IQ

DEMZ · Democratic Large Cap Core ETF

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$48.55
+2.0% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

DEMZ tracks an index and returned +14.9% over the past year.

Why did DEMZ return +131.6% from Nov 2020 to Oct 2026, against VOO’s +129.7%?Is a 0.45% fee low for a fund like DEMZ?What does DEMZ cost to hold and to trade?
Equity fund · Tracks an indexExpense ratio 0.45%Fund assets $67m net assets, latest filing (Jun 30, 2026)First traded Nov 3, 2020Benchmark S&P 500 Index, measured by VOO, which tracks the same indexSEC filings ↗Dividend history

DEMZ returned +14.9% over the year to Nov 4, 2026, charges 0.45% a year and holds $67m in net assets on Jun 30, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about DEMZAdd to portfolioOverlapAlerts

DEMZ risk and return scorecard

vs VOO · Nov 2020 to Oct 2026 · 311 weekly returns · dividend-adjusted

6.0 years
DEMZ +131.6%, VOO +129.7%, Nov 2020 to Oct 2026, distributions reinvested.
Return
MeasureDEMZVOOEdge
Total return+131.6%+129.7%Tie
Annualized+15.1%+14.9%Tie
Price return+118.0%+111.2%DEMZ (slight)
Risk
MeasureDEMZVOOEdge
Volatility16.8%15.5%VOO (slight)
Max drawdown−26.7%−23.9%VOO
Upside capture104.9%100.0%DEMZ (slight)
Downside capture102.6%100.0%VOO (slight)
Risk-adjusted
MeasureDEMZVOOEdge
Sharpe ratio0.720.76VOO (slight)
Sortino ratio1.111.16VOO (slight)
Alpha vs VOO
MeasureDEMZVOOEdge
Alpha, a year0.0%Not significant
Alpha t-stat−0.01
Beta to VOO1.031.00Higher beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

DEMZ −1.8%, VOO −1.1%: total return over one month to Nov 4, 2026.
DEMZ−1.8%
VOO−1.1%
DEMZ +0.6%, VOO −0.1%: total return over three months to Nov 4, 2026.
DEMZ+0.6%
VOO−0.1%
DEMZ +9.0%, VOO +5.0%: total return over six months to Nov 4, 2026.
DEMZ+9.0%
VOO+5.0%
DEMZ +13.8%, VOO +13.4%: total return over the year to Nov 4, 2026.
DEMZ+13.8%
VOO+13.4%
DEMZ +14.9%, VOO +14.8%: total return over one year to Nov 4, 2026.
DEMZ+14.9%
VOO+14.8%
DEMZ +86.0%, VOO +83.3%: total return over three years to Nov 4, 2026.
DEMZ+86.0%
VOO+83.3%
DEMZ +73.0%, VOO +75.5%: total return over five years to Nov 4, 2026.
DEMZ+73.0%
VOO+75.5%
DEMZ +148.9%, VOO +148.4%: total return since launch to Nov 4, 2026.
DEMZ+148.9%
VOO+148.4%
askIQ: why did DEMZ return +14.9% over one year, against VOO’s +14.8%? ↗

How concentrated, and what does it cost?

not read by ETFIQ
+14.9%
Total return, 1 year
Report
0.45%
Expense ratio
Report
43
Holdings
Report
−1.9%
Below its high
Report
1.0%
12-month yield, capital gains included, on its starting price
Report
$0.4162
Last payment (paid annually), ex-date Dec 30, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 0.45% fee low for a fund like DEMZ? ↗

More on DEMZ

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Price, 1 year

$48.55+2.0%1 day, priceClose, Nov 4, 2026

Price only. Total return over the same days, distributions reinvested, was +14.9%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

DEMZ returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VOO)Gap to VOO
1M Oct 5 – Nov 4, 2026−1.8%−1.1%−0.7 pts
3M Aug 5 – Nov 4, 2026+0.6%−0.1%+0.7 pts
6M May 6 – Nov 4, 2026+9.0%+5.0%+4.0 pts
YTD Dec 31, 2025 – Nov 4, 2026+13.8%+13.4%+0.4 pts
1Y Nov 4, 2025 – Nov 4, 2026+14.9%+14.8%+0.1 pts
3Y Nov 3, 2023 – Nov 4, 2026+86.0%+83.3%+2.7 pts
5Y Nov 5, 2021 – Nov 4, 2026+73.0%+75.5%−2.5 pts
Since launch Nov 3, 2020 – Nov 4, 2026+148.9%+148.4%+0.5 pts
Since launch, annualised Nov 3, 2020 – Nov 4, 2026+16.4%––

