DFAW vs RFFC: Grades, Fees and Holdings Compared

Dimensional World Equity ETF

DFAWANYSE Arca

ALPS Active Equity Opportunity ETF

RFFCBNYSE Arca

Overlap

0.0%by weight

Expense ratio

DFAW −0.25pt a year

DFAW0.23%RFFC0.48%

Avg volume · 30D

DFAW 93.1×the volume

DFAW98.6KRFFC1.06K

3Y return · a year

RFFC +1.2pt

DFAW+20.7%RFFC+21.9%

DFAW vs RFFC Performance

Oct 31, 2025 – Nov 2, 2026

+15.6%DFAW+15.0%RFFC

Expense ratio: DFAW 0.23%, better; RFFC 0.48%
Fund size: DFAW $1.71B; RFFC $30M
1Y total return: DFAW +15.6%, better; RFFC +15.0%
Yield (12M): DFAW 1.30%, better; RFFC 0.64%
Holdings: DFAW 6; RFFC 59
Avg volume (30D): DFAW 98.6K sh, better; RFFC 1.06K sh
NAV per share: DFAW $82.88; RFFC $75.90
52W range

ETF.net Grade

Pillar letters and Scores for DFAW, RFFC, with each pillar’s weight
Pillar	DFAW	RFFC
Cost30% weight	A95Higher	B67
Mission25% weight	A100	Not scored
Risk15% weight	A75Higher	B68
Tradability15% weight	A83Higher	C53
Holdings10% weight	D32	B67Higher
Durability5% weight	A79Higher	B57

Rank among Global Active Equity funds

How we build Categories ›

Same Category. DFAW and RFFC 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 RFFC 12th of 44 funds in the Global Active Equity Category.

Rank 1AAVGEAvantis All Equity Markets ETFScore 79
Rank 1AAVTMAvantis Total Equity Markets ETF 1Score 79
Rank 1ABDVLiShares Disciplined Volatility Equity Active ETFScore 79
Rank 1ADFAWDimensional World Equity ETFScore 79
Rank 5ABFLXiShares Flexible Equity Active ETFScore 74
Rank 12BJGLOJPMorgan Global Select Equity ETFScore 64
Rank 12BRFFCALPS Active Equity Opportunity ETFScore 64
Rank 14BRGEFRockefeller Global Equity ETFScore 60

Our read on each fund

ETF.net Research

DFAWADimensional World Equity ETF

RFFCBALPS Active Equity Opportunity ETF

In short

DFAW No data

RFFC Most active equity funds ask you to trust a stock picker. RFFC leans on one hard number instead: return on invested capital, applied to an S&P Composite 1500 opportunity set, at a fee below most of its active peers.

Stated mandate

DFAW No data

RFFC RFFC is designed to pursue capital appreciation.

Why people hold it

DFAW No data

RFFC Stock picking with a stated rule behind it: holdings are selected on return on invested capital, a profitability measure rather than a narrative.alpsfunds.com
0.48% a year sits below the typical fee in its active global equity peer group, unusual for a fundamentals-first, hand-picked portfolio.
Live since 2016, so the approach has traded through real market cycles instead of arriving with a theme.
Measured against the S&P Composite 1500, a benchmark that reaches past mega caps into mid and small companies. Pays quarterly.

Worth knowing

DFAW No data

RFFC A small fund that trades thinly. Spreads can run wider than in giant index products, and sizable orders can move the price.
Active by design: the manager's ROIC calls drive the outcome, and the portfolio can diverge from its S&P Composite 1500 benchmark for long stretches.
Cheaper shelf-mates exist in the same peer group, with GSWO at 0.15% and AVGE at 0.25% running rules-based rather than hand-picked.

Full DFAW profile⁠

Full RFFC profile⁠

DFAW vs RFFC Holdings

How DFAW and RFFC differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of DFAW and 0.0% of RFFC.

Level by level

Holdings0 in both0.0%
Countryby domicile77.5%
Sector11 Sectors88.4%
Asset classEquity100%

Sector

Sector weights in DFAW and RFFC, widest gap first
Sector	More in DFAWMore in RFFC	DFAW	RFFC
Health Care	RFFC +5.3 points	9.0%	14.3%
Technology	RFFC +4.6 points	27.2%	31.8%
Financials	DFAW +4.1 points	15.8%	11.7%
Materials	DFAW +2.9 points	4.8%	1.9%
Industrials	DFAW +1.7 points	12.7%	11.0%
Real Estate	DFAW +1.0 points	2.2%	1.2%
Communication	RFFC +0.9 points	6.4%	7.3%
Consumer Staples	DFAW +0.8 points	4.8%	4.0%
Utilities	RFFC +0.8 points	2.0%	2.8%
Energy	DFAW +0.7 points	5.7%	5.0%
Consumer Discretionary	DFAW +0.4 points	9.4%	9.0%

Country, concentration and asset class

Country by domicile

Country weights in DFAW and RFFC, widest gap first
Country	More in DFAWMore in RFFC	DFAW	RFFC
United States	RFFC +19.7 points	73.0%	92.7%
Japan	DFAW +4.5 points	4.5%	0.0%
Taiwan	RFFC +2.7 points	2.5%	5.2%
United Kingdom	DFAW +2.3 points	2.3%	0.0%
China	DFAW +1.7 points	1.7%	0.0%
Canada	DFAW +1.5 points	2.1%	0.6%
South Korea	DFAW +1.5 points	1.5%	0.0%
Germany	DFAW +1.3 points	1.3%	0.0%
Other countries (31)	DFAW +9.6 points	11.1%	1.5%

Outside the US: DFAW 69% developed, 31% emerging.

