DFIC vs TOUS: Grades, Fees and Holdings Compared

Dimensional International Core Equity 2 ETF

DFICACboe

T. Rowe Price International Equity ETF

TOUSBNYSE Arca

Overlap

17.5%by weight

Expense ratio

DFIC −0.28pt a year

DFIC0.22%TOUS0.50%

Avg volume · 30D

DFIC 12.8×the volume

DFIC1.85MTOUS144K

3Y return · a year

DFIC +1.3pt

DFIC+21.7%TOUS+20.4%

DFIC vs TOUS Performance

Oct 31, 2025 – Oct 30, 2026

+16.8%DFIC+14.1%TOUS

Expense ratio: DFIC 0.22%, better; TOUS 0.50%
Fund size: DFIC $15.3B; TOUS $1.69B
1Y total return: DFIC +16.8%, better; TOUS +14.1%
Yield (12M): DFIC 2.55%, better; TOUS 1.59%
Holdings: DFIC 4152; TOUS 197
Avg volume (30D): DFIC 1.85M sh, better; TOUS 144K sh
NAV per share: DFIC $37.56; TOUS $37.81
52W range

ETF.net Grade

Pillar letters and Scores for DFIC, TOUS, with each pillar’s weight
Pillar	DFIC	TOUS
Cost30% weight	A98Higher	B66
Mission25% weight	A100	Not scored
Risk15% weight	B69Higher	B64
Tradability15% weight	A81Higher	B69
Holdings10% weight	A91Higher	A79
Durability5% weight	A91Higher	A77

Rank among International Active Equity funds

How we build Categories ›

Same Category. DFIC and TOUS 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 TOUS 9th 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 8AGIEQGoldman Sachs Data Enhanced International Equity ETFScore 70
Rank 9BTOUST. Rowe Price International Equity ETFScore 68
Rank 10BCOROiShares International Country Rotation Active ETFScore 67

Our read on each fund

ETF.net Research

DFICADimensional International Core Equity 2 ETF

TOUSBT. Rowe Price International Equity ETF

In short

DFIC No data

TOUS T. Rowe Price's stock-picking bench in ETF wrapper: an actively run international portfolio of roughly 190 names, launched in 2023 and priced below the typical active international fund.

Stated mandate

DFIC No data

TOUS The fund seeks long-term capital growth through an international equity strategy.

Why people hold it

DFIC No data

TOUS Charges 0.50% a year, under the median for actively managed international equity ETFs. Active research without the old-school active price tag.
Roughly 190 stocks: wide enough to spread country and sector risk, concentrated enough that the managers' picks actually show up in results.
Grew into a multi-billion-dollar fund within a couple of years of its 2023 launch, and trading costs rank among the friendlier ones in its peer group.
Sits in the upper tier of its active international equity peer group on our review of nearly 60 funds.

Worth knowing

DFIC No data

TOUS Systematic rivals go cheaper: DFIC, AVDE and JIRE all run international exposure near a quarter of a percent. Human stock picking is the premium here.
Live since 2023, so the track record in the ETF is short next to T. Rowe's longer-running strategies.
Pays out once or twice a year rather than monthly, so income lands in lumps.

Full DFIC profile⁠

Full TOUS profile⁠

DFIC vs TOUS Holdings

How DFIC and TOUS differ

Overlap by weight

17.5%

Shared holdings make up 80.6% of TOUS and 17.8% of DFIC.

