DFAI vs DWMF: Grades, Fees and Holdings Compared

Dimensional International Core Equity Market ETF

DFAIANYSE Arca

WisdomTree International Multifactor Fund

DWMFDNYSE Arca

Overlap

28.2%by weight

Expense ratio

DFAI −0.20pt a year

DFAI0.18%DWMF0.38%

Avg volume · 30D

DFAI 1491.3×the volume

DFAI1.81MDWMF1.22K

5Y return · a year

DFAI +1.5pt

DFAI+9.6%DWMF+8.1%

DFAI vs DWMF Performance

Oct 29, 2021 – Oct 30, 2026

+58.2%DFAI+47.8%DWMF

Expense ratio: DFAI 0.18%, better; DWMF 0.38%
Fund size: DFAI $18.2B; DWMF $33M
1Y total return: DFAI +15.9%, better; DWMF +5.8%
Yield (12M): DFAI 2.44%; DWMF 2.99%, better
Holdings: DFAI 3767; DWMF 214
Avg volume (30D): DFAI 1.81M sh, better; DWMF 1.22K sh
NAV per share: DFAI $41.47; DWMF $33.05
52W range

ETF.net Grade

Pillar letters and Scores for DFAI, DWMF, with each pillar’s weight
Pillar	DFAI	DWMF
Cost30% weight	A91Higher	C40
Mission25% weight	B63	Not scored
Risk15% weight	C49	B55Higher
Tradability15% weight	A81Higher	F4
Holdings10% weight	A80Higher	B58
Durability5% weight	A71Higher	D38

Rank among International Multifactor funds

How we build Categories ›

Same Category. DFAI and DWMF are both graded against the same 30 International Multifactor funds, so their Grades compare head to head.

International Multifactor⁠

Category · 30 funds

See all 30 ›

DFAI ranks 2nd and DWMF 23rd of 30 funds in the International Multifactor Category.

Rank 1AINTFiShares International Equity Factor ETFScore 79
Rank 2ADFAIDimensional International Core Equity Market ETFScore 77
Rank 3AGSWOGoldman Sachs ActiveBeta World Equity ETFScore 76
Rank 21DRWINRayliant NxtGen Multifactor International Equity ETFScore 38
Rank 23DDWMFWisdomTree International Multifactor FundScore 37
Rank 23DIFLOVictoryShares International Free Cash Flow ETFScore 37

Our read on each fund

ETF.net Research

DFAIADimensional International Core Equity Market ETF

DWMFDWisdomTree International Multifactor Fund

In short

DFAI Dimensional's take on developed markets outside the US: several thousand stocks, plus deliberate leans toward cheaper and more profitable companies. Index-fund breadth with a research desk setting the weights, priced above the plain vanilla crowd.

DWMF Most international factor ETFs pick the stocks and let the currency chips fall where they may. DWMF is actively managed and bolts a dynamic dollar hedge onto its value, quality, momentum and correlation screens.

Stated mandate

DFAI The fund seeks long-term capital appreciation through an integrated approach combining research, portfolio design, portfolio management, and trading.

DWMF The Fund seeks capital appreciation through primary investments in equities of developed countries outside the United States and Canada. It selects securities using composite scores based on value, quality, momentum and WisdomTree TAPE.

Why people hold it

DFAI Holds several thousand developed-market stocks outside the US, so no single name, sector or country steers the fund.
The tilts are in the mandate, not the marketing: it leans toward cheaper stocks and more profitable companies while still owning the broad market.
Portfolio construction is one of the stronger builds in its peer group, and the fund is a multi-billion-dollar, actively traded name that pays quarterly.

DWMF Two jobs in one ticker: a composite score built from value and quality fundamentals plus momentum and correlation signals, then a currency overlay applied currency by currency.wisdomtree.com wisdomtree.com 2
Actively managed rather than index-locked, so hedge ratios are weighted by conviction in each signal instead of following a fixed schedule.wisdomtree.com
The 0.38% fee sits right at the middle of the international multifactor pack, and it covers the stock selection and the currency work in one wrapper.
Roughly 220 developed-market names outside the US and Canada, so no single stock carries the whole thesis.

