AVDE vs DFIC: Grades, Fees and Holdings Compared

Avantis International Equity ETF

AVDEANYSE Arca

Dimensional International Core Equity 2 ETF

DFICACboe

Overlap

61.6%by weight

Expense ratio

DFIC −0.01pt a year

AVDE0.23%DFIC0.22%

Avg volume · 30D

DFIC 1.8×the volume

AVDE1.06MDFIC1.85M

3Y return · a year

AVDE +0.3pt

AVDE+22.0%DFIC+21.7%

AVDE vs DFIC Performance

Oct 31, 2025 – Oct 30, 2026

+15.6%AVDE+16.8%DFIC

Expense ratio: AVDE 0.23%; DFIC 0.22%, better
Fund size: AVDE $19.4B; DFIC $15.3B
1Y total return: AVDE +15.6%; DFIC +16.8%, better
Yield (12M): AVDE 2.84%, better; DFIC 2.55%
Holdings: AVDE 3394; DFIC 4152
Avg volume (30D): AVDE 1.06M sh; DFIC 1.85M sh, better
NAV per share: AVDE $89.03; DFIC $37.56
52W range

ETF.net Grade

Pillar letters and Scores for AVDE, DFIC, with each pillar’s weight
Pillar	AVDE	DFIC
Cost30% weight	A96	A98Higher
Mission25% weight	Not scored	A100
Risk15% weight	B63	B69Higher
Tradability15% weight	A92Higher	A81
Holdings10% weight	A90	A91Higher
Durability5% weight	A89	A91Higher

Rank among International Active Equity funds

How we build Categories ›

Same Category. AVDE and DFIC are both graded against the same 55 International Active Equity funds, so their Grades compare head to head.

International Active Equity⁠

Category · 55 funds

See all 55 ›

AVDE ranks 1st and DFIC 1st of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 87
Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
Rank 3AJIREJPMorgan International Research Enhanced Equity ETFScore 79

Our read on each fund

ETF.net Research

AVDEAAvantis International Equity ETF

DFICADimensional International Core Equity 2 ETF

In short

AVDE Active management at almost-index prices: Avantis runs roughly 3,300 developed-market stocks outside the US without tracking a benchmark, for 0.23% a year. One of the strongest implementations in its active international peer group.

DFIC No data

Stated mandate

AVDE Invests in a broad range of stocks of all sizes across non-U.S. developed countries, with active portfolio management rather than replication of a specified index.

DFIC No data

Why people hold it

AVDE 0.23% a year, well under half the typical fee in its active international peer group. Active management usually costs more than this.
Index-like breadth without an index: about 3,300 stocks of all sizes across non-US developed countries, chosen by managers rather than copied from a benchmark.avantisinvestors.com
A multi-billion-dollar fund that trades actively, so getting in and out tends to be cheap and easy. It pays out quarterly.
Sits at the top of a crowded field alongside rivals like DFIC and JIRE, priced within a basis point or two of both.

DFIC No data

Worth knowing

AVDE Developed markets only. Emerging markets are a separate purchase if you want them.
No index to grade the manager against, so results come down to Avantis's own portfolio calls rather than a published benchmark.
It is all-equity and all-foreign: stock market swings plus currency moves both show up in the price.

DFIC No data

Full AVDE profile⁠

Full DFIC profile⁠

AVDE vs DFIC Holdings

How AVDE and DFIC differ

Overlap by weight

61.6%

Shared holdings make up 92.0% of AVDE and 81.2% of DFIC.

Level by level

Holdings2,717 in both61.6%
Sector11 Sectors95.4%
Countryby domicile95.5%
Asset classEquity100%

Sector

Sector weights in AVDE and DFIC, widest gap first
Sector	More in AVDEMore in DFIC	AVDE	DFIC
Financials	AVDE +4.0 points	25.8%	21.8%
Consumer Staples	DFIC +1.4 points	4.9%	6.3%
Health Care	DFIC +1.4 points	5.8%	7.2%
Technology	DFIC +0.5 points	7.9%	8.4%
Utilities	AVDE +0.5 points	3.7%	3.2%
Materials	DFIC +0.5 points	10.5%	11.0%
Real Estate	DFIC +0.3 points	1.3%	1.6%
Consumer Discretionary	DFIC +0.2 points	9.2%	9.4%
Energy	DFIC +0.2 points	7.6%	7.8%
Communication	Same weight	4.1%	4.1%
Industrials	DFIC +0.1 points	19.2%	19.3%

