DFAI vs UIVM: Grades, Fees and Holdings Compared

Dimensional International Core Equity Market ETF

DFAIANYSE Arca

VictoryShares International Value Momentum ETF

UIVMCNasdaq

Overlap

14.7%by weight

Expense ratio

DFAI −0.17pt a year

DFAI0.18%UIVM0.35%

Avg volume · 30D

DFAI 409.9×the volume

DFAI1.81MUIVM4.43K

5Y return · a year

UIVM +3.2pt

DFAI+9.6%UIVM+12.8%

DFAI vs UIVM Performance

Oct 29, 2021 – Oct 30, 2026

+58.2%DFAI+82.3%UIVM

Expense ratio: DFAI 0.18%, better; UIVM 0.35%
Fund size: DFAI $18.2B; UIVM $330M
1Y total return: DFAI +15.9%; UIVM +25.0%, better
Yield (12M): DFAI 2.44%; UIVM 4.30%, better
Holdings: DFAI 3767; UIVM 200
Avg volume (30D): DFAI 1.81M sh, better; UIVM 4.43K sh
NAV per share: DFAI $41.47; UIVM $73.23
52W range

ETF.net Grade

Pillar letters and Scores for DFAI, UIVM, with each pillar’s weight
Pillar	DFAI	UIVM
Cost30% weight	A91Higher	C45
Mission25% weight	B63	Not scored
Risk15% weight	C49	B65Higher
Tradability15% weight	A81Higher	F19
Holdings10% weight	A80Higher	A70
Durability5% weight	A71Higher	C49

Rank among International Multifactor funds

How we build Categories ›

Same Category. DFAI and UIVM 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 UIVM 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 16CMFDXPIMCO RAFI Dynamic Multi-Factor International Equity ETFScore 47
Rank 16CUIVMVictoryShares International Value Momentum ETFScore 47
Rank 19CIMFLInvesco International Developed Dynamic Multifactor ETFScore 46

Our read on each fund

ETF.net Research

DFAIADimensional International Core Equity Market ETF

UIVMCVictoryShares International Value Momentum 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.

UIVM Two screens that rarely agree, value and momentum, pointed at developed markets outside the US. Victory has run this rules-based blend since 2017, holding roughly 190 names instead of picking a side.

Stated mandate

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

UIVM The fund seeks international equity exposure through a rules-based index emphasizing securities with higher value and momentum characteristics within the MSCI World ex USA universe.

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.

UIVM Buys the cheap and the strong at once: the index ranks developed ex-US stocks on both value and momentum, so neither screen runs the portfolio alone.
Roughly 190 stocks drawn from the MSCI World ex USA universe, spread across developed markets outside the United States.
Live since 2017 with a real asset base behind it, not a launch-week experiment fishing for its first shareholders.

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.

UIVM The 0.39% fee sits near the middle of the international multifactor pack, and the cheapest rivals undercut it hard: INTF at 0.16%, FDEV at 0.18%, GSIE at 0.25%.
Thinly traded for its category, so spreads and limit orders matter more here than with the group's giants.
Payouts land on an irregular schedule rather than a fixed quarterly rhythm, which complicates income planning.

Full DFAI profile⁠

Full UIVM profile⁠

DFAI vs UIVM Holdings

How DFAI and UIVM differ

Overlap by weight

14.7%

Shared holdings make up 76.4% of UIVM and 15.3% of DFAI.

Level by level

Holdings138 in both14.7%
Countryby domicile74.6%
Sector11 Sectors87.2%
Asset classEquity100%

Sector

Sector weights in DFAI and UIVM, widest gap first
Sector	More in DFAIMore in UIVM	DFAI	UIVM
Technology	DFAI +6.3 points	10.5%	4.2%
Industrials	UIVM +3.9 points	17.7%	21.6%
Materials	DFAI +3.9 points	8.9%	5.0%
Real Estate	UIVM +3.5 points	1.2%	4.7%
Consumer Staples	UIVM +1.7 points	6.2%	7.9%
Utilities	UIVM +1.6 points	3.7%	5.3%
Health Care	DFAI +1.3 points	8.7%	7.4%
Communication	UIVM +1.4 points	3.6%	5.0%
Energy	DFAI +0.9 points	7.1%	6.2%
Consumer Discretionary	UIVM +0.8 points	7.7%	8.5%
Financials	DFAI +0.3 points	24.6%	24.3%

Country, concentration and asset class

Country by domicile

Country weights in DFAI and UIVM, widest gap first
Country	More in DFAIMore in UIVM	DFAI	UIVM
South Korea	UIVM +7.0 points	0.0%	7.0%
Switzerland	DFAI +6.8 points	8.6%	1.8%
Australia	DFAI +5.5 points	6.0%	0.5%
China	UIVM +5.2 points	0.2%	5.4%
United Kingdom	DFAI +5.2 points	11.7%	6.5%
France	UIVM +2.9 points	6.4%	9.3%
Hong Kong	UIVM +2.6 points	1.4%	4.0%
Singapore	UIVM +2.6 points	1.4%	4.0%
Other countries (21)	DFAI +3.0 points	64.4%	61.4%

Outside the US: DFAI 99% developed, 1% emerging. UIVM 86% developed, 14% emerging.

