DFAU vs RUNN: Grades, Fees and Holdings Compared

Dimensional US Core Equity Market ETF

DFAUANYSE Arca

Running Oak Efficient Growth ETF

RUNNBNasdaq

Overlap

3.4%by weight

Expense ratio

DFAU −0.46pt a year

DFAU0.12%RUNN0.58%

Avg volume · 30D

DFAU 8.4×the volume

DFAU547KRUNN65K

3Y return · a year

DFAU +9.0pt

DFAU+21.4%RUNN+12.4%

DFAU vs RUNN Performance

Nov 7, 2025 – Nov 9, 2026

+14.5%DFAU+8.8%RUNN

Expense ratio: DFAU 0.12%, better; RUNN 0.58%
Fund size: DFAU $12.6B; RUNN $408M
1Y total return: DFAU +14.5%, better; RUNN +8.8%
Yield (12M): DFAU 0.91%, better; RUNN 0.52%
Holdings: DFAU 2163; RUNN 60
Avg volume (30D): DFAU 547K sh, better; RUNN 65K sh
NAV per share: DFAU $50.91; RUNN $35.11
52W range

ETF.net Grade

Pillar letters and Scores for DFAU, RUNN, with each pillar’s weight
Pillar	DFAU	RUNN
Cost30% weight	A97Higher	B57
Mission25% weight	A84	Not scored
Risk15% weight	B63Higher	C52
Tradability15% weight	A87Higher	A83
Holdings10% weight	A84	A84
Durability5% weight	A91Higher	B60

Rank among US Active Equity funds

How we build Categories ›

Same Category. DFAU and RUNN 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 RUNN 37th 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 37BBAFEBrown Advisory Flexible Equity ETFScore 64
Rank 37BRUNNRunning Oak Efficient Growth ETFScore 64
Rank 40BACLCAmerican Century Large Cap Equity ETFScore 62

Our read on each fund

ETF.net Research

DFAUADimensional US Core Equity Market ETF

RUNNBRunning Oak Efficient Growth 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.

RUNN Not a mega-cap tracker in disguise. About 60 large- and mid-cap US stocks, actively picked, at 0.58% (below the typical active US equity ETF). Running Oak's ETF, launched in 2023.

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.

RUNN The Fund seeks long-term growth of capital.

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.

RUNN Charges 0.58%, under the 0.65% median for active US equity funds. Active management without the boutique-manager markup.
Roughly 60 names, large and mid-cap US. Mid-caps carry real weight here instead of being rounding errors behind a handful of trillion-dollar stocks.aaii.com
Lands in the upper half of its active US equity peer group, with portfolio construction and trading friction both scoring on the stronger side.

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.

RUNN You pay up for the stock picking. Index-built peers like DFAU (0.12%) and AVLC (0.15%) run the US equity market for a fraction of 0.58%.
About 60 holdings means each pick swings the fund far harder than it would inside a 500-stock index fund. Bumpier ride is the price of the concentration.
Built for capital growth, not cash flow: the stated objective is long-term growth, and distributions come annually or semiannually rather than monthly.

Full DFAU profile⁠

Full RUNN profile⁠

DFAU vs RUNN Holdings

How DFAU and RUNN differ

Overlap by weight

3.4%

Shared holdings make up 63.0% of RUNN and 3.9% of DFAU.

Level by level

Holdings37 in both3.4%
Sector11 Sectors69.4%
Countryby domicile97.3%
Asset classStocks100%

Sector

Sector weights in DFAU and RUNN, widest gap first
Sector	Gap	DFAU	RUNN
Industrials	RUNN +26.4 points	9.3%	35.6%
Technology	DFAU +10.1 points	34.7%	24.6%
Communication	DFAU +6.5 points	7.8%	1.3%
Consumer Staples	DFAU +5.0 points	5.0%	0.0%
Energy	DFAU +4.5 points	4.5%	0.0%
Health Care	RUNN +4.3 points	10.3%	14.6%
Utilities	DFAU +2.2 points	2.2%	0.0%
Consumer Discretionary	DFAU +1.4 points	10.2%	8.8%
Materials	DFAU +0.5 points	2.3%	1.8%
Financials	DFAU +0.4 points	13.6%	13.2%
Real Estate	DFAU +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in DFAU and RUNN, widest gap first
Country	Gap	DFAU	RUNN
United States	DFAU +2.3 points	99.3%	97.0%
Switzerland	RUNN +1.7 points	0.3%	2.0%
United Kingdom	RUNN +1.0 points	0.1%	1.1%
Other countries (8)	DFAU +0.3 points	0.3%	0.0%

