DFAI vs OEFA: Grades, Fees and Holdings Compared

Dimensional International Core Equity Market ETF

DFAIANYSE Arca

ALPS O'Shares International Developed Quality Dividend ETF

OEFADNYSE Arca

Overlap

14.5%by weight

Expense ratio

DFAI −0.30pt a year

DFAI0.18%OEFA0.48%

Avg volume · 30D

DFAI 949.7×the volume

DFAI1.81MOEFA1.91K

5Y return · a year

DFAI +2.1pt

DFAI+9.5%OEFA+7.4%

DFAI vs OEFA Performance

Nov 2, 2021 – Nov 2, 2026

+57.8%DFAI+42.6%OEFA

Expense ratio: DFAI 0.18%, better; OEFA 0.48%
Fund size: DFAI $18.2B; OEFA $35M
1Y total return: DFAI +16.3%, better; OEFA +10.4%
Yield (12M): DFAI 2.44%, better; OEFA 1.59%
Holdings: DFAI 3761; OEFA 51
Avg volume (30D): DFAI 1.81M sh, better; OEFA 1.91K sh
NAV per share: DFAI $41.49; OEFA $35.84
52W range

ETF.net Grade

Pillar letters and Scores for DFAI, OEFA, with each pillar’s weight
Pillar	DFAI	OEFA
Cost30% weight	A91Higher	F21
Mission25% weight	B63	A92Higher
Risk15% weight	C50Higher	F24
Tradability15% weight	A81Higher	C44
Holdings10% weight	A80Higher	D25
Durability5% weight	A71Higher	D30

Rank among International Multifactor funds

How we build Categories ›

Same Category. DFAI and OEFA 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 OEFA 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 27DFEUZFirst Trust Eurozone AlphaDEX ETFScore 27
Rank 27DOEFAALPS O'Shares International Developed Quality Dividend ETFScore 27
Rank 29FPIELPacer International Export Leaders ETFScore 15

Our read on each fund

ETF.net Research

DFAIADimensional International Core Equity Market ETF

OEFADALPS O'Shares International Developed Quality Dividend 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.

OEFA A tight, opinionated take on foreign dividends: roughly 50 developed-market large and mid caps that clear a quality screen first, income second. Running since 2015, and it sticks closely to the index on the label.

Stated mandate

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

OEFA OEFA seeks to track the O'Shares International Developed Quality Dividend Index, providing access to high-quality, dividend-paying large- and mid-cap companies in developed ex-US markets.

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.

OEFA Roughly 50 names, not hundreds. A quality screen does the filtering, then dividend-paying large and mid caps from developed markets outside the US fill the book.
Sticks closely to the O'Shares International Developed Quality Dividend Index it advertises, so the name on the tin matches what is actually inside.
Trading since 2015, with a real record through several market moods, 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.

OEFA At 0.48% a year it costs more than the typical international multifactor fund (0.38% median), and well above cheap peers like INTF at 0.16% or GSIE at 0.25%.
A small fund that trades thinly, so bid-ask spreads and order size matter more here than with the category's giants.
Roughly 50 stocks cuts both ways: individual names, sectors and currencies move this portfolio more than they would a broad developed-markets index.

Full DFAI profile⁠

Full OEFA profile⁠

DFAI vs OEFA Holdings

How DFAI and OEFA differ

Overlap by weight

14.5%

Shared holdings make up 96.1% of OEFA and 14.5% of DFAI.

Level by level

Holdings48 in both14.5%
Sector11 Sectors69.9%
Countryby domicile74.9%
Asset classEquity100%

Sector

Sector weights in DFAI and OEFA, widest gap first
Sector	More in DFAIMore in OEFA	DFAI	OEFA
Health Care	OEFA +10.1 points	8.7%	18.8%
Financials	DFAI +10.1 points	24.6%	14.5%
Materials	DFAI +8.9 points	8.9%	0.0%
Consumer Staples	OEFA +8.4 points	6.2%	14.6%
Energy	DFAI +7.1 points	7.1%	0.0%
Consumer Discretionary	OEFA +6.2 points	7.7%	13.9%
Industrials	OEFA +3.4 points	17.7%	21.1%
Technology	OEFA +2.1 points	10.5%	12.6%
Communication	DFAI +1.8 points	3.6%	1.8%
Real Estate	DFAI +1.2 points	1.2%	0.0%
Utilities	DFAI +1.0 points	3.7%	2.7%

