DFIC vs NBIE: Grades, Fees and Holdings Compared

Dimensional International Core Equity 2 ETF

DFICACboe

Neuberger International Core Equity ETF

NBIECNYSE Arca

Overlap

22.2%by weight

Expense ratio

DFIC −0.65pt a year

DFIC0.22%NBIE0.87%

Avg volume · 30D

DFIC 57.3×the volume

DFIC1.85MNBIE32.3K

DFIC vs NBIE Performance

Jul 31, 2026 – Oct 30, 2026

−1.2%DFIC−2.4%NBIE

Expense ratio: DFIC 0.22%, better; NBIE 0.87%
Fund size: DFIC $15.3B; NBIE $232M
1Y total return: DFIC +16.8%; NBIE No data
Yield (12M): DFIC 2.55%; NBIE No data
Holdings: DFIC 4152; NBIE 256
Avg volume (30D): DFIC 1.85M sh, better; NBIE 32.3K sh
NAV per share: DFIC $37.56; NBIE $26.72
52W range

ETF.net Grade

Pillar letters and Scores for DFIC, NBIE, with each pillar’s weight
Pillar	DFIC	NBIE
Cost30% weight	A98Higher	F12
Mission25% weight	A100	Not scored
Risk15% weight	B69	A70Higher
Tradability15% weight	A81Higher	B69
Holdings10% weight	A91Higher	A74
Durability5% weight	A91Higher	C50

Rank among International Active Equity funds

How we build Categories ›

Same Category. DFIC and NBIE 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 NBIE 32nd 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 30CTINSTempleton International Insights ETFScore 47
Rank 32CNBIENeuberger International Core Equity ETFScore 45
Rank 33CQLTIGMO International Quality ETFScore 41

DFIC vs NBIE Holdings

How DFIC and NBIE differ

Overlap by weight

22.2%

Shared holdings make up 92.7% of NBIE and 23.2% of DFIC.

Level by level

Holdings223 in both22.2%
Countryby domicile88.6%
Asset classEquity100%

Sector

No Sector split for NBIE.

Country, concentration and asset class

Country by domicile

Country weights in DFIC and NBIE, widest gap first
Country	More in DFICMore in NBIE	DFIC	NBIE
Japan	DFIC +3.5 points	24.4%	20.9%
United Kingdom	NBIE +2.8 points	11.4%	14.2%
Spain	NBIE +2.1 points	2.8%	4.9%
Germany	DFIC +1.5 points	7.3%	5.8%
Netherlands	NBIE +1.4 points	3.6%	5.0%
France	NBIE +1.3 points	6.1%	7.4%
Switzerland	NBIE +1.1 points	8.0%	9.1%
Italy	NBIE +1.1 points	3.3%	4.4%
Other countries (20)	DFIC +4.9 points	33.1%	28.2%

Outside the US: DFIC 98% developed, 2% emerging. NBIE 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

DFIC7.1%
NBIE19.5%

Securities held

DFIC4,131
NBIE250

Asset class

DFIC: Equity
NBIE: Equity

Holdings

Only in DFIC3,908
In both223
Only in NBIE27

Only in DFIC

3,908 securities, 76.3% of DFIC by weight

Shell PLC1.15%
Asml Holding NV1.09%
Novartis AG Adr0.76%
Nestle SA0.64%
Toyota Motor Corp0.46%
Bp PLC0.44%
Banco Bilbao Vizcaya Arge0.41%
Suncor Energy Inc.0.41%
Hsbc Holdings PLC0.39%
Canadian Natural Resource0.37%
Toronto-Dominion Bank0.37%
Bayer AG0.36%
Basf SE0.33%
Astrazeneca PLC0.33%
Tesco PLC0.31%
Infineon Technologies AG0.31%
Eni Spa0.30%
E.on SE0.29%
Engie SA0.28%
Cenovus Energy Inc0.27%
Repsol SA0.27%
Orange SA0.26%
Muenchener Rueckversicher0.25%
Bhp Group Ltd0.25%
Intact Financial Corp0.24%
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%
Banco Santander SA0.19%
Commonwealth Bank of Aust0.19%
Volvo Ab0.19%
Helvetia Baloise Holding0.19%
Royal Bank of Canada0.19%
Societe Generale SA0.19%
Deutsche Boerse AG0.18%
Publicis Groupe SA0.18%
Unilever PLC0.18%
Airbus SE0.18%
Bper Banca0.18%

