DFAI vs FEUZ: Grades, Fees and Holdings Compared

Dimensional International Core Equity Market ETF

DFAIANYSE Arca

First Trust Eurozone AlphaDEX ETF

FEUZDNasdaq

Overlap

11.0%by weight

Expense ratio

DFAI −0.62pt a year

DFAI0.18%FEUZ0.80%

Avg volume · 30D

DFAI 452.1×the volume

DFAI1.81MFEUZ4.01K

5Y return · a year

DFAI +0.7pt

DFAI+9.6%FEUZ+8.9%

DFAI vs FEUZ Performance

Oct 29, 2021 – Oct 30, 2026

+58.2%DFAI+53.3%FEUZ

Expense ratio: DFAI 0.18%, better; FEUZ 0.80%
Fund size: DFAI $18.2B; FEUZ $114M
1Y total return: DFAI +15.9%, better; FEUZ +11.4%
Yield (12M): DFAI 2.44%; FEUZ 3.16%, better
Holdings: DFAI 3767; FEUZ 153
Avg volume (30D): DFAI 1.81M sh, better; FEUZ 4.01K sh
NAV per share: DFAI $41.47; FEUZ $63.33
52W range

ETF.net Grade

Pillar letters and Scores for DFAI, FEUZ, with each pillar’s weight
Pillar	DFAI	FEUZ
Cost30% weight	A91Higher	F5
Mission25% weight	B63	Not scored
Risk15% weight	C49Higher	F24
Tradability15% weight	A81Higher	C46
Holdings10% weight	A80Higher	B55
Durability5% weight	A71Higher	B57

Rank among International Multifactor funds

How we build Categories ›

Same Category. DFAI and FEUZ 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 FEUZ 27th 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 25DIDYNiShares International Equity Factor Rotation Active ETFScore 31
Rank 27DFEUZFirst Trust Eurozone AlphaDEX ETFScore 27
Rank 27DOEFAALPS O'Shares International Developed Quality Dividend ETFScore 27

Our read on each fund

ETF.net Research

DFAIADimensional International Core Equity Market ETF

FEUZDFirst Trust Eurozone AlphaDEX 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.

FEUZ Most international factor funds sweep the whole developed world. FEUZ picks one bloc: the eurozone, run through First Trust's patented AlphaDEX screen, which ranks on growth and value and tiers the survivors instead of tracking market cap.

Stated mandate

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

FEUZ The fund seeks to track, before fees and expenses, the price and yield of the Nasdaq AlphaDEX® EurozoneTM Index. It uses an enhanced, rules-based AlphaDEX selection process applied to the Nasdaq EurozoneTM Index.

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.

FEUZ Eurozone only. No UK, no Switzerland, no Japan watering down the exposure, so it acts as a targeted slice rather than another all-of-developed-markets blend.ftportfolios.com
AlphaDEX ranks the parent Nasdaq Eurozone index on growth and value factors, cuts the bottom 25% of scorers, then tiers the rest by quintile and rebalances quarterly.ftportfolios.com
Stocks are equally weighted inside each quintile across roughly 150 names, so no single European mega-cap sets the tone the way it would in a cap-weighted benchmark.ftportfolios.com
Live since 2014 with a decade-plus of real trading history, and it pays on a quarterly schedule.

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.

FEUZ The 0.80% expense ratio is a multiple of what top-ranked broad international multifactor peers like INTF (0.16%) and GSIE (0.25%) charge.
Thinly traded next to headline international ETFs, so spreads can run wider and larger orders take more care to work.
One currency bloc: euro moves pass straight into dollar returns, and quarterly reconstitution keeps turnover above a set-and-forget cap-weighted index.ftportfolios.com

Full DFAI profile⁠

Full FEUZ profile⁠

DFAI vs FEUZ Holdings

How DFAI and FEUZ differ

Overlap by weight

11.0%

Shared holdings make up 86.5% of FEUZ and 11.7% of DFAI.

Level by level

Holdings131 in both11.0%
Countryby domicile28.5%
Sector11 Sectors77.5%
Asset classEquity100%

Sector

Sector weights in DFAI and FEUZ, widest gap first
Sector	More in DFAIMore in FEUZ	DFAI	FEUZ
Financials	DFAI +12.4 points	24.6%	12.2%
Industrials	FEUZ +8.4 points	17.7%	26.1%
Energy	FEUZ +4.9 points	7.1%	12.0%
Utilities	FEUZ +4.4 points	3.7%	8.1%
Technology	DFAI +4.2 points	10.5%	6.3%
Real Estate	FEUZ +3.9 points	1.2%	5.0%
Health Care	DFAI +3.4 points	8.7%	5.3%
Materials	DFAI +1.5 points	8.9%	7.4%
Consumer Discretionary	FEUZ +1.0 points	7.7%	8.7%
Consumer Staples	DFAI +0.8 points	6.2%	5.4%
Communication	Same weight	3.6%	3.6%

