DFAI vs DXIV: Grades, Fees and Holdings Compared

Dimensional International Core Equity Market ETF

DFAIANYSE Arca

Dimensional International Vector Equity ETF

DXIVBNYSE Arca

Overlap

57.0%by weight

Expense ratio

DFAI −0.12pt a year

DFAI0.18%DXIV0.30%

Avg volume · 30D

DFAI 82.3×the volume

DFAI1.81MDXIV22.1K

DFAI vs DXIV Performance

Oct 31, 2025 – Oct 30, 2026

+15.9%DFAI+19.8%DXIV

Expense ratio: DFAI 0.18%, better; DXIV 0.30%
Fund size: DFAI $18.2B; DXIV $232M
1Y total return: DFAI +15.9%; DXIV +19.8%, better
Yield (12M): DFAI 2.44%, better; DXIV 2.43%
Holdings: DFAI 3767; DXIV 2773
Avg volume (30D): DFAI 1.81M sh, better; DXIV 22.1K sh
NAV per share: DFAI $41.47; DXIV $71.79
52W range

ETF.net Grade

Pillar letters and Scores for DFAI, DXIV, with each pillar’s weight
Pillar	DFAI	DXIV
Cost30% weight	A91Higher	B59
Mission25% weight	B63	Not scored
Risk15% weight	C49	B60Higher
Tradability15% weight	A81Higher	B59
Holdings10% weight	A80	A85Higher
Durability5% weight	A71Higher	D36

Rank among International Multifactor funds

How we build Categories ›

Same Category. DFAI and DXIV 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 DXIV 12th 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 10BQEFAState Street SPDR MSCI EAFE StrategicFactors ETFScore 64
Rank 12BDXIVDimensional International Vector Equity ETFScore 60
Rank 12BQWLDState Street SPDR MSCI World StrategicFactors ETFScore 60

Our read on each fund

ETF.net Research

DFAIADimensional International Core Equity Market ETF

DXIVBDimensional International Vector Equity ETF

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.

DXIV Dimensional's most aggressive international tilt. It owns developed-market stocks of all sizes, then leans hard into the smaller, cheaper, higher-profitability corner instead of just mirroring the cap-weighted market.

Stated mandate

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

DXIV The fund seeks long-term capital appreciation.

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.

DXIV Buys across the whole developed-ex-US market, then strongly overweights smaller, lower-priced, higher-profitability companies versus their share of that universe.sec.gov
Roughly 2,700 holdings, with a prospectus commitment to keep at least 40% of assets in three or more non-US countries under normal conditions.sec.gov
0.30% net of a waiver through February 28, 2027, near the category median and in the same neighborhood as RODM at 0.29%.
Actively managed rather than pegged to an index, so trading can flex daily instead of being forced by a rebalance calendar. Pays quarterly.sec.gov

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.

DXIV That 0.30% is a waived rate. The gross fee is 0.53%, and the waiver is dated through February 28, 2027.
Launched in 2024, so the track record is short. Deep small-cap and value tilts can also drift well away from a plain cap-weighted international index.
Assets and daily volume are modest next to category mainstays, which can mean wider bid-ask spreads on larger orders.

Full DFAI profile⁠

Full DXIV profile⁠

DFAI vs DXIV Holdings

How DFAI and DXIV differ

Overlap by weight

57.0%

Shared holdings make up 98.0% of DXIV and 87.9% of DFAI.

