DFAX vs GXUS: Grades, Fees and Holdings Compared

Dimensional World ex U.S. Core Equity 2 ETF

DFAXBNYSE Arca

Goldman Sachs MarketBeta Total International Equity ETF

GXUSBNYSE Arca

Overlap

48.3%by weight

Expense ratio

GXUS −0.10pt a year

DFAX0.28%GXUS0.18%

Avg volume · 30D

DFAX 297.4×the volume

DFAX721KGXUS2.42K

3Y return · a year

DFAX +1.4pt

DFAX+21.5%GXUS+20.1%

DFAX vs GXUS Performance

Oct 31, 2025 – Oct 30, 2026

+15.7%DFAX+14.2%GXUS

Expense ratio: DFAX 0.28%; GXUS 0.18%, better
Fund size: DFAX $12.1B; GXUS $620M
1Y total return: DFAX +15.7%, better; GXUS +14.2%
Yield (12M): DFAX 2.50%; GXUS 2.64%, better
Holdings: DFAX 10528; GXUS 2593
Avg volume (30D): DFAX 721K sh, better; GXUS 2.42K sh
NAV per share: DFAX $35.90; GXUS $61.31
52W range

ETF.net Grade

Pillar letters and Scores for DFAX, GXUS, with each pillar’s weight
Pillar	DFAX	GXUS
Cost30% weight	C45	B57Higher
Mission25% weight	A100	A100
Risk15% weight	C53	C53
Tradability15% weight	C50Higher	F8
Holdings10% weight	A85Higher	B60
Durability5% weight	C51Higher	F22

Rank among Total International Market funds

How we build Categories ›

Same Category. DFAX and GXUS are both graded against the same 8 Total International Market funds, so their Grades compare head to head.

Total International Market⁠

Category · 8 funds

See all 8 ›

DFAX ranks 4th and GXUS 5th of 8 funds in the Total International Market Category.

Rank 1AVXUSVanguard Total International Stock ETFScore 80
Rank 2AVEUVanguard FTSE All-World ex-US ETFScore 79
Rank 3AIXUSiShares Core MSCI Total International Stock ETFScore 76
Rank 4BDFAXDimensional World ex U.S. Core Equity 2 ETFScore 64
Rank 5BACWXiShares MSCI ACWI ex U.S. ETFScore 58
Rank 5BCWIState Street SPDR MSCI ACWI ex-US ETFScore 58
Rank 5BGXUSGoldman Sachs MarketBeta Total International Equity ETFScore 58
SPWONot yet graded

Our read on each fund

ETF.net Research

DFAXBDimensional World ex U.S. Core Equity 2 ETF

GXUSBGoldman Sachs MarketBeta Total International Equity ETF

In short

DFAX No data

GXUS Goldman's plain-vanilla passport: one ticker for roughly 2,800 large and mid-cap companies outside the US, at 0.18% a year, about half the typical fee among its index-tracking international peers.

Stated mandate

DFAX No data

GXUS The Fund seeks to track, before fees and expenses, the performance of the Solactive GBS Global Markets ex United States Large & Mid Cap Index.

Why people hold it

DFAX No data

GXUS Charges 0.18% a year against a 0.35% median for its international index peer group. Half price for the same job.
Tracks the Solactive GBS Global Markets ex United States Large & Mid Cap Index about as tightly as anything in this cohort, with almost no drift from the benchmark it promises.
Roughly 2,800 holdings, so a single trade buys the large and mid-cap slice of the world outside the US rather than a curated handful of it.
Sits in the upper half of its international cohort on our review, and distributions land quarterly.

Worth knowing

DFAX No data

GXUS Thinly traded next to the category's household names. Spreads can widen, and limit orders are the usual tool for that.
Cheap, but not the cheapest: VXUS runs 0.05% for a similar total-international mandate.
Launched in 2023, so its record is short compared with ex-US index funds that have run for decades.