Worth knowing

DFAI At 0.18% it costs many times what plain cap-weighted rivals like VEA, SPDW and SCHF charge. The tilts are what the extra buys.
MSCI World ex USA IMI is the yardstick, not a leash. Dimensional builds the portfolio its own way, so it can look and behave differently from that index.
Launched in late 2020, so its live record is shorter than the index giants', and on the whole package it lands in the lower half of its developed-core cohort.

DWMF A small, thinly traded fund that lands in the lower half of its international multifactor peer group, with trading costs and scale the main drag.
Index-based rivals undercut it on fees: INTF at 0.16%, FDEV at 0.18%, GSIE at 0.25%. The active stock and currency layer is what the extra buys.
The currency overlay is a second engine, so results can diverge from unhedged developed-market benchmarks in either direction.wisdomtree.com

Full DFAI profile⁠

Full DWMF profile⁠

DFAI vs DWMF Holdings

How DFAI and DWMF differ

Overlap by weight

28.2%

Shared holdings make up 89.3% of DWMF and 28.5% of DFAI.

Level by level

Holdings180 in both28.2%
Countryby domicile83.4%
Sector11 Sectors88.1%
Asset classEquity100%

Sector

Sector weights in DFAI and DWMF, widest gap first
Sector	More in DFAIMore in DWMF	DFAI	DWMF
Financials	DWMF +5.8 points	24.6%	30.4%
Industrials	DFAI +3.7 points	17.7%	14.0%
Consumer Staples	DFAI +3.3 points	6.2%	2.9%
Health Care	DWMF +2.6 points	8.7%	11.3%
Utilities	DWMF +2.4 points	3.7%	6.1%
Energy	DFAI +1.7 points	7.1%	5.4%
Consumer Discretionary	DFAI +1.7 points	7.7%	6.0%
Materials	DFAI +1.5 points	8.9%	7.4%
Technology	DWMF +1.1 points	10.5%	11.6%
Communication	DWMF +0.2 points	3.6%	3.8%
Real Estate	Same weight	1.2%	1.2%

Country, concentration and asset class

Country by domicile

Country weights in DFAI and DWMF, widest gap first
Country	More in DFAIMore in DWMF	DFAI	DWMF
Canada	DFAI +11.4 points	11.4%	0.0%
United Kingdom	DWMF +4.8 points	11.7%	16.5%
Italy	DWMF +3.3 points	2.8%	6.1%
Australia	DFAI +3.0 points	6.0%	3.0%
Sweden	DWMF +2.7 points	2.9%	5.6%
Denmark	DWMF +1.2 points	1.5%	2.7%
Switzerland	DFAI +1.2 points	8.6%	7.4%
Norway	DWMF +0.8 points	0.9%	1.7%
Other countries (19)	DWMF +2.6 points	54.3%	56.9%

Outside the US: DFAI 99% developed, 1% emerging. DWMF 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

