CVIE vs DMXF: Grades, Fees and Holdings Compared

Calvert International Responsible Index ETF

CVIEBNYSE Arca

iShares ESG Advanced MSCI EAFE ETF

DMXFANasdaq

Overlap

38.1%by weight

Expense ratio

DMXF −0.06pt a year

CVIE0.18%DMXF0.12%

Avg volume · 30D

DMXF 3.1×the volume

CVIE24.6KDMXF75.7K

3Y return · a year

CVIE +4.2pt

CVIE+22.8%DMXF+18.6%

CVIE vs DMXF Performance

Oct 31, 2025 – Oct 30, 2026

+17.9%CVIE+14.0%DMXF

Expense ratio: CVIE 0.18%; DMXF 0.12%, better
Fund size: CVIE $502M; DMXF $1.04B
1Y total return: CVIE +17.9%, better; DMXF +14.0%
Yield (12M): CVIE 2.47%; DMXF 4.22%, better
Holdings: CVIE 741; DMXF 408
Avg volume (30D): CVIE 24.6K sh; DMXF 75.7K sh, better
NAV per share: CVIE $80.89; DMXF $83.48
52W range

ETF.net Grade

Pillar letters and Scores for CVIE, DMXF, with each pillar’s weight
Pillar	CVIE	DMXF
Cost30% weight	A76	A88Higher
Mission25% weight	B64	A100Higher
Risk15% weight	C44Higher	D36
Tradability15% weight	C40	A74Higher
Holdings10% weight	C54Higher	C45
Durability5% weight	C53	A76Higher

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. CVIE and DMXF are both graded against the same 18 International ESG & Values Index funds, so their Grades compare head to head.

International ESG & Values Index⁠

Category · 18 funds

See all 18 ›

DMXF ranks 3rd and CVIE 9th of 18 funds in the International ESG & Values Index Category.

Rank 1AVSGXVanguard ESG International Stock ETFScore 82
Rank 2AESGDiShares ESG Aware MSCI EAFE ETFScore 79
Rank 3ADMXFiShares ESG Advanced MSCI EAFE ETFScore 76
Rank 4AFEDMNorthern Trust ESG & Climate Developed Markets ex-US Core ETFScore 72
Rank 7BNUDMNuveen ESG International Developed Markets EquityScore 60
Rank 9BCVIECalvert International Responsible Index ETFScore 59
Rank 9BDFSIDimensional International Sustainability Core 1 ETFScore 59

Our read on each fund

ETF.net Research

CVIEBCalvert International Responsible Index ETF

DMXFAiShares ESG Advanced MSCI EAFE ETF

In short

CVIE A responsible-investing take on developed markets outside the US, built on Calvert's own index rather than a licensed screen, for 0.18% a year. That is roughly half the typical fee in its peer group.

DMXF The strict one. Where iShares' ESG Aware EAFE fund screens five controversial businesses, DMXF screens fourteen, including the whole energy sector, and charges less than its lighter-screened sibling to do it.

Stated mandate

CVIE The Fund seeks to track the Calvert International Responsible Index. It uses passive indexing and invests primarily in securities represented by that index.

DMXF The fund seeks to track an index of developed-market equities outside the United States and Canada, while incorporating positive environmental, social, and governance characteristics.

Why people hold it

CVIE 0.18% a year: roughly half the typical fee among the international index funds we track, and level with unscreened GXUS.
The screen is in-house. It tracks the Calvert International Responsible Index, so the research and the fund come from the same shop, not a rented third-party benchmark.
Straightforward build: a registered 1940 Act fund that passively indexes developed-market stocks, with cash paid out quarterly.
Lands in the upper half of its international index-fund peer group on our review.

DMXF 0.12% a year, roughly half the typical fee among international ESG funds, and cheaper than the softer-screened iShares sibling ESGD at 0.20%.ishares.com
Fourteen business-involvement screens: fossil fuels, nuclear power and weapons, GMOs, palm oil, for-profit prisons, predatory lending, gambling, tobacco and more.ishares.com
The fossil fuel screen is categorical, not cosmetic: the index drops the entire GICS energy sector plus companies with industry ties such as thermal coal.blackrock.com
Sticks tightly to its MSCI EAFE Choice ESG Screened index, one of the stronger implementations among international ESG funds.