Country, concentration and asset class

Country by domicile

Country weights in DFAI and FEUZ, widest gap first
Country	More in DFAIMore in FEUZ	DFAI	FEUZ
Japan	DFAI +24.3 points	24.3%	0.0%
France	FEUZ +13.1 points	6.4%	19.5%
United Kingdom	DFAI +11.7 points	11.7%	0.0%
Germany	FEUZ +11.6 points	7.2%	18.8%
Canada	DFAI +11.4 points	11.4%	0.0%
Switzerland	DFAI +8.6 points	8.6%	0.0%
Italy	FEUZ +8.1 points	2.8%	10.9%
Belgium	FEUZ +7.5 points	0.9%	8.4%
Other countries (20)	FEUZ +15.8 points	26.7%	42.5%

Outside the US: DFAI 99% developed, 1% emerging. FEUZ 96% developed, 4% emerging.

Concentration

Weight in the 10 largest Holdings

DFAI9.8%
FEUZ12.2%

Securities held

DFAI3,749
FEUZ151

Asset class

DFAI: Equity
FEUZ: Equity

Holdings

Only in DFAI3,618
In both131
Only in FEUZ20

Only in DFAI

3,618 securities, 88.0% of DFAI by weight

Asml Holding NV1.90%
Shell PLC1.29%
Roche Holding AG1.19%
Hsbc Holdings PLC0.96%
Nestle SA0.87%
Astrazeneca PLC0.79%
Mitsubishi Ufj Financial0.76%
Novartis AG Adr0.70%
Royal Bank of Canada0.64%
Toyota Motor Corp0.63%
Advantest Corp0.62%
Recruit Holdings Co Ltd0.59%
Bhp Group Ltd0.58%
Sap SE0.57%
Bp PLC0.57%
Sony Group Corp0.57%
Siemens AG0.56%
Toronto-Dominion Bank0.53%
Commonwealth Bank of Aust0.51%
Tokyo Electron Ltd0.51%
Rolls-Royce Holdings PLC0.48%
Hitachi Ltd0.45%
Schneider Electric SE0.40%
Canadian Natural Resource0.40%
Unilever PLC0.39%
Sumitomo Mitsui Financial0.38%
Iberdrola SA0.38%
Dbs Group Holdings Ltd0.38%
Suncor Energy Inc.0.37%
Safran SA0.36%
Tokio Marine Holdings Inc0.36%
Zurich Insurance Group AG0.36%
Siemens Energy AG0.36%
Mizuho Financial Group In0.36%
Gsk PLC0.35%
Air Liquide SA0.35%
Bank of Nova Scotia/The0.35%
Airbus SE0.34%
Abb Ltd0.34%
British American Tobacco0.34%
Barclays PLC0.33%
Royal Bank of Canada0.31%
Fujikura Ltd0.30%
Intesa Sanpaolo Spa0.30%
Aia Group Ltd0.30%
Enel Spa0.30%
L'oreal SA0.29%
Cie Financiere Richemont0.29%
National Australia Bank L0.29%
Muenchener Rueckversicher0.28%

Only in FEUZ

20 securities, 13.5% of FEUZ by weight

Sofina S.A.1.27%
Aedifica SA1.11%
Klepierre1.11%
Motor Oil (Hellas) Corinth Refineries S.A.1.08%
Merlin Properties SOCIMI, S.A.1.08%
KBC Ancora SCA1.04%
Piraeus Bank S.A.1.00%
Covivio0.87%
Ryanair Holdings Plc (ADR)0.69%
Unibail-Rodamco-Westfield0.68%
Gek Terna S.a.0.60%
Tenaris S.A.0.49%
Warehouses de Pauw SCA0.44%
Hellenic Telecommunications Organization S.A.0.43%
Alpha Bank S.A.0.41%
Eurobank S.A.0.41%
Puig Brands SA (Class B)0.24%
Bank of Cyprus Holdings Plc0.22%
STMicroelectronics N.V.0.20%
TK Accelis Group AG & Co. KGaA0.10%

Weight gaps

The 100 widest of 131 Holdings in both funds.

