DFAU vs TIME: Grades, Fees and Holdings Compared

Dimensional US Core Equity Market ETF

DFAUANYSE Arca

Clockwise U.S. Core Equity ETF

TIMEDNYSE Arca

Overlap

45.6%by weight

Expense ratio

DFAU −0.84pt a year

DFAU0.12%TIME0.96%

Avg volume · 30D

DFAU 273.7×the volume

DFAU555KTIME2.03K

3Y return · a year

TIME +1.4pt

DFAU+22.9%TIME+24.3%

DFAU vs TIME Performance

Oct 31, 2025 – Oct 30, 2026

+13.2%DFAU+7.6%TIME

Expense ratio: DFAU 0.12%, better; TIME 0.96%
Fund size: DFAU $12.9B; TIME $15M
1Y total return: DFAU +13.2%, better; TIME +7.6%
Yield (12M): DFAU 0.90%, better; TIME 0.70%
Holdings: DFAU 2165; TIME 64
Avg volume (30D): DFAU 555K sh, better; TIME 2.03K sh
NAV per share: DFAU $52.28; TIME $26.73
52W range

ETF.net Grade

Pillar letters and Scores for DFAU, TIME, with each pillar’s weight
Pillar	DFAU	TIME
Cost30% weight	A97Higher	F18
Mission25% weight	A83	Not scored
Risk15% weight	B65Higher	D36
Tradability15% weight	A87Higher	C40
Holdings10% weight	A84Higher	C52
Durability5% weight	A91Higher	C42

Rank among US Active Equity funds

How we build Categories ›

Same Category. DFAU and TIME 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 TIME 104th 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 104DSPITF/m Emerald Special Situations ETFScore 31
Rank 104DTIMEClockwise U.S. Core Equity ETFScore 31
Rank 108DKOOLNorth Shore Equity Rotation ETFScore 30

Our read on each fund

ETF.net Research

DFAUADimensional US Core Equity Market ETF

TIMEDClockwise U.S. Core Equity 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.

TIME A hand-run book of about 30 US stocks that can duck into cash, short-term Treasurys, inverse ETFs or covered calls when the manager wants less volatility. Active pricing: 0.96% net of a waiver through December 29, 2026.

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.

TIME 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.

TIME Concentrated on purpose: about 30 US names, so each pick carries real weight instead of being diluted across hundreds of positions.
Defensive levers stay on the table. Cash, short-term Treasurys, inverse ETFs and covered calls are part of the toolkit, which plain core equity funds rarely touch.tradingview.com
Live since January 2022, so there is a multi-year record of real money under one adviser, not a backtest.
The adviser is absorbing part of the cost: 0.96% net versus 1.02% gross, with that waiver running through December 29, 2026.

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.

TIME Cost is the trade-off. 0.96% net of a waiver through December 29, 2026 (1.02% gross) is above the category median, next to systematic peers DFAU at 0.12% and AVLC at 0.15%.
A small fund that trades thinly: spreads can run wide and a sizable order can move the price on its own.
The mandate has moved. It launched in 2022 around 5G and innovation themes and was renamed to U.S. Core Equity at the end of 2025, so its history spans different strategies.tradingview.com

Full DFAU profile⁠

Full TIME profile⁠

DFAU vs TIME Holdings

How DFAU and TIME differ

Overlap by weight

45.6%

Shared holdings make up 90.3% of TIME and 47.3% of DFAU.

Level by level

Holdings57 in both45.6%
Sector11 Sectors91.5%
Countryby domicile98.1%
Asset classEquity100%

Sector

Sector weights in DFAU and TIME, widest gap first
Sector	More in DFAUMore in TIME	DFAU	TIME
Technology	TIME +6.3 points	36.6%	42.9%
Financials	DFAU +5.0 points	12.9%	7.9%
Industrials	DFAU +1.2 points	8.9%	7.7%
Utilities	TIME +1.3 points	2.1%	3.4%
Energy	DFAU +0.8 points	4.9%	4.1%
Materials	DFAU +0.6 points	2.7%	2.1%
Consumer Staples	DFAU +0.5 points	4.7%	4.2%
Real Estate	TIME +0.5 points	0.1%	0.6%
Communication	DFAU +0.4 points	8.0%	7.6%
Consumer Discretionary	TIME +0.4 points	9.4%	9.8%
Health Care	TIME +0.1 points	9.7%	9.8%

Country, concentration and asset class

Country by domicile

Country weights in DFAU and TIME, widest gap first
Country	More in DFAUMore in TIME	DFAU	TIME
United States	DFAU +1.2 points	99.3%	98.1%
Canada	TIME +1.0 points	0.0%	1.0%
Netherlands	TIME +0.9 points	0.0%	0.9%
Other countries (10)	DFAU +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

