DFAI vs JPIN: Grades, Fees and Holdings Compared

Dimensional International Core Equity Market ETF

DFAIANYSE Arca

JPMorgan Diversified Return International Equity ETF

JPINCNYSE Arca

Overlap

25.4%by weight

Expense ratio

DFAI −0.19pt a year

DFAI0.18%JPIN0.37%

Avg volume · 30D

DFAI 137.2×the volume

DFAI1.81MJPIN13.2K

5Y return · a year

DFAI +0.8pt

DFAI+9.6%JPIN+8.8%

DFAI vs JPIN Performance

Oct 29, 2021 – Oct 30, 2026

+58.2%DFAI+52.3%JPIN

Expense ratio: DFAI 0.18%, better; JPIN 0.37%
Fund size: DFAI $18.2B; JPIN $385M
1Y total return: DFAI +15.9%, better; JPIN +14.8%
Yield (12M): DFAI 2.44%; JPIN 4.25%, better
Holdings: DFAI 3767; JPIN 465
Avg volume (30D): DFAI 1.81M sh, better; JPIN 13.2K sh
NAV per share: DFAI $41.47; JPIN $74.09
52W range

ETF.net Grade

Pillar letters and Scores for DFAI, JPIN, with each pillar’s weight
Pillar	DFAI	JPIN
Cost30% weight	A91Higher	C40
Mission25% weight	B63	A100Higher
Risk15% weight	C49	C51Higher
Tradability15% weight	A81Higher	D36
Holdings10% weight	A80Higher	A77
Durability5% weight	A71Higher	B64

Rank among International Multifactor funds

How we build Categories ›

Same Category. DFAI and JPIN 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 JPIN 16th 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 14CQINTAmerican Century Quality Diversified International ETFScore 54
Rank 16CJPINJPMorgan Diversified Return International Equity ETFScore 47
Rank 16CMFDXPIMCO RAFI Dynamic Multi-Factor International Equity ETFScore 47

Our read on each fund

ETF.net Research

DFAIADimensional International Core Equity Market ETF

JPINCJPMorgan Diversified Return International 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.

JPIN A deliberate break from the cap-weighted international index: roughly 500 foreign stocks screened on value, quality and momentum, assembled with better risk-adjusted returns as the stated goal. J.P. Morgan has run it since 2014.

Stated mandate

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

JPIN The fund seeks international equity exposure while aiming for better risk-adjusted returns than a market-cap-weighted 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.

JPIN The rules are the whole product: the index screens international stocks on value, quality and momentum, then aims for better risk-adjusted returns than a market-cap-weighted benchmark.jpmorgan.com
About 500 holdings, so no single mega-cap or single country carries the fund the way it can in a cap-weighted foreign index. Pays quarterly.
Trading since 2014, with a record across several full market cycles, and it delivers the exposure its name advertises. Upper half of the international multifactor pack.
At 0.37%, the fee sits about where the typical factor-based international fund sits. No premium for the J.P. Morgan badge.

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.

JPIN Cheaper doors into international factors exist. INTF, FDEV and GSIE all undercut JPIN on expense ratio for a broadly similar job.
Volume is light. Spreads can run wider than at the category's most-traded names, so order size and timing matter more here than with a headline foreign index fund.
Factor tilts guarantee stretches where this looks nothing like a plain cap-weighted international index. That gap is the design, not a malfunction.

Full DFAI profile⁠

Full JPIN profile⁠

DFAI vs JPIN Holdings

How DFAI and JPIN differ

Overlap by weight

25.4%

Shared holdings make up 73.6% of JPIN and 32.2% of DFAI.

