DFAI vs GLOF: Grades, Fees and Holdings Compared

Dimensional International Core Equity Market ETF

DFAIANYSE Arca

iShares Global Equity Factor ETF

GLOFBNYSE Arca

Overlap

14.4%by weight

Expense ratio

DFAI −0.02pt a year

DFAI0.18%GLOF0.20%

Avg volume · 30D

DFAI 76.8×the volume

DFAI1.81MGLOF23.6K

5Y return · a year

GLOF +2.2pt

DFAI+9.6%GLOF+11.8%

DFAI vs GLOF Performance

Oct 29, 2021 – Oct 30, 2026

+58.2%DFAI+75.1%GLOF

Expense ratio: DFAI 0.18%, better; GLOF 0.20%
Fund size: DFAI $18.2B; GLOF $202M
1Y total return: DFAI +15.9%, better; GLOF +14.5%
Yield (12M): DFAI 2.44%, better; GLOF 1.57%
Holdings: DFAI 3767; GLOF 683
Avg volume (30D): DFAI 1.81M sh, better; GLOF 23.6K sh
NAV per share: DFAI $41.47; GLOF $59.28
52W range

ETF.net Grade

Pillar letters and Scores for DFAI, GLOF, with each pillar’s weight
Pillar	DFAI	GLOF
Cost30% weight	A91Higher	A86
Mission25% weight	B63	Not scored
Risk15% weight	C49	B55Higher
Tradability15% weight	A81Higher	A71
Holdings10% weight	A80Higher	D33
Durability5% weight	A71Higher	B60

Rank among International Multifactor funds

How we build Categories ›

Same Category. DFAI and GLOF 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 GLOF 7th 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 6BISCFiShares International Small-Cap Equity Factor ETFScore 69
Rank 7BGLOFiShares Global Equity Factor ETFScore 67
Rank 7BGSIEGoldman Sachs ActiveBeta International Equity ETFScore 67

Our read on each fund

ETF.net Research

DFAIADimensional International Core Equity Market ETF

GLOFBiShares Global Equity Factor 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.

GLOF Most factor funds in this corner stop at the US border. GLOF doesn't: one fund, roughly 700 large- and mid-cap stocks across developed and emerging markets, weighted toward value, quality, momentum, low volatility and smaller size.

Stated mandate

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

GLOF The fund seeks to track an index of large- and mid-capitalization developed- and emerging-market stocks selected for favorable exposure to target style factors, subject to constraints.

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.

GLOF Whole-world coverage in one wrapper: US, developed and emerging markets, roughly 700 large- and mid-cap names, for 0.20% a year.blackrock.com
That 0.20% fee sits well under the multifactor cohort median of 0.38%, and undercuts ex-US peers such as GSIE (0.25%) and RODM (0.29%).
An optimizer, not a simple screen: the STOXX Global Equity Factor Index chases five factor exposures while keeping market risk close to the broad parent index.blackrock.com
Live since 2015 and run by BlackRock's iShares desk, it stands among the stronger packages in its multifactor peer group.

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.

GLOF Trading is light next to mainstream global index funds, so bid-ask spreads can run wider than the headline fee suggests.
The engine changed in March 2023, from an MSCI multi-factor index to the STOXX one, so the older track record reflects a different recipe.blackrock.com
Factor tilts move on their own cycle and can diverge from a plain cap-weighted global index. Cash comes once or twice a year, not quarterly.

Full DFAI profile⁠

Full GLOF profile⁠

DFAI vs GLOF Holdings

How DFAI and GLOF differ

Overlap by weight

14.4%

Shared holdings make up 30.4% of DFAI and 24.0% of GLOF.