Only in NBIE

27 securities, 7.2% of NBIE by weight

Tesco PLC Common Stock GBP.06333331.12%
Orix Corp Common Stock0.88%
Coca Cola Europacific Partne Common Stock0.73%
Ryanair Holdings PLC Common Stock0.53%
Heineken Holding NV Common Stock0.44%
Power Corp of Canada Common Stock0.31%
Kyocera Corp Common Stock0.30%
Enbridge Inc Common Stock0.29%
Unibail Rodamco Westfield Reit0.26%
Intercontinental Hotels Grou Common Stock GBP.20852130.23%
Klepierre Reit0.21%
Cenovus Energy Inc Common Stock0.21%
Magna International Inc Common Stock0.20%
GBP9999990.20%
Intl Consolidated Airline Di Common Stock0.19%
Igm Financial Inc Common Stock0.18%
JPY9999990.18%
Industrivarden Ab A Shs Common Stock SEK2.50.14%
State Str Instl Invt Tr Treasury Plus Fd Premier Class0.13%
Tenaris SA Common Stock0.11%
Groupe Bruxelles Lambert NV Common Stock0.11%
SEK9999990.06%
Nutrien Ltd Common Stock0.05%
Industrivarden Ab C Shs Common Stock SEK2.50.05%
ILS9999990.04%
CAD999999<0.01%
HKD999999<0.01%

Weight gaps

The 100 widest of 223 Holdings in both funds.

