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ETFs

Dimensional World ex U.S. Core Equity 2 ETF

DFAX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 06 2008
Expense Ratio
0.30%
Type
Global Ex. US Equities
Fund Owner
Dimensional
Volume (1m avg. daily)
$11,145,113
AUM
$5,816,542,231
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

TTE
TotalEnergies SE
0.82%
NESN
Nestle SA
0.70%
005930
Samsung Electronics
0.68%
SHEL
Shell Plc - ADR (Representing - Ordinary Shares)
0.67%
NOVO B
Novo Nordisk - Ordinary Shares - Class B
0.56%
NVS
Novartis AG - ADR
0.50%
7203
Toyota Motor Corporation
0.49%
700
Tencent Holdings Ltd.
0.48%
n/a
CASH AND CASH EQUIVALENTS
0.44%
TSM
Taiwan Semiconductor Manufacturing - ADR
0.44%
Invest with DFAX

What is DFAX?

The investment objective of the Dimensional World ex U.S. Core Equity 2 ETF (the "World ex US Core Equity ETF" or "Portfolio") is to achieve long-term capital appreciation while minimizing federal income taxes on returns. ETF intends to purchase securities of companies associated with developed market and emerging market countries, which may include frontier markets (emerging market countries in an earlier stage of development), that the Advisor has designated as approved markets. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in non-U.S. equity securities and/or investments that provide exposure to non-U.S. securities. The Portfolio may gain exposure to non-U.S. securities by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuer s domicile country. The Advisor determines company size on a country or region specific basis and based primarily on market capitalization. The Advisor may also adjust the representation in the Portfolio of an eligible company, or exclude a company, after considering such factors as free float, momentum, trading strategies, liquidity, size, relative price, profitability, investment characteristics, and other factors that the Advisor determines to be appropriate. In assessing a company s investment characteristics, the Advisor considers ratios such as recent changes in assets divided by total assets. The criteria the Advisor uses for assessing a company s investment characteristics are subject to change from time to time.

ETFs related toDFAX

ETFs correlated to DFAX include VXUS, IXUS, VEU

DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDFAX

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with DFAX using Composer

FAQ

DFAX is a Global Ex. US Equities ETF. The investment objective of the Dimensional World ex U.S. Core Equity 2 ETF (the "World ex US Core Equity ETF" or "Portfolio") is to achieve long-term capital appreciation while minimizing federal income taxes on returns. ETF intends to purchase securities of companies associated with developed market and emerging market countries, which may include frontier markets (emerging market countries in an earlier stage of development), that the Advisor has designated as approved markets. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in non-U.S. equity securities and/or investments that provide exposure to non-U.S. securities. The Portfolio may gain exposure to non-U.S. securities by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuer s domicile country. The Advisor determines company size on a country or region specific basis and based primarily on market capitalization. The Advisor may also adjust the representation in the Portfolio of an eligible company, or exclude a company, after considering such factors as free float, momentum, trading strategies, liquidity, size, relative price, profitability, investment characteristics, and other factors that the Advisor determines to be appropriate. In assessing a company s investment characteristics, the Advisor considers ratios such as recent changes in assets divided by total assets. The criteria the Advisor uses for assessing a company s investment characteristics are subject to change from time to time.

Yes, DFAX is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, DFAX is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DFAX is 0.0026%. This is the percent change in the value of DFAX over the most recent 1-month period. The 3-month return on DFAX is 0%. This is the percent change in the value of DFAX over the most recent 3-month period.

The standard deviation of DFAX for the past year is 0.1636%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DFAX include DGS, DFIV, and DWM.

ETFs correlated to DFAX include VXUS, IXUS, and VEU.

ETFs that are inversely correlated to DFAX include EFZ, EPV, and EDZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.