Level by level

Holdings2,609 in both57.0%
Sector11 Sectors86.7%
Countryby domicile95.1%
Asset classEquity100%

Sector

Sector weights in DFAI and DXIV, widest gap first
Sector	More in DFAIMore in DXIV	DFAI	DXIV
Financials	DFAI +7.5 points	24.6%	17.1%
Consumer Discretionary	DXIV +3.9 points	7.7%	11.6%
Materials	DXIV +3.8 points	8.9%	12.7%
Technology	DFAI +2.9 points	10.5%	7.6%
Communication	DXIV +1.7 points	3.6%	5.3%
Utilities	DFAI +1.5 points	3.7%	2.2%
Energy	DXIV +1.5 points	7.1%	8.6%
Industrials	DXIV +1.3 points	17.7%	19.0%
Health Care	DFAI +1.3 points	8.7%	7.4%
Consumer Staples	DXIV +0.8 points	6.2%	7.0%
Real Estate	DXIV +0.3 points	1.2%	1.5%

Country, concentration and asset class

Country by domicile

Country weights in DFAI and DXIV, widest gap first
Country	More in DFAIMore in DXIV	DFAI	DXIV
Japan	DXIV +1.7 points	24.3%	26.0%
United Kingdom	DFAI +1.3 points	11.7%	10.4%
Netherlands	DFAI +1.1 points	4.8%	3.7%
Switzerland	DFAI +0.8 points	8.6%	7.8%
Finland	DXIV +0.6 points	1.0%	1.6%
Canada	DXIV +0.6 points	11.4%	12.0%
Other countries (23)	DXIV +0.2 points	38.3%	38.5%

Outside the US: DFAI 99% developed, 1% emerging. DXIV 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

DFAI9.8%
DXIV7.2%

Securities held

DFAI3,749
DXIV2,757

Asset class

DFAI: Equity
DXIV: Equity

Holdings

Only in DFAI1,140
In both2,609
Only in DXIV148

Only in DFAI

1,140 securities, 12.1% of DFAI by weight

Bp PLC0.57%
Siemens AG0.56%
Unilever PLC0.39%
British American Tobacco0.34%
Enbridge Inc0.28%
National Grid PLC0.23%
Shopify Inc0.23%
Shopify Inc- Class A0.23%
Relx PLC0.21%
Bhp Group Ltd0.18%
Keyence Corp0.17%
Galderma Group AG0.16%
Prudential PLC0.15%
London Stock Exchange Gro0.14%
Mitsubishi Electric Corp0.13%
Wheaton Precious Metals C0.13%
Banco Santander SA0.13%
Essilorluxottica SA0.12%
Tc Energy Corp0.12%
Constellation Software In0.12%
Csl Ltd0.12%
Nintendo Co Ltd0.12%
Hermes International0.11%
Marubeni Corp0.11%
Ntt Inc0.10%
Franco-Nevada Corp0.10%
Veolia Environnement SA0.10%
Intercontinental Hotels G0.09%
Transurban Group0.09%
East Japan Railway Co0.09%
Fortis Inc/Canada0.09%
Generali0.09%
Nebius Group NV0.08%
Bombardier Inc0.08%
Cenovus Energy Inc0.08%
Leonardo Spa0.08%
Kansai Electric Power Co0.08%
Bayerische Motoren Werke0.08%
Central Japan Railway Co0.07%
Fanuc Corp0.07%
Stmicroelectronics NV0.07%
Edp - Energias De Portuga0.07%
Smc Corp/Japan0.06%
Vat Group AG0.06%
Terna Rete Elettrica Nazi0.06%
Wsp Global Inc0.06%
United Utilities Group Pl0.06%
Emera Inc0.06%
Suncor Energy Inc0.06%
Argenx SE0.05%

