DFIC vs IDEQ: Grades, Fees and Holdings Compared

Dimensional International Core Equity 2 ETF

DFICACboe

Lazard International Dynamic Equity ETF

IDEQBNYSE Arca

Overlap

12.0%by weight

Expense ratio

DFIC −0.18pt a year

DFIC0.22%IDEQ0.40%

Avg volume · 30D

DFIC 4.8×the volume

DFIC1.85MIDEQ385K

DFIC vs IDEQ Performance

Oct 31, 2025 – Oct 30, 2026

+16.8%DFIC+17.2%IDEQ

Expense ratio: DFIC 0.22%, better; IDEQ 0.40%
Fund size: DFIC $15.3B; IDEQ $2.1B
1Y total return: DFIC +16.8%; IDEQ +17.2%, better
Yield (12M): DFIC 2.55%, better; IDEQ 1.39%
Holdings: DFIC 4152; IDEQ 265
Avg volume (30D): DFIC 1.85M sh, better; IDEQ 385K sh
NAV per share: DFIC $37.56; IDEQ $33.90
52W range

ETF.net Grade

Pillar letters and Scores for DFIC, IDEQ, with each pillar’s weight
Pillar	DFIC	IDEQ
Cost30% weight	A98Higher	A76
Mission25% weight	A100	Not scored
Risk15% weight	B69Higher	C51
Tradability15% weight	A81Higher	B62
Holdings10% weight	A91Higher	B68
Durability5% weight	A91Higher	A81

Rank among International Active Equity funds

How we build Categories ›

Same Category. DFIC and IDEQ are both graded against the same 55 International Active Equity funds, so their Grades compare head to head.

International Active Equity⁠

Category · 55 funds

See all 55 ›

DFIC ranks 1st and IDEQ 10th of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 87
Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
Rank 3AJIREJPMorgan International Research Enhanced Equity ETFScore 79
Rank 10BCOROiShares International Country Rotation Active ETFScore 67
Rank 10BIDEQLazard International Dynamic Equity ETFScore 67
Rank 10BSEIESEI Select International Equity ETFScore 67

Our read on each fund

ETF.net Research

DFICADimensional International Core Equity 2 ETF

IDEQBLazard International Dynamic Equity ETF

In short

DFIC No data

IDEQ An institutional quant strategy that finally opened its doors. Lazard's International Equity Advantage mutual fund, running since 2015, became this ETF in 2025: multi-factor stock picking outside the US, measured against MSCI ACWI ex USA, at 0.40% a year.

Stated mandate

DFIC No data

IDEQ The Portfolio seeks long-term capital appreciation. It normally invests at least 80% of its net assets, plus borrowings for investment purposes, in non-U.S. equity securities.

Why people hold it

DFIC No data

IDEQ Not a fresh idea in a new wrapper. Lazard's quantitative team has run this portfolio since 2015 as a mutual fund, converting it into an ETF in 2025.lazard.com
0.40% a year sits under the 0.60% typical of active international equity funds, one reason it ranks among the stronger implementations in that group.
Four signals, not one. The proprietary model ranks stocks on value, growth, quality and momentum, then shapes risk exposures against MSCI ACWI ex USA.
The prospectus commits at least 80% of net assets to non-US equities, so it stays a dedicated overseas sleeve rather than drifting back toward home.

Worth knowing

DFIC No data

IDEQ Cheap for active, not cheap outright: systematic rivals AVDE, DFIC and JIRE all price near a quarter of a percent.
MSCI ACWI ex USA is the yardstick, not the blueprint. The model chooses and weights holdings itself, so the portfolio can sit far from the index.
Lazard discloses that the strategy can hold a large share of assets in a single country, Japan being its own example, so one market's politics can carry weight.lazard.com

Full DFIC profile⁠

Full IDEQ profile⁠

DFIC vs IDEQ Holdings

How DFIC and IDEQ differ

Overlap by weight

12.0%

Shared holdings make up 64.9% of IDEQ and 13.9% of DFIC.