DFAI9.8%
DWMF13.4%

Securities held

DFAI3,749
DWMF200

Asset class

DFAI: Equity
DWMF: Equity

Holdings

Only in DFAI3,569
In both180
Only in DWMF20

Only in DFAI

3,569 securities, 71.3% of DFAI by weight

Asml Holding NV1.90%
Nestle SA0.87%
Astrazeneca PLC0.79%
Novartis AG Adr0.70%
Royal Bank of Canada0.64%
Toyota Motor Corp0.63%
Sap SE0.57%
Bp PLC0.57%
Sony Group Corp0.57%
Toronto-Dominion Bank0.53%
Commonwealth Bank of Aust0.51%
Deutsche Telekom AG0.41%
Schneider Electric SE0.40%
Canadian Natural Resource0.40%
Unilever PLC0.39%
Iberdrola SA0.38%
Suncor Energy Inc.0.37%
Safran SA0.36%
Zurich Insurance Group AG0.36%
Air Liquide SA0.35%
Bank of Nova Scotia/The0.35%
Airbus SE0.34%
Abb Ltd0.34%
British American Tobacco0.34%
Royal Bank of Canada0.31%
Fujikura Ltd0.30%
Aia Group Ltd0.30%
L'oreal SA0.29%
Cie Financiere Richemont0.29%
National Australia Bank L0.29%
Muenchener Rueckversicher0.28%
Enbridge Inc0.28%
Westpac Banking Corp0.28%
Sanofi0.27%
Fast Retailing Co Ltd0.27%
Swiss Re AG0.27%
Anz Group Holdings0.26%
Agnico Eagle Mines Ltd0.26%
Bank of Montreal0.26%
Banco Bilbao Vizcaya Arge0.26%
Deutsche Boerse AG0.26%
Anheuser-Busch Inbev Sa/N0.24%
Compass Group PLC0.24%
Mitsubishi Corp0.24%
Dhl AG0.24%
Tesco PLC0.23%
Oversea-Chinese Banking C0.23%
National Grid PLC0.23%
Ubs Group AG0.23%
Shopify Inc0.23%

Only in DWMF

20 securities, 10.0% of DWMF by weight

InterContinental Hotels Group1.65%
Dufry AG1.52%
Phoenix Group Holdings Plc0.59%
Ericsson Lm-B Shs0.53%
Mediolanum SpA0.50%
Deutsche Post Ag-Reg0.50%
ORIX Corp0.43%
AP Moller-Maersk A/S-B0.42%
Volvo AB0.41%
William Demant Holding0.39%
Allied Irish Banks PLC0.37%
Millicom Intl Cellular S.A.0.34%
Heineken Holding NV0.32%
International Consolidated Airlines Group SA0.31%
Skf Ab0.31%
Banco Popolare SC0.30%
Cvc Capital Partners Plc0.29%
Epiroc Ab-A0.29%
Telecom Italia Spa0.28%
Ald SA0.23%

Weight gaps

The 100 widest of 180 Holdings in both funds.

