DEHP vs PXH: Grades, Fees and Holdings Compared

Dimensional Emerging Markets High Profitability ETF

DEHPCNYSE Arca

Invesco RAFI Emerging Markets ETF

PXHBNYSE Arca

Overlap

19.0%by weight

Expense ratio

DEHP −0.06pt a year

DEHP0.41%PXH0.47%

Avg volume · 30D

PXH 5.4×the volume

DEHP41.5KPXH223K

3Y return · a year

PXH +1.4pt

DEHP+20.0%PXH+21.4%

DEHP vs PXH Performance

Oct 31, 2025 – Nov 2, 2026

+16.4%DEHP+13.3%PXH

Expense ratio: DEHP 0.41%, better; PXH 0.47%
Fund size: DEHP $417M; PXH $1.94B
1Y total return: DEHP +16.4%, better; PXH +13.3%
Yield (12M): DEHP 1.55%; PXH 4.13%, better
Holdings: DEHP 801; PXH 365
Avg volume (30D): DEHP 41.5K sh; PXH 223K sh, better
NAV per share: DEHP $37.22; PXH $28.02
52W range

ETF.net Grade

Pillar letters and Scores for DEHP, PXH, with each pillar’s weight
Pillar	DEHP	PXH
Cost30% weight	C53Higher	C44
Mission25% weight	Not scored	Not scored
Risk15% weight	D33	B64Higher
Tradability15% weight	D32	A77Higher
Holdings10% weight	C41	B57Higher
Durability5% weight	D39	A76Higher

Rank among Emerging Markets Factor Index funds

How we build Categories ›

Same Category. DEHP and PXH are both graded against the same 10 Emerging Markets Factor Index funds, so their Grades compare head to head.

Emerging Markets Factor Index⁠

Category · 10 funds

See all 10 ›

PXH ranks 4th and DEHP 7th of 10 funds in the Emerging Markets Factor Index Category.

Rank 1AEEMViShares MSCI Emerging Markets Min Vol Factor ETFScore 78
Rank 2BEELVInvesco S&P Emerging Markets Low Volatility ETFScore 66
Rank 3BFNDESchwab Fundamental Emerging Markets Large Company Index ETFScore 64
Rank 4BPXHInvesco RAFI Emerging Markets ETFScore 58
Rank 5CBLESInspire Global Hope ETFScore 49
Rank 6CEEMOInvesco S&P Emerging Markets Momentum ETFScore 45
Rank 7CDEHPDimensional Emerging Markets High Profitability ETFScore 42
Rank 8DECOWPacer Emerging Markets Cash Cows 100 ETFScore 37

Our read on each fund

ETF.net Research

DEHPCDimensional Emerging Markets High Profitability ETF

PXHBInvesco RAFI Emerging Markets ETF

In short

DEHP Dimensional's emerging-markets shelf boiled down to one idea: own the profitable companies. No index, about 800 large caps, 0.41% net of a waiver through February 28, 2027.

PXH Most emerging-markets funds size positions by share price. PXH sizes them by economic footprint (sales, cash flow, dividends, book value), the fundamental-indexing approach it has run since 2007. A value-tilted EM portfolio built from the accounting statements up.

Stated mandate

DEHP The ETF seeks long-term capital appreciation. It uses an integrated investment approach emphasizing long-term expected-return drivers while diversifying across companies, sectors, and countries.

PXH The Fund seeks to track, before fees and expenses, the investment results of the RAFI strategy.

Why people hold it

DEHP Profitability is the whole thesis: the prospectus counts high earnings from operations relative to book value or assets, then overweights those names in the emerging-market universe.sec.gov
No index to copy. Dimensional sets weights off market cap, relative price and profitability, and can reduce or exclude a holding on shorter-term signals such as price momentum.sec.gov
0.41% net of a fee waiver through February 28, 2027 (0.44% gross), near the median for emerging-market factor funds. Below PXH at 0.47%, above FNDE at 0.39%.
Roughly 800 holdings across emerging-market countries and sectors, so the factor bet doesn't ride on a handful of names. Pays quarterly.