Level by level

Holdings321 in both25.4%
Countryby domicile71.1%
Sector11 Sectors75.6%
Asset classEquity100%

Sector

Sector weights in DFAI and JPIN, widest gap first
Sector	More in DFAIMore in JPIN	DFAI	JPIN
Financials	DFAI +15.0 points	24.6%	9.6%
Real Estate	JPIN +7.7 points	1.2%	8.9%
Utilities	JPIN +5.4 points	3.7%	9.1%
Consumer Staples	JPIN +5.3 points	6.2%	11.5%
Technology	DFAI +4.7 points	10.5%	5.8%
Communication	JPIN +4.3 points	3.6%	7.9%
Industrials	DFAI +3.4 points	17.7%	14.3%
Energy	DFAI +0.9 points	7.1%	6.2%
Health Care	JPIN +0.9 points	8.7%	9.6%
Consumer Discretionary	JPIN +0.9 points	7.7%	8.6%
Materials	DFAI +0.4 points	8.9%	8.5%

Country, concentration and asset class

Country by domicile

Country weights in DFAI and JPIN, widest gap first
Country	More in DFAIMore in JPIN	DFAI	JPIN
Canada	DFAI +11.4 points	11.4%	0.0%
United Kingdom	JPIN +10.7 points	11.7%	22.4%
South Korea	JPIN +7.8 points	0.0%	7.8%
Switzerland	DFAI +5.0 points	8.6%	3.6%
Germany	DFAI +4.2 points	7.2%	3.0%
Netherlands	DFAI +2.5 points	4.8%	2.3%
Japan	JPIN +2.1 points	24.3%	26.4%
Hong Kong	JPIN +1.9 points	1.4%	3.3%
Other countries (22)	JPIN +0.4 points	30.7%	31.1%

Outside the US: DFAI 99% developed, 1% emerging. JPIN 91% developed, 9% emerging.

Concentration

Weight in the 10 largest Holdings

DFAI9.8%
JPIN4.7%

Securities held

DFAI3,749
JPIN454

Asset class

DFAI: Equity
JPIN: Equity

Holdings

Only in DFAI3,428
In both321
Only in JPIN133

Only in DFAI

3,428 securities, 67.4% of DFAI by weight

Asml Holding NV1.90%
Novartis AG Adr0.70%
Royal Bank of Canada0.64%
Advantest Corp0.62%
Allianz SE0.61%
Recruit Holdings Co Ltd0.59%
Sap SE0.57%
Sony Group Corp0.57%
Siemens AG0.56%
Toronto-Dominion Bank0.53%
Commonwealth Bank of Aust0.51%
Hitachi Ltd0.45%
Schneider Electric SE0.40%
Canadian Natural Resource0.40%
Banco Santander SA0.39%
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%
Bank of Nova Scotia/The0.35%
Airbus SE0.34%
Abb Ltd0.34%
Royal Bank of Canada0.31%
Fujikura Ltd0.30%
Intesa Sanpaolo Spa0.30%
Aia Group Ltd0.30%
Bnp Paribas SA0.30%
L'oreal SA0.29%
Cie Financiere Richemont0.29%
National Australia Bank L0.29%
Muenchener Rueckversicher0.28%
Ing Groep NV0.28%
Enbridge Inc0.28%
Westpac Banking Corp0.28%
Bayer AG0.28%
Novo Nordisk A/S0.27%
Fast Retailing Co Ltd0.27%
Swiss Re AG0.27%
Anz Group Holdings0.26%
Agnico Eagle Mines Ltd0.26%
Bank of Montreal0.26%
Infineon Technologies AG0.26%
Banco Bilbao Vizcaya Arge0.26%
Deutsche Boerse AG0.26%
Kioxia Holdings Corp0.25%
Compass Group PLC0.24%
Tesco PLC0.23%

