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CWI vs DFIC: Differences, Returns & Fees

CWI and DFIC hold 40% of their weight in the same names. Net assets: $2.9bn on Oct 8, 2026 for State Street SPDR MSCI ACWI ex-US ETF, and $14.8bn on Jul 31, 2026 for Dimensional International Core Equity 2 ETF.

DFIC costs 0.08 points a year less; their one-year returns differ by 0.4 points.

CWIDFIC
Expense ratio0.30%0.22%
Net assets, CWI as of Oct 8, 2026 and DFIC as of Jul 31, 2026$2.9bn$14.8bn
Total return, 1 year+17.8%+17.4%
What it tracksnot read by ETFIQNo index, actively managed
Holdings in common40%
Top ten holdings, share of the fund16.1%6.9%
Below its high3.9%, high on Sep 4, 20264.8%, high on Aug 25, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 8, 2026.

+17.8%
CWI total return, 1 year
+17.4%
DFIC total return, 1 year
0.30%
CWI expense ratio
0.22%
DFIC expense ratio

What they hold in common

By the books each fund has filed, CWI and DFIC hold 40% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Oct 8, 2026.

half

40% in common

Positions both hold, largest shared weight first
Holding CWI DFIC
ROYAL BANK OF CANADA 0.84% 0.67%
ROCHE HOLDING AG 0.85% 0.63%
NESTLE SA REG 0.65% 0.62%
ALLIANZ SE REG 0.55% 0.48%
TOTALENERGIES SE 0.48% 0.72%
TOYOTA MOTOR CORP 0.49% 0.46%
ROLLS ROYCE HOLDINGS PLC 0.46% 0.45%
BHP GROUP LTD 0.60% 0.42%
UNICREDIT SPA 0.40% 0.40%
MITSUBISHI UFJ FINANCIAL GRO 0.69% 0.36%
TORONTO DOMINION BANK 0.63% 0.35%
SUNCOR ENERGY INC 0.34% 0.35%
Only in CWI
TAIWAN SEMICONDUCTOR MANUFAC 3.38%
SAMSUNG ELECTR GDR REG S 2.64%
TAIWAN SEMICONDUCTOR SP ADR 1.96%
SK HYNIX INC 1.88%
TENCENT HOLDINGS LTD 0.85%
SHELL PLC 0.78%
ALIBABA GROUP HOLDING LTD 0.58%
MEDIATEK INC 0.52%
Only in DFIC
ASML Holding N.V. 1.05%
SHELL PLC 0.98%
Novartis AG 0.76%
HSBC HOLDINGS PLC 0.49%
Banco Bilbao Vizcaya Argentaria, S.A. 0.48%
BP P.L.C. 0.40%
BHP GROUP LIMITED 0.26%
NN Group N.V. 0.21%

Check overlap with more funds →

On the same fields

CWI
State Street SPDR MSCI ACWI ex-US ETF
DFIC
Dimensional International Core Equity 2 ETF
Where it sits Stock ETF Stock ETF
Issuer State Street Dimensional
What it is Tracks an index Actively managed
Total return, 1 year +17.8% +17.4%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +0.6 pts +0.2 pts
Expense ratio 0.30% 0.22%
Already in the S&P 500 0.0% 0.1%
Holdings 1110 4118
Net assets, CWI as of Oct 8, 2026 and DFIC as of Jul 31, 2026 $2.9bn $14.8bn

CWI and DFIC on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

CWI in plain words

CWI tracks an index. Over the year to Oct 9, 2026 it returned +17.8% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 8, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,110 positions, with the top ten at 16.1%. It sat 3.9% below its high of Sep 4, 2026 on Oct 9, 2026.

DFIC in plain words

DFIC is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +17.4% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.22% 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 4,118 positions, with the top ten at 6.9%. It sat 4.8% below its high of Aug 25, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, CWI or DFIC?
In the year to Oct 9, 2026, with distributions reinvested, CWI returned +17.8% and DFIC +17.4%.
Which is cheaper, CWI or DFIC?
DFIC is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do CWI and DFIC overlap with the S&P 500?
By their latest filed holdings, 0% of CWI and 0% of DFIC by weight is stocks the S&P 500 already holds.
Other comparisons
CWI vs DFAICWI vs DFAXCWI vs HEFACWI vs VSGXDFIC vs IMFLDFIC vs DMXFDFIC vs GSIDDFIC vs EFA
CWI on its own →DFIC on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
CWI filings on SEC EDGAR ↗CWI prospectus with the expense ratio (SEC) ↗State Street website ↗DFIC filings on SEC EDGAR ↗DFIC prospectus with the expense ratio (SEC) ↗Dimensional website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, CWI against DFIC, data as of Oct 9, 2026. https://etfiq.com/compare/any/cwi-vs-dfic

Open data

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