DFAE vs SCHE: Grades, Fees and Holdings Compared

Dimensional Emerging Core Equity Market ETF

DFAECNYSE Arca

Schwab Emerging Markets Equity ETF

SCHEANYSE Arca

Overlap

51.1%by weight

Expense ratio

SCHE −0.23pt a year

DFAE0.29%SCHE0.06%

Avg volume · 30D

SCHE 3.0×the volume

DFAE1.05MSCHE3.11M

5Y return · a year

DFAE +2.9pt

DFAE+8.0%SCHE+5.1%

DFAE vs SCHE Performance

Oct 29, 2021 – Oct 30, 2026

+47.1%DFAE+28.1%SCHE

Expense ratio: DFAE 0.29%; SCHE 0.06%, better
Fund size: DFAE $9.26B; SCHE $12.1B
1Y total return: DFAE +12.5%, better; SCHE +3.8%
Yield (12M): DFAE 2.05%; SCHE 2.79%, better
Holdings: DFAE 6118; SCHE 2224
Avg volume (30D): DFAE 1.05M sh; SCHE 3.11M sh, better
NAV per share: DFAE $36.25; SCHE $34.30
52W range

ETF.net Grade

Pillar letters and Scores for DFAE, SCHE, with each pillar’s weight
Pillar	DFAE	SCHE
Cost30% weight	F21	A80Higher
Mission25% weight	A93	A100Higher
Risk15% weight	D37	C50Higher
Tradability15% weight	D37	B61Higher
Holdings10% weight	B57Higher	D37
Durability5% weight	D36	B55Higher

Rank among Emerging Markets Total Market funds

How we build Categories ›

Same Category. DFAE and SCHE are both graded against the same 5 Emerging Markets Total Market funds, so their Grades compare head to head.

Emerging Markets Total Market⁠

Category · 5 funds

See all 5 ›

SCHE ranks 2nd and DFAE 5th of 5 funds in the Emerging Markets Total Market Category.

Rank 1AVWOVanguard FTSE Emerging Markets ETFScore 78
Rank 2ASCHESchwab Emerging Markets Equity ETFScore 71
Rank 3BSPEMState Street SPDR Portfolio Emerging Markets ETFScore 69
Rank 4CXCNYState Street SPDR S&P Emerging Markets ex-China ETFScore 52
Rank 5CDFAEDimensional Emerging Core Equity Market ETFScore 47

Our read on each fund

ETF.net Research

DFAECDimensional Emerging Core Equity Market ETF

SCHEASchwab Emerging Markets Equity ETF

In short

DFAE No data

SCHE Emerging markets for six basis points. Schwab's tracker spreads roughly 2,200 stocks across FTSE's emerging universe at well under the typical fee in its group, and it has been running the same play since 2010.

Stated mandate

DFAE No data

SCHE The fund seeks to track the total return of the FTSE Emerging Index, before fees and expenses.

Why people hold it

DFAE No data

SCHE Costs 0.06% a year, under a third of the 0.19% peer median. That matches the cheapest fund in the cohort (VWO) and undercuts SPEM.
Hugs its benchmark: index replication here is among the tightest in the emerging-markets group, which is the whole job of a tracker.
Roughly 2,200 stocks drawn from FTSE's advanced and secondary emerging segments. Broad coverage of the asset class in one ticket.sec.gov
Trading since 2010 and now a multi-billion-dollar fund that changes hands actively, so it is not a thin, hard-to-exit corner of the market.

Worth knowing

DFAE No data

SCHE Emerging-market equity brings currency swings and country-level policy risk on top of normal stock volatility. Expect a bumpier ride than a developed-market core fund.
FTSE classifies countries its own way (advanced and secondary emerging segments), so the country lineup differs from MSCI-based emerging-markets funds.sec.gov
Distributions land annually or semiannually, not monthly, so income arrives in lumps.

Full DFAE profile⁠

Full SCHE profile⁠

DFAE vs SCHE Holdings

How DFAE and SCHE differ

Overlap by weight

51.1%

Shared holdings make up 71.2% of SCHE and 52.0% of DFAE.