Level by level

Holdings133 in both12.0%
Countryby domicile67.0%
Asset classEquity100%

Sector

No Sector split for IDEQ.

Country, concentration and asset class

Country by domicile

Country weights in DFIC and IDEQ, widest gap first
Country	More in DFICMore in IDEQ	DFIC	IDEQ
Japan	DFIC +9.6 points	24.4%	14.8%
Taiwan	IDEQ +9.5 points	0.0%	9.5%
South Korea	IDEQ +6.8 points	0.0%	6.8%
China	IDEQ +6.7 points	0.2%	6.9%
Canada	DFIC +3.6 points	11.6%	8.0%
India	IDEQ +3.6 points	0.0%	3.6%
Switzerland	DFIC +3.5 points	8.0%	4.5%
Germany	DFIC +2.7 points	7.3%	4.6%
Other countries (28)	DFIC +7.3 points	48.5%	41.2%

Outside the US: DFIC 98% developed, 2% emerging. IDEQ 68% developed, 32% emerging.

Concentration

Weight in the 10 largest Holdings

DFIC7.1%
IDEQ23.6%

Securities held

DFIC4,131
IDEQ253

Asset class

DFIC: Equity
IDEQ: Equity

Holdings

Only in DFIC3,998
In both133
Only in IDEQ120

Only in DFIC

3,998 securities, 85.7% of DFIC by weight

Shell PLC1.15%
Asml Holding NV1.09%
Novartis AG Adr0.76%
Nestle SA0.64%
Allianz SE0.49%
Toyota Motor Corp0.46%
Bp PLC0.44%
Banco Bilbao Vizcaya Arge0.41%
Suncor Energy Inc.0.41%
Hsbc Holdings PLC0.39%
Deutsche Telekom AG0.38%
Canadian Natural Resource0.37%
Toronto-Dominion Bank0.37%
Mitsubishi Ufj Financial0.36%
Basf SE0.33%
Astrazeneca PLC0.33%
Tesco PLC0.31%
Dhl AG0.30%
Eni Spa0.30%
E.on SE0.29%
Rio Tinto PLC0.29%
Engie SA0.28%
Cenovus Energy Inc0.27%
Repsol SA0.27%
Siemens AG0.26%
Orange SA0.26%
National Bank of Canada0.25%
Muenchener Rueckversicher0.25%
Bhp Group Ltd0.25%
Intact Financial Corp0.24%
Dbs Group Holdings Ltd0.23%
Zurich Insurance Group AG0.23%
Barrick Mining Corp0.23%
Tokio Marine Holdings Inc0.22%
Cie De Saint-Gobain0.22%
Sandoz Group AG0.22%
Ubs Group AG0.22%
Bank of Nova Scotia/The0.22%
Swiss Re AG0.21%
Agnico Eagle Mines Ltd0.21%
Anheuser-Busch Inbev Sa/N0.21%
Kbc Group NV0.21%
Nn Group NV0.20%
Glencore PLC0.20%
Swisscom AG0.20%
Safran SA0.19%
Commonwealth Bank of Aust0.19%
Kddi Corp0.19%
Helvetia Baloise Holding0.19%
Royal Bank of Canada0.19%