PXH Position sizes come from book value, cash flow, sales and dividends, not market price, so a stock rallying does not automatically earn a bigger slot in the fund.invesco.com lseg.com
Running since 2007, one of the longest-lived fundamental-index plays in emerging markets, now at billion-dollar scale and moderately traded.
Roughly 400 stocks across emerging markets, paid out quarterly. Broad coverage rather than a concentrated country or sector bet.

Worth knowing

DEHP One factor, one region. When profitable large caps trail cheaper or calmer emerging-market stocks, the tilt works against it; min-vol peers EEMV and EELV play a different game.sec.gov
Not among the busier tickers in its category, so the spread and a limit order are worth a look at the point of trade.
Active, with no declared index behind it, so there's no tracking-error yardstick. What you get is Dimensional's weighting process.sec.gov

PXH At 0.47% it costs a shade more than the 0.45% median index tracker, and multiples of the cheapest broad index funds (VT charges 0.06%).
Weighting by fundamentals means the portfolio can look very different from cap-weighted EM benchmarks, and move differently from them for long stretches.lseg.com invesco.com
The benchmark switched in 2025 (it was the FTSE RAFI Emerging Index before), so the fund's long history predates today's selection rules.invesco.com

Full DEHP profile⁠

Full PXH profile⁠

DEHP vs PXH Holdings

How DEHP and PXH differ

Overlap by weight

19.0%

Shared holdings make up 31.6% of DEHP and 31.6% of PXH.

Level by level

Holdings85 in both19.0%
Sector11 Sectors61.4%
Countryby domicile67.9%
Asset classEquity100%

Sector

Sector weights in DEHP and PXH, widest gap first
Sector	More in DEHPMore in PXH	DEHP	PXH
Technology	DEHP +27.3 points	47.4%	20.1%
Financials	PXH +21.6 points	6.2%	27.8%
Energy	PXH +8.3 points	4.8%	13.1%
Communication	DEHP +5.5 points	11.3%	5.8%
Industrials	DEHP +4.3 points	9.3%	5.0%
Materials	PXH +3.5 points	7.1%	10.6%
Consumer Discretionary	PXH +2.5 points	7.7%	10.2%
Utilities	PXH +1.8 points	0.5%	2.3%
Health Care	DEHP +1.3 points	2.3%	1.0%
Real Estate	PXH +1.2 points	0.3%	1.5%
Consumer Staples	DEHP +0.2 points	3.0%	2.8%

Country, concentration and asset class

Country by domicile

Country weights in DEHP and PXH, widest gap first
Country	More in DEHPMore in PXH	DEHP	PXH
South Korea	DEHP +21.2 points	21.3%	0.1%
China	PXH +17.8 points	18.7%	36.5%
Brazil	PXH +7.2 points	3.5%	10.7%
Taiwan	DEHP +5.7 points	32.1%	26.4%
Thailand	PXH +2.2 points	1.1%	3.3%
South Africa	PXH +2.2 points	3.9%	6.1%
India	DEHP +1.8 points	11.8%	10.0%
Mexico	PXH +1.8 points	1.4%	3.2%
Other countries (12)	DEHP +2.5 points	6.2%	3.7%

Outside the US: DEHP 1% developed, 99% emerging. PXH 1% developed, 99% emerging.