Level by level

Holdings213 in both14.4%
Countryby domicile23.3%
Sector11 Sectors72.7%
Asset classEquity100%

Sector

Sector weights in DFAI and GLOF, widest gap first
Sector	More in DFAIMore in GLOF	DFAI	GLOF
Technology	GLOF +21.2 points	10.5%	31.7%
Industrials	DFAI +8.1 points	17.7%	9.6%
Financials	DFAI +7.7 points	24.6%	16.9%
Materials	DFAI +6.0 points	8.9%	2.9%
Energy	DFAI +3.2 points	7.1%	3.9%
Communication	GLOF +3.1 points	3.6%	6.7%
Consumer Discretionary	GLOF +2.1 points	7.7%	9.8%
Utilities	DFAI +1.4 points	3.7%	2.3%
Health Care	GLOF +1.1 points	8.7%	9.8%
Consumer Staples	DFAI +0.6 points	6.2%	5.6%
Real Estate	DFAI +0.3 points	1.2%	0.9%

Country, concentration and asset class

Country by domicile

Country weights in DFAI and GLOF, widest gap first
Country	More in DFAIMore in GLOF	DFAI	GLOF
United States	GLOF +66.0 points	1.0%	67.0%
Japan	DFAI +17.1 points	24.3%	7.2%
Canada	DFAI +9.0 points	11.4%	2.4%
United Kingdom	DFAI +8.6 points	11.7%	3.1%
Germany	DFAI +7.2 points	7.2%	0.0%
France	DFAI +6.4 points	6.4%	0.0%
Switzerland	DFAI +5.8 points	8.6%	2.8%
Australia	DFAI +4.5 points	6.0%	1.5%
Other countries (22)	DFAI +7.3 points	23.4%	16.1%

Outside the US: DFAI 99% developed, 1% emerging. GLOF 67% developed, 33% emerging.

Concentration

Weight in the 10 largest Holdings

DFAI9.8%
GLOF24.4%

Securities held

DFAI3,749
GLOF652

Asset class

DFAI: Equity
GLOF: Equity

Holdings

Only in DFAI3,536
In both213
Only in GLOF439

Only in DFAI

3,536 securities, 69.3% of DFAI by weight

Asml Holding NV1.90%
Shell PLC1.29%
Nestle SA0.87%
Novartis AG Adr0.70%
Allianz SE0.61%
Sap SE0.57%
Siemens AG0.56%
Toronto-Dominion Bank0.53%
Canadian Natural Resource0.40%
Unilever PLC0.39%
Banco Santander SA0.39%
Suncor Energy Inc.0.37%
Safran SA0.36%
Air Liquide SA0.35%
Bank of Nova Scotia/The0.35%
Airbus SE0.34%
British American Tobacco0.34%
Royal Bank of Canada0.31%
Aia Group Ltd0.30%
Bnp Paribas SA0.30%
L'oreal SA0.29%
National Australia Bank L0.29%
Muenchener Rueckversicher0.28%
Ing Groep NV0.28%
Enbridge Inc0.28%
Westpac Banking Corp0.28%
Bayer AG0.28%
Sanofi0.27%
Swiss Re AG0.27%
Anz Group Holdings0.26%
Lloyds Banking Group PLC0.26%
Agnico Eagle Mines Ltd0.26%
Bank of Montreal0.26%
Infineon Technologies AG0.26%
Banco Bilbao Vizcaya Arge0.26%
Anheuser-Busch Inbev Sa/N0.24%
Compass Group PLC0.24%
Mitsubishi Corp0.24%
Dhl AG0.24%
Tesco PLC0.23%
Eni Spa0.23%
National Grid PLC0.23%
Basf SE0.23%
Shopify Inc0.23%
Lonza Group AG0.23%
Shopify Inc- Class A0.23%
Axa SA0.23%
Itochu Corp0.22%
Takeda Pharmaceutical Co0.22%
Vinci SA0.22%