DFAU33.4%
TIME47.3%

Securities held

DFAU2,164
TIME64

Asset class

DFAU: Equity
TIME: Equity

Holdings

Only in DFAU2,107
In both57
Only in TIME7

Only in DFAU

2,107 securities, 52.6% of DFAU by weight

Alphabet Inc1.76%
Walmart Inc.0.68%
Cisco Systems Inc.0.54%
Merck & Company Inc0.53%
Procter & Gamble Co/The0.52%
Costco Wholesale Corp.0.48%
Home Depot Inc0.46%
Palantir Technologies Inc0.40%
Bank of America Corp0.39%
Oracle Corp.0.38%
General Electric Company0.38%
International Business Ma0.36%
Lam Research Corp0.36%
Texas Instruments Inc.0.36%
Caterpillar Inc.0.35%
Goldman Sachs Group Inc.0.35%
Wells Fargo & Co.0.34%
Rtx Corp0.31%
New Linde PLC0.30%
Verizon Communications0.30%
Gilead Sciences Inc0.30%
Qualcomm Inc.0.29%
Morgan Stanley0.29%
Kla Corp0.29%
Sandisk Corp/De0.27%
American Express Co.0.26%
Union Pac Corp.0.25%
Pepsico Inc.0.25%
Amphenol Corp Class A0.25%
Netflix.com Inc.0.24%
Citigroup Inc.0.24%
Analog Devices Inc.0.24%
Western Digital0.24%
Walt Disney Co/The0.22%
Seagate Technology Hold0.21%
Mcdonald's Corp.0.21%
Arista Networks Inc0.21%
Bristol-Myers Squibb Co.0.21%
Tjx Companies Inc.0.20%
Deere & Co.0.20%
Nextera Energy Inc0.20%
Pfizer Inc.0.19%
AT&T Inc.0.19%
Travelers Companies Inc.0.19%
Eog Resources Inc.0.19%
Phillips 660.19%
Marathon Petroleum Corp.0.18%
Abbott Laboratories0.18%
Newmont Corp0.18%
Progressive Corp0.18%

Only in TIME

7 securities, 11.2% of TIME by weight

First American Government Obligations Fund 12/01/20312.88%
Space Exploration Technologies Corp2.38%
ProShares UltraPro Short QQQ2.14%
American Tower Corp1.01%
Barrick Mining Corp0.98%
Strategy Inc0.95%
ASML Holding NV0.85%

Weight gaps

All 57 Holdings in both funds, largest gap first.

