DFAU vs LQAI: Grades, Fees and Holdings Compared

Dimensional US Core Equity Market ETF

DFAUANYSE Arca

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

LQAIDNYSE Arca

Overlap

36.2%by weight

Expense ratio

DFAU −0.63pt a year

DFAU0.12%LQAI0.75%

Avg volume · 30D

DFAU 1744.6×the volume

DFAU555KLQAI318

DFAU vs LQAI Performance

Oct 31, 2025 – Oct 30, 2026

+13.2%DFAU+10.4%LQAI

Expense ratio: DFAU 0.12%, better; LQAI 0.75%
Fund size: DFAU $12.9B; LQAI $2M
1Y total return: DFAU +13.2%, better; LQAI +10.4%
Yield (12M): DFAU 0.90%; LQAI 0.90%
Holdings: DFAU 2165; LQAI 101
Avg volume (30D): DFAU 555K sh, better; LQAI 318 sh
NAV per share: DFAU $52.28; LQAI $46.03
52W range

ETF.net Grade

Pillar letters and Scores for DFAU, LQAI, with each pillar’s weight
Pillar	DFAU	LQAI
Cost30% weight	A97Higher	D36
Mission25% weight	A83Higher	C48
Risk15% weight	B65Higher	D35
Tradability15% weight	A87Higher	F12
Holdings10% weight	A84Higher	A75
Durability5% weight	A91Higher	D32

Rank among US Active Equity funds

How we build Categories ›

Same Category. DFAU 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 ›

DFAU ranks 2nd and LQAI 88th of 121 funds in the US Active Equity Category.

Rank 1AAVLCAvantis U.S. Large Cap Equity ETFScore 87
Rank 2ADFAUDimensional US Core Equity Market ETFScore 86
Rank 3ADFACDimensional US Core Equity 2 ETFScore 85
Rank 88DFCUSPinnacle Focused Opportunities ETFScore 36
Rank 88DLQAILG QRAFT AI-Powered U.S. Large Cap Core ETFScore 36
Rank 88DNELSNelson Select ETFScore 36

Our read on each fund

ETF.net Research

DFAUADimensional US Core Equity Market ETF

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

In short

DFAU Active management priced like an index fund. Dimensional spreads across roughly 2,400 US stocks, then tilts the weights toward value, profitability and momentum instead of simply mirroring the Russell 3000.

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

DFAU Seeks long-term capital appreciation. It uses an integrated research, portfolio-design, management, and trading process to build a broadly diversified portfolio of U.S. companies while balancing long-term return drivers, risk, shorter-term considerations, and trading costs.

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

Why people hold it

DFAU Charges 0.12% a year, well under the 0.65% median for active US equity funds and the cheapest of the top-graded names in its group (AVLC, DFAC, FELC).
Holds roughly 2,400 US companies, so no single name steers the fund. Whole-market coverage, not a concentrated bet.
Active without the stock-picking drama: it leans weights toward value, profitability and momentum, using the Russell 3000 as its reference point rather than a rigid rulebook.
A multi-billion-dollar fund that trades actively, and one of the strongest overall implementations in its active US equity 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

DFAU Those tilts cut both ways: results can drift from a plain Russell 3000 fund for long stretches, in either direction.
No published index behind it. The trade-off for flexibility is that you're buying Dimensional's process, not a public set of rules you can check line by line.
Distributions land quarterly, not monthly, and the mandate is long-term capital appreciation rather than income.

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 DFAU profile⁠

Full LQAI profile⁠

DFAU vs LQAI Holdings

How DFAU and LQAI differ

Overlap by weight

36.2%

Shared holdings make up 86.1% of LQAI and 51.0% of DFAU.

Level by level

Holdings90 in both36.2%
Sector11 Sectors86.7%
Countryby domicile95.3%
Asset classEquity100%

