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
$ 11.9 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 +
| SAMCO INC | 7.1 % |
| GOLDMAN SACHS GROUP INC | 2.5 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 1.7 % |
| SAMSUNG ELECTRONICS CO LTD | 1.2 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 1.0 % |
| HYNIX SEMICONDUCTOR INC | 0.8 % |
| ASML HOLDING NV-NY REG SHS | 0.7 % |
| NOVARTIS AG-ADR | 0.7 % |
| TOTAL SA | 0.5 % |
| TENCENT HOLDINGS LTD | 0.5 % |
Constituent Breakdown
| Number of holdings | 10558 |
| Herfindahl-Hirschman Index | 70 |
| Wgt avg mkt cap (mns) | $133,977 |
| Large cap (>$10bn) | 60.5% |
| Mid cap ($2-10bn) | 22.9% |
| Small cap (<$2bn) | 7.8% |
| Developed mkts. | 63.6% |
| Emerging mkts. | 29.2% |
Sector Breakdown
Country Exposure
 |
JAPAN | 14.2 % |
 |
TAIWAN | 8.9 % |
 |
CANADA | 8.0 % |
 |
CHINA | 5.5 % |
 |
SOUTH KOREA | 5.5 % |
 |
BRITAIN | 5.4 % |
 |
GERMANY | 4.8 % |
 |
SWITZERLAND | 4.3 % |
 |
FRANCE | 4.0 % |
 |
INDIA | 3.6 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.6% | 25.4% | 20.4% | 16.5% | -- | -- | -- | 6.5% |
| Dividend Yield | 1.3% | 3.2% | 3.4% | 3.4% | -- | -- | -- | 3.3% |
| Total Returns | 13.9% | 28.6% | 23.8% | 19.9% | -- | -- | -- | 9.9% | Ann. Volatility | 20.2% | 16.0% | 16.3% | 15.0% | -- | -- | -- | 16.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 64% |
| MSCI EAFE | 0.98 | 91% |
| MSCI Emg Mkts | 0.64 | 84% |
Liquidity Measures
| Avg. volume (000) | 853 |
| ADV traded (mns) | $31 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $36.65 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.10/-0.04 |
| Bollinger Bands (Upper/Lower) | $37.46/$35.92 |
| Short interest (% of AUM) | 0.3% |
Distributions
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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 | 57.4% | -7 bp | -1.1% |
| VXUS | Vanguard Total International Stock ETF | 52.6% | -25 bp | -0.6% |
| IXUS | iShares Core MSCI Total International Stock ETF | 52.0% | -23 bp | -0.6% |
| DFAI | Dimensional International Core Equity Market ETF | 52.0% | -12 bp | -0.4% |
| DXIV | Dimensional International Vector Equity ETF | 50.1% | +4 bp | -0.7% |
| VEU | Vanguard FTSE All-World ex-US Index Fund | 49.4% | -26 bp | -0.5% |
| GXUS | Goldman Sachs MarketBeta Total International Equity ETF | 45.6% | -12 bp | -0.9% |
| ACWX | iShares MSCI ACWI ex U.S. ETF | 45.2% | +4 bp | +0.1% |
| VSGX | Vanguard ESG International Stock ETF | 45.0% | -20 bp | -0.6% |
| VEA | Vanguard FTSE Developed Markets ETF | 43.7% | -27 bp | -1.4% |
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 7/21/2026
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
7.9%
ALTAR SCORE™
90th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 734 funds in the Global Equity category with an average
ALTAR Score™ of 4.5% and a standard deviation
of 2.7%. DFAX's ALTAR Score™ is approximately 1.3 standard
deviations above the category average. This places DFAX in the 90th percentile
among funds in the category.
Sell-Side Consensus
$40.82
PRICE TARGET
+13.6%
UPSIDE