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 $12.6 billion fund tracking the International Developed category. It holds a B+ grade and ranks 6th among 22 peers, placing it in the upper tier of its specific group. The fund’s 0.28% expense ratio exceeds the category median of 0.165%, while its 2.24% dividend yield trails the peer average of 2.53%. Top holdings represent only 11.5% of assets, with the largest position being Dimensional Fund Advisors LP at 4.5%. This concentration suggests a broad exposure strategy rather than reliance on a few dominant names.

The fund has delivered a 1-year return of 25.96%, outperforming the category median of 19.27% and contributing to its recent upgrade from B to B+ on 2026-08-05. Short-term momentum is evident, with gains of 1.22% over one month and 5.44% over three months. Year-to-date performance stands at 16.47%, indicating strong recent results compared to the full year. The price of $38.21 sits at 93.4% of its 52-week range, reflecting near-term strength. Historical data is limited to 3.0 years, which constrains the depth of long-term trend analysis.

With a beta of 0.98, the ETF moves in close alignment with broader market fluctuations. Annualized volatility of 16.56% is classified as Moderate, suggesting manageable price swings. The Sharpe ratio of 1.27 indicates that returns have compensated well for the risk taken. Maximum drawdowns have reached -13.89%, showing the extent of recent declines. Liquidity is supported by an average daily volume of 740,782 shares and a tight bid-ask spread of 0.08%.

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

DFAX Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 11.5% 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 — ACWX overlaps most, holding 6 of the same companies as DFAX's top 10 (5.9% 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: 4.80% (as of 2026-09-08) — 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): 15.72 (as of 2026-09-08) — 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: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 118.07 (as of 2026-09-04) — 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: Quoted bid/ask spread is 0.08% and average daily volume is 741K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $12.6B 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