Country, concentration and asset class

Country by domicile

Country weights in DFAI and OEFA, widest gap first
Country	More in DFAIMore in OEFA	DFAI	OEFA
Japan	DFAI +10.5 points	24.3%	13.8%
Canada	OEFA +9.3 points	11.4%	20.7%
Australia	DFAI +3.8 points	6.0%	2.2%
United Kingdom	OEFA +3.2 points	11.7%	14.9%
France	OEFA +2.9 points	6.4%	9.3%
Italy	DFAI +2.8 points	2.8%	0.0%
Spain	OEFA +2.1 points	3.0%	5.1%
Netherlands	OEFA +1.9 points	4.8%	6.7%
Other countries (19)	DFAI +2.5 points	29.7%	27.2%

Outside the US: DFAI 99% developed, 1% emerging. OEFA 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

DFAI9.8%
OEFA30.1%

Securities held

DFAI3,743
OEFA50

Asset class

DFAI: Equity
OEFA: Equity

Holdings

Only in DFAI3,695
In both48
Only in OEFA2

Only in DFAI

3,695 securities, 85.2% of DFAI by weight

Asml Holding NV1.78%
Shell PLC1.30%
Mitsubishi Ufj Financial0.77%
Novartis AG Adr0.70%
Totalenergies SE0.70%
Toyota Motor Corp0.63%
Recruit Holdings Co Ltd0.60%
Advantest Corp0.59%
Bhp Group Ltd0.58%
Bp PLC0.58%
Sony Group Corp0.58%
Toronto-Dominion Bank0.52%
Commonwealth Bank of Aust0.52%
Tokyo Electron Ltd0.49%
Rolls-Royce Holdings PLC0.47%
Hitachi Ltd0.46%
Deutsche Telekom AG0.42%
Canadian Natural Resource0.41%
Unicredit Spa0.40%
Sumitomo Mitsui Financial0.38%
Suncor Energy Inc.0.38%
Banco Santander SA0.38%
Tokio Marine Holdings Inc0.37%
Zurich Insurance Group AG0.36%
Air Liquide SA0.36%
Mizuho Financial Group In0.35%
British American Tobacco0.35%
Bank of Nova Scotia/The0.34%
Siemens Energy AG0.33%
Barclays PLC0.32%
Aia Group Ltd0.32%
Royal Bank of Canada0.31%
Enel Spa0.30%
Intesa Sanpaolo Spa0.30%
Cie Financiere Richemont0.29%
Bayer AG0.29%
Bnp Paribas SA0.29%
Muenchener Rueckversicher0.29%
National Australia Bank L0.29%
Sanofi0.29%
Enbridge Inc0.28%
Fujikura Ltd0.28%
Ing Groep NV0.28%
Novo Nordisk A/S0.28%
Westpac Banking Corp0.28%
Swiss Re AG0.27%
Rio Tinto PLC0.27%
Anz Group Holdings0.27%
Deutsche Boerse AG0.26%
Bank of Montreal0.25%

Only in OEFA

2 securities, 2.9% of OEFA by weight

Investor AB2.41%
Industrivarden AB0.52%

Weight gaps

All 48 Holdings in both funds, largest gap first.