Level by level

Holdings1,296 in both51.1%
Countryby domicile78.4%
Sector11 Sectors91.3%
Asset classEquity100%

Sector

Sector weights in DFAE and SCHE, widest gap first
Sector	More in DFAEMore in SCHE	DFAE	SCHE
Technology	DFAE +6.5 points	41.2%	34.7%
Financials	SCHE +3.4 points	17.2%	20.6%
Industrials	DFAE +2.3 points	8.6%	6.3%
Communication	SCHE +1.5 points	5.4%	6.9%
Consumer Discretionary	SCHE +1.5 points	7.5%	9.0%
Energy	SCHE +0.7 points	3.6%	4.3%
Utilities	SCHE +0.6 points	2.0%	2.6%
Materials	SCHE +0.3 points	6.8%	7.1%
Consumer Staples	SCHE +0.3 points	2.8%	3.1%
Real Estate	SCHE +0.2 points	1.4%	1.6%
Health Care	SCHE +0.2 points	3.5%	3.7%

Country, concentration and asset class

Country by domicile

Country weights in DFAE and SCHE, widest gap first
Country	More in DFAEMore in SCHE	DFAE	SCHE
South Korea	DFAE +19.3 points	19.3%	0.0%
China	SCHE +7.8 points	19.1%	26.9%
Taiwan	SCHE +5.6 points	31.7%	37.3%
India	SCHE +3.9 points	13.0%	16.9%
Poland	DFAE +1.3 points	1.3%	0.0%
South Africa	SCHE +1.0 points	3.7%	4.7%
Brazil	SCHE +0.9 points	3.8%	4.7%
Mexico	SCHE +0.8 points	1.6%	2.4%
Other countries (15)	SCHE +0.7 points	6.4%	7.1%

Outside the US: DFAE 0% developed, 100% emerging. SCHE 1% developed, 99% emerging.

Concentration

Weight in the 10 largest Holdings

DFAE30.8%
SCHE30.1%

Securities held

DFAE6,091
SCHE2,205

Asset class

DFAE: Equity
SCHE: Equity

Holdings

Only in DFAE4,795
In both1,296
Only in SCHE909

Only in DFAE

4,795 securities, 47.8% of DFAE by weight

Samsung Electronics Co5.21%
Sk Hynix Inc4.70%
Samsung Electronics Co Lt0.76%
Bharti Airtel Ltd0.48%
Icici Bank Ltd0.46%
Samsung Electro-Mechanics0.40%
Reliance Industries Ltd0.36%
Alibaba Group Hld0.35%
Hdfc Bank Ltd0.32%
Ase Technology Holding Co0.31%
Al Rajhi Bank0.31%
Hdfc Bank Ltd0.29%
Saudi Arabian Oil Co0.28%
Petroleo Brasileiro SA0.28%
Hana Financial Group Inc0.27%
Hyundai Motor Co0.25%
Lenovo Group Ltd0.25%
Kb Financial Group Inc0.24%
Gold Fields Ltd0.24%
Vale SA0.22%
Anglogold0.22%
Axis Bank Ltd0.21%
Samsung Sdi Co Ltd0.20%
United Microelectronics C0.19%
Shinhan Financial Group0.19%
The Saudi National Bank0.18%
Orlen SA0.18%
Reliance Industries Ltd0.18%
Kotak Mahindra Bank Ltd0.17%
Powszechna Kasa Oszczedno0.16%
Saudi Telecom Co0.15%
Nu Holdings Ltd/Cayman Is0.15%
Ls Industrial Systems Co0.14%
Celltrion Inc0.14%
Capitec Limited0.14%
Woori Financial Group Inc0.14%
Tata Steel Ltd0.14%
Hanwha Aerospace Co Ltd0.14%
Hindalco Industries Ltd0.14%
Lg Electronics Inc0.14%
Lig DEFENSE&AEROSPACE Co0.14%
Valterra Platinum Limited0.13%
Doosan Enerbility0.13%
Sk Inc0.13%
Infosys Ltd0.13%
Samsung Fire & Marine Ins0.13%
Aspeed Technology Inc0.13%
Naver Corp0.13%
Samsung Life Insurance Co0.13%
First Abu Dhabi Bank Pjsc0.12%

