Which returned more over the last year, APIE or DFAX?

In the year to Nov 4, 2026, with distributions reinvested, APIE returned +11.9% and DFAX +19.2%.

Which is cheaper, APIE or DFAX?

DFAX is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do APIE and DFAX overlap with the S&P 500?

By their latest filed holdings, 1% of APIE and 0% of DFAX by weight is stocks the S&P 500 already holds.

Data as of Nov 4, 2026.

Across categories

APIE vs DFAX: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Nov 4, 2026, APIE returned +11.9% to DFAX's +19.2%; 20% of their weight is in the same names.

askIQ about this page

askIQ about APIE and DFAX

Net assets: $1.2bn on Aug 31, 2026 for ActivePassive International Equity ETF, and $12.0bn on Jul 31, 2026 for Dimensional World ex U.S. Core Equity 2 ETF.

APIE on its own →DFAX on its own →

At a glance

+11.9%

APIE total return, 1 year

+19.2%

DFAX total return, 1 year

0.45%

APIE expense ratio

0.28%

DFAX expense ratio

Pair scorecard

DFAX costs 0.17 points a year less; their one-year returns differ by 7.3 points.

APIE vs DFAX: Differences, Returns & Fees
Measure	APIE	DFAX
Return
Measure	APIE	DFAX
Total return, 1 year	+11.9%	+19.2%
Drawdown
Measure	APIE	DFAX
Below its high	4.1%, high on Aug 10, 2026	5.0%, high on Sep 4, 2026
Benchmark
Measure	APIE	DFAX
What it tracks	No index, actively managed	No index, actively managed
Cost and size
Measure	APIE	DFAX
Expense ratio	0.45%	0.28%
Net assets, APIE as of Aug 31, 2026 and DFAX as of Jul 31, 2026	$1.2bn	$12.0bn
Holdings
Measure	APIE	DFAX
Holdings in common	20%
Top ten holdings, share of the fund	23.4%	8.2%

Method

What they share

20%

By the books each fund has filed, APIE and DFAX hold 20% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

20% in common

Positions both hold · largest shared weight first APIE DFAX

TSMC 11.50% 0.99%

Novartis AG 0.81% 0.67%

ASML Holding NV 1.75% 0.62%

Tencent Holdings Ltd 2.46% 0.49%

Shell PLC 0.78% 0.48%

Nestle SA 0.66% 0.40%

Roche Holding AG 1.09% 0.39%

HSBC Holdings PLC 1.01% 0.28%

Advantest Corp 0.39% 0.26%

Deutsche Telekom AG 0.69% 0.26%

BP PLC 0.32% 0.25%

Rolls-Royce Holdings PLC 0.83% 0.23%

Only in one fund ↓

Only in APIE

LVMH Moet Hennessy Louis Vuitt 0.72%

Air Liquide SA 0.46%

UniCredit SpA 0.41%

Hexagon AB 0.40%

Cie de Saint-Gobain SA 0.40%

London Stock Exchange Group PL 0.38%

HKEX 0.36%

Cie Financiere Richemont SA 0.35%

Only in DFAX

Taiwan Semiconductor Manufacturing Company Limited 1.86%

Samsung Electronics Co., Ltd. 1.34%

SK hynix Inc. 0.81%

TOTALENERGIES SE 0.54%

TOYOTA MOTOR CORPORATION 0.38%

ROYAL BANK OF CANADA 0.36%

Allianz SE 0.30%

Samsung Electronics Co., Ltd. 0.29%

Check overlap with more funds →

Side by side

APIE ActivePassive International Equity ETF DFAX Dimensional World ex U.S. Core Equity 2 ETF

Where it sits Stock ETF Stock ETF

Issuer Envestnet Dimensional

What it is Actively managed Actively managed

Total return, 1 year +11.9% +19.2%

Its benchmark over the same days not measured +16.8% (IXUS)

Gap to its benchmark not measured +2.4 pts vs IXUS

Expense ratio 0.45% 0.28%

Already in the S&P 500 0.7% 0.0%

Holdings 547 10481

Net assets, APIE as of Aug 31, 2026 and DFAX as of Jul 31, 2026 $1.2bn $12.0bn

APIE and DFAX on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

Client brief:

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

APIE

APIE is actively managed and tracks no index. Over the year to Nov 4, 2026 it returned +11.9% with distributions reinvested. The prospectus expense ratio is 0.45% a year. By its holdings filed for Aug 31, 2026, 1% of the fund by weight is stocks the S&P 500 also holds, across 547 positions, with the top ten at 23.4%. It sat 4.1% below its high of Aug 10, 2026 on Nov 4, 2026.

DFAX

DFAX is actively managed and tracks no index. Over the year to Nov 4, 2026 it returned +19.2% with distributions reinvested, against +16.8% for its benchmark, the MSCI All Country World ex USA IMI Index. The prospectus expense ratio is 0.28% a year. By its holdings filed for Jul 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 10,481 positions, with the top ten at 8.2%. It sat 5.0% below its high of Sep 4, 2026 on Nov 4, 2026.

Questions people ask

Which returned more over the last year, APIE or DFAX?: In the year to Nov 4, 2026, with distributions reinvested, APIE returned +11.9% and DFAX +19.2%.
Which is cheaper, APIE or DFAX?: DFAX is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do APIE and DFAX overlap with the S&P 500?: By their latest filed holdings, 1% of APIE and 0% of DFAX by weight is stocks the S&P 500 already holds.

Other comparisons

APIE vs ESGD APIE vs FENI APIE vs CORO APIE vs IQLT DFAX vs IQDF DFAX vs DFSI DFAX vs SEIE DFAX vs MFSI

Where to next

APIE on its own →DFAX on its own →Hold both: look the portfolio through →Rankings →APIE dividend history →APIE holdings →DFAX dividend history →DFAX holdings →Standards and sources →

Sources and dates

APIE filings on SEC EDGAR ↗

APIE prospectus with the expense ratio (SEC) ↗

Envestnet website ↗

DFAX filings on SEC EDGAR ↗

DFAX prospectus with the expense ratio (SEC) ↗

Dimensional website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, APIE against DFAX, data as of Nov 4, 2026. https://etfiq.com/compare/any/apie-vs-dfax

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.