DFIC vs MFSI: Grades, Fees and Holdings Compared

Dimensional International Core Equity 2 ETF

DFICACboe

MFS Active International ETF

MFSICNYSE

Overlap

10.5%by weight

Expense ratio

DFIC −0.37pt a year

DFIC0.22%MFSI0.59%

Avg volume · 30D

DFIC 8.5×the volume

DFIC1.85MMFSI218K

DFIC vs MFSI Performance

Oct 31, 2025 – Nov 2, 2026

+17.4%DFIC+10.9%MFSI

Expense ratio: DFIC 0.22%, better; MFSI 0.59%
Fund size: DFIC $15.3B; MFSI $1.27B
1Y total return: DFIC +17.4%, better; MFSI +10.9%
Yield (12M): DFIC 2.54%, better; MFSI 0.77%
Holdings: DFIC 4144; MFSI 94
Avg volume (30D): DFIC 1.85M sh, better; MFSI 218K sh
NAV per share: DFIC $37.60; MFSI $32.59
52W range

ETF.net Grade

Pillar letters and Scores for DFIC, MFSI, with each pillar’s weight
Pillar	DFIC	MFSI
Cost30% weight	A98Higher	C43
Mission25% weight	A100	Not scored
Risk15% weight	B69Higher	C52
Tradability15% weight	A80Higher	B56
Holdings10% weight	A91Higher	B58
Durability5% weight	A90Higher	B61

Rank among International Active Equity funds

How we build Categories ›

Same Category. DFIC and MFSI 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 MFSI 26th 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 25CIMOMAlpha Architect International Quantitative Momentum ETFScore 53
Rank 26CMFSIMFS Active International ETFScore 50
Rank 27COSEAHarbor International Compounders ETF (OSEA)Score 49

DFIC vs MFSI Holdings

How DFIC and MFSI differ

Overlap by weight

10.5%

Shared holdings make up 66.9% of MFSI and 10.6% of DFIC.

Level by level

Holdings65 in both10.5%
Countryby domicile64.5%
Sector11 Sectors83.6%
Asset classEquity100%

Sector

Sector weights in DFIC and MFSI, widest gap first
Sector	More in DFICMore in MFSI	DFIC	MFSI
Technology	MFSI +11.2 points	8.4%	19.6%
Materials	DFIC +5.2 points	11.0%	5.8%
Financials	MFSI +4.5 points	21.8%	26.3%
Industrials	DFIC +4.2 points	19.3%	15.1%
Energy	DFIC +2.7 points	7.8%	5.1%
Utilities	DFIC +1.9 points	3.2%	1.3%
Real Estate	DFIC +1.6 points	1.6%	0.0%
Communication	DFIC +0.8 points	4.1%	3.3%
Consumer Discretionary	MFSI +0.5 points	9.4%	9.9%
Consumer Staples	MFSI +0.2 points	6.3%	6.5%
Health Care	DFIC +0.1 points	7.2%	7.1%

Country, concentration and asset class

Country by domicile

Country weights in DFIC and MFSI, widest gap first
Country	More in DFICMore in MFSI	DFIC	MFSI
Taiwan	MFSI +9.0 points	0.0%	9.0%
Japan	DFIC +7.6 points	24.4%	16.8%
China	MFSI +6.7 points	0.2%	6.9%
Canada	DFIC +6.4 points	11.6%	5.2%
Australia	DFIC +5.0 points	5.9%	0.9%
France	MFSI +4.5 points	6.1%	10.6%
South Korea	MFSI +3.4 points	0.0%	3.4%
Netherlands	DFIC +3.0 points	3.6%	0.6%
Other countries (24)	DFIC +1.5 points	48.2%	46.7%

Outside the US: DFIC 98% developed, 2% emerging. MFSI 74% developed, 26% emerging.