Only in GLOF

439 securities, 75.5% of GLOF by weight

Apple4.83%
NVIDIA4.67%
Microsoft3.65%
Alphabet Class C2.79%
Amazon.com Inc2.10%
Broadcom Inc1.56%
Taiwan Semiconductor Manufacturing1.53%
Meta Platforms Class A1.18%
Eli Lilly1.02%
JPMorgan Chase & Co0.92%
Micron Technology0.86%
AbbVie0.83%
Johnson & Johnson0.79%
Tesla Inc0.79%
Visa Class A0.75%
Walmart0.72%
Samsung Electronics Ltd0.64%
Bank of New York Mellon Corp0.63%
Mckesson Corp0.61%
Advanced Micro Devices0.58%
General Motors0.55%
Lam Research0.52%
Ebay0.52%
Marathon Petroleum0.52%
Procter & Gamble0.51%
Booking Holdings0.49%
Sk Hynix0.49%
Mastercard Class A0.48%
Expedia Group0.45%
Investor Class B0.44%
Altria Group Inc0.43%
Exxonmobil Holdings Corp0.43%
Synchrony Financial0.41%
Pepsico0.39%
Te Connectivity PLC0.38%
Ge Aerospace0.38%
Trane Technologies PLC0.37%
Kla0.37%
Merck & Co Inc0.37%
Mettler Toledo0.36%
Gilead Sciences0.36%
Kroger0.36%
Fortinet0.35%
Qualcomm0.34%
Adobe Inc0.34%
Autodesk0.34%
Applied Material Inc0.34%
Bristol Myers Squibb0.33%
Palantir Technologies Class A0.33%
Atlassian Corp Class A0.33%

Weight gaps

The 100 widest of 213 Holdings in both funds.