Level by level

Holdings143 in both17.5%
Countryby domicile78.4%
Sector11 Sectors87.5%
Asset classEquity100%

Sector

Sector weights in DFIC and TOUS, widest gap first
Sector	More in DFICMore in TOUS	DFIC	TOUS
Technology	TOUS +5.2 points	8.4%	13.6%
Materials	DFIC +4.6 points	11.0%	6.4%
Health Care	TOUS +3.9 points	7.2%	11.1%
Consumer Discretionary	DFIC +2.9 points	9.4%	6.5%
Industrials	DFIC +2.6 points	19.3%	16.7%
Energy	DFIC +2.0 points	7.8%	5.8%
Financials	TOUS +1.5 points	21.8%	23.3%
Communication	TOUS +1.4 points	4.1%	5.5%
Consumer Staples	TOUS +0.5 points	6.3%	6.8%
Real Estate	DFIC +0.4 points	1.6%	1.2%
Utilities	DFIC +0.1 points	3.2%	3.1%

Country, concentration and asset class

Country by domicile

Country weights in DFIC and TOUS, widest gap first
Country	More in DFICMore in TOUS	DFIC	TOUS
Canada	DFIC +8.7 points	11.6%	2.9%
United Kingdom	TOUS +6.1 points	11.4%	17.5%
Netherlands	TOUS +4.7 points	3.6%	8.3%
France	TOUS +3.1 points	6.1%	9.2%
Australia	DFIC +2.9 points	5.9%	3.0%
Switzerland	DFIC +2.7 points	8.0%	5.3%
Denmark	DFIC +1.4 points	1.7%	0.3%
United States	TOUS +1.5 points	1.2%	2.7%
Other countries (22)	TOUS +0.4 points	50.4%	50.8%

Outside the US: DFIC 98% developed, 2% emerging. TOUS 96% developed, 4% emerging.

Concentration

Weight in the 10 largest Holdings

DFIC7.1%
TOUS17.7%

Securities held

DFIC4,131
TOUS187

Asset class

DFIC: Equity
TOUS: Equity

Holdings

Only in DFIC3,988
In both143
Only in TOUS44

Only in DFIC

3,988 securities, 81.8% of DFIC by weight

Shell PLC1.15%
Asml Holding NV1.09%
Totalenergies SE0.76%
Novartis AG Adr0.76%
Royal Bank of Canada0.64%
Allianz SE0.49%
Bp PLC0.44%
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%
Eni Spa0.30%
E.on SE0.29%
Rio Tinto PLC0.29%
Cenovus Energy Inc0.27%
Repsol SA0.27%
National Bank of Canada0.25%
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%
Abb Ltd0.22%
Sandoz Group AG0.22%
Aib Group PLC0.22%
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%
Fairfax Financial Holding0.21%
Kbc Group NV0.21%
Nn Group NV0.20%
Swisscom AG0.20%
Banco Santander SA0.19%
Commonwealth Bank of Aust0.19%
Volvo Ab0.19%
Helvetia Baloise Holding0.19%
Royal Bank of Canada0.19%
Nordea Bank Abp0.19%
Deutsche Boerse AG0.18%
Publicis Groupe SA0.18%
Unilever PLC0.18%
Airbus SE0.18%
Qbe Insurance Group Ltd0.18%