Full DFAX profile⁠

Full GXUS profile⁠

DFAX vs GXUS Holdings

How DFAX and GXUS differ

Overlap by weight

48.3%

Shared holdings make up 91.2% of GXUS and 59.8% of DFAX.

Level by level

Holdings2,013 in both48.3%
Countryby domicile94.0%
Asset classEquity100%

Sector

No Sector split for GXUS.

Country, concentration and asset class

Country by domicile

Country weights in DFAX and GXUS, widest gap first
Country	More in DFAXMore in GXUS	DFAX	GXUS
Taiwan	DFAX +2.4 points	11.8%	9.4%
United Kingdom	GXUS +1.5 points	6.6%	8.1%
Canada	GXUS +1.3 points	7.2%	8.5%
Netherlands	GXUS +0.7 points	2.4%	3.1%
Italy	DFAX +0.5 points	2.2%	1.7%
Other countries (34)	DFAX +0.6 points	69.7%	69.1%

Outside the US: DFAX 64% developed, 36% emerging. GXUS 67% developed, 33% emerging.

Concentration

Weight in the 10 largest Holdings

DFAX8.9%
GXUS15.1%

Securities held

DFAX10,488
GXUS2,571

Asset class

DFAX: Equity
GXUS: Equity

Holdings

Only in DFAX8,475
In both2,013
Only in GXUS558

Only in DFAX

8,475 securities, 40.2% of DFAX by weight

Taiwan Semiconductor Manu1.05%
Asml Holding NV0.76%
Novartis AG Adr0.69%
Shell PLC0.55%
Samsung Electronics Co Lt0.31%
Bp PLC0.28%
Royal Bank of Canada0.25%
Canadian Natural Resource0.24%
Suncor Energy Inc.0.23%
Hsbc Holdings PLC0.22%
Astrazeneca PLC0.20%
Banco Bilbao Vizcaya Arge0.19%
Tesco PLC0.17%
Commerzbank Ag-Tend0.16%
Bhp Group Ltd0.15%
Barrick Mining Corp0.15%
Cenovus Energy Inc0.15%
Ubs Group AG0.15%
Helvetia Baloise Holding0.14%
Icici Bank Ltd0.14%
Nn Group NV0.14%
Banco De Sabadell SA0.14%
Deutsche Bank AG0.13%
Toronto-Dominion Bank0.13%
Kinross Gold Corp0.13%
Bank of Nova Scotia/The0.12%
Teck Resources Ltd0.11%
Gsk PLC0.11%
Unilever PLC0.10%
Bank of Montreal0.10%
Manulife Financial Corp0.10%
Asr Nederland NV0.09%
Nutrien Ltd0.09%
Sun Life Financial Inc0.09%
Barclays PLC0.09%
Rio Tinto PLC Adr0.09%
Tc Energy Corp0.08%
Imi PLC0.08%
Sunbelt Rentals Holdings0.08%
Gold Fields Ltd0.08%
Julius Baer Group Ltd0.08%
Swiss Prime Site AG0.08%
Stmicroelectronics NV0.08%
Imperial Oil Ltd0.08%
Rexel SA0.07%
Pembina Pipeline Corp0.07%
Finning International Inc0.07%
Agnico Eagle Mines Ltd0.07%
Qiagen NV Com0.07%
Gea Group AG0.07%

