DFAX vs IMFL: Differences, Returns & Fees
DFAX and IMFL hold 37% of their weight in the same names, and IMFL returned +23.1% over the year. Net assets: $12.0bn on Jul 31, 2026 for Dimensional World ex U.S. Core Equity 2 ETF, and $1.1bn on Oct 9, 2026 for Invesco International Developed Dynamic Multifactor ETF.
DFAX costs 0.06 points a year less; their one-year returns differ by 2.2 points.
| DFAX | IMFL | |
|---|---|---|
| Expense ratio | 0.28% | 0.34% |
| Net assets, DFAX as of Jul 31, 2026 and IMFL as of Oct 9, 2026 | $12.0bn | $1.1bn |
| Total return, 1 year | +20.9% | +23.1% |
| What it tracks | No index, actively managed | not read by ETFIQ |
| Holdings in common | 37% | |
| Holdings dated | Jul 31, 2026 | Oct 10, 2026 |
| Top ten holdings, share of the fund | 8.2% | 21.2% |
| Below its high | 3.4%, high on Sep 4, 2026 | 4.8%, high on Aug 25, 2026 |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, DFAX and IMFL 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 and Oct 9, 2026.
half
37% in common
On the same fields
DFAX and IMFL 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.
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, DFAX or IMFL?
- In the year to Oct 9, 2026, with distributions reinvested, DFAX returned +20.9% and IMFL +23.1%.
- Which is cheaper, DFAX or IMFL?
- DFAX is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, DFAX against IMFL, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfax-vs-imfl
ETFIQ. (Oct 9, 2026). DFAX against IMFL. Retrieved from https://etfiq.com/compare/any/dfax-vs-imfl
[DFAX against IMFL (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/dfax-vs-imfl)
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