • GGM 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GGM $17,704DFAC $3,546

Year by year

YearDFACGGMOverpaying
10$310$1,661$1,351
20$1,211$6,260$5,049
30$3,546$17,704$14,158

Expense ratio

  • 0.17%DFAC, cheaper
  • 0.94%GGM
  • Middle half of US Active Equity funds
  • Median 0.68%

DFAC 8th cheapest of 121 funds

GGM 98th cheapest of 121 funds

DFAC vs GGM Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
DFAC 0.88%
GGM 1.45%, better
Payout (12M)
DFAC $0.39
GGM $0.43
Last payment
DFAC $0.10
GGM $0.43
Ex-dividend
DFAC Sep 22, 2026
GGM Dec 26, 2025
Paid on
DFAC Sep 24, 2026
GGM Jan 5, 2026
Frequency
DFAC Quarterly
GGM Annual

Distribution history

Per share, 2021 to 2026, same scale for both

DFACQuarterly · 22 paymentsAll DFAC payments⁠
One bar per payment. 22 payments from 2021 to 2026 YTD. Jun 22, 2021 $0.06; Sep 21, 2021 $0.08; Dec 16, 2021 $0.11; Mar 22, 2022 $0.06; Jun 22, 2022 $0.09; Sep 20, 2022 $0.09; Dec 20, 2022 $0.12; Mar 21, 2023 $0.06; Jun 21, 2023 $0.09; Sep 19, 2023 $0.10; Dec 19, 2023 $0.10; Mar 19, 2024 $0.07; Jun 18, 2024 $0.10; Sep 17, 2024 $0.09; Dec 17, 2024 $0.10; Mar 25, 2025 $0.08; Jun 24, 2025 $0.11; Sep 23, 2025 $0.11; Dec 16, 2025 $0.09; Mar 24, 2026 $0.10; Jun 23, 2026 $0.11; Sep 22, 2026 $0.10. Use the arrow keys to read each point.$0$0.5020232026YTD
GGMAnnual · 3 paymentsAll GGM payments⁠
One bar per payment. 3 payments from 2021 to 2026 YTD. Dec 26, 2023 $0.13; Dec 26, 2024 $0.38; Dec 26, 2025 $0.43. Use the arrow keys to read each point.$0$0.5020232026YTD

DFAC vs GGM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DFAC 12.6%GGM 11.3%, better
Return per unit of riskSharpe ratio, 3 years
DFAC 1.32, betterGGM 0.42
Worst fallMax drawdown, 5 years
DFAC −23.1%GGM −19.7%since Sep 2023
Market sensitivityBeta, 5 years
DFAC 0.99GGM 0.58

DFAC and GGM in the news

All news⁠

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