Only in GXUS

558 securities, 8.8% of GXUS by weight

Ishares, Inc.-Ishares Msci Mal0.38%
Ince/Icus Msci Emg 12/20260.37%
Ince/Icus Msci Eafe 12/20260.35%
Samsung Electronics 1 Pfd0.29%
Softbank Group Corp.0.28%
Spotify Technology S.a.0.23%
International Holdings Co Pjsc0.21%
Investor Aktiebolag0.20%
Glencore PLC0.18%
Tc Energy Corp0.18%
Sk Square Co., Ltd.0.16%
Compass Group PLC0.15%
Ferrari N.v.0.13%
Waste Connections, Inc.0.12%
Tesco PLC0.12%
Orix Corporation0.11%
Power Corp Canada (Com)0.10%
Cameco Corporation0.10%
Goodman Group0.09%
Japan Post Bank Co., Ltd.0.09%
Nutrien Ltd.0.09%
3I Group PLC0.09%
Byd Company Limited0.09%
Alcon, Inc.0.08%
Delta Electronics (Th) Pcl0.08%
Ferrovial NV0.07%
Larsen and Toubro Limited0.07%
Kyocera Corporation0.07%
Arcelormittal0.07%
Bajaj Finance Ltd0.07%
Ryanair Holdings Plc-Adr0.07%
Intercontinental Hotels Group PLC0.06%
Coca-Cola Europacific Partners PLC0.06%
Tata Consultancy Services Limited0.06%
First Abu Dhabi Bank P.j.s.c.0.06%
Investor Aktiebolag (Publ)0.06%
Baidu, Inc.0.06%
Samsung C&T Corporation0.06%
Brookfield Asset Management Ltd0.05%
Kia Corp0.05%
Emirates Telecommunications Group Co (Etisalat Gro0.05%
Dassault Systemes0.05%
State Bank of India0.05%
International Consolidated-Adr0.05%
Nippon Yusen Kabushiki Kaisha0.05%
Icon Public Limited Company0.04%
Hyundai Mobis0.04%
Hon. Precision, Inc0.04%
Natl Thermal Power Corp Ltd0.04%
Itausa-Investimentos Itau0.04%

Weight gaps

The 100 widest of 2,013 Holdings in both funds.

