DFIC vs PIEQ: Grades, Fees and Holdings Compared

Dimensional International Core Equity 2 ETF

DFICACboe

Principal International Equity ETF

PIEQBCboe

Overlap

3.7%by weight

Expense ratio

DFIC −0.26pt a year

DFIC0.22%PIEQ0.48%

Avg volume · 30D

DFIC 43.9×the volume

DFIC1.88MPIEQ42.8K

DFIC vs PIEQ Performance

Nov 7, 2025 – Nov 9, 2026

+18.5%DFIC+15.6%PIEQ

Expense ratio: DFIC 0.22%, better; PIEQ 0.48%
Fund size: DFIC $15.1B; PIEQ $1.3B
1Y total return: DFIC +18.5%, better; PIEQ +15.6%
Yield (12M): DFIC 2.51%, better; PIEQ 1.18%
Holdings: DFIC 4147; PIEQ 39
Avg volume (30D): DFIC 1.88M sh, better; PIEQ 42.8K sh
NAV per share: DFIC $36.91; PIEQ $34.95
52W range

ETF.net Grade

Pillar letters and Scores for DFIC, PIEQ, with each pillar’s weight
Pillar	DFIC	PIEQ
Cost30% weight	A98Higher	A71
Mission25% weight	A100	Not scored
Risk15% weight	B69Higher	B62
Tradability15% weight	A83Higher	B60
Holdings10% weight	A91Higher	C42
Durability5% weight	A91Higher	B66

Rank among International Active Equity funds

How we build Categories ›

Same Category. DFIC and PIEQ 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 2nd and PIEQ 19th of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 88
Rank 2ADFICDimensional International Core Equity 2 ETFScore 87
Rank 3AAVDSAvantis International Small Cap Equity ETFScore 77
Rank 18BPQNTPictet AI Enhanced International Equity ETFScore 63
Rank 19BPIEQPrincipal International Equity ETFScore 62
Rank 20BCGICCapital Group International Core Equity ETFScore 61

DFIC vs PIEQ Holdings

How DFIC and PIEQ differ

Overlap by weight

3.7%

Shared holdings make up 58.7% of PIEQ and 3.7% of DFIC.

Level by level

Holdings22 in both3.7%
Countryby domicile49.0%
Sector12 Sectors76.0%
Asset classStocks100%

Sector

Sector weights in DFIC and PIEQ, widest gap first
Sector	Gap	DFIC	PIEQ
Industrials	DFIC +11.8 points	18.8%	7.0%
Health Care	PIEQ +8.8 points	8.0%	16.8%
Technology	PIEQ +8.5 points	7.5%	16.0%
Materials	DFIC +5.0 points	10.7%	5.7%
Communication	PIEQ +4.6 points	4.4%	9.0%
Consumer Staples	DFIC +2.8 points	6.9%	4.1%
Energy	DFIC +2.1 points	7.9%	5.8%
Real Estate	DFIC +1.7 points	1.7%	0.0%
Consumer Discretionary	PIEQ +1.4 points	9.6%	11.0%
Financials	DFIC +0.6 points	21.4%	20.8%
Government	PIEQ +0.5 points	0.0%	0.5%
Utilities	DFIC +0.1 points	3.3%	3.2%

Country, concentration and asset class

Country by domicile

Country weights in DFIC and PIEQ, widest gap first
Country	Gap	DFIC	PIEQ
Japan	DFIC +12.7 points	24.1%	11.3%
United States	PIEQ +10.3 points	1.2%	11.5%
Switzerland	DFIC +8.2 points	8.2%	0.0%
China	PIEQ +8.2 points	0.2%	8.3%
Taiwan	PIEQ +5.9 points	0.0%	5.9%
South Korea	PIEQ +4.9 points	0.0%	4.9%
Germany	DFIC +4.9 points	7.4%	2.5%
Netherlands	PIEQ +4.9 points	3.6%	8.4%
Other countries (23)	DFIC +8.2 points	55.2%	47.0%

Outside the US: DFIC 98% developed, 2% emerging. PIEQ 75% developed, 25% emerging.

Concentration

Weight in the 10 largest Holdings

DFIC7.0%
PIEQ45.0%

Securities held

DFIC4,127
PIEQ36

Asset class

DFIC: Stocks
PIEQ: Stocks

Holdings

Only in DFIC4,105
In both22
Only in PIEQ14

Only in DFIC

4,105 securities, 96.0% of DFIC by weight

Shell PLC1.08%
Novartis AG Adr0.78%
Totalenergies SE0.73%
Roche Holding AG0.70%
Nestle SA0.69%
Royal Bank of Canada0.64%
Allianz SE0.52%
Toyota Motor Corp0.51%
Banco Bilbao Vizcaya Arge0.43%
Bayer AG0.43%
Deutsche Telekom AG0.40%
Hsbc Holdings PLC0.39%
Rolls-Royce Holdings PLC0.39%
Bp PLC0.39%
Bhp Group Ltd0.39%
Unicredit Spa0.36%
Toronto-Dominion Bank0.36%
Sony Group Corp0.36%
Basf SE0.34%
Mitsubishi Ufj Financial0.34%
Canadian Natural Resource0.33%
Tesco PLC0.33%
Dhl AG0.30%
Rio Tinto PLC0.30%
E.on SE0.30%
Engie SA0.30%
Hitachi Ltd0.29%
Eni Spa0.28%
Repsol SA0.28%
Recruit Holdings Co Ltd0.28%
Orange SA0.28%
Infineon Technologies AG0.26%
Muenchener Rueckversicher0.26%
Siemens AG0.26%
National Bank of Canada0.26%
Intact Financial Corp0.25%
Advantest Corp0.25%
Barrick Mining Corp0.24%
Cie De Saint-Gobain0.24%
Zurich Insurance Group AG0.24%
Agnico Eagle Mines Ltd0.24%
Cenovus Energy Inc0.23%
Standard Chartered PLC0.23%
Vinci SA0.23%
Anheuser-Busch Inbev Sa/N0.23%
Societe Generale SA0.23%
Fairfax Financial Holding0.23%
Dbs Group Holdings Ltd0.23%
Tokio Marine Holdings Inc0.22%
Swiss Re AG0.22%