Only in JPIN

133 securities, 26.3% of JPIN by weight

KT&G Corp Common Stock0.48%
Intercontinental Hotels0.42%
Coca-Cola Hbc AG Gbp 6.70.41%
Tesco PLC Common Stock0.40%
Kawasaki Kisen Kaisha0.40%
International0.39%
Woori Financial Group0.38%
Samsung Electronics Co0.38%
British Land Co Plc/The0.38%
Hana Financial Group Inc0.38%
Abn Amro Bank NV Dutch0.37%
Orlen SA Common Stock Pln0.36%
Ssab Ab Common Stock Sek0.36%
Sk Hynix Inc Common0.36%
Klepierre SA Reit Eur0.35%
Telefonaktiebolaget Lm0.34%
Experian PLC Common Stock0.34%
Engie SA Common Stock0.33%
Carlsberg As Common Stock0.33%
Skf Ab Common Stock Sek0.33%
Keppel Ltd Common Stock0.32%
Celltrion Inc Common0.32%
Kb Financial Group Inc0.32%
Vicinity Ltd Reit Aud 00.32%
Orange SA Common Stock0.32%
Samyang Foods Co Ltd0.32%
Essity Ab Common Stock0.32%
Dcc Energy PLC Common0.32%
Capitaland Integrated0.31%
TELE2 Ab0.31%
H & M Hennes & Mauritz Ab0.31%
Singapore Airlines Ltd0.31%
Sk Telecom Co Ltd Common0.30%
Hikari Tsushin Inc0.30%
M&G PLC Common Stock Gbp0.29%
Sk Inc Common Stock Krw0.29%
Unibail-Rodamco-Westfield0.29%
Gpt Group/The Reit Aud 00.29%
Hanmi Pharm Co Ltd0.29%
Nippon Yusen Kk Common0.29%
Stockland Reit Aud 00.29%
Heineken Holding NV0.28%
Korea Gas Corp Common0.28%
Korea Electric Power0.28%
Singapore0.27%
Orient Overseas0.27%
Lg Corp Common Stock Krw0.26%
Kia Corp Common Stock0.26%
Wilmar International Ltd0.26%
Mitsubishi Hc Capital0.25%

Weight gaps

The 100 widest of 321 Holdings in both funds.

