DFIC vs SFTX: Grades, Fees and Holdings Compared

Dimensional International Core Equity 2 ETF

DFICACboe

Horizon International Managed Risk ETF

SFTXDNYSE Arca

Overlap

0.1%by weight

Expense ratio

DFIC −0.60pt a year

DFIC0.22%SFTX0.82%

Avg volume · 30D

DFIC 12.1×the volume

DFIC1.87MSFTX154K

DFIC vs SFTX Performance

Dec 31, 2025 – Nov 5, 2026

+10.2%DFIC+12.7%SFTX

Expense ratio: DFIC 0.22%, better; SFTX 0.82%
Fund size: DFIC $15.4B; SFTX $772M
1Y total return: DFIC +16.7%; SFTX No data
Yield (12M): DFIC 2.56%; SFTX No data
Holdings: DFIC 4148; SFTX 288
Avg volume (30D): DFIC 1.87M sh, better; SFTX 154K sh
NAV per share: DFIC $37.82; SFTX $29.80
52W range

ETF.net Grade

Pillar letters and Scores for DFIC, SFTX, with each pillar’s weight
Pillar	DFIC	SFTX
Cost30% weight	A98Higher	F15
Mission25% weight	A100	Not scored
Risk15% weight	B67Higher	C43
Tradability15% weight	A81Higher	B57
Holdings10% weight	A91	Not scored
Durability5% weight	A90Higher	B59

Rank among International Active Equity funds

How we build Categories ›

Same Category. DFIC and SFTX 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 SFTX 43rd 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 43DEXUSNomura Focused International Core ETFScore 34
Rank 43DSFTXHorizon International Managed Risk ETFScore 34
Rank 45DJIDEJPMorgan International Dynamic ETFScore 33

Our read on each fund

ETF.net Research

DFICADimensional International Core Equity 2 ETF

SFTXDHorizon International Managed Risk ETF

In short

DFIC No data

SFTX An international stock fund with a brake pedal. Horizon's Risk Assist strategy watches volatility and can pull the portfolio into Treasuries or cash equivalents, up to entirely, instead of riding a selloff all the way down.

Stated mandate

DFIC No data

SFTX Seeks total return from developed- and emerging-market equity securities while systematically adjusting exposure to limit downside risk. Its Risk Assist framework can reallocate part of the portfolio to U.S. Treasury securities or cash equivalents during market volatility.

Why people hold it

DFIC No data

SFTX The de-risking is built into the mandate, not left to you. Risk Assist monitors volatility and falling global equity values and can shift assets to Treasuries or cash equivalents.horizonmutualfunds.com
Wide net abroad: roughly 200 holdings spanning developed and emerging markets, reached directly or through ADRs and other ETFs.horizonmutualfunds.com
It did not launch as a shell. The 2025 debut came with real size and moderate daily volume, so it trades like an established ticker rather than a thin one.

Worth knowing

DFIC No data

SFTX Downside management costs money: 0.82% a year, above the typical actively managed international fund. Pacer's PTIN runs a rules-based trend overlay for 0.02%.
The brake works both ways. The prospectus notes the fund can sit primarily or entirely in cash equivalents, and that Risk Assist carries no guarantee against losses.horizonmutualfunds.com
Young ETF, thin evidence. It launched in December 2025, so there is little live history showing how the strategy behaves across a full market cycle.

Full DFIC profile⁠

Full SFTX profile⁠

DFIC vs SFTX Holdings

How DFIC and SFTX differ

Overlap by weight

0.1%

Shared holdings make up 0.6% of SFTX and 0.1% of DFIC.

Level by level

Holdings3 in both0.1%
Countryby domicile71.3%
Asset classStocks100%

Sector

No Sector split for SFTX.

Country, concentration and asset class

Country by domicile

Country weights in DFIC and SFTX, widest gap first
Country	Gap	DFIC	SFTX
Taiwan	SFTX +9.1 points	0.0%	9.1%
Japan	DFIC +9.1 points	24.1%	15.0%
South Korea	SFTX +6.2 points	0.0%	6.2%
China	SFTX +5.4 points	0.2%	5.6%
Australia	DFIC +3.1 points	5.9%	2.8%
Switzerland	DFIC +3.0 points	8.2%	5.2%
Germany	DFIC +3.0 points	7.4%	4.4%
United Kingdom	DFIC +2.1 points	11.4%	9.3%
Other countries (26)	DFIC +0.3 points	42.8%	42.5%

Outside the US: DFIC 98% developed, 2% emerging. SFTX 72% developed, 28% emerging.

