DFAX vs GBTC

Comparison between DIMENSIONAL WORLD EX U.S. CORE EQUITY 2 ETF (DFAX, ETF) and Grayscale Investments LLC (GBTC, ETF).

5-Year PerformanceDFAX has outperformed GBTC, delivering a return of +10.4% compared to +5.9%

DFAX vs GBTC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DFAX(ETF)	GBTC(ETF)
Net Assets	$11B	$11B
Expense Ratio	0.28%	1.50%
Max Drawdown	30.88%	89.91%
Sharpe Ratio	2.23	-0.32
5Y Beta	0.70	1.29

Net Assets

DFAX

$11B

GBTC

$11B

Expense Ratio

Winner

DFAX

0.28%

GBTC

1.50%

Max Drawdown

Winner

DFAX

30.88%

GBTC

89.91%

Sharpe Ratio

Winner

DFAX

2.23

GBTC

-0.32

5Y Beta

Winner

DFAX

0.70

GBTC

1.29

DFAX vs GBTC - Holdings Comparison

DFAX and GBTC have 0 common holdings. Overlap is 0.00%

DFAX's top 25 holdings weight is 5.90%. GBTC's top 25 holdings weight is 12.55%.

Rank	DFAX	GBTC
#1	n/a (TSM) - 0.85%	GRAYSCALE BITCOIN MINI TRUST (BTC) (BTC) - 12.55%
#2	NOVARTIS AG ADR (NVS) - 0.60%	N/A
#3	n/a (SHEL) - 0.57%	N/A
#4	ASML HOLDING NV ADR (ASML) - 0.43%	N/A
#5	BP PLC ADR (BP) - 0.27%	N/A
#6	HSBC HOLDINGS PLC ADR (HSBC) - 0.23%	N/A
#7	ASTRAZENECA PLC ADR (AZN) - 0.23%	N/A
#8	SUNCOR ENERGY INC (SU) - 0.22%	N/A
#9	ROYAL BANK OF CANADA (RY) - 0.21%	N/A
#10	UNILEVER PLC ADR (UL) - 0.20%	N/A
#11	CANADIAN NATURAL RESOURCES LTD (CNQ) - 0.19%	N/A
#12	AGNICO EAGLE MINES LTD (AEM) - 0.17%	N/A
#13	THE TORONTO-DOMINION BANK (TD) - 0.17%	N/A
#14	BHP GROUP LTD ADR (BHP) - 0.15%	N/A
#15	ICICI BANK LTD ADR (IBN) - 0.15%	N/A
#16	n/a (CLS) - 0.14%	N/A
#17	BANCO BILBAO VIZCAYA ARGENTARIA SA ADR (BBVA) - 0.14%	N/A
#18	ALCON INC (ALC) - 0.14%	N/A
#19	RIO TINTO PLC ADR (RIO) - 0.14%	N/A
#20	CENOVUS ENERGY INC (CVE) - 0.13%	N/A
#21	TC ENERGY CORP (TRP) - 0.12%	N/A
#22	YUM CHINA HOLDINGS INC (YUMC) - 0.12%	N/A
#23	NUTRIEN LTD (NTR) - 0.11%	N/A
#24	SUN LIFE FINANCIAL INC (SLF) - 0.11%	N/A
#25	GSK PLC ADR (GSK) - 0.11%	N/A
Total Holdings	52	1

DFAX vs GBTC - Historical Returns

Returns include dividend reinvestment.

Period	DFAX	GBTC
1 month	+4.82%	+12.23%
3 months	+4.51%	+12.90%
6 months	+20.01%	-23.36%
1 year	+41.38%	-22.09%
5 years(CAGR)	+10.42%	+5.85%
10 years(CAGR)	N/A	+55.73%
Max(CAGR)	+10.42%	+57.73%

DFAX

+4.82%

Winner

GBTC

+12.23%

DFAX

+4.51%

Winner

GBTC

+12.90%

Winner

DFAX

+20.01%

GBTC

-23.36%

Winner

DFAX

+41.38%

GBTC

-22.09%

5Y(CAGR)

Winner

DFAX

+10.42%

GBTC

+5.85%

10Y(CAGR)

DFAX

N/A

GBTC

+55.73%

Max(CAGR)

DFAX

+10.42%

Winner

GBTC

+57.73%

DFAX vs GBTC - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	DFAX	GBTC
2026	+13.45%	-11.16%
2025	+35.62%	-11.46%
2024	+5.82%	+100.87%
2023	+15.89%	+322.20%
2022	-14.97%	-75.81%
2021	-2.69%	-2.37%
2020	N/A	+301.00%
2019	N/A	+77.27%
2018	N/A	-84.05%
2017	N/A	+1558.98%
2016	N/A	+90.08%
2015	N/A	+50.01%

DFAX vs GBTC Drawdown Comparison

The maximum drawdown for DFAX was -28.13%, occurring on Oct 12, 2022. Recovery took 624 trading sessions.

The maximum drawdown for GBTC was -89.91%, occurring on Dec 14, 2018. Recovery took 766 trading sessions.

The current GBTC drawdown is -36.70%.

Rank	DFAX	GBTC
#1	-28.13% Sep 13, 2021 - Mar 7, 2024	-89.91% Dec 18, 2017 - Jan 5, 2021
#2	-13.89% Mar 19, 2025 - May 2, 2025	-86.24% Feb 19, 2021 - Mar 4, 2024
#3	-11.11% Feb 25, 2026 - May 6, 2026	-57.96% May 5, 2015 - Dec 8, 2015
#4	-9.41% Sep 26, 2024 - Mar 17, 2025	-49.55% Oct 6, 2025 - Feb 5, 2026
#5	-7.96% Jul 12, 2024 - Aug 23, 2024	-48.42% Aug 31, 2017 - Nov 3, 2017
#6	-4.58% Nov 12, 2025 - Dec 10, 2025	-41.48% Jun 17, 2016 - Jan 3, 2017
#7	-4.21% Apr 9, 2024 - May 6, 2024	-36.93% Dec 15, 2015 - Apr 21, 2016
#8	-3.83% Aug 23, 2024 - Sep 19, 2024	-36.68% Jun 6, 2017 - Aug 10, 2017
#9	-3.40% Jul 23, 2025 - Aug 12, 2025	-35.04% Mar 13, 2024 - Nov 11, 2024
#10	-3.37% Oct 6, 2025 - Oct 24, 2025	-30.26% Jan 7, 2021 - Feb 8, 2021
#11	-3.19% May 17, 2024 - Jul 11, 2024	-28.76% Jan 4, 2017 - May 1, 2017
#12	-2.48% Jun 12, 2025 - Jun 26, 2025	-28.45% Dec 17, 2024 - May 21, 2025
#13	-2.21% Oct 27, 2025 - Nov 11, 2025	-19.31% May 9, 2017 - May 22, 2017
#14	-1.94% Aug 22, 2025 - Sep 8, 2025	-18.18% May 9, 2016 - May 31, 2016
#15	-1.87% Jan 27, 2026 - Feb 6, 2026	-15.79% Nov 3, 2017 - Nov 20, 2017