Worth knowing

CVIE Thinly traded next to the category's giants, so the spread and a limit order matter more here.
Developed markets only, and it opened in 2023: no emerging-market sleeve, and a short record to judge.
Cheap for a screened fund, but broad unscreened rivals go lower. VXUS charges 0.05%.

DMXF Deep exclusions mean real drift from plain EAFE. Sibling ESGD is built to keep risk and return close to the parent index; DMXF is not.ishares.com ishares.com 2
About 400 stocks, a narrower slate than the unscreened parent index, so individual names and surviving sectors carry more weight.
Mid-sized and moderately traded rather than a category heavyweight, and distributions arrive once or twice a year rather than quarterly.

Full CVIE profile⁠

Full DMXF profile⁠

CVIE vs DMXF Holdings

How CVIE and DMXF differ

Overlap by weight

38.1%

Shared holdings make up 91.7% of DMXF and 38.2% of CVIE.

Level by level

Holdings321 in both38.1%
Countryby domicile63.5%
Sector11 Sectors86.3%
Asset classEquity100%

Sector

Sector weights in CVIE and DMXF, widest gap first
Sector	More in CVIEMore in DMXF	CVIE	DMXF
Financials	DMXF +7.6 points	25.6%	33.2%
Technology	CVIE +4.9 points	24.4%	19.5%
Consumer Staples	CVIE +3.1 points	5.5%	2.4%
Health Care	DMXF +2.9 points	8.2%	11.1%
Utilities	CVIE +2.5 points	3.2%	0.7%
Communication	DMXF +1.7 points	4.0%	5.7%
Real Estate	DMXF +1.5 points	1.2%	2.7%
Materials	CVIE +1.3 points	6.3%	5.0%
Energy	CVIE +1.0 points	1.0%	0.0%
Consumer Discretionary	CVIE +0.9 points	5.6%	4.7%
Industrials	DMXF +0.1 points	14.8%	14.9%

Country, concentration and asset class

Country by domicile

Country weights in CVIE and DMXF, widest gap first
Country	More in CVIEMore in DMXF	CVIE	DMXF
Japan	DMXF +14.7 points	16.3%	31.0%
Taiwan	CVIE +10.5 points	10.5%	0.0%
Canada	CVIE +10.2 points	10.2%	0.0%
South Korea	CVIE +7.3 points	7.3%	0.0%
Netherlands	DMXF +6.8 points	4.0%	10.8%
United Kingdom	CVIE +3.5 points	9.4%	5.9%
Switzerland	DMXF +2.7 points	7.9%	10.6%
Germany	DMXF +1.9 points	6.4%	8.3%
Other countries (18)	DMXF +5.4 points	28.1%	33.5%

Outside the US: CVIE 81% developed, 19% emerging. DMXF 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

CVIE19.3%
DMXF22.3%

Securities held

CVIE726
DMXF393

Asset class

CVIE: Equity
DMXF: Equity

Holdings

Only in CVIE405
In both321
Only in DMXF72

Only in CVIE

405 securities, 61.5% of CVIE by weight

Taiwan Semiconductor5.72%
Samsung Electronics Co2.93%
Sk Hynix Inc Common Stock2.10%
Roche Holding AG Common1.28%
Astrazeneca PLC Common1.08%
Royal Bank of Canada1.04%
Hsbc Holdings PLC Common1.02%
Nestle SA Common Stock0.98%
Siemens AG Common Stock0.87%
Toronto-Dominion Bank/The0.80%
Toyota Motor Corp Common0.65%
Mediatek Inc Common Stock0.60%
Iberdrola SA Common Stock0.57%
Rolls-Royce Holdings PLC0.57%
Banco Santander SA Common0.54%
Unilever PLC Common Stock0.54%
Sony Group Corp Common0.52%
Hitachi Ltd Common Stock0.51%
Bank of Montreal Common0.47%
Bank of Nova Scotia/The0.47%
Ubs Group AG Common Stock0.47%
Canadian Imperial Bank of0.46%
Unicredit Spa Common0.44%
Siemens Energy AG Common0.43%
Banco Bilbao Vizcaya0.42%
Safran SA Common Stock0.42%
Novo Nordisk A/S Common0.42%
Agnico Eagle Mines Ltd0.41%
Gsk PLC Common Stock Gbp0.40%
L'oreal SA Common Stock0.39%
Bae Systems PLC0.37%
Kioxia Holdings Corp0.37%
Canadian Pacific Kansas0.36%
Deutsche Telekom AG0.36%
Intesa Sanpaolo Spa0.36%
Sanofi SA Common Stock0.36%
Anz Group Holdings Ltd0.36%
Anglo American PLC Common0.35%
Manulife Financial Corp0.35%
National Australia Bank0.35%
Bnp Paribas SA Common0.34%
Repsol SA Common Stock0.34%
Cie Financiere Richemont0.33%
Enel Spa Common Stock Eur0.32%
National Grid PLC Common0.32%
Brookfield Corp Common0.32%
Lvmh Moet Hennessy Louis0.31%
Spotify Technology SA0.31%
Itochu Corp Common Stock0.30%
Atlas Copco Ab Common0.30%