Holding weights in DFAI and JPIN, widest gap first
Holding	More in DFAIMore in JPIN	DFAI	JPIN
Roche Holding AG	DFAI +0.82 points	1.19%	0.37%
Nestle SA	DFAI +0.76 points	0.87%	0.11%
Shell PLCSHEL.L	DFAI +0.74 points	1.29%	0.55%
Toyota Motor Corp	DFAI +0.63 points	0.63%	<0.01%
Hsbc Holdings PLCHSBA.L	DFAI +0.56 points	0.96%	0.40%
United Utilities Group PlUU.L	JPIN +0.41 points	0.06%	0.47%
Intertek Group PLCITRK.L	JPIN +0.40 points	0.02%	0.42%
Electric Power Developmen	JPIN +0.39 points	0.02%	0.41%
Totalenergies SE	DFAI +0.39 points	0.69%	0.30%
Mitsubishi Ufj Financial	DFAI +0.38 points	0.76%	0.38%
Poste Italiane Spa	JPIN +0.38 points	0.10%	0.48%
Omv AG	JPIN +0.38 points	0.06%	0.44%
Astrazeneca PLCAZN.L	DFAI +0.37 points	0.79%	0.42%
Pearson PLCPSON.L	JPIN +0.37 points	0.04%	0.41%
Smiths Group PLCSMIN.L	JPIN +0.37 points	0.04%	0.41%
Endesa SA	JPIN +0.36 points	0.06%	0.42%
Clp Holdings Ltd	JPIN +0.35 points	0.05%	0.40%
Equinor Asa	JPIN +0.35 points	0.13%	0.48%
Kyuden Holdings Inc	JPIN +0.34 points	0.03%	0.37%
Kingfisher PLCKGF.L	JPIN +0.34 points	0.04%	0.38%
Autotrader Group PLCAUTO.L	JPIN +0.34 points	0.02%	0.36%
Kobe Steel Ltd	JPIN +0.34 points	0.03%	0.37%
J Sainsbury PLCSBRY.L	JPIN +0.34 points	0.04%	0.38%
Ck Infrastructure Holding	JPIN +0.34 points	0.02%	0.36%
Toyo Suisan Kaisha Ltd	JPIN +0.33 points	0.03%	0.36%
Power Assets Holdings Ltd	JPIN +0.31 points	0.04%	0.35%
Endeavour Mining PLCEDV.L	JPIN +0.32 points	0.01%	0.33%
Evonik Industries AG	JPIN +0.31 points	0.03%	0.34%
Origin Energy Ltd	JPIN +0.31 points	0.06%	0.37%
Bp PLCBP.L	DFAI +0.30 points	0.57%	0.27%
AvivaAV.L	JPIN +0.30 points	0.12%	0.42%
Nh Foods Ltd	JPIN +0.30 points	0.02%	0.32%
Italgas Spa	JPIN +0.30 points	0.03%	0.33%
Tokyu Fudosan Holdings Co	JPIN +0.30 points	0.03%	0.33%
Imi PLCIMI.L	JPIN +0.30 points	0.04%	0.34%
Brother Industries Ltd	JPIN +0.29 points	0.04%	0.33%
Otsuka Holdings Co Ltd	JPIN +0.29 points	0.12%	0.41%
Toyo Tire Corp	JPIN +0.29 points	0.02%	0.31%
Ansell Ltd	JPIN +0.29 points	0.02%	0.31%
Logitech International SA	JPIN +0.29 points	0.02%	0.31%
Hulic Co Ltd	JPIN +0.29 points	0.03%	0.32%
Howden Joinery Group PLCHWDN.L	JPIN +0.28 points	0.03%	0.31%
Bunzl PLCBNZL.L	JPIN +0.28 points	0.05%	0.33%
Telenor Asa	JPIN +0.29 points	0.02%	0.31%
Next PLCNXT.L	JPIN +0.28 points	0.11%	0.39%
Telia Co Ab	JPIN +0.29 points	0.05%	0.34%
Idemitsu Kosan Co Ltd	JPIN +0.28 points	0.04%	0.32%
Centrica PLCCNA.L	JPIN +0.28 points	0.04%	0.32%
Japan Tobacco Inc	JPIN +0.28 points	0.16%	0.44%
Shionogi & Co Ltd	JPIN +0.29 points	0.06%	0.35%
Kirin Holdings Co Ltd	JPIN +0.29 points	0.06%	0.34%
Yokohama Rubber Co Ltd/Th	JPIN +0.28 points	0.03%	0.31%
Nomura Real Estate Holdin	JPIN +0.29 points	0.01%	0.30%
Inpex Corp	JPIN +0.28 points	0.11%	0.39%
A2A Spa	JPIN +0.28 points	0.03%	0.31%
Smith & Nephew PLCSN.L	JPIN +0.28 points	0.04%	0.32%
Osaka Gas Co Ltd	JPIN +0.28 points	0.05%	0.33%
Eneos Holdings Inc	JPIN +0.28 points	0.12%	0.40%
Ono Pharmaceutical Co Ltd	JPIN +0.28 points	0.02%	0.30%
Hong Kong & China Gas Co	JPIN +0.28 points	0.04%	0.32%
Marks & Spencer Group PLCMKS.L	JPIN +0.27 points	0.05%	0.32%
Diploma PLCDPLM.L	JPIN +0.28 points	0.04%	0.32%
Naturgy Energy Group SA	JPIN +0.28 points	0.05%	0.33%
Burberry Group PLCBRBY.L	JPIN +0.28 points	0.02%	0.30%
Temenos AG	JPIN +0.27 points	0.02%	0.29%
Sitc International Holdin	JPIN +0.27 points	0.04%	0.31%
Swire Pacific Ltd	JPIN +0.27 points	0.01%	0.28%
Air Liquide SA	DFAI +0.27 points	0.35%	0.08%
Capgemini SE	JPIN +0.26 points	0.07%	0.33%
Ck Asset Holdings Ltd	JPIN +0.27 points	0.04%	0.31%
Sun Hung Kai Properties L	JPIN +0.27 points	0.05%	0.32%
Coles Group Ltd	JPIN +0.26 points	0.09%	0.35%
Associated British FoodsABF.L	JPIN +0.26 points	0.03%	0.29%
Meiji Holdings Co Ltd	JPIN +0.26 points	0.03%	0.29%
Whitehaven Coal Ltd	JPIN +0.26 points	0.02%	0.28%
Ntt Inc	JPIN +0.25 points	0.10%	0.35%
Mitsubishi Estate Co Ltd	JPIN +0.25 points	0.07%	0.32%
Santen Pharmaceutical Co	JPIN +0.25 points	0.02%	0.27%
Daiwa Securities Group In	JPIN +0.25 points	0.07%	0.32%
Mitsubishi Chem Grp Corp	JPIN +0.25 points	0.05%	0.30%
Tokyo Gas Co Ltd	JPIN +0.25 points	0.05%	0.30%
Informa PLCINF.L	JPIN +0.24 points	0.06%	0.30%
Swiss Prime Site AG	JPIN +0.24 points	0.06%	0.30%
Comsys Holdings Corp	JPIN +0.25 points	0.02%	0.27%
Daito Trust Construction	JPIN +0.25 points	0.03%	0.28%
Fresnillo PLCFRES.L	JPIN +0.25 points	0.03%	0.28%
Yara International Asa	JPIN +0.24 points	0.03%	0.27%
Niterra Co Ltd	JPIN +0.24 points	0.04%	0.28%
Marubeni Corp	JPIN +0.24 points	0.11%	0.35%
Takeda Pharmaceutical Co	JPIN +0.25 points	0.22%	0.47%
Cosmo Energy Holdings Co	JPIN +0.25 points	0.01%	0.26%
Nitto Denko Corp	JPIN +0.24 points	0.08%	0.32%
Sky Perfect Jsat Corp	JPIN +0.24 points	<0.01%	0.25%
Kansai Electric Power Co	JPIN +0.24 points	0.08%	0.32%
Telstra Corp Ltd	JPIN +0.24 points	0.05%	0.29%
Mowi Asa	JPIN +0.24 points	0.03%	0.27%
Deutsche Telekom AG	DFAI +0.24 points	0.41%	0.17%
The Sage Group PLCSGE.L	JPIN +0.24 points	0.06%	0.30%
Canon Marketing Japan Inc	JPIN +0.24 points	0.01%	0.25%
Jd Sports FashionJD.L	JPIN +0.23 points	<0.01%	0.24%