Holding weights in DFIC and NBIE, widest gap first
Holding	More in DFICMore in NBIE	DFIC	NBIE
Asml Holding NV	NBIE +3.67 points	0.07%	3.74%
Novartis AG	NBIE +2.21 points	0.07%	2.28%
Shell PLCSHEL.L	NBIE +2.11 points	0.12%	2.23%
Roche Holding AG	NBIE +1.80 points	0.70%	2.50%
Bhp Group Ltd	NBIE +1.47 points	0.39%	1.86%
Ubs Group AG	NBIE +1.32 points	<0.01%	1.33%
Abb Ltd	NBIE +1.24 points	0.22%	1.46%
Gsk PLCGSK.L	NBIE +1.22 points	0.20%	1.42%
Kddi Corp	NBIE +1.12 points	0.19%	1.31%
Natwest Group PLCNWG.L	NBIE +1.11 points	0.06%	1.17%
Intesa Sanpaolo Spa	NBIE +1.11 points	0.15%	1.26%
Enel Spa	NBIE +1.08 points	0.16%	1.24%
Dhl AG	NBIE +1.08 points	0.30%	1.38%
Bridgestone Corp	NBIE +1.02 points	0.10%	1.12%
Sompo Holdings Inc	NBIE +1.01 points	0.11%	1.12%
Mitsubishi Ufj Financial	NBIE +0.99 points	0.36%	1.35%
Industria De Diseno Texti	NBIE +0.98 points	0.11%	1.09%
Toronto-Dominion Bank/The	NBIE +0.96 points	0.03%	0.99%
Canon Inc	NBIE +0.95 points	0.04%	0.99%
Vinci SA	NBIE +0.92 points	0.22%	1.14%
Generali	NBIE +0.92 points	0.06%	0.98%
Axa SA	NBIE +0.91 points	0.09%	1.00%
Banco Bilbao Vizcaya Arge	NBIE +0.91 points	0.06%	0.97%
Telefonaktiebolaget Lm Er	NBIE +0.89 points	0.11%	1.00%
Sanofi	NBIE +0.83 points	0.10%	0.93%
Dbs Group Holdings Ltd	NBIE +0.82 points	0.23%	1.05%
Shopify Inc	NBIE +0.80 points	0.03%	0.83%
Sap SE	NBIE +0.67 points	0.09%	0.76%
Hoya Corp	NBIE +0.67 points	0.11%	0.78%
Deutsche Telekom AG	NBIE +0.67 points	0.38%	1.05%
Michelin	NBIE +0.66 points	0.15%	0.81%
Fortescue Ltd	NBIE +0.64 points	0.06%	0.70%
Relx PLCREL.L	NBIE +0.63 points	<0.01%	0.63%
Allianz SE	NBIE +0.61 points	0.49%	1.10%
Canadian Natural Resource	NBIE +0.58 points	<0.01%	0.59%
Aena Sme SA	NBIE +0.56 points	0.06%	0.62%
Suncor Energy Inc	NBIE +0.55 points	<0.01%	0.55%
Kioxia Holdings Corp	NBIE +0.54 points	0.05%	0.59%
Endesa SA	NBIE +0.54 points	0.05%	0.59%
Komatsu Ltd	NBIE +0.53 points	0.12%	0.65%
Imperial Brands PLCIMB.L	NBIE +0.53 points	0.13%	0.66%
Sumitomo Corp	NBIE +0.53 points	0.05%	0.58%
MS&AD Insurance Group Hol	NBIE +0.50 points	0.12%	0.62%
Ing Groep NV	NBIE +0.50 points	0.14%	0.64%
Canadian Imperial Bank of	NBIE +0.48 points	0.05%	0.53%
Telstra Corp Ltd	NBIE +0.49 points	0.03%	0.52%
Hitachi Ltd	NBIE +0.48 points	0.31%	0.79%
Advantest Corp	NBIE +0.47 points	0.33%	0.80%
Royal Bank of Canada	NBIE +0.47 points	0.64%	1.11%
Tokyo Electron Ltd	NBIE +0.46 points	0.24%	0.71%
Agnico Eagle Mines Ltd	NBIE +0.46 points	<0.01%	0.46%
Reckitt Benckiser Group PRKT.L	NBIE +0.45 points	0.15%	0.60%
Sandvik Ab	NBIE +0.43 points	0.07%	0.50%
Canadian National Railway	NBIE +0.43 points	0.01%	0.44%
Bank of Nova Scotia/The	NBIE +0.42 points	0.02%	0.44%
Boc Hong Kong Holdings Lt	NBIE +0.42 points	0.03%	0.45%
Next PLCNXT.L	NBIE +0.41 points	0.09%	0.50%
Safran SA	NBIE +0.41 points	0.19%	0.60%
Manulife Financial Corp	NBIE +0.40 points	0.03%	0.43%
Barrick Mining Corp	NBIE +0.39 points	<0.01%	0.39%
Koninklijke Ahold Delhaiz	NBIE +0.36 points	0.13%	0.49%
Recruit Holdings Co Ltd	NBIE +0.35 points	0.30%	0.65%
Amadeus It Group SA	NBIE +0.35 points	0.08%	0.43%
Logitech International SA	NBIE +0.35 points	<0.01%	0.35%
Aercap Holdings NVAER	NBIE +0.33 points	<0.01%	0.33%
Wesfarmers Ltd	NBIE +0.31 points	0.10%	0.41%
Caixabank SA	NBIE +0.30 points	0.14%	0.44%
Sumitomo Mitsui Trust	NBIE +0.30 points	0.10%	0.40%
Cgi Inc	NBIE +0.29 points	<0.01%	0.29%
Astellas Pharma Inc	NBIE +0.29 points	0.14%	0.43%
Rio Tinto PLCRIO.L	NBIE +0.28 points	0.29%	0.57%
Ap Moller - Maersk A/S	NBIE +0.27 points	0.05%	0.32%
Barclays PLCBARC.L	NBIE +0.27 points	0.22%	0.49%
Daiwa Securities Group In	NBIE +0.27 points	0.06%	0.33%
Nordea Bank Abp	NBIE +0.26 points	0.19%	0.45%
Brambles Ltd	NBIE +0.26 points	0.07%	0.33%
Bank of Montreal	NBIE +0.27 points	0.10%	0.37%
Yokogawa Electric Corp	NBIE +0.25 points	0.03%	0.28%
Dnb Bank Asa	NBIE +0.25 points	0.04%	0.29%
Brookfield Corp	NBIE +0.25 points	<0.01%	0.25%
Bae Systems PLCBA.L	NBIE +0.25 points	0.18%	0.43%
Oversea-Chinese Banking C	NBIE +0.24 points	0.10%	0.34%
Kinross Gold Corp	NBIE +0.24 points	<0.01%	0.25%
Imperial Oil Ltd	NBIE +0.24 points	<0.01%	0.24%
Kingfisher PLCKGF.L	NBIE +0.23 points	0.09%	0.32%
Murata Manufacturing Co L	NBIE +0.23 points	0.12%	0.35%
Danske Bank A/S	NBIE +0.23 points	0.11%	0.34%
Hennes & Mauritz Ab	NBIE +0.23 points	0.01%	0.24%
Makita Corp	NBIE +0.22 points	0.02%	0.24%
Mitsubishi Electric Corp	NBIE +0.22 points	0.06%	0.28%
Standard Chartered PLCSTAN.L	NBIE +0.21 points	0.23%	0.44%
Henkel AG & Co Kgaa	NBIE +0.21 points	0.05%	0.26%
Sea LtdSE	NBIE +0.21 points	0.01%	0.22%
Computershare Ltd	NBIE +0.21 points	0.04%	0.25%
Bank Hapoalim Bm	NBIE +0.20 points	0.11%	0.31%
George Weston Ltd	NBIE +0.20 points	0.05%	0.25%
Loblaw Cos Ltd	NBIE +0.20 points	0.07%	0.27%
Osaka Gas Co Ltd	NBIE +0.20 points	0.02%	0.22%
Hsbc Holdings PLCHSBA.L	NBIE +0.18 points	0.08%	0.26%
Kirin Holdings Co Ltd	NBIE +0.18 points	0.07%	0.25%