Country, concentration and asset class

Country by domicile

Country weights in AVDE and DFIC, widest gap first
Country	More in AVDEMore in DFIC	AVDE	DFIC
Japan	DFIC +1.7 points	22.7%	24.4%
United Kingdom	AVDE +0.8 points	12.2%	11.4%
Canada	AVDE +0.7 points	12.3%	11.6%
France	AVDE +0.6 points	6.7%	6.1%
Italy	DFIC +0.6 points	2.7%	3.3%
Finland	DFIC +0.6 points	0.8%	1.4%
Netherlands	AVDE +0.6 points	4.2%	3.6%
Other countries (22)	AVDE +0.2 points	38.4%	38.2%

Outside the US: AVDE 98% developed, 2% emerging. DFIC 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

AVDE7.5%
DFIC7.1%

Securities held

AVDE3,378
DFIC4,131

Asset class

AVDE: Equity
DFIC: Equity

Holdings

Only in AVDE661
In both2,717
Only in DFIC1,414

Only in AVDE

661 securities, 8.2% of AVDE by weight

Mitsubishi Ufj Finl Spon Adr Adr0.44%
Ing Groep N.v. Sponsored Adr Adr0.44%
Gsk PLC Spon Adr Adr0.36%
Softbank Group Corp Common Stock0.36%
Cenovus Energy Inc Common Stock0.33%
Mizuho Financial Group Adr Adr0.29%
Tesco PLC Common Stock GBP.06333330.26%
Commerzbank AG Tend Common Stock0.18%
Orix Sponsored Adr Adr0.17%
Glencore PLC Common Stock USD.010.17%
Magna International Inc Common Stock0.16%
3I Group PLC Common Stock GBP.7386360.15%
Nutrien Ltd Common Stock0.14%
Tower Semiconductor Ltd Common Stock ILS15.00.13%
Compass Group PLC Common Stock GBP.11050.13%
Helvetia Baloise Holding AG Common Stock CHF.020.13%
Enbridge Inc Common Stock0.11%
Ferrari NV Common Stock EUR.010.11%
Coca Cola Europacific Partne Common Stock EUR.010.11%
Coca Cola Hbc AG Di Common Stock0.08%
Oceanagold Corp Common Stock0.08%
Zim Integrated Shipping Serv Common Stock0.07%
Spotify Technology SA Common Stock EUR.0006250.07%
Sunbelt Rentals Holdings Inc Common Stock USD.010.07%
Millicom Intl Cellular S.a. Common Stock USD1.50.07%
M+g PLC Common Stock GBP.050.06%
Paz Retail and Energy Ltd Common Stock ILS5.00.06%
Credit Saison Co Ltd Common Stock0.06%
Mitsubishi Hc Capital Inc Common Stock0.06%
Dassault Systemes SE Common Stock EUR.10.05%
Jardine Matheson Holdings Common Stock USD.250.05%
Power Corp of Canada Common Stock0.05%
Intl Consolidated Airline Di Common Stock EUR.10.05%
Quilter PLC Common Stock GBP.081670.05%
Barratt Redrow PLC Common Stock GBP.10.05%
Ferrovial NV Common Stock EUR.010.04%
Constellium SE Common Stock EUR.020.04%
Intercontinental Hotels Grou Common Stock GBP.20852130.04%
First Majestic Silver Corp Common Stock0.04%
Nippon Yusen Kk Common Stock0.04%
Icg PLC Common Stock GBP.26250.04%
Haleon PLC Adr Adr0.04%
Sparebank 1 Nord Norge Common Stock NOK18.00.04%
Fdj United Common Stock0.04%
Elbit Systems Ltd Common Stock ILS1.00.04%
Japan Post Bank Co Ltd Common Stock0.04%
Cvc Capital Partners PLC Common Stock0.04%
Georgia Capital PLC Common Stock GBP.010.04%
Firstgroup PLC Common Stock GBP.050.03%
Sparebank 1 Smn Common Stock NOK20.00.03%