Concentration

Weight in the 10 largest Holdings

DFAI9.8%
UIVM9.4%

Securities held

DFAI3,749
UIVM196

Asset class

DFAI: Equity
UIVM: Equity

Holdings

Only in DFAI3,611
In both138
Only in UIVM58

Only in DFAI

3,611 securities, 84.5% of DFAI by weight

Asml Holding NV1.90%
Shell PLC1.29%
Roche Holding AG1.19%
Nestle SA0.87%
Astrazeneca PLC0.79%
Mitsubishi Ufj Financial0.76%
Novartis AG Adr0.70%
Toyota Motor Corp0.63%
Advantest Corp0.62%
Allianz SE0.61%
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%
Deutsche Telekom AG0.41%
Asml Holding NV0.41%
Schneider Electric SE0.40%
Unicredit Spa0.40%
Canadian Natural Resource0.40%
Unilever PLC0.39%
Banco Santander SA0.39%
Sumitomo Mitsui Financial0.38%
Iberdrola SA0.38%
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%
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%

Only in UIVM

58 securities, 23.6% of UIVM by weight

Investor Ab0.94%
Klepierre SA0.83%
Lundbergs Ab-B Shs0.81%
Power Corp of Canada0.81%
Heineken Holding NV0.79%
Unibail-Rodamco-Westfield0.74%
Industrivarden Ab0.73%
Exor NV0.70%
China Resources Power Hdg0.70%
Mitsubishi Hc Capital Inc0.69%
Hellenic Telecommunicatio0.68%
Nippon Yusen Kk0.63%
Tenaris SA0.59%
Igm Financial Inc0.58%
KT&G Corp0.57%
Zto Express Cayman Inc0.57%
Kawasaki Kisen Kaisha Ltd0.52%
Orient Overseas Internati0.50%
Industrial Bank of Korea0.47%
China Overseas Land & Inv0.47%
China Resources Land Ltd0.46%
Glencore PLC0.44%
Jd.com Inc0.42%
Kyocera Corp0.41%
Bollore SE0.41%
Kt Corp0.41%
Hmm Co Ltd0.40%
International Consolidate0.40%
Woori Financial Group Inc0.39%
Kb Financial Gro0.35%
Hana Financial Group Inc0.35%
Shinhan Financia0.34%
Jd Logistics Inc0.33%
Geely Automobile Holdings0.31%
China Taiping Ins Hldings0.31%
Arcelormittal0.29%
Baidu Inc0.27%
Korea Electric Power Corp0.26%
Kuaishou Technology0.24%
Hyundai Glovis0.24%
Posco Holdings Inc0.24%
Naver Corp0.22%
Sk Telecom Co Ltd0.21%
Lg Chem Ltd0.21%
Kia Corp0.19%
Lg Corp0.19%
Hd Korea Shipbuilding & O0.19%
Samsung Life Ins0.19%
Samsung Electronics Co.0.18%
Sk Square Co Ltd0.18%

Weight gaps

The 100 widest of 138 Holdings in both funds.