Concentration

Weight in the 10 largest Holdings

DFAU33.3%
RUNN20.5%

Securities held

DFAU2,161
RUNN59

Asset class

DFAU: Stocks
RUNN: Stocks

Holdings

Only in DFAU2,124
In both37
Only in RUNN22

Only in DFAU

2,124 securities, 95.9% of DFAU by weight

Apple Inc.7.27%
NVIDIA Corp6.20%
Microsoft Corp5.86%
Amazon.com Inc.3.49%
Alphabet Inc - Class A2.24%
Meta Platforms Inc1.82%
Broadcom Inc1.81%
Eli Lilly and Company1.49%
Berkshire Hathaway Cl-B1.27%
Tesla Inc1.26%
Micron Technology Inc.1.25%
JPMorgan Chase & Co1.23%
Visa Inc1.03%
Exxonmobil Holdings Corp1.01%
Advanced Micro Devices0.84%
Johnson & Johnson0.82%
Walmart Inc.0.74%
Mastercard Inc - A0.74%
AbbVie Inc.0.63%
Procter & Gamble Co/The0.56%
Merck & Company Inc0.56%
Chevron Corp.0.54%
Costco Wholesale Corp.0.53%
Home Depot Inc0.50%
Coca Cola Co.0.49%
Cisco Systems Inc.0.49%
General Electric Company0.41%
UnitedHealth Group Inc.0.40%
Bank of America Corp0.40%
Amgen Inc0.37%
Philip Morris Intl0.37%
International Business Ma0.35%
Wells Fargo & Co.0.35%
Goldman Sachs Group Inc.0.34%
Palantir Technologies Inc0.34%
Oracle Corp.0.33%
Texas Instruments Inc.0.33%
Verizon Communications0.33%
New Linde PLC0.32%
Applied Materials Inc.0.32%
Caterpillar Inc.0.32%
Gilead Sciences Inc0.31%
Rtx Corp0.31%
Intel Corp0.31%
Lam Research Corp0.29%
Morgan Stanley0.29%
Thermo Fisher Scientific.0.28%
Qualcomm Inc.0.27%
Pepsico Inc.0.27%
Conocophillips0.27%

Only in RUNN

22 securities, 36.9% of RUNN by weight

Fiserv, Inc.2.23%
Roper Technologies, Inc.2.13%
Arthur J Gallagher & Company1.98%
STERIS plc1.94%
Alcon A.G.1.92%
Broadridge Financial Solutions, Inc.1.89%
RB Global, Inc.1.84%
WW Grainger, Inc.1.82%
State Street Institutional Treasury Money Market Fund1.82%
Darden Restaurants, Inc.1.81%
Visa, Inc.1.80%
Intercontinental Exchange, Inc.1.80%
Centene Corporation1.74%
Honeywell International, Inc.1.72%
ResMed, Inc.1.69%
Boston Scientific Corporation1.65%
TJX Companies, Inc. (The)1.58%
SS&C Technologies Holdings, Inc.1.58%
AMETEK, Inc.1.49%
Eaton Corp plc1.27%
ServiceNow, Inc.1.21%
Receivables/Payables0.03%

Weight gaps

All 37 Holdings in both funds, largest gap first.