Only in IDEQ

120 securities, 36.7% of IDEQ by weight

Taiwan Semiconductor Manufac5.14%
Samsung Electronics Co Ltd3.06%
Yuan Renminbi Offshore1.70%
Petrobras Petroleo Bras Pr Preference1.57%
Sk Hynix Inc1.43%
Lazard Govt Mny Mmkt Ins Lzixx0.92%
Tencent Holdings Ltd0.84%
Mediatek Inc0.67%
State Bank of Indi Gdr Reg’s Gdr0.53%
Ferrari NV0.51%
Saudi Energy Co0.51%
Nippon Yusen Kk0.47%
Union Bank of India0.45%
Weichai Power Co Ltd H0.40%
Yunnan Aluminium Co Ltd A0.39%
Delta Electronics Inc0.37%
Beone Medicines Ltd0.36%
Alibaba Group Holding Ltd0.36%
Huaxia Bank Co Ltd A0.36%
Gold Fields Ltd Spons Adr0.34%
Bank of Maharashtra0.33%
Softbank Group Corp0.32%
Life Insurance Corporation0.32%
Tupras Turkiye Petrol Rafine0.32%
Alpha Bank SA0.32%
Intl Container Term Svcs Inc0.31%
Korea Electric Power Corp0.31%
Anglogold Ashanti PLC0.30%
H World Group Ltd Adr0.30%
Asia Vital Components0.29%
South Indian Bank Ltd0.27%
Zijin Mining Group Co Ltd H0.27%
United Microelectronics Corp0.26%
Hd Korea Shipbuilding & Offs0.25%
Mmg Ltd0.25%
Harmony Gold Mng Spon Adr0.24%
Coca Cola Femsa Sab Sp Adr0.24%
Hd Hyundai0.24%
Sincere Navigation0.23%
Accton Technology Corp0.22%
Osotspa Pcl Foreign0.22%
Atour Lifestyle Holdings Adr0.22%
Bharat Heavy Electricals0.22%
Deutsche Rohstoff AG0.22%
Winbond Electronics Corp0.21%
Hana Financial Group0.21%
Vedanta Ltd0.21%
Indus Towers Ltd0.21%
Force Motors Ltd0.21%
Yutong Bus Co Ltd A0.21%

Weight gaps

The 100 widest of 133 Holdings in both funds.