Holding weights in DFAI and DWMF, widest gap first
Holding	More in DFAIMore in DWMF	DFAI	DWMF
Asml Holding NV	DWMF +1.71 points	0.41%	2.12%
Novartis AG	DWMF +1.34 points	0.28%	1.62%
Astellas Pharma Inc	DWMF +0.67 points	0.13%	0.80%
Swedish Orphan Biovitrum	DWMF +0.62 points	0.04%	0.66%
Equinor Asa	DWMF +0.61 points	0.13%	0.74%
Omv AG	DWMF +0.56 points	0.06%	0.62%
Gsk PLCGSK.L	DWMF +0.56 points	0.35%	0.91%
Repsol SA	DWMF +0.55 points	0.21%	0.76%
Ipsen SA	DWMF +0.55 points	0.03%	0.58%
Aker Bp Asa	DWMF +0.54 points	0.06%	0.60%
Yokogawa Electric Corp	DWMF +0.54 points	0.03%	0.57%
Banco Bilbao Vizcaya Arge	DWMF +0.54 points	0.23%	0.77%
Tokyo Gas Co Ltd	DWMF +0.50 points	0.05%	0.55%
Osaka Gas Co Ltd	DWMF +0.49 points	0.05%	0.54%
Eni Spa	DWMF +0.49 points	0.23%	0.72%
Sitc International Holdin	DWMF +0.48 points	0.04%	0.52%
MS&AD Insurance Group Hol	DWMF +0.46 points	0.17%	0.63%
Bca Mps	DWMF +0.46 points	0.10%	0.56%
Sompo Holdings Inc	DWMF +0.46 points	0.14%	0.60%
United Utilities Group PlUU.L	DWMF +0.46 points	0.06%	0.52%
Advantest Corp	DWMF +0.45 points	0.62%	1.07%
Endesa SA	DWMF +0.45 points	0.06%	0.51%
Vodafone Group PLCVOD.L	DWMF +0.45 points	0.14%	0.59%
Evonik Industries AG	DWMF +0.44 points	0.03%	0.47%
Daiwa Securities Group In	DWMF +0.44 points	0.07%	0.51%
Qbe Insurance Group Ltd	DWMF +0.45 points	0.13%	0.58%
Svenska Handelsbanken Ab	DWMF +0.44 points	0.07%	0.51%
Raiffeisen Bank Internati	DWMF +0.44 points	<0.01%	0.44%
Commerzbank AG	DWMF +0.44 points	0.04%	0.48%
Unipol Gruppo Spa	DWMF +0.43 points	0.05%	0.48%
Keyence Corp	DWMF +0.43 points	0.17%	0.60%
Veolia Environnement SA	DWMF +0.43 points	0.10%	0.53%
Boc Hong Kong Holdings Lt	DWMF +0.43 points	0.08%	0.51%
Hulic Co Ltd	DWMF +0.43 points	0.03%	0.46%
Axa SA	DWMF +0.42 points	0.23%	0.65%
Legal & General Group PLCLGEN.L	DWMF +0.42 points	0.10%	0.52%
Asahi Kasei Corp	DWMF +0.41 points	0.08%	0.49%
Bper Banca	DWMF +0.41 points	0.09%	0.50%
Banco Santander SA	DWMF +0.42 points	0.39%	0.81%
Ageas Sa/Nv	DWMF +0.42 points	0.06%	0.48%
Swedbank Ab	DWMF +0.41 points	0.11%	0.52%
Ck Asset Holdings Ltd	DWMF +0.41 points	0.04%	0.45%
Amundi SA	DWMF +0.41 points	0.04%	0.45%
Screen Holdings Co Ltd	DWMF +0.41 points	0.05%	0.46%
Mitsubishi Chem Grp Corp	DWMF +0.41 points	0.05%	0.46%
Sse PLCSSE.L	DWMF +0.40 points	0.18%	0.58%
Danske Bank A/S	DWMF +0.39 points	0.13%	0.52%
Enel Spa	DWMF +0.39 points	0.30%	0.69%
Toray Industries Inc	DWMF +0.39 points	0.04%	0.43%
Bhp Group Ltd	DWMF +0.39 points	0.58%	0.97%
Bunzl PLCBNZL.L	DWMF +0.39 points	0.05%	0.44%
Evolution Mining Ltd	DWMF +0.39 points	0.06%	0.45%
Ing Groep NV	DWMF +0.39 points	0.28%	0.67%
Bank Leumi Le-Israel Bm	DWMF +0.38 points	0.15%	0.53%
Orion Oyj	DWMF +0.37 points	0.06%	0.43%
Swire Pacific Ltd	DWMF +0.38 points	0.01%	0.39%
Techtronic Industries Co	DWMF +0.37 points	0.08%	0.45%
Argenx SE	DWMF +0.38 points	0.05%	0.43%
Harel Insurance Investmen	DWMF +0.38 points	0.03%	0.41%
Yokohama Financial Group	DWMF +0.37 points	0.05%	0.42%
Singapore Exchange Ltd	DWMF +0.36 points	0.06%	0.42%
Otsuka Corp	DWMF +0.36 points	0.03%	0.39%
Allianz SE	DWMF +0.36 points	0.61%	0.97%
Yangzijiang Shipbuilding	DWMF +0.36 points	0.04%	0.40%
Nippon Paint Holdings Co	DWMF +0.36 points	0.03%	0.39%
Novo Nordisk A/S	DWMF +0.36 points	0.27%	0.63%
Basf SE	DWMF +0.35 points	0.23%	0.58%
Logitech International SA	DWMF +0.35 points	0.02%	0.37%
Nordea Bank Abp	DWMF +0.35 points	0.19%	0.54%
Lloyds Banking Group PLCLLOY.L	DWMF +0.35 points	0.26%	0.61%
Boliden Ab	DWMF +0.35 points	0.08%	0.43%
Lotus Bakeries NV	DWMF +0.35 points	0.02%	0.37%
Standard Chartered PLCSTAN.L	DWMF +0.35 points	0.22%	0.57%
Aercap Holdings NVAER	DWMF +0.35 points	<0.01%	0.35%
Ck Infrastructure Holding	DWMF +0.35 points	0.02%	0.37%
Eurofins Scientific	DWMF +0.34 points	0.06%	0.40%
Bnp Paribas SA	DWMF +0.34 points	0.30%	0.64%
Naturgy Energy Group SA	DWMF +0.34 points	0.05%	0.39%
The Sage Group PLCSGE.L	DWMF +0.34 points	0.06%	0.40%
Kuehne & Nagel Internatio	DWMF +0.33 points	0.05%	0.38%
Credit Agricole SA	DWMF +0.33 points	0.06%	0.39%
Admiral Group PLCADM.L	DWMF +0.32 points	0.06%	0.38%
Pearson PLCPSON.L	DWMF +0.32 points	0.04%	0.36%
Indra Sistemas SA	DWMF +0.32 points	0.03%	0.35%
Dnb Bank Asa	DWMF +0.33 points	0.09%	0.42%
Societe Generale SA	DWMF +0.32 points	0.19%	0.51%
Otsuka Holdings Co Ltd	DWMF +0.32 points	0.12%	0.44%
Coca-Cola Europacific ParCCEP	DWMF +0.33 points	0.01%	0.34%
Dsm-Firmenich AG	DWMF +0.32 points	0.06%	0.38%
Pandora A/S	DWMF +0.32 points	0.04%	0.36%
Unicredit Spa	DWMF +0.32 points	0.40%	0.72%
Fisher & Paykel Healthcar	DWMF +0.32 points	0.05%	0.37%
Symrise AG	DWMF +0.32 points	0.03%	0.35%
Ly Corp	DWMF +0.31 points	0.04%	0.35%
Deutsche Bank AG	DWMF +0.32 points	0.06%	0.38%
Sandoz Group AG	DWMF +0.31 points	0.12%	0.43%
Sumitomo Corp	DWMF +0.31 points	0.12%	0.43%
Ryohin Keikaku Co Ltd	DWMF +0.31 points	0.07%	0.38%
Natwest Group PLCNWG.L	DWMF +0.31 points	0.24%	0.55%
T&D Holdings Inc	DWMF +0.30 points	0.07%	0.37%

