CWI vs DFAX: holdings overlap, shared companies and scores
As of October 9, 2026, CWI and DFAX overlap 46.7% by weight. State Street SPDR MSCI ACWI ex-US ETF (CWI): International equities outside the U.S. Dimensional World ex U.S. Core Equity 2 ETF (DFAX): Non-U.S. developed and emerging equities.
Updated October 9, 2026
Where CWI and DFAX trade against their own history
CWI trades at 16.3 times earnings, against its own median of 15.6, and is more expensive than 70% of its own last 9 years.
DFAX trades at 15.2 times earnings, against its own median of 13.7, and is more expensive than 73% of its own last 4 years.
What do CWI and DFAX each hold?
What's inside CWI: Tech 23%, Semiconductors 13%.
16% of CWI is its ten largest holdings.
What's inside DFAX: Tech 20%, Semiconductors 10%.
10% of DFAX is its ten largest holdings.
How much do CWI and DFAX overlap? 46.7% by weight
As of October 9, 2026, CWI and DFAX overlap 46.7% by weight.
95% of CWI is already inside DFAX.
55% of DFAX is already inside CWI.
CWI holds 1,095 companies and DFAX holds 10,313; 983 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score CWI and DFAX? 5.0 and 5.1 out of 10
As of October 9, 2026, ETF Copilot scores CWI 5.0 out of 10 and DFAX 5.1 out of 10.
They differ most on Quality: CWI 6.1 and DFAX 3.9.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | CWI | DFAX |
|---|---|---|
| Growth | 5.3 | 5.9 |
| Value | 2.4 | 2.0 |
| Risk | 6.0 | 6.1 |
| Quality | 6.1 | 3.9 |
| Return | 5.2 | 6.4 |
DFAX is the cheaper of the two at 0.28% a year
As of October 9, 2026, CWI charges 0.30% a year, yields 2.69% and holds $2.9B in assets across 1095 positions.
As of October 9, 2026, DFAX charges 0.28% a year, yields 2.39% and holds $12.2B in assets across 10313 positions.
| Measure | CWI | DFAX |
|---|---|---|
| Expense ratio | 0.30% | 0.28% |
| Dividend yield | 2.69% | 2.39% |
| Assets under management | $2.9B | $12.2B |
| Holdings | 1095 | 10313 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “CWI vs DFAX holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/cwi-vs-dfax
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