DFEM — Dimensional Emerging Markets Core Equity 2 ETF

DFEM Price Performance — Growth of $10,000

Value of a $10,000 investment in DFEM 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.

DFEM Drawdown

The "underwater" chart: DFEM'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 Emerging Markets Core Equity 2 ETF, an Emerging Markets fund with $9.59 billion in assets under management. It holds a B grade with a score of 64.1 out of 100, ranking 5th among 10 peers in its category and 194th of 458 tracked ETFs overall. The fund’s 0.39% expense ratio exceeds the category median of 0.29%, while its 2.09% dividend yield trails the peer average of 2.49%. Concentration is notable, with the top 10 holdings comprising 24.7% of assets and Taiwan Semiconductor Manufacturing Company Limited representing the largest single position at 10.3%.

The ETF has delivered a 1-year return of 16.48%, slightly outperforming the category median of 16.16%, though recent months show contraction with a 1-month decline of 6.60%. Year-to-date performance stands at 11.58%, contrasting with negative returns over the past week and month. The current price of $37.22 sits at 51.7% of its 52-week range, indicating a mid-range valuation. The rating has remained unchanged at grade B across the last 35 tracked days, and price history is available for 3.0 years.

With an annualized volatility of 23.19%, the fund is labeled as High risk, accompanied by a beta of 1.08 which indicates greater sensitivity to market movements. A Sharpe ratio of 0.50 suggests modest risk-adjusted returns relative to the volatility experienced. The maximum drawdown of -18.09% highlights the extent of peak-to-trough losses during the recorded period. Liquidity is supported by an average daily volume of 877,568 shares, facilitating standard trading activity.

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

DFEM Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 24.7% 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 DFEM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With DFEM

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with DFEM's top 10 — IEMG overlaps most, holding 6 of the same companies as DFEM's top 10 (22.4% of DFEM'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.

DFEM Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 878K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $9.59B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: DFEM 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.

DFEM Performance History

How DFEM Compares to Other Emerging Markets ETFs