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

In the year to Oct 9, 2026, with distributions reinvested, DBEF returned +18.5% and DFAX +20.9%.

Which is cheaper, DBEF or DFAX?

DFAX is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

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DBEF vs DFAX: Differences, Returns & Fees

DBEF and DFAX hold 33% of their weight in the same names, and DFAX returned +20.9% over the year. Net assets: $9.2bn on Oct 9, 2026 for Xtrackers MSCI EAFE Hedged Equity ETF, and $12.0bn on Jul 31, 2026 for Dimensional World ex U.S. Core Equity 2 ETF.

DFAX costs 0.07 points a year less; their one-year returns differ by 2.4 points.

	DBEF	DFAX
Expense ratio	0.35%	0.28%
Net assets, DBEF as of Oct 9, 2026 and DFAX as of Jul 31, 2026	$9.2bn	$12.0bn
Total return, 1 year	+18.5%	+20.9%
What it tracks	MSCI EAFE US Dollar Hedged Index	No index, actively managed
Holdings in common	33%
Top ten holdings, share of the fund	13.3%	8.2%
Below its high	3.1%, high on Aug 13, 2026	3.4%, high on Sep 4, 2026

Holdings in common uses holdings dated May 29, 2026 and Jul 31, 2026.

+18.5%

DBEF total return, 1 year

+20.9%

DFAX total return, 1 year

0.35%

DBEF expense ratio

0.28%

DFAX expense ratio

What they hold in common

By the books each fund has filed, DBEF and DFAX hold 33% 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 May 29, 2026 and Jul 31, 2026.

50%

half

33% in common

Positions both hold, largest shared weight first

Holding DBEF DFAX

TOTALENERGIES SE 0.78% 0.54%

NESTLE' SA/AG 1.18% 0.40%

ROCHE HOLDING AG 1.33% 0.39%

TOYOTA MOTOR CORP 0.81% 0.38%

ALLIANZ SE 0.76% 0.30%

MITSUBISHI UFJ FINANCIAL GROUP INC 0.91% 0.27%

ADVANTEST CORP 0.54% 0.26%

DEUTSCHE TELEKOM AG 0.52% 0.26%

BHP GROUP LTD 1.03% 0.25%

UNICREDIT SPA 0.53% 0.24%

ENGIE SA 0.25% 0.24%

SONY GROUP CORP 0.57% 0.23%

Only in DBEF

SOFTBANK GROUP CORP 0.79%

SPOTIFY TECHNOLOGY SA 0.33%

INVESTOR AB 0.32%

NEBIUS GROUP NV 0.21%

GOODMAN GROUP 0.20%

ORIX CORP 0.19%

JAPAN POST BANK CO LTD 0.15%

SEA LTD 0.15%

Only in DFAX

Taiwan Semiconductor Manufacturing Company Limited 1.86%

Samsung Electronics Co., Ltd. 1.34%

Taiwan Semiconductor Manufacturing Company Limited 0.99%

SK hynix Inc. 0.81%

Novartis AG 0.67%

ASML Holding N.V. 0.62%

Tencent Holdings Limited 0.49%

SHELL PLC 0.48%

Check overlap with more funds →

On the same fields

DBEF

Xtrackers MSCI EAFE Hedged Equity ETF

DFAX

Dimensional World ex U.S. Core Equity 2 ETF

Where it sits Stock ETF Stock ETF

Issuer Xtrackers Dimensional

What it is Tracks an index Actively managed

Total return, 1 year +18.5% +20.9%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 +1.3 pts +3.6 pts

Expense ratio 0.35% 0.28%

Already in the S&P 500 0.0% 0.0%

Holdings 677 10481

Net assets, DBEF as of Oct 9, 2026 and DFAX as of Jul 31, 2026 $9.2bn $12.0bn

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

DBEF in plain words

DBEF tracks an index. Over the year to Oct 9, 2026 it returned +18.5% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.35% a year. By its holdings filed for May 29, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 677 positions, with the top ten at 13.3%. It sat 3.1% below its high of Aug 13, 2026 on Oct 9, 2026.

DFAX in plain words

DFAX is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +20.9% with distributions reinvested, against +17.3% for the S&P 500. 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 3.4% below its high of Sep 4, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, DBEF or DFAX?: In the year to Oct 9, 2026, with distributions reinvested, DBEF returned +18.5% and DFAX +20.9%.
Which is cheaper, DBEF or DFAX?: DFAX is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DBEF and DFAX overlap with the S&P 500?: By their latest filed holdings, 0% of DBEF and 0% of DFAX by weight is stocks the S&P 500 already holds.

Other comparisons

DBEF vs VEA DBEF vs ESGD DBEF vs FENI DBEF vs IQLT DFAX vs VIGI DFAX vs HEFA DFAX vs FENI DFAX vs ESGD

DBEF on its own →DFAX on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

DBEF filings on SEC EDGAR ↗DBEF prospectus with the expense ratio (SEC) ↗Xtrackers website ↗DFAX filings on SEC EDGAR ↗DFAX 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, DBEF against DFAX, data as of Oct 9, 2026. https://etfiq.com/compare/any/dbef-vs-dfax

Open data

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