Concentration

Weight in the 10 largest Holdings

DFAW100.0%
RFFC40.1%

Securities held

DFAW5
RFFC58

Asset class

DFAW: Equity
RFFC: Equity

Holdings

Only in DFAW5
In both0
Only in RFFC58

Only in DFAW

5 securities, 99.9% of DFAW by weight

Dfa Invt Dimensions53.95%
Dfa Intl Core Eqty 2 Etf18.26%
Dfa Us Core Equity 1 Etf17.92%
Dfa Em Core Equity 2 Etf8.19%
Dfa Gbl Real Estate Etf1.63%

Only in RFFC

58 securities, 98.1% of RFFC by weight

Microsoft Corp.6.03%
Apple Inc.5.69%
NVIDIA Corp.5.01%
Taiwan Semiconductor Manufacturing Co. Ltd.4.89%
Johnson & Johnson4.06%
Alphabet Inc.3.89%
Amazon.com Inc.3.44%
JPMorgan Chase & Co.2.39%
ConocoPhillips2.38%
Snowflake Inc.2.37%
Eli Lilly & Co.2.31%
Amphenol Corp.2.13%
RTX Corp.2.06%
Meta Platforms Inc.2.03%
American Express Co.1.82%
Walmart Inc.1.79%
Goldman Sachs Group Inc.1.76%
Caterpillar Inc.1.69%
Mastercard Inc.1.63%
Lam Research Corp.1.56%
Deere & Co.1.50%
Thermo Fisher Scientific Inc.1.50%
Gilead Sciences Inc.1.43%
Waste Management Inc.1.43%
Lowe's Cos. Inc.1.35%
Coca-Cola Co.1.33%
UnitedHealth Group Inc.1.33%
Duke Energy Corp.1.33%
Alliant Energy Corp.1.25%
Welltower Inc.1.22%
Intercontinental Exchange Inc.1.21%
Old Dominion Freight Line Inc.1.19%
Vertex Pharmaceuticals Inc.1.19%
Marriott International Inc.1.16%
Linde PLC1.13%
Phillips 661.12%
Motorola Solutions Inc.1.11%
Baker Hughes Co.1.07%
IQVIA Holdings Inc.1.07%
RenaissanceRe Holdings Ltd.1.04%
TJX Cos. Inc.1.02%
S&P Global Inc.1.02%
O'Reilly Automotive Inc.1.01%
Merck & Co. Inc.0.99%
Wells Fargo & Co.0.97%
Costco Wholesale Corp.0.95%
McDonald's Corp.0.90%
HCA Healthcare Inc.0.83%
Schneider Electric SE0.77%
Freeport-McMoRan Inc.0.77%

Weight gaps

DFAW and RFFC share no securities.

All 6 DFAW holdings⁠All RFFC 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 RFFC Cost

Overpaying RFFC vs DFAW

$4,846

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

DFAW 0.23%
$4,759
RFFC 0.48%
$9,605

Amount$10,000

Years30 years

Cost over time

DFAW 0.23%
RFFC 0.48%
Overpaying

Year by year

Year	DFAW	RFFC	Overpaying
10	$419	$865	$446
20	$1,630	$3,328	$1,698
30	$4,759	$9,605	$4,846

Expense ratio

0.23%DFAW, cheaper
0.48%RFFC

DFAW0.23%RFFC0.48%

0.22%1.19%

Middle half of Global Active Equity funds
Median 0.69%

DFAW 2nd cheapest of 44 funds

RFFC 15th cheapest of 44 funds

DFAW vs RFFC Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DFAW 1.30%, better; RFFC 0.64%
Payout (12M): DFAW $1.08; RFFC $0.48
Last payment: DFAW $0.26; RFFC $0.13
Ex-dividend: DFAW Sep 22, 2026; RFFC Sep 17, 2026
Paid on: DFAW Sep 24, 2026; RFFC Sep 22, 2026
Frequency: DFAW Quarterly; RFFC Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFAWQuarterly · 12 paymentsAll DFAW payments⁠

RFFCQuarterly · 95 paymentsAll RFFC payments⁠

DFAW vs RFFC 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%RFFC 11.8%
Return per unit of riskSharpe ratio, 3 years: DFAW 1.37RFFC 1.45, better
Worst fallMax drawdown, 5 years: DFAW −16.9%since Sep 2023RFFC −22.3%
Market sensitivityBeta, 5 years: DFAW 0.91RFFC 0.92; Market = 1

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