Sector

Sector weights in DFAU and LQAI, widest gap first
Sector	More in DFAUMore in LQAI	DFAU	LQAI
Consumer Staples	LQAI +9.8 points	4.7%	14.5%
Health Care	DFAU +4.9 points	9.7%	4.8%
Energy	LQAI +2.8 points	4.9%	7.7%
Industrials	DFAU +2.1 points	8.9%	6.8%
Materials	DFAU +2.1 points	2.7%	0.6%
Technology	DFAU +1.6 points	36.6%	35.0%
Consumer Discretionary	DFAU +1.2 points	9.4%	8.2%
Financials	DFAU +1.0 points	12.9%	11.9%
Real Estate	LQAI +0.7 points	0.1%	0.8%
Communication	DFAU +0.2 points	8.0%	7.8%
Utilities	DFAU +0.1 points	2.1%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in DFAU and LQAI, widest gap first
Country	More in DFAUMore in LQAI	DFAU	LQAI
Canada	LQAI +4.3 points	0.0%	4.3%
United States	DFAU +4.3 points	99.3%	95.0%
Other countries (10)	Same weight	0.7%	0.7%

Concentration

Weight in the 10 largest Holdings

DFAU33.4%
LQAI37.3%

Securities held

DFAU2,164
LQAI100

Asset class

DFAU: Equity
LQAI: Equity

Holdings

Only in DFAU2,074
In both90
Only in LQAI10

Only in DFAU

2,074 securities, 48.8% of DFAU by weight

Alphabet Inc1.76%
JPMorgan Chase & Co1.21%
Johnson & Johnson0.78%
Cisco Systems Inc.0.54%
Merck & Company Inc0.53%
Home Depot Inc0.46%
Bank of America Corp0.39%
Applied Materials Inc.0.39%
Philip Morris Intl0.37%
Amgen Inc0.36%
Lam Research Corp0.36%
Texas Instruments Inc.0.36%
Caterpillar Inc.0.35%
Goldman Sachs Group Inc.0.35%
Rtx Corp0.31%
New Linde PLC0.30%
Gilead Sciences Inc0.30%
Qualcomm Inc.0.29%
Kla Corp0.29%
Conocophillips0.28%
American Express Co.0.26%
Amphenol Corp Class A0.25%
Netflix.com Inc.0.24%
Citigroup Inc.0.24%
Salesforce Inc0.24%
Analog Devices Inc.0.24%
Western Digital0.24%
Walt Disney Co/The0.22%
Mcdonald's Corp.0.21%
Arista Networks Inc0.21%
Bristol-Myers Squibb Co.0.21%
Deere & Co.0.20%
Ge Vernova Llc0.20%
Nextera Energy Inc0.20%
Lockheed Martin Corp.0.20%
Eog Resources Inc.0.19%
Phillips 660.19%
BlackRock Funding Inc/De0.18%
Marathon Petroleum Corp.0.18%
Abbott Laboratories0.18%
Progressive Corp0.18%
Dell Technologies Inc0.17%
Eaton Corp PLC0.17%
The Charles Schwab Corp.0.17%
General Motors0.17%
Csx Corp0.17%
Johnson Controls Intl0.17%
Hewlett-Packard Enterpris0.16%
Danaher Corp.0.16%
Intercontinental Exchange0.16%

Only in LQAI

10 securities, 12.7% of LQAI by weight

Space Exploration Technologies Corp3.90%
Vici Properties Inc1.84%
Brookfield Corp1.66%
Barrick Mining Corp1.40%
Brookfield Asset Mgmt-A1.18%
Medline Inc-Cl A1.09%
Realty Income Corp0.66%
Vivmark Residential0.64%
Nu Holdings Ltd0.24%
Nebius Group N.v.0.10%

Weight gaps

All 90 Holdings in both funds, largest gap first.

