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DFAW vs FORH

Dimensional World Equity ETF

DFAWANYSE Arca

Formidable ETF

FORHFCboe

Overlap

Expense ratio

DFAW −0.96pt a year

DFAW0.23%FORH1.19%

Avg volume · 30D

DFAW 78.5×the volume

DFAW98.6KFORH1.26K

3Y return · a year

DFAW +17.0pt

DFAW+20.7%FORH+3.7%

DFAW vs FORH Performance

Oct 31, 2025 – Nov 2, 2026

+15.6%DFAW−4.8%FORH

Oct 31, 2025 to Nov 2, 2026. DFAW +15.6%. FORH −4.8%. Use the arrow keys to read each point.0%5%10%20%Oct 2025May 2026Nov 2026
Expense ratio
DFAW 0.23%, better
FORH 1.19%
Fund size
DFAW $1.71B
FORH $17M
1Y total return
DFAW +15.6%, better
FORH −4.8%
Yield (12M)
DFAW 1.30%
FORH 1.90%, better
Holdings
DFAW 6
FORH 43
Avg volume (30D)
DFAW 98.6K sh, better
FORH 1.26K sh
NAV per share
DFAW $82.88
FORH $23.26
52W range

ETF.net Grade

DFAW: Cost 95, Risk 75, Mission 100, Tradability 83, Holdings 32, Durability 79. FORH: Cost 1, Risk 30, Mission not scored, Tradability 20, Holdings 41, Durability 32.
Pillar letters and Scores for DFAW, FORH, with each pillar’s weight
PillarDFAWFORH
Cost30% weightA95HigherF1
Mission25% weightA100Not scored
Risk15% weightA75HigherD30
Tradability15% weightA83HigherF20
Holdings10% weightD32C41Higher
Durability5% weightA79HigherD32

Rank among Global 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. DFAW and FORH are both graded against the same 44 Global Active Equity funds, so their Grades compare head to head.

Global Active Equity⁠

Category · 44 funds
See all 44 ›

DFAW ranks 1st and FORH 42nd of 44 funds in the Global Active Equity Category.

  1. Rank 1AAVGEAvantis All Equity Markets ETFScore 79
  2. Rank 1AAVTMAvantis Total Equity Markets ETF 1Score 79
  3. Rank 1ABDVLiShares Disciplined Volatility Equity Active ETFScore 79
  4. Rank 1ADFAWDimensional World Equity ETFScore 79
  5. Rank 5ABFLXiShares Flexible Equity Active ETFScore 74
  6. Rank 41FNXTEAXS Green Alpha ETFScore 22
  7. Rank 42FFORHFormidable ETFScore 17
  8. ARIANot yet graded
  9. HXENot yet graded

Our read on each fund

ETF.net Research

DFAWADimensional World Equity ETF

FORHFFormidable ETF

In short

DFAW No data

FORH Most global equity funds hand you the whole market cheaply. FORH goes the other way: a concentrated, actively picked stock book with an optional tail hedge built from options and volatility-linked funds.

Stated mandate

DFAW No data

FORH The Fund seeks long-term capital appreciation.

Why people hold it

DFAW No data

  • FORH Two jobs in one wrapper: active stock selection plus a hedge the manager can switch on using put and call options, volatility-linked ETFs and ETNs.sec.govformidablefunds.com
  • No index to hug. It is actively managed and non-diversified, so a handful of high-conviction names can carry the portfolio.sec.gov
  • Running since 2021, so the strategy has a live record through real market swings rather than a backtest.formidablefunds.com

Worth knowing

DFAW No data

  • FORH The 1.19% fee sits well above the median for its global active-equity peers, where index-built rivals like GSWO and AVGE charge a fraction of that.
  • Small and thinly traded, so spreads can be wider and larger orders may move the price more than in a giant index fund.
  • Hedging is not free: options and volatility exposure can drag when markets climb steadily, and concentration cuts both ways.sec.govformidablefunds.com

Full DFAW profile⁠

Full FORH profile⁠

DFAW vs FORH 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.

DFAW vs FORH Cost

Overpaying FORH vs DFAW

$16,938

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

  • DFAW 0.23%

    $4,759

  • FORH 1.19%

    $21,697

$10,000
30 years

Cost over time

  • DFAW 0.23%
  • FORH 1.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530FORH $21,697DFAW $4,759

Year by year

YearDFAWFORHOverpaying
10$419$2,081$1,662
20$1,630$7,756$6,126
30$4,759$21,697$16,938

Expense ratio

  • 0.23%DFAW, cheaper
  • 1.19%FORH
  • Middle half of Global Active Equity funds
  • Median 0.69%

DFAW 2nd cheapest of 44 funds

FORH 43rd cheapest of 44 funds

DFAW vs FORH Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
DFAW 1.30%
FORH 1.90%, better
Payout (12M)
DFAW $1.08
FORH $0.44
Last payment
DFAW $0.26
FORH $0.44
Ex-dividend
DFAW Sep 22, 2026
FORH Dec 24, 2025
Paid on
DFAW Sep 24, 2026
FORH Dec 26, 2025
Frequency
DFAW Quarterly
FORH Irregular

Distribution history

Per share, 2021 to 2026, same scale for both

DFAWQuarterly · 12 paymentsAll DFAW payments⁠
One bar per payment. 12 payments from 2021 to 2026 YTD. Dec 21, 2023 $0.23; Mar 19, 2024 $0.10; Jun 18, 2024 $0.30; Sep 17, 2024 $0.22; Dec 19, 2024 $0.30; Mar 25, 2025 $0.14; Jun 24, 2025 $0.36; Sep 23, 2025 $0.24; Dec 18, 2025 $0.28; Mar 24, 2026 $0.16; Jun 23, 2026 $0.38; Sep 22, 2026 $0.26. Use the arrow keys to read each point.$0$120232026YTD
FORHIrregular · 4 paymentsAll FORH payments⁠
One bar per payment. 4 payments from 2021 to 2026 YTD. Dec 27, 2021 $0.17; Dec 27, 2022 $0.87; Dec 26, 2023 $0.87; Dec 24, 2025 $0.44. Use the arrow keys to read each point.$0$120232026YTD

DFAW vs FORH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DFAW 11.8%, betterFORH 13.3%
Return per unit of riskSharpe ratio, 3 years
DFAW 1.37, betterFORH 0.08
Worst fallMax drawdown, 5 years
DFAW −16.9%since Sep 2023FORH −20.8%
Market sensitivityBeta, 5 years
DFAW 0.91FORH 0.72

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