Holding weights in DFAU and RUNN, widest gap first
Holding	Gap	DFAU	RUNN
Fti Consulting IncFCN	RUNN +2.24 points	0.01%	2.25%
Equifax IncEFX	RUNN +2.08 points	0.04%	2.12%
Accenture PLCACN	RUNN +1.88 points	0.19%	2.07%
Carlisle Cos IncCSL	RUNN +1.87 points	0.03%	1.90%
Factset ResearchFDS	RUNN +1.85 points	0.02%	1.87%
Brown & Brown IncBRO	RUNN +1.83 points	0.03%	1.86%
AecomACM	RUNN +1.82 points	<0.01%	1.83%
Intuit Inc.INTU	RUNN +1.82 points	0.03%	1.85%
Leidos HoldingsLDOS	RUNN +1.82 points	0.03%	1.85%
Stryker CorpSYK	RUNN +1.78 points	0.13%	1.91%
Texas Roadhouse IncTXRH	RUNN +1.77 points	0.03%	1.80%
Marsh & Mclennan Cos IncMRSH	RUNN +1.75 points	0.14%	1.89%
Tractor Supply Co.TSCO	RUNN +1.74 points	0.03%	1.77%
Jacobs Solutions IncJ	RUNN +1.72 points	0.04%	1.76%
Watsco IncWSO	RUNN +1.73 points	0.01%	1.74%
Republic Services IncRSG	RUNN +1.70 points	0.14%	1.84%
Primerica IncPRI	RUNN +1.69 points	0.02%	1.71%
Deckers Outdoor CorpDECK	RUNN +1.68 points	0.02%	1.70%
Automatic Data ProcessingADP	RUNN +1.67 points	0.16%	1.83%
Caci International IncCACI	RUNN +1.66 points	0.02%	1.68%
Air Products & ChemicalsAPD	RUNN +1.65 points	0.12%	1.77%
Ingersoll Rand IncIR	RUNN +1.65 points	0.06%	1.71%
General Dynamics Corp.GD	RUNN +1.65 points	0.09%	1.74%
Itt IncITT	RUNN +1.64 points	0.03%	1.67%
Iqvia Holdings IncIQV	RUNN +1.64 points	0.09%	1.73%
Teledyne Technologies IncTDY	RUNN +1.60 points	0.05%	1.65%
Saia IncSAIA	RUNN +1.57 points	0.02%	1.58%
Cigna Group/TheCI	RUNN +1.56 points	0.15%	1.71%
Franklin Electric Co IncFELE	RUNN +1.55 points	<0.01%	1.56%
Uber Technologies IncUBER	RUNN +1.46 points	0.14%	1.60%
Curtiss-Wright CorpCW	RUNN +1.45 points	0.03%	1.48%
Graco IncGGG	RUNN +1.38 points	0.02%	1.40%
Zebra Technologies CorpZBRA	RUNN +1.33 points	0.03%	1.36%
Emcor Group IncEME	RUNN +1.21 points	0.05%	1.26%
Amdocs LtdDOX	RUNN +1.17 points	<0.01%	1.17%
Nvent Electric PLCNVT	RUNN +1.00 points	0.03%	1.03%
Alphabet IncGOOG	DFAU +0.52 points	1.85%	1.33%

All 2,381 DFAU holdings⁠All 61 RUNN 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 RUNN Cost

Overpaying RUNN vs DFAU

$8,933

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

DFAU 0.12%
$2,520
RUNN 0.58%
$11,453

Amount$10,000

Years30 years

Cost over time

DFAU 0.12%
RUNN 0.58%
Overpaying

Year by year

Year	DFAU	RUNN	Overpaying
10	$220	$1,041	$821
20	$859	$3,986	$3,127
30	$2,520	$11,453	$8,933

Expense ratio

0.12%DFAU, cheaper
0.58%RUNN

DFAU0.12%RUNN0.58%

0.00%2.89%

Middle half of US Active Equity funds
Median 0.68%

DFAU 4th cheapest of 121 funds

RUNN 51st cheapest of 121 funds

DFAU vs RUNN Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DFAU 0.91%, better; RUNN 0.52%
Payout (12M): DFAU $0.47; RUNN $0.19
Last payment: DFAU $0.12; RUNN $0.19
Ex-dividend: DFAU Sep 22, 2026; RUNN Dec 23, 2025
Paid on: DFAU Sep 24, 2026; RUNN Dec 30, 2025
Frequency: DFAU Quarterly; RUNN Annual

Distribution history

Per share, 2020 to 2026, same scale for both

DFAUQuarterly · 24 paymentsAll DFAU payments⁠

RUNNAnnual · 3 paymentsAll RUNN payments⁠

DFAU vs RUNN 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%, betterRUNN 13.5%
Return per unit of riskSharpe ratio, 3 years: DFAU 1.38, betterRUNN 0.60
Worst fallMax drawdown, 5 years: DFAU −23.6%RUNN −16.8%since Jun 2023
Market sensitivityBeta, 5 years: DFAU 1.01RUNN 0.69; Market = 1

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