DFAX
Dimensional World ex U.S. Core Equity 2 ETF
DFAX actively invests in non-US companies around the globe, with a focus on small- cap stocks.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 12.4 B
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Inception date | Sep 13, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CASH AND CASH EQUIVALENTS | 7.0 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 2.5 % |
| GOLDMAN SACHS GROUP INC | 2.0 % |
| SAMSUNG ELECTRONICS CO LTD | 1.3 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 1.1 % |
| SK HYNIX INC | 0.8 % |
| ASML HOLDING NV-NY REG SHS | 0.8 % |
| NOVARTIS AG-ADR | 0.6 % |
| TOTAL SA | 0.5 % |
| SHELL PLC-ADR | 0.5 % |
Constituent Breakdown
| Number of holdings | 10540 |
| Herfindahl-Hirschman Index | 73 |
| Wgt avg mkt cap (mns) | $149,069 |
| Large cap (>$10bn) | 60.3% |
| Mid cap ($2-10bn) | 23.1% |
| Small cap (<$2bn) | 7.7% |
| Developed mkts. | 63.3% |
| Emerging mkts. | 29.5% |
Sector Breakdown
Country Exposure
 |
JAPAN | 14.4 % |
 |
TAIWAN | 10.8 % |
 |
CANADA | 7.9 % |
 |
SOUTH KOREA | 5.6 % |
 |
CHINA | 5.3 % |
 |
BRITAIN | 5.2 % |
 |
GERMANY | 4.6 % |
 |
SWITZERLAND | 4.1 % |
 |
FRANCE | 3.8 % |
 |
AUSTRALIA | 3.6 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.1% | 18.0% | 17.1% | 18.0% | 7.4% | -- | -- | 6.3% |
| Dividend Yield | 2.0% | 3.0% | 3.3% | 3.3% | 3.2% | -- | -- | 3.3% |
| Total Returns | 15.1% | 20.9% | 20.3% | 21.3% | 10.7% | -- | -- | 9.6% | Ann. Volatility | 18.5% | 16.9% | 16.1% | 15.2% | 16.1% | -- | -- | 16.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.07 | 67% |
| MSCI EAFE | 1.01 | 90% |
| MSCI Emg Mkts | 0.62 | 85% |
Liquidity Measures
| Avg. volume (000) | 707 |
| ADV traded (mns) | $26 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.14% |
Technical Indicators
| 30d moving avg. (EMA) | $37.07 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.41/0.25 |
| Bollinger Bands (Upper/Lower) | $38.58/$35.31 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DFAX |
Expenses vs. DFAX |
ALTAR Score™ vs. DFAX |
|---|---|---|---|---|
| DFIC | Dimensional International Core Equity 2 ETF | 57.0% | -7 bp | -0.2% |
| IXUS | iShares Core MSCI Total International Stock ETF | 53.5% | -23 bp | +0.3% |
| VXUS | Vanguard Total International Stock ETF | 53.4% | -25 bp | +0.4% |
| DFAI | Dimensional International Core Equity Market ETF | 51.6% | -12 bp | -0.5% |
| VEU | Vanguard FTSE All-World ex-US Index Fund | 50.0% | -26 bp | +0.5% |
| DXIV | Dimensional International Vector Equity ETF | 49.4% | +4 bp | 0.0% |
| ACWX | iShares MSCI ACWI ex U.S. ETF | 46.4% | +4 bp | +0.1% |
| GXUS | Goldman Sachs MarketBeta Total International Equity ETF | 46.4% | -12 bp | +0.2% |
| VSGX | Vanguard ESG International Stock ETF | 45.8% | -20 bp | +0.3% |
| DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 44.3% | +11 bp | -0.1% |
Risk and Returns: DFAX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/20/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.2%
ALTAR SCORE™
83rd
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 735 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. DFAX's ALTAR Score™ is approximately 0.9 standard
deviations above the category average. This places DFAX in the 83rd percentile
among funds in the category.
Sell-Side Consensus
$45.21
PRICE TARGET
+24.0%
UPSIDE