DFGR vs IFGL: Grades, Fees and Holdings Compared

Dimensional Global Real Estate ETF

DFGRANYSE Arca

iShares International Developed Real Estate ETF

IFGLCNasdaq

Overlap

21.9%by weight

Expense ratio

DFGR −0.29pt a year

DFGR0.21%IFGL0.50%

Avg volume · 30D

DFGR 30.2×the volume

DFGR543KIFGL18K

3Y return · a year

DFGR +4.1pt

DFGR+11.7%IFGL+7.6%

DFGR vs IFGL Performance

Oct 31, 2025 – Nov 2, 2026

+9.6%DFGR−3.0%IFGL

Expense ratio: DFGR 0.21%, better; IFGL 0.50%
Fund size: DFGR $3.94B; IFGL $80M
1Y total return: DFGR +9.6%, better; IFGL −3.0%
Yield (12M): DFGR 3.92%; IFGL 4.51%, better
Holdings: DFGR 434; IFGL 276
Avg volume (30D): DFGR 543K sh, better; IFGL 18K sh
NAV per share: DFGR $28.25; IFGL $20.94
52W range

ETF.net Grade

Pillar letters and Scores for DFGR, IFGL, with each pillar’s weight
Pillar	DFGR	IFGL
Cost30% weight	A82Higher	C44
Mission25% weight	Not scored	A83
Risk15% weight	B68Higher	C43
Tradability15% weight	A90Higher	F22
Holdings10% weight	B65	B65
Durability5% weight	B68Higher	B64

Rank among Global & International Real Estate funds

How we build Categories ›

Same Category. DFGR and IFGL are both graded against the same 18 Global & International Real Estate funds, so their Grades compare head to head.

Global & International Real Estate⁠

Category · 18 funds

See all 18 ›

DFGR ranks 2nd and IFGL 11th of 18 funds in the Global & International Real Estate Category.

Rank 1AREETiShares Global REIT ETFScore 78
Rank 2ADFGRDimensional Global Real Estate ETFScore 77
Rank 3AHAUZXtrackers International Real Estate ETFScore 76
Rank 10CCRIBRussell Investments Global Real Estate ETFScore 45
Rank 11CIFGLiShares International Developed Real Estate ETFScore 43
Rank 11CRITAETFB Green SRI REITs ETFScore 43

Our read on each fund

ETF.net Research

DFGRADimensional Global Real Estate ETF

IFGLCiShares International Developed Real Estate ETF

In short

DFGR One ticker for the world's landlords: US, developed and emerging-market REITs in a single market-cap-weighted portfolio, traded by Dimensional's desk rather than on an index calendar. Roughly 500 names.

IFGL The 2007 original in overseas property: one index, developed markets outside the US, no emerging-market detour, no US REITs. About 300 names, cash paid quarterly, 0.50% a year with no waiver trimming it.

Stated mandate

DFGR The fund seeks long-term capital appreciation by investing broadly in U.S. and non-U.S. companies principally engaged in real estate, including REITs and REIT-like entities.

IFGL The fund seeks to track an index of real estate equities in developed non-U.S. markets.

Why people hold it

DFGR Fee is 0.21% net of a waiver through February 28, 2027 (0.22% gross), below the category median, though index peers REET (0.14%) and HAUZ (0.10%) charge less.
Holds US and non-US real estate, developed and emerging markets, in one wrapper. HAUZ and VNQI are ex-US only, so pairing them with a US REIT fund is the usual workaround.sec.gov
No index to shadow: the prospectus lets Dimensional weight by market cap while flexing trade timing and capping country or issuer exposure.sec.gov
A multi-billion-dollar fund that trades actively, and it pays distributions quarterly.

