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DFAC vs SPIT

Dimensional US Core Equity 2 ETF

DFACANYSE Arca

F/m Emerald Special Situations ETF

SPITDNasdaq

Overlap

Expense ratio

DFAC −0.73pt a year

DFAC0.17%SPIT0.90%

Avg volume · 30D

DFAC 347.3×the volume

DFAC2MSPIT5.77K

DFAC vs SPIT Performance

Oct 31, 2025 – Oct 30, 2026

+16.1%DFAC+10.0%SPIT

Oct 31, 2025 to Oct 30, 2026. DFAC +16.1%. SPIT +10.0%. Use the arrow keys to read each point.−10%0%30%Oct 2025Apr 2026Oct 2026
Expense ratio
DFAC 0.17%, better
SPIT 0.90%
Fund size
DFAC $87.7B
SPIT $32M
1Y total return
DFAC +16.1%, better
SPIT +10.0%
Yield (12M)
DFAC 0.88%
SPIT No data
Holdings
DFAC 2553
SPIT 45
Avg volume (30D)
DFAC 2M sh, better
SPIT 5.77K sh
NAV per share
DFAC $44.87
SPIT $28.94
52W range

ETF.net Grade

DFAC: Cost 94, Risk 66, Mission 100, Tradability 87, Holdings 87, Durability 97. SPIT: Cost 23, Risk 17, Mission not scored, Tradability 38, Holdings 75, Durability 23.
Pillar letters and Scores for DFAC, SPIT, with each pillar’s weight
PillarDFACSPIT
Cost30% weightA94HigherF23
Mission25% weightA100Not scored
Risk15% weightB66HigherF17
Tradability15% weightA87HigherD38
Holdings10% weightA87HigherA75
Durability5% weightA97HigherF23

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 SPIT 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 SPIT 104th 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 104DFFFFounders 100 ETFScore 31
  6. Rank 104DSPITF/m Emerald Special Situations ETFScore 31
  7. Rank 104DTIMEClockwise U.S. Core Equity ETFScore 31

Our read on each fund

ETF.net Research

DFACADimensional US Core Equity 2 ETF

SPITDF/m Emerald Special Situations 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.

SPIT Event-driven stock picking in an ETF wrapper: spin-offs, recapitalizations, transformational M&A, new bosses in the corner office. Benchmark-agnostic, any market cap, concentrated, and priced like the active mandate it is at 0.90%.

Stated mandate

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

SPIT The Fund seeks long-term growth through capital appreciation and primarily invests in equity securities of companies undergoing unique, idiosyncratic situations or transformations, including mergers, reorganizations, and other unusual issuer-specific events.

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.
  • SPIT Hunts catalysts, not sectors: spin-offs, divestitures, recapitalizations, transformational mergers and leadership changes, with at least 80% of assets in such special situations.emeraldetfs.com
  • Benchmark-agnostic and sector-agnostic by design, across market caps, so the portfolio is not anchored to mega-cap index weights.businesswire.com
  • Sub-advised by Emerald's Lancaster, Pennsylvania team, which has managed client money since 1992, under F/m Investments as adviser.businesswire.comnasdaqtrader.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.
  • SPIT At 0.90% it sits above the typical US active equity fund, with no fee waiver; index-tracking peers like DFAU (0.12%) and AVLC (0.15%) cost far less.
  • Launched October 2025, so the live record is short, and it has stayed small and lightly traded so far; spreads can run wider than on giant index funds.
  • Concentrated and catalyst-driven: single names swing results, and the issuer frames it as a satellite 'gas pedal' rather than a core holding.businesswire.comyahoo.com

Full DFAC profile⁠

Full SPIT profile⁠

DFAC vs SPIT 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 SPIT Cost

Overpaying SPIT vs DFAC

$13,494

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

  • DFAC 0.17%

    $3,546

  • SPIT 0.90%

    $17,040

$10,000
30 years

Cost over time

  • DFAC 0.17%
  • SPIT 0.90%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SPIT $17,040DFAC $3,546

Year by year

YearDFACSPITOverpaying
10$310$1,593$1,283
20$1,211$6,015$4,804
30$3,546$17,040$13,494

Expense ratio

  • 0.17%DFAC, cheaper
  • 0.90%SPIT
  • Middle half of US Active Equity funds
  • Median 0.68%

DFAC 8th cheapest of 121 funds

SPIT 94th cheapest of 121 funds

DFAC vs SPIT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DFAC 0.88%
SPIT No data
Payout (12M)
DFAC $0.39
SPIT No data
Last payment
DFAC $0.10
SPIT $1.86
Ex-dividend
DFAC Sep 22, 2026
SPIT Nov 13, 2025
Paid on
DFAC Sep 24, 2026
SPIT Nov 14, 2025
Frequency
DFAC Quarterly
SPIT Irregular

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$220232026YTD
SPITIrregular · 1 paymentAll SPIT payments⁠
One bar per payment. 1 payment from 2021 to 2026 YTD. Nov 13, 2025 $1.86. Use the arrow keys to read each point.$0$220232026YTD

DFAC vs SPIT 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%SPIT 25.0%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
DFAC 1.32SPIT 0.34since Nov 2025
Worst fallMax drawdown, 5 years
DFAC −23.1%SPIT −19.5%since Oct 2025
Market sensitivityBeta, 5 years
DFAC 0.99SPIT 1.47

DFAC and SPIT in the news

All news⁠

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