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DFAC vs TEXX

Dimensional US Core Equity 2 ETF

DFACANYSE Arca

Horizon Kinetics Texas ETF

TEXXDNasdaq

Overlap

Expense ratio

DFAC −0.68pt a year

DFAC0.17%TEXX0.85%

Avg volume · 30D

DFAC 2701.0×the volume

DFAC2MTEXX742

DFAC vs TEXX Performance

Jul 31, 2026 – Nov 2, 2026

+0.9%DFAC−0.5%TEXX

Jul 31, 2026 to Nov 2, 2026. DFAC +0.9%. TEXX −0.5%. Use the arrow keys to read each point.−4%−2%2%4%Jul 2026Sep 2026Nov 2026
Expense ratio
DFAC 0.17%, better
TEXX 0.85%
Fund size
DFAC $87.6B
TEXX $3M
1Y total return
DFAC +15.9%
TEXX No data
Yield (12M)
DFAC 0.88%
TEXX No data
Holdings
DFAC 2550
TEXX 36
Avg volume (30D)
DFAC 2M sh, better
TEXX 742 sh
NAV per share
DFAC $44.79
TEXX $29.51
52W range

ETF.net Grade

DFAC: Cost 94, Risk 66, Mission 100, Tradability 86, Holdings 87, Durability 97. TEXX: Cost 28, Risk 68, Mission not scored, Tradability 4, Holdings 43, Durability 34.
Pillar letters and Scores for DFAC, TEXX, with each pillar’s weight
PillarDFACTEXX
Cost30% weightA94HigherD28
Mission25% weightA100Not scored
Risk15% weightB66B68Higher
Tradability15% weightA86HigherF4
Holdings10% weightA87HigherC43
Durability5% weightA97HigherD34

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 TEXX 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 TEXX 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 98DSNAVMohr Sector Nav ETFScore 33
  6. Rank 98DTEXXHorizon Kinetics Texas ETFScore 33
  7. Rank 98DWBILWBI BullBear Quality 3000 ETFScore 33

Our read on each fund

ETF.net Research

DFACADimensional US Core Equity 2 ETF

TEXXDHorizon Kinetics Texas 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.

TEXX Texas, hand-picked. Horizon Kinetics runs its state fund actively and non-diversified, leaning on its own value and real-asset research across oil, gas and land instead of screening for a headquarters address.

Stated mandate

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

TEXX The Fund seeks long-term growth of capital.

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.
  • TEXX Stock-picked, not screened: at least 80% of net assets go to Texas companies chosen by Horizon Kinetics, with position sizes set by conviction rather than index weights.horizonkinetics.comyahoo.com
  • A house style you can read in advance: the seventh active ETF Horizon Kinetics has launched since 2021, from a shop that describes its process as long-term, fundamentals-based and value-oriented.yahoo.com
  • The portfolio's center of gravity is oil and gas exploration and production, so it tracks the Permian engine more closely than a broad slice of the Texas economy.

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.
  • TEXX Costs 0.85% a year against a 0.65% median for active US equity ETFs in its peer group. The stock picking carries that gap.
  • Non-diversified and single-state, with an energy lean, so moves can run sharper in both directions than a broad US equity fund.yahoo.comusnews.com
  • Launched in 2026: short track record, small asset base, light trading that can widen bid-ask spreads, and a growth-of-capital mandate rather than an income one.

Full DFAC profile⁠

Full TEXX profile⁠

DFAC vs TEXX 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 TEXX Cost

Overpaying TEXX vs DFAC

$12,653

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

  • DFAC 0.17%

    $3,546

  • TEXX 0.85%

    $16,199

$10,000
30 years

Cost over time

  • DFAC 0.17%
  • TEXX 0.85%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TEXX $16,199DFAC $3,546

Year by year

YearDFACTEXXOverpaying
10$310$1,508$1,198
20$1,211$5,706$4,495
30$3,546$16,199$12,653

Expense ratio

  • 0.17%DFAC, cheaper
  • 0.85%TEXX
  • Middle half of US Active Equity funds
  • Median 0.68%

DFAC 8th cheapest of 121 funds

TEXX 85th cheapest of 121 funds

DFAC vs TEXX Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
DFAC 0.88%
TEXX No data
Payout (12M)
DFAC $0.39
TEXX None
Last payment
DFAC $0.10
TEXX No data
Ex-dividend
DFAC Sep 22, 2026
TEXX No data
Paid on
DFAC Sep 24, 2026
TEXX No data
Frequency
DFAC Quarterly
TEXX No data

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
TEXXAll TEXX payments⁠

No distribution history available.

DFAC vs TEXX 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%TEXX No data
Return per unit of riskSharpe ratio, 3 years
DFAC 1.32TEXX No data
Worst fallMax drawdown, 5 years
DFAC −23.1%TEXX No data
Market sensitivityBeta, 5 years
DFAC 0.99TEXX −0.03

DFAC and TEXX in the news

All news⁠

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