Holding weights in DFIC and IDEQ, widest gap first
Holding	More in DFICMore in IDEQ	DFIC	IDEQ
Asml Holding NV	IDEQ +2.50 points	0.07%	2.57%
Japan Post Holdings Co Lt	IDEQ +2.20 points	0.03%	2.23%
Roche Holding AG	IDEQ +1.75 points	0.70%	2.45%
Bnp Paribas SA	IDEQ +1.59 points	0.14%	1.73%
Vinci SA	IDEQ +1.46 points	0.22%	1.68%
Loblaw Cos Ltd	IDEQ +1.39 points	0.07%	1.46%
Natwest Group PLCNWG.L	IDEQ +1.38 points	0.06%	1.44%
Banco Santander SA	IDEQ +1.27 points	0.19%	1.46%
Telefonaktiebolaget Lm ErERIC	IDEQ +1.19 points	<0.01%	1.19%
Manulife Financial Corp	IDEQ +1.17 points	0.03%	1.20%
Legal & General Group PLCLGEN.L	IDEQ +1.16 points	0.09%	1.25%
Astrazeneca PLCAZN.L	IDEQ +1.06 points	0.06%	1.12%
Gsk PLCGSK.L	IDEQ +1.07 points	0.20%	1.27%
Gea Group AG	IDEQ +1.06 points	0.11%	1.17%
Suncor Energy Inc	IDEQ +1.06 points	<0.01%	1.06%
Ntt Inc	IDEQ +1.00 points	0.03%	1.03%
Caixabank SA	IDEQ +0.86 points	0.14%	1.00%
Ipsen SA	IDEQ +0.85 points	0.06%	0.91%
Shopify Inc	IDEQ +0.85 points	0.03%	0.88%
Boc Hong Kong Holdings Lt	IDEQ +0.85 points	0.03%	0.88%
Canon Inc	IDEQ +0.81 points	0.04%	0.85%
Imperial Brands PLCIMB.L	IDEQ +0.78 points	0.13%	0.91%
Bandai Namco Holdings Inc	IDEQ +0.78 points	0.06%	0.84%
Intesa Sanpaolo Spa	IDEQ +0.74 points	0.15%	0.89%
Deutsche Bank AG	IDEQ +0.70 points	0.03%	0.73%
Abb Ltd	IDEQ +0.69 points	0.22%	0.91%
Siemens Energy AG	IDEQ +0.69 points	0.24%	0.93%
Koninklijke Ahold Delhaiz	IDEQ +0.67 points	0.13%	0.80%
Barrick Mining Corp	IDEQ +0.66 points	<0.01%	0.66%
Standard Chartered PLCSTAN.L	IDEQ +0.65 points	0.23%	0.88%
Totalenergies SE	DFIC +0.65 points	0.76%	0.11%
Thales SA	IDEQ +0.65 points	0.07%	0.72%
Kinross Gold Corp	IDEQ +0.60 points	<0.01%	0.61%
Hydro One Ltd	IDEQ +0.56 points	0.02%	0.58%
Ucb SA	IDEQ +0.53 points	0.13%	0.66%
Societe Generale SA	IDEQ +0.49 points	0.19%	0.68%
Perseus Mining Ltd	IDEQ +0.47 points	0.06%	0.53%
Asm International NV	IDEQ +0.47 points	0.14%	0.61%
Cathay Pacific Airways Lt	IDEQ +0.43 points	0.03%	0.46%
Fast Retailing Co Ltd	IDEQ +0.42 points	0.12%	0.54%
First Resources Ltd	IDEQ +0.41 points	0.02%	0.43%
Lloyds Banking Group PLCLLOY.L	IDEQ +0.40 points	0.04%	0.44%
Honda Motor Co Ltd	IDEQ +0.41 points	0.05%	0.46%
Softbank Corp	IDEQ +0.40 points	0.09%	0.49%
Sony Group Corp	IDEQ +0.40 points	0.33%	0.73%
Bae Systems PLCBA.L	IDEQ +0.39 points	0.18%	0.57%
Novartis AG	IDEQ +0.39 points	0.07%	0.46%
Kyuden Holdings Inc	IDEQ +0.38 points	0.03%	0.41%
Knorr-Bremse AG	IDEQ +0.37 points	0.05%	0.42%
Novo Nordisk A/S	IDEQ +0.36 points	0.17%	0.53%
Japan Tobacco Inc	IDEQ +0.35 points	0.11%	0.46%
Joshin Corp Npv	IDEQ +0.34 points	<0.01%	0.34%
Sumitomo Chemical Co Ltd	IDEQ +0.33 points	0.05%	0.38%
Ia Financial Corp Inc	IDEQ +0.32 points	0.14%	0.46%
T&D Holdings Inc	IDEQ +0.31 points	0.05%	0.36%
Recruit Holdings Co Ltd	IDEQ +0.32 points	0.30%	0.62%
Hsbc Holdings PLCHSBA.L	IDEQ +0.31 points	0.08%	0.39%
Kioxia Holdings Corp	IDEQ +0.30 points	0.05%	0.35%
Ubs Group AG	IDEQ +0.30 points	<0.01%	0.31%
Commerzbank AG	IDEQ +0.30 points	0.02%	0.32%
Nordex SE	IDEQ +0.28 points	0.05%	0.33%
Var Energi Asa	IDEQ +0.26 points	<0.01%	0.27%
West African Resources Lt	IDEQ +0.26 points	0.04%	0.30%
Dno Asa	IDEQ +0.25 points	0.02%	0.27%
Aegon Ltd	IDEQ +0.25 points	0.01%	0.26%
Barclays PLCBARC.L	IDEQ +0.25 points	0.22%	0.47%
Mitsubishi Electric Corp	IDEQ +0.25 points	0.06%	0.31%
Sanofi	IDEQ +0.25 points	0.10%	0.35%
Golden Agri-Resources Ltd	IDEQ +0.23 points	0.02%	0.25%
Brp Inc	IDEQ +0.23 points	<0.01%	0.23%
Beach Energy Ltd	IDEQ +0.21 points	<0.01%	0.22%
Aisin Corp	IDEQ +0.21 points	0.04%	0.25%
Unicredit Spa	DFIC +0.20 points	0.34%	0.14%
Srg Global Ltd	IDEQ +0.20 points	0.01%	0.21%
Toronto-Dominion Bank/The	IDEQ +0.20 points	0.03%	0.23%
Royal Bank of Canada	DFIC +0.19 points	0.64%	0.45%
Hitachi Ltd	DFIC +0.18 points	0.31%	0.13%
Banco Bilbao Vizcaya Arge	IDEQ +0.19 points	0.06%	0.25%
Mitsui Osk Lines Ltd	IDEQ +0.17 points	<0.01%	0.18%
Regis Resources Ltd	IDEQ +0.17 points	0.05%	0.22%
Hong Leong Asia Ltd	IDEQ +0.17 points	<0.01%	0.17%
Bank of East Asia Ltd/The	IDEQ +0.17 points	0.02%	0.19%
Panasonic Holdings Corp	IDEQ +0.16 points	0.09%	0.25%
Aker Bp Asa	IDEQ +0.16 points	0.05%	0.21%
Prudential PLCPRU.L	IDEQ +0.16 points	0.03%	0.19%
Bayer AG	DFIC +0.15 points	0.36%	0.21%
Groupe Dynamite Inc	IDEQ +0.16 points	<0.01%	0.16%
Aritzia Inc	IDEQ +0.15 points	0.09%	0.24%
Tasmea Ltd	IDEQ +0.14 points	<0.01%	0.14%
World Co Ltd	IDEQ +0.14 points	<0.01%	0.15%
Boliden Ab	IDEQ +0.14 points	0.11%	0.25%
Celestica Inc	IDEQ +0.13 points	0.12%	0.25%
Henderson Land Developmen	IDEQ +0.13 points	0.01%	0.14%
Daiwa Securities Group In	IDEQ +0.13 points	0.06%	0.19%
Rolls-Royce Holdings PLCRR.L	IDEQ +0.12 points	0.39%	0.51%
Ly Corp	IDEQ +0.12 points	0.03%	0.15%
Kirin Holdings Co Ltd	IDEQ +0.12 points	0.07%	0.19%
Rea Group Ltd	IDEQ +0.11 points	0.02%	0.13%
Precision Drilling	IDEQ +0.12 points	0.01%	0.13%
Bravura Solutions Ltd	IDEQ +0.11 points	<0.01%	0.12%

