DXIV vs. DFAX

Last updated Apr 2, 2026

Compare and contrast key facts about Dimensional International Vector Equity ETF (DXIV) and Dimensional World ex US Core Equity 2 ETF (DFAX).

DXIV and DFAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DXIV is an actively managed fund by Dimensional Fund Advisors. It was launched on Sep 10, 2024. DFAX is a passively managed fund by Dimensional that tracks the performance of the MSCI All Country World ex USA Index. It was launched on Mar 6, 2008.

Performance

DXIV vs. DFAX - Performance Comparison

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

DXIV vs. DFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DXIV Dimensional International Vector Equity ETF	5.44%	39.12%	-4.40%
DFAX Dimensional World ex US Core Equity 2 ETF	5.34%	35.42%	-2.98%

Returns By Period

The year-to-date returns for both stocks are quite close, with DXIV having a 5.44% return and DFAX slightly lower at 5.34%.

DXIV

• 1D: 1.36%
• 1M: -4.11%
• YTD: 5.44%
• 6M: 11.91%
• 1Y: 35.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFAX

• 1D: 1.32%
• 1M: -5.38%
• YTD: 5.34%
• 6M: 10.06%
• 1Y: 34.45%
• 3Y*: 17.69%
• 5Y*: —
• 10Y*: —

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

DXIV vs. DFAX - Expense Ratio Comparison

Both DXIV and DFAX have an expense ratio of 0.30%.

DXIV

Dimensional International Vector Equity ETF

DFAX

Dimensional World ex US Core Equity 2 ETF

Return for Risk

DXIV vs. DFAX — Risk / Return Rank

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

DXIV

DXIV Risk / Return Rank: 92
DXIV Sharpe Ratio Rank: 92
DXIV Sortino Ratio Rank: 93
DXIV Omega Ratio Rank: 93
DXIV Calmar Ratio Rank: 90
DXIV Martin Ratio Rank: 91

DFAX

DFAX Risk / Return Rank: 91
DFAX Sharpe Ratio Rank: 90
DFAX Sortino Ratio Rank: 91
DFAX Omega Ratio Rank: 92
DFAX Calmar Ratio Rank: 90
DFAX Martin Ratio Rank: 90

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.

DXIV vs. DFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional International Vector Equity ETF (DXIV) and Dimensional World ex US Core Equity 2 ETF (DFAX). 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.

	DXIV	DFAX	Difference
Sharpe ratio Return per unit of total volatility	2.16	2.05	+0.11
Sortino ratio Return per unit of downside risk	2.89	2.70	+0.20
Omega ratio Gain probability vs. loss probability	1.44	1.42	+0.02
Calmar ratio Return relative to maximum drawdown	3.22	3.10	+0.12
Martin ratio Return relative to average drawdown	12.92	12.07	+0.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXIV vs. DFAX - Sharpe Ratio Comparison

The current DXIV Sharpe Ratio is 2.16, which is comparable to the DFAX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of DXIV and DFAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DXIV	DFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	2.05	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	0.54	+1.05

Correlation

The correlation between DXIV and DFAX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DXIV vs. DFAX - Dividend Comparison

DXIV's dividend yield for the trailing twelve months is around 2.41%, which matches DFAX's 2.43% yield.

	TTM	2025	2024	2023	2022	2021
DXIV Dimensional International Vector Equity ETF	2.41%	2.50%	0.64%	0.00%	0.00%	0.00%
DFAX Dimensional World ex US Core Equity 2 ETF	2.43%	2.58%	2.98%	3.01%	3.30%	1.40%

Drawdowns

DXIV vs. DFAX - Drawdown Comparison

The maximum DXIV drawdown since its inception was -13.71%, smaller than the maximum DFAX drawdown of -28.15%. Use the drawdown chart below to compare losses from any high point for DXIV and DFAX.

Drawdown Indicators

	DXIV	DFAX	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-28.15%	+14.44%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-11.31%	+0.26%
Current Drawdown Current decline from peak	-6.14%	-7.06%	+0.92%
Average Drawdown Average peak-to-trough decline	-2.48%	-6.86%	+4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.90%	-0.15%

Volatility

DXIV vs. DFAX - Volatility Comparison

The current volatility for Dimensional International Vector Equity ETF (DXIV) is 6.52%, while Dimensional World ex US Core Equity 2 ETF (DFAX) has a volatility of 7.40%. This indicates that DXIV experiences smaller price fluctuations and is considered to be less risky than DFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXIV	DFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.52%	7.40%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	11.34%	-0.99%
Volatility (1Y) Calculated over the trailing 1-year period	16.65%	16.87%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	15.86%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.42%	15.86%	-0.44%