Only in DFIC

1,414 securities, 18.3% of DFIC by weight

Toyota Motor Corp0.46%
Suncor Energy Inc.0.41%
Bhp Group Ltd0.39%
Canadian Natural Resource0.37%
Toronto-Dominion Bank0.37%
Mitsubishi Ufj Financial0.36%
Sony Group Corp0.33%
Astrazeneca PLC0.33%
Eni Spa0.30%
Rio Tinto PLC0.29%
Cenovus Energy Inc0.27%
Barrick Mining Corp0.23%
Barclays PLC0.22%
Ubs Group AG0.22%
Bank of Nova Scotia/The0.22%
Agnico Eagle Mines Ltd0.21%
Anheuser-Busch Inbev Sa/N0.21%
Gsk PLC0.20%
Glencore PLC0.20%
Banco Santander SA0.19%
Helvetia Baloise Holding0.19%
Royal Bank of Canada0.19%
Mizuho Financial Group In0.18%
British American Tobacco0.17%
Canadian Imperial Bank of0.17%
Novo Nordisk A/S0.17%
Kinross Gold Corp0.17%
Magna International Inc0.16%
Teck Resources Ltd0.16%
Compass Group PLC0.16%
Sumitomo Mitsui Financial0.16%
Deutsche Bank AG0.15%
Sunbelt Rentals Holdings0.14%
Ing Groep NV0.14%
Bp PLC0.14%
Commerzbank Ag-Tend0.14%
Sun Life Financial Inc0.14%
Equinor Asa0.14%
Takeda Pharmaceutical Co0.13%
Imperial Brands PLC0.13%
Tc Energy Corp0.13%
Bank of Montreal0.13%
Manulife Financial Corp0.13%
Haleon PLC0.13%
Nutrien Ltd0.12%
Nokia Oyj0.12%
Pan American Silver Corp0.11%
Iamgold Corp0.11%
Pembina Pipeline Corp0.11%
Japan Tobacco Inc0.11%

Weight gaps

The 100 widest of 2,717 Holdings in both funds.

