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

The Dimensional World ex U.S. Core Equity 2 ETF (DFAX) is an International Developed fund issued by Dimensional Fund Advisors with $11.9 billion in assets under management. Trading at $36.21 per share, the fund carries an expense ratio of 0.28% and offers a dividend yield of 2.34%. It currently holds an overall rank of #55 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of B with a score of 74.6/100. The fund's substantial asset base and moderate pricing structure suggest significant investor adoption within the 22 ETFs tracked in its specific category. Its position as a mid-tier performer in the broader universe indicates a balanced profile relative to the wider market of available funds. The combination of a B grade and a 0.28% cost structure aligns with its status as a widely held vehicle in the international equity space.

Short-term performance shows recent declines, with the fund down 0.93% over one day, 0.39% over one week, and 0.88% over the last month. However, the trend shifts to positive territory over longer horizons, as the fund gained 0.41% over three months and 7.21% over six months. Year-to-date returns have accelerated significantly to +10.37%, building on a strong one-year return of +24.45%. This upward trajectory continues into the long term, with the fund delivering a 3-year return of +62.11%. The data illustrates a clear divergence where recent short-term weakness contrasts sharply with robust multi-year growth. While the fund experienced a slight pullback in the immediate past, the sustained gains over the 1Y and 3Y periods demonstrate a resilient performance pattern.

The fund is classified with a Moderate volatility label and exhibits a beta of 0.97, indicating price movements that closely track the broader market with slightly less sensitivity. A Sharpe ratio of 1.19 suggests the fund has generated favorable risk-adjusted returns relative to the volatility it has experienced. Despite this efficiency, the fund has faced a maximum drawdown of -13.89%, representing the largest peak-to-trough decline recorded. This combination of a beta near unity and a moderate volatility rating implies the fund generally moves in sync with market swings without extreme amplification. The Sharpe ratio indicates that the returns generated have historically compensated investors well for the level of risk taken, even as the fund navigated the -13.89% drawdown period.

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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 120.53 (as of 2026-07-17) — 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 0.06% and average daily volume is 751K/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 $11.9B 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