Holding weights in DFAX and GXUS, widest gap first
Holding	More in DFAXMore in GXUS	DFAX	GXUS
Taiwan Semiconductor Manu	GXUS +2.26 points	2.43%	4.69%
Asml Holding NV	GXUS +1.68 points	0.02%	1.70%
Sk Hynix Inc	GXUS +0.91 points	0.79%	1.70%
Samsung Electronics Co	GXUS +0.89 points	1.25%	2.14%
Novartis AG	GXUS +0.76 points	0.01%	0.77%
Astrazeneca PLCAZN.L	GXUS +0.70 points	<0.01%	0.70%
Hsbc Holdings PLCHSBA.L	GXUS +0.67 points	0.12%	0.79%
Sap SE	GXUS +0.56 points	0.07%	0.63%
Shell PLCSHEL.L	GXUS +0.55 points	0.28%	0.83%
Shopify Inc	GXUS +0.52 points	<0.01%	0.52%
Roche Holding AG	GXUS +0.48 points	0.43%	0.91%
Toronto-Dominion Bank/The	GXUS +0.45 points	0.12%	0.57%
Alibaba Group Holding Ltd	GXUS +0.43 points	0.16%	0.59%
Siemens AG	GXUS +0.42 points	0.16%	0.58%
Royal Bank of Canada	GXUS +0.41 points	0.35%	0.76%
Tencent Holdings Ltd	GXUS +0.40 points	0.39%	0.79%
Mitsubishi Ufj Financial	GXUS +0.40 points	0.26%	0.66%
Ubs Group AG	GXUS +0.39 points	<0.01%	0.39%
Commonwealth Bank of Aust	GXUS +0.37 points	0.15%	0.52%
Unilever PLCULVR.L	GXUS +0.34 points	0.02%	0.36%
Schneider Electric SE	GXUS +0.31 points	0.09%	0.40%
Bhp Group Ltd	GXUS +0.30 points	0.24%	0.54%
Iberdrola SA	GXUS +0.29 points	0.11%	0.40%
Canadian Natural Resource	GXUS +0.30 points	<0.01%	0.30%
Nestle SA	GXUS +0.29 points	0.38%	0.67%
Banco Santander SA	GXUS +0.29 points	0.16%	0.45%
Novo Nordisk A/S	GXUS +0.28 points	0.04%	0.32%
Sumitomo Mitsui Financial	GXUS +0.27 points	0.14%	0.41%
Bank of Montreal	GXUS +0.27 points	0.06%	0.33%
Enbridge Inc	GXUS +0.27 points	0.02%	0.29%
Bank of Nova Scotia/The	GXUS +0.26 points	0.05%	0.31%
Mediatek Inc	GXUS +0.25 points	0.24%	0.49%
Bp PLCBP.L	GXUS +0.25 points	0.07%	0.32%
Air Liquide SA	GXUS +0.25 points	0.08%	0.33%
Kioxia Holdings Corp	GXUS +0.25 points	0.03%	0.28%
Gsk PLCGSK.L	GXUS +0.24 points	0.02%	0.26%
Banco Bilbao Vizcaya Arge	GXUS +0.24 points	0.12%	0.36%
British American TobaccoBATS.L	GXUS +0.24 points	0.09%	0.33%
Tokyo Electron Ltd	GXUS +0.24 points	0.14%	0.38%
Brookfield Corp	GXUS +0.22 points	<0.01%	0.23%
Airbus SE	GXUS +0.22 points	0.12%	0.34%
Rio Tinto PLCRIO.L	GXUS +0.22 points	0.02%	0.24%
Mizuho Financial Group In	GXUS +0.21 points	0.11%	0.32%
National Grid PLCNG.L	GXUS +0.20 points	0.02%	0.22%
Keyence Corp	GXUS +0.20 points	0.04%	0.24%
Abb Ltd	GXUS +0.20 points	0.17%	0.37%
Recruit Holdings Co Ltd	GXUS +0.19 points	0.21%	0.40%
L'oreal SA	GXUS +0.20 points	0.08%	0.28%
Canadian Pacific Kansas C	GXUS +0.20 points	0.01%	0.21%
Cie Financiere Richemont	GXUS +0.20 points	0.08%	0.28%
Lvmh Moet Hennessy Louis	GXUS +0.19 points	0.09%	0.28%
Icici Bank Ltd	GXUS +0.19 points	0.02%	0.21%
Manulife Financial Corp	GXUS +0.19 points	0.01%	0.20%
Suncor Energy Inc	GXUS +0.18 points	0.06%	0.24%
Allianz SE	GXUS +0.19 points	0.31%	0.50%
Safran SA	GXUS +0.18 points	0.11%	0.29%
Barclays PLCBARC.L	GXUS +0.18 points	0.03%	0.21%
Zurich Insurance Group AG	GXUS +0.18 points	0.11%	0.29%
Canadian Imperial Bank of	GXUS +0.18 points	0.11%	0.29%
Rolls-Royce Holdings PLCRR.L	GXUS +0.18 points	0.20%	0.38%
Hdfc Bank Ltd	GXUS +0.18 points	0.04%	0.22%
Canadian National Railway	GXUS +0.18 points	<0.01%	0.18%
Barrick Mining Corp	GXUS +0.17 points	0.00%	0.17%
Relx PLCREL.L	GXUS +0.17 points	0.01%	0.18%
Sanofi	GXUS +0.17 points	0.07%	0.24%
Mitsui & Co Ltd	GXUS +0.16 points	0.04%	0.20%
Dbs Group Holdings Ltd	GXUS +0.17 points	0.14%	0.31%
Intesa Sanpaolo Spa	GXUS +0.17 points	0.09%	0.26%
Mitsubishi Corp	GXUS +0.16 points	0.10%	0.26%
Ing Groep NV	GXUS +0.17 points	0.07%	0.24%
Bnp Paribas SA	GXUS +0.16 points	0.10%	0.26%
Deutsche Bank AG	GXUS +0.15 points	<0.01%	0.16%
Advantest Corp	GXUS +0.15 points	0.30%	0.45%
Anz Group Holdings	GXUS +0.15 points	0.08%	0.23%
Hitachi Ltd	GXUS +0.16 points	0.22%	0.38%
Siemens Energy AG	GXUS +0.15 points	0.15%	0.30%
Wheaton Precious Metals C	GXUS +0.15 points	<0.01%	0.15%
Fast Retailing Co Ltd	GXUS +0.14 points	0.07%	0.21%
Sony Group Corp	GXUS +0.14 points	0.25%	0.39%
Westpac Banking Corp	GXUS +0.15 points	0.09%	0.24%
Axa SA	GXUS +0.14 points	0.07%	0.21%
Itochu Corp	GXUS +0.14 points	0.10%	0.24%
Delta Electronics Inc	GXUS +0.14 points	0.07%	0.21%
Murata Manufacturing Co L	GXUS +0.13 points	0.06%	0.19%
National Australia Bank L	GXUS +0.14 points	0.10%	0.24%
Aia Group Ltd	GXUS +0.13 points	0.12%	0.25%
Oversea-Chinese Banking C	GXUS +0.14 points	0.06%	0.20%
Csl Ltd	GXUS +0.13 points	0.03%	0.16%
Ntt Inc	GXUS +0.13 points	0.02%	0.15%
Argenx SEARGX	GXUS +0.13 points	0.02%	0.15%
Nintendo Co Ltd	GXUS +0.13 points	0.03%	0.16%
Essilorluxottica SA	GXUS +0.13 points	0.03%	0.16%
Macquarie Group Ltd	GXUS +0.12 points	0.05%	0.17%
Teva Pharmaceutical Indus	GXUS +0.13 points	<0.01%	0.13%
Reliance Industries Ltd	GXUS +0.12 points	0.07%	0.19%
Agnico Eagle Mines Ltd	GXUS +0.12 points	0.12%	0.24%
Bae Systems PLCBA.L	GXUS +0.12 points	0.10%	0.22%
Diageo PLCDGE.L	GXUS +0.12 points	<0.01%	0.12%
Prosus NV	GXUS +0.11 points	<0.01%	0.12%
Lenovo Group Ltd	DFAX +0.11 points	0.15%	0.04%

