DFAX vs. IFLO

Last updated Jun 26, 2026

DFAX (Dimensional World ex US Core Equity 2 ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, DFAX returned 30.41% vs 32.28% for IFLO. Their correlation of 0.88 suggests significant overlap in exposure. DFAX charges 0.28%/yr vs 0.56%/yr for IFLO.

Performance

DFAX vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional World ex US Core Equity 2 ETF (DFAX) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFAX achieves a 13.35% return, which is significantly lower than IFLO's 16.93% return.

DFAX

• 1D: 0.47%
• 1M: -2.18%
• YTD: 13.35%
• 6M: 13.07%
• 1Y: 30.41%
• 3Y*: 20.28%
• 5Y*: —
• 10Y*: —

IFLO

• 1D: 0.43%
• 1M: -1.62%
• YTD: 16.93%
• 6M: 16.46%
• 1Y: 32.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFAX vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
DFAX Dimensional World ex US Core Equity 2 ETF	13.35%	15.05%
IFLO VictoryShares International Free Cash Flow ETF	16.93%	13.12%

Correlation

The correlation between DFAX and IFLO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.88

DFAX vs. IFLO - Sectors Allocation Comparison

Sectors	DFAX	IFLO
Technology	19.1%	21.5%
Financial Services	17.7%	1.1%
Industrials	17.4%	18.1%
Basic Materials	10.6%	11.3%
Consumer Cyclical	9.5%	13.8%
Energy	6.1%	12.1%
Healthcare	5.8%	11.7%
Consumer Defensive	4.8%	2.8%
Communication Services	4.3%	6.7%
Utilities	2.9%	1.0%
Real Estate	1.9%	0.0%

Return for Risk

DFAX vs. IFLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFAX

DFAX Risk / Return Rank: 67
DFAX Sharpe Ratio Rank: 69
DFAX Sortino Ratio Rank: 64
DFAX Omega Ratio Rank: 69
DFAX Calmar Ratio Rank: 64
DFAX Martin Ratio Rank: 67

IFLO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFAX vs. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional World ex US Core Equity 2 ETF (DFAX) and VictoryShares International Free Cash Flow ETF (IFLO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DFAX	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.91	—	—
Sortino ratio: Return per unit of downside risk	2.56	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.75	—	—
Martin ratio: Return relative to average drawdown	10.63	—	—

Drawdowns

DFAX vs. IFLO - Drawdown Comparison

The maximum DFAX drawdown since its inception was -28.15%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for DFAX and IFLO.

Drawdown Indicators

	DFAX	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-28.15%	-6.44%	-21.71%
Max Drawdown (1Y) Largest decline over 1 year	-11.11%	-6.44%	-4.67%
Max Drawdown (3Y) Largest decline over 3 years	-13.89%	—	—
Current Drawdown Current decline from peak	-2.62%	-3.37%	+0.75%
Average Drawdown Average peak-to-trough decline	-6.61%	-1.25%	-5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	—	—

Volatility

Volatility by Period

	DFAX	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	14.75%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	14.75%	+1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.15%	14.75%	+1.40%

DFAX vs. IFLO - Expense Ratio Comparison

DFAX has a 0.28% expense ratio, which is lower than IFLO's 0.56% expense ratio.

Dividends

DFAX vs. IFLO - Dividend Comparison

DFAX's dividend yield for the trailing twelve months is around 2.34%, more than IFLO's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021
DFAX Dimensional World ex US Core Equity 2 ETF	2.34%	2.58%	2.98%	3.01%	3.30%	1.40%
IFLO VictoryShares International Free Cash Flow ETF	1.51%	0.73%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFAX and IFLO in my portfolio?

DFAX and IFLO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DFAX or IFLO?

On 1-year performance, IFLO leads with 32.28% vs 30.41% for DFAX. On fees, DFAX is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFAX or IFLO?

Over the 1-year period, IFLO has performed better with a 32.28% return vs 30.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFAX or IFLO?

DFAX is cheaper with a 0.28% expense ratio, compared with 0.56% for IFLO.

Which ETF pays a higher dividend yield, DFAX or IFLO?

DFAX has the higher dividend yield at 2.34%, compared with 1.51% for IFLO.

What is the main difference between DFAX and IFLO?

They also come from different issuers: Dimensional and VictoryShares. Their fees differ too: 0.28% for DFAX and 0.56% for IFLO.