Only in DXIV

148 securities, 2.0% of DXIV by weight

Bp PLC0.61%
Gsk PLC0.26%
Astrazeneca PLC0.25%
Unilever PLC0.24%
British American Tobacco0.11%
Prudential PLC0.11%
Balfour Beatty PLC0.02%
Kaken Pharmaceutical Co L0.02%
Walliser Kantonalbank0.02%
Algoma Steel Group Inc0.02%
Yunfeng Financial Group L0.02%
Nederman Holding Ab0.01%
Draegerwerk AG & Co Kgaa0.01%
Rio Tinto PLC Adr0.01%
Lifenet Insurance Co0.01%
Bml Inc0.01%
Genda Inc0.01%
Fuji Media Holdings Inc0.01%
Wpp PLC0.01%
Smith & Nephew PLC0.01%
Brookfield Wealth Solutio0.01%
Nissan Shatai Co Ltd<0.01%
Valuetronics Holdings Ltd<0.01%
Galiano Gold Inc<0.01%
Propel Funeral Partners L<0.01%
North American Constructi<0.01%
Schott Pharma AG & Co Kga<0.01%
Npr-Riken Corp<0.01%
Heiwa Holdings Inc<0.01%
Mixi Inc<0.01%
Neturen Co Ltd<0.01%
Tuas Ltd<0.01%
Metro Mining Ltd<0.01%
Calfrac Well Services Ltd<0.01%
Lna Sante SA<0.01%
Villar International Ltd<0.01%
Nagawa Co Ltd<0.01%
Hirakawa Hewtech Corp<0.01%
Naturenergie Holding AG<0.01%
Djurslands Bank A/S<0.01%
Itab Group Ab<0.01%
Pan-United Corp Ltd<0.01%
Kowloon Development Co Lt<0.01%
Springer Nature AG & Co K<0.01%
Phoenix Mecano AG<0.01%
Komatsu Wall Industry Co<0.01%
Rosenbauer International<0.01%
Dustin Group Ab<0.01%
Transport International H<0.01%
Perion Network Ltd<0.01%

Weight gaps

The 100 widest of 2,609 Holdings in both funds.