Concentration

Weight in the 10 largest Holdings

DFIC7.0%
SFTX21.2%

Securities held

DFIC4,127
SFTX281

Asset class

DFIC: Stocks
SFTX: Stocks

Holdings

Only in DFIC4,124
In both3
Only in SFTX278

Only in DFIC

4,124 securities, 99.6% of DFIC by weight

Shell PLC1.08%
Asml Holding NV0.97%
Novartis AG Adr0.78%
Totalenergies SE0.74%
Roche Holding AG0.69%
Nestle SA0.68%
Royal Bank of Canada0.65%
Allianz SE0.52%
Toyota Motor Corp0.45%
Banco Bilbao Vizcaya Arge0.43%
Bayer AG0.41%
Deutsche Telekom AG0.40%
Hsbc Holdings PLC0.40%
Bp PLC0.39%
Rolls-Royce Holdings PLC0.39%
Suncor Energy Inc.0.38%
Bhp Group Ltd0.38%
Toronto-Dominion Bank0.37%
Unicredit Spa0.36%
Astrazeneca PLC0.36%
Mitsubishi Ufj Financial0.34%
Basf SE0.34%
Canadian Natural Resource0.33%
Sony Group Corp0.33%
Tesco PLC0.32%
Dhl AG0.31%
Advantest Corp0.30%
Hitachi Ltd0.30%
Rio Tinto PLC0.29%
Engie SA0.29%
E.on SE0.29%
Infineon Technologies AG0.28%
Eni Spa0.28%
Recruit Holdings Co Ltd0.28%
Repsol SA0.27%
Orange SA0.27%
Siemens AG0.27%
Muenchener Rueckversicher0.26%
National Bank of Canada0.26%
Intact Financial Corp0.26%
Bhp Group Ltd0.24%
Cenovus Energy Inc0.24%
Zurich Insurance Group AG0.24%
Tokyo Electron Ltd0.24%
Cie De Saint-Gobain0.23%
Standard Chartered PLC0.23%
Barrick Mining Corp0.23%
Fairfax Financial Holding0.23%
Vinci SA0.23%
Ubs Group AG0.23%

Only in SFTX

278 securities, 99.1% of SFTX by weight

Taiwan Semiconductor Manufacturing Co Ltd3.93%
Shell PLC2.77%
ASML Holding NV2.60%
Samsung Electronics Co Ltd2.42%
Roche Holding AG2.26%
Total SE1.70%
SK hynix Inc1.61%
Sap SE1.38%
Banco Bilbao Vizcaya1.34%
Recruit Holdings Co Ltd1.16%
Hitachi Ltd1.14%
Advantest Corp1.08%
Canadian Nat Res Ltd1.02%
Bp PLC1.00%
Sony Group Corp0.95%
Shopify Inc0.95%
Agnico Eagle Mines Ltd0.95%
Siemens AG0.94%
Suncor Energy Inc0.88%
Rio Tinto PLC0.84%
UBS Group AG0.82%
Schneider Electric SE0.81%
Investor AB0.80%
Barrick Mining Corp0.73%
iShares MSCI India ETF0.70%
China Construction Bank Corp0.67%
Manulife Financial Corp0.67%
DHL Group0.64%
AstraZeneca PLC0.63%
Axa SA0.60%
BNP Paribas SA0.60%
ING Groep NV0.59%
SK Square Co Ltd0.59%
Keyence Corp0.58%
Anheuser-Busch Inbev Sa/Nv0.57%
Wheaton Precious Metals Corp0.51%
Novo Nordisk A/S0.50%
Kioxia Holdings Corp0.49%
Alibaba Group Holding Ltd0.48%
Petroleo Brasileiro SA - Petrobras0.47%
Rolls-Royce Holdings PLC0.47%
Gsk PLC0.47%
Atlas Copco AB0.45%
Anglogold Ashanti Plc0.45%
British American Tobacco PLC0.44%
Bank of China Ltd0.44%
Canadian National Railway Co0.44%
Eni SpA0.44%
Argenx SE0.44%
Cenovus Energy Inc0.43%

Weight gaps

All 3 Holdings in both funds, largest gap first.

Holding weights in DFIC and SFTX, widest gap first
Holding	Gap	DFIC	SFTX
Aercap Holdings NVAER	SFTX +0.27 points	0.01%	0.28%
Coca-Cola Europacific ParCCEP	SFTX +0.15 points	0.05%	0.20%
Sea LtdSE	SFTX +0.13 points	0.04%	0.17%

All 4,139 DFIC holdings⁠All 250 SFTX 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 SFTX Cost

Overpaying SFTX vs DFIC

$11,131

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

DFIC 0.22%
$4,558
SFTX 0.82%
$15,689

Amount$10,000

Years30 years

Cost over time

DFIC 0.22%
SFTX 0.82%
Overpaying

Year by year

Year	DFIC	SFTX	Overpaying
10	$401	$1,457	$1,056
20	$1,561	$5,519	$3,958
30	$4,558	$15,689	$11,131

Expense ratio

0.22%DFIC, cheaper
0.82%SFTX

DFIC0.22%SFTX0.82%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

SFTX 47th cheapest of 55 funds

DFIC vs SFTX Dividends

Last 12 months to Nov 5, 2026

Yield (12M): DFIC 2.56%; SFTX No data
Payout (12M): DFIC $0.96; SFTX No data
Last payment: DFIC $0.19; SFTX $0.06
Ex-dividend: DFIC Sep 22, 2026; SFTX Dec 24, 2025
Paid on: DFIC Sep 24, 2026; SFTX Dec 26, 2025
Frequency: DFIC Quarterly; SFTX Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

DFICQuarterly · 18 paymentsAll DFIC payments⁠

SFTXIrregular · 1 paymentAll SFTX payments⁠

DFIC vs SFTX 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%SFTX No data
Return per unit of riskSharpe ratio, 3 years: DFIC 1.35SFTX No data
Worst fallMax drawdown, 5 years: DFIC −24.4%since Mar 2022SFTX No data
Market sensitivityBeta, 5 years: DFIC 0.92SFTX 1.12; Market = 1

DFIC and SFTX 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 SFTX

In short

Stated mandate

Why people hold it

Worth knowing

How DFIC and SFTX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in SFTX

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 SFTX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in SFTX

Weight gaps