IFGL Launched November 2007, it predates the ex-US property funds that followed (VNQI in 2010, REET in 2014) and carries nearly two decades of live history.vanguard.com sec.gov
Developed markets only. Its FTSE EPRA Nareit Developed ex US benchmark leaves out emerging-market property, which the indexes behind VNQI and REET both include.vanguard.com sec.gov
Roughly 300 landlords and property names spread across developed markets outside the US, with distributions on a quarterly schedule.blackrock.com

Worth knowing

DFGR Single-sector by design, so it moves with property markets and the rates that price them, with roughly 500 names spread across that one sector.
Foreign REITs mean currency moves land in your return; the fund may use currency forwards for settlement, not to hedge its exposure.sec.gov
Without a published index to track, there is no simple tracking-difference yardstick, and the waiver expires February 28, 2027, leaving the 0.22% gross fee.sec.gov

IFGL Fee is 0.50% with no waiver, near the category norm, while HAUZ (0.10%) and VNQI (0.12%) reach similar overseas property for a fraction of that.
One of the lighter-traded names in its category, on a modest asset base, which tends to show up as wider bid-ask spreads than the category giants.
No US real estate at all by design, so it covers one side of the global property market rather than the whole map.

Full DFGR profile⁠

Full IFGL profile⁠

DFGR vs IFGL Holdings

How DFGR and IFGL differ

Overlap by weight

21.9%

Shared holdings make up 60.7% of IFGL and 21.9% of DFGR.

Level by level

Sector18 Sectors0.0%
Countryby domicile21.5%
Holdings163 in both21.9%
Asset classReal Estate100%

Sector

Sector weights in DFGR and IFGL, widest gap first
Sector	More in DFGRMore in IFGL	DFGR	IFGL
Real Estate	DFGR +98.6 points	98.6%	0.0%
Real Estate Operating Companies	IFGL +18.4 points	0.0%	18.4%
Industrial REITs	IFGL +17.2 points	0.0%	17.2%
Diversified Real Estate Activities	IFGL +15.5 points	0.0%	15.5%
Retail Reits	IFGL +15.4 points	0.0%	15.4%
Diversified REIT's	IFGL +15.1 points	0.0%	15.1%
Office REITs	IFGL +6.7 points	0.0%	6.7%
Multi-Family Residential REITs	IFGL +3.5 points	0.0%	3.5%
Health Care REITs	IFGL +2.2 points	0.0%	2.2%
Real Estate Development	IFGL +1.6 points	0.0%	1.6%
Hotel & Resort REITs	IFGL +1.4 points	0.0%	1.4%
Financials	DFGR +1.3 points	1.3%	0.0%
Data Center REITs	IFGL +0.8 points	0.0%	0.8%
Self Storage REITs	IFGL +0.8 points	0.0%	0.8%
Health Care Facilities	IFGL +0.7 points	0.0%	0.7%
Internet Services & Infrastructure	IFGL +0.5 points	0.0%	0.5%
Hotels Resorts & Cruise Lines	IFGL +0.1 points	0.0%	0.1%
Consumer Staples	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in DFGR and IFGL, widest gap first
Country	More in DFGRMore in IFGL	DFGR	IFGL
United States	DFGR +75.3 points	75.3%	0.0%
Japan	IFGL +20.3 points	4.4%	24.7%
Australia	IFGL +10.9 points	6.0%	16.9%
Hong Kong	IFGL +8.7 points	0.9%	9.6%
United Kingdom	IFGL +7.4 points	3.6%	11.0%
Singapore	IFGL +6.4 points	2.6%	9.0%
Canada	IFGL +4.8 points	1.1%	5.9%
Switzerland	IFGL +4.7 points	0.0%	4.7%
Other countries (17)	IFGL +12.2 points	6.1%	18.3%

Outside the US: DFGR 89% developed, 11% emerging. IFGL 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

