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) operates within the International Developed category, which currently contains 22 ETFs tracked by ETFValuer. Issued by Dimensional Fund Advisors, this fund has accumulated $11.9 billion in assets under management while trading at a price of $35.55. It holds an overall rank of #49 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 74.2 out of 100. The fund charges an expense ratio of 0.28% and offers a dividend yield of 2.34%. The substantial asset base and mid-tier ranking suggest significant investor adoption relative to the broader universe of tracked funds. These metrics collectively define the fund's position as a moderately sized, cost-efficient vehicle within its specific sector.

Recent performance data shows a decline over the shortest horizons, with the fund dropping 1.20% in one day, 2.74% over one week, and 2.97% over one month. However, the trend shifts to positive territory over longer periods, as the fund posted a 0.54% gain over three months and a 1.74% increase over six months. Year-to-date returns have accelerated significantly to +8.36%, building on a strong one-year return of +22.71%. This upward momentum extends further into the long term, with the fund delivering a cumulative 3-year return of +64.22%. The data indicates a divergence where short-term volatility has been offset by sustained growth over the past year and beyond. In the same category, peers such as EFV and SCHF have recorded one-year returns of +29.81% and +24.76% respectively.

The fund carries a Moderate volatility label and exhibits a beta of 0.97, indicating that its price movements generally align closely with the broader market. A Sharpe ratio of 1.09 suggests the fund has generated a favorable amount of excess return per unit of risk taken over the measured period. Despite this efficiency, the fund experienced a maximum drawdown of -13.89%, reflecting the depth of losses during its most significant decline. This combination of a beta near unity and a moderate volatility rating implies the fund moves in tandem with market swings without extreme amplification. The Sharpe ratio and drawdown figures together characterize a profile where returns have historically compensated well for the level of downside risk encountered.

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: 4.61% (as of 2026-07-28) — 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): 18.21 (as of 2026-07-28) — 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: 120.71 (as of 2026-07-24) — 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 0.11% and average daily volume is 781K/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