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DFAC vs LQAI

Dimensional US Core Equity 2 ETF

DFACANYSE Arca

LG QRAFT AI-Powered U.S. Large Cap Core ETF

LQAIDNYSE Arca

Overlap

33.1%by weight

Expense ratio

DFAC −0.58pt a year

DFAC0.17%LQAI0.75%

Avg volume · 30D

DFAC 6302.3×the volume

DFAC2MLQAI318

DFAC vs LQAI Performance

Oct 31, 2025 – Oct 30, 2026

+16.1%DFAC+10.4%LQAI

Oct 31, 2025 to Oct 30, 2026. DFAC +16.1%. LQAI +10.4%. Use the arrow keys to read each point.−10%−5%0%5%20%Oct 2025Apr 2026Oct 2026
Expense ratio
DFAC 0.17%, better
LQAI 0.75%
Fund size
DFAC $87.7B
LQAI $2M
1Y total return
DFAC +16.1%, better
LQAI +10.4%
Yield (12M)
DFAC 0.88%
LQAI 0.90%, better
Holdings
DFAC 2553
LQAI 101
Avg volume (30D)
DFAC 2M sh, better
LQAI 318 sh
NAV per share
DFAC $44.87
LQAI $46.03
52W range

ETF.net Grade

DFAC: Cost 94, Risk 66, Mission 100, Tradability 87, Holdings 87, Durability 97. LQAI: Cost 36, Risk 35, Mission 48, Tradability 12, Holdings 75, Durability 32.
Pillar letters and Scores for DFAC, LQAI, with each pillar’s weight
PillarDFACLQAI
Cost30% weightA94HigherD36
Mission25% weightA100HigherC48
Risk15% weightB66HigherD35
Tradability15% weightA87HigherF12
Holdings10% weightA87HigherA75
Durability5% weightA97HigherD32

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 LQAI 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 LQAI 88th 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 88DFCUSPinnacle Focused Opportunities ETFScore 36
  6. Rank 88DLQAILG QRAFT AI-Powered U.S. Large Cap Core ETFScore 36
  7. Rank 88DNELSNelson Select ETFScore 36

Our read on each fund

ETF.net Research

DFACADimensional US Core Equity 2 ETF

LQAIDLG QRAFT AI-Powered U.S. Large Cap Core 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.

LQAI Stock picking by algorithm, not analyst. LQAI is an actively managed US large-cap fund whose AI process ranks names on value, momentum, quality and low volatility. Launched in 2023, and still small and lightly traded.

Stated mandate

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

LQAI The Fund seeks capital appreciation through an actively managed U.S. equity strategy enhanced by artificial intelligence.

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.
  • LQAI The AI is the product: an actively managed US large-cap portfolio built from value, momentum, quality and low-volatility signals rather than one single-factor bet.
  • The model's brief is in writing. The prospectus names the large-cap database it fishes in and the four factors it ranks on, even if the weightings stay proprietary.
  • Conventional plumbing: a registered 1940 Act US equity fund, no swap-based or offshore wrapper, with distributions paid quarterly.

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.
  • LQAI The 0.75% fee sits above the median for active US equity ETFs, and well above core options such as DFAU (0.12%) or AVLC (0.15%).
  • It is a small fund that trades thinly, so bid-ask spreads and order size matter more here than in the category's household names.
  • Launched in November 2023, so the AI process has a short live record next to peers that have traded through several market cycles.

Full DFAC profile⁠

Full LQAI profile⁠

DFAC vs LQAI Holdings

How DFAC and LQAI differ

Overlap by weight

33.1%

Shared holdings make up 86.1% of LQAI and 40.6% of DFAC.