DFGR42.0%
IFGL28.8%

Securities held

DFGR414
IFGL258

Asset class

DFGR: Real Estate
IFGL: Real Estate

Holdings

Only in DFGR251
In both163
Only in IFGL95

Only in DFGR

251 securities, 77.9% of DFGR by weight

Welltower Inc8.76%
Prologis Inc.6.29%
Equinix Inc5.19%
American Tower Corp. Reit4.39%
Simon Property Group Inc.3.65%
Digital Realty Trust Inc3.47%
Public Storage2.83%
Realty Income Corporation2.80%
Vivmark Residential2.33%
Ventas Inc.2.26%
Iron Mountain Inc1.80%
Extra Space Storage Inc.1.66%
Crown Castle Inc1.65%
Vici Properties Inc1.40%
Host Hotels & Resorts0.90%
Sba Communications Corp0.88%
Essex Property0.88%
Kimco Realty Corp.0.86%
Wp Carey Inc0.76%
Omega Healthcare Investor0.74%
Invitation Homes Inc0.72%
Sun Communities Inc0.71%
Mid-America Apartment0.70%
Lamar Advertising Co0.70%
Healthpeak Properties Inc0.68%
Regency Centers Corp0.65%
American Healthcare Reit0.63%
Equity Lifestyle Properti0.56%
Eastgroup Properties Inc0.55%
Udr Inc0.53%
Camden Property Trust0.53%
American Homes 4 Rent0.53%
Gaming and Leisure Proper0.52%
Cubesmart0.49%
Bxp Inc0.49%
Federal Realty Investment0.46%
Brixmor Property Group In0.46%
Ryman Hospitality Propert0.44%
Caretrust Reit Inc0.44%
Rexford Industrial Realty0.44%
Agree Realty Corp0.43%
Nnn Reit Inc0.40%
First Industrial Realty T0.37%
Terreno Realty Corp0.37%
Stag Industrial Inc0.36%
Macerich Co/The0.36%
Alexandria Real Estate0.32%
Healthcare Realty Trust I0.32%
Essential Properties Real0.30%
Vornado Realty Trust0.28%

Only in IFGL

95 securities, 38.4% of IFGL by weight

Mitsubishi Estate Co Ltd4.02%
Mitsui Fudosan3.91%
Sun Hung Kai Properties Ltd2.68%
Sumitomo Realty & Development2.04%
Vonovia SE2.00%
Swiss Prime Site AG1.91%
Psp Swiss Property AG1.28%
Hongkong Land Holdings Ltd1.22%
Wharf Real Estate Investment Compa0.94%
Hulic0.83%
Sino Land Ltd0.75%
Henderson Land Development Ltd0.72%
Chartwell Retirement Residences Re0.72%
Azrieli Group Ltd0.70%
Capitaland Investment Ltd0.65%
Castellum0.63%
Leg Immobilien N0.62%
Tokyo Tatemono0.59%
Sagax Class B0.55%
Allreal Holding AG0.52%
Fastighets Balder Class B0.51%
Nextdc0.47%
Swire Properties Ltd0.47%
Mobimo Holding AG0.47%
Melisron Ltd0.44%
Nomura Real Estate Holdings Inc0.44%
Uol Group Ltd0.43%
City Developments0.38%
Tag Immobilien AG0.36%
Sirius Real Estate Limited0.31%
Wihlborgs Fastigheter0.28%
Grainger Reit PLC0.27%
Pandox0.27%
Great Portland Estates Reit PLC0.27%
Catena0.25%
Safestore Holdings Reit PLC0.24%
Supermarket Income Reit PLC0.23%
Amot Investments Ltd0.22%
Lumo Homes0.21%
Wallenstam Class B0.19%
Fabege0.18%
Aroundtown SA0.18%
Hysan Development0.18%
Altra Fastigheter0.17%
Vgp NV0.17%
Cibus Real Estate0.15%
Intea Fastigheter Class B0.14%
Intershop Holding N AG0.14%
Deutsche Wohnen0.13%
New World Development Company0.13%

Weight gaps

The 100 widest of 163 Holdings in both funds.

