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Launched

DFA Real Estate Securities Portfolio ETF Class Shares

DFARNYSE ArcaDimensionalA

$25.65+0.24 (+0.94%)

At close: Nov 2, 2026, 4:00 PM ET

A75/ 100

Rank 5 of 22 in US Real Estate

A75/100Rank 5 of 22inUS Real Estate
Intraday session: up, 79 prints from 25.41 to 25.65. Range 25.40 to 25.68. Use the arrow keys to read each point.25.4525.5025.5525.6010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$8.44B
1Y total return
+13.1%
Yield · Last 12 months
3.42%
Holdings
124
Avg volume · 30D
2.41M sh
52W range
low $22.64high $27.60
Launched

The ETF.net DFAR Grade

A

Score 75 out of 100

Category
US Real Estate⁠
Rank
5 of 22
Six-pillar profile for DFAR. Scores out of 100: Cost 67, Risk 54, Mission 100, Tradability 75, Holdings 77, Durability 75. Strongest: Mission (100). Weakest: Risk (54). Leans toward Mission.

Score 75 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B67 out of 100
    Rank 8 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 16

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C54 out of 100
    Rank 9 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A75 out of 100
    Rank 6 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A77 out of 100
    Rank 6 of 22

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A75 out of 100
    Rank 7 of 22

Our read on DFAR

ETF.net Research

In short

ADimensional's take on US property: roughly 130 real estate names for 0.19% a year, while the typical peer in the category charges about double. A 2022 arrival that does one job and stays inside the lines.

Stated mandate

The fund seeks to achieve long-term capital appreciation.

Why people hold it

  • 0.19% a year against a real estate cohort median near 0.37%. Sector funds rarely hand back that much of the toll.
  • The label and the portfolio match: broad US real estate, no drift into adjacent sectors. One of the tighter mandate implementations among its two dozen category rivals.
  • Roughly 130 holdings, so no single landlord runs the show. A multi-billion-dollar fund that trades actively, which helps keep buying and selling costs modest.
  • Rent shows up on a schedule: the fund distributes quarterly, and the stated goal is long-term capital appreciation.

Worth knowing

  • Cheaper doors into the same room exist: SCHH and USRT run at 0.08%, VNQ at 0.13%.
  • One country, one sector. Real estate moves with interest rates and property cycles, so the ride is bumpier than a broad market fund.
  • Launched in 2022, so the record is short next to peers that have lived through more than one property cycle.

DFAR Performance

Launched Jan 5, 1993

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
DFAR$11,313
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DFAR $11,313. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DFAR. Periods over one year show the average yearly return.
PeriodDFAR
Year to date+13.1%
1 month+5.2%
3 months−4.0%
1 year+13.1%
3 yearsper year+13.6%
5 yearsHistory unavailableper yearNo data
10 yearsHistory unavailableper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DFAR
YearReturn barDFAR
2026 YTD+13.1%
2025+1.3%
2024+5.3%
2023+11.0%
2022−14.3%

History from Feb 24, 2022

DFAR in the news

DFAR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
3.42%Last 12 months
Payout per share
$0.87Last 12 months
Last payment
$0.31 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 19 payments from 2022 to 2026 YTD. Mar 22, 2022 $0.0078; Jun 22, 2022 $0.03; Sep 20, 2022 $0.09; Dec 20, 2022 $0.24; Mar 21, 2023 $0.04; Jun 21, 2023 $0.16; Sep 19, 2023 $0.22; Dec 19, 2023 $0.28; Mar 19, 2024 $0.02; Jun 18, 2024 $0.15; Sep 17, 2024 $0.15; Dec 17, 2024 $0.36; Mar 25, 2025 $0.02; Jun 24, 2025 $0.14; Sep 23, 2025 $0.14; Dec 16, 2025 $0.38; Mar 24, 2026 $0.04; Jun 23, 2026 $0.14; Sep 22, 2026 $0.31. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 24, 2026$0.31
Jun 23, 2026Jun 25, 2026$0.14
Mar 24, 2026Mar 26, 2026$0.04
Dec 16, 2025Dec 18, 2025$0.38
Sep 23, 2025Sep 25, 2025$0.14
Jun 24, 2025Jun 26, 2025$0.14
Mar 25, 2025Mar 27, 2025$0.02
Dec 17, 2024Dec 19, 2024$0.36
Sep 17, 2024Sep 19, 2024$0.15
Jun 18, 2024Jun 20, 2024$0.15
Mar 19, 2024Mar 22, 2024$0.02
Dec 19, 2023Dec 22, 2023$0.28

See all 19 payments⁠

$10,000 in DFAR 3 years ago paid $1,057 in dividends.⁠

DFAR Risk

Risk pillarC54 out of 100Rank 9 of 22 in US Real Estate
How much the fund’s monthly returns vary, scaled to a year.
16.4%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.59
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−32.3%
56 months · trough Oct 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.92
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DFAR Cost

Compare DFAR and SCHH

Overpaying vs SCHH, cheapest in US Real Estate

$2,472

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DFAR 0.19%

    $3,952

  • SCHH 0.07% Cheapest

    $1,480

$10,000
30 years

Cost over time

  • DFAR 0.19%
  • SCHH 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530DFAR $3,952SCHH $1,480

Year by year

YearDFARSCHHOverpaying
10$347$128$219
20$1,351$503$848
30$3,952$1,480$2,472

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