Holding weights in DFAU and LQAI, widest gap first
Holding	More in DFAUMore in LQAI	DFAU	LQAI
Sandisk Corp/DeSNDK	LQAI +3.72 points	0.27%	3.99%
Apple Inc.AAPL	DFAU +2.92 points	7.10%	4.18%
Micron Technology Inc.MU	LQAI +2.72 points	1.62%	4.34%
NVIDIA CorpNVDA	DFAU +2.42 points	6.79%	4.37%
Amazon.com Inc.AMZN	DFAU +2.19 points	3.14%	0.95%
Advanced Micro DevicesAMD	LQAI +2.18 points	1.02%	3.20%
Tesla IncTSLA	LQAI +2.12 points	1.35%	3.47%
Intel CorpINTC	LQAI +2.09 points	0.48%	2.57%
Venture Global IncVG	LQAI +1.94 points	0.01%	1.95%
Microsoft CorpMSFT	DFAU +1.87 points	5.62%	3.75%
Huntington BancsharesHBAN	LQAI +1.82 points	0.05%	1.87%
Rocket Cos IncRKT	LQAI +1.71 points	<0.01%	1.72%
Meta Platforms IncMETA	LQAI +1.69 points	1.78%	3.47%
Comcast Corp New Class ACMCSA	LQAI +1.49 points	0.05%	1.54%
Copart IncCPRT	LQAI +1.42 points	0.01%	1.43%
Halliburton CoHAL	LQAI +1.41 points	0.05%	1.46%
Carrier Global CorpCARR	LQAI +1.38 points	0.07%	1.45%
Citizens Financial GroupCFG	LQAI +1.36 points	0.05%	1.41%
Pg & E CorpPCG	LQAI +1.18 points	0.04%	1.22%
Truist Financial CorpTFC	LQAI +1.15 points	0.10%	1.25%
Kenvue IncKVUE	LQAI +1.14 points	0.07%	1.21%
Ford Motor CoF	LQAI +1.14 points	0.10%	1.24%
Fastenal Co.FAST	LQAI +1.03 points	0.10%	1.13%
UnitedHealth Group Inc.UNH	LQAI +1.03 points	0.40%	1.43%
Spotify Technology SASPOT	LQAI +1.00 points	0.07%	1.07%
Berkshire Hathaway Cl-BBRK.B	DFAU +0.96 points	1.15%	0.19%
Alphabet Inc - Class AGOOGL	DFAU +0.85 points	2.14%	1.29%
Accenture PLCACN	LQAI +0.80 points	0.17%	0.97%
Broadcom IncAVGO	DFAU +0.80 points	2.04%	1.24%
Baker Hughes CoBKR	LQAI +0.79 points	0.10%	0.89%
Slb LtdSLB	LQAI +0.75 points	0.15%	0.90%
Valero Energy CorpVLO	LQAI +0.72 points	0.17%	0.89%
Chevron Corp.CVX	LQAI +0.69 points	0.56%	1.25%
Kraft Heinz Co/TheKHC	LQAI +0.68 points	0.04%	0.72%
Ppl CorporationPPL	LQAI +0.68 points	0.04%	0.72%
AT&T Inc.T	LQAI +0.65 points	0.19%	0.84%
International Business MaIBM	LQAI +0.63 points	0.36%	0.99%
Fifth Third BancorpFITB	LQAI +0.60 points	0.08%	0.68%
Pfizer Inc.PFE	LQAI +0.59 points	0.19%	0.78%
Walmart Inc.WMT	DFAU +0.55 points	0.68%	0.13%
Procter & Gamble Co/ThePG	LQAI +0.48 points	0.52%	1.00%
Visa IncV	DFAU +0.48 points	0.96%	0.48%
Kinder Morgan Inc.KMI	LQAI +0.45 points	0.12%	0.57%
Intuitive Surgical Inc.ISRG	LQAI +0.44 points	0.14%	0.58%
AbbVie Inc.ABBV	LQAI +0.38 points	0.61%	0.99%
Technipfmc PLCFTI	LQAI +0.32 points	0.05%	0.37%
Firstenergy Corp.FE	LQAI +0.31 points	0.04%	0.35%
Dexcom IncDXCM	LQAI +0.31 points	0.04%	0.35%
Hp IncHPQ	LQAI +0.30 points	0.06%	0.36%
Roivant Sciences LtdROIV	LQAI +0.29 points	0.04%	0.34%
Rockwell Automation Inc.ROK	LQAI +0.29 points	0.08%	0.37%
Oracle Corp.ORCL	DFAU +0.27 points	0.38%	0.11%
U.s. BancorpUSB	LQAI +0.28 points	0.12%	0.40%
Comfort Systems Usa IncFIX	LQAI +0.27 points	0.08%	0.35%
Carnival Corp LtdCCL	LQAI +0.26 points	0.09%	0.35%
Palantir Technologies IncPLTR	DFAU +0.25 points	0.40%	0.15%
General Electric CompanyGE	DFAU +0.24 points	0.38%	0.14%
Verisign Inc.VRSN	LQAI +0.24 points	0.05%	0.29%
United Rentals Inc.URI	LQAI +0.22 points	0.14%	0.36%
Cbre Group IncCBRE	LQAI +0.22 points	0.06%	0.28%
Moderna IncMRNA	LQAI +0.22 points	0.10%	0.32%
Quanta Services Inc.PWR	LQAI +0.21 points	0.09%	0.30%
Howmet Aerospace IncHWM	LQAI +0.21 points	0.09%	0.30%
Mastercard Inc - AMA	DFAU +0.19 points	0.69%	0.50%
Lumentum Holdings IncLITE	LQAI +0.19 points	0.09%	0.28%
Exxonmobil Holdings CorpXOM	LQAI +0.19 points	1.07%	1.26%
Blackstone IncBX	LQAI +0.19 points	0.08%	0.27%
Boston Scientific Corp.BSX	LQAI +0.18 points	0.03%	0.21%
Exelon Corp.EXC	LQAI +0.16 points	0.07%	0.23%
Norfolk Southern Corp.NSC	LQAI +0.14 points	0.13%	0.27%
Coca Cola Co.KO	LQAI +0.12 points	0.46%	0.58%
Thermo Fisher Scientific.TMO	DFAU +0.12 points	0.27%	0.15%
Morgan StanleyMS	DFAU +0.12 points	0.29%	0.17%
S&P Global IncSPGI	LQAI +0.10 points	0.16%	0.26%
Pepsico Inc.PEP	DFAU +0.10 points	0.25%	0.15%
Verizon CommunicationsVZ	DFAU +0.10 points	0.30%	0.20%
Newmont CorpNEM	LQAI +0.10 points	0.18%	0.28%
3M Co.MMM	LQAI +0.09 points	0.16%	0.25%
Tjx Companies Inc.TJX	DFAU +0.09 points	0.20%	0.11%
Bloom Energy CorpBE	LQAI +0.09 points	0.05%	0.14%
Seagate Technology HoldSTX	DFAU +0.09 points	0.21%	0.12%
Uber Technologies IncUBER	LQAI +0.09 points	0.13%	0.22%
Palo Alto Networks IncPANW	DFAU +0.08 points	0.20%	0.12%
Costco Wholesale Corp.COST	LQAI +0.08 points	0.48%	0.56%
Eli Lilly and CompanyLLY	DFAU +0.08 points	1.45%	1.37%
Marvell Technology IncMRVL	LQAI +0.07 points	0.12%	0.19%
Travelers Companies Inc.TRV	LQAI +0.07 points	0.19%	0.26%
Wells Fargo & Co.WFC	DFAU +0.06 points	0.34%	0.28%
Union Pac Corp.UNP	LQAI +0.05 points	0.25%	0.30%
Garmin LtdGRMN	LQAI +0.02 points	0.09%	0.11%