Holding weights in DFAI and OEFA, widest gap first
Holding	More in DFAIMore in OEFA	DFAI	OEFA
Asml Holding NV	OEFA +3.64 points	0.39%	4.03%
Novartis AG	OEFA +3.06 points	0.29%	3.35%
Sap SE	OEFA +2.55 points	0.58%	3.13%
Astrazeneca PLCAZN.L	OEFA +2.47 points	0.85%	3.32%
Royal Bank of Canada	OEFA +2.32 points	0.64%	2.96%
Relx PLCREL.L	OEFA +2.32 points	0.22%	2.54%
Cgi Inc	OEFA +2.29 points	<0.01%	2.30%
L'oreal SA	OEFA +2.28 points	0.30%	2.58%
Iberdrola SA	OEFA +2.28 points	0.38%	2.66%
Waste Connections IncWCN	OEFA +2.27 points	0.13%	2.40%
Canadian National Railway	OEFA +2.22 points	0.03%	2.25%
Fast Retailing Co Ltd	OEFA +2.19 points	0.27%	2.46%
Astellas Pharma Inc	OEFA +2.15 points	0.14%	2.29%
Hoya Corp	OEFA +2.13 points	0.20%	2.33%
Japan Tobacco Inc	OEFA +2.10 points	0.16%	2.26%
Keyence Corp	OEFA +2.10 points	0.17%	2.27%
Canadian Pacific Kansas CCP	OEFA +2.09 points	0.16%	2.25%
Ferrari NV	OEFA +2.06 points	0.01%	2.07%
Wesfarmers Ltd	OEFA +2.00 points	0.21%	2.21%
Dollarama Inc	OEFA +1.99 points	0.18%	2.17%
Otsuka Holdings Co Ltd	OEFA +1.99 points	0.11%	2.10%
Airbus SE	OEFA +1.96 points	0.34%	2.30%
Abb Ltd	OEFA +1.90 points	0.33%	2.23%
Intact Financial Corp	OEFA +1.88 points	0.16%	2.04%
Roche Holding AG	OEFA +1.81 points	1.21%	3.02%
Singapore Telecommunicati	OEFA +1.77 points	0.07%	1.84%
Unilever PLCULVR.L	OEFA +1.76 points	0.40%	2.16%
Schneider Electric SE	OEFA +1.71 points	0.39%	2.10%
Industria De Diseno Texti	OEFA +1.70 points	0.22%	1.92%
Safran SA	OEFA +1.63 points	0.36%	1.99%
Hermes International	OEFA +1.58 points	0.12%	1.70%
Toronto-Dominion Bank/The	OEFA +1.47 points	0.15%	1.62%
Allianz SE	OEFA +1.44 points	0.62%	2.06%
Alimentation Couche	OEFA +1.44 points	0.16%	1.60%
Reckitt Benckiser Group PRKT.L	OEFA +1.41 points	0.18%	1.59%
Hsbc Holdings PLCHSBA.L	OEFA +1.14 points	0.95%	2.09%
Anheuser-Busch Inbev Sa/N	OEFA +1.05 points	0.25%	1.30%
Siemens AG	OEFA +1.05 points	0.55%	1.60%
Gsk PLCGSK.L	OEFA +1.01 points	0.36%	1.37%
Haleon PLCHLN.L	OEFA +0.93 points	0.14%	1.07%
Next PLCNXT.L	OEFA +0.87 points	0.11%	0.98%
Nestle SA	OEFA +0.81 points	0.90%	1.71%
Loblaw Cos Ltd	OEFA +0.73 points	0.10%	0.83%
Lvmh Moet Hennessy Louis	OEFA +0.65 points	0.19%	0.84%
Atlas	OEFA +0.49 points	0.19%	0.68%
Amadeus It Group SA	OEFA +0.42 points	0.09%	0.51%
Assa Abloy Ab	OEFA +0.32 points	0.11%	0.43%
Dbs Group Holdings Ltd	OEFA +0.19 points	0.38%	0.57%

All 3,869 DFAI holdings⁠All 51 OEFA 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 OEFA Cost

Overpaying OEFA vs DFAI

$5,856

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

DFAI 0.18%
$3,749
OEFA 0.48%
$9,605

Amount$10,000

Years30 years

Cost over time

DFAI 0.18%
OEFA 0.48%
Overpaying

Year by year

Year	DFAI	OEFA	Overpaying
10	$328	$865	$537
20	$1,281	$3,328	$2,047
30	$3,749	$9,605	$5,856

Expense ratio

0.18%DFAI, cheaper
0.48%OEFA

DFAI0.18%OEFA0.48%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

DFAI 3rd cheapest of 30 funds

OEFA 24th cheapest of 30 funds

DFAI vs OEFA Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DFAI 2.44%, better; OEFA 1.59%
Payout (12M): DFAI $1.01; OEFA $0.57
Last payment: DFAI $0.18; OEFA $0.08
Ex-dividend: DFAI Sep 22, 2026; OEFA Sep 17, 2026
Paid on: DFAI Sep 24, 2026; OEFA Sep 22, 2026
Frequency: DFAI Quarterly; OEFA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFAIQuarterly · 24 paymentsAll DFAI payments⁠

OEFAQuarterly · 86 paymentsAll OEFA payments⁠

DFAI vs OEFA Risk

Fall from peak · 5 years

DFAI
OEFA

Risk facts

VolatilityStd dev, 3 years: DFAI 11.6%, betterOEFA 13.8%
Return per unit of riskSharpe ratio, 3 years: DFAI 1.33, betterOEFA 0.84
Worst fallMax drawdown, 5 years: DFAI −27.4%, betterOEFA −32.5%
Market sensitivityBeta, 5 years: DFAI 0.91OEFA 0.94; Market = 1

DFAI and OEFA 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 OEFA

In short

Stated mandate

Why people hold it

Worth knowing

How DFAI and OEFA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in OEFA

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 OEFA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in OEFA

Weight gaps