All 4,139 DFIC holdings⁠All 251 IDEQ 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.

DFIC vs IDEQ Cost

Overpaying IDEQ vs DFIC

$3,532

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

DFIC 0.22%
$4,558
IDEQ 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

DFIC 0.22%
IDEQ 0.40%
Overpaying

Year by year

Year	DFIC	IDEQ	Overpaying
10	$401	$723	$322
20	$1,561	$2,793	$1,232
30	$4,558	$8,090	$3,532

Expense ratio

0.22%DFIC, cheaper
0.40%IDEQ

DFIC0.22%IDEQ0.40%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

IDEQ 14th cheapest of 55 funds

DFIC vs IDEQ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFIC 2.55%, better; IDEQ 1.39%
Payout (12M): DFIC $0.96; IDEQ $0.46
Last payment: DFIC $0.19; IDEQ $0.28
Ex-dividend: DFIC Sep 22, 2026; IDEQ Jun 18, 2026
Paid on: DFIC Sep 24, 2026; IDEQ Jun 22, 2026
Frequency: DFIC Quarterly; IDEQ Twice a year

Distribution history

Per share, 2022 to 2026, same scale for both

DFICQuarterly · 18 paymentsAll DFIC payments⁠

IDEQTwice a year · 3 paymentsAll IDEQ payments⁠

DFIC vs IDEQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFIC 11.9%IDEQ 15.3%since Jun 2025
Return per unit of riskSharpe ratio, 3 years: DFIC 1.35IDEQ 1.13since Jun 2025
Worst fallMax drawdown, 5 years: DFIC −24.4%since Mar 2022IDEQ −13.0%since May 2025
Market sensitivityBeta, 5 years: DFIC 0.92IDEQ 0.77; Market = 1

DFIC and IDEQ in the news

All news⁠

ETF Filings
Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank
Sep 18, 2026DFIC

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DFIC vs IDEQ

In short

Stated mandate

Why people hold it

Worth knowing

How DFIC and IDEQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in IDEQ

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank

How DFIC and IDEQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in IDEQ

Weight gaps