Holding weights in DFAI and UIVM, widest gap first
Holding	More in DFAIMore in UIVM	DFAI	UIVM
Great-West Lifeco Inc	UIVM +0.90 points	0.05%	0.95%
Toronto-Dominion Bank/The	UIVM +0.84 points	0.15%	0.99%
Singapore Airlines Ltd	UIVM +0.83 points	0.05%	0.88%
Bank of Nova Scotia/The	UIVM +0.83 points	0.06%	0.89%
Nn Group NV	UIVM +0.83 points	0.13%	0.96%
Altagas Ltd	UIVM +0.81 points	0.06%	0.87%
J Sainsbury PLCSBRY.L	UIVM +0.77 points	0.04%	0.81%
Mtr Corp Ltd	UIVM +0.76 points	0.02%	0.78%
Jyske Bank A/S	UIVM +0.74 points	0.03%	0.77%
Swedbank Ab	UIVM +0.74 points	0.11%	0.85%
Bunzl PLCBNZL.L	UIVM +0.72 points	0.05%	0.77%
Henkel AG & Co Kgaa	UIVM +0.71 points	0.07%	0.78%
Canadian National Railway	UIVM +0.71 points	0.03%	0.74%
Endesa SA	UIVM +0.70 points	0.06%	0.76%
Swire Pacific Ltd	UIVM +0.66 points	0.01%	0.67%
Verbund AG	UIVM +0.65 points	0.02%	0.67%
Novartis AG	UIVM +0.63 points	0.28%	0.91%
Osaka Gas Co Ltd	UIVM +0.63 points	0.05%	0.68%
Omv AG	UIVM +0.63 points	0.06%	0.69%
Suncor Energy Inc	UIVM +0.62 points	0.06%	0.68%
Ackermans & Van Haaren NV	UIVM +0.62 points	0.03%	0.65%
Pearson PLCPSON.L	UIVM +0.61 points	0.04%	0.65%
Ana Holdings Inc	UIVM +0.62 points	0.01%	0.63%
Dbs Group Holdings Ltd	UIVM +0.61 points	0.38%	0.99%
Ck Asset Holdings Ltd	UIVM +0.61 points	0.04%	0.65%
National Bank of Canada	UIVM +0.60 points	0.20%	0.80%
Canadian Imperial Bank of	UIVM +0.60 points	0.21%	0.81%
Takeda Pharmaceutical Co	UIVM +0.60 points	0.22%	0.82%
Japan Tobacco Inc	UIVM +0.59 points	0.16%	0.75%
Boc Hong Kong Holdings Lt	UIVM +0.59 points	0.08%	0.67%
Evonik Industries AG	UIVM +0.58 points	0.03%	0.61%
Koninklijke Ahold Delhaiz	UIVM +0.58 points	0.13%	0.71%
Swedish Orphan Biovitrum	UIVM +0.58 points	0.04%	0.62%
Fresenius SE & Co Kgaa	UIVM +0.57 points	0.09%	0.66%
Bouygues SA	UIVM +0.56 points	0.07%	0.63%
Bank of Montreal	UIVM +0.56 points	0.26%	0.82%
Henderson Land Developmen	UIVM +0.55 points	0.02%	0.57%
Oversea-Chinese Banking C	UIVM +0.55 points	0.23%	0.78%
Merck Kgaa	UIVM +0.55 points	0.06%	0.61%
Shionogi & Co Ltd	UIVM +0.54 points	0.06%	0.60%
Bt Group PLC	UIVM +0.53 points	0.11%	0.64%
Kirin Holdings Co Ltd	UIVM +0.54 points	0.06%	0.60%
Unicaja Banco SA	UIVM +0.53 points	0.02%	0.55%
Bridgestone Corp	UIVM +0.53 points	0.12%	0.65%
Michelin	UIVM +0.53 points	0.11%	0.64%
Eiffage SA	UIVM +0.53 points	0.05%	0.58%
Central Japan Railway Co	UIVM +0.52 points	0.07%	0.59%
East Japan Railway Co	UIVM +0.52 points	0.09%	0.61%
Fresenius Medical Care AG	UIVM +0.51 points	0.04%	0.55%
Mitsui Osk Lines Ltd	UIVM +0.51 points	0.03%	0.54%
Cgi Inc	UIVM +0.50 points	<0.01%	0.51%
Nippon Steel Corp	UIVM +0.50 points	0.10%	0.60%
Idemitsu Kosan Co Ltd	UIVM +0.50 points	0.04%	0.54%
Credit Agricole SA	UIVM +0.50 points	0.06%	0.56%
Wilmar International Ltd	UIVM +0.49 points	0.02%	0.51%
Carrefour SA	UIVM +0.49 points	0.05%	0.54%
Ck Hutchison Holdings Ltd	UIVM +0.49 points	0.06%	0.55%
Hsbc Holdings PLCHSBA.L	DFAI +0.48 points	0.96%	0.48%
Rexel SA	UIVM +0.47 points	0.04%	0.51%
Aib Group PLC	UIVM +0.47 points	0.12%	0.59%
Sitc International Holdin	UIVM +0.46 points	0.04%	0.50%
Japan Post Insurance Co L	UIVM +0.46 points	0.02%	0.48%
Japan Post Holdings Co Lt	UIVM +0.45 points	0.08%	0.53%
Hongkong Land Holdings Lt	UIVM +0.45 points	0.04%	0.49%
Ipsen SA	UIVM +0.45 points	0.03%	0.48%
Engie SA	UIVM +0.45 points	0.19%	0.64%
Wh Group Ltd	UIVM +0.45 points	0.04%	0.49%
Rogers Communications Inc	UIVM +0.45 points	0.04%	0.49%
Bayerische Motoren Werke	UIVM +0.44 points	0.08%	0.52%
Honda Motor Co Ltd	UIVM +0.44 points	0.09%	0.53%
Subaru Corp	UIVM +0.44 points	0.04%	0.48%
Astellas Pharma Inc	UIVM +0.44 points	0.13%	0.57%
Ly Corp	UIVM +0.43 points	0.04%	0.47%
Mercedes-Benz Group AG	UIVM +0.43 points	0.13%	0.56%
Rwe AG	UIVM +0.42 points	0.17%	0.59%
Sun Hung Kai Properties L	UIVM +0.42 points	0.05%	0.47%
Anheuser-Busch Inbev Sa/N	UIVM +0.42 points	0.24%	0.66%
Abn Amro Bank NV	UIVM +0.42 points	0.12%	0.54%
Kansai Electric Power Co	UIVM +0.41 points	0.08%	0.49%
Orange SA	UIVM +0.42 points	0.17%	0.59%
Obayashi Corp	UIVM +0.41 points	0.05%	0.46%
Teva Pharmaceutical Indus	UIVM +0.41 points	0.07%	0.48%
Continental AG	UIVM +0.41 points	0.04%	0.45%
Vodafone Group PLCVOD.L	UIVM +0.40 points	0.14%	0.54%
Royal Bank of Canada	UIVM +0.41 points	0.64%	1.05%
Swatch Group Ag/The	UIVM +0.40 points	0.03%	0.43%
Fujifilm Holdings Corp	UIVM +0.40 points	0.10%	0.50%
Volkswagen AG	UIVM +0.40 points	0.07%	0.47%
Chubu Electric Power Co I	UIVM +0.39 points	0.05%	0.44%
Capgemini SE	UIVM +0.39 points	0.07%	0.46%
Dhl AG	UIVM +0.39 points	0.24%	0.63%
Yangzijiang Shipbuilding	UIVM +0.39 points	0.04%	0.43%
Otsuka Holdings Co Ltd	UIVM +0.38 points	0.12%	0.50%
Asahi Kasei Corp	UIVM +0.38 points	0.08%	0.46%
Isuzu Motors Ltd	UIVM +0.38 points	0.04%	0.42%
Eni Spa	UIVM +0.38 points	0.23%	0.61%
Eneos Holdings Inc	UIVM +0.37 points	0.12%	0.49%
Aisin Corp	UIVM +0.37 points	0.03%	0.40%
Magna International Inc	UIVM +0.37 points	0.04%	0.41%
Ssab Ab	UIVM +0.37 points	0.03%	0.40%