Only in TOUS

44 securities, 18.8% of TOUS by weight

Unilever PLC Common Stock GBP.000311111.67%
Airbus SE Common Stock EUR1.01.43%
Allianz SE Reg Common Stock1.06%
Samsung Electronics Co Ltd Common Stock KRW100.00.80%
Essity Aktiebolag B Common Stock SEK3.350.61%
Taiwan Semiconductor Manufac Common Stock TWD10.00.60%
Orix Corp Common Stock0.59%
Cenovus Energy Inc Common Stock0.56%
Ryanair Holdings PLC Common Stock EUR.0060.56%
Bnp Paribas Common Stock EUR2.00.55%
Omv AG Common Stock0.55%
Spotify Technology SA Common Stock EUR.0006250.55%
Banco Santander SA Common Stock EUR.50.51%
Anz Group Holdings Ltd Common Stock0.47%
Generali Common Stock0.45%
Ericsson Lm B Shs Common Stock SEK5.00.44%
Otp Bank PLC Common Stock HUF100.00.43%
Unimicron Technology Corp Common Stock TWD10.00.41%
Jeronimo Martins Common Stock EUR1.00.37%
Aviva PLC Common Stock GBP.32894740.36%
Tower Semiconductor Ltd Common Stock ILS15.00.36%
Bt Group PLC Common Stock GBP.050.35%
Cvc Capital Partners PLC Common Stock0.34%
Assa Abloy Ab B Common Stock SEK1.00.34%
Amcor PLC Common Stock USD.010.33%
Kt Corp Sp Adr Adr0.32%
Segro PLC Reit GBP.10.32%
Techtronic Industries Co Ltd Common Stock0.28%
Softbank Group Corp Common Stock0.28%
Dpm Metals Inc Common Stock0.28%
Air Liquide SA Common Stock EUR5.50.28%
Ck Hutchison Holdings Ltd Common Stock HKD1.00.28%
Swedbank Ab A Shares Common Stock0.26%
Alibaba Group Holding Ltd Common Stock USD.0000031250.24%
Westpac Banking Corp Common Stock0.23%
Compass Group PLC Common Stock GBP.11050.21%
Novo Nordisk A/S B Common Stock DKK.10.20%
3I Group PLC Common Stock GBP.7386360.19%
Kia Corp Common Stock KRW5000.00.18%
Michelin (Cgde) Common Stock EUR.50.18%
Koninklijke Ahold Delhaize N Common Stock EUR.010.17%
Kuaishou Technology Common Stock USD.00000530.13%
Zhongji Innolight Co Ltd H Common Stock CNY1.00.12%
HKD Spot FX Contract0.00%

Weight gaps

The 100 widest of 143 Holdings in both funds.