All 10,279 DFAX holdings⁠All 2,573 GXUS 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.

DFAX vs GXUS Cost

Overpaying DFAX vs GXUS

$2,006

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

DFAX 0.28%
$5,755
GXUS 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

DFAX 0.28%
GXUS 0.18%
Overpaying

Year by year

Year	DFAX	GXUS	Overpaying
10	$509	$328	$181
20	$1,976	$1,281	$695
30	$5,755	$3,749	$2,006

Expense ratio

0.28%DFAX
0.18%GXUS, cheaper

GXUS0.18%DFAX0.28%

0.04%0.55%

Middle half of Total International Market funds
Median 0.23%

GXUS 4th cheapest of 8 funds

DFAX 5th cheapest of 8 funds

DFAX vs GXUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFAX 2.50%; GXUS 2.64%, better
Payout (12M): DFAX $0.89; GXUS $1.60
Last payment: DFAX $0.22; GXUS $0.49
Ex-dividend: DFAX Sep 22, 2026; GXUS Sep 24, 2026
Paid on: DFAX Sep 24, 2026; GXUS Sep 30, 2026
Frequency: DFAX Quarterly; GXUS Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

DFAXQuarterly · 21 paymentsAll DFAX payments⁠

GXUSQuarterly · 13 paymentsAll GXUS payments⁠

DFAX vs GXUS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFAX 12.3%GXUS 12.2%, better
Return per unit of riskSharpe ratio, 3 years: DFAX 1.30, betterGXUS 1.21
Worst fallMax drawdown, 5 years: DFAX −27.8%GXUS −13.9%since Jun 2023
Market sensitivityBeta, 5 years: DFAX 0.97GXUS 0.99; Market = 1

DFAX and GXUS in the news

All news⁠

New ETFs
Avantis lists an international stock ETF with Vanguard on top
Oct 5, 2026DFAX

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DFAX vs GXUS

In short

Stated mandate

Why people hold it

Worth knowing

How DFAX and GXUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAX

Only in GXUS

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Avantis lists an international stock ETF with Vanguard on top

How DFAX and GXUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAX

Only in GXUS

Weight gaps