Only in DMXF

72 securities, 7.7% of DMXF by weight

Spotify Technology0.81%
Argenx0.53%
Sandoz Group AG0.39%
Bank Leumi Le Israel0.30%
Stmicroelectronics0.27%
Japan Post Holdings Ltd0.22%
Coca Cola Europacific Partners PLC0.21%
Banca Monte Dei Paschi Di Siena Sp0.21%
Suzuki Motor0.19%
Konami Group0.15%
Schindler Holding Par AG0.14%
Resonac Holdings0.14%
Henkel & Kgaa Pref AG0.12%
Israel Discount Bank Ltd0.12%
Coca Cola Hbc AG0.12%
Check Point Software Technologies0.12%
Sumitomo Metal Mining0.12%
Sumitomo Realty & Development0.12%
Furukawa Electric Ltd0.11%
Unipol Assicurazioni Spa0.11%
Endeavour Mining0.10%
Taisei0.10%
Shiseido0.09%
Skanska B0.09%
Asx Ltd0.09%
Yamaha Motor0.09%
Kokusai Electric0.09%
Coloplast B0.08%
Pan Pacific International Holdings0.08%
Sitc International Holdings Ltd0.08%
Eisai0.08%
Chiba Bank0.08%
Klepierre Reit SA0.08%
Raiffeisen Bank International AG0.08%
Epiroc Class B0.08%
Fresenius Medical Care AG0.07%
West Japan Railway0.07%
Sartorius Pref AG0.07%
Capitaland Ascendas Reit0.07%
Mtr Corporation0.07%
Sanrio0.07%
Securitas B0.07%
Millicom International Cellular0.07%
Mitsui Kinzoku Limited Ltd0.06%
Dai Nippon Printing0.06%
Minebea Mitsumi Inc0.06%
Grab Holdings Class A0.06%
Infratil Ltd0.06%
Shimizu0.06%
Hankyu Hanshin Holdings0.06%

Weight gaps

The 100 widest of 321 Holdings in both funds.

