GMFvsDFAEETF Comparison
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State Street SPDR S&P Emerging Asia Pacific ETF (GMF) and Dimensional Emerging Core Equity Market ETF (DFAE) belong to the same industry segment: EM Blended Cap. GMF's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, DFAE's top sector exposures are Technology, Finance and Non-Energy Materials. GMF is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.29% for DFAE. GMF is up 13% year-to-date (YTD) with +$2M in YTD flows. DFAE performs better with 23.18% YTD performance, and +$1.02B in YTD flows. Run a side-by-side ETF comparison of GMF and DFAE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GMF vs DFAE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GMF DFAE | +2.29%+4.68% | -1.34%-2.08% | +13.00%+23.18% | +20.91%+35.98% | +65.11%+82.60% | +35.63%+57.02% |
| Flows | GMF DFAE | -$8M+$198M | +$24M+$615M | +$2M+$1.02B | -$12M+$1.41B | -$82M+$3.69B | -$231M+$6.34B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GMF DFAE | +18.97%+25.97% | +16.75%+20.94% | +15.23%+16.68% | +16.05%+16.39% |
| Max drawdown | GMF DFAE | -8.05%-12.75% | -11.55%-12.75% | -18.08%-16.33% | -33.81%-29.64% |
| Max drawdown duration | GMF DFAE | 72d70d | 65d70d | 261d245d | 1114d1112d |
Trading data
GMF | DFAE | |
Last sale 9/2/2026 at 1:30 PM | $157.28 | $39.80 |
| Previous close 09/02/2026 | $156.88 | $39.59 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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DFAE
is actively managed and doesn’t replicate an indexGMF | DFAE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
GMF | DFAE | |
|---|---|---|
| Last price | $157.28 | $39.80 |
| 1D performance | +0.25% | +0.53% |
| AuM | $432.10 M | $10.10 B |
| E/R | 0.49% | 0.29% |
Characteristics
GMF | DFAE | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | Dimensional |
| Benchmark | S&P Emerging Asia Pacific BMI Index | - |
| N° of holdings | 1232 | 6088 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 20, 2007 | February 12, 2020 |
| ESG | No | No |
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Exposure
Countries
GMF
Taiwan
38.52%
China
31.14%
India
20.2%
Other
10.14%
DFAE
Taiwan
27.29%
China
18.57%
Republic of Korea
18.09%
India
13.27%
Other
22.78%
Sectors
GMF
Technology
41.61%
Finance
18.26%
Consumer Non-Cycl.
7.23%
Non-Energy Materi.
7.2%
Other
25.7%
DFAE
Technology
40.78%
Finance
19.62%
Non-Energy Materi.
8.27%
Industrials
7.85%
Other
23.48%
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Diversification
GMF
Total weight of top 15 holdings out of 15
35.09%
DFAE
Total weight of top 15 holdings out of 15
32.71%
Top 15 holdings
Data as of July 31, 2026
GMF
Taiwan Semiconductor Manufacturing Co., Ltd.
11.46%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.74%
Tencent Holdings Ltd.
3.75%
Alibaba Group Holding Ltd.
2.87%
MediaTek, Inc.
1.87%
Hon Hai Precision Industry Co., Ltd.
1.23%
China Construction Bank Corp.
1.22%
Delta Electronics, Inc.
1.07%
Reliance Industries Ltd.
0.96%
HDFC Bank Ltd.
0.94%
ICICI Bank Ltd.
0.92%
ASE Technology Holding Co., Ltd.
0.88%
Industrial & Commercial Bank of China Ltd.
0.84%
Bharti Airtel Ltd.
0.67%
PDD Holdings, Inc.
0.65%
DFAE
Taiwan Semiconductor Manufacturing Co., Ltd.
13.21%
Samsung Electronics Co., Ltd.
5.18%
SK hynix, Inc.
4.54%
Tencent Holdings Ltd.
2.57%
Alibaba Group Holding Ltd.
1.20%
MediaTek, Inc.
0.97%
Hon Hai Precision Industry Co., Ltd.
0.79%
China Construction Bank Corp.
0.77%
Samsung Electronics Co., Ltd.
0.67%
Delta Electronics, Inc.
0.62%
Industrial & Commercial Bank of China Ltd.
0.46%
ICICI Bank Ltd.
0.45%
Bharti Airtel Ltd.
0.44%
Ping An Insurance (Group) Co. of China Ltd.
0.43%
Xiaomi Corp.
0.41%
Frequently asked questions about GMF and DFAE
How have the GMF and DFAE ETFs performed in 2026?
As of September 2, 2026, GMF is up 13% year-to-date (YTD), while DFAE has returned 23.18%. That puts DFAE better performer ahead so far this year.
Which ETF is attracting more investor money: GMF or DFAE?
Year-to-date, the GMF ETF saw +$2M in flows, compared to +$1.02B for DFAE.
Which ETF is more volatile: GMF or DFAE?
Over the past year, GMF had a volatility of 16.75%, while DFAE experienced 20.94%.
Which ETF is bigger: GMF or DFAE?
As of September 2, 2026, GMF holds $432.10 M in assets under management (AUM), while DFAE manages $10.10 B.
What sectors do the GMF and DFAE ETFs invest in?
GMF leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, DFAE focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the GMF ETF and DFAE ETF?
GMF top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Taiwan Semiconductor Manufacturing Co., Ltd. and Tencent Holdings Ltd.. DFAE holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: GMF or DFAE?
GMF holds 1261 securities with 35.09% of its assets in the top 15. DFAE has 6260 securities and a top 15 weight of 32.71%.
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