Holding weights in AVDE and DFIC, widest gap first
Holding	More in AVDEMore in DFIC	AVDE	DFIC
Ubs Group AG Reg Common Stock USD.1	AVDE +0.56 points	0.57%	<0.01%
Canadian Natural Resources Common Stock	AVDE +0.46 points	0.47%	<0.01%
Suncor Energy Inc Common Stock	AVDE +0.46 points	0.46%	<0.01%
Toyota Motor Corp Spon Adr AdrTM	AVDE +0.45 points	0.46%	0.01%
Toronto Dominion Bank Common Stock	AVDE +0.42 points	0.45%	0.03%
Roche Holding AG Common Stock CHF.001	AVDE +0.35 points	1.05%	0.70%
Astrazeneca PLC Common StockAZN.L	AVDE +0.34 points	0.40%	0.06%
Agnico Eagle Mines Ltd Common Stock	AVDE +0.33 points	0.33%	<0.01%
Bhp Group Ltd Spon Adr AdrBHP	AVDE +0.31 points	0.56%	0.25%
Totalenergies SE Common Stock	DFIC +0.31 points	0.45%	0.76%
Hsbc Holdings PLC Spons Adr AdrHSBC	AVDE +0.29 points	0.68%	0.39%
Barclays PLC Spons Adr AdrBCS	AVDE +0.29 points	0.33%	0.04%
Tenaris SA Adr Adr USD1.0TS	DFIC +0.29 points	0.02%	0.31%
Sumitomo Mitsui Spons Adr AdrSMFG	AVDE +0.28 points	0.36%	0.08%
Novo Nordisk A/S Spons Adr AdrNVO	AVDE +0.28 points	0.29%	0.01%
Zurich Insurance Group AG Common Stock CHF.1	AVDE +0.27 points	0.50%	0.23%
Bank of Nova Scotia Common Stock	AVDE +0.27 points	0.29%	0.02%
Novartis AG Sponsored Adr AdrNVS	DFIC +0.26 points	0.50%	0.76%
Rio Tinto PLC Spon Adr AdrRIO	AVDE +0.26 points	0.28%	0.02%
Can Imperial Bk of Commerce Common Stock	AVDE +0.26 points	0.31%	0.05%
Sony Group Corp Sp Adr AdrSONY	AVDE +0.25 points	0.26%	<0.01%
Banco Santander SA Spon Adr AdrSAN	AVDE +0.25 points	0.33%	0.08%
Iberdrola SA Common Stock EUR.75	AVDE +0.25 points	0.34%	0.09%
Vodafone Group PLC Sp Adr AdrVOD	AVDE +0.24 points	0.24%	<0.01%
Safran SA Common Stock EUR.2	AVDE +0.24 points	0.43%	0.19%
Sap SE Sponsored Adr AdrSAP	AVDE +0.23 points	0.28%	0.05%
Asml Holding NV Ny Reg Shs Ny Reg Shrs EUR.09ASML	AVDE +0.23 points	1.32%	1.09%
Bnp Paribas Common Stock EUR2.0	AVDE +0.23 points	0.37%	0.14%
Sanofi Adr AdrSNY	AVDE +0.23 points	0.23%	<0.01%
Barrick Mining Corp Common Stock	AVDE +0.23 points	0.23%	<0.01%
Aercap Holdings NV Common Stock EUR.01AER	AVDE +0.23 points	0.23%	<0.01%
Oversea Chinese Banking Corp Common Stock	AVDE +0.23 points	0.33%	0.10%
Deutsche Bank AG Registered Common Stock	AVDE +0.22 points	0.25%	0.03%
Bank of Montreal Common Stock	AVDE +0.22 points	0.32%	0.10%
Axa SA Common Stock EUR2.29	AVDE +0.21 points	0.30%	0.09%
Canadian Natl Railway Co Common Stock	AVDE +0.21 points	0.22%	0.01%
Manulife Financial Corp Common Stock	AVDE +0.19 points	0.22%	0.03%
Bayer AG Reg Common Stock	DFIC +0.19 points	0.17%	0.36%
Rwe AG Common Stock	AVDE +0.19 points	0.33%	0.14%
Royal Bank of Canada Common Stock	DFIC +0.19 points	0.45%	0.64%
Schneider Electric SE Common Stock EUR4.0	AVDE +0.18 points	0.30%	0.12%
Banco Bilbao Vizcaya Sp Adr AdrBBVA	AVDE +0.18 points	0.59%	0.41%
Celestica Inc Common Stock	AVDE +0.17 points	0.29%	0.12%
Sandoz Group AG Common Stock CHF.05	DFIC +0.18 points	0.04%	0.22%
Natwest Group PLC Spon Adr AdrNWG	AVDE +0.18 points	0.31%	0.13%
Teck Resources Ltd Cls B Common Stock	AVDE +0.16 points	0.16%	<0.01%
Fairfax Financial Hldgs Ltd Common Stock	DFIC +0.16 points	0.05%	0.21%
Kinross Gold Corp Common Stock	AVDE +0.15 points	0.16%	<0.01%
Pan American Silver Corp Common Stock	AVDE +0.16 points	0.16%	<0.01%
Eni Spa Sponsored Adr AdrE	AVDE +0.15 points	0.24%	0.09%
Genmab A/S Sp Adr AdrGMAB	AVDE +0.15 points	0.15%	<0.01%
Honda Motor Co Ltd Spons Adr AdrHMC	AVDE +0.15 points	0.18%	0.03%
Shell PLC Adr AdrSHEL	DFIC +0.15 points	1.00%	1.15%
Publicis Groupe Common Stock EUR.4	DFIC +0.14 points	0.04%	0.18%
Arcelormittal Ny Registered Ny Reg ShrsMT	AVDE +0.14 points	0.23%	0.09%
Sika AG Reg Common Stock CHF.01	AVDE +0.14 points	0.22%	0.08%
Basf SE Common Stock	DFIC +0.14 points	0.19%	0.33%
E.on SE Common Stock	DFIC +0.14 points	0.15%	0.29%
Adidas AG Common Stock	AVDE +0.13 points	0.21%	0.08%
Shopify Inc Class A Common Stock	AVDE +0.13 points	0.16%	0.03%
Advantest Corp Common Stock	AVDE +0.13 points	0.46%	0.33%
Engie Common Stock EUR1.0	DFIC +0.12 points	0.16%	0.28%
Qiagen N.v. Common Stock EUR.01	DFIC +0.13 points	0.01%	0.14%
Bp PLC Spons Adr AdrBP	AVDE +0.12 points	0.56%	0.44%
Ericsson (Lm) Tel Sp Adr AdrERIC	AVDE +0.13 points	0.13%	<0.01%
Anz Group Holdings Ltd Common Stock	AVDE +0.13 points	0.25%	0.12%
Koninklijke Ahold Delhaize N Common Stock EUR.01	AVDE +0.12 points	0.25%	0.13%
Lloyds Banking Group PLC Adr AdrLYG	AVDE +0.12 points	0.27%	0.15%
Fujikura Ltd Common Stock	AVDE +0.13 points	0.27%	0.14%
Cie Financiere Richemo A Reg Common Stock CHF1.0	AVDE +0.12 points	0.25%	0.13%
Banca Monte Dei Paschi Siena Common Stock	DFIC +0.12 points	0.06%	0.18%
Volvo Ab B Shs Common Stock SEK1.26	DFIC +0.12 points	0.07%	0.19%
Tokyo Electron Ltd Common Stock	DFIC +0.12 points	0.13%	0.24%
Equinor Asa Spon Adr AdrEQNR	AVDE +0.11 points	0.12%	<0.01%
Logitech International Reg Common Stock CHF.25	AVDE +0.12 points	0.12%	<0.01%
Dsm Firmenich AG Common Stock EUR.01	AVDE +0.11 points	0.16%	0.05%
Standard Chartered PLC Common Stock USD.5STAN.L	AVDE +0.11 points	0.34%	0.23%
Tc Energy Corp Common Stock	AVDE +0.11 points	0.12%	0.01%
Industria De Diseno Textil Common Stock EUR.03	AVDE +0.11 points	0.22%	0.11%
Screen Holdings Co Ltd Common Stock	AVDE +0.10 points	0.14%	0.04%
Lonza Group AG Reg Common Stock CHF1.0	AVDE +0.10 points	0.26%	0.16%
Canadian Pacific Kansas City Common Stock	AVDE +0.11 points	0.13%	0.02%
Iamgold Corp Common Stock	AVDE +0.11 points	0.11%	<0.01%
Saab Ab B Common Stock	AVDE +0.10 points	0.12%	0.02%
Vinci SA Common Stock EUR2.5	AVDE +0.11 points	0.33%	0.22%
Volkswagen AG Pref Preference	DFIC +0.10 points	0.02%	0.12%
Legal & General Group PLC Common Stock GBP.025LGEN.L	AVDE +0.10 points	0.19%	0.09%
Capgemini SE Common Stock EUR8.0	DFIC +0.11 points	0.01%	0.12%
National Grid PLC Sp Adr AdrNGG	AVDE +0.11 points	0.18%	0.07%
Mebuki Financial Group Inc Common Stock	AVDE +0.10 points	0.15%	0.05%
Kioxia Holdings Corp Common Stock	AVDE +0.10 points	0.15%	0.05%
Westpac Banking Corp Common Stock	AVDE +0.10 points	0.26%	0.16%
Relx PLC Spon Adr AdrRELX	AVDE +0.10 points	0.19%	0.09%
Aib Group PLC Common Stock EUR.625	DFIC +0.10 points	0.12%	0.22%
Boc Hong Kong Holdings Ltd Common Stock	AVDE +0.10 points	0.13%	0.03%
Sun Life Financial Inc Common Stock	AVDE +0.10 points	0.17%	0.07%
Centerra Gold Inc Common Stock	AVDE +0.09 points	0.15%	0.06%
Argenx SE Adr AdrARGX	AVDE +0.09 points	0.14%	0.05%
B2GOLD Corp Common Stock	AVDE +0.10 points	0.10%	<0.01%
Mitsubishi Heavy Industries Common Stock	AVDE +0.09 points	0.20%	0.11%