Holding weights in CVIE and DMXF, widest gap first
Holding	More in CVIEMore in DMXF	CVIE	DMXF
Asml Holding NV Common	DMXF +3.62 points	2.10%	5.72%
Novartis AG Common Stock	DMXF +1.69 points	1.09%	2.78%
Mitsubishi Ufj Financial	DMXF +1.37 points	0.82%	2.19%
Sap SE Common Stock Eur 0	DMXF +1.31 points	0.92%	2.23%
Commonwealth Bank of	DMXF +1.12 points	0.71%	1.83%
Allianz SE Common Stock	DMXF +1.06 points	0.68%	1.74%
Advantest Corp Common	DMXF +0.91 points	0.61%	1.52%
Recruit Holdings Co Ltd	DMXF +0.89 points	0.62%	1.51%
Sumitomo Mitsui Financial	DMXF +0.85 points	0.55%	1.40%
Tokyo Electron Ltd Common	DMXF +0.77 points	0.48%	1.25%
Schneider Electric SE	DMXF +0.75 points	0.61%	1.36%
Abb Ltd Common Stock Chf	DMXF +0.74 points	0.51%	1.25%
Zurich Insurance Group AG	DMXF +0.71 points	0.34%	1.05%
Air Liquide SA Common	DMXF +0.67 points	0.51%	1.18%
Dbs Group Holdings Ltd	DMXF +0.66 points	0.44%	1.10%
Mizuho Financial Group	DMXF +0.66 points	0.41%	1.07%
Aia Group Ltd Common	DMXF +0.60 points	0.34%	0.94%
Tokio Marine Holdings Inc	DMXF +0.59 points	0.33%	0.92%
Softbank Group Corp	DMXF +0.58 points	0.41%	0.99%
Keyence Corp Common Stock	DMXF +0.56 points	0.31%	0.87%
Ing Groep NV Common Stock	DMXF +0.53 points	0.32%	0.85%
Westpac Banking Corp	DMXF +0.50 points	0.33%	0.83%
Oversea-Chinese Banking	DMXF +0.42 points	0.28%	0.70%
Relx PLC Common Stock GbpREL.L	DMXF +0.41 points	0.25%	0.66%
Investor Ab Common Stock	DMXF +0.40 points	0.30%	0.70%
Infineon Technologies AG	DMXF +0.40 points	0.29%	0.69%
Axa SA Common Stock Eur	DMXF +0.39 points	0.31%	0.70%
Nintendo Co Ltd Common	DMXF +0.38 points	0.16%	0.54%
Deutsche Boerse AG Common	DMXF +0.37 points	0.25%	0.62%
Macquarie Group Ltd	DMXF +0.35 points	0.26%	0.61%
Murata Manufacturing Co	DMXF +0.35 points	0.26%	0.61%
Shin-Etsu Chemical Co Ltd	DMXF +0.34 points	0.24%	0.58%
Essilorluxottica SA	DMXF +0.34 points	0.22%	0.56%
London Stock ExchangeLSEG.L	DMXF +0.34 points	0.19%	0.53%
Csl Ltd Common Stock Aud	DMXF +0.33 points	0.30%	0.63%
Hermes International Sca	DMXF +0.33 points	0.14%	0.47%
Nordea Bank Abp Common	DMXF +0.33 points	0.17%	0.50%
Swiss Re AG Common Stock	DMXF +0.32 points	0.17%	0.49%
Hoya Corp Common Stock	DMXF +0.32 points	0.20%	0.52%
Lonza Group AG Common	DMXF +0.32 points	0.20%	0.52%
Compass Group PLC CommonCPG.L	DMXF +0.31 points	0.23%	0.54%
Kddi Corp Common Stock	DMXF +0.28 points	0.21%	0.49%
Givaudan SA Common Stock	DMXF +0.26 points	0.16%	0.42%
Societe Generale SA	DMXF +0.25 points	0.15%	0.40%
Prosus NV Common Stock	DMXF +0.25 points	0.18%	0.43%
Galderma Group AG Common	DMXF +0.24 points	0.16%	0.40%
Ferrari NV Common Stock	DMXF +0.25 points	0.20%	0.45%
Nokia Oyj Common Stock	DMXF +0.25 points	0.16%	0.41%
Daiichi Life Group Inc	DMXF +0.25 points	0.12%	0.37%
Ucb SA Common Stock Eur 0	DMXF +0.24 points	0.12%	0.36%
Caixabank SA Common Stock	DMXF +0.23 points	0.18%	0.41%
Erste Group Bank AG	DMXF +0.23 points	0.12%	0.35%
Nec Corp Common Stock Jpy	DMXF +0.23 points	0.12%	0.35%
Assa Abloy Ab Common	DMXF +0.22 points	0.14%	0.36%
Fujitsu Ltd Common Stock	DMXF +0.22 points	0.14%	0.36%
Softbank Corp Common	DMXF +0.22 points	0.18%	0.40%
MS&AD Insurance Group	DMXF +0.22 points	0.15%	0.37%
Japan Post Bank Co Ltd	DMXF +0.22 points	0.10%	0.32%
Hong Kong Exchanges &	DMXF +0.22 points	0.18%	0.40%
Legrand SA Common Stock	DMXF +0.21 points	0.14%	0.35%
Ntt Inc Common Stock Jpy	DMXF +0.21 points	0.10%	0.31%
Fujikura Ltd Common Stock	DMXF +0.21 points	0.14%	0.35%
Kbc Group NV Common Stock	DMXF +0.21 points	0.07%	0.28%
United Overseas Bank Ltd	DMXF +0.21 points	0.16%	0.36%
Daiichi Sankyo Co Ltd	DMXF +0.21 points	0.07%	0.28%
Prudential PLC CommonPRU.L	DMXF +0.20 points	0.09%	0.29%
Sandvik Ab Common Stock	DMXF +0.20 points	0.15%	0.35%
Swiss Life Holding AG	DMXF +0.20 points	0.10%	0.30%
3I Group PLC Common StockIII.L	DMXF +0.19 points	0.10%	0.29%
Sompo Holdings Inc Common	DMXF +0.19 points	0.15%	0.34%
Haleon PLC Common StockHLN.L	DMXF +0.19 points	0.16%	0.35%
Sika AG Common Stock Chf	DMXF +0.20 points	0.11%	0.31%
Fanuc Corp Common Stock	DMXF +0.19 points	0.13%	0.32%
Renesas Electronics Corp	DMXF +0.19 points	0.10%	0.29%
Sampo Oyj Common Stock	DMXF +0.18 points	0.06%	0.24%
Abn Amro Bank NV Dutch	DMXF +0.18 points	0.07%	0.25%
Asm International NV	DMXF +0.19 points	0.17%	0.36%
Otsuka Holdings Co Ltd	DMXF +0.18 points	0.12%	0.30%
Genmab A/S	DMXF +0.18 points	0.14%	0.32%
Adidas AG Common Stock	DMXF +0.17 points	0.11%	0.28%
Chugai Pharmaceutical Co	DMXF +0.17 points	0.10%	0.27%
Disco Corp Common Stock	DMXF +0.18 points	0.08%	0.26%
Amadeus It Group SA	DMXF +0.17 points	0.08%	0.25%
Alcon AG Common Stock Chf	DMXF +0.18 points	0.15%	0.33%
Orange SA Common Stock	DMXF +0.17 points	0.11%	0.28%
Goodman Group Stapled	DMXF +0.17 points	0.18%	0.35%
Komatsu Ltd Common Stock	DMXF +0.17 points	0.15%	0.32%
Skandinaviska Enskilda	DMXF +0.16 points	0.12%	0.28%
Aviva PLC Common StockAV.L	DMXF +0.16 points	0.11%	0.27%
Aib Group PLC Common	DMXF +0.16 points	0.06%	0.22%
Ferrovial SE Common Stock	DMXF +0.15 points	0.10%	0.25%
Nebius Group NV CommonNBIS	DMXF +0.15 points	0.14%	0.29%
Tdk Corp Common Stock Jpy	DMXF +0.16 points	0.13%	0.29%
Nn Group NV Common Stock	DMXF +0.15 points	0.06%	0.21%
Astellas Pharma Inc	DMXF +0.15 points	0.11%	0.26%
Vestas Wind Systems A/S	DMXF +0.15 points	0.11%	0.26%
Qbe Insurance Group Ltd	DMXF +0.15 points	0.11%	0.26%
Ajinomoto Co Inc Common	DMXF +0.15 points	0.11%	0.26%
Sumitomo Mitsui Trust	DMXF +0.15 points	0.10%	0.25%
Fresenius SE & Co Kgaa	DMXF +0.15 points	0.06%	0.21%