Level by level

  • Holdings90 in both33.1%
  • Sector11 Sectors82.6%
  • Countryby domicile95.4%
  • Asset classEquity100%

Sector

Sector weights in DFAC and LQAI, widest gap first
SectorMore in DFACMore in LQAI
Consumer StaplesLQAI +9.5 points
IndustrialsDFAC +5.8 points
TechnologyLQAI +4.6 points
Health CareDFAC +4.3 points
FinancialsDFAC +4.1 points
MaterialsDFAC +2.3 points
EnergyLQAI +1.7 points
Consumer DiscretionaryDFAC +0.8 points
CommunicationLQAI +0.8 points
Real EstateLQAI +0.5 points
UtilitiesLQAI +0.2 points

Country, concentration and asset class

Country by domicile

Country weights in DFAC and LQAI, widest gap first
CountryMore in DFACMore in LQAI
CanadaLQAI +4.3 points
United StatesDFAC +3.9 points
Other countries (12)DFAC +0.3 points

Concentration

Weight in the 10 largest Holdings

  • DFAC26.4%
  • LQAI37.3%

Securities held

  • DFAC2,550
  • LQAI100

Asset class

DFAC
Equity
LQAI
Equity

Holdings

  • Only in DFAC2,460
  • In both90
  • Only in LQAI10

Only in DFAC

2,460 securities, 59.1% of DFAC by weight

  • JPMorgan Chase & Co Common Stock USD1.01.13%
  • Alphabet Inc Class C Common Stock USD.0010.91%
  • Johnson & Johnson Common Stock USD1.00.89%

Only in LQAI

10 securities, 12.7% of LQAI by weight

  • Space Exploration Technologies Corp3.90%
  • Vici Properties Inc1.84%
  • Brookfield Corp1.66%

Weight gaps

All 90 Holdings in both funds, largest gap first.

Holding weights in DFAC and LQAI, widest gap first
HoldingMore in DFACMore in LQAI
Sandisk Corp Common StockSNDKLQAI +3.78 points
Tesla Inc Common Stock USD.001TSLALQAI +3.22 points
Micron Technology Inc Common Stock USD.1MULQAI +3.20 points
Advanced Micro Devices Common Stock USD.01AMDLQAI +2.99 points
Intel Corp Common Stock USD.001INTCLQAI +2.32 points
Venture Global Inc Class A Common Stock USD.01VGLQAI +1.94 points
Huntington Bancshares Inc Common Stock USD.01HBANLQAI +1.78 points
Rocket Cos Inc Class A Common Stock USD.00001RKTLQAI +1.70 points

All 2,598 DFAC holdings⁠All 100 LQAI 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 LQAI Cost

Overpaying LQAI vs DFAC

$10,936

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

  • DFAC 0.17%

    $3,546

  • LQAI 0.75%

    $14,482

$10,000
30 years

Cost over time

  • DFAC 0.17%
  • LQAI 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530LQAI $14,482DFAC $3,546

Year by year

YearDFACLQAIOverpaying
10$310$1,336$1,026
20$1,211$5,078$3,867
30$3,546$14,482$10,936

Expense ratio

  • 0.17%DFAC, cheaper
  • 0.75%LQAI
  • Middle half of US Active Equity funds
  • Median 0.68%

DFAC 8th cheapest of 121 funds

LQAI 72nd cheapest of 121 funds

DFAC vs LQAI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DFAC 0.88%
LQAI 0.90%, better
Payout (12M)
DFAC $0.39
LQAI $0.40
Last payment
DFAC $0.10
LQAI $0.10
Ex-dividend
DFAC Sep 22, 2026
LQAI Sep 28, 2026
Paid on
DFAC Sep 24, 2026
LQAI Sep 30, 2026
Frequency
DFAC Quarterly
LQAI Quarterly

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$0.1020232026YTD
LQAIQuarterly · 12 paymentsAll LQAI payments⁠
One bar per payment. 12 payments from 2021 to 2026 YTD. Dec 26, 2023 $0.04; Mar 25, 2024 $0.05; Jun 24, 2024 $0.07; Sep 24, 2024 $0.05; Dec 30, 2024 $0.06; Mar 26, 2025 $0.12; Jun 26, 2025 $0.09; Sep 29, 2025 $0.11; Dec 30, 2025 $0.13; Mar 27, 2026 $0.09; Jun 26, 2026 $0.09; Sep 28, 2026 $0.10. Use the arrow keys to read each point.$0$0.1020232026YTD

DFAC vs LQAI 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%LQAI 15.1%since Dec 2023
Return per unit of riskSharpe ratio, 3 years
DFAC 1.32LQAI 1.07since Dec 2023
Worst fallMax drawdown, 5 years
DFAC −23.1%LQAI −21.2%since Nov 2023
Market sensitivityBeta, 5 years
DFAC 0.99LQAI 1.11

DFAC and LQAI in the news

All news⁠

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