Holding weights in DFAI and GLOF, widest gap first
Holding	More in DFAIMore in GLOF	DFAI	GLOF
Roche Holding AG	DFAI +0.91 points	1.19%	0.28%
Novartis AG	GLOF +0.78 points	0.28%	1.06%
Hsbc Holdings PLCHSBA.L	DFAI +0.77 points	0.96%	0.19%
Astrazeneca PLCAZN.L	DFAI +0.66 points	0.79%	0.13%
Toyota Motor Corp	DFAI +0.63 points	0.63%	<0.01%
Royal Bank of Canada	DFAI +0.62 points	0.64%	0.02%
Sony Group Corp	DFAI +0.54 points	0.57%	0.03%
Totalenergies SE	DFAI +0.54 points	0.69%	0.15%
Mitsubishi Ufj Financial	DFAI +0.45 points	0.76%	0.31%
Tokyo Electron Ltd	DFAI +0.44 points	0.51%	0.07%
Commonwealth Bank of Aust	DFAI +0.43 points	0.51%	0.08%
Aercap Holdings NVAER	GLOF +0.40 points	<0.01%	0.40%
Schneider Electric SE	DFAI +0.39 points	0.40%	<0.01%
Advantest Corp	DFAI +0.38 points	0.62%	0.24%
Rolls-Royce Holdings PLCRR.L	DFAI +0.37 points	0.48%	0.11%
Deutsche Telekom AG	DFAI +0.35 points	0.41%	0.06%
Dbs Group Holdings Ltd	DFAI +0.35 points	0.38%	0.03%
Iberdrola SA	DFAI +0.34 points	0.38%	0.04%
Bhp Group Ltd	DFAI +0.34 points	0.58%	0.24%
Asics Corp	GLOF +0.33 points	0.09%	0.42%
Loblaw Cos Ltd	GLOF +0.30 points	0.10%	0.40%
Bp PLCBP.L	DFAI +0.30 points	0.57%	0.27%
Aib Group PLC	GLOF +0.29 points	0.12%	0.41%
Cie Financiere Richemont	DFAI +0.28 points	0.29%	0.01%
Zurich Insurance Group AG	DFAI +0.28 points	0.36%	0.08%
Hitachi Ltd	DFAI +0.26 points	0.45%	0.19%
Siemens Energy AG	DFAI +0.26 points	0.36%	0.10%
Gsk PLCGSK.L	DFAI +0.25 points	0.35%	0.10%
Repsol SA	GLOF +0.25 points	0.21%	0.46%
Barclays PLCBARC.L	DFAI +0.25 points	0.33%	0.08%
Tokio Marine Holdings Inc	DFAI +0.25 points	0.36%	0.11%
Fast Retailing Co Ltd	DFAI +0.25 points	0.27%	0.02%
Rio Tinto Ltd	GLOF +0.24 points	0.14%	0.38%
Fujikura Ltd	DFAI +0.24 points	0.30%	0.06%
Rio Tinto PLCRIO.L	DFAI +0.22 points	0.27%	0.05%
Kioxia Holdings Corp	DFAI +0.21 points	0.25%	0.04%
Deutsche Boerse AG	DFAI +0.21 points	0.26%	0.05%
Thomson Reuters Corp	GLOF +0.20 points	0.02%	0.22%
Intesa Sanpaolo Spa	DFAI +0.20 points	0.30%	0.10%
Recruit Holdings Co Ltd	DFAI +0.20 points	0.59%	0.39%
Hoya Corp	DFAI +0.19 points	0.20%	<0.01%
Enel Spa	DFAI +0.19 points	0.30%	0.11%
Hydro One Ltd	GLOF +0.18 points	0.05%	0.23%
Credit Agricole SA	GLOF +0.17 points	0.06%	0.23%
Coca-Cola Hbc AGCCH.L	GLOF +0.17 points	0.06%	0.23%
Phoenix Finance Ltd	GLOF +0.17 points	0.06%	0.23%
Imperial Oil Ltd	GLOF +0.17 points	0.05%	0.22%
Manulife Financial Corp	GLOF +0.17 points	0.11%	0.28%
Equinor Asa	GLOF +0.16 points	0.13%	0.29%
Vodafone Group PLCVOD.L	GLOF +0.16 points	0.14%	0.30%
Asml Holding NV	GLOF +0.16 points	0.41%	0.57%
Ap Moller - Maersk A/S	GLOF +0.15 points	0.06%	0.21%
Abb Ltd	GLOF +0.15 points	0.34%	0.49%
Sumitomo Mitsui Financial	DFAI +0.14 points	0.38%	0.24%
Ageas Sa/Nv	GLOF +0.14 points	0.06%	0.20%
Yangzijiang Shipbuilding	GLOF +0.15 points	0.04%	0.19%
Standard Chartered PLCSTAN.L	DFAI +0.14 points	0.22%	0.08%
Daiichi Life Group Inc	DFAI +0.14 points	0.17%	0.03%
George Weston Ltd	GLOF +0.14 points	0.05%	0.19%
Centrica PLCCNA.L	GLOF +0.13 points	0.04%	0.17%
Natwest Group PLCNWG.L	DFAI +0.13 points	0.24%	0.11%
Societe Generale SA	DFAI +0.13 points	0.19%	0.06%
Ubs Group AG	GLOF +0.13 points	0.23%	0.36%
Prysmian Spa	DFAI +0.13 points	0.14%	0.01%
Mitsubishi Heavy Industri	DFAI +0.13 points	0.18%	0.06%
MS&AD Insurance Group Hol	DFAI +0.12 points	0.17%	0.05%
Subaru Corp	GLOF +0.12 points	0.04%	0.16%
Komatsu Ltd	DFAI +0.11 points	0.13%	0.02%
Sompo Holdings Inc	DFAI +0.11 points	0.14%	0.03%
Telefonaktiebolaget Lm Er	DFAI +0.10 points	0.12%	0.02%
Ibiden Co Ltd	DFAI +0.11 points	0.12%	0.01%
Hachijuni Nagano Bank Ltd	GLOF +0.10 points	0.03%	0.13%
Nutrien Ltd	GLOF +0.11 points	0.03%	0.14%
Deutsche Bank AG	GLOF +0.10 points	0.06%	0.16%
Gunma Bank Ltd/The	GLOF +0.10 points	0.02%	0.12%
Mercedes-Benz Group AG	DFAI +0.10 points	0.13%	0.03%
Bt Group PLC	DFAI +0.10 points	0.11%	<0.01%
Endesa SA	GLOF +0.10 points	0.06%	0.16%
Eneos Holdings Inc	DFAI +0.09 points	0.12%	0.03%
Iyogin Holdings Inc	GLOF +0.10 points	0.02%	0.12%
Raiffeisen Bank Internati	GLOF +0.10 points	<0.01%	0.10%
Fairfax Financial Holding	DFAI +0.09 points	0.17%	0.08%
Isetan Mitsukoshi Holding	GLOF +0.09 points	0.03%	0.12%
Tokyo Ohka Kogyo Co Ltd	GLOF +0.09 points	0.02%	0.11%
Yokogawa Electric Corp	GLOF +0.09 points	0.03%	0.12%
Uss Co Ltd	GLOF +0.08 points	0.02%	0.10%
Banco Bpm Spa	GLOF +0.09 points	0.07%	0.16%
Lundin Gold Inc	GLOF +0.08 points	0.03%	0.11%
Engie SA	GLOF +0.09 points	0.19%	0.28%
Bank Leumi Le-Israel Bm	DFAI +0.09 points	0.15%	0.06%
Jb Hi-Fi Ltd	GLOF +0.08 points	0.02%	0.10%
Banco Bilbao Vizcaya Arge	GLOF +0.08 points	0.23%	0.31%
Chugai Pharmaceutical Co	DFAI +0.08 points	0.10%	0.02%
Bayerische Motoren Werke	GLOF +0.08 points	0.08%	0.16%
Nec Corp	DFAI +0.08 points	0.13%	0.05%
Koninklijke Ahold Delhaiz	GLOF +0.08 points	0.13%	0.21%
Novo Nordisk A/S	DFAI +0.08 points	0.27%	0.19%
Woolworths Group Ltd	DFAI +0.08 points	0.12%	0.04%
Otsuka Holdings Co Ltd	DFAI +0.08 points	0.12%	0.04%
Taisei Corp	GLOF +0.07 points	0.05%	0.12%