Concentration

Weight in the 10 largest Holdings

DFIC7.1%
MFSI26.3%

Securities held

DFIC4,125
MFSI93

Asset class

DFIC: Equity
MFSI: Equity

Holdings

Only in DFIC4,060
In both65
Only in MFSI28

Only in DFIC

4,060 securities, 89.0% of DFIC by weight

Shell PLC1.17%
Asml Holding NV1.02%
Novartis AG Adr0.77%
Royal Bank of Canada0.64%
Allianz SE0.50%
Toyota Motor Corp0.47%
Bp PLC0.44%
Suncor Energy Inc.0.42%
Banco Bilbao Vizcaya Arge0.40%
Bhp Group Ltd0.39%
Deutsche Telekom AG0.39%
Bayer AG0.39%
Hsbc Holdings PLC0.38%
Canadian Natural Resource0.38%
Mitsubishi Ufj Financial0.36%
Astrazeneca PLC0.36%
Unicredit Spa0.34%
Basf SE0.33%
Tesco PLC0.32%
Recruit Holdings Co Ltd0.31%
Dhl AG0.30%
E.on SE0.29%
Infineon Technologies AG0.29%
Repsol SA0.28%
Cenovus Energy Inc0.28%
Orange SA0.26%
Muenchener Rueckversicher0.26%
Siemens AG0.26%
National Bank of Canada0.25%
Bhp Group Ltd0.24%
Tokyo Electron Ltd0.23%
Dbs Group Holdings Ltd0.23%
Tokio Marine Holdings Inc0.23%
Standard Chartered PLC0.23%
Siemens Energy AG0.23%
Vinci SA0.22%
Swiss Re AG0.22%
Anheuser-Busch Inbev Sa/N0.22%
Barrick Mining Corp0.22%
Sandoz Group AG0.22%
Barclays PLC0.22%
Aib Group PLC0.21%
Bank of Nova Scotia/The0.21%
Abb Ltd0.21%
Fairfax Financial Holding0.21%
Kbc Group NV0.21%
Agnico Eagle Mines Ltd0.20%
Swisscom AG0.20%
Nn Group NV0.20%
Kddi Corp0.20%

Only in MFSI

28 securities, 32.2% of MFSI by weight

Taiwan Semiconductor Sp Adr7.25%
Samsung Electronics Co Ltd3.23%
Tencent Holdings Ltd Uns Adr2.04%
Check Point Software Tech1.72%
Compass Group PLC1.59%
Aia Groupltd Sp Adr1.30%
Tesco PLC1.30%
Dbs Groupholdings Ltd1.17%
Ryanair Holdings PLC Sp Adr1.13%
Hon Hai Precision Industry1.08%
Credicorpltd0.87%
Netease Inc Adr0.85%
Gerdau Saspon Adr0.81%
Kotak Mahindra Bank Ltd0.80%
Hdfc Bankltd Adr0.75%
Anta Sports Products Ltd0.66%
Pdd Holdings Inc0.65%
Haier Smart Home Co Ltd H0.64%
Banco Bradesco Adr0.59%
Reliance Industries Limited0.58%
Kweichow Moutai Co Ltd A0.58%
Inner Mongolia Yili Indus A0.56%
Yum Chinaholdings Inc0.45%
B3 SA Brasil Bolsa Balcao0.45%
China Resources Beer Holding0.39%
Mahindra +mahindra Ltd0.32%
Byd Co Ltdunsponsored Adr0.22%
Qiagen N.v.0.20%

Weight gaps

All 65 Holdings in both funds, largest gap first.