All 3,342 AVDE holdings⁠All 4,139 DFIC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AVDE vs DFIC Cost

Overpaying AVDE vs DFIC

$201

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AVDE 0.23%
$4,759
DFIC 0.22%
$4,558

Amount$10,000

Years30 years

Cost over time

AVDE 0.23%
DFIC 0.22%
Overpaying

Year by year

Year	AVDE	DFIC	Overpaying
10	$419	$401	$18
20	$1,630	$1,561	$69
30	$4,759	$4,558	$201

Expense ratio

0.23%AVDE
0.22%DFIC, cheaper

DFIC0.22%AVDE0.23%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

AVDE 3rd cheapest of 55 funds

AVDE vs DFIC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AVDE 2.84%, better; DFIC 2.55%
Payout (12M): AVDE $2.53; DFIC $0.96
Last payment: AVDE $0.33; DFIC $0.19
Ex-dividend: AVDE Sep 8, 2026; DFIC Sep 22, 2026
Paid on: AVDE Sep 10, 2026; DFIC Sep 24, 2026
Frequency: AVDE Quarterly; DFIC Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

AVDEQuarterly · 16 paymentsAll AVDE payments⁠

DFICQuarterly · 18 paymentsAll DFIC payments⁠

AVDE vs DFIC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AVDE 12.1%DFIC 11.9%, better
Return per unit of riskSharpe ratio, 3 years: AVDE 1.35DFIC 1.35
Worst fallMax drawdown, 5 years: AVDE −28.7%DFIC −24.4%since Mar 2022
Market sensitivityBeta, 5 years: AVDE 0.88DFIC 0.92; Market = 1

AVDE and DFIC in the news

All news⁠

ETF Filings
Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank
Sep 18, 2026AVDEDFIC
New ETFs
Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs
Oct 16, 2026AVDE
ETF Filings
Franklin Templeton files two enhanced ETFs to absorb its international core funds
Sep 18, 2026AVDE
New ETFs
PGIM lists two more Jennison core ETFs after a May launch that still holds $7 million
Sep 8, 2026AVDE
ETF Filings
American Century files a mutual-fund wrapper for Avantis international large-cap value
Sep 7, 2026AVDE

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AVDE vs DFIC

In short

Stated mandate

Why people hold it