All 4,139 DFIC holdings⁠All 243 NBIE 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 NBIE Cost

Overpaying NBIE vs DFIC

$11,978

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

DFIC 0.22%
$4,558
NBIE 0.87%
$16,536

Amount$10,000

Years30 years

Cost over time

DFIC 0.22%
NBIE 0.87%
Overpaying

Year by year

Year	DFIC	NBIE	Overpaying
10	$401	$1,542	$1,141
20	$1,561	$5,830	$4,269
30	$4,558	$16,536	$11,978

Expense ratio

0.22%DFIC, cheaper
0.87%NBIE

DFIC0.22%NBIE0.87%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

NBIE 48th cheapest of 55 funds

DFIC vs NBIE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFIC 2.55%; NBIE No data
Payout (12M): DFIC $0.96; NBIE None
Last payment: DFIC $0.19; NBIE No data
Ex-dividend: DFIC Sep 22, 2026; NBIE No data
Paid on: DFIC Sep 24, 2026; NBIE No data
Frequency: DFIC Quarterly; NBIE No data

Distribution history

Per share, 2022 to 2026, same scale for both

DFICQuarterly · 18 paymentsAll DFIC payments⁠

NBIEAll NBIE payments⁠

No distribution history available.

DFIC vs NBIE 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%NBIE No data
Return per unit of riskSharpe ratio, 3 years: DFIC 1.35NBIE No data
Worst fallMax drawdown, 5 years: DFIC −24.4%since Mar 2022NBIE No data
Market sensitivityBeta, 5 years: DFIC 0.92NBIE 0.21; Market = 1

DFIC and NBIE 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 NBIE

How DFIC and NBIE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in NBIE

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 NBIE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in NBIE

Weight gaps