Only in SCHE

909 securities, 28.7% of SCHE by weight

Ssc Government Mm Gvmxx0.82%
Reliance Industries Ltd0.81%
Hdfc Bank0.81%
Icici Bank0.76%
Bharti Airtel Ltd0.63%
Al Rajhi Bank0.46%
Anglogold Ashanti PLC0.43%
Infosys0.42%
Saudi Arabian Oil0.40%
Axis Bank0.29%
The Saudi National Bank0.28%
Bajaj Finance Ltd0.26%
Kotak Mahindra Bank Ltd0.26%
Capitec Shs0.25%
First Abu Dhabi Bank0.22%
Saudi Arabian Mining0.21%
Saudi Telecom0.20%
Baidu0.20%
Sun Pharmaceutical Industries0.19%
Emirates Telecommunications Group0.19%
Malayan Banking0.18%
Delta Electronics (Thailand) Non-V0.18%
Valterra Platinum Ltd0.18%
Aspeed Technology0.17%
Hindustan Unilever Ltd0.17%
Public Bank0.17%
Titan Company Ltd0.17%
Eternal0.16%
Tenaga Nasional0.15%
Maruti Suzuki India Ltd0.15%
Hcl Technologies Ltd0.15%
Ptt Non-Voting Dr0.15%
Adani Ports and Special Economic Z0.14%
International Container Terminal’s0.14%
Cimb Group Holdings0.14%
Ultratech Cement Ltd0.14%
Tata Steel Ltd0.14%
Bharat Electronics Ltd0.14%
Itausa Investimentos Itau Pref SA0.14%
Hindalco Industries Ltd0.13%
Divis Laboratories Ltd0.13%
Mpi Corp0.12%
Kasikornbank Public Non-Voting Dr0.12%
Shriram Finance Ltd0.12%
Power Grid Corporation of India0.12%
Saudi Basic Industries0.11%
Jsw Steel0.11%
Taiwan Union Technology Corp0.11%
Phison Electronics Corp0.11%
Grasim Industries0.11%

Weight gaps

The 100 widest of 1,296 Holdings in both funds.