All 3,869 DFAI holdings⁠All 456 JPIN 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 JPIN Cost

Overpaying JPIN vs DFAI

$3,764

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

DFAI 0.18%
$3,749
JPIN 0.37%
$7,513

Amount$10,000

Years30 years

Cost over time

DFAI 0.18%
JPIN 0.37%
Overpaying

Year by year

Year	DFAI	JPIN	Overpaying
10	$328	$670	$342
20	$1,281	$2,590	$1,309
30	$3,749	$7,513	$3,764

Expense ratio

0.18%DFAI, cheaper
0.37%JPIN

DFAI0.18%JPIN0.37%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

DFAI 3rd cheapest of 30 funds

JPIN 18th cheapest of 30 funds

DFAI vs JPIN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFAI 2.44%; JPIN 4.25%, better
Payout (12M): DFAI $1.01; JPIN $3.14
Last payment: DFAI $0.18; JPIN $0.51
Ex-dividend: DFAI Sep 22, 2026; JPIN Sep 22, 2026
Paid on: DFAI Sep 24, 2026; JPIN Sep 24, 2026
Frequency: DFAI Quarterly; JPIN Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFAIQuarterly · 24 paymentsAll DFAI payments⁠

JPINQuarterly · 37 paymentsAll JPIN payments⁠

DFAI vs JPIN Risk

Fall from peak · 5 years

DFAI
JPIN

Risk facts

VolatilityStd dev, 3 years: DFAI 11.6%, betterJPIN 11.9%
Return per unit of riskSharpe ratio, 3 years: DFAI 1.33, betterJPIN 1.21
Worst fallMax drawdown, 5 years: DFAI −27.4%, betterJPIN −27.7%
Market sensitivityBeta, 5 years: DFAI 0.91JPIN 0.84; Market = 1

DFAI and JPIN 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 JPIN

In short

Stated mandate

Why people hold it

Worth knowing

How DFAI and JPIN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in JPIN

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 JPIN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in JPIN

Weight gaps