Holding weights in DFAU and TIME, widest gap first
Holding	More in DFAUMore in TIME	DFAU	TIME
NVIDIA CorpNVDA	TIME +3.51 points	6.79%	10.30%
Alphabet Inc - Class AGOOGL	TIME +2.82 points	2.14%	4.96%
The Southern CompanySO	TIME +2.13 points	0.12%	2.25%
Lumentum Holdings IncLITE	TIME +1.93 points	0.09%	2.02%
Microsoft CorpMSFT	TIME +1.79 points	5.62%	7.41%
UnitedHealth Group Inc.UNH	TIME +1.69 points	0.40%	2.09%
Marvell Technology IncMRVL	TIME +1.69 points	0.12%	1.81%
Amazon.com Inc.AMZN	TIME +1.60 points	3.14%	4.74%
ConocophillipsCOP	TIME +1.53 points	0.28%	1.81%
Dollar General Corp.DG	TIME +1.52 points	0.05%	1.57%
Datadog IncDDOG	TIME +1.44 points	0.08%	1.52%
Ge Vernova LlcGEV	TIME +1.35 points	0.20%	1.55%
Airbnb IncABNB	TIME +1.31 points	0.07%	1.38%
Icon PLCICLR	TIME +1.27 points	0.03%	1.30%
Broadcom IncAVGO	DFAU +0.98 points	2.04%	1.06%
Apple Inc.AAPL	TIME +0.93 points	7.10%	8.03%
U.s. BancorpUSB	TIME +0.88 points	0.12%	1.00%
American Elec Power Inc.AEP	TIME +0.87 points	0.12%	0.99%
Crowdstrike Holdings IncCRWD	TIME +0.86 points	0.14%	1.00%
Snowflake IncSNOW	TIME +0.85 points	0.10%	0.95%
Transdigm Group IncTDG	TIME +0.84 points	0.10%	0.94%
Old Dominion FreightODFL	TIME +0.82 points	0.06%	0.88%
Amgen IncAMGN	TIME +0.81 points	0.36%	1.17%
Booking Holdings IncBKNG	TIME +0.73 points	0.13%	0.86%
Kroger Co.KR	TIME +0.71 points	0.09%	0.80%
Philip Morris IntlPM	TIME +0.69 points	0.37%	1.06%
Exxonmobil Holdings CorpXOM	TIME +0.68 points	1.07%	1.75%
Visa IncV	TIME +0.61 points	0.96%	1.57%
Salesforce IncCRM	TIME +0.57 points	0.24%	0.81%
Axon EnterpriseAXON	TIME +0.53 points	0.03%	0.56%
Toll Brothers IncTOL	TIME +0.53 points	0.02%	0.55%
Lennar Corp.LEN	TIME +0.51 points	0.03%	0.54%
Intel CorpINTC	TIME +0.47 points	0.48%	0.95%
Tenet Healthcare Corp.THC	TIME +0.47 points	0.05%	0.52%
Robinhood Markets IncHOOD	TIME +0.44 points	0.06%	0.50%
Intuitive Surgical Inc.ISRG	TIME +0.43 points	0.14%	0.57%
Universal Health ServicesUHS	TIME +0.43 points	0.02%	0.45%
Lockheed Martin Corp.LMT	TIME +0.41 points	0.20%	0.61%
Applied Materials Inc.AMAT	TIME +0.41 points	0.39%	0.80%
General Dynamics Corp.GD	TIME +0.38 points	0.09%	0.47%
Meta Platforms IncMETA	TIME +0.38 points	1.78%	2.16%
BlackRock Funding Inc/DeBLK	TIME +0.38 points	0.18%	0.56%
Ecolab IncECL	TIME +0.37 points	0.15%	0.52%
Danaher Corp.DHR	TIME +0.37 points	0.16%	0.53%
Johnson & JohnsonJNJ	DFAU +0.34 points	0.78%	0.44%
Micron Technology Inc.MU	TIME +0.34 points	1.62%	1.96%
JPMorgan Chase & CoJPM	TIME +0.32 points	1.21%	1.53%
Eli Lilly and CompanyLLY	TIME +0.30 points	1.45%	1.75%
Thermo Fisher Scientific.TMO	TIME +0.29 points	0.27%	0.56%
Palo Alto Networks IncPANW	TIME +0.28 points	0.20%	0.48%
AbbVie Inc.ABBV	DFAU +0.15 points	0.61%	0.46%
Mastercard Inc - AMA	TIME +0.12 points	0.69%	0.81%
Berkshire Hathaway Cl-BBRK.B	DFAU +0.12 points	1.15%	1.03%
Coca Cola Co.KO	TIME +0.07 points	0.46%	0.53%
Tesla IncTSLA	DFAU +0.06 points	1.35%	1.29%
Chevron Corp.CVX	DFAU +0.04 points	0.56%	0.52%
Advanced Micro DevicesAMD	TIME +0.01 points	1.02%	1.03%

All 2,381 DFAU holdings⁠All 34 TIME 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 TIME Cost

Overpaying TIME vs DFAU

$15,514

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

DFAU 0.12%
$2,520
TIME 0.96%
$18,034

Amount$10,000

Years30 years

Cost over time

DFAU 0.12%
TIME 0.96%
Overpaying

Year by year

Year	DFAU	TIME	Overpaying
10	$220	$1,695	$1,475
20	$859	$6,383	$5,524
30	$2,520	$18,034	$15,514

Expense ratio

0.12%DFAU, cheaper
0.96%TIME

DFAU0.12%TIME0.96%

0.00%2.89%

Middle half of US Active Equity funds
Median 0.68%

DFAU 4th cheapest of 121 funds

TIME 99th cheapest of 121 funds

DFAU vs TIME Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFAU 0.90%, better; TIME 0.70%
Payout (12M): DFAU $0.47; TIME $0.19
Last payment: DFAU $0.12; TIME $0.19
Ex-dividend: DFAU Sep 22, 2026; TIME Dec 22, 2025
Paid on: DFAU Sep 24, 2026; TIME Dec 23, 2025
Frequency: DFAU Quarterly; TIME Annual

Distribution history

Per share, 2020 to 2026, same scale for both

DFAUQuarterly · 24 paymentsAll DFAU payments⁠

TIMEAnnual · 4 paymentsAll TIME payments⁠

DFAU vs TIME 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%, betterTIME 18.8%
Return per unit of riskSharpe ratio, 3 years: DFAU 1.38, betterTIME 1.02
Worst fallMax drawdown, 5 years: DFAU −23.6%TIME −42.3%since Jan 2022
Market sensitivityBeta, 5 years: DFAU 1.01TIME 1.20; Market = 1

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