Holding weights in DFAI and FEUZ, widest gap first
Holding	More in DFAIMore in FEUZ	DFAI	FEUZ
Teleperformance	FEUZ +1.26 points	0.02%	1.28%
Indra Sistemas SA	FEUZ +1.20 points	0.03%	1.23%
Kesko Oyj	FEUZ +1.18 points	0.05%	1.23%
Buzzi Unicem Spa	FEUZ +1.17 points	0.02%	1.19%
Omv AG	FEUZ +1.13 points	0.06%	1.19%
Sonae Sgps SA	FEUZ +1.11 points	<0.01%	1.12%
Fresenius Medical Care AG	FEUZ +1.10 points	0.04%	1.14%
Bayerische Motoren Werke	FEUZ +1.09 points	0.08%	1.17%
Uniqa Insurance Group AG	FEUZ +1.09 points	<0.01%	1.10%
Sbm Offshore NV	FEUZ +1.08 points	0.03%	1.11%
Aegon Ltd	FEUZ +1.05 points	0.02%	1.07%
Randstad NV	FEUZ +1.03 points	0.01%	1.04%
Vonovia SE	FEUZ +1.02 points	0.04%	1.06%
Acerinox SA	FEUZ +1.01 points	0.02%	1.03%
Koninklijke Vopak NV	FEUZ +1.01 points	0.01%	1.02%
Unipol Gruppo Spa	FEUZ +1.00 points	0.05%	1.05%
Arcelormittal SA	FEUZ +0.97 points	0.04%	1.01%
Kingspan Group PLC	FEUZ +0.97 points	0.07%	1.04%
Prosus NV	FEUZ +0.97 points	0.11%	1.08%
Basf SE	FEUZ +0.96 points	0.23%	1.19%
De' Longhi Spa	FEUZ +0.95 points	0.01%	0.96%
Repsol SA	FEUZ +0.94 points	0.21%	1.15%
Elis SA	FEUZ +0.93 points	0.03%	0.96%
Umicore SA	FEUZ +0.92 points	0.01%	0.93%
A2A Spa	FEUZ +0.92 points	0.03%	0.95%
Aurubis AG	FEUZ +0.91 points	0.02%	0.93%
Thyssenkrupp AG	FEUZ +0.89 points	0.03%	0.92%
United Internet AG	FEUZ +0.87 points	0.01%	0.88%
Dredging Environmental &	FEUZ +0.87 points	<0.01%	0.87%
Ageas Sa/Nv	FEUZ +0.85 points	0.06%	0.91%
Eiffage SA	FEUZ +0.85 points	0.05%	0.90%
Asr Nederland NV	FEUZ +0.85 points	0.09%	0.94%
Heidelberg Materials AG	FEUZ +0.85 points	0.10%	0.95%
Aalberts NV	FEUZ +0.84 points	0.02%	0.86%
Deutsche Lufthansa AG	FEUZ +0.83 points	<0.01%	0.83%
Credito Emiliano Spa	FEUZ +0.81 points	<0.01%	0.82%
Raiffeisen Bank Internati	FEUZ +0.81 points	<0.01%	0.81%
Voestalpine AG	FEUZ +0.79 points	0.03%	0.82%
Galp Energia Sgps SA	FEUZ +0.79 points	0.04%	0.83%
Colruyt Group N.v.	FEUZ +0.78 points	<0.01%	0.79%
Orange SA	FEUZ +0.77 points	0.17%	0.94%
Edenred	FEUZ +0.77 points	0.01%	0.78%
Mercedes-Benz Group AG	FEUZ +0.77 points	0.13%	0.90%
Nn Group NV	FEUZ +0.76 points	0.13%	0.89%
Reply Spa	FEUZ +0.76 points	0.01%	0.77%
Grifols SA	FEUZ +0.76 points	0.01%	0.77%
Capgemini SE	FEUZ +0.75 points	0.07%	0.82%
Orion Oyj	FEUZ +0.74 points	0.06%	0.80%
Michelin	FEUZ +0.73 points	0.11%	0.84%
Kion Group AG	FEUZ +0.74 points	0.01%	0.75%
Vienna Insurance Group AG	FEUZ +0.71 points	<0.01%	0.72%
Cie De Saint-Gobain	FEUZ +0.71 points	0.17%	0.88%
Abn Amro Bank NV	FEUZ +0.70 points	0.12%	0.82%
Enagas SA	FEUZ +0.70 points	0.02%	0.72%
Renault SA	FEUZ +0.70 points	0.02%	0.72%
Dhl AG	FEUZ +0.68 points	0.24%	0.92%
Fraport AG Frankfurt Airp	FEUZ +0.68 points	0.01%	0.69%
Hera Spa	FEUZ +0.67 points	0.02%	0.69%
Evonik Industries AG	FEUZ +0.66 points	0.03%	0.69%
Pirelli & C Spa	FEUZ +0.64 points	0.02%	0.66%
Andritz AG	FEUZ +0.62 points	0.03%	0.65%
Metso Corporation	FEUZ +0.62 points	0.04%	0.66%
Stora Enso Oyj	FEUZ +0.60 points	0.03%	0.63%
Volkswagen AG	FEUZ +0.59 points	0.07%	0.66%
Bouygues SA	FEUZ +0.59 points	0.07%	0.66%
Publicis Groupe SA	FEUZ +0.58 points	0.13%	0.71%
Argenx SE	FEUZ +0.58 points	0.05%	0.63%
Totalenergies SE	FEUZ +0.58 points	0.69%	1.27%
Banco Comercial Portugues	FEUZ +0.56 points	0.04%	0.59%
Koninklijke Ahold Delhaiz	FEUZ +0.56 points	0.13%	0.69%
Bank of Ireland Group PLC	FEUZ +0.53 points	0.09%	0.62%
Neste Oyj	FEUZ +0.53 points	0.05%	0.58%
Eni Spa	FEUZ +0.53 points	0.23%	0.76%
Ing Groep NV	FEUZ +0.52 points	0.28%	0.80%
Carrefour SA	FEUZ +0.50 points	0.05%	0.55%
Erste Group Bank AG	FEUZ +0.47 points	0.13%	0.60%
Nexi Spa	FEUZ +0.47 points	<0.01%	0.48%
Eurofins Scientific	FEUZ +0.46 points	0.06%	0.52%
Logista	FEUZ +0.46 points	<0.01%	0.47%
Italgas Spa	FEUZ +0.45 points	0.03%	0.48%
Scor SE	FEUZ +0.45 points	0.04%	0.49%
Alstom SA	FEUZ +0.45 points	0.02%	0.47%
Fuchs Petrolub SE	FEUZ +0.44 points	0.02%	0.46%
Pernod Ricard SA	FEUZ +0.44 points	0.06%	0.50%
Arkema SA	FEUZ +0.44 points	0.01%	0.45%
Vallourec SA	FEUZ +0.44 points	0.02%	0.46%
Saipem Spa	FEUZ +0.43 points	0.03%	0.46%
AT&S Austria Technologie	FEUZ +0.43 points	0.02%	0.45%
Bechtle AG	FEUZ +0.42 points	0.01%	0.43%
Henkel AG & Co Kgaa	FEUZ +0.42 points	0.07%	0.49%
Syensqo SA	FEUZ +0.41 points	0.03%	0.44%
Fresenius SE & Co Kgaa	FEUZ +0.39 points	0.09%	0.48%
Fortum Oyj	FEUZ +0.38 points	0.05%	0.43%
Azimut Holding Spa	FEUZ +0.38 points	0.02%	0.40%
Commerzbank AG	FEUZ +0.38 points	0.04%	0.42%
Banco Santander SA	FEUZ +0.34 points	0.39%	0.73%
Daimler Truck Holding AG	FEUZ +0.34 points	0.09%	0.43%
Bawag Group AG	FEUZ +0.34 points	0.06%	0.40%
Rwe AG	FEUZ +0.26 points	0.17%	0.43%
Infrastrutture Wireless I	FEUZ +0.26 points	<0.01%	0.26%

