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DFAI vs IMFL: Differences, Returns & Fees

DFAI and IMFL hold 57% of their weight in the same names, and IMFL returned +23.1% over the year. Net assets: $17.5bn on Jul 31, 2026 for Dimensional International Core Equity Market ETF, and $1.1bn on Oct 9, 2026 for Invesco International Developed Dynamic Multifactor ETF.

DFAI costs 0.16 points a year less; their one-year returns differ by 6.8 points.

DFAIIMFL
Expense ratio0.18%0.34%
Net assets, DFAI as of Jul 31, 2026 and IMFL as of Oct 9, 2026$17.5bn$1.1bn
Total return, 1 year+16.3%+23.1%
What it tracksNo index, actively managednot read by ETFIQ
Holdings in common57%
Holdings datedJul 31, 2026Oct 10, 2026
Top ten holdings, share of the fund9.2%21.2%
Below its high4.7%, high on Aug 25, 20264.8%, high on Aug 25, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+16.3%
DFAI total return, 1 year
+23.1%
IMFL total return, 1 year
0.18%
DFAI expense ratio
0.34%
IMFL expense ratio

What they hold in common

By the books each fund has filed, DFAI and IMFL hold 57% 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 9, 2026.

half

57% in common

Positions both hold, largest shared weight first
Holding DFAI IMFL
Roche Holding AG 1.05% 2.02%
SHELL PLC 1.01% 1.60%
Nestle S.A. 0.84% 1.48%
ASTRAZENECA PLC 0.81% 1.02%
TOTALENERGIES SE 0.62% 1.03%
BHP GROUP LIMITED 0.59% 1.51%
Sony Group Corporation 0.54% 0.59%
NOVO NORDISK A/S 0.47% 0.51%
Hitachi, Ltd. 0.46% 0.90%
SAFRAN SA 0.45% 0.80%
Deutsche Telekom AG 0.44% 0.48%
SCHNEIDER ELECTRIC SE 0.44% 0.91%
Only in DFAI
ASML Holding N.V. 1.63%
Novartis AG 0.67%
ROYAL BANK OF CANADA 0.32%
Banco Bilbao Vizcaya Argentaria, S.A. 0.30%
UBS Group AG 0.24%
BHP GROUP LIMITED 0.20%
Banco Santander, S.A. 0.16%
MITSUI E&S Co., Ltd. 0.15%
Only in IMFL
Samsung Electronics Co Ltd 4.98%
SK hynix Inc 2.35%
Investor AB 1.32%
Samsung Electronics Co Ltd 0.66%
3i Group PLC 0.39%
Investor AB 0.35%
Goodman Group 0.24%
Kia Corp 0.23%

Check overlap with more funds →

On the same fields

DFAI
Dimensional International Core Equity Market ETF
IMFL
Invesco International Developed Dynamic Multifactor ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional Invesco
What it is Actively managed Tracks an index
Total return, 1 year +16.3% +23.1%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −1.0 pts +5.8 pts
Expense ratio 0.18% 0.34%
Already in the S&P 500 0.0% 0.0%
Holdings 3769 1155
Net assets, DFAI as of Jul 31, 2026 and IMFL as of Oct 9, 2026 $17.5bn $1.1bn

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

DFAI in plain words

DFAI is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +16.3% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.18% 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 3,769 positions, with the top ten at 9.2%. It sat 4.7% below its high of Aug 25, 2026 on Oct 9, 2026.

IMFL in plain words

IMFL tracks an index. Over the year to Oct 9, 2026 it returned +23.1% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,155 positions, with the top ten at 21.2%. 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, DFAI or IMFL?
In the year to Oct 9, 2026, with distributions reinvested, DFAI returned +16.3% and IMFL +23.1%.
Which is cheaper, DFAI or IMFL?
DFAI is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFAI and IMFL overlap with the S&P 500?
By their latest filed holdings, 0% of DFAI and 0% of IMFL by weight is stocks the S&P 500 already holds.
Other comparisons
DFAI vs MFSIDFAI vs SEIEDFAI vs DMXFDFAI vs DFSIIMFL vs VEADFIC vs IMFLIMFL vs IQLTDFAX vs IMFL
DFAI on its own →IMFL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DFAI filings on SEC EDGAR ↗DFAI prospectus with the expense ratio (SEC) ↗Dimensional website ↗IMFL filings on SEC EDGAR ↗IMFL prospectus with the expense ratio (SEC) ↗Invesco page for IMFL ↗

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, DFAI against IMFL, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfai-vs-imfl

Open data

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