All CVIE holdings⁠All 393 DMXF holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CVIE vs DMXF Cost

Overpaying CVIE vs DMXF

$1,229

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

CVIE 0.18%
$3,749
DMXF 0.12%
$2,520

Amount$10,000

Years30 years

Cost over time

CVIE 0.18%
DMXF 0.12%
Overpaying

Year by year

Year	CVIE	DMXF	Overpaying
10	$328	$220	$108
20	$1,281	$859	$422
30	$3,749	$2,520	$1,229

Expense ratio

0.18%CVIE
0.12%DMXF, cheaper

DMXF0.12%CVIE0.18%

0.10%0.95%

Middle half of International ESG & Values Index funds
Median 0.23%

DMXF 2nd cheapest of 18 funds

CVIE 5th cheapest of 18 funds

CVIE vs DMXF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CVIE 2.47%; DMXF 4.22%, better
Payout (12M): CVIE $1.99; DMXF $3.54
Last payment: CVIE $0.25; DMXF $1.03
Ex-dividend: CVIE Sep 21, 2026; DMXF Jun 15, 2026
Paid on: CVIE Sep 25, 2026; DMXF Jun 18, 2026
Frequency: CVIE Quarterly; DMXF Twice a year

Distribution history

Per share, 2020 to 2026, same scale for both

CVIEQuarterly · 15 paymentsAll CVIE payments⁠

DMXFTwice a year · 13 paymentsAll DMXF payments⁠

CVIE vs DMXF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CVIE 13.9%DMXF 12.8%, better
Return per unit of riskSharpe ratio, 3 years: CVIE 1.24, betterDMXF 1.06
Worst fallMax drawdown, 5 years: CVIE −13.5%since Feb 2023DMXF −33.7%
Market sensitivityBeta, 5 years: CVIE 1.10DMXF 0.86; Market = 1

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