Holding weights in DFGR and IFGL, widest gap first
Holding	More in DFGRMore in IFGL	DFGR	IFGL
Goodman Group	IFGL +3.54 points	2.21%	5.75%
Segro PLCSGRO.L	IFGL +1.49 points	1.01%	2.50%
Link Reit	IFGL +1.25 points	0.75%	2.00%
Scentre Group	IFGL +1.23 points	0.76%	1.99%
Unibail-Rodamco-Westfield	IFGL +1.18 points	0.62%	1.80%
Capitaland Integrated Com	IFGL +1.08 points	0.64%	1.72%
Klepierre SA	IFGL +0.85 points	0.48%	1.33%
Stockland	IFGL +0.68 points	0.43%	1.11%
Capitaland Ascendas Reit	IFGL +0.67 points	0.41%	1.08%
Charter Hall Group	IFGL +0.66 points	0.37%	1.03%
Land Securities Group PLCLAND.L	IFGL +0.64 points	0.48%	1.12%
Aedifica SA	IFGL +0.63 points	0.37%	1.00%
Vicinity Ltd	IFGL +0.62 points	0.39%	1.01%
Gpt Group/The	IFGL +0.62 points	0.38%	1.00%
Nippon Building Fund Inc	IFGL +0.59 points	0.34%	0.93%
Riocan Real Estate Invest	IFGL +0.55 points	0.12%	0.67%
Merlin Properties Socimi	IFGL +0.53 points	0.31%	0.84%
Londonmetric Property PLCLMP.L	IFGL +0.49 points	0.37%	0.86%
Mirvac Group	IFGL +0.49 points	0.30%	0.79%
British Land Co Plc/TheBLND.L	IFGL +0.48 points	0.40%	0.88%
Granite Real Estate Inves	IFGL +0.46 points	0.09%	0.55%
Japan Real Estate Investm	IFGL +0.44 points	0.26%	0.70%
Tritax Big Box Reit PLCBBOX.L	IFGL +0.44 points	0.34%	0.78%
First Capital Real Estate	IFGL +0.43 points	0.10%	0.53%
Canadian Apartment Proper	IFGL +0.43 points	0.09%	0.52%
Warehouses De Pauw Cva	IFGL +0.43 points	0.25%	0.68%
Japan Metropolitan Fund I	IFGL +0.41 points	0.27%	0.68%
Unite Group Plc/TheUTG.L	IFGL +0.40 points	0.09%	0.49%
Dexus	IFGL +0.40 points	0.25%	0.65%
Glp J-Reit	IFGL +0.39 points	0.21%	0.60%
Gecina SA	IFGL +0.38 points	0.17%	0.55%
Nippon Prologis Reit Inc	IFGL +0.36 points	0.20%	0.56%
Keppel Dc Reit	IFGL +0.34 points	0.20%	0.54%
Choice Properties Real Es	IFGL +0.32 points	0.10%	0.42%
Nomura Real Estate Master	IFGL +0.32 points	0.17%	0.49%
United Urban Investment C	IFGL +0.30 points	0.16%	0.46%
Dream Industrial Real Est	IFGL +0.31 points	0.08%	0.39%
Smartcentres Real Estate	IFGL +0.29 points	0.09%	0.38%
Kdx Realty Investment Cor	IFGL +0.29 points	0.19%	0.48%
Mapletree Logistics Trust	IFGL +0.28 points	0.16%	0.44%
Japan Hotel Reit Investme	IFGL +0.27 points	0.18%	0.45%
Mapletree Industrial Trus	IFGL +0.27 points	0.16%	0.43%
Big Yellow Group PLCBYG.L	IFGL +0.27 points	0.09%	0.35%
Orix Jreit Inc	IFGL +0.27 points	0.16%	0.43%
Daiwa House Reit Investme	IFGL +0.26 points	0.16%	0.42%
Covivio	IFGL +0.26 points	0.14%	0.40%
Invincible Investment Cor	IFGL +0.25 points	0.17%	0.42%
Shaftesbury Capital PLCSHC.L	IFGL +0.25 points	0.19%	0.44%
Primary Health PropertiesPHP.L	IFGL +0.24 points	0.22%	0.46%
Suntec Real Estate Invest	IFGL +0.24 points	0.10%	0.34%