All 3,869 DFAI holdings⁠All 224 DWMF 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.

DFAI vs DWMF Cost

Overpaying DWMF vs DFAI

$3,957

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

DFAI 0.18%
$3,749
DWMF 0.38%
$7,706

Amount$10,000

Years30 years

Cost over time

DFAI 0.18%
DWMF 0.38%
Overpaying

Year by year

Year	DFAI	DWMF	Overpaying
10	$328	$688	$360
20	$1,281	$2,658	$1,377
30	$3,749	$7,706	$3,957

Expense ratio

0.18%DFAI, cheaper
0.38%DWMF

DFAI0.18%DWMF0.38%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

DFAI 3rd cheapest of 30 funds

DWMF 19th cheapest of 30 funds

DFAI vs DWMF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFAI 2.44%; DWMF 2.99%, better
Payout (12M): DFAI $1.01; DWMF $0.98
Last payment: DFAI $0.18; DWMF $0.12
Ex-dividend: DFAI Sep 22, 2026; DWMF Sep 25, 2026
Paid on: DFAI Sep 24, 2026; DWMF Sep 29, 2026
Frequency: DFAI Quarterly; DWMF Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

DFAIQuarterly · 24 paymentsAll DFAI payments⁠

DWMFQuarterly · 33 paymentsAll DWMF payments⁠

DFAI vs DWMF Risk

Fall from peak · 5 years

DFAI
DWMF

Risk facts

VolatilityStd dev, 3 years: DFAI 11.6%DWMF 8.6%, better
Return per unit of riskSharpe ratio, 3 years: DFAI 1.33, betterDWMF 1.06
Worst fallMax drawdown, 5 years: DFAI −27.4%DWMF −16.6%, better
Market sensitivityBeta, 5 years: DFAI 0.91DWMF 0.49; Market = 1

DFAI and DWMF in the news

All news⁠

New ETFs
Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs
Oct 16, 2026DFAI

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DFAI vs DWMF

In short

Stated mandate

Why people hold it

Worth knowing

How DFAI and DWMF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in DWMF

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs

How DFAI and DWMF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in DWMF

Weight gaps