All 3,869 DFAI holdings⁠All 654 GLOF 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 GLOF Cost

Overpaying GLOF vs DFAI

$406

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

DFAI 0.18%
$3,749
GLOF 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

DFAI 0.18%
GLOF 0.20%
Overpaying

Year by year

Year	DFAI	GLOF	Overpaying
10	$328	$365	$37
20	$1,281	$1,421	$140
30	$3,749	$4,155	$406

Expense ratio

0.18%DFAI, cheaper
0.20%GLOF

DFAI0.18%GLOF0.20%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

DFAI 3rd cheapest of 30 funds

GLOF 5th cheapest of 30 funds

DFAI vs GLOF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFAI 2.44%, better; GLOF 1.57%
Payout (12M): DFAI $1.01; GLOF $0.93
Last payment: DFAI $0.18; GLOF $0.45
Ex-dividend: DFAI Sep 22, 2026; GLOF Jun 15, 2026
Paid on: DFAI Sep 24, 2026; GLOF Jun 18, 2026
Frequency: DFAI Quarterly; GLOF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

DFAIQuarterly · 24 paymentsAll DFAI payments⁠

GLOFTwice a year · 20 paymentsAll GLOF payments⁠

DFAI vs GLOF Risk

Fall from peak · 5 years

DFAI
GLOF

Risk facts

VolatilityStd dev, 3 years: DFAI 11.6%GLOF 11.4%, better
Return per unit of riskSharpe ratio, 3 years: DFAI 1.33GLOF 1.55, better
Worst fallMax drawdown, 5 years: DFAI −27.4%GLOF −25.1%, better
Market sensitivityBeta, 5 years: DFAI 0.91GLOF 0.91; Market = 1

DFAI and GLOF 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 GLOF

In short

Stated mandate

Why people hold it

Worth knowing

How DFAI and GLOF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in GLOF

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 GLOF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in GLOF

Weight gaps