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DFAX vs HFXI: Differences, Returns & Fees

DFAX and HFXI hold 37% of their weight in the same names, and HFXI returned +21.6% over the year. Net assets on Jul 31, 2026: $12.0bn for Dimensional World ex U.S. Core Equity 2 ETF and $2.0bn for NYLIM FTSE International Equity Currency Neutral ETF.

HFXI costs 0.08 points a year less; their one-year returns differ by 0.7 points; DFAX is 5.9 times larger.

DFAXHFXI
Expense ratio0.28%0.20%
Net assets, as of Jul 31, 2026$12.0bn$2.0bn
Total return, 1 year+20.9%+21.6%
What it tracksNo index, actively managednot read by ETFIQ
Holdings in common37%
Top ten holdings, share of the fund8.2%16.3%
Below its high3.4%, high on Sep 4, 20263.9%, high on Jun 22, 2026

Holdings in common uses holdings dated Jul 31, 2026.

+20.9%
DFAX total return, 1 year
+21.6%
HFXI total return, 1 year
0.28%
DFAX expense ratio
0.20%
HFXI expense ratio

What they hold in common

By the books each fund has filed, DFAX and HFXI hold 37% 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.

half

37% in common

Positions both hold, largest shared weight first
Holding DFAX HFXI
Samsung Electronics Co., Ltd. 1.34% 3.70%
SK hynix Inc. 0.81% 2.61%
TOTALENERGIES SE 0.54% 0.67%
Nestle S.A. 0.40% 0.98%
Roche Holding AG 0.39% 1.22%
TOYOTA MOTOR CORPORATION 0.38% 0.80%
Allianz SE 0.30% 0.75%
Mitsubishi UFJ Financial Group, Inc. 0.27% 0.96%
ADVANTEST CORPORATION 0.26% 0.57%
Deutsche Telekom AG 0.26% 0.41%
BHP GROUP LIMITED 0.25% 0.87%
UNICREDIT, SOCIETA PER AZIONI 0.24% 0.56%
Only in DFAX
Taiwan Semiconductor Manufacturing Company Limited 1.86%
Taiwan Semiconductor Manufacturing Company Limited 0.99%
Novartis AG 0.67%
ASML Holding N.V. 0.62%
Tencent Holdings Limited 0.49%
SHELL PLC 0.48%
ROYAL BANK OF CANADA 0.36%
Samsung Electronics Co., Ltd. 0.29%
Only in HFXI
SOFTBANK GROUP CORP 0.48%
INVESTOR AB 0.38%
VANGUARD TAX-MANAGED FUNDS 0.34%
SK SQUARE CO LTD 0.29%
ORIX CORP 0.20%
GOODMAN GROUP 0.19%
JAPAN POST BANK CO LTD 0.16%
3I GROUP PLC 0.15%

Check overlap with more funds →

On the same fields

DFAX
Dimensional World ex U.S. Core Equity 2 ETF
HFXI
NYLIM FTSE International Equity Currency Neutral ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional New York Life Investments
What it is Actively managed Tracks an index
Total return, 1 year +20.9% +21.6%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +3.6 pts +4.3 pts
Expense ratio 0.28% 0.20%
Already in the S&P 500 0.0% 0.0%
Holdings 10481 801
Net assets, as of Jul 31, 2026 $12.0bn $2.0bn

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

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.

HFXI in plain words

HFXI tracks an index. Over the year to Oct 9, 2026 it returned +21.6% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.20% 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 801 positions, with the top ten at 16.3%. It sat 3.9% below its high of Jun 22, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, DFAX or HFXI?
In the year to Oct 9, 2026, with distributions reinvested, DFAX returned +20.9% and HFXI +21.6%.
Which is cheaper, DFAX or HFXI?
HFXI 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 DFAX and HFXI overlap with the S&P 500?
By their latest filed holdings, 0% of DFAX and 0% of HFXI by weight is stocks the S&P 500 already holds.
Other comparisons
DFAX vs DMXFDFAX vs EFADFAX vs VXUSDFAX vs IEFAHFXI vs VSGXDIHP vs HFXIHFXI vs IDEVHFXI vs IDMO
DFAX on its own →HFXI on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DFAX filings on SEC EDGAR ↗DFAX prospectus with the expense ratio (SEC) ↗Dimensional website ↗HFXI filings on SEC EDGAR ↗HFXI prospectus with the expense ratio (SEC) ↗New York Life Investments 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, DFAX against HFXI, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfax-vs-hfxi

Open data

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