Concentration

Weight in the 10 largest Holdings

DEHP35.1%
PXH28.3%

Securities held

DEHP780
PXH359

Asset class

DEHP: Equity
PXH: Equity

Holdings

Only in DEHP695
In both85
Only in PXH274

Only in DEHP

695 securities, 68.3% of DEHP by weight

Sk Hynix Inc9.57%
Tencent Holdings Ltd3.88%
Samsung Electronics Co Lt3.52%
Elite Material Co Ltd1.18%
Bharti Airtel Ltd1.08%
Netease Inc - Adr0.90%
Asia Vital Components Co0.80%
United Microelectronics C0.78%
Saudi Arabian Oil Co0.76%
Petroleo Brasileiro SA0.72%
Accton Technology Corp0.71%
Wiwynn Corp0.68%
Anta Sports Products Ltd0.60%
Samsung Electronics Co0.57%
Gold Fields Ltd0.55%
Aspeed Technology Inc0.52%
Anglogold0.51%
Geely Automobile Holdings0.49%
Nanya Technology Corp0.49%
Lg Electronics Inc0.48%
Kuaishou Technology0.47%
Global Unichip Corp0.45%
Gold Circuit Electronics0.42%
King Yuan Electronics Co0.41%
Yum China Holdings Inc0.40%
Kuwait Finance House Kscp0.39%
Petroleo Brasileiro SA0.37%
Bharat Electronics Ltd0.37%
China Hongqiao Group Ltd0.35%
Chroma Ate Inc0.35%
Emirates Telecommunicatio0.33%
Qatar National Bank Qpsc0.33%
Petroleo Brasileiro SA0.32%
Hanwha Aerospace Co Ltd0.32%
Hd Korea Shipbuild & Offs0.32%
Meritz Financial Group In0.32%
Nongfu Spring Co Ltd0.31%
Phison Electronics Corp0.30%
Nu Holdings Ltd/Cayman Is0.30%
Apollo Hospitals Enterpri0.29%
Tvs Motor Co Ltd0.29%
International Container T0.28%
Wuxi Apptec Co Ltd0.28%
Otp Bank Nyrt0.28%
Delta Electronics Thailan0.28%
Titan Co Ltd0.28%
Compeq Manufacturing Co L0.28%
Samsung E&A Co Ltd0.27%
Interglobe Aviation Ltd0.27%
Emirates Nbd Bank Pjsc0.27%

Only in PXH

274 securities, 67.9% of PXH by weight

Alibaba Group Holding Ltd2.95%
China Construction Bank Corp2.91%
Hon Hai Precision Industry Co Ltd2.58%
Industrial & Commercial Bank of China Ltd2.20%
Tencent Holdings Ltd2.13%
Vale SA1.73%
Bank of China Ltd1.71%
JD.com Inc1.60%
China Petroleum & Chemical Corp1.02%
China Merchants Bank Co Ltd0.98%
Reliance Industries Ltd0.94%
Nan Ya Plastics Corp0.92%
Ptt Pcl0.84%
Agricultural Bank of China Ltd0.77%
HDFC Bank Ltd0.71%
ICICI Bank Ltd0.67%
Sasol Ltd0.64%
Infosys Ltd0.62%
Saudi Arabian Oil Co0.62%
Itau Unibanco Holding SA0.61%
Fubon Financial Holding Co Ltd0.58%
Fomento Economico Mexicano SAB de CV0.56%
Grupo Financiero Banorte SAB de CV0.55%
Xiaomi Corp0.54%
Meituan0.53%
Asustek Computer Inc0.51%
CTBC Financial Holding Co Ltd0.50%
Baidu Inc0.49%
Cathay Financial Holding Co Ltd0.46%
Bank of Communications Co Ltd0.44%
Innolux Corp0.44%
Banco Bradesco SA0.40%
Banco do Brasil SA0.39%
FirstRand Ltd0.39%
PICC Property & Casualty Co Ltd0.39%
Formosa Plastics Corp0.38%
China Resources Land Ltd0.38%
COSCO SHIPPING Holdings Co Ltd0.37%
Standard Bank Group Ltd0.37%
State Bank of India0.37%
BOC Hong Kong Holdings Ltd0.36%
China CITIC Bank Corp Ltd0.35%
Gerdau SA0.35%
Cemex SAB de CV0.35%
Kasikornbank PCL0.35%
AUO Corp0.34%
Chunghwa Telecom Co Ltd0.34%
Industrial Bank Co Ltd0.33%
Postal Savings Bank of China Co Ltd0.32%
Yuanta Financial Holding Co Ltd0.32%

Weight gaps

All 85 Holdings in both funds, largest gap first.

