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DFAC vs KONG

Dimensional US Core Equity 2 ETF

DFACANYSE Arca

Formidable Fortress ETF

KONGDCboe

Overlap

Expense ratio

DFAC −0.72pt a year

DFAC0.17%KONG0.89%

Avg volume · 30D

DFAC 1986.3×the volume

DFAC2MKONG1.01K

5Y return · a year

DFAC +5.8pt

DFAC+10.8%KONG+5.0%

DFAC vs KONG Performance

Nov 2, 2021 – Nov 2, 2026

+67.2%DFAC+27.5%KONG

Nov 2, 2021 to Nov 2, 2026. DFAC +67.2%. KONG +27.5%. Use the arrow keys to read each point.−20%0%40%Nov 2021May 2024Nov 2026
Expense ratio
DFAC 0.17%, better
KONG 0.89%
Fund size
DFAC $87.6B
KONG $22M
1Y total return
DFAC +15.9%, better
KONG +6.3%
Yield (12M)
DFAC 0.88%, better
KONG 0.35%
Holdings
DFAC 2550
KONG 35
Avg volume (30D)
DFAC 2M sh, better
KONG 1.01K sh
NAV per share
DFAC $44.79
KONG $31.88
52W range

ETF.net Grade

DFAC: Cost 94, Risk 66, Mission 100, Tradability 86, Holdings 87, Durability 97. KONG: Cost 23, Risk 57, Mission not scored, Tradability 12, Holdings 56, Durability 46.
Pillar letters and Scores for DFAC, KONG, with each pillar’s weight
PillarDFACKONG
Cost30% weightA94HigherF23
Mission25% weightA100Not scored
Risk15% weightB66HigherB57
Tradability15% weightA86HigherF12
Holdings10% weightA87HigherB56
Durability5% weightA97HigherC46

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 KONG 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 KONG 98th 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 98DAESRAnfield U.S. Equity Sector Rotation ETFScore 33
  6. Rank 98DKONGFormidable Fortress ETFScore 33
  7. Rank 98DSNAVMohr Sector Nav ETFScore 33

Our read on each fund

ETF.net Research

DFACADimensional US Core Equity 2 ETF

KONGDFormidable Fortress 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.

KONG An actively run book of roughly 60 large- and mid-cap stocks plus REITs, with an options and volatility toolkit written into the mandate. The name is the pitch: pick the companies first, keep hedging instruments on the shelf.

Stated mandate

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

KONG The Fund seeks total return through income and 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.
  • KONG Concentrated on purpose: about 60 large- and mid-cap names plus REITs, chosen by a manager rather than copied from an index.usnews.com
  • The mandate allows options and volatility-linked ETFs and ETNs, so risk can be shaped with derivatives instead of only by trimming stock exposure.yahoo.comusnews.com
  • Listed in 2021, so the approach has a multi-year run through live markets, including a full bear stretch, not a backtest.
  • One mandate, two jobs: it targets total return from both income and capital appreciation, so dividends and REIT payouts are part of the plan.

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.
  • KONG At 0.89% a year it sits above the typical active US equity fund's 0.65%, and systematic peers like DFAU (0.12%) and AVLC (0.15%) charge a fraction of it.
  • A small fund that trades thinly, so spreads can run wider than in the category's giants and order size matters more.
  • Non-diversified with a compact holdings list, so single positions carry real weight, and distributions land once or twice a year rather than monthly.yahoo.com

Full DFAC profile⁠

Full KONG profile⁠

DFAC vs KONG 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 KONG Cost

Overpaying KONG vs DFAC

$13,326

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

  • DFAC 0.17%

    $3,546

  • KONG 0.89%

    $16,872

$10,000
30 years

Cost over time

  • DFAC 0.17%
  • KONG 0.89%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530KONG $16,872DFAC $3,546

Year by year

YearDFACKONGOverpaying
10$310$1,576$1,266
20$1,211$5,953$4,742
30$3,546$16,872$13,326

Expense ratio

  • 0.17%DFAC, cheaper
  • 0.89%KONG
  • Middle half of US Active Equity funds
  • Median 0.68%

DFAC 8th cheapest of 121 funds

KONG 92nd cheapest of 121 funds

DFAC vs KONG Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
DFAC 0.88%, better
KONG 0.35%
Payout (12M)
DFAC $0.39
KONG $0.11
Last payment
DFAC $0.10
KONG $0.11
Ex-dividend
DFAC Sep 22, 2026
KONG Dec 24, 2025
Paid on
DFAC Sep 24, 2026
KONG Dec 26, 2025
Frequency
DFAC Quarterly
KONG 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$0.2520232026YTD
KONGAnnual · 5 paymentsAll KONG payments⁠
One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 27, 2021 $0.03; Dec 27, 2022 $0.12; Dec 26, 2023 $0.18; Dec 24, 2024 $0.22; Dec 24, 2025 $0.11. Use the arrow keys to read each point.$0$0.2520232026YTD

DFAC vs KONG Risk

Fall from peak · 5 years

  • DFAC
  • KONG
Nov 2, 2021 to Nov 2, 2026. Worst fall: DFAC −23.1% · Sep 2022. Use the arrow keys to read each point.−20%−15%−10%−5%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DFAC 12.6%KONG 9.8%, better
Return per unit of riskSharpe ratio, 3 years
DFAC 1.32, betterKONG 0.54
Worst fallMax drawdown, 5 years
DFAC −23.1%KONG −18.4%, better
Market sensitivityBeta, 5 years
DFAC 0.99KONG 0.59

DFAC and KONG in the news

All news⁠

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