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

DEMZ key stats

Holdings43
Top ten weight47.0%

Trading

as of Nov 4, 2026
Trading · DEMZas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

DEMZ for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
DEMZ interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

DEMZ is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

DEMZ top ten by weight, 47.0% of the fund, of its 43 equity positions, from the holdings filed for Jun 30, 2026. An index fund holds what the index holds, so this is the index. Source: the fund’s SEC filing.

LAM RESEARCH CORPORATION LRCX 5.56%
KLA CORPORATION KLAC 5.46%
ADVANCED MICRO DEVICES, INC. AMD 4.90%
MICROSOFT CORPORATION MSFT 4.73%
NVIDIA CORPORATION NVDA 4.70%
APPLE INC. AAPL 4.70%
NORDSON CORPORATION NDSN 4.50%
ALPHABET INC. GOOGL 4.25%
AMPHENOL CORPORATION APH 4.21%
LOEWS CORPORATION L 4.04%
Fund filings on SEC EDGAR ↗See all 43 holdings →Check overlap with another fund →

Source: Holdings filing (SEC Form N-PORT). Data as of Jun 30, 2026. Updated when the fund files its next report.

About DEMZ

What it tracksnot read by ETFIQ
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. large-cap blend
Expense ratio (485BPOS XBRL, Jan 28, 2026)0.45%
Price$48.55
First tradedNov 3, 2020
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$67mReport
Benchmark (ETFIQ, from its filings)S&P 500 Index, measured by VOO, which tracks the same index
Benchmark named inits shareholder report, N-CSR/A, May 20, 2026
DEMZ, 1 year to Nov 4, 2026+14.9%
VOO, the same days+14.8%
Against its benchmark, 1 year (ETFIQ)+0.1 pts
Below its high (ETFIQ)−1.9%
Holdings43
Top ten weight47.0%
Cash, not in the top ten0.6%
Holdings as of (SEC N-PORT)Jun 30, 2026
Already in the S&P 500, by weight (ETFIQ)99.4%
Active share vs the S&P 500 (ETFIQ)73.6%
Already in the Nasdaq-100, by weight (ETFIQ)51.2%
IQ Investment Committee on DEMZ

12 seats on DEMZ, as of Nov 4, 2026: 2 Supports, 4 Mixed, 5 Challenges, 1 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityMixed
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceChallenges
In the tradition ofJohn TempletonTempleton-style Global ContrarianMixed
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatSupports
Put DEMZ to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about DEMZ

How has DEMZ performed?
Over the year to Nov 4, 2026, DEMZ returned +14.9% with distributions reinvested, against +14.8% for the S&P 500. Over three years the number is +86.0%.
What does DEMZ cost?
The prospectus expense ratio is 0.45% a year.
What does DEMZ hold?
43 positions as filed for Jun 30, 2026, with the top ten at 47.0% of the fund. 99% of its weight is in stocks the S&P 500 also holds.
How far is DEMZ below its high?
1.9% below its high of Oct 6, 2026, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, DEMZ and Benchmark (VOO)Tiingo end-of-day · Nov 4, 2026
Fee, 0.45%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $67mSEC filing, whole fund · Jun 30, 2026
HoldingsHoldings filing (SEC Form N-PORT) · Jun 30, 2026 ↗
All fund filingsFund filings on SEC EDGAR ↗
DEMZ’s own site, from Reflection ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
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ETFIQ, DEMZ, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/demz

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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DEMZ: DEMZ over 1 year: total return +14.9%, its benchmark S&P 500 Index through VOO +14.8%, +0.1 pts. Data to Nov 4, 2026.
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<iframe src="https://etfiq.com/embed/core/demz/" title="DEMZ: DEMZ over 1 year: total return +14.9%, its benchmark S&amp;P 500 Index through VOO +14.8%, +0.1 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">DEMZ: DEMZ over 1 year: total return +14.9%, its benchmark S&amp;P 500 Index through VOO +14.8%, +0.1 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/demz">ETFIQ</a></figcaption>
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