Holding weights in DEHP and PXH, widest gap first
Holding	More in DEHPMore in PXH	DEHP	PXH
Petroleo Brasileiro SA	PXH +4.08 points	0.71%	4.79%
Taiwan Semiconductor Manu	DEHP +3.02 points	8.66%	5.64%
Ase Technology Holding Co	DEHP +1.70 points	2.44%	0.74%
Mediatek Inc	DEHP +1.08 points	2.73%	1.65%
Ping An Insurance Group C	PXH +1.05 points	0.25%	1.30%
Delta Electronics Inc	DEHP +0.84 points	1.10%	0.26%
Zijin Mining Group Co Ltd	DEHP +0.73 points	0.93%	0.20%
Evergreen Marine Corp Tai	PXH +0.61 points	0.13%	0.74%
Quanta Computer Inc	DEHP +0.53 points	0.88%	0.35%
Pdd Holdings IncPDD	PXH +0.51 points	0.27%	0.78%
Petrochina Co Ltd	PXH +0.50 points	0.71%	1.21%
Lenovo Group Ltd	DEHP +0.45 points	0.96%	0.51%
Grupo Mexico Sab De Cv	PXH +0.39 points	0.10%	0.49%
United Microelectronics C	PXH +0.38 points	0.34%	0.72%
America Movil Sab De Cv	PXH +0.36 points	0.13%	0.49%
China Shenhua Energy Co L	PXH +0.33 points	0.15%	0.48%
China Life Insurance Co L	DEHP +0.30 points	0.46%	0.16%
Tata Consultancy Services	PXH +0.29 points	0.02%	0.31%
Winbond Electronics Corp	DEHP +0.29 points	0.43%	0.14%
Bank Rakyat Indonesia Per	PXH +0.26 points	<0.01%	0.26%
Tupras Turkiye Petrol Raf	PXH +0.24 points	0.03%	0.27%
Uni-President Enterprises	DEHP +0.24 points	0.45%	0.21%
Haier Smart Home Co Ltd	PXH +0.24 points	0.02%	0.26%
Valterra Platinum Limited	PXH +0.23 points	0.21%	0.44%
Shoprite Holdings Ltd	DEHP +0.20 points	0.36%	0.16%
Ambev SA	PXH +0.20 points	<0.01%	0.20%
Byd Co Ltd	DEHP +0.20 points	0.54%	0.34%
Taiwan Mobile Co Ltd	DEHP +0.20 points	0.32%	0.12%
China Molybdenum Co Ltd	DEHP +0.19 points	0.26%	0.07%
Vipshop Holdings LtdVIPS	PXH +0.20 points	0.01%	0.21%
Wan Hai Lines Ltd	PXH +0.19 points	0.02%	0.21%
Saudi Telecom Co	DEHP +0.19 points	0.42%	0.23%
Unimicron Technology Corp	DEHP +0.18 points	0.44%	0.26%
Realtek Semiconductor Cor	DEHP +0.18 points	0.40%	0.22%
Vibra Energia SA	PXH +0.17 points	0.16%	0.33%
New China Life Insurance	DEHP +0.17 points	0.24%	0.07%
Gold Fields Ltd	PXH +0.17 points	<0.01%	0.17%
Tech Mahindra Ltd	DEHP +0.16 points	0.30%	0.14%
Capitec Limited	DEHP +0.16 points	0.23%	0.07%
Wistron Corp	DEHP +0.16 points	0.50%	0.34%
Contemporary Amperex Tech	DEHP +0.15 points	0.23%	0.08%
Far Eastone Telecommunica	DEHP +0.16 points	0.26%	0.10%
Ultrapar Participacoes SA	PXH +0.15 points	0.03%	0.18%
Cspc Pharmaceutical Group	PXH +0.14 points	<0.01%	0.15%
Vodacom Group Ltd	DEHP +0.14 points	0.25%	0.11%
Ptt Exploration & Product	PXH +0.14 points	0.06%	0.20%
Bid Corp Ltd	PXH +0.14 points	0.03%	0.17%
Bim Birlesik Magazalar As	PXH +0.14 points	<0.01%	0.14%
Powertech Technology Inc	DEHP +0.13 points	0.24%	0.11%
Yageo Corp	PXH +0.12 points	0.06%	0.18%
China Tower Corp Ltd	DEHP +0.13 points	0.25%	0.12%
Mtn Group Ltd	DEHP +0.12 points	0.49%	0.37%
Sibanye Stillwater Ltd	PXH +0.12 points	0.01%	0.13%
Boe Technology Group Co L	PXH +0.12 points	0.01%	0.13%
Zto Express Cayman Inc	DEHP +0.12 points	0.24%	0.12%
Gree Electric Appliances	PXH +0.10 points	0.03%	0.13%
Bank Mandiri Persero Tbk	PXH +0.11 points	0.07%	0.18%
Jiangxi Copper Co Ltd	PXH +0.10 points	0.05%	0.15%
Tata Motors Passenger Veh	PXH +0.09 points	0.03%	0.12%
Steel Authority of India	PXH +0.08 points	0.01%	0.09%
Lite-On Technology Corp	PXH +0.07 points	0.11%	0.18%
Bidvest Group Ltd/The	PXH +0.08 points	0.02%	0.10%
Yum China HoldingsYUMC	DEHP +0.07 points	0.31%	0.24%
Aluminum Corp of China Lt	DEHP +0.07 points	0.17%	0.10%
Mahindra & Mahindra Ltd	DEHP +0.07 points	0.24%	0.17%
Novatek Microelectronics	DEHP +0.06 points	0.34%	0.28%
China Coal Energy Co Ltd	PXH +0.07 points	0.03%	0.10%
Turkiye Is Bankasi As	PXH +0.06 points	<0.01%	0.07%
Weg SA	DEHP +0.06 points	0.16%	0.10%
Grupo Bimbo Sab De Cv	PXH +0.05 points	<0.01%	0.06%
Netease Inc	PXH +0.04 points	0.38%	0.42%
Klabin SA	PXH +0.04 points	0.03%	0.07%
Vedanta Ltd	DEHP +0.04 points	0.12%	0.08%
Banco De Chile	PXH +0.04 points	0.07%	0.11%
Eva Airways Corp	DEHP +0.04 points	0.16%	0.12%
Akbank T.a.s.	PXH +0.04 points	0.07%	0.11%
China Taiping Insurance H	PXH +0.04 points	0.04%	0.08%
Yankuang Energy Group Co	PXH +0.04 points	0.11%	0.15%
Kweichow Moutai Co Ltd	DEHP +0.03 points	0.16%	0.13%
Saci Falabella	PXH +0.04 points	0.06%	0.10%
Yapi Ve Kredi Bankasi As	PXH +0.03 points	0.05%	0.08%
United Tractors Tbk Pt	PXH +0.03 points	0.02%	0.05%
People's Insurance Co Gro	DEHP +0.02 points	0.13%	0.11%
Turkcell Iletisim Hizmetl	DEHP +0.02 points	0.09%	0.07%
Sime Darby Bhd	Same weight	0.05%	0.05%