All 3,869 DFAI holdings⁠All 151 FEUZ 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 FEUZ Cost

Overpaying FEUZ vs DFAI

$11,597

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

DFAI 0.18%
$3,749
FEUZ 0.80%
$15,346

Amount$10,000

Years30 years

Cost over time

DFAI 0.18%
FEUZ 0.80%
Overpaying

Year by year

Year	DFAI	FEUZ	Overpaying
10	$328	$1,422	$1,094
20	$1,281	$5,393	$4,112
30	$3,749	$15,346	$11,597

Expense ratio

0.18%DFAI, cheaper
0.80%FEUZ

DFAI0.18%FEUZ0.80%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

DFAI 3rd cheapest of 30 funds

FEUZ 27th cheapest of 30 funds

DFAI vs FEUZ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFAI 2.44%; FEUZ 3.16%, better
Payout (12M): DFAI $1.01; FEUZ $2.00
Last payment: DFAI $0.18; FEUZ $0.41
Ex-dividend: DFAI Sep 22, 2026; FEUZ Sep 24, 2026
Paid on: DFAI Sep 24, 2026; FEUZ Sep 30, 2026
Frequency: DFAI Quarterly; FEUZ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFAIQuarterly · 24 paymentsAll DFAI payments⁠

FEUZQuarterly · 34 paymentsAll FEUZ payments⁠

DFAI vs FEUZ Risk

Fall from peak · 5 years

DFAI
FEUZ

Risk facts

VolatilityStd dev, 3 years: DFAI 11.6%, betterFEUZ 14.7%
Return per unit of riskSharpe ratio, 3 years: DFAI 1.33, betterFEUZ 1.28
Worst fallMax drawdown, 5 years: DFAI −27.4%, betterFEUZ −38.7%
Market sensitivityBeta, 5 years: DFAI 0.91FEUZ 0.88; Market = 1

DFAI and FEUZ 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 FEUZ

In short

Stated mandate

Why people hold it

Worth knowing

How DFAI and FEUZ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in FEUZ

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 FEUZ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in FEUZ

Weight gaps