DFAX — Dimensional World ex U.S. Core Equity 2 ETF

DFAX Price Performance — Growth of $10,000

Value of a $10,000 investment in DFAX over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

DFAX Drawdown

The "underwater" chart: DFAX's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

Dimensional Fund Advisors issues the Dimensional World ex U.S. Core Equity 2 ETF, a $12.4 billion fund tracking the International Developed category. It holds a B+ grade with an overall rank of #75 out of 458 tracked ETFs and sits at #7 among its 22 category peers. The fund carries a 0.28% expense ratio, which is higher than the category median of 0.165%, while offering a 2.49% dividend yield below the median of 3.12%. Top holdings represent only 11.0% of assets, with the largest position being Dimensional Fund Advisors LP at 3.2%.

The fund has delivered a 16.98% return over the past year, outperforming the category median of 13.09%, though short-term momentum has slowed with a -3.41% drop over the last month. Year-to-date gains stand at 10.34%, contrasting with a slight -0.16% decline over the three-month horizon. The current price of $35.99 places the ETF at 65.3% of its 52-week range. Its B+ rating has remained unchanged across the last 35 tracked days, based on 3.0 years of available price history.

With a beta of 0.98, the ETF moves in close alignment with the broader market, exhibiting a moderate annualized volatility of 16.78%. A Sharpe ratio of 0.71 suggests reasonable risk-adjusted returns, supported by a maximum drawdown of -13.89%. Liquidity is evident through an average daily volume of 677,534 shares, indicating active trading. These metrics collectively describe a fund that has managed downside risk while maintaining steady market correlation.

AI-generated summary based on the data on this page.

DFAX Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 11.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how DFAX's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With DFAX

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with DFAX's top 10 — IXUS overlaps most, holding 6 of the same companies as DFAX's top 10 (6.8% of DFAX's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 121.40 (as of 2026-10-16) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

DFAX Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 678K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $12.4B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: DFAX is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

DFAX Performance History

How DFAX Compares to Other International Developed ETFs