Holding weights in DFIC and MFSI, widest gap first
Holding	More in DFICMore in MFSI	DFIC	MFSI
Novartis AG	MFSI +2.02 points	0.07%	2.09%
Hitachi Ltd	MFSI +1.66 points	0.32%	1.98%
Cie Financiere Richemont	MFSI +1.64 points	0.13%	1.77%
Ing Groep NV	MFSI +1.58 points	0.14%	1.72%
Schneider Electric SE	MFSI +1.57 points	0.11%	1.68%
Toronto-Dominion BankTD	MFSI +1.55 points	0.36%	1.91%
Eni Spa	MFSI +1.54 points	0.30%	1.84%
Sompo Holdings Inc	MFSI +1.50 points	0.11%	1.61%
Roche Holding AG	MFSI +1.47 points	0.71%	2.18%
Air Liquide SA	MFSI +1.44 points	0.18%	1.62%
Mitsubishi Electric Corp	MFSI +1.44 points	0.06%	1.50%
Intesa Sanpaolo Spa	MFSI +1.40 points	0.15%	1.55%
Sap SE	MFSI +1.37 points	0.09%	1.46%
Natwest Group PLCNWG.L	MFSI +1.36 points	0.05%	1.41%
Merck Kgaa	MFSI +1.29 points	0.02%	1.31%
Rolls-Royce Holdings PLCRR.L	MFSI +1.27 points	0.38%	1.65%
Bnp Paribas SA	MFSI +1.26 points	0.14%	1.40%
Sumitomo Mitsui Financial	MFSI +1.25 points	0.16%	1.41%
Totalenergies SE	MFSI +1.20 points	0.78%	1.98%
Kone Oyj	MFSI +1.19 points	0.06%	1.25%
Bank of Ireland Group PLC	MFSI +1.18 points	0.14%	1.32%
Sonova Holding AG	MFSI +1.04 points	0.09%	1.13%
British American TobaccoBTI	MFSI +1.03 points	0.09%	1.12%
Engie SA	MFSI +1.00 points	0.28%	1.28%
Ubs Group AGUBS	MFSI +0.99 points	0.22%	1.21%
Experian PLCEXPN.L	MFSI +1.00 points	0.09%	1.09%
Banco Bilbao Vizcaya Arge	MFSI +0.98 points	0.06%	1.04%
Seven & I Holdings Co Ltd	MFSI +0.98 points	0.10%	1.08%
Deutsche Boerse AG	MFSI +0.95 points	0.19%	1.14%
Shin-Etsu Chemical Co Ltd	MFSI +0.91 points	0.13%	1.04%
Amadeus It Group SA	MFSI +0.88 points	0.08%	0.96%
Sony Group Corp	MFSI +0.83 points	0.34%	1.17%
Suzuki Motor Corp	MFSI +0.82 points	0.15%	0.97%
Daikin Industries Ltd	MFSI +0.79 points	0.09%	0.88%
Relx PLCREL.L	MFSI +0.79 points	<0.01%	0.79%
Franco-Nevada CorpFNV	MFSI +0.79 points	0.07%	0.86%
Gsk PLCGSK.L	MFSI +0.77 points	0.21%	0.98%
Cgi Inc	MFSI +0.75 points	<0.01%	0.75%
Advantest Corp	MFSI +0.73 points	0.31%	1.04%
Woodside Energy Group Ltd	MFSI +0.71 points	0.17%	0.88%
Terumo Corp	MFSI +0.67 points	0.07%	0.74%
Ly Corp	MFSI +0.56 points	0.03%	0.59%
Denso Corp	MFSI +0.54 points	0.04%	0.58%
Hoya Corp	MFSI +0.53 points	0.11%	0.64%
Intact Financial Corp	MFSI +0.52 points	0.24%	0.76%
Cie De Saint-Gobain	MFSI +0.52 points	0.22%	0.74%
Royal Bank of CanadaRY	MFSI +0.51 points	0.19%	0.70%
Lvmh Moet Hennessy Louis	MFSI +0.51 points	0.18%	0.69%
Fujifilm Holdings Corp	MFSI +0.50 points	0.06%	0.56%
Bridgestone Corp	MFSI +0.46 points	0.10%	0.56%
Pernod Ricard SA	MFSI +0.44 points	0.08%	0.52%
London Stock Exchange GroLSEG.L	MFSI +0.41 points	0.11%	0.52%
Edenred	MFSI +0.40 points	0.03%	0.43%
Prudential PLCPRU.L	MFSI +0.36 points	0.03%	0.39%
Beiersdorf AG	MFSI +0.36 points	0.05%	0.41%
Zurich Insurance Group AG	MFSI +0.36 points	0.23%	0.59%
Rio Tinto PLCRIO.L	MFSI +0.35 points	0.29%	0.64%
Wolters Kluwer NV	MFSI +0.24 points	0.05%	0.29%
Glencore PLCGLEN.L	MFSI +0.23 points	0.20%	0.43%
Sands China Ltd	MFSI +0.23 points	0.01%	0.24%
Hong Kong Exchanges & Cle	MFSI +0.20 points	0.09%	0.29%
Heineken NV	MFSI +0.19 points	0.08%	0.27%
Novo Nordisk A/S	MFSI +0.16 points	0.17%	0.33%
Mtu Aero Engines AG	MFSI +0.14 points	0.13%	0.27%
Nestle SA	DFIC +0.05 points	0.66%	0.61%