Only in PIEQ

14 securities, 41.0% of PIEQ by weight

Taiwan Semiconductor Sp Adr Adr6.22%
Samsung Electronics Co Ltd Common Stock KRW100.04.49%
Spotify Technology SA Common Stock EUR.0006254.34%
Erste Group Bank AG Common Stock3.29%
Tencent Holdings Ltd Common Stock HKD.000023.16%
Daimler Truck Holding AG Common Stock3.10%
Yum China Holdings Inc Common Stock USD.013.06%
Rexel SA Common Stock EUR5.03.03%
National Bank of Greece Common Stock EUR3.02.76%
Icon PLC Common Stock EUR.062.64%
Trip.com Group Ltd Common Stock USD.001251.88%
Entain PLC Common Stock EUR.011.63%
Ascendis Pharma A/S Common Stock DKK1.00.99%
State Street Institutional Us State St Inst Us Gov Mm Prem0.42%

Weight gaps

All 22 Holdings in both funds, largest gap first.

Holding weights in DFIC and PIEQ, widest gap first
Holding	Gap	DFIC	PIEQ
Asml Holding NVASML	PIEQ +4.42 points	0.95%	5.37%
Teck Resources Ltd	PIEQ +4.31 points	<0.01%	4.31%
Sompo Holdings Inc	PIEQ +4.17 points	0.11%	4.28%
Aib Group PLC	PIEQ +3.93 points	0.22%	4.15%
British American TobaccoBATS.L	PIEQ +3.87 points	0.18%	4.05%
Suncor Energy Inc.SU	PIEQ +3.85 points	0.37%	4.22%
Galaxy Entertainment Grou	PIEQ +3.58 points	0.03%	3.61%
Abn Amro Bank NV	PIEQ +2.87 points	0.14%	3.01%
Astrazeneca PLCAZN	PIEQ +2.85 points	0.36%	3.21%
Bae Systems PLCBA.L	PIEQ +2.82 points	0.16%	2.98%
Obayashi Corp	PIEQ +2.38 points	0.04%	2.42%
Hannover Rueck SE	PIEQ +2.28 points	0.10%	2.38%
Hoya Corp	PIEQ +2.17 points	0.10%	2.27%
Bnp Paribas SA	PIEQ +2.01 points	0.15%	2.16%
Argenx SEARGX	PIEQ +1.91 points	0.05%	1.96%
Bp PLCBP.L	PIEQ +1.48 points	0.13%	1.61%
Komatsu Ltd	PIEQ +1.30 points	0.11%	1.41%
Aia Group Ltd	PIEQ +1.26 points	0.19%	1.45%
Bhp Group LtdBHP	PIEQ +1.25 points	0.24%	1.49%
Zegona Communications PLCZEG.L	PIEQ +1.16 points	<0.01%	1.17%
Samsonite International’s	PIEQ +0.86 points	0.02%	0.88%
Nice LtdNICE	PIEQ +0.33 points	<0.01%	0.33%

All 4,139 DFIC holdings⁠All 35 PIEQ 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 PIEQ Cost

Overpaying PIEQ vs DFIC

$5,047

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

DFIC 0.22%
$4,558
PIEQ 0.48%
$9,605

Amount$10,000

Years30 years

Cost over time

DFIC 0.22%
PIEQ 0.48%
Overpaying

Year by year

Year	DFIC	PIEQ	Overpaying
10	$401	$865	$464
20	$1,561	$3,328	$1,767
30	$4,558	$9,605	$5,047

Expense ratio

0.22%DFIC, cheaper
0.48%PIEQ

DFIC0.22%PIEQ0.48%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

PIEQ 17th cheapest of 55 funds

DFIC vs PIEQ Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DFIC 2.51%, better; PIEQ 1.18%
Payout (12M): DFIC $0.96; PIEQ $0.42
Last payment: DFIC $0.19; PIEQ $0.42
Ex-dividend: DFIC Sep 22, 2026; PIEQ Dec 29, 2025
Paid on: DFIC Sep 24, 2026; PIEQ Dec 31, 2025
Frequency: DFIC Quarterly; PIEQ Annual

Distribution history

Per share, 2022 to 2026, same scale for both

DFICQuarterly · 18 paymentsAll DFIC payments⁠

PIEQAnnual · 2 paymentsAll PIEQ payments⁠

DFIC vs PIEQ 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%PIEQ 10.2%since Dec 2024
Return per unit of riskSharpe ratio, 3 years: DFIC 1.35PIEQ 1.62since Dec 2024
Worst fallMax drawdown, 5 years: DFIC −24.4%since Mar 2022PIEQ −15.2%since Nov 2024
Market sensitivityBeta, 5 years: DFIC 0.92PIEQ 0.47; Market = 1

DFIC and PIEQ 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 PIEQ

How DFIC and PIEQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in PIEQ

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 PIEQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in PIEQ

Weight gaps