Holding weights in DFAI and DXIV, widest gap first
Holding	More in DFAIMore in DXIV	DFAI	DXIV
Shell PLCSHEL.L	DFAI +1.15 points	1.29%	0.14%
Shell PLCSHEL	DXIV +0.86 points	0.03%	0.89%
Asml Holding NVASML	DFAI +0.83 points	1.90%	1.07%
Astrazeneca PLCAZN.L	DFAI +0.76 points	0.79%	0.03%
Hsbc Holdings PLCHSBA.L	DFAI +0.63 points	0.96%	0.33%
Mitsubishi Ufj Financial	DFAI +0.58 points	0.76%	0.18%
Sap SE	DFAI +0.56 points	0.57%	0.01%
Commonwealth Bank of Aust	DFAI +0.49 points	0.51%	0.02%
Asml Holding NV	DFAI +0.39 points	0.41%	0.02%
Royal Bank of Canada	DFAI +0.36 points	0.64%	0.28%
Toronto-Dominion BankTD	DFAI +0.35 points	0.53%	0.18%
Iberdrola SA	DFAI +0.35 points	0.38%	0.03%
Air Liquide SA	DFAI +0.32 points	0.35%	0.03%
Gsk PLCGSK.L	DFAI +0.30 points	0.35%	0.05%
Advantest Corp	DFAI +0.31 points	0.62%	0.31%
Abb Ltd	DFAI +0.29 points	0.34%	0.05%
Recruit Holdings Co Ltd	DFAI +0.29 points	0.59%	0.30%
Schneider Electric SE	DFAI +0.28 points	0.40%	0.12%
Royal Bank of CanadaRY	DFAI +0.27 points	0.31%	0.04%
Rio Tinto PLCRIO.L	DFAI +0.26 points	0.27%	<0.01%
Novartis AG	DFAI +0.27 points	0.28%	0.01%
Mizuho Financial Group In	DFAI +0.27 points	0.36%	0.09%
Nestle SA	DFAI +0.26 points	0.87%	0.61%
Allianz SE	DFAI +0.25 points	0.61%	0.36%
Suncor Energy Inc.SU	DXIV +0.25 points	0.37%	0.62%
Zurich Insurance Group AG	DFAI +0.25 points	0.36%	0.11%
Dbs Group Holdings Ltd	DFAI +0.25 points	0.38%	0.13%
Toyota Motor Corp	DFAI +0.25 points	0.63%	0.38%
Bt Group PLC	DXIV +0.23 points	0.11%	0.34%
Orange SA	DXIV +0.24 points	0.17%	0.41%
Banco Santander SA	DFAI +0.24 points	0.39%	0.15%
Tokyo Electron Ltd	DFAI +0.23 points	0.51%	0.28%
Sumitomo Mitsui Financial	DFAI +0.23 points	0.38%	0.15%
Mitsubishi Corp	DFAI +0.23 points	0.24%	0.01%
Roche Holding AG	DFAI +0.23 points	1.19%	0.96%
Bnp Paribas SA	DFAI +0.22 points	0.30%	0.08%
Ing Groep NV	DFAI +0.22 points	0.28%	0.06%
Sanofi	DFAI +0.21 points	0.27%	0.06%
Swisscom AG	DXIV +0.22 points	0.13%	0.35%
Hitachi Ltd	DFAI +0.21 points	0.45%	0.24%
Bank of Montreal	DFAI +0.21 points	0.26%	0.05%
Anz Group Holdings	DFAI +0.21 points	0.26%	0.05%
Ubs Group AG	DFAI +0.21 points	0.23%	0.02%
Airbus SE	DFAI +0.20 points	0.34%	0.14%
Fujikura Ltd	DFAI +0.20 points	0.30%	0.10%
Unicredit Spa	DFAI +0.20 points	0.40%	0.20%
Mitsui & Co Ltd	DFAI +0.20 points	0.20%	<0.01%
Kioxia Holdings Corp	DFAI +0.19 points	0.25%	0.06%
Murata Manufacturing Co L	DFAI +0.19 points	0.20%	<0.01%
L'oreal SA	DFAI +0.19 points	0.29%	0.10%
Itochu Corp	DFAI +0.18 points	0.22%	0.04%
Cenovus Energy IncCVE	DXIV +0.19 points	0.11%	0.30%
Glencore PLCGLEN.L	DFAI +0.18 points	0.21%	0.03%
Cie Financiere Richemont	DFAI +0.19 points	0.29%	0.10%
Bank of Nova Scotia/TheBNS	DFAI +0.19 points	0.35%	0.16%
Mitsubishi Heavy Industri	DFAI +0.19 points	0.18%	<0.01%
National Australia Bank L	DFAI +0.19 points	0.29%	0.10%
Intesa Sanpaolo Spa	DFAI +0.18 points	0.30%	0.12%
Bayer AG	DXIV +0.18 points	0.28%	0.46%
Axa SA	DFAI +0.18 points	0.23%	0.05%
Barclays PLCBARC.L	DFAI +0.17 points	0.33%	0.16%
Safran SA	DFAI +0.17 points	0.36%	0.19%
Canadian Imperial Bank of	DFAI +0.16 points	0.21%	0.05%
Aia Group Ltd	DFAI +0.17 points	0.30%	0.13%
Tui AG	DXIV +0.16 points	0.02%	0.18%
Astellas Pharma Inc	DXIV +0.16 points	0.13%	0.29%
Macquarie Group Ltd	DFAI +0.15 points	0.16%	<0.01%
Rolls-Royce Holdings PLCRR.L	DFAI +0.16 points	0.48%	0.32%
Westpac Banking Corp	DFAI +0.16 points	0.28%	0.12%
Oversea-Chinese Banking C	DFAI +0.15 points	0.23%	0.08%
Takeda Pharmaceutical Co	DFAI +0.15 points	0.22%	0.07%
Reckitt Benckiser Group PRKT.L	DXIV +0.15 points	0.17%	0.32%
Anglo American Ord NpvAAL.L	DFAI +0.15 points	0.19%	0.04%
Brookfield CorpBN	DFAI +0.15 points	0.18%	0.03%
Iamgold CorpIAG	DXIV +0.14 points	0.04%	0.18%
Drax Group PLCDRX.L	DXIV +0.15 points	0.02%	0.17%
Nutrien LtdNTR	DXIV +0.14 points	0.12%	0.26%
Givaudan SA	DFAI +0.14 points	0.17%	0.03%
Danone SA	DFAI +0.13 points	0.17%	0.04%
Siemens Energy AG	DFAI +0.14 points	0.36%	0.22%
Baytex Energy Corp	DXIV +0.13 points	0.03%	0.16%
Magna International IncMGA	DXIV +0.13 points	0.06%	0.18%
Asr Nederland NV	DXIV +0.13 points	0.09%	0.22%
Carrefour SA	DXIV +0.13 points	0.05%	0.18%
Whitecap Resources Inc	DXIV +0.12 points	0.07%	0.19%
Bank of MontrealBMO	DFAI +0.12 points	0.14%	0.02%
Standard Chartered PLCSTAN.L	DFAI +0.12 points	0.22%	0.10%
Brenntag SE	DXIV +0.12 points	0.04%	0.16%
Nokia Oyj	DFAI +0.12 points	0.13%	0.01%
Shin-Etsu Chemical Co Ltd	DFAI +0.12 points	0.19%	0.07%
B2GOLD CorpBTG	DXIV +0.12 points	0.02%	0.14%
Anheuser-Busch Inbev Sa/N	DFAI +0.12 points	0.24%	0.12%
Canadian Pacific Kansas CCP	DFAI +0.12 points	0.15%	0.03%
Kinross Gold CorpKGC	DXIV +0.12 points	0.09%	0.21%
Fortuna Silver Mines IncFSM	DXIV +0.12 points	0.01%	0.13%
Eiffage SA	DXIV +0.12 points	0.05%	0.17%
Koninklijke Kpn NV	DXIV +0.12 points	0.11%	0.23%
Fresenius Medical Care AG	DXIV +0.12 points	0.04%	0.16%
National Bank of Canada	DFAI +0.12 points	0.20%	0.08%
Canadian Tire Corp Ltd	DXIV +0.12 points	0.04%	0.16%