All 3,869 DFAI holdings⁠All 191 UIVM 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 UIVM Cost

Overpaying UIVM vs DFAI

$3,377

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

DFAI 0.18%
$3,749
UIVM 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

DFAI 0.18%
UIVM 0.35%
Overpaying

Year by year

Year	DFAI	UIVM	Overpaying
10	$328	$634	$306
20	$1,281	$2,454	$1,173
30	$3,749	$7,126	$3,377

Expense ratio

0.18%DFAI, cheaper
0.35%UIVM

DFAI0.18%UIVM0.35%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

DFAI 3rd cheapest of 30 funds

UIVM 17th cheapest of 30 funds

DFAI vs UIVM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFAI 2.44%; UIVM 4.30%, better
Payout (12M): DFAI $1.01; UIVM $3.15
Last payment: DFAI $0.18; UIVM $0.28
Ex-dividend: DFAI Sep 22, 2026; UIVM Oct 8, 2026
Paid on: DFAI Sep 24, 2026; UIVM Oct 9, 2026
Frequency: DFAI Quarterly; UIVM Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DFAIQuarterly · 15 paymentsAll DFAI payments⁠

UIVMMonthly · 43 paymentsAll UIVM payments⁠

DFAI vs UIVM Risk

Fall from peak · 5 years

DFAI
UIVM

Risk facts

VolatilityStd dev, 3 years: DFAI 11.6%, betterUIVM 12.7%
Return per unit of riskSharpe ratio, 3 years: DFAI 1.33UIVM 1.61, better
Worst fallMax drawdown, 5 years: DFAI −27.4%, betterUIVM −27.9%
Market sensitivityBeta, 5 years: DFAI 0.91UIVM 0.91; Market = 1

DFAI and UIVM 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 UIVM

In short

Stated mandate

Why people hold it

Worth knowing

How DFAI and UIVM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in UIVM

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 UIVM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAI

Only in UIVM

Weight gaps