Holding weights in DFAE and SCHE, widest gap first
Holding	More in DFAEMore in SCHE	DFAE	SCHE
Taiwan Semiconductor Manu	SCHE +4.01 points	13.70%	17.71%
Alibaba Group Holding Ltd	SCHE +1.22 points	1.06%	2.28%
Tencent Holdings Ltd	SCHE +0.93 points	2.02%	2.95%
Mediatek Inc	SCHE +0.63 points	1.16%	1.79%
Ase Technology Holding Co	SCHE +0.37 points	0.31%	0.68%
Vale SA	SCHE +0.34 points	0.05%	0.39%
Pdd Holdings IncPDD	SCHE +0.33 points	0.27%	0.60%
Delta Electronics Inc	SCHE +0.30 points	0.56%	0.86%
Gold Fields Ltd	SCHE +0.29 points	0.02%	0.31%
Industrial & Commercial B	SCHE +0.29 points	0.49%	0.78%
Petroleo Brasileiro SA	SCHE +0.28 points	0.12%	0.40%
Naspers Npv	SCHE +0.27 points	0.04%	0.31%
China Construction Bank C	SCHE +0.27 points	0.85%	1.12%
Itau Unibanco Holding SA	SCHE +0.24 points	0.15%	0.39%
Xiaomi Corp	SCHE +0.24 points	0.31%	0.55%
Meituan	SCHE +0.22 points	0.26%	0.48%
United Microelectronics C	SCHE +0.20 points	0.20%	0.41%
Fomento Economico Mexican	SCHE +0.17 points	0.04%	0.21%
Netease Inc	SCHE +0.15 points	0.24%	0.39%
America Movil Sab De Cv	SCHE +0.15 points	0.03%	0.18%
Jd.com Inc	SCHE +0.14 points	0.16%	0.30%
Otp Bank Nyrt	SCHE +0.14 points	0.15%	0.29%
Beone Medicines Ltd	SCHE +0.14 points	0.09%	0.23%
Grupo Mexico Sab De Cv	SCHE +0.14 points	0.21%	0.35%
Bank of China Ltd	SCHE +0.13 points	0.39%	0.52%
Hon Hai Precision Industr	SCHE +0.11 points	0.80%	0.91%
Cemex Sab De Cv	SCHE +0.12 points	0.04%	0.16%
Firstrand Ltd	SCHE +0.11 points	0.18%	0.29%
Ambev SA	SCHE +0.10 points	0.02%	0.12%
Trip.com Group Ltd	SCHE +0.10 points	0.12%	0.22%
Elite Material Co Ltd	SCHE +0.10 points	0.34%	0.44%
Kuwait Finance House Kscp	SCHE +0.10 points	0.19%	0.29%
Chunghwa Telecom Co Ltd	SCHE +0.09 points	0.09%	0.18%
Byd Co Ltd	SCHE +0.10 points	0.22%	0.32%
Grupo Cibest SA	SCHE +0.09 points	<0.01%	0.10%
Tata Consultancy Services	SCHE +0.09 points	0.17%	0.26%
Innovent Biologics Inc	SCHE +0.10 points	0.07%	0.17%
Embraer SA	SCHE +0.09 points	0.04%	0.13%
Petroleo Brasileiro SA	SCHE +0.09 points	0.34%	0.43%
Jentech Precision Industr	SCHE +0.09 points	0.08%	0.17%
Larsen & Toubro Ltd	SCHE +0.08 points	0.18%	0.26%
Ctbc Financial Holding Co	SCHE +0.08 points	0.32%	0.40%
Unimicron Technology Corp	SCHE +0.08 points	0.33%	0.41%
Banco Bradesco SA	SCHE +0.08 points	0.06%	0.14%
Banco De Chile	SCHE +0.07 points	0.01%	0.08%
Grupo Financiero Banorte	SCHE +0.08 points	0.20%	0.28%
Grupo Aeroportuario Del P	SCHE +0.07 points	<0.01%	0.08%
Natl Bk of Kuwait	SCHE +0.07 points	0.16%	0.23%
China Life Insurance Co L	SCHE +0.07 points	0.15%	0.22%
Banco Santander Brasil SA	DFAE +0.07 points	0.09%	0.02%
Cathay Financial Holding	SCHE +0.07 points	0.27%	0.34%
Ntpc Ltd	SCHE +0.06 points	0.09%	0.15%
Asia Vital Components Co	SCHE +0.06 points	0.24%	0.30%
Contemporary Amperex Tech	SCHE +0.06 points	0.03%	0.09%
Li Auto Inc	SCHE +0.07 points	<0.01%	0.07%
Bank Central Asia Tbk Pt	SCHE +0.06 points	0.07%	0.13%
Grupo Cibest SA	SCHE +0.06 points	<0.01%	0.06%
Nan Ya Plastics Corp	SCHE +0.06 points	0.40%	0.46%
Bank Rakyat Indonesia Per	SCHE +0.06 points	0.04%	0.10%
Fubon Financial Holding C	SCHE +0.06 points	0.35%	0.41%
Mahindra & Mahindra Ltd	SCHE +0.06 points	0.22%	0.28%
Arca Continental Sab De C	SCHE +0.06 points	0.04%	0.10%
Wuxi Biologics	SCHE +0.06 points	0.15%	0.21%
Cia De Saneamento Basico	SCHE +0.06 points	0.05%	0.11%
Qatar Islamic Bank Saq	SCHE +0.06 points	0.04%	0.10%
Latam Airlines Group SA	SCHE +0.06 points	0.01%	0.07%
State Bank of India	SCHE +0.05 points	0.14%	0.19%
J&T Global Express Ltd	SCHE +0.06 points	0.02%	0.08%
Chroma Ate Inc	SCHE +0.05 points	0.17%	0.22%
Mega Financial Holding Co	SCHE +0.05 points	0.14%	0.19%
Oil & Natural Gas Corp Lt	SCHE +0.05 points	0.04%	0.09%
Standard Bank Group Ltd	SCHE +0.05 points	0.19%	0.24%
Akeso Inc	SCHE +0.04 points	0.03%	0.07%
Wal-Mart De Mexico Sab De	SCHE +0.04 points	0.08%	0.12%
Weg SA	SCHE +0.05 points	0.09%	0.14%
China Shenhua Energy Co L	SCHE +0.04 points	0.14%	0.18%
Yum China Holdings Inc	SCHE +0.05 points	0.10%	0.15%
Saci Falabella	SCHE +0.05 points	0.03%	0.08%
Dubai Electricity & Water	SCHE +0.05 points	0.02%	0.07%
Qatar National Bank Qpsc	SCHE +0.05 points	0.15%	0.20%
Axia Energia	SCHE +0.05 points	0.07%	0.12%
Kweichow Moutai Co Ltd	SCHE +0.05 points	0.13%	0.18%
Midea Group Co Ltd	SCHE +0.04 points	0.03%	0.07%
Tata Motors Passenger Veh	SCHE +0.04 points	0.02%	0.06%
King Slide Works Co Ltd	SCHE +0.04 points	0.13%	0.17%
Banco Btg Pactual SA	SCHE +0.04 points	0.08%	0.12%
Nan Ya Printed Circuit Bo	SCHE +0.04 points	0.06%	0.10%
Global Unichip Corp	SCHE +0.04 points	0.14%	0.18%
Industries Qatar Qsc	SCHE +0.04 points	0.01%	0.05%
Ts Financial Holding Co	SCHE +0.04 points	0.26%	0.30%
Harmony Gold Mining Co Lt	SCHE +0.03 points	0.05%	0.08%
E.sun Financial Holding C	SCHE +0.04 points	0.20%	0.24%
Hua Hong Grace Semiconduc	SCHE +0.04 points	0.02%	0.06%
Banco Santander Chile	SCHE +0.04 points	0.01%	0.05%
Misc Bhd	SCHE +0.04 points	<0.01%	0.04%
Grupo Aeroportuario Del’s	SCHE +0.03 points	<0.01%	0.04%
Cambricon Technologies Co	SCHE +0.03 points	0.03%	0.06%
Wistron Corp	DFAE +0.04 points	0.21%	0.17%
Coca-Cola Femsa Sab De Cv	SCHE +0.03 points	0.02%	0.05%
Yuanta Financial Holding	SCHE +0.04 points	0.22%	0.26%

