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DFEM vs XCEM: Differences, Returns & Fees

DFEM and XCEM hold 46% of their weight in the same names, and XCEM returned +43.8% over the year. Net assets: $9.0bn on Jul 31, 2026 for Dimensional Emerging Markets Core Equity 2 ETF, and $2.1bn on Jun 30, 2026 for Columbia EM Core ex-China ETF.

XCEM costs 0.23 points a year less; their one-year returns differ by 17.7 points.

DFEMXCEM
Expense ratio0.39%0.16%
Net assets, DFEM as of Jul 31, 2026 and XCEM as of Jun 30, 2026$9.0bn$2.1bn
Total return, 1 year+26.1%+43.8%
What it tracksNo index, actively managedBeta Thematic Emerging Markets ex-China Index
Holdings in common46%
Top ten holdings, share of the fund24.3%37.4%
Below its high4.3%, high on Jun 22, 20266.4%, high on Jun 22, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.

+26.1%
DFEM total return, 1 year
+43.8%
XCEM total return, 1 year
0.39%
DFEM expense ratio
0.16%
XCEM expense ratio

What they hold in common

By the books each fund has filed, DFEM and XCEM hold 46% 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 Jun 30, 2026 and Jul 31, 2026.

half

46% in common

Positions both hold, largest shared weight first
Holding DFEM XCEM
Taiwan Semiconductor Manufacturing Company Limited 10.26% 14.94%
Samsung Electronics Co., Ltd. 4.40% 9.69%
SK hynix Inc. 4.25% 4.56%
HON HAI PRECISION INDUSTRY CO., LTD. 0.46% 1.05%
ICICI BANK LIMITED 0.45% 0.85%
MediaTek Inc. 0.41% 1.57%
HDFC BANK LIMITED 0.41% 0.91%
UNIMICRON TECHNOLOGY CORP. 0.39% 0.67%
BHARTI AIRTEL LIMITED 0.37% 0.42%
SAMSUNG ELECTRO-MECHANICS CO.,LTD 0.37% 1.40%
DELTA ELECTRONICS, INC. 0.36% 1.49%
Petroleo Brasileiro S.A. (Petrobras) 0.36% 0.37%
Only in DFEM
Tencent Holdings Limited 1.95%
Alibaba Group Holding Limited 0.82%
CHINA CONSTRUCTION BANK CORPORATION 0.75%
Ping An Insurance (Group) Company of China, Ltd. 0.48%
Samsung Electronics Co., Ltd. 0.42%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED 0.35%
Lenovo Group Limited 0.35%
VALE S.A. 0.33%
Only in XCEM
SK Square Co Ltd 0.94%
International Holding Co PJSC 0.81%
iShares Semiconductor ETF 0.79%
VanEck Semiconductor ETF 0.78%
Delta Electronics Thailand PCL 0.59%
Itausa SA 0.39%
Kia Corp 0.27%
Bajaj Finance Ltd 0.27%

Check overlap with more funds →

On the same fields

DFEM
Dimensional Emerging Markets Core Equity 2 ETF
XCEM
Columbia EM Core ex-China ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional Columbia
What it is Actively managed Tracks an index
Total return, 1 year +26.1% +43.8%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +8.9 pts +26.5 pts
Expense ratio 0.39% 0.16%
Already in the S&P 500 0.0% 0.0%
Holdings 6672 449
Net assets, DFEM as of Jul 31, 2026 and XCEM as of Jun 30, 2026 $9.0bn $2.1bn

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

DFEM in plain words

DFEM is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +26.1% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.39% 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 6,672 positions, with the top ten at 24.3%. It sat 4.3% below its high of Jun 22, 2026 on Oct 9, 2026.

XCEM in plain words

XCEM tracks an index. Over the year to Oct 9, 2026 it returned +43.8% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.16% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 449 positions, with the top ten at 37.4%. It sat 6.4% below its high of Jun 22, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, DFEM or XCEM?
In the year to Oct 9, 2026, with distributions reinvested, DFEM returned +26.1% and XCEM +43.8%.
Which is cheaper, DFEM or XCEM?
XCEM is cheaper, by 0.23 percentage points a year. That is about $23 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFEM and XCEM overlap with the S&P 500?
By their latest filed holdings, 0% of DFEM and 0% of XCEM by weight is stocks the S&P 500 already holds.
Other comparisons
DFEM vs PXHDFEM vs DFEVDFEM vs EMGFDFEM vs DGSEEMV vs XCEMEMXC vs XCEMEEM vs XCEMXCEM vs XSOE
DFEM on its own →XCEM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DFEM filings on SEC EDGAR ↗DFEM prospectus with the expense ratio (SEC) ↗Dimensional website ↗XCEM filings on SEC EDGAR ↗XCEM prospectus with the expense ratio (SEC) ↗Columbia 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, DFEM against XCEM, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfem-vs-xcem

Open data

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