Holding weights in DFIC and TOUS, widest gap first
Holding	More in DFICMore in TOUS	DFIC	TOUS
Asml Holding NV	TOUS +3.64 points	0.07%	3.71%
Astrazeneca PLCAZN.L	TOUS +1.96 points	0.06%	2.02%
Totalenergies SETTE	TOUS +1.49 points	0.03%	1.52%
Rolls-Royce Holdings PLCRR.L	TOUS +1.22 points	0.39%	1.61%
Recruit Holdings Co Ltd	TOUS +1.12 points	0.30%	1.42%
Sony Group Corp	TOUS +1.10 points	0.33%	1.43%
Barclays PLCBARC.L	TOUS +1.09 points	0.22%	1.31%
Siemens AG	TOUS +1.07 points	0.26%	1.33%
Mitsubishi Ufj Financial	TOUS +1.03 points	0.36%	1.39%
Renesas Electronics Corp	TOUS +1.00 points	0.06%	1.06%
Glencore PLCGLEN.L	TOUS +0.94 points	0.20%	1.14%
Ubs Group AG	TOUS +0.91 points	<0.01%	0.92%
Ing Groep NV	TOUS +0.90 points	0.14%	1.04%
Unicredit Spa	TOUS +0.89 points	0.34%	1.23%
Hsbc Holdings PLCHSBA.L	TOUS +0.88 points	0.08%	0.96%
Enel Spa	TOUS +0.85 points	0.16%	1.01%
Axa SA	TOUS +0.85 points	0.09%	0.94%
Roche Holding AG	TOUS +0.83 points	0.70%	1.53%
Sap SE	TOUS +0.81 points	0.09%	0.90%
Novartis AG	TOUS +0.82 points	0.07%	0.89%
Shell PLCSHEL.L	TOUS +0.77 points	0.12%	0.89%
Takeda Pharmaceutical Co	TOUS +0.75 points	0.13%	0.88%
Hitachi Ltd	TOUS +0.72 points	0.31%	1.03%
Imperial Brands PLCIMB.L	TOUS +0.70 points	0.13%	0.83%
Sonova Holding AG	TOUS +0.67 points	0.08%	0.75%
Sumitomo Corp	TOUS +0.66 points	0.05%	0.71%
Galp Energia Sgps SA	TOUS +0.62 points	0.08%	0.70%
Siemens Energy AG	TOUS +0.62 points	0.24%	0.86%
Schneider Electric SE	TOUS +0.61 points	0.12%	0.73%
Dassault Aviation SA	TOUS +0.61 points	0.02%	0.63%
Standard Chartered PLCSTAN.L	TOUS +0.60 points	0.23%	0.83%
Bhp Group Ltd	TOUS +0.60 points	0.39%	0.99%
Bawag Group AG	TOUS +0.57 points	0.13%	0.70%
Mitsubishi Estate Co Ltd	TOUS +0.56 points	0.03%	0.59%
Asahi Group Holdings Ltd	TOUS +0.54 points	0.05%	0.59%
Isetan Mitsukoshi Holding	TOUS +0.54 points	0.04%	0.58%
Banco Bilbao Vizcaya ArgeBBVA	TOUS +0.54 points	0.41%	0.95%
Bp PLCBP.L	TOUS +0.51 points	0.14%	0.65%
Lloyds Banking Group PLCLLOY.L	TOUS +0.50 points	0.04%	0.54%
Sanrio Co Ltd	TOUS +0.49 points	0.03%	0.52%
Nippon Sanso Holdings Cor	TOUS +0.49 points	0.03%	0.52%
Mitsubishi Electric Corp	TOUS +0.49 points	0.06%	0.55%
Hannover Rueck SE	TOUS +0.49 points	0.09%	0.58%
National Grid PLCNG.L	TOUS +0.48 points	0.01%	0.49%
Seven & I Holdings Co Ltd	TOUS +0.48 points	0.10%	0.58%
Leonardo Spa	TOUS +0.47 points	0.09%	0.56%
British American TobaccoBATS.L	TOUS +0.47 points	0.17%	0.64%
Sanofi	TOUS +0.47 points	0.10%	0.57%
Kddi Corp	TOUS +0.46 points	0.19%	0.65%
Canadian National Railway	TOUS +0.46 points	0.01%	0.47%
Societe Generale SA	TOUS +0.45 points	0.19%	0.64%
MS&AD Insurance Group Hol	TOUS +0.45 points	0.12%	0.57%
Suncorp Group Ltd	TOUS +0.45 points	0.07%	0.52%
United Overseas Bank Ltd	TOUS +0.45 points	0.10%	0.55%
Aia Group Ltd	TOUS +0.45 points	0.17%	0.62%
Ferrari NVRACE	TOUS +0.41 points	0.06%	0.47%
Intercontinental Hotels GIHG	TOUS +0.41 points	0.05%	0.46%
Shopify Inc	TOUS +0.41 points	0.03%	0.44%
Prosus NV	TOUS +0.41 points	0.05%	0.46%
Aercap Holdings NVAER	TOUS +0.41 points	<0.01%	0.41%
Suncor Energy Inc	TOUS +0.40 points	<0.01%	0.40%
Bunzl PLCBNZL.L	TOUS +0.39 points	0.06%	0.45%
Resona Holdings Inc	TOUS +0.38 points	0.09%	0.47%
Siemens Healthineers AG	TOUS +0.37 points	0.07%	0.44%
Tmx Group Ltd	TOUS +0.38 points	0.04%	0.42%
Taiheiyo Cement Corp	TOUS +0.37 points	0.03%	0.40%
Argenx SEARGX	TOUS +0.37 points	0.05%	0.42%
Toyota Motor Corp	TOUS +0.37 points	0.46%	0.83%
Prudential PLCPRU.L	TOUS +0.37 points	0.03%	0.40%
Sampo PLC	TOUS +0.36 points	0.12%	0.48%
Koninklijke Philips NV	TOUS +0.35 points	<0.01%	0.36%
Banco Comercial Portugues	TOUS +0.34 points	0.08%	0.42%
Sumitomo Mitsui Financial	TOUS +0.33 points	0.16%	0.49%
Ajinomoto Co Inc	TOUS +0.34 points	0.05%	0.39%
Safran SA	TOUS +0.33 points	0.19%	0.52%
Mitsubishi Chem Grp Corp	TOUS +0.33 points	0.06%	0.39%
Deutsche Telekom AG	TOUS +0.33 points	0.38%	0.71%
Vinci SA	TOUS +0.33 points	0.22%	0.55%
Descartes Systems Group I	TOUS +0.32 points	<0.01%	0.33%
Sea LtdSE	TOUS +0.32 points	0.01%	0.33%
Komatsu Ltd	TOUS +0.30 points	0.12%	0.42%
Dbs Group Holdings Ltd	TOUS +0.30 points	0.23%	0.53%
Eurofins Scientific	TOUS +0.30 points	0.11%	0.41%
Relx PLCREL.L	TOUS +0.29 points	<0.01%	0.29%
Adyen NV	TOUS +0.29 points	0.03%	0.32%
Magnum Ice Cream Co Nv/Th	TOUS +0.27 points	0.05%	0.32%
Sartorius Stedim Biotech	TOUS +0.27 points	0.01%	0.28%
Qiagen NV Com	TOUS +0.26 points	0.14%	0.40%
Chugai Pharmaceutical Co	TOUS +0.26 points	0.05%	0.31%
Kubota Corp	TOUS +0.26 points	0.07%	0.33%
Gsk PLCGSK.L	TOUS +0.26 points	0.20%	0.46%
Orsted A/S	TOUS +0.25 points	0.02%	0.27%
Nippon Steel Corp	TOUS +0.25 points	0.07%	0.32%
Fujitsu Ltd	TOUS +0.25 points	0.09%	0.34%
Equinor Asa	TOUS +0.24 points	0.14%	0.38%
Asm International NV	TOUS +0.24 points	0.14%	0.38%
Cie Financiere Richemont	TOUS +0.24 points	0.13%	0.37%
Archion Corp	TOUS +0.24 points	<0.01%	0.25%
Or Royalties Inc	TOUS +0.24 points	<0.01%	0.24%
Nestle SA	DFIC +0.23 points	0.64%	0.41%