All 6,147 DFAE holdings⁠All 2,233 SCHE 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.

DFAE vs SCHE Cost

Overpaying DFAE vs SCHE

$4,682

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

DFAE 0.29%
$5,952
SCHE 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

DFAE 0.29%
SCHE 0.06%
Overpaying

Year by year

Year	DFAE	SCHE	Overpaying
10	$527	$110	$417
20	$2,044	$432	$1,612
30	$5,952	$1,270	$4,682

Expense ratio

0.29%DFAE
0.06%SCHE, cheaper

SCHE0.06%DFAE0.29%

0.06%0.29%

Middle half of Emerging Markets Total Market funds
Median 0.07%

SCHE cheapest of 5 funds

DFAE 5th cheapest of 5 funds

DFAE vs SCHE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFAE 2.05%; SCHE 2.79%, better
Payout (12M): DFAE $0.74; SCHE $0.95
Last payment: DFAE $0.27; SCHE $0.04
Ex-dividend: DFAE Sep 22, 2026; SCHE Jun 24, 2026
Paid on: DFAE Sep 24, 2026; SCHE Jun 29, 2026
Frequency: DFAE Quarterly; SCHE Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

DFAEQuarterly · 24 paymentsAll DFAE payments⁠

SCHETwice a year · 19 paymentsAll SCHE payments⁠

DFAE vs SCHE Risk

Fall from peak · 5 years

DFAE
SCHE

Risk facts

VolatilityStd dev, 3 years: DFAE 15.7%SCHE 11.8%, better
Return per unit of riskSharpe ratio, 3 years: DFAE 1.01SCHE 1.05, better
Worst fallMax drawdown, 5 years: DFAE −29.1%, betterSCHE −30.3%
Market sensitivityBeta, 5 years: DFAE 1.10SCHE 0.87; Market = 1

DFAE and SCHE in the news

All news⁠

News
Vietnam enters FTSE emerging-market indexes, starting at 10% of its weight
Sep 21, 2026SCHE

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DFAE vs SCHE

In short

Stated mandate

Why people hold it

Worth knowing

How DFAE and SCHE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAE

Only in SCHE

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Vietnam enters FTSE emerging-market indexes, starting at 10% of its weight

How DFAE and SCHE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAE

Only in SCHE

Weight gaps