Colonial SFL Socimi SA	IFGL +0.23 points	0.09%	0.32%
Derwent London PLCDLN.L	IFGL +0.23 points	0.18%	0.41%
Advance Residence Investm	IFGL +0.22 points	0.13%	0.35%
Primaris Real Estate Inve	IFGL +0.22 points	0.06%	0.28%
H&R Real Estate Investmen	IFGL +0.21 points	0.05%	0.26%
Hammerson PLCHMSO.L	IFGL +0.22 points	0.16%	0.38%
Japan Prime Realty Invest	IFGL +0.21 points	0.11%	0.32%
Boardwalk Real Estate Inv	IFGL +0.21 points	0.05%	0.26%
Frasers Logistics & Comme	IFGL +0.20 points	0.10%	0.30%
Frasers Centrepoint Trust	IFGL +0.19 points	0.12%	0.31%
Industrial & Infrastructu	IFGL +0.19 points	0.12%	0.31%
Keppel Reit	IFGL +0.19 points	0.12%	0.31%
Mapletree Pan Asia Commer	IFGL +0.19 points	0.12%	0.31%
Killam Apartment Real Est	IFGL +0.17 points	0.05%	0.22%
Region Group	IFGL +0.17 points	0.11%	0.28%
Activia Properties Inc	IFGL +0.17 points	0.08%	0.25%
Charter Hall Long Wale Re	IFGL +0.16 points	0.09%	0.25%
Capitaland Ascott Trust M	IFGL +0.17 points	0.09%	0.26%
Crombie Real Estate Inves	IFGL +0.16 points	0.03%	0.19%
Mitsui Fudosan Logistics	IFGL +0.15 points	0.12%	0.27%
Montea NV	IFGL +0.15 points	0.08%	0.23%
Charter Hall Retail Reit	IFGL +0.15 points	0.08%	0.23%
Mitsui Fudosan Accommodat	IFGL +0.15 points	0.09%	0.24%
Bwp Trust	IFGL +0.15 points	0.08%	0.23%
Ingenia Communities Group	IFGL +0.14 points	0.09%	0.23%
Homeco Daily Needs Reit	IFGL +0.14 points	0.08%	0.22%
Japan Logistics Fund Inc	IFGL +0.14 points	0.08%	0.22%
Sekisui House Reit Inc	IFGL +0.14 points	0.10%	0.24%
Argan SA	IFGL +0.14 points	0.05%	0.19%
Target Healthcare Reit PlTHRL.L	IFGL +0.14 points	0.01%	0.15%
Parkway Life Real Estate	IFGL +0.13 points	0.08%	0.21%
Centuria Industrial Reit	IFGL +0.12 points	0.07%	0.19%
Lasalle Logiport Reit	IFGL +0.12 points	0.08%	0.20%
Aeon Reit Investment Corp	IFGL +0.11 points	0.06%	0.17%
Eurocommercial Properties	IFGL +0.11 points	0.07%	0.18%
Hulic Reit Inc	IFGL +0.10 points	0.06%	0.16%
Lendlease Global Commerci	IFGL +0.10 points	0.07%	0.17%
Xior Student Housing NV	IFGL +0.10 points	0.06%	0.16%
Mitsui Fudosan Retail Fun	IFGL +0.11 points	0.06%	0.17%
Comforia Residential Reit	IFGL +0.10 points	0.06%	0.16%
Carmila SA	IFGL +0.09 points	0.06%	0.15%
Daiwa Securities Living I	IFGL +0.10 points	0.05%	0.15%
Tokyu Reit Inc	IFGL +0.10 points	0.04%	0.14%
Mori Hills Reit Investmen	IFGL +0.09 points	0.06%	0.15%
Digico Infrastructure Rei	IFGL +0.09 points	<0.01%	0.10%
Daiwa Office Investment C	IFGL +0.10 points	0.05%	0.15%
Ntt Ud Reit Investment Co	IFGL +0.09 points	0.06%	0.15%
Mori Trust Reit Inc	IFGL +0.09 points	0.06%	0.15%
Waypoint Reit Ltd	IFGL +0.09 points	0.06%	0.15%
Goodman New Zealand Ltd	IFGL +0.09 points	0.06%	0.15%

