DAX vs DFAX: holdings overlap, shared companies and scores
As of October 9, 2026, DAX and DFAX overlap 3.8% by weight. Global X DAX Germany ETF (DAX): German large-cap stocks. Dimensional World ex U.S. Core Equity 2 ETF (DFAX): Non-U.S. developed and emerging equities.
Updated October 9, 2026
Where DAX and DFAX trade against their own history
DAX trades at 16.3 times earnings, against its own median of 14.8, and is more expensive than 69% 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 moved DAX this week
DAX fell 1.0% in the week to October 9, 2026. The holdings that moved it most were Deutsche Telekom (−7.3%), Siemens (−1.7%) and Airbus (−1.5%); SAP (+3.8%) pushed the other way.
What do DAX and DFAX each hold?
What's inside DAX: Tech 15%, Semiconductors 5%.
65% of DAX is its ten largest holdings.
What's inside DFAX: Tech 20%, Semiconductors 10%.
10% of DFAX is its ten largest holdings.
How much do DAX and DFAX overlap? 3.8% by weight
As of October 9, 2026, DAX and DFAX overlap 3.8% by weight.
100% of DAX is already inside DFAX.
4% of DFAX is already inside DAX.
DAX holds 41 companies and DFAX holds 10,313; 40 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 DAX and DFAX? 3.8 and 5.1 out of 10
As of October 9, 2026, ETF Copilot scores DAX 3.8 out of 10 and DFAX 5.1 out of 10.
They differ most on Risk: DAX 3.1 and DFAX 6.1.
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 | DAX | DFAX |
|---|---|---|
| Growth | 5.8 | 5.9 |
| Value | 1.7 | 2.0 |
| Risk | 3.1 | 6.1 |
| Quality | 3.8 | 3.9 |
| Return | 3.7 | 6.4 |
DAX is the cheaper of the two at 0.20% a year
As of October 9, 2026, DAX charges 0.20% a year, yields 2.15% and holds $208M in assets across 41 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 | DAX | DFAX |
|---|---|---|
| Expense ratio | 0.20% | 0.28% |
| Dividend yield | 2.15% | 2.39% |
| Assets under management | $208M | $12.2B |
| Holdings | 41 | 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, “DAX vs DFAX holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/dax-vs-dfax
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