All 4,139 DFIC holdings⁠All MFSI 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 MFSI Cost

Overpaying MFSI vs DFIC

$7,077

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

DFIC 0.22%
$4,558
MFSI 0.59%
$11,635

Amount$10,000

Years30 years

Cost over time

DFIC 0.22%
MFSI 0.59%
Overpaying

Year by year

Year	DFIC	MFSI	Overpaying
10	$401	$1,058	$657
20	$1,561	$4,051	$2,490
30	$4,558	$11,635	$7,077

Expense ratio

0.22%DFIC, cheaper
0.59%MFSI

DFIC0.22%MFSI0.59%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

MFSI 31st cheapest of 55 funds

DFIC vs MFSI Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DFIC 2.54%, better; MFSI 0.77%
Payout (12M): DFIC $0.96; MFSI $0.25
Last payment: DFIC $0.19; MFSI $0.01
Ex-dividend: DFIC Sep 22, 2026; MFSI Jul 31, 2026
Paid on: DFIC Sep 24, 2026; MFSI Aug 3, 2026
Frequency: DFIC Quarterly; MFSI Twice a year

Distribution history

Per share, 2022 to 2026, same scale for both

DFICQuarterly · 18 paymentsAll DFIC payments⁠

MFSITwice a year · 3 paymentsAll MFSI payments⁠

DFIC vs MFSI 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%MFSI 10.3%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: DFIC 1.35MFSI 1.26since Jan 2025
Worst fallMax drawdown, 5 years: DFIC −24.4%since Mar 2022MFSI −13.7%since Dec 2024
Market sensitivityBeta, 5 years: DFIC 0.92MFSI 0.53; Market = 1

DFIC and MFSI 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

Popular comparisons

DFICAvsAVDEA
Dimensional International Core Equity 2 ETF · Avantis International Equity ETF
Expense ratio
0.22% · 0.23%
Category
MFSICvsAVDEA
MFS Active International ETF · Avantis International Equity ETF
Expense ratio
0.59% · 0.23%
Category
DFICAvsJIREA
Dimensional International Core Equity 2 ETF · JPMorgan International Research Enhanced Equity ETF
Expense ratio
0.22% · 0.29%
Category
MFSICvsJIREA
MFS Active International ETF · JPMorgan International Research Enhanced Equity ETF
Expense ratio
0.59% · 0.29%
Category
DFICAvsAVDSA
Dimensional International Core Equity 2 ETF · Avantis International Small Cap Equity ETF
Expense ratio
0.22% · 0.30%
Category
MFSICvsAVDSA
MFS Active International ETF · Avantis International Small Cap Equity ETF
Expense ratio
0.59% · 0.30%
Category

DFIC vs MFSI

How DFIC and MFSI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in MFSI

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 MFSI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in MFSI

Weight gaps