All 797 DEHP holdings⁠All 360 PXH 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.

DEHP vs PXH Cost

Overpaying PXH vs DEHP

$1,137

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

DEHP 0.41%
$8,281
PXH 0.47%
$9,418

Amount$10,000

Years30 years

Cost over time

DEHP 0.41%
PXH 0.47%
Overpaying

Year by year

Year	DEHP	PXH	Overpaying
10	$741	$847	$106
20	$2,860	$3,261	$401
30	$8,281	$9,418	$1,137

Expense ratio

0.41%DEHP, cheaper
0.47%PXH

DEHP0.41%PXH0.47%

0.25%0.90%

Middle half of Emerging Markets Factor Index funds
Median 0.44%

DEHP 5th cheapest of 10 funds

PXH 6th cheapest of 10 funds

DEHP vs PXH Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DEHP 1.55%; PXH 4.13%, better
Payout (12M): DEHP $0.57; PXH $1.16
Last payment: DEHP $0.24; PXH $0.32
Ex-dividend: DEHP Sep 22, 2026; PXH Sep 21, 2026
Paid on: DEHP Sep 24, 2026; PXH Sep 25, 2026
Frequency: DEHP Quarterly; PXH Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DEHPQuarterly · 18 paymentsAll DEHP payments⁠

PXHQuarterly · 39 paymentsAll PXH payments⁠

DEHP vs PXH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DEHP 18.5%PXH 11.2%, better
Return per unit of riskSharpe ratio, 3 years: DEHP 0.88PXH 1.49, better
Worst fallMax drawdown, 5 years: DEHP −22.9%since Apr 2022PXH −29.6%
Market sensitivityBeta, 5 years: DEHP 1.16PXH 0.76; Market = 1

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