All 466 DFGR holdings⁠All 258 IFGL 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.

DFGR vs IFGL Cost

Overpaying IFGL vs DFGR

$5,622

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

DFGR 0.21%
$4,357
IFGL 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

DFGR 0.21%
IFGL 0.50%
Overpaying

Year by year

Year	DFGR	IFGL	Overpaying
10	$383	$900	$517
20	$1,491	$3,460	$1,969
30	$4,357	$9,979	$5,622

Expense ratio

0.21%DFGR, cheaper
0.50%IFGL

DFGR0.21%IFGL0.50%

0.10%0.60%

Middle half of Global & International Real Estate funds
Median 0.49%

DFGR 4th cheapest of 18 funds

IFGL 10th cheapest of 18 funds

DFGR vs IFGL Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DFGR 3.92%; IFGL 4.51%, better
Payout (12M): DFGR $1.11; IFGL $0.95
Last payment: DFGR $0.24; IFGL $0.20
Ex-dividend: DFGR Sep 22, 2026; IFGL Sep 15, 2026
Paid on: DFGR Sep 24, 2026; IFGL Sep 18, 2026
Frequency: DFGR Quarterly; IFGL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFGRQuarterly · 16 paymentsAll DFGR payments⁠

IFGLQuarterly · 35 paymentsAll IFGL payments⁠

DFGR vs IFGL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFGR 15.8%, betterIFGL 17.7%
Return per unit of riskSharpe ratio, 3 years: DFGR 0.57, betterIFGL 0.32
Worst fallMax drawdown, 5 years: DFGR −21.3%since Dec 2022IFGL −36.8%
Market sensitivityBeta, 5 years: DFGR 0.90IFGL 1.02; Market = 1

DFGR and IFGL in the news

All news⁠

Deep Dive
Global real estate ETFs that are up for 2026 are built mostly of U.S. REITs
Oct 14, 2026DFGRIFGL

Popular comparisons

DFGRAvsREETA
Dimensional Global Real Estate ETF · iShares Global REIT ETF
Expense ratio
0.21% · 0.14%
Category
IFGLCvsREETA
iShares International Developed Real Estate ETF · iShares Global REIT ETF
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0.50% · 0.14%
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DFGRAvsHAUZA
Dimensional Global Real Estate ETF · Xtrackers International Real Estate ETF
Expense ratio
0.21% · 0.10%
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IFGLCvsHAUZA
iShares International Developed Real Estate ETF · Xtrackers International Real Estate ETF
Expense ratio
0.50% · 0.10%
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DFGRAvsVNQIA
Dimensional Global Real Estate ETF · Vanguard Global ex-U.S. Real Estate ETF
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0.21% · 0.12%
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IFGLCvsVNQIA
iShares International Developed Real Estate ETF · Vanguard Global ex-U.S. Real Estate ETF
Expense ratio
0.50% · 0.12%
Category

DFGR vs IFGL

In short

Stated mandate

Why people hold it

Worth knowing

How DFGR and IFGL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFGR

Only in IFGL

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Global real estate ETFs that are up for 2026 are built mostly of U.S. REITs

How DFGR and IFGL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFGR

Only in IFGL

Weight gaps