All 4,139 DFIC holdings⁠All 188 TOUS 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 TOUS Cost

Overpaying TOUS vs DFIC

$5,421

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

DFIC 0.22%
$4,558
TOUS 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

DFIC 0.22%
TOUS 0.50%
Overpaying

Year by year

Year	DFIC	TOUS	Overpaying
10	$401	$900	$499
20	$1,561	$3,460	$1,899
30	$4,558	$9,979	$5,421

Expense ratio

0.22%DFIC, cheaper
0.50%TOUS

DFIC0.22%TOUS0.50%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

TOUS 18th cheapest of 55 funds

DFIC vs TOUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFIC 2.55%, better; TOUS 1.59%
Payout (12M): DFIC $0.96; TOUS $0.60
Last payment: DFIC $0.19; TOUS $0.60
Ex-dividend: DFIC Sep 22, 2026; TOUS Dec 23, 2025
Paid on: DFIC Sep 24, 2026; TOUS Dec 26, 2025
Frequency: DFIC Quarterly; TOUS Annual

Distribution history

Per share, 2022 to 2026, same scale for both

DFICQuarterly · 18 paymentsAll DFIC payments⁠

TOUSAnnual · 3 paymentsAll TOUS payments⁠

DFIC vs TOUS 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%, betterTOUS 12.2%
Return per unit of riskSharpe ratio, 3 years: DFIC 1.35, betterTOUS 1.23
Worst fallMax drawdown, 5 years: DFIC −24.4%since Mar 2022TOUS −14.3%since Jun 2023
Market sensitivityBeta, 5 years: DFIC 0.92TOUS 0.89; Market = 1

DFIC and TOUS 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 TOUS

In short

Stated mandate

Why people hold it

Worth knowing

How DFIC and TOUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in TOUS

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

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

How DFIC and TOUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in TOUS

Weight gaps