All 2,381 DFAU 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.

DFAU vs LQAI Cost

Overpaying LQAI vs DFAU

$11,962

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

DFAU 0.12%
$2,520
LQAI 0.75%
$14,482

Amount$10,000

Years30 years

Cost over time

DFAU 0.12%
LQAI 0.75%
Overpaying

Year by year

Year	DFAU	LQAI	Overpaying
10	$220	$1,336	$1,116
20	$859	$5,078	$4,219
30	$2,520	$14,482	$11,962

Expense ratio

0.12%DFAU, cheaper
0.75%LQAI

DFAU0.12%LQAI0.75%

0.00%2.89%

Middle half of US Active Equity funds
Median 0.68%

DFAU 4th cheapest of 121 funds

LQAI 72nd cheapest of 121 funds

DFAU vs LQAI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFAU 0.90%; LQAI 0.90%
Payout (12M): DFAU $0.47; LQAI $0.40
Last payment: DFAU $0.12; LQAI $0.10
Ex-dividend: DFAU Sep 22, 2026; LQAI Sep 28, 2026
Paid on: DFAU Sep 24, 2026; LQAI Sep 30, 2026
Frequency: DFAU Quarterly; LQAI Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

DFAUQuarterly · 24 paymentsAll DFAU payments⁠

LQAIQuarterly · 12 paymentsAll LQAI payments⁠

DFAU vs LQAI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFAU 12.4%LQAI 15.1%since Dec 2023
Return per unit of riskSharpe ratio, 3 years: DFAU 1.38LQAI 1.07since Dec 2023
Worst fallMax drawdown, 5 years: DFAU −23.6%LQAI −21.2%since Nov 2023
Market sensitivityBeta, 5 years: DFAU 1.01LQAI 1.11; Market = 1

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