A
vs
B
Share
Ask IQ about these two funds

DFAX vs IQLT: Differences, Returns & Fees

DFAX and IQLT hold 14% of their weight in the same names, and DFAX returned +20.9% over the year. Net assets: $12.0bn on Jul 31, 2026 for Dimensional World ex U.S. Core Equity 2 ETF, and $13.6bn on Oct 9, 2026 for iShares MSCI Intl Quality Factor ETF.

DFAX costs 0.02 points a year less; their one-year returns differ by 6.1 points.

DFAXIQLT
Expense ratio0.28%0.30%
Net assets, DFAX as of Jul 31, 2026 and IQLT as of Oct 9, 2026$12.0bn$13.6bn
Total return, 1 year+20.9%+14.8%
What it tracksNo index, actively managednot read by ETFIQ
Holdings in common14%
Top ten holdings, share of the fund8.2%23.7%
Below its high3.4%, high on Sep 4, 20264.8%, high on Aug 25, 2026

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

+20.9%
DFAX total return, 1 year
+14.8%
IQLT total return, 1 year
0.28%
DFAX expense ratio
0.30%
IQLT expense ratio

What they hold in common

By the books each fund has filed, DFAX and IQLT hold 14% 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

14% in common

Positions both hold, largest shared weight first
Holding DFAX IQLT
Novartis AG 0.67% 1.67%
ASML Holding N.V. 0.62% 6.01%
TOTALENERGIES SE 0.54% 1.34%
SHELL PLC 0.48% 1.85%
Nestle S.A. 0.40% 1.69%
Fujikura Ltd. 0.31% 0.52%
Allianz SE 0.30% 2.57%
ADVANTEST CORPORATION 0.26% 2.24%
BHP GROUP LIMITED 0.25% 1.54%
ROLLS-ROYCE HOLDINGS PLC 0.23% 1.41%
CELESTICA INC. 0.22% 0.52%
CANADIAN NATURAL RESOURCES LIMITED 0.21% 1.01%
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%
Tencent Holdings Limited 0.49%
TOYOTA MOTOR CORPORATION 0.38%
ROYAL BANK OF CANADA 0.36%
Samsung Electronics Co., Ltd. 0.29%
Only in IQLT
ROCHE PS PAR AG 2.20%
MUENCHENER RUECKVERSICHERUNGS-GESE 1.09%
NOVO NORDISK CLASS B 0.92%
DEUTSCHE BOERSE AG 0.86%
INVESTOR CLASS B 0.80%
LVMH 0.80%
LAIR LIQUIDE SOCIETE ANONYME POUR 0.71%
GLAXOSMITHKLINE 0.67%

Check overlap with more funds →

On the same fields

DFAX
Dimensional World ex U.S. Core Equity 2 ETF
IQLT
iShares MSCI Intl Quality Factor ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional iShares
What it is Actively managed Tracks an index
Total return, 1 year +20.9% +14.8%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +3.6 pts −2.5 pts
Expense ratio 0.28% 0.30%
Already in the S&P 500 0.0% 0.0%
Holdings 10481 294
Net assets, DFAX as of Jul 31, 2026 and IQLT as of Oct 9, 2026 $12.0bn $13.6bn

DFAX and IQLT 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.

IQLT in plain words

IQLT tracks an index. Over the year to Oct 9, 2026 it returned +14.8% 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 9, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 294 positions, with the top ten at 23.7%. 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 IQLT?
In the year to Oct 9, 2026, with distributions reinvested, DFAX returned +20.9% and IQLT +14.8%.
Which is cheaper, DFAX or IQLT?
DFAX is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFAX and IQLT overlap with the S&P 500?
By their latest filed holdings, 0% of DFAX and 0% of IQLT by weight is stocks the S&P 500 already holds.
Other comparisons
CORO vs DFAXDFAX vs DFICDFAX vs ESGDDFAX vs FENIESGD vs IQLTFENI vs IQLTDFIC vs IQLTIQLT vs VIGI
DFAX on its own →IQLT 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 ↗IQLT filings on SEC EDGAR ↗IQLT prospectus with the expense ratio (SEC) ↗iShares page for IQLT ↗

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 IQLT, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfax-vs-iqlt

Open data

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