All 3,869 DFAI holdings⁠All 2,728 DXIV 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 DXIV Cost

Overpaying DXIV vs DFAI

$2,400

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

DFAI 0.18%
$3,749
DXIV 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

DFAI 0.18%
DXIV 0.30%
Overpaying

Year by year

Year	DFAI	DXIV	Overpaying
10	$328	$545	$217
20	$1,281	$2,113	$832
30	$3,749	$6,149	$2,400

Expense ratio

0.18%DFAI, cheaper
0.30%DXIV

DFAI0.18%DXIV0.30%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

DFAI 3rd cheapest of 30 funds

DXIV 12th cheapest of 30 funds

DFAI vs DXIV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFAI 2.44%, better; DXIV 2.43%
Payout (12M): DFAI $1.01; DXIV $1.75
Last payment: DFAI $0.18; DXIV $0.29
Ex-dividend: DFAI Sep 22, 2026; DXIV Sep 22, 2026
Paid on: DFAI Sep 24, 2026; DXIV Sep 24, 2026
Frequency: DFAI Quarterly; DXIV Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

DFAIQuarterly · 24 paymentsAll DFAI payments⁠

DXIVQuarterly · 8 paymentsAll DXIV payments⁠

DFAI vs DXIV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFAI 11.6%DXIV 12.3%since Oct 2024
Return per unit of riskSharpe ratio, 3 years: DFAI 1.33DXIV 1.18since Oct 2024
Worst fallMax drawdown, 5 years: DFAI −27.4%DXIV −13.7%since Sep 2024
Market sensitivityBeta, 5 years: DFAI 0.91DXIV 0.48; Market = 1

DFAI and DXIV 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 DXIV

In short

Stated mandate

Why people hold it

Worth knowing

How DFAI and DXIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in DXIV

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 DXIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in DXIV

Weight gaps