Skip to content
etf.net

DFAC vs VPX

Dimensional US Core Equity 2 ETF

DFACANYSE Arca

Variant Perception Cycle Aware US Equity ETF

VPXCNYSE Arca

Overlap

Expense ratio

DFAC −0.58pt a year

DFAC0.17%VPX0.75%

Avg volume · 30D

DFAC 130.7×the volume

DFAC2MVPX15.3K

DFAC vs VPX Performance

Aug 7, 2026 – Nov 9, 2026

−2.1%DFAC−5.6%VPX

Aug 7, 2026 to Nov 9, 2026. DFAC −2.1%. VPX −5.6%. Use the arrow keys to read each point.−10%−7.5%0%2.5%Aug 2026Sep 2026Nov 2026
Expense ratio
DFAC 0.17%, better
VPX 0.75%
Fund size
DFAC $85.6B
VPX $63M
1Y total return
DFAC +17.3%
VPX No data
Yield (12M)
DFAC 0.88%
VPX No data
Holdings
DFAC 2549
VPX 130
Avg volume (30D)
DFAC 2M sh, better
VPX 15.3K sh
NAV per share
DFAC $43.78
VPX $29.13
52W range

ETF.net Grade

DFAC: Cost 94, Risk 65, Mission 100, Tradability 86, Holdings 89, Durability 97. VPX: Cost 37, Risk 59, Mission not scored, Tradability 40, Holdings 68, Durability 35.
Pillar letters and Scores for DFAC, VPX, with each pillar’s weight
PillarDFACVPX
Cost30% weightA94HigherD37
Mission25% weightA100Not scored
Risk15% weightB65HigherB59
Tradability15% weightA86HigherC40
Holdings10% weightA89HigherB68
Durability5% weightA97HigherD35

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 VPX 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 VPX 71st 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 71CTOSTwin Oak Strategic Solutions ETFScore 45
  6. Rank 71CVPXVariant Perception Cycle Aware US Equity ETFScore 45
  7. Rank 76CAIEQAmplify AI Powered Equity ETFScore 44

Our read on each fund

ETF.net Research

DFACADimensional US Core Equity 2 ETF

VPXCVariant Perception Cycle Aware US Equity 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.

VPX A macro research shop's take on US large caps: own quality names, then let a macro-risk model decide how much of the portfolio sits in cash instead. Most active large-cap funds stay fully invested. This one has a dial.

Stated mandate

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

VPX The Fund seeks long-term capital appreciation with reduced downside risk through a systematic strategy investing primarily in large-capitalization U.S. equity securities, with cash and cash equivalents also permitted.

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.
  • VPX The dial is the point. As its macro risk reading rises, more of the fund shifts into cash and short-term government paper; as risk falls, it moves back toward stocks.etfarchitect.com
  • The stock side is systematic, not hunches: US large caps above $5 billion in market value, ranked on a proprietary read of quality and behavioral factors.etfarchitect.com
  • One flat 0.75% management fee. The fee table shows no 12b-1 charge and no separate other-expenses line stacked on top.sec.gov

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.
  • VPX 0.75% sits above the typical active US equity fund's 0.65%, and it is many times what systematic rivals like DFAU (0.12%) and AVLC (0.15%) charge.
  • Cash cuts both ways. The prospectus notes that holding cash, even strategically, can leave the fund behind rivals that stay fully invested.etfarchitect.com
  • Launched in 2026, still small and lightly traded: a short record to judge, and wider bid-ask spreads than the giants of the category.

Full DFAC profile⁠

Full VPX profile⁠

DFAC vs VPX 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 VPX Cost

Overpaying VPX vs DFAC

$10,936

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

  • DFAC 0.17%

    $3,546

  • VPX 0.75%

    $14,482

$10,000
30 years

Cost over time

  • DFAC 0.17%
  • VPX 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530VPX $14,482DFAC $3,546

Year by year

YearDFACVPXOverpaying
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%VPX
  • Middle half of US Active Equity funds
  • Median 0.68%

DFAC 8th cheapest of 121 funds

VPX 72nd cheapest of 121 funds

DFAC vs VPX Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
DFAC 0.88%
VPX No data
Payout (12M)
DFAC $0.39
VPX None
Last payment
DFAC $0.10
VPX No data
Ex-dividend
DFAC Sep 22, 2026
VPX No data
Paid on
DFAC Sep 24, 2026
VPX No data
Frequency
DFAC Quarterly
VPX 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
VPXAll VPX payments⁠

No distribution history available.

DFAC vs VPX 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%VPX No data
Return per unit of riskSharpe ratio, 3 years
DFAC 1.32VPX No data
Worst fallMax drawdown, 5 years
DFAC −23.1%VPX No data
Market sensitivityBeta, 5 years
DFAC 0.99VPX 0.89

Popular comparisons

  • DFACAvsDFAUA

    Dimensional US Core Equity 2 ETF · Dimensional US Core Equity Market ETF

    Expense ratio
    0.17% · 0.12%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VPXCvsAVLCA

    Variant Perception Cycle Aware US Equity ETF · Avantis U.S. Large Cap Equity ETF

    Expense ratio
    0.75% · 0.15%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DFACAvsAVLCA

    Dimensional US Core Equity 2 ETF · Avantis U.S. Large Cap Equity ETF

    Expense ratio
    0.17% · 0.15%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VPXCvsDFAUA

    Variant Perception Cycle Aware US Equity ETF · Dimensional US Core Equity Market ETF

    Expense ratio
    0.75% · 0.12%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DFACAvsDYNFA

    Dimensional US Core Equity 2 ETF · iShares U.S. Equity Factor Rotation Active ETF

    Expense ratio
    0.17% · 0.26%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VPXCvsDYNFA

    Variant Perception Cycle Aware US Equity ETF · iShares U.